Stocks in Focus Today :Today i.e. on 21st October 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 (Stock in Focus). Today’s list includes HDFC Bank, Kotak Mahindra Bank, Tech Mahindra, Jio Financial, ICICI Lombard, UltraTech Cement, JSW Steel, Tata Consumer, Wipro, Reliance Infrastructure, Union Bank of India, Bajaj Housing Finance, Bhansali Engineering Polymers, City Union. Shares like Bank, Cyient DLM, Gravita India, HFCL, Jana Small Finance Bank, Mahindra Logistics, NELCO, Route Mobile are included.
UltraTech Cement results will come today
UltraTech Cement’s quarterly results will be released today, October 21, 2024. Apart from this, today itself Union Bank of India, Bajaj Housing Finance, Bhansali Engineering Polymers, CG Power and Industrial Solutions, City Union Bank, Cyient DLM, Gravita India, HFCL, Jana Small Finance Bank, Mahindra Logistics, NELCO, Route Mobile, Solara Active Results of Pharma Sciences, and Supreme Petrochem will also come.
HDFC Bank
HDFC Bank’s profit has increased by 5 percent to Rs 16,821 crore in the September quarter of the current financial year. The bank’s profit in the same quarter of the last financial year was Rs 15,976 crore. Total income increased to Rs 85,500 crore in the September quarter, from Rs 78,406 crore in the same quarter of the last financial year. The interest income of the bank increased to Rs 74,017 crore in the September quarter, which was Rs 67,698 crore in the same quarter of the last financial year. Net interest income increased by 10 percent to Rs 30,110 crore. The board of HDFC Bank has approved the share sale of HDB Financial worth Rs 12,500 crore.
Kotak Mahindra Bank
Kotak Mahindra Bank’s profit has increased by 5 percent to Rs 3,344 crore in the September quarter of the current financial year. The company’s profit in the same quarter of the last financial year was Rs 3,191 crore. The total income of the bank increased to Rs 15,900 crore in the September quarter, which was Rs 13,507 crore in the same quarter of the last financial year. The interest income of the bank increased to Rs 13,216 crore, which was Rs 11,193 crore in the same quarter of the last financial year. Net interest income increased by 11 percent to Rs 7,020 crore.
Tech Mahindra
The profit of IT company Tech Mahindra has doubled to Rs 1250 crore for the September quarter. The company’s profit in the same quarter of the last financial year was Rs 493.9 crore. Tech Mahindra’s income increased by 3.49 percent to Rs 13313.2 crore in the September quarter, from Rs 12863.9 crore in the same quarter of the last financial year.
Jio Financial
Jio Financial Services’ profit increased by 3 percent to Rs 689 crore in the September quarter. The company had achieved a profit of Rs 668 crore in the same quarter a year ago. The total income of Jio Financial Services increased to Rs 694 crore, which was Rs 608 crore in the same quarter a year ago. However, the total expenditure doubled to Rs 146 crore as against Rs 71 crore in the same period last year.
ICICI Lombard
ICICI Lombard’s profit after tax (PAT) increased by 31.7 percent to Rs 1274 crore in H1FY25, compared to Rs 968 crore in H1FY24. Talking about the quarter, PAT increased by 20.2 percent to Rs 694 crore in the second quarter of FY 2025, whereas it was Rs 577 crore in the second quarter of FY 2024. The company’s gross direct premium income (GDPI) increased by 10.4 percent year-on-year to Rs 6721 crore in the second quarter of FY 2025, while it was Rs 6086 crore in the second quarter of FY 2024. This growth is more than the 2 percent growth of the industry in this case. The board of directors of the company has announced an interim dividend of Rs 5.50 per share for the first half of the financial year 2025.
JSW Steel
The company will jointly acquire Thyssenkrupp Electric Steel India with JFE Steel Corporation of Japan. The company will acquire Thyssenkrupp Electric Steel through a 50:50 joint venture with JFE Steel and licensing/transfer of related technology.