Stocks in Focus Today: Today i.e. on January 25, 2024, some stocks (stocks in news) are ready to show action. Due to positive trigger, these shares may remain in focus in the market today (Stocks to Watch). If you are looking for better stocks in intraday then you can keep an eye on them (Stocks in Focus). Today’s list includes Adani Enterprises, Tata Technologies, HDFC Bank, BAJAJ Finance, ITC, Yes Bank, AU Small Finance Bank, Adani Power, PNB, L&T Finance Holdings, TCS, Adani Green, Aditya Birla Sun Life AMC, Apollo Pipes, Shares like Bharat Electronics, CSB Bank, GAIL, Heritage Foods, ITC, Latent View, Marico, NTPC, Petronet LNG, VODAFONE IDEA are included.
BAJAJ Finance, ITC results today
Today, on January 29, 2024, BAJAJ Finance and ITC are going to release their quarterly results. Apart from these, quarterly results of Adani Green, Aditya Birla Sun Life AMC, Apollo Pipes, Bharat Electronics, CSB Bank, GAIL (INDIA), Heritage Foods, ITC, Latent View, Marico, NTPC, Petronet LNG, Vodafone IDEA will also come today.
Adani Enterprises
AdaniConnex (ACX), a joint venture of Adani Enterprises, has entered into a contract with Adani Power to acquire 100 per cent equity stake in two wholly owned subsidiaries of Adani Power (Rs 190 crore in Avisida Infra Park and Rs 350 crore in Innovent Buildwell). Have signed. Both transactions are expected to be completed by March 31, 2024.
Tata Technologies
The profit of the global engineering services company increased by 14.7 percent year-on-year to Rs 170.22 crore in the December quarter. Revenue from operations also increased by 14.7 percent to Rs 1289.5 crore as compared to the year-ago period. Whereas in US dollar terms, revenue from operations increased by 13.4 percent to $154.8 million.
HDFC Bank
The Reserve Bank of India (RBI) has given its approval to Life Insurance Corporation of India to acquire up to 9.99 percent stake in HDFC Bank. LIC has been advised by RBI to acquire the above mentioned major shareholding in HDFC Bank within a period of one year, i.e. by January 24, 2025.
Yes Bank
The profit of Yes Bank in the third quarter of the current financial year (October-December, 2023) has been Rs 231 crore. The bank’s profit in the same quarter of the last financial year was Rs 52 crore. Whereas a quarter ago the bank had made a profit of Rs 225 crore. During this period, due to 11.8 percent increase in loans and 0.10 percent decline in net interest margin to 2.4 percent, net interest income increased by 2.3 percent to Rs 1,971 crore. Total net income increased by 5.8 percent to Rs 3,211 crore in the third quarter, compared to Rs 3,036 crore in the same period a year ago.
AU Small Finance Bank
The bank’s net interest income increased by 15 percent year-on-year to Rs 1325 crore in the third quarter of FY 2024, while it was Rs 1153 crore in the third quarter of FY 2023. Pre-provisioning operating profit (PPoP) increased by 18% year-on-year to Rs 657 crore. The profit in the third quarter of FY 2024 was Rs 375 crore, which is 4% less on annual basis. NIM was 5.5%. Cost of funds increased by 20bps quarter-on-quarter to 6.90%.