Stocks in Focus Today: Today i.e. on May 14, 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 Infosys, Zomato, UPL, Bharti Airtel, Karur Vyasa Bank, Jindal Steel, DLF, KPI Green Energy, Varun Beverages, Shriram Finance, Sanofi India, Cochin Shipyard, RVNL, Shree Cement, Siemens, Apollo Tyres, Bajaj. Shares like Electricals, Colgate-Palmolive (India), Bharti Hexacom, PVR Inox, Devyani International, Patanjali Foods are included.
Bharti Airtel
Bharti Airtel’s quarterly results will be released today i.e. on 14 May 2024. Apart from these, results of Shree Cement, Siemens, Apollo Tyres, Bajaj Electricals, Colgate-Palmolive (India), Bharti Hexacom, PVR Inox, Devyani International, Ideaforge Technology, Patanjali Foods and Radico Khaitan will also come today.
Infosys
The Canadian government has imposed a fine of more than 1.34 lakh Canadian dollars (approximately Rs 82 lakh) on IT company Infosys for alleged short payment of employee health tax. This fine has been imposed on the company for the year 2020. Infosys received an order in this regard from the Finance Ministry of Canada on May 9. The company said in the information given to the stock market that this has not affected the financial, operational or other activities of the company.
Zomato
Online food delivery platform Zomato Limited has earned a profit of Rs 175 crore in the March quarter of the last financial year. The company had suffered a loss of Rs 188 crore in the same quarter of FY 2023. The integrated operating income of the company stood at Rs 3,562 crore, which was Rs 2056 crore in the same quarter a year ago. The company’s total expenses for the quarter ending March 2024 stood at Rs 3636 crore, which was Rs 2431 crore in the same period last year.
upl
The profit of leading agrochemical company UPL Limited for the quarter ended March has fallen by a huge 95 percent to Rs 40 crore. The company had earned a profit of Rs 792 crore in the same quarter a year ago. The company said that its revenue during the quarter stood at Rs 14,078 crore, which is 15 percent less than the figure of Rs 16,569 crore in the fourth quarter of the previous financial year.
Jindal Steel
The profit of Jindal Steel and Power Limited (JSP) for the fourth quarter of the last financial year ended in March doubled to Rs 933 crore. The company’s profit has increased due to reduction in expenses. The total income of the company during the quarter stood at Rs 13,521.31 crore. JSP reduced its expenses to Rs 12,357.99 crore from Rs 12,748.70 crore a year ago.
KPI Green Energy
KPI Green Energy said its board of directors has approved the proposal to raise up to Rs 1,000 crore by issuing shares through qualified institutional placement (QIP). Informing the stock market about this decision, the company active in the renewable energy sector said that this proposal will now be placed for the approval of the shareholders.
