Stocks in Focus Today:Today i.e. on 29th April 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 ICICI Bank, Adani Enterprises, Maruti Suzuki, AU SFB, IRCON, Yes Bank, HCL Tech, Mahindra Lifespace, UltraTech Cement, Birlasoft, Can Fin Homes, Jana SFB, PNB Housing, Poonawalla Fincorp, Tata Chemicals, Trent. Shares like , UCO Bank, NDTV, RBL Bank, Shriram Finance, SBI Life Insurance Company are included.
ICICI Bank
The profit of ICICI Bank has increased by 18.5 percent to Rs 11,672 crore in the fourth quarter of the last financial year (January-March, 2024). The bank’s profit has improved due to less provisions. The net interest income of the bank increased by 8.1 percent to Rs 19,093 crore. In this, the loan increased by 16.8 percent and the net interest margin decreased from 4.90 percent to 4.40 percent.
Adani Enterprises
Adani Connex, a joint venture between Adani Enterprises and EdgeConnex with equal stake, has raised approximately $ 1.44 billion (approximately Rs 11,520 crore). The company building the data center said that this is the largest environment-friendly financing in the country. Adani Enterprises Limited is investing about $ 1.5 billion in its new data center business in the next three years.
Maruti Suzuki
Maruti Suzuki India’s profit in the March 2024 quarter jumped by 47.8 percent to Rs 3877.8 crore. The company’s profit has increased mainly due to huge sales and favorable prices. In the same quarter of the financial year 2022-23, the profit of the automobile company was Rs 2623.6 crore. The company sold 20 lakh vehicles in the last financial year, which is the highest till date. The company remained the top exporter for the third consecutive year. The company’s profit for the entire last financial year increased by 64 percent to Rs 13,209.4 crore.
IRCON
IRCON said that it has won the railway project worth about Rs 100 crore through a joint venture. The railway PSU said that ‘IRCON-DRA’, a joint venture between IRCON International Limited (IRCON) and Dineshchandra R Aggarwal Infracon Private Limited (DRA), has received the LOA for the Kottavalasa-Koraput doubling project from Sivalingapuram station to Borraguhalu station. The project will be built in engineering, procurement and construction (EPC) mode in 1,260 days.
HCL Tech
On an annual basis, the profit of HCL Technologies in the fourth quarter of the last financial year remained flat at Rs 3986 crore. However, compared to the previous quarter, the company’s profit declined by 8.4 percent. This decline came due to increase in employee costs amid reduced IT spending worldwide. The company has projected revenue growth of 3 to 5 percent and EBIT margin growth of 18-19 percent on a constant currency basis for the current financial year. Has estimated.
Today’s results including UltraTech Cement
Today, on April 29, 2024, the quarterly results of UltraTech Cement and Birlasoft will be released. Apart from these, Can Fin Homes, Fedbank Financial Services, Indostar Capital Finance, Jana Small Finance Bank, KFin Technologies, KPIT Technologies, PNB Housing Finance, Poonawalla Fincorp, Shipping Corporation of India Land and Assets, Shoppers Stop, Spandana Sphoorty Financial, Tata Chemicals, Quarterly results of Trent and UCO Bank will also be released.
