sekar nallalu Cryptocurrency,Markets Stocks to Watch: Hindustan Unilever, Bajaj Finance, Tata Consumer and Others in News

Stocks to Watch: Hindustan Unilever, Bajaj Finance, Tata Consumer and Others in News

Here are the key stocks to watch on July 24:Hindustan Unilever: The FMCG giant posted a 2.2 per cent rise in consolidated net profit at Rs 2,612 crore for the April-June quarter of FY24 impacted by price reductions. The company had reported a net profit of Rs 2,556 crore in the June quarter of FY24. Revenue from sales of products increased marginally by 1.68 per cent to Rs 15,497 crore compared to Rs 15,240 crore a year ago.Bajaj Finance: India’s largest non-banking financial company (NBFC) announced a 14 per cent year-on-year growth in net profit to Rs 3,912 crore for the April-June quarter. Net interest income (NII) for the reported quarter surged 25 per cent YoY to Rs 8,365 crore from Rs 6,717 crore in the same quarter of last year.Tata Consumer Products: The company announced details of its rights issue through which it aims to raise up to Rs 3,000 crore. Tata Consumer plans to issue 3.66 crore rights equity shares for an amounts of Rs 2,997.77 crore. The price for each rights share has been fixed at Rs 818, a discount of 35 per cent to the closing price on Tuesday.

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