Stocks in Focus Today :Today i.e. on 29th 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 ICICI Bank, NTPC, PNB, Maruti Suzuki, REC, Biocon, BHEL, Adani Total Gas, Adani Wilmar, IndusInd Bank, UltraTech Cement, India Cements, HPCL, Sun Pharma, Hindustan Zinc, Colgate-Palmolive, Dr Reddys, J&K Bank, ACC, Bharat Electronics, Arvind, CSB Bank, Indian Bank, Jindal Saw, Pfizer.
Adani Gas and ACC results today
Today, the June quarter results of Adani Gas and ACC will be released. Apart from these, the results of HPC, ACC, Bharat Electronics, Arvind, Adani Wilmar, Colgate Palmolive, CSB Bank, Data Patterns, Indian Bank, Jindal Saw and Pfizer will also be released today.
ICICI Bank
ICICI Bank’s profit increased by about 10 percent to Rs 11,695.84 crore in the June quarter. The company’s profit was Rs 10,636.12 crore in the same quarter of the last financial year. During this period, the bank’s net interest income increased by 10 percent on an annual basis to Rs 19,553 crore, which was Rs 18,226.5 crore in the same quarter last year. The total income of the bank increased to Rs 45,998 crore, which was Rs 38,763 crore in the same quarter of the last financial year. The bank’s expenses increased to Rs 29,973 crore in the June quarter, which was Rs 24,624 crore in the same quarter last year.
NTPC
Public sector company NTPC’s profit increased by 12% to Rs 5,506.07 crore in the June quarter. The company’s profit has increased mainly due to higher income. In the same period a year ago, the company had a profit of Rs 4907.13 crore. The company’s total income increased to Rs 48,981.68 crore in the June quarter, which was Rs 43,390.02 crore in the same quarter a year ago. The company’s expenses increased to Rs 41,844.18 crore, which was Rs 36,963.61 crore in the same quarter a year ago.
PNB
Punjab National Bank’s profit has more than doubled to Rs 3252 crore in the April-June quarter of the current financial year. The company has been helped by a reduction in bad loans and improvement in interest income. The bank’s profit was Rs 1255 crore in the same quarter of the last financial year. The total income of the bank increased to Rs 32,166 crore in the quarter under review, which was Rs 28,579 crore in the same quarter of the last financial year. Interest income increased to Rs 28,556 crore in the June quarter, which was Rs 25,145 crore in the same quarter of the last financial year.
Maruti Suzuki
Maruti Suzuki India Limited has received a notice from the Income Tax Authority demanding Rs 779.2 crore including interest. Maruti Suzuki said in a notice to the stock market that the company has received the final tax assessment order for the financial year 2019-20 from the Income Tax Authority. In this order, a total of Rs 779.2 crore including interest has been demanded from the company. The company has also received a show cause notice to initiate penalty proceedings in connection with the order.
BHEL
Public sector company BHEL has received a contract for a thermal power project worth Rs 10,000 crore from Damodar Valley Corporation (DVC). The company said that two units of 800 MW each will be installed in Jharkhand under the second phase of the Koderma thermal power plant project. The project is to be completed in 52 months and the order is worth Rs 10,000 crore. This work includes the supply of boilers, turbines, generators and related auxiliary equipment.
REC
The profit of public sector REC increased by 16.57 percent to Rs 3,460.19 crore in the April-June quarter of the current financial year. The company’s profit was Rs 2968.05 crore in the same quarter of the last financial year. Total income increased to Rs 13,092.44 crore in the quarter under review, which was Rs 11,108.16 crore in the same quarter of the last financial year.