Stocks in News: These stocks including HUL, Bajaj Finance, Torrent Pharma, Axis Bank will remain in focus, action will be seen today

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 HUL, Bajaj Finance, M&M Finance, Torrent Pharma, South Indian Bank, Larsen and Toubro, Axis Bank, Tata Consumer Products, Vedanta, Dr Reddy’s Lab, SBI Life, Bajaj Finserv, Federal Bank, Petronet LNG, Jindal Steel & Power, Aditya Birla Sun Life AMC, DCB Bank, Indraprastha Gas, JK Paper, KPIT Technologies, Karnataka Bank, Trident, Tata Teleservices, V-Guard Industries, Welspun.

Axis Bank

Today on 24th July 2024, the June quarter results of L&T, Axis Bank will be released. Apart from these, the results of SBI Life, Bajaj Finserv, Federal Bank, Petronet LNG, Jindal Steel & Power, Aditya Birla Sun Life AMC, DCB Bank, HFCL, Indian Energy Exchange, Indraprastha Gas, JK Paper, KPIT Technologies, Karnataka Bank, Ramkrishna Forgings, SIS, Sona BLW Precision Forgings and Tata Teleservices will also come today.

HULL

FMCG company HUL’s profit in the June quarter increased by 2.7 percent on an annual basis to Rs 2538 crore. Whereas in the same quarter a year ago, the company had a profit of Rs 2472 crore. Revenue increased by 1.3 percent to Rs 15,339 crore, which was Rs 15,148 crore in the same quarter a year ago. EBITDA increased by about 2.4 percent to Rs 3606 crore. Margin increased from 23.2 percent to 23.5 percent.

Bajaj Finance

Bajaj Finance’s profit in the June quarter increased 14 percent year-on-year to Rs 3912 crore from Rs 3437 crore in the same quarter a year ago. Net interest income increased 25 percent to Rs 8365 crore from Rs 6717 crore in the same quarter a year ago. Gross NPA increased from 0.85 percent to 0.86 percent on quarterly basis. Net NPA also increased from 0.37 percent to 0.38 percent.

M&M Finance

Mahindra & Mahindra Financial Services’ profit has increased by 45 percent to Rs 513 crore in the April-June quarter of the current financial year. The profit of the non-banking financial company was Rs 353 crore in the same quarter of the last financial year. The company’s net interest income increased by 15 percent to Rs 1,932 crore in the June quarter, while the interest margin fell to 6.6 percent from 7.1 percent in the same period of the previous quarter.

Torrent Pharma

Torrent Pharma’s profit in the April-June quarter of the current financial year has increased by 21 percent on an annual basis to Rs 457 crore. The company’s profit has increased due to strong performance in the domestic market. The drug manufacturer had a profit of Rs 378 crore in the April-June quarter of the last financial year. The company’s income stood at Rs 2,859 crore, which was Rs 2,591 crore in the same quarter last year.

South Indian Bank

The bank said that the board members will consider raising funds by issuing equity shares through preferential issue and/or qualified institutional placement (QIP) or any other mode on private placement basis or through FPO on July 30.

Tata Consumer Products

The FMCG company has set July 27 as the record date for its Rs 3,000 crore rights issue. The price of the rights issue has been fixed at Rs 818 per share. The rights issue will open on August 5 and close on August 19.