Stocks in Focus Today: Today i.e. on 7th November 2024, some stocks (Stocks in News) are ready to show action. Due to positive trigger, these shares may 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 them (Stock in Focus). Today’s list includes Tata Steel, JSPL, Power Grid Corporation, Apollo Hospitals, Reliance Power, Mahindra & Mahindra, Lupine, Hindustan Zinc, UltraTech Cement, Rail Vikas Nigam, SpiceJet, Alembic Pharma, Escorts Kubota, Indian Hotels, NHPC, Aavas. Shares like Financiers, Abbott India, Aditya Birla Fashion and Retail, Astral, Cochin Shipyard, Cummins India, Emami, IRCON, NCC, Page Industries, SAIL, Trent, Va Tech Wabag are included.
Mahindra & Mahindra, Lupine
Today, on 7 November 2024, the quarterly results of Mahindra & Mahindra, Lupine and Indian Hotels will be released. Apart from these, results of Alembic Pharma, Escorts Kubota, NHPC, Aavas Financiers, Abbott India, Aditya Birla Fashion, Cochin Shipyard, Cummins India, Emami, IRCON, NCC, Page Industries, Rail Vikas Nigam, SAIL, Trent and Va Tech Wabag will also come. .
Tata Steel
Tata Steel’s profit in the September quarter was Rs 758.84 crore. The company has returned to profit due to reduced expenses. The company had incurred a loss of Rs 6,511.16 crore in the same period last year. The total income of the company declined to Rs 54,503.30 crore, which was Rs 55,910.16 crore in the same period a year ago. Tata Steel’s expenses declined from Rs 55,853.35 crore to Rs 52,331.58 crore on an annual basis.
JSPL
Jindal Steel and Power Limited (JSPL)’s profit fell 38 percent to Rs 860 crore in the July-September quarter. In the same quarter of the last financial year, the company’s profit was Rs 1390 crore. The total income of the company declined to Rs 13,025 crore in the September quarter this year, which was Rs 14,128 crore in the same quarter of the last financial year.
Power Grid Corporation
The profit of public sector Power Grid Corporation of India (PGCIL) remained almost stable at Rs 3793.02 crore in the September quarter. The company’s profit in the second quarter (July-September) of the last financial year 2023-24 was Rs 3,781.42 crore. Total income increased to Rs 11,845.93 crore, which was Rs 11,530.43 crore in the same quarter a year ago. The company’s board of directors also approved the payment of first interim dividend of Rs 4.50 on each share of face value Rs 10 for the financial year 2024-25.
Apollo Hospitals
Apollo Hospitals’ profit increased by 63 percent to Rs 379 crore in the September quarter. The company’s profit in the same quarter of the last financial year was Rs 233 crore. Operating income has increased by 15 percent to Rs 5589 crore. The company said that its EBITDA increased by 30 percent to Rs 816 crore in the September quarter.
Reliance Power
The company’s unit Rosa Power repaid a loan of Rs 485 crore to Varde Partners. The company has now become a zero debt company after paying off its outstanding debt by paying Rs 1,318 crore to Varde before the deadline. The company will explore development opportunities in the clean green energy sector.
Hindustan Zinc
The government will use the oversubscription option in the offer for sale. The offer for sale comprised a base offer of 1.25% stake with a greenshoe option of an additional 1.25%, with the floor price fixed at Rs 505 per share.
