Stocks in Focus Today: Today i.e. on 26th 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, IndusInd Bank, Tech Mahindra, Bajaj Finance, Maruti Suzuki, HCL Tech, Yes Bank, L&T Technology Services, Cyient, Coromandel International, Vedanta, Nestle India, Dr Reddy’s, ITC, ACC, Kotak Bank, Shares like Bajaj Finserv, SBI Life, Shriram Finance, SBI Cards, VST Industries, L&T Finance, RBL Bank are included.
Maruti and HCL results today
Today i.e. on 26 April 2024, the quarterly results of Maruti Suzuki and HCL Tech will be released. Apart from these, results of Aditya Birla Sun Life AMC, Atul, Bajaj Finserv, SBI Life, Shriram Finance, CSB Bank, Bank of Maharashtra, SBI Cards, VST Industries will also come today. Whereas on Saturday the results of ICICI Bank, Yes Bank, L&T Finance, RBL Bank, SBFC Finance, Sanghi Industries will come.
ICICI Bank
ICICI Bank on Thursday said that all the cards have been blocked after details of about 17,000 recently issued credit cards were found to be linked to wrong users. The private sector bank said that there is no information about any misuse of any card in this case. But he said that he is ready to compensate the customer for any financial loss incurred.
IndusInd Bank
IndusInd Bank’s profit has increased by 15 percent to Rs 2349 crore in the fourth quarter ending March 2024. The bank’s profit has increased mainly due to increase in interest income. The bank had made a profit of Rs 2,043 crore in the same quarter a year ago. The total income of IndusInd Bank increased to Rs 14,707 crore, which was Rs 12,174 crore in the same period last year. The bank earned interest income of Rs 12,199 crore during the quarter.
Tech Mahindra
The profit of IT company Tech Mahindra declined by about 41 percent on an annual basis to Rs 661 crore in the quarter ending March 2024. Its profit in the same quarter a year ago was Rs 1,117.7 crore. In the fourth quarter of financial year 2023-24, Tech Mahindra’s revenue declined by 6.2 percent to Rs 12,871 crore. For the entire financial year 2023-24, profit declined by 51.2 per cent year-on-year to Rs 2,358 crore.
Bajaj Finance
Non-banking finance company Bajaj Finance’s profit increased by 21 percent to Rs 3,825 crore in the March quarter. In the same quarter a year ago, the company’s profit was Rs 3158 crore. The total income of the company increased to Rs 14,932 crore, which was Rs 11,368 crore in the same quarter of 2022-23. The company’s net interest income increased by 28 percent to Rs 8,013 crore in the March quarter from Rs 6,254 crore in the March 2023 quarter.
Vedanta
Anil Aggarwal-led Vedanta Ltd’s consolidated net profit declined 27.2 per cent to Rs 1,369 crore in the March quarter. The company had earned a profit of Rs 1881 crore in the same quarter a year ago. The company’s income declined to Rs 36,093 crore in the January-March quarter, from Rs 38,635 crore in the same quarter a year ago.
ITC
ITC Chairman and Managing Director Sanjeev Puri said that the company aims to open more hotels abroad including neighboring countries and West Asia. ITC Hotels has opened 22 new hotels in the last 24 months. It plans to open 70 more hotels in India in the next 5 years. Apart from the hotel business, the company will also explore opportunities to expand its presence in FMCG and other sectors in new overseas markets.