Stocks in News: Today these shares including HDFC Bank, RIL, ONGC, Paytm will be in focus, action will be seen in intraday.

Stocks in Focus Today:Today i.e. on 22 May 2024, some stocks (stocks in news) are ready to show action. Due to positive trigger, these shares may remain in focus (stocks to watch) in the market today. If you are looking for better stocks in intraday then you can keep an eye on them (Stock in Focus). Today’s list includes HDFC Bank, RIL, ONGC, Paytm, JK Tyre, IRCON, BHEL, Sobha, Deepak Nitrite, PI Industries, Ramco Systems, Grasim Industries, Sun Pharma, Power Grid Corporation, Nykaa, Ashoka Buildcon, Dhanlaxmi Bank, Shares like Gland Pharma, Jubilant FoodWorks, Minda Corporation, Petronet LNG, Torrent Power are included.

Paytm, Nykaa results today

Quarterly results of Paytm, Nykaa will be released today on 22 May 2024. Apart from these, results of Grasim Industries, Sun Pharma, Power Grid Corporation, Ashoka Buildcon, Dhanlaxmi Bank, GE Power India, Gland Pharma, HEG, Jubilant FoodWorks, Minda Corporation and Torrent Power will also come today.

HDFC Bank

Private sector HDFC Bank sold its entire 3.20 per cent stake in Proteus eGov Technologies for Rs 150 crore through an open market deal. According to data available with BSE, HDFC Bank sold 12,94,326 shares. This protein is equivalent to 3.20 percent stake in eGov Technologies. The shares were sold at an average price of Rs 1,160.15. Nippon India Mutual Fund bought 12.78 lakh shares or 3.16 percent stake in Proteus eGov Technologies for Rs 148 crore.

RIL

Reliance Industries has signed an agreement with Norway’s Nel ASA to acquire technology for manufacturing hydrogen electrolyzer. Electrolyzer is used to produce green hydrogen. The agreement with Nel Hydrogen Electrolyzer AS provides Reliance with an exclusive license for Nel’s alkaline electrolyzer in India, the Norwegian company said in a statement.

ONGC

The profit of public sector company ONGC for the fourth quarter (January-March) of the last financial year increased 19 times to Rs 9869 crore. Due to this, the company had to make a huge lump sum provision in the same period last year, due to which its profits were low. The company’s profit in the same quarter of the last financial year was Rs 528 crore. Operating income declined by 4.6 percent to Rs 34,637 crore.

IRCON

Public sector engineering and construction company IRCON International Limited’s profit increased by 15.1 percent to Rs 285.68 crore in the March 2024 quarter. It had earned a profit of Rs 248.18 crore in the same quarter a year ago. The company’s profit increased by 21.5 percent to Rs 930 crore for the entire financial year 2023-24, while it was Rs 765 crore in the financial year 2022-23.

BHEL

The profit of public sector company Bharat Heavy Electrical Limited (BHEL) fell by more than 25 percent to Rs 489.6 crore in the March quarter. In the same quarter of the last financial year, the company had earned a profit of Rs 658.02 crore. The total expenses of the company increased to Rs 7794.11 crore, which was Rs 7411.64 crore in the same period a year ago. During this period, the total income of the company increased marginally from Rs 8,338.61 crore to Rs 8,416.84 crore on an annual basis.