Stock Market: Top Stocks to Watch Today (28th Aug, 24 – Wednesday)
Punjab National Bank: PNB’s Q1 net profit stood at ₹1,023 crore, showing signs of recovery after asset quality challenges. PNB has been focusing on improving asset quality, digital initiatives, and retail lending.
Federal Bank: Federal Bank reported a net profit of ₹477 crore in Q1, supported by robust NII and lower provisions. Federal Bank has a strong retail franchise, stable asset quality, and consistent growth.
NTPC Ltd: NTPC is a major player in the energy sector and continues to be a strong performer. NTPC is a state-owned utility company with a stable business model, consistent growth, and a focus on clean energy initiatives.
Adani Green Energy Ltd: Adani Green Energy is a leading renewable energy company in India. The company is well-positioned to benefit from the growing demand for clean energy and government incentives for renewable projects.
Jagran Prakashan Ltd: Jagran Prakashan is a leading print media company with a strong presence in regional newspapers. The company’s regional reach, brand recognition, and diversified revenue streams make it an attractive choice.
Zee Entertainment Enterprises Ltd: Zee Entertainment recently announced a merger with Sony Pictures Networks India (SPNI), creating a powerful media conglomerate. The merger is expected to enhance content offerings, distribution reach, and operational efficiency.
Torrent Pharmaceuticals Ltd: Torrent Pharma recently acquired the branded formulation business of Unichem Laboratories in India, strengthening its domestic portfolio. Torrent Pharma has a strong domestic presence and a growing international footprint.
Sun Pharmaceutical Industries Ltd: Sun Pharma recently received approval from the U.S. FDA for its generic version of Eliquis (apixaban) tablets, used to prevent blood clots and strokes. Sun Pharma has a strong global presence, diversified product portfolio, and robust R&D capabilities.
Tata Motors Ltd: Tata Motors reported strong sales growth in the commercial vehicle segment, driven by infrastructure development and economic recovery. Tata Motors has a diversified product portfolio, including both passenger vehicles and commercial vehicles.
Ashok Leyland Ltd: Ashok Leyland recently launched the Bada Dost LCV (light commercial vehicle), targeting the last-mile delivery segment. Ashok Leyland is a major player in the commercial vehicle market, known for its robust and reliable vehicles.
Disclaimer: Please note that these are our observations based on the current market performance and past data. It is always a good idea to do your own research before making any trading decisions. Also, consider using fundamental & technical analysis tools to identify entry and exit points. Always stay informed about market news and events that could impact these stocks.
Happy Trading 😊
