Top 10 stocks for today — 3rd November 2022

3 Nov 2022 , 08:18 AM

The Singapore Exchange’s Nifty futures traded 157.5 points, or 0.87%, lower at 18,005, indicating that the stock markets may have a bad start to the day on Thursday. 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. M&M Financial Services:

The NBFC participant reported a net profit decline of almost 55%, to Rs 492 crore, for the quarter ending in September 2022.

1. Adani Transmission:

The Adani Group company reported a 32% decrease in its consolidated net profit after tax at Rs 194 crore in the September quarter compared to the same period last year.

1. Relaxo Footwear:

Due to a fall in production and high raw material prices, the footwear manufacturer’s net profit for the second quarter that ended in September 2022 fell by 67.38% to Rs 22.40 crore.

1. Lupin:

The drug manufacturer has received criticism from the US health agency for manufacturing errors, including failing to set up sufficient written processes for cleaning equipment at its Maharashtra-based operation.

1. Dalmia Bharat:

For the three months ending in September, the cement manufacturer’s consolidated net profit fell by 76.84% to Rs 47 crore.

1. J K Cement:

Its subsidiary Jaykaycem (Central) has successfully started cement grinding at its recently built cement manufacturing facilities in Panna, Madhya Pradesh, with a capacity of 2 million tonnes annually.

1. Jindal Stainless:

Higher inventory, electricity, and fuel costs, as well as other expenses, contributed to the metal company’s major 63 percent fall in consolidated profit for the quarter that ended September FY23, which came in at Rs 151.84 crore.

1. KSB Pumps:

In comparison to the same period the previous year, the manufacturer of compressors and pumps reported a virtually flat profit of Rs 39 crore for the quarter that ended September FY23.

1. EIH:

The hospitality company, which operates hotels and resorts under the Oberoi and Trident brands, posted a combined net profit of Rs 26.48 crore on Wednesday for the second quarter that ended in September.

1. Mahindra Holidays & Resort:

The leisure company’s consolidated earnings after tax fell by 30% to Rs 41.39 crore in the second quarter that ended on September 30, 2022, as a result of increase in expenses.

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