Top Ten Stocks to Watch Today , 24th Jan 2024

Top Ten Stocks to Watch Today , 24th Jan 2024

Explore the latest updates on the top 10 stocks to watch on January 24, 2024. Highlights include Tech Mahindra's potential profit decline, Axis Bank's Q3FY24 net profit, Tata Elxsi's growth, Bajaj Auto's expected rise in deals, and more. Stay informed for strategic investment decisions.

(1) Tech Mahindra According to Stock Box, Tech Mahindra may see a successional profit decline hardly due to patient wimpiness in demand within the communication and enterprise parts in Q3FY24. still, EBIT perimeters are poised for substantial enhancement, primarily attributed to the absence of one-time costs worth 260 bps witnessed in the former quarter, although soft growth may incompletely neutralize this gain.

(2) Axis Bank The private lender on January 23 reported a net profit of ₹ 6,071 crore in the December quarter of FY24, reflecting a 4 percent increase compared to the matching period last time. still, the reported net profit of ₹ 6,071 crore fell slightly short of the request agreement estimate of ₹ 6,114 crore.

(3) Tata Elxsi Design and technology services provider Tata Elxsi reported a 6 time- on- time( YoY) increase in net profit at ₹206.4 crore during the quarter ending December 2023 from ₹194.6 crore during the time-ago period. profit from operations jumped 11 YoY to ₹914.2 crore from ₹817.7 crore during the same period last financial time.

(4) Bajaj Auto Ahead of Bajaj Auto's Q3FY24 results, StoxBox expects a robust
30 periodic rises in deals owing to robust volume growth due to the strong performance of two-wheelers and advanced ASPs. still, this positive instigation is likely to be incompletely canceled by a decline in volumes of three-wheelers and a lower import donation. As a result, the anticipated consummation is set to decline successionally, primarily attributed to restrained geographic and product blend.

(5) JSW Energy The company reported over 28 rises in its consolidated net profit to ₹ 231 crore in the December 2023 quarter. During the quarter, total profit increased 13 times on time to ₹ 2,661 crores from ₹ 2,350 crores in Q3FY23, driven by an incremental donation from renewable portfolio and strong thermal performance.

(6) Cyient DLM The electronic manufacturing services company reported a 21.6 time-on-time ( YoY) rise in net profit at ₹6.2 crores for Q3FY23. In the matching quarter last time, it had posted a net profit of ₹5.1 crore, the company said in a nonsupervisory form. The company's profit from operations increased 10 to ₹ 321 crores against ₹291.8 crore in the matching quarter, driven by the aerospace and defense member.

(7) Bharti Airtel The Indian transnational telecommunications services company on Tuesday blazoned that it'd be compensating ₹ 8,325 crores to the Department of Telecom( Government of India) towards diapason pretenses. This repayment is directed towards addressing part of the remitted arrears associated with the diapason acquired in the transaction of 2015.

(8) United Spirits Diageo-controlled liquor maker United Spirits reported an a63.5 time-on-time ( YoY) rise in net profit at ₹350.2 crore for the third quarter ended December 31, compared to ₹214.2 crore in the matching quarter last time. Its profit from operations increased 8 to ₹ 3,002 crore as against ₹ 2,778.7 crore in the matching period of the antedating financial.

(9) pastoral Electrification Corporation The state-run company reported an 18 growth in its Net Interest Income( NII) to ₹ 4,159 crore for the October- December period. Net profit for the quarter also grew by 14 from last time to ₹ 3,269.3 crore. REC's asset quality bettered on a successional base, with gross NPA perfecting to to2.78 from3.14 in September, while Net NPA stood at0.82 from0.96 in the former quarter.

(10) JSW Group The Competition Commission of India has approved the proposed accession of over 38 percent stake in MG Motor India by Sajjan Jindal- led JSW Group." The Acquirer is a recently incorporated reality and isn't engaged in any conditioning as of date. It's a wholly possessed attachment of JSW International Trade Corporate. Limited and belongs to JSW Group," the CCI stated in its order.

CONCLUSION

The stock market presents a dynamic landscape with various companies showcasing diverse performances. Investors should closely monitor these top 10 stocks, considering factors such as financial results, profit margins, and market trends. Each stock comes with its unique considerations, and informed decision-making is crucial for navigating the intricacies of the financial market. Keep a watchful eye on these developments to make well-informed investment choices.


🔴💯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.