Stocks in news: ICICI Pru Life, Anand Rathi Share, LIC, Vedanta, HAL
Markets witnessed a volatile session on Monday and declined nearly 1%, pressured by weak global cues. Analysts say the Sustaining above 23,500 is critical for any further rebound; otherwise, the bias may turn negative to sideways. In the interim, traders are advised to maintain a cautious stance, focus on stock selection based on relative strength for long opportunities, and prefer a hedged approach to manage risk.In today's trade, shares of ICICI Pru Life, Anand Rathi Share, LIC, Vedanta, HAL among others will be in focus due to various news developments and fourth quarter results.ICICI Pru AMCICICI Prudential Asset Management Company (AMC) reported healthy profit growth for the March quarter, supported by higher revenue and improved operating performance. The asset manager posted a profit after tax (PAT) of Rs 763 crore in Q4, marking a 10% year-on-year increase from Rs 692 crore in the corresponding quarter last year. Profit before tax for the quarter rose to Rs 1,039 crore, compared with Rs 917 crore a year earlier.