Monday, March 4, 2024

Stocks in News: Keep an eye on these stocks including HDFC Bank, Maruti, ITC, TCS today, action will be seen in intraday.

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Stocks in Focus Today: Today i.e. on 17th December 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 shares like HDFC Bank, Maruti Suzuki, ITC, Federal Bank, TCS, Jindal Saw, Jubilant Foodworks, Tata Power, L&T, Bank of Maharashtra. Some of them have taken some steps to expand their business and some have received a big order. Some have released their quarterly or growth figures and some have made changes at the management level.

HDFC Bank

In the December quarter, the profit of HDFC Bank, the country’s largest lender in the private sector, has increased by about 34 percent on an annual basis to Rs 16,372 crore. Whereas in the same quarter a year ago, the bank’s profit was Rs 12259 crore. Net interest income has increased by 24 percent on annual basis to Rs 28,470 crore. HDFC Bank’s Gross Non-Performing Assets (GNPA) stood at 1.26 percent in the December quarter, which was 1.23 percent in the same quarter a year ago. Whereas Net NPA (NNPA) decreased to 0.31 percent in December quarter.

Maruti Suzuki

Maruti Suzuki India has increased the prices of all its vehicles. Maruti Suzuki, the country’s largest car manufacturing company, has announced this on Tuesday. In the information given to the stock market, the motor vehicle manufacturer said that the prices of all models have been increased by an average of 0.45 percent. According to the company, the new prices have come into effect from January 16, 2024. Maruti Suzuki India offers a range of cars from Alto to Invicto. Their price ranges between Rs 3.54 to 28.42 lakh (ex-showroom).

ITC

David Robert Simpson, non-executive director of ITC across various businesses, has resigned due to personal reasons. The Kolkata company said in the information given to the stock market that his resignation will be effective from January 30. Simpson served on the ITC Board of Directors as the representative of Tobacco Manufacturers (India), a subsidiary of British American Tobacco PLC.

Federal Bank

Federal Bank’s profit has increased by 25 percent to Rs 1007 crore in the December quarter. Whereas in the same quarter a year ago, the bank had earned a profit of Rs 804 crore. The net interest income (NII) of the bank has also increased by about 9 percent on an annual basis. The total income of the bank increased to Rs 6593 crore, which was Rs 4967 crore in the same period last year. Gross Non Performing Assets (GNPA) declined to 2.29 percent of gross loans which was 2.43 percent in the same quarter a year ago.

TCS

Tata Consultancy Services (TCS), the country’s largest software exporter, will train its workforce of more than five lakh software engineers for upcoming opportunities in Generative Artificial Intelligence (AI). The company had also announced its involvement in 250 generative AI driven projects a few months ago.

Jindal Saw

Jindal Saw Limited’s profit for the quarter ending December 31, 2023 has doubled to Rs 511.7 crore. Due to increase in income, there has been a significant increase in the company’s profits. The company’s profit in the same quarter a year ago was Rs 143.2 crore. The company’s current order book for iron and steel pipes and pellets is $1.49 billion.

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