Stocks in Focus Today: Today i.e. on 6 February 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). In today’s list Bharti Airtel, Tata Chemicals, Paytm, Ashok Leyland, LIC, IOC, BPCL, HPCL, Britannia, Nykaa, Titagarh Rail Systems, LT, BSE, Birla Corp, CAMS, Godrej Properties, Lemon Tree Hotels, Max Financial Shares like Navin Fluorine, Nazara Tech, Trident, Welspun Corp are included.
Britannia, Nykaa results today
The quarterly results of Britannia Industries and FSN E-Commerce Ventures (Nykaa) are going to be released today on 6 February 2024. Apart from these, results of Azad Engineering, Birla Corporation, Blue Jet Healthcare, CAMS, Endurance Technologies, Godrej Properties, JK Tire & Industries, Lemon Tree Hotels, Max Financial, Navin Fluorine, Nazara Tech, Trident and Welspun Corp will also come today.
Bharti Airtel’s profit for the December quarter of the current financial year has increased by 54 percent to Rs 2,442.2 crore. The company had earned a profit of Rs 1,588.2 crore in the same quarter a year ago. Airtel’s operating income increased by 5.8 percent year-on-year to Rs 37,899.5 crore. Earlier in the December 2022 quarter, this figure was Rs 35,804.4 crore. The company’s average earnings per customer (ARPU) in the country increased by 7.7 percent to Rs 208 from Rs 193 a year ago.
The Tata group company reported a consolidated profit of Rs 158 crore for the quarter ended December FY24, which is 60 per cent lower than the year-ago period. Profits were impacted by a lower topline as well as disappointing operating numbers. Electricity, fuel and input costs remained low on an annual basis. Revenue from operations fell by 10 percent to Rs 3730 crore in this quarter.
Paytm operator One97 Communications denied any investigation or reports of violation of foreign exchange rules by the company or its associate Paytm Payments Bank. According to him, the investigation reports are misleading, baseless and malicious, which harms the interests of all the stakeholders of the company. Paytm said that its UPI service will continue to function normally as the company is working with other banks to keep it running.
The profit of Ashok Leyland, the flagship company of Hinduja Group, increased by 61 percent to Rs 580 crore in the December quarter. The company had registered a profit of Rs 361 crore in the same period a year ago. During this period, the operating income of the company increased to Rs 9273 crore, which was Rs 9030 crore in the same period a year ago.
The state-owned life insurance company said the board of directors will meet on February 8 to consider the unaudited financial results for the quarter and nine-month period ending December 2023. Apart from this, the board may consider a proposal for declaration of interim dividend for FY24 in this meeting.
IOC, BPCL, HPCL
The profit of the three public sector petroleum marketing companies has been more than Rs 69,000 crore in the first 9 months of the current financial year, which is more than their annual earnings in the years before the oil crisis. The combined net profit of Indian Oil Corporation, Bharat Petroleum Corporation and Hindustan Petroleum Corporation in the April-December period of the financial year 2023-24 is better than the annual income of Rs 39,356 crore in the years before the oil crisis.