Top Stocks to Watch on July 24: Asian Paints, HUL, Bajaj Finance, Axis Bank, REL, DCM Shriram

Top Stocks to Watch on July 24: As the Union Budget was announced yesterday by the Finance Minister, it has highly influenced the stock market today.

Many stocks are trading in red colors while others are trading in Green, however, investors will look at the small print and figure out which stock will be a great choice for investment today.

The MTNL stock which was in a downward trend previously recorded a 5% higher trend today. The shares of MTNl are giving a higher return of almost 109% in one month.

At 11 am, GIFT Nifty future is reduced by 0.07% and is currently trading at Rs 24,419.

Bajaj Finance stock is down by 2.55% on Wednesday and was trading at Rs 6,576. Earlier, from April to June, the net profit grew by 14% year-over-year (Y-o-Y), to Rs 3,912 crore because of strong growth in NII.

At 12 Hindustan Unilever stock is down by 1.61 % and is trading at Rs 2,721. However, HUL reported that the net profit would rise by 2.2% year-over-year to Rs 2,610 crore in Q1FY25.

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Key stock to watch today to gain higher earnings Larsen & Toubro, Axis Bank, SBI Life Insurance Company, Bajaj Finserv, Federal Bank, Petronet LNG, Jindal Steel & Power, Aditya Birla Sun Life AMC, Aurionpro Solutions, Bikaji Foods International, CG Power and Industrial Solutions, CMS Info Systems, DCB Bank, HFCL, Indian Energy Exchange, Indraprastha Gas, JK Paper, KPIT Technologies, Karnataka Bank, Oracle Financial Services Software, Hitachi Energy India, Ramkrishna Forgings, SIS, Sona BLW Precision Forgings, Syngene International, Trident, Tata Teleservices, V-Guard Industries, and Welspun Living.

These stocks will also announce their earnings for the June quarter today, July 24.

Furthermore, ICICI Prudential Life Insurance stock is up by 7.69%. ICICI Prudential Life Insurance also reported that an 8.7% year-over-year rise in net profit to Rs 225.4 crore in Q1FY25.

As per the reports, the company's net premium income also went up to Rs 7,875 crore this year.

The NSE Nifty 50 is down by 0.58 % today at 12 and trading at Rs 24,479 meanwhile BSE Sensex is down by 0.70% at Rs 79,865.

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As per the reports, Torrent Pharmaceuticals grew by 20.1% year-over-year, hitting Rs 457 crore in the first quarter closed on June 30.

United Spirits, the biggest liquor company net profit rose 1.7% year-over-year to Rs 485 crore for the first quarter. Furthermore, the United Spirits net sales also went up by 3.5%.

As per the reports, the company's net premium income also went up to Rs 7,875 crore this year.

Schaeffler India's net profit went up by 3.5% year-over-year to Rs 245.4 crore in the first quarter and the company’s revenue also grew up to Rs 2,106 crore.

Tata Consumer Products aims to raise up to Rs. 3,000 crore through a rights issue. The company will introduce 3.66 crore rights equity shares and each will be priced at Rs 818 with a 35% discount to Tata Consumer Products.

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