Top 10 stocks for today – 16th May 2024

16 May 2024 , 10:11 AM

Here are some of the stocks that may see significant price movement today.

LIC Housing Finance: Mortgage financier reported a 7.5% decrease in profit to ₹1,091 Crore in the fourth quarter. In the previous corresponding period, the company supported by LIC logged a profit of ₹1,180 Crore. In the current quarter, overall income reached ₹6,937 Crore, up from ₹6,415 Crore in the previous year.

Jindal Stainless: The company recorded a 34.6% year-on-year decrease in net profit to ₹500.7 Crore in the fourth quarter. In the same quarter previous year, it reported a net profit of ₹765.8 Crore. The company’s revenue decreased by 3.2% to ₹9,454 Crore from ₹9,765 Crore in the same period last year.

NCC: The construction business reported a 25.2% year-on-year increase in net profit to ₹239.2 Crore in the fourth quarter. In the same quarter, it had a net profit of ₹191 Crore. Revenue climbed by 31% to ₹6,485 Crore, up from ₹4,949 Crore in the previous fiscal year.

Berger Paints: The company recorded a 19.5% year-on-year growth in consolidated net profit of ₹222.6 Crore for Q4FY24. In the same quarter, it earned a net profit of ₹185.7 Crore. Berger Paint’s revenue increased by 3.1% to ₹2,520.3 Crore, compared to ₹2,443.6 Crore in the previous fiscal year.

Honeywell Automation: The engineering business reported a 32.3% year-on-year increase in net profit to ₹148.2 Crore for the fourth quarter. In the same quarter, it had a net profit of ₹112 Crore. Revenue from operations increased by 12% to ₹950.7 Crore, compared to ₹849.7 Crore in the previous fiscal year.

NLC: The state-owned corporation recorded an 86.2% decline in consolidated net profit to ₹114.23 Crore for the March quarter, owing to lower income. In the previous year, the company earned ₹829.67 Crore in profits. The company reported ₹1,868 Crore in profit after tax for the fiscal year ending March 31, 2024.

Dixon Technologies: The leading contract manufacturer reported a 24.7% year-on-year growth in net profit to ₹98.5 Crore for the fourth quarter. In the same quarter in FY23, it made a net profit of ₹79 Crore. Market polls anticipated a profit of ₹115 Crore for the quarter under review.

Titagarh Rail Systems: The engineering company reported a 64% year-on-year increase in net profit to ₹79 Crore in Q4. In the same quarter, it had a net profit of ₹48.2 Crore. The company’s revenue climbed by 8% to ₹1,052.4 Crore, up from ₹974.2 Crore in the previous fiscal period.

CMS Info Systems: CMS Info Systems recorded a net profit of ₹91 Crore during January to March 2024. Revenue from operations was ₹627 Crore.

HDFC Life: HDFC Life has offered its highest-ever bonus of ₹3,722 Crore for participating plans. This incentive will benefit more than 22.23 lakh policyholders.

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