Stocks in Focus Today : Today i.e. on 5th 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 Titan Company, Infosys, SBI, Zomato, Amara Raja Energy, Britannia Industries, LIC Housing, JK Tyre, Mahindra & Mahindra, SJVN, Power Grid Corporation, Bank of India, Ambuja Cements, Divis Lab, IOC, BPCL, HPCL.
Titan Company
The profit of Titan, a leading jewellery retailer and watch manufacturer, has fallen by 5.42 percent to Rs 715 crore for the June quarter of the current financial year. The company’s profit was Rs 756 crore in the same quarter of the last financial year. However, the company’s sales increased by 12.64 percent to Rs 12,223 crore, which was Rs 10,851 crore in the same quarter last year. Titan’s total expenditure has increased by 12.75 percent to Rs 12,413 crore in the June quarter. The company’s total income has increased by 11.44 percent to Rs 13,386 crore in the June quarter.
Infosys
Infosys said that the Goods and Services Tax Intelligence (DGGI) is closing the pre-show cause notice proceedings of Rs 3898 crore for the financial year 2017-2018. On July 31, India’s second largest IT company had received a demand from DGGI for alleged tax evasion of more than Rs 32,000 crore.
SBI
State Bank of India’s (SBI) profit rose 4.25 percent to Rs 19,325 crore in the April-June quarter of the current financial year. On a consolidated basis, the bank’s profit remained almost stable at Rs 17,035 crore in the June quarter. The bank’s prime interest income grew 5.71 percent to Rs 41,125 crore. The bank’s other income declined to Rs 11,162 crore in the June quarter from Rs 12,063 crore in the same quarter a year ago.
Zomato
Zomato, a platform that delivers food items on online orders, has collected Rs 83 crore as platform fees from customers till March this year. This has been said in the company’s annual report. Zomato started charging platform fee on every order in August last year. Platform fee is said to be one of the three major factors increasing Zomato’s adjusted revenue. The company’s revenue grew 27 per cent year-on-year to Rs 7792 crore in the last financial year (2023-24).
Britannia Industries
Britannia Industries Limited’s profit has increased by 10.85 percent to Rs 504.88 crore in the June quarter. The company had earned a profit of Rs 455.45 crore in the April-June quarter a year ago. Income from product sales has increased by 4.03 percent to Rs 4,129.92 crore in the June quarter. The company said that its operating income has increased by 5.97 percent to Rs 4,250.29 crore in the June quarter.
