Stock Market: Top Stocks to Watch Today (22nd Aug, 24 – Thursday)
PNB: Punjab National Bank has shown signs of recovery after past challenges. Consider it for its potential upside and attractive valuation.
Axis Bank Ltd: Axis Bank has been expanding its digital presence and improving services. It offers exposure to retail banking and has a competitive edge.
Jindal Steel & Power Ltd: Jindal Steel & Power has been in the spotlight due to infrastructure development and strong domestic volumes. Consider it for its growth potential and market presence.
Coal India Ltd: Coal India recently unlocked unlimited coal supply for power plants, which has positively impacted investor sentiment. It remains a key player in the coal sector and has seen a surge in share price.
Oberoi Realty Ltd: Oberoi Realty reported an 82% increase in its consolidated net profit for Q1 of the current fiscal year. The company’s revenue from operations also rose significantly. Strong demand in the luxury real estate market and a commitment to sustainable growth.
Sobha Ltd: Sobha Ltd witnessed a 28% gain this week, reaching a fresh 52-week high. The stock has surged over the past year. Despite a decline in Q4 FY24 profit, Sobha remains an attractive investment option in the realty sector.
ITC Ltd: ITC closed at ₹498.80 with a 6-month beta of 0.68, indicating lower volatility compared to the market average. It has demonstrated strong performance over the past month and quarter. Known for its diversified business interests, including tobacco, FMCG, and hospitality, ITC remains a reliable choice for investors.
Dabur India Ltd: Dabur India reported decent earnings for Q4 FY24, benefiting from improving volume trajectory and a price hike. The stock gained over 2% recently. Dabur is a well-established player in the personal care and healthcare segments, with consistent growth and investor confidence.
DB Corp Ltd: DB Corp recently reported its unaudited financial results for Q1 of FY 2024-25. The company’s revenue for the quarter was ₹5.10 billion, with operating expenses of ₹2.00 billion. Net income stood at ₹228.94 million. DB Corp is a leading media company in India, known for its flagship newspaper Dainik Bhaskar. It has a strong presence in regional markets and continues to adapt to digital trends.
Jagran Prakashan Ltd: Jagran Prakashan’s Q1 profit declined by 6.5% to ₹41 crore, with revenue at ₹444 crore. The company remains a significant player in the media industry. Jagran Prakashan is a well-established media conglomerate, with a portfolio that includes Dainik Jagran, one of India’s largest circulated newspapers. Its diversified media offerings contribute to its resilience.
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 😊
