Today some stocks can show a lot of action in the stock market. Due to better results or any positivity trigger, these stocks are expected to have a lot of movement today.
Stocks in Focused News: Today some stocks can show action in the stock market. Due to better results or any positivity trigger, these stocks are expected to have a lot of movement today. In such a situation, if you are looking for a better stock in intraday, then you can keep an eye on them. The stocks which can see an interest today include names like ITC, Adani Power, Titan, SBI, India Pesticides, EIH, Lupine, Dishman Carbogen Amcis, M&M Financial, PI Industries, Vedant Fashions IPO, Route Mobile. Most of these have produced better than expected or predictable results in the December quarter. At the same time, the IPO of Vedanta Fashion is going to open today. While the results of SBI are expected to be better on Saturday.
ITC
ITC, a powerful company in the FMGC sector, has released its quarterly results. The profit of the company has increased from Rs.3687.88 crores to Rs.4156.20 crores on a year-on-year basis. At the same time, the revenue of the company has increased from Rs.15,862.32 crores to Rs.15,862.32 crores on an annual basis. After the results, the shares of ITC can be seen today. Anyway, in the budget, the government has not increased any tax on cigarettes or tobacco, which is positive for ITC’s business.
Adani Power
Adani Power’s December quarter has been great. During this the company has come out of loss and has turned into profit. The company has made a profit of Rs 218.5 crore in the December quarter. Whereas in the same quarter a year ago, the company had a loss of Rs 288.7 crore. crore in Q3FY21, reveHowever, the company’s revenue declined from Rs 6894.8 crore to Rs 5360.9 crore on a year-on-year basis.
Titan
December quarter has also been better for Titan. The profit of this Tata Group company has increased by 136 percent year-on-year in the December quarter. Titan made a profit of Rs 987 crore in the December quarter, which was Rs 419 crore in the same quarter a year ago. The company’s income has also increased by more than 30 percent. The jewelery business grew at 37 per cent year-on-year and stood at Rs 8563 crore. The watch and wearables business grew by 29 per cent year-on-year and sales stood at Rs 708 crore. Eyewear grew 26 per cent.
SBI
The quarterly results of the country’s largest state-run bank SBI are to come on Saturday, February 5. Strong profit is expected from the bank in this quarter. The performance of each vertical of the bank can be very good. It is believed that SBI will get the most benefit of economic recovery. In such a situation, action can be seen in the stock of the bank today.
India Pesticides
December quarter has also been better for India Pesticides. The company’s profit has increased from 42.08 crores to Rs 43.17 crores on an annual basis during this period. At the same time, the company’s revenue during this period has been Rs 190.03 crore, which was Rs 178.47 crore in the same quarter a year ago.
EIH
The EIH results have been predictable. The company has turned profit from loss. Has made a profit of Rs 40.8 crore in the December quarter. Whereas in the same quarter a year ago, the company had a loss of Rs 55.78 crore. There has been a growth of 103% in the revenue of the company. Revenue has increased from 179.16 crores to 365.38 crores on an annual basis.
Lupine
Pharma company Lupine’s December quarter results were as per estimates. The company has made a profit of Rs 545 crore during this period. While the revenue of the company has been Rs 4161 crore.
Dishman Carbogen Amcis
The company has made a profit of Rs 35.4 crore in the December quarter. Whereas in the same quarter a year ago, the company had a loss of Rs 16.1 crore. The company’s revenue has been Rs 562.1 crore as against Rs 468.6 crore in the same quarter a year ago.
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