Top 10 Stocks to Watch Today 17th jan 2024

Top 10 Stocks to Watch Today

• HDFC Bank: India’s largest private sector lender registered a 2.5% sequential growth in net profit at ₹16,372.54 crore for the December quarter, partly affected by higher bad loan provisions. Net interest income grew by 4% sequentially to ₹28,471 crore during the quarter.    

• Piramal Pharma: Piramal Critical Care, a division of Piramal Pharma, announced the launch of a new concentration of zinc sulfate injection in the US market. The launch will allow PCC to expand its existing zinc sulfate injection product line and overall generics injectables portfolio.

• L&T Technology Services: The company reported a net profit of ₹336.2 crore for the December quarter, up 6.6% from a year ago. Revenue from operations rose 1.5% sequentially to ₹2,421.8 crores.

• Godrej Properties: The company acquired an additional acre of land in Yesvantpur in Bengaluru. The land could yield nearly 1.4 lakh square feet of saleable area.

• IREDA: The company has signed an MoU with the Indian Overseas Bank for co-lending and loan syndication for renewable energy projects.

• DCB Bank: The RBI has approved the appointment of Praveen Achuthan Kutty as MD & CEO of the bank from 29 April.

• TV 18 Broadcast Ltd: TV 18 posted a 5% on-year decline in consolidated revenue at ₹1,676 crore for the December quarter. Revenue from the news segment surged 23% with strong advertising-revenue growth.

• ICICI Securities: The company reported 66.6% year-on-year growth in standalone profit at ₹465 crore for the December quarter, backed by a healthy topline and operating performance. Revenue from operations grew by 50.5%to ₹1,322.4 crore from a year ago.

• Adani Energy Solutions: The company said its transmission and smart metering business maintained 99.67% system availability in Q3 and added 302 cm to the operational network.

• ICICI Lombard: The company registered 22.4% year-on-year growth in net profit at ₹431 crore for the December quarter, while the gross direct premium income increased by 13.4% to ₹6,230 crore.

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Stock Market: A Simple Perspective

Numbers Are Just Numbers:

Whether it's 29,000 or 30,000, these are just numbers measuring the Sensex journey. It began at 100, and over the past thirty-eight years, it has grown 300 times.

When Sensex began, investors at that time might have found it challenging to imagine a level of 30,000.

Numbers will keep changing, and we can't predict when it will touch 100,000 but surely it will touch.

Earnings Drive the Trend:

As long as company earnings are growing, market declines are temporary bumps in the road. The overall trend is upward and permanent.

Sensex has seen countless "new highs" and "all-time highs." These are standard terms in markets, especially during bullish phases.

Market Roller Coaster:

Bull or bear, markets can go on for years. There's no fixed timeline.

Even in a long bull market, it's not a smooth ride. Bear markets can appear suddenly, as seen last year, followed by a bullish comeback.

Visualize Long-Term Trends:

Envision a continuous upward trend over a significant period, say ten years or more, with ups and downs. This is the journey, and this is how wealth is built.

Fundamentals: The Key to Sustainable Success in the Market.

🔴💯ध्यान दें: ➡️ये सिर्फ कुछ उदाहरण हैं, और बाजार में कई और बेहतरीन ,Stocks,ईटीएफ उपलब्ध हैं. निवेश करने से पहले खुद का रिसर्च करना और फाइनेंशियल एडवाइजर से सलाह लेना जरूरी है.

🔴🟢Disclaimer : This is not investment advice and this is not an investment recommendation.