Stocks in News: Today these stocks including Titan, Bank of Baroda, Tata Motors, Bandhan Bank will show action, keep an eye on intraday

Stocks in Focus Today : Today i.e. on 8th July 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 Titan Company, Bank of Baroda, Tata Motors, IndusInd Bank, Bandhan Bank, Adani Wilmar, JSW Energy, Signature Global, Torrent Power, Kalyan Jewellers, Nykaa, JM Financial, Infosys, MCX, Aditya Birla Capital, Power Grid Corporation, Federal Bank, Coforge, PC Jeweller.

Titan Company

Jewellery and watch giant Titan’s revenue growth was 9 per cent in the June quarter. The Tata Group company said it opened 61 new stores in the April-June quarter. This brought the company’s total store count to 3096. The jewellery segment accounts for nearly three-fourths of Titan’s total business. During the June quarter, the segment grew 9 per cent in the domestic market and the company opened 34 jewellery stores. The company said double-digit growth was witnessed on the occasion of Akshaya Tritiya (Tanishq secondary sales) as compared to the same period last year. However, high gold prices and their continued strength impacted consumer demand.

Bank Of Baroda

The Bank received Board approval to raise additional capital up to Rs 7,500 crore through debt capital options and up to Rs 10,000 crore through long term bonds to finance infrastructure and affordable housing.

Tata Motors

Jaguar Land Rover reported 5 per cent growth in wholesales to 97,755 units and 9 per cent growth in retail sales to 1.11 lakh units for Q1FY25. Wholesale sales of Range Rover and Range Rover Sport models grew 22 per cent and 46 per cent year-on-year.

IndusInd Bank

Indusind Bank’s net advances grew 16 percent year-on-year to Rs 3.48 lakh crore in the June quarter. While total deposits grew 15 percent year-on-year to Rs 3.98 lakh crore. The CASA ratio stood at 36.7 percent, which was 37.9 percent earlier.

JSW Energy

JSW Energy Chairman and Managing Director (CMD) Sajjan Jindal said the company has planned capex of Rs 15,000 crore during the current financial year. Jindal told shareholders at the Annual General Meeting (AGM) that the company plans to spend about Rs 1,15,000 crore to reach the target of 20 gigawatt (one gigawatt equals 1,000 megawatts) generation and 40 gigawatt hours of storage under ‘Strategy 2.0’.

Bandhan Bank

Private sector Bandhan Bank has appointed its executive director and chief operating officer Ratan Kumar Kesh as interim managing director (MD) and CEO from July 10. The bank’s current MD, CEO and founder Chandrashekhar Ghosh will retire on July 9. Ratan Kumar Kesh will be the interim MD and CEO for three months or until a new incumbent takes charge, whichever is earlier.