Stocks in Focus Today :Today i.e. on August 1, 2024, some stocks (stocks in news) are ready to show action. Due to positive triggers, these stocks can 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 these (Stocks in Focus). Today’s list includes stocks like Maruti Suzuki, Infosys, Tata Steel, Adani Power, BHEL, Mahindra and Mahindra, Mankind Pharma, Bank of Baroda, Ambuja Cement, Hero MotoCorp, L&T, Sansera Engineering, Wipro, GE T&D, Vedanta Limited, Techno Electric, Bharat Forge, GE Power, BirlaSoft, Coal India, Crompton Greaves Electricals, Godrej Properties.
Maruti Suzuki
Maruti Suzuki India’s profit in the first quarter of the current financial year 2024-25 increased by 47 percent to Rs 3650 crore. In the same quarter last year, the company had a profit of Rs 2485 crore. The company’s net sales increased to Rs 33,875 crore, from Rs 30,845 crore in the same period a year ago. In the June quarter, the company sold 5,21,868 vehicles, which is 5 percent more than the same period of the previous financial year.
Infosys
The country’s second largest IT company Infosys has received a notice regarding alleged GST evasion of about Rs 32,403 crore. In a notice given to BSE, the company said that the Karnataka State GST Authority has issued a notice regarding GST payment of about Rs 32,403 crore. This matter is between July 2017 and March 2022. The company has also received a show cause notice on this matter.
Tata Steel
Tata Steel’s profit in the June quarter increased by 75 percent to Rs 918.57 crore. The company has been able to register higher profits due to reduction in expenses. In the same quarter a year ago, the company had a profit of Rs 524.85 crore. The company’s total income decreased to Rs 55,031.30 crore, which was Rs 60,666.48 crore in the same quarter a year ago.
Adani Power
Adani Power’s profit in the June quarter fell 55 per cent year-on-year to Rs 3913 crore. The company had earned a profit of Rs 8759 crore in the first (April-June) quarter of FY 2023-24. The company’s total income declined to Rs 15,474 crore from Rs 18,109 crore in the same quarter last year. Total expenses increased to Rs 10,568.44 crore from Rs 9,309.39 crore in the same period a year ago.
Mahindra and Mahindra
Mahindra & Mahindra’s profit increased by 20 per cent year-on-year to Rs 3,283 crore in the first quarter of the current financial year 2024-25. The company had a profit of Rs 2745 crore in the same quarter a year ago. Revenue grew 10 per cent year-on-year to Rs 37,218 crore, from Rs 33,892 crore in the same period last year.
Ambuja Cement
Adani Group company Ambuja Cements Limited’s profit stood at Rs 789.63 crore in the first quarter of the financial year 2024-25. The company’s profit in the same quarter a year ago was Rs 1135.46 crore. Operating income stood at Rs 8,311.48 crore, which was Rs 8,712.90 crore in the same period of the previous financial year.
