Stocks in Focus Today : Today i.e. on 31st 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 Adani Energy Solutions, Infosys, GAIL, Jindal Stainless, Exide Industries, IOC, Bajaj Finance, Tata Consumer Products, IndiaMART, Macrotech Developers, Torrent Power, Varun Beverages, Dixon Technology, Indus Towers, Star Health.
Adani Energy Solutions
Adani Energy Solutions has raised US$1 billion through share sale. The group has raised funds through public equity for the first time after Hindenburg’s report. Sources said Adani Energy Solutions Limited has raised funds through qualified institutional placement (QIP). The QIP, which opened on Tuesday, received 3 times subscription with a demand of about Rs 26,000 crore. With this, it became the largest deal in India’s energy sector. It closed at Rs 1135 against the issue price of Rs 976.
Infosys
Infosys has partnered with Danish infrastructure provider TDC Net to transform TDC Net into a customer-centric technology company. The partnership aims to modernize TDC Net’s IT infrastructure, enhance customer experience and optimize service costs. Infosys will implement AI-powered hyper-automation to increase productivity and consolidate TDC Net’s IT systems.
GAIL (India)
The profit of public sector GAIL (India) has increased by 77.5 percent to Rs 3,183.35 crore in the April-June quarter of the current financial year. The company’s profit has increased mainly due to the doubling of gas marketing business. A year ago in the same quarter of 2023-24, the company’s profit was Rs 1792.99 crore. The company’s operating income increased to Rs 33,692 crore in the first quarter of the current financial year from Rs 32,227 crore in the same quarter a year ago.
Exide Industries
Exide Industries’ profit has increased by 16% to Rs 280 crore in the first quarter of the current financial year. The company had earned a profit of Rs 242 crore in the April-June quarter of the previous financial year. Its operating income increased to Rs 4313 crore in the June quarter, which was Rs 4,073 crore in the same period a year ago.
IOC
The profit of the country’s largest petroleum company Indian Oil Corporation (IOC) has declined by 81 percent in the first (April-June) quarter of the current financial year 2024-25. The company’s profit stood at Rs 2643.18 crore, which was Rs 13,750.44 crore in the same quarter a year ago. In the January-March quarter, the company had earned a profit of Rs 11,570.82 crore.