Stocks in Focus Today : Today i.e. on 7th August 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 SBI, Suzlon Energy, Tata Power, TVS Motor, NTPC, Shree Cement, Vedanta, PFC, Godrej Consumer Products, Aadhar Housing Finance, Apollo Tyres, Coromandel International, Gujarat Pipavav Port, Happy Forgings, ITD Cementation, KIMS, Lemon Tree Hotels, NHPC, Sula Vineyards, Welspun Corp.
Lemon Tree Hotels, NHPC results today
Today, Lemon Tree Hotels and NHPC will release their June quarter results. Apart from these, results of Godrej Consumer Products, Aadhar Housing Finance, Abbott India, Aditya Birla Fashion and Retail, Apollo Tyres, Coromandel International, Gujarat Pipavav Port, KIMS, Sula Vineyards and Welspun Corp are also going to be released.
SBI
The Government of India has approved the appointment of Challa Srinivasulu Setty as the Chairman of SBI for a term of 3 years from August 28. Also, Rana Ashutosh Kumar Singh has been appointed as the Managing Director of the bank. Currently, Challa Srinivasulu Setty is serving as a Managing Director, and Rana Ashutosh Kumar Singh is the Deputy Managing Director in SBI.
Suzlon Energy
Suzlon Energy will acquire 76 per cent stake in Renome Energy Services in two phases. The company will buy this stake from Sanjay Ghodawat Group for Rs 660 crore. A company statement said that in the first phase, 51 per cent stake will be acquired for Rs 400 crore. In the second phase, an additional 25 per cent stake will be acquired for Rs 260 crore within 18 months from the first phase acquisition. Renome is the largest multi-brand operation and maintenance service provider in the country.
Tata Power
The profit of power company Tata Power has increased by 31 percent to Rs 1,189 crore in the April-June quarter of the current financial year. This is the 19th consecutive quarter when there has been strong growth in net profit. The profit of Rs 1189 crore in the June quarter is the highest ever in any quarter. The company’s income grew 12 percent year-on-year to a record Rs 16,810 crore in the quarter ended June 2024. A year ago, it was Rs 15,003 crore in the April-June quarter of 2023-24.
TVS Motor
TVS Motor has earned a profit of Rs 461 crore in the first quarter of the current financial year ended June 30, 2024 on the back of strong sales, which is 6 per cent higher on an annual basis. The company had earned a profit of Rs 434 crore in the April-June quarter of the last financial year. The total income of TVS Motor Company increased to Rs 10,448 crore, as against Rs 9,142 crore in the same period a year ago.
Shree Cement
Shri Cement Limited’s profit in the first quarter of the current financial year 2024-25 fell by 51.31 percent to Rs 278.45 crore. The company’s profit in the first (April-June) quarter of the financial year 2023-24 was Rs 571.94 crore. Operating income increased by 1.73 percent to Rs 5,123.96 crore, which was Rs 5,036.65 crore in the same period of the previous financial year.
