Stocks in News: These stocks will be in focus including Tata Motors, Maruti, Coal India, RailTel, keep an eye on Intraday
Stocks in News: Today on Budget Day some stocks are ready to show action.
Today on Budget Day i.e. on February 1, 2023, some shares are ready to show action in a volatile market. Due to positive triggers, these stocks can remain in focus in the market today. If you are looking for better stocks in intraday then you can keep an eye on them.
Today's list Tata Motors, Maruti Suzuki, Escorts, Coal India, KPIT Tech, Great Eastern Shipping, Procter & Gamble, Lemon Tree Hotels, RailTel, Britannia, Cholamandlam Investment, Ajanta Pharma, Alembic Pharma, Gillette India, IDFC, Jubilant FoodWorks Shares like Mahindra Logistics, Ramco Systems, Raymond, Redington, Tata Chemicals, Timken India, UTI AMC, Whirlpool are included. Some of them have taken some steps to increase the business and some have got big orders. Investment has come in some, whereas stake sale has been seen in some.
Britannia Industries:
Today i.e. on February 1, the December quarter results of Britannia Industries will come. Apart from this, the results of Ashok Leyland, Ajanta Pharma, Alembic Pharma, Gillette India, IDFC, Jubilant FoodWorks, Mahindra Logistics, Ramco Systems, Raymond, Sundram Fasteners, Tata Chemicals, Timken India, UTI AMC, Whirlpool of India will also come today.
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Auto stocks will be in focus today ahead of monthly sales volumes. Auto companies including Tata Motors, Ashok Leyland, Bajaj Auto, Hero MotoCorp, Maruti Suzuki India, TVS Motor Company, Escorts, and Eicher Motors will release their monthly sales volume data for January 2023.
Coal India:
Coal India's third quarter profit has increased by 69 percent to Rs 7719 crore. Revenue increased by 24 percent to Rs 35,169 crore. The realization of coal per tonne under the auction segment in Q3FY23 stood at Rs 5,046 as against Rs 1,947 per tonne in the same quarter of FY22. 3,099 per tonne or 159% growth in this.
Lemon Tree Hotels:
Lemon Tree Hotels has signed a license agreement for a new hotel in Madhya Pradesh. The hotel chain operator has signed a license agreement for a 75-room property in Jabalpur, Madhya Pradesh. The hotel is expected to be commissioned by June, 2024. Carnation Hotels, a wholly owned subsidiary and the hotel management arm of the company, will operate the hotel.
KPIT Technologies:
The IT services company posted a profit of Rs 100.5 crore due to strong revenue. There was an increase of 20.4 percent on a quarterly basis.
RailTel:
RailTel Corporation of India's third quarter profit declined by 52% to Rs 31.95 crore. Revenue has increased by 9% to Rs 454.32 crore.
Cholamandlam Investment
The company has posted a profit of Rs 684 crore for the December FY23 quarter. There has been a 31% increase in this on an annual basis. Net income for the quarter grew 22% YoY to Rs 1,832 crore.
The total AUM crossed the milestone of Rs 1 lakh crore to reach Rs 1.03 lakh crore, registering a YoY growth of 31%. Despite high inflation and high interest rates, strong festive season sales and return of employees to metro cities have helped propel growth.