Stocks in Focus Today:Today i.e. on 23 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 Zomato, Paytm, Indus Towers, Bajaj Finance, HUL, SBI Life, Reliance Infra, Adani Energy Solutions, Hyundai Motor India, Bharti Airtel, NHPC, Power Grid Corporation, Bajaj Finserv, Aster DM, AU SFB, Birla Shares like Corp, Birlasoft, Godrej Properties, CARE, Fino Payments Bank, KPIT Tech, Karnataka Bank, Metro Brands, Navin Fluorine, Piramal Enterprises, TVS Motor, VIP Industries are included.
HUL and SBI Life results today
Today on 23 October 2024, the quarterly results of HUL, Bajaj Finserv and SBI Life Insurance Company will be released. Apart from these, today Aster DM Healthcare, AU SFB, Birla Corporation, Birlasoft, Godrej Properties, CARE, Craftsman Automation, Fino Payments Bank, Heritage Foods, KPIT Tech, Karnataka Bank, Metro Brands, Navin Fluorine, Piramal Enterprises, TVS Motor, VIP Results of industries will also come.
Zomato
The profit of online food supply company Zomato was Rs 176 crore in the September quarter. Zomato’s board of directors has also approved raising Rs 8,500 crore through eligible institutional allotment of equity shares. The operating revenue of the company was Rs 4799 crore. The total expenditure during this period was Rs 4783 crore, whereas the expenditure in the same period a year ago was Rs 3039 crore. The company had acquired OTPL and WEPL from One97 Communications Limited (Paytm) in August.
Paytm
The September quarter net profit of Paytm’s parent company One97 Communications was Rs 930 crore. Whereas in the same quarter a year ago, the company had suffered a loss of Rs 290 crore. The company has made profit due to the gains from selling its entertainment ticketing business to Zomato. Without exceptional gains, Paytm remained in the red at Rs 495 crore loss in the September quarter, 70 per cent higher than last year. However, Paytm has been successful in reducing losses on quarterly basis. The company had suffered a loss of Rs 840 crore in the last June quarter. The company’s income has increased by 10.5 percent on annual basis to Rs 1660 crore.
Indus Towers
Indus Towers’ profit for the quarter ending September 2024 increased by 71.7 percent on an annual basis to Rs 2224 crore. The company’s income during the quarter was Rs 7465 crore, which is 4.7 percent higher on an annual basis.
Bajaj Finance
Bajaj Finance’s profit in the second quarter of the current financial year has increased by 13 percent to Rs 4014 crore. The non-banking finance company had made a profit of Rs 3551 crore in the same quarter a year ago. The total income of the company increased to Rs 17,095 crore compared to Rs 13,382 crore in the same period a year ago. Total expenditure increased to Rs 11,697 crore which was Rs 8,624 crore in the same period a year ago.
Reliance Infra
Anil Ambani-led Reliance Group company Reliance Infrastructure announced setting up an integrated project to manufacture explosives, ammunition and small arms in Ratnagiri, Maharashtra. The company said in the statement that it will invest more than Rs 10,000 crore in this project in the next 10 years. Reliance Infrastructure, through its subsidiaries, has exported defense equipment worth more than Rs 1,000 crore in the recent past.
Adani Energy Solutions
The profit of Adani Energy Solutions Limited (AESL) for the second quarter of the current financial year 2024-25 has increased almost 3 times to Rs 773.39 crore. In the second quarter (July-September) of the last financial year, the company’s profit was Rs 284.09 crore. The company said, its total income during the period under review increased to Rs 6,359.80 crore, whereas it was Rs 3,766.46 crore in the same quarter last year.