Stocks in Focus Today:Today i.e. on 9th October 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 Torrent Power, Infosys, Sobha, Signature Global, Tata Motors, Dr Reddy’s Lab, PB Fintech, IRFC, Nuvama Wealth Management, IRB Infrastructure, Namo eWaste Management, Timken India, Schneider Electric Infrastructure, Bharti Airtel, SKF India. Shares like , Premier Energies, JSW Infrastructure, Tata Technologies, Welspun Enterprises are included.
Torrent Power
Torrent Power has received the contract for supply of 2000 MW energy storage capacity from the Government of Maharashtra. Torrent Power said the 2000 MW capacity includes the 1500 MW order received last month. For this, MSEDCL had issued a letter of intent on September 17. Apart from this, the company has received an order for supply of 500 MW capacity under tender. With this the total supply order has reached 2000 MW capacity.
Infosys
The digital services and consulting company has announced collaboration with Nasdaq-listed Old National Bank for strategic expansion. Old National will leverage Infosys’ services, solutions and platforms for operational transformation and process digitalization powered by automation and generative AI (GenAI).
Sobha
Despite strong housing demand from real estate company Shobha Limited, sales bookings in the July-September quarter declined by 32 percent to Rs 1178.5 crore. Its sales booking in the second (July-September) quarter of the current financial year stood at Rs 1178.5 crore, whereas it was Rs 1723.8 crore in the same period a year ago. The company said that in the second quarter of the current financial year 2024-25, we sold 9.3 lakh square feet of new area at a selling price of Rs 11.79 billion at an average price of Rs 12,674 per square foot.
Signature Global
The real estate developer recorded a growth of 184 per cent year-on-year in pre-sales, which stood at Rs 2780 crore. However, pre-sales declined by 11 per cent quarter-on-quarter in Q2FY25. The company sold 2.38 million square feet in the second quarter, up 143 per cent year-on-year and 27 per cent quarter-on-quarter. Collection during the September 2024 quarter increased by 28 percent on an annual basis to Rs 920 crore.
Tata Motors
Tata Motors’ wholesale sales in the second quarter of the current financial year 2024-25 have declined by 11 percent on an annual basis to 3,04,189 units. This also includes figures for Jaguar Land Rover (JLR). The company said in the statement that the global wholesale sales of passenger vehicles of Tata Motors in the second quarter of the financial year 2024-25 stood at 1,30,753 units, which is 6 percent less as compared to the second quarter of the financial year 2023-24. Similarly, Jaguar Land Rover’s global wholesales stood at 87,303 units, which is 10 percent less than the same period last year.
PB Fintech
The Insurance Regulatory and Development Authority of India (IRDAI) inspected Policybazaar insurance web aggregator (now Policybazaar Insurance Brokers, a wholly owned subsidiary of PB Fintech) from June 1 to June 5, 2020. Following the inspection, the regulator issued a show cause notice to the subsidiary highlighting certain observations. The notice is not expected to have any significant financial impact on the company.
IRFC
IRFC Board has approved financing up to Rs 700 crore for NTPC under finance lease for 20 BOBR rakes purchased under the General Purpose Wagon Investment Scheme (GPWIS) of the Ministry of Railways. The board has also appointed Ajoy Chaudhary as Chief Risk Officer for a fixed tenure of 2 years.
