Stocks in Focus Today : Today i.e. on 24th July 2024, some stocks (stocks in news) are ready to show action. Due to positive triggers, these stocks can 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 these (Stocks in Focus). Today’s list includes stocks like Axis Bank, Tech Mahindra, L&T, Jindal Steel, SBI Life, Karnataka Bank, Federal Bank, Bajaj Finserv, Petronet LNG, CG Power, Indraprastha Gas, Ramkrishna Forgings, DCB Bank, JK Paper, RBL Bank, Rail Vikas Nigam, Nestle India, Canara Bank, Ashok Leyland, AU SFB, Adani Energy Solutions, Adani Green Energy, Mahanagar Gas, PNB Housing Finance.
Tech Mahindra, Canara Bank results today
Quarterly results of Tech Mahindra and Canara Bank will be released today on 25 July 2024. Apart from these, results of Nestle India, Ashok Leyland, AU SFB, Adani Energy Solutions, Adani Green Energy, Cyient, DLF, Glenmark Life Sciences, Jyothy Labs, Mahanagar Gas, Motilal Oswal Financial Services, Mphasis, PNB Housing Finance and Praj Industries will also come today.
Axis Bank
Axis Bank’s profit rose 4 percent to Rs 6035 crore in the June quarter of the current financial year. The bank’s profit has increased due to increased interest income. The bank’s profit was Rs 5797 crore in the same quarter of the last financial year. The bank’s interest income increased to Rs 30,060.73 crore in the June quarter, which was Rs 25,556.77 crore in the same quarter of the last financial year.
L&T
Engineering and manufacturing company Larsen & Toubro (L&T)’s profit has increased by 12% to Rs 2786 crore in the April-June quarter of the current financial year. L&T said in a statement that due to heavy order book, the company’s revenue has increased by 15% to Rs 55,120 crore in the June quarter. The company’s international revenue in the June quarter was Rs 26,248 crore, which is 48% of the total revenue.
Jindal Steel
Jindal Steel and Power Limited (JSPL)’s profit has increased by 4% to Rs 1456.54 crore in the April-June quarter. The company’s profit was Rs 1399.52 crore in the same quarter of the last financial year. JSPL’s total income has increased to Rs 12,865.35 crore in the June quarter, which was Rs 12,324.57 crore in the same quarter of the last financial year.
SBI Life
SBI Life Insurance’s profit for the April-June quarter of the current financial year has increased by 36.48 percent on an annual basis to Rs 520 crore. The company’s profit in the same quarter of the last financial year was Rs 381 crore. Premium income from new business increased to Rs 7,033 crore, which was Rs 6,207 crore in the same quarter of the previous financial year.
Federal Bank
South India-based Federal Bank’s profit rose 16.74 per cent to Rs 1,027.51 crore in the quarter ended June 1 of the current financial year 2024-25. The bank was helped by higher recovery from written off accounts. The bank’s core net interest income grew 19 per cent to Rs 2292 crore in the June quarter due to a nearly 20 per cent increase in advances, while the margin declined to 3.16 per cent from 3.21 per cent in the same quarter last year.
