Stocks in Focus Today: Today i.e. on 9th 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 RIL, SBI, Larsen and Toubro, Tata Power, TVS Motor, Hero Motocorp, Canara Bank, Bharat Forge, HDFC Life Insurance Company, BSE, Pidilite Industries, HPCL, Rain Industries, Escorts Kubota, BPCL, Asian Paints. Shares like , Alkyl Amines, PNB, Relaxo Footwears, Mahanagar Gas, CAMS, Alembic Pharma are included.
SBI results will be released today
SBI’s quarterly results will be released today, May 9, 2024. Apart from this, quarterly results of HPCL, Rain Industries, Escorts Kubota, BPCL, Asian Paints, Alkyl Amines, Relaxo Footwears, Indian Overseas Bank, PNB, Mahanagar Gas, CAMS, Alembic Pharma will also be released today.
RIL
Reliance Industries Limited (RIL) said that it has acquired one of its subsidiaries engaged in the manufacturing of petrochemicals and hydrogen for Rs 314.48 crore. The acquired Reliance Chemicals and Materials Limited (RCML) is a wholly-owned subsidiary of Reliance Projects and Property Management Services Limited (RPPMSL), a company-owned entity.
Larsen and Toubro
The profit of Larsen & Toubro, a leading company in the engineering and construction sector, has increased by 10.2 percent to Rs 4396.12 crore in the March quarter of the financial year 2023-24. The company’s profit has increased mainly due to increase in income. The company’s income during this period was Rs 68,120.42 crore which was Rs 59,076.06 crore in the same quarter a year ago. The total order book is approximately Rs 4.75 lakh crore.
Tata Power
Tata Power’s profit in the fourth quarter of the last financial year has increased by 11 percent on annual basis to Rs 1,046 crore. The company’s profit has increased mainly due to increase in income. A year ago, it had made a profit of Rs 939 crore in the January-March quarter of 2022-23. Tata Power has planned a capital expenditure of Rs 20,000 crore in the current financial year (2024-25). This is 66 percent more than the last financial year.
TVS Motor
TVS Motor Company’s profit for the fourth quarter of the last financial year ending March 2024 has increased by 15 percent to Rs 387 crore. The company’s operating income increased to Rs 10,042 crore, which was Rs 8,031 crore in the same quarter a year ago. The company said that its total two-wheeler and three-wheeler sales, including exports, increased by 22 percent to 10.63 lakh units in the fourth quarter.
Canara Bank
The profit of public sector Canara Bank for the fourth quarter of the last financial year (2023-24) increased by 18 percent to Rs 3,757 crore. This Bengaluru-based bank had earned a profit of Rs 3175 crore in the fourth quarter (January-March) of the financial year 2022-23. In the quarter under review, the total income of the bank increased to Rs 34,025 crore which was Rs 28,685 crore in the same quarter last year.
