Due to quarterly results or any positive trigger, as usual, some stocks are going to see strong action in the stock market today. If you are thinking of making profit in intraday then you can keep an eye on these trending stocks.
Stocks in Focused News: Due to the earning season, there is a movement in many stocks in daily trading. Due to quarterly results or any positive trigger, as usual, some stocks are going to see strong action in the stock market today. If you are thinking of making profit in intraday then you can keep an eye on these trending stocks. The stocks that can see action today include names like City Union Bank, Paytm, Minda Corporation, Shree Cement, Tata Steel, CMS Info Systems, Ingerglobe Aviation, Cipla, FDC, Bank of Baroda and Aarti Industries. 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. Whereas SBI’s results are expected to be better on Saturday.
City Union Bank
The December quarter has been a good one for City Union Bank. The bank has made a profit of Rs 196.11 crore in this quarter. Whereas in the same quarter a year ago, the bank’s profit was Rs 169.93 crore. At the same time, the net interest income of the bank increased marginally on a year-on-year basis to Rs 489.97 crore in the December quarter.
Paytm
In today’s business, the shares of fintech major company Paytm can see a rise. There has been a growth of 89 percent in the revenue of Paytm on an annual basis and it has been Rs 1456 crore. However, the company has incurred a loss of Rs 778 crore during this period.
Minda Corporation
Minda Corp reported a profit of Rs 69.9 crore in the December quarter, as against Rs 49.5 crore in the year-ago quarter. However, the company’s revenue has come down from Rs 739.8 crore to Rs 738.3 crore on an annual basis.
Shree Cement
The December quarter has been positive for Shree Cement. During this period, the company’s loss on an annual basis has come down from Rs 631.58 crore to Rs 482.70 crore. At the same time, the revenue has increased from Rs 3557.21 crore to Rs 3637.11 crore.
Tata Steel
Tata Steel has made a profit of Rs 9,572.67 crore in the December quarter. Whereas in the same quarter a year ago it was Rs 3,697.22 crore. The company’s revenue has increased from Rs 41,935.21 crore to Rs 60,783.11 crore during this period.
CMS Info Systems
CMS Info’s profit has increased year-on-year to Rs 60.24 crore from Rs 40.7 crore in the December quarter. At the same time, the revenue has increased from Rs 332.53 crore to Rs 403.65 crore on an annual basis.
Ingerglobe Aviation
Action can also be seen today at Ingerglobe Aviation. The company has turned profit from loss. The company has a profit of Rs 129.78 crore, while in the same quarter a year ago, the company had a loss of Rs 620.14 crore. At the same time, the revenue of the company has increased by 65 percent on a yearly basis.
Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.
,