Before the market opens, one should keep an eye on those stocks, in which due to any news or positive trigger, there can be action in the business. Anyway, earning season is going on right now and companies are releasing quarterly results every day.
Stocks in Focus Today: Before the market opens, one should keep an eye on those stocks, in which action can remain in business due to any news or positive trigger. Anyway, earning season is going on right now and companies are releasing quarterly results every day. Companies that have better financial performance are expected to take action after the results. At the same time, there are some stocks, in which there may be movement due to any positive trigger. Here we have listed some such stocks, which include ONGC, Ashok Leyland, TVS Motor, Dr Reddy’s Labs, VA Tech Wabag, Indigo Paints and Kalpataru Power Transmission. If you want to earn money by investing in intraday, then you can keep an eye on these stocks.
ONGC
The December quarter was better for the oil company. The company’s revenue has increased by 45 percent year-on-year to Rs 1,45,685 crore. At the same time, the company’s profit increased by 220 percent to Rs 11,637 crore. The company’s profits grew strongly due to strong EBITDA margins. The EBITDA margin grew by 350 bps year-on-year to 14.7 percent.
Dr Reddy’s Labs
Dr Reddy’s has tied up with Novartis India. Through this deal, the company will publish and distribute certain products of Novartis.
Ashok Leyland
The company has turned profit from loss. The company has made a profit of 6 crores in the December quarter, while there was a loss of 19 crores in the same quarter a year ago. Revenue is increasing by 15 percent year-on-year to 5535 crores.
TVS Motor
There may be a stir in TVS Motor today. Promoter Sundaram Clayton on Friday sold 2 percent or about 95 lakh shares on the BSE through open market transactions at a price of Rs 635.97 per share. Now his stake in the company has come down from 52.26 per cent to 50.26 per cent.
VA Tech Wabag
VA Tech Wabag, a water solutions company, reported a 19.6 per cent year-on-year increase in profit at Rs 45.49 crore. Whereas the EBITDA margin has seen an improvement of 180 bps and has become 10.6 percent. However, revenue declined by 6.3 per cent to Rs 745.48 crore.
Kalpataru Power Transmission
The company’s profit fell 12.3 per cent on a year-on-year basis to Rs 270 crore in the December quarter. At the same time, revenue grew by 11 percent on an annual basis to Rs 3889 crore.
Indigo Paints
The profit of the paint company increased by 29.4 percent on a year-on-year basis to 24. Revenue of Rs 30 crore. Whereas on an annual basis, the revenue has increased by 26.6 percent to Rs 265.46 crore.
Force Motors
The company’s losses have increased. On an annual basis, it increased from about Rs 15 crore to Rs 39.90 crore. This has happened due to the increase in the prices of raw materials. At the same time, the revenue has increased by 57 percent to Rs 778 crore.
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