Stocks in News: These stocks including Tata Steel, Marico, Bajaj Finance will show action today, keep an eye on intraday

Stocks in Focus Today :Today i.e. on 4th 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 Tata Steel, Bandhan Bank, Bajaj Finance, L&T Finance, Vedanta, Marico, Brigade Enterprises, Persistent Systems, Indiabulls Housing Finance, Suryoday Small Finance Bank, GE T&D India, Dharmaj Crop Guard, Ideaforge Technology.

Tata Steel

Tata Steel stock may see increased volatility in today’s trading. The National Company Law Tribunal (NCLT), Mumbai Bench has approved the merger plan between Tata Steel and Angul Energy and their respective shareholders.

Bandhan Bank

Bandhan Bank reported a 21.8 per cent year-on-year and 0.7 per cent quarter-on-quarter growth in loans and advances for Q1FY25 to Rs 1,25,619 crore. Total deposits declined 1.5 per cent quarter-on-quarter but grew 22.8 per cent year-on-year to Rs 1,33,203 crore in the June quarter. CASA deposits grew 13.8 per cent year-on-year, while retail deposits (including CASA) grew 19.2 per cent year-on-year.

Bajaj Finance

New loans grew 10 per cent year-on-year to 1.097 crore, while assets under management grew 31 per cent year-on-year to Rs 3.54 lakh crore. The deposit book grew 26 per cent year-on-year to Rs 62750 crore by the end of the June quarter. The net liquidity surplus was Rs 16,200 crore by June 2024.

L&T Finance

L&T Finance’s retail sales in Q1FY25 are estimated to be 95 per cent as compared to 82 per cent in Q1FY24. Retail disbursements for Q1FY25 are estimated at Rs 14830 crore, a growth of 33 per cent year-on-year. The retail loan book at the end of June FY25 quarter is estimated to be Rs 84,440 crore, a growth of 31 per cent year-on-year.

Vedantha

Cast metal aluminium production at the company’s smelters stood at 5.96 lakh tonnes, up 3 per cent year-on-year, due to improved operational performance. While alumina production at Lanjigarh refinery was 5.39 lakh tonnes, growing 36 per cent year-on-year from new capacity. Oil and gas production for the quarter was down 17 per cent year-on-year.

Marico

The company has partnered with Kaya to handle sales of its science-based personal care products. The aim is to create an omni-channel presence for Kaya’s product range by leveraging Marico’s sales and marketing capabilities.