3 trending stocks to watch out for today

New Delhi: There was a decline in the stock market on Thursday. The market opened with a red mark and fell 154.47 points to 63,074.04 by 12 noon. Major equity barometers reversed all early gains and traded with minor losses in morning trade. However, some buying demand was seen in pharma stocks. The barometer index, S&P BSE Sensex was down 52.87 points or 0.08% at 63,174.38. The Nifty 50 index fell 4.90 points, or 0.02%, to close at 18,751.80. 2,051 shares advanced and 1,159 declined on the BSE. A total of 145 shares were unchanged.

On June 15, investors should keep an eye on these stocks.

SJVN: SJVN shares have seen a gain of more than 3 percent today. SJVN shares rose over 3% on June 15 following an agreement with the Maharashtra government to develop 5,000 MW of renewable energy projects. The MoU was signed to examine the feasibility of setting up various renewable projects in Maharashtra including hydro, pumped storage, wind, solar, hybrid and green hydrogen projects. The effect of which has been seen on the shares of the company.

Varun Beverages: Shares of Varun Beverages gained 4.31% on June 15. A share of face value of Rs 10 is divided into two shares of Rs 5 each. As of 11:20 am on BSE, the stock was trading at an adjusted price of Rs 820.05 as compared to the previous session’s adjusted price of Rs 807.25.

Mahindra & Mahindra: Shares of Mahindra & Mahindra saw a marginal gain in early trade on 15 June. The company’s subsidiary entered into agreements with two renewable energy companies, Gelos Solaren and Furies Solaren. The merger with Mahindra Holdings, a wholly owned subsidiary of M&M, has further strengthened the company’s position in the renewable energy sector, which has reflected in the stock. Furies Solaron will be involved in the production and sale of electricity as well as the generation and distribution of electricity to various regions.

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