Stocks in Focus Today:Today i.e. on May 10, 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 SBI, BPCL, Tata Motors, IOB, Happiest Minds, Maruti Suzuki, Asian Paints, PNB, TVS Motor, HPCL, ICICI Lombard, Eicher Motors, Cipla, Union Bank of India, Bank of Baroda, Bank of India. Shares like , ABB India, Dilip Buildcon, Aarti Industries, Finolex Industries, Kalyan Jewellers, Dr Lal PathLabs, Polycab are included.
Tata Motors results will come today
Today i.e. on 10th May 2024, Tata Motors and Eicher Motors are going to release their quarterly results. Apart from these, results of Cipla, Union Bank of India, Bank of Baroda, Bank of India, ABB India, Dilip Buildcon, Aarti Industries, Kalyan Jewellers, Dr Lal PathLabs, Polycab India will also be released today.
SBI
The profit of State Bank of India (SBI) increased by 18.18 percent to Rs 21384.15 crore in the fourth quarter of the last financial year 2023-24. In the fourth quarter (January-March) of the financial year 2022-23, it was Rs 18,093.84 crore. The total income of the bank increased from Rs 1.06 lakh crore to Rs 1.28 lakh crore on an annual basis. During this period, the operating expenses of the bank increased from Rs 29,732 crore to Rs 30,276 crore on an annual basis.
BPCL
Bharat Petroleum Corporation Limited has announced the issuance of bonus shares to its existing shareholders in the ratio of 1:1. Along with this, the company will also give pre-bonus dividend at the rate of Rs 21 per share to its shareholders. After the bonus issue, this dividend will come to Rs 10.50 per share. The consolidated net profit of the company during the fourth quarter of the financial year 2023-24 stood at Rs 4,789.57 crore, which is 30 percent less as compared to the same quarter last year.
Maruti Suzuki
Maruti Suzuki India said it will continue to ‘reenergize’ the small car segment as it is expected to pick up momentum again in the next few years. The company has introduced a new model of the popular car Swift. Maruti aims to meet the diverse needs of customers and is aiming to sell 40 lakh units by the year 2030-31.
Asian Paints
The profit of Asian Paints Limited has increased by 1.34 percent to Rs 1275.3 crore in the January-March quarter of the last financial year 2023-24. The company’s profit in the fourth quarter (January-March) of the financial year 2022-23 was Rs 1258.41 crore. Operating income in the quarter under review stood at Rs 8730.76 crore, whereas in the same quarter last year it was Rs 8787.34 crore. Total expenditure increased to Rs 7,319.1 crore.
pnb
The profit of public sector Punjab National Bank (PNB) increased almost 3 times to Rs 3010 crore in the January-March quarter of the last financial year 2023-24. The bank’s profit has increased due to increase in interest income and reduction in bad loans. Total income increased to Rs 32,361 crore which was Rs 27,269 crore in the same period last year. Interest income increased to Rs 28,113 crore from Rs 23,849 crore a year ago in the January-March quarter of 2022-23.
