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 Bajaj Auto, Canara Bank, Tech Mahindra, Tata Steel, PNB, Adani Power, CEAT, TVS Motor Company, DLF, Mazagon Dock Shipbuilders, ZEEL, UCO Bank, IOC, LT Finance Holdings, Indian Bank, IOB, Shares like Karnataka Bank, ACC, SBI Cards, SBI Life, HPCL, AU Small Finance Bank, Cyient, Shriram Finance, Yes Bank, Zen Technology are included.
Results of PNB and ACC will come today
Today on January 25, 2024, the quarterly results of PNB, ACC, Adani Power, SBI Cards, SBI Life, HPCL, AU Small Finance Bank, Cyient, Shriram Finance will come. Whereas on January 27, the results of Yes Bank, Macrotech DevelopersAPL Apollo Tubes, Capri Global Capitalm Zen Technology will be released.
Bajaj Auto
Bajaj Auto Limited’s profit has increased by 38 percent to Rs 2032.62 crore in the December quarter. The company had made a profit of Rs 1472.7 crore in the same quarter last year. Total operating income stood at Rs 12,165.33 crore, which was Rs 9,318.54 crore in the same quarter of the last financial year. The total expenses of the company increased to Rs 9,855.44 crore, which was Rs 7,644.55 crore in the same quarter of the last financial year.
Canara Bank
The profit of public sector Canara Bank jumped by 29 percent to Rs 3656 crore in the third quarter of the current financial year (October-December, 2023). In the same quarter last year, the company had made a profit of Rs 2832 crore. Total income increased to Rs 32334 crore, which was Rs 26218 crore in the same quarter of the last financial year. Net interest income increased by 9.5 percent to Rs 9417 crore.
Tech Mahindra
Tech Mahindra’s profit has fallen by 60 percent to Rs 510.4 crore in the December quarter. In the same quarter of the last financial year, the company had made a profit of Rs 1296.6 crore, whereas in the second quarter of the current financial year (July-September, 2023), the company had made a profit of Rs 493.9 crore. The company said in the statement that its total operating income fell by 4.6 percent to Rs 13,101 crore, which was Rs 13,734 crore in the same quarter of the last financial year. Margin has reduced from 12 percent to 5.4 percent.
Tata Steel
Tata Steel’s profit in the December quarter was Rs 522.14 crore. Good demand in the domestic market compensated for the weak trend in Europe. The company had suffered a loss of Rs 2,501.95 crore in the same quarter a year ago. The company’s income declined to Rs 55,539.77 crore in the quarter ending December 2023 from Rs 57,354.16 crore in the same quarter a year ago.
ZEEL
Zee Entertainment said it has filed a petition in the National Company Law Tribunal (NCLT) against Sony’s decision to cancel the proposed merger agreement. Apart from this, the company has also initiated appropriate legal action to challenge Sony’s claims of $90 million (approximately Rs 748.5 crore) as termination fee.
L&T Finance Holdings
L&T Finance Holdings Limited (LTFH) has reported a consolidated profit (PAT) of Rs 640 crore for the third quarter ended December 31, 2023, a growth of 41% year-on-year. The company has also achieved a retail loan portfolio mix of 91% of the total loan book, which is above the 80% retail portfolio set under the Lakshya 2026 target. The company’s customer facing app PLANET App, which was soft launched in the fourth quarter of FY 2021-2022, has crossed 76 lakh downloads.