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Top 10 stocks for today – 21st October 2022

  • India Infoline News Service |
  • 21 Oct, 2022 |
  • 7:52 AM
The Singapore Exchange's Nifty futures traded 12.5 points, or 0.07%, higher at 17,532.5, indicating that the stock markets may have a good start on Friday. The following 10 stocks may show price movement in today's market. To check more hot stocks, click at: https://www.indiainfoline.com/markets/hot-stocks
  1. Axis Bank:
In the September quarter, the private lender recorded a 66.29% increase in its consolidated net profit after tax at Rs5,625.25 crore, driven by a significant drop in bad loan charges and margin growth.
  1. ITC:
In the second quarter of FY23, the FMCG giant recorded a 24.08% increase in overall net profit after tax at Rs4,670.32 crore, driven by a robust performance across areas including cigarettes and agro-business.
  1. Bajaj Finance:
For the quarter that ended in September 2022, the top NBFC posted an 88% increase in its consolidated net profit after tax at Rs2,781 crore.
  1. Coforge:
In Q2 FY23, the IT company reported a consolidated profit after tax growth of roughly 37% to Rs201.1 crore.
  1. Tata Consumer Products:
For Q2FY23, the beverage company of the Tata Group on Thursday reported a 36.25% increase in consolidated net profit after tax at Rs389.43 crore, driven by robust growth in the domestic market.
  1. Asian Paints:
The paint manufacturer announced a phased investment of Rs2,100 crore to build a new facility to manufacture vinyl acetate ethylene emulsion and vinyl acetate monomer.
  1. Colgate-Palmolive India:
For Q2 FY23, the FMCG giant reported a 3.28% increase in net profit at Rs278.02 crore, aided by stronger sales growth.
  1. Canara Bank:
On the strength of strong growth in net interest income and a decrease in bad loans, the state-owned institution recorded an 89% increase in net profit to Rs2,525 crore for the quarter that ended September.
  1. Shriram Transport Finance Company:
In the three months that concluded in September 2022, the top NBFC for commercial vehicles reported a net profit increase of more than 38%, coming in at Rs1,066.87 crore.
  1. Indian Energy Exchange:
The energy exchange reported a decrease in its consolidated net profit after tax of roughly 7%, or Rs71.20 crore, over the same period last year.

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