Stocks in Focus Today :Today i.e. on 6th 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 Titan Company, MM, Tata Motors, Paytm, Kotak Mahindra Bank, Adani Ports, D-Mart, REC, Godrej Properties, HDFC Bank, JK Bank, SJVN, Tata Power, IDBI Bank, INOX Wind, Raymonds, Shares like MRF, Lupine, Marico, Gujarat Gas, Happiest Minds, Arvind, Indian Bank are included.
Titan Company
The profit of Titan Company has increased by 5 percent to Rs 771 crore in the March quarter of the last financial year. The company’s profit in the same quarter a year ago was Rs 736 crore. The total income of the company increased to Rs 11,472 crore in the March quarter, which was Rs 9,419 crore in the same quarter last year. The company’s profit for the entire financial year 2023-24 was Rs 3496 crore.
Tata Motors, MM
Mahindra & Mahindra (M&M) and Tata Motors have received a record number of patent approvals related to product and process innovations in the last financial year. M&M got 674 approvals, which is its best performance in a year. At the same time, Tata Motors has also received 333 patent approvals during the financial year 2023-24.
Paytm
Bhavesh Gupta, President and Chief Operating Officer of Paytm’s parent company One97 Communications, has resigned from the company. The company gave this information in an official statement. Fintech firm Paytm has appointed Rakesh Singh as Chief Executive Officer of Paytm Money as part of a senior management reshuffle. The company has made Varun Sridhar, who was heading Paytm Money till now, as the CEO of Paytm Services.
Kotak Mahindra Bank
Kotak Mahindra Bank’s profit has increased by 25 percent to Rs 5,302 crore in the March quarter of the last financial year. The bank’s profit on standalone basis has increased by 18 percent to Rs 4,133 crore. In the entire last financial year, profit has increased by 22 percent to Rs 18,213 crore. The company’s net interest income increased by 13 percent to Rs 6,909 crore in the March quarter. This also contributes to 20 percent growth in loans and decline in net interest margin to 5.28 percent.
D-Mart
The profit of Avenue Supermarts Limited has increased by 22.39 percent to Rs 563 crore in the March quarter of the last financial year. Avenue Supermarts owns and operates D-Mart stores. The total income of the company has increased to Rs 12,727 crore in the March quarter, which was Rs 10,594 crore in the same quarter last year.
HDFC Bank
The Reserve Bank of India has approved the re-appointment of Atanu Chakraborty as part-time Chairman of HDFC Bank for 3 years with effect from May 5 this year.
