The Singapore Exchange's Nifty futures traded 18 points, or 0.10% higher at 18,237, indicating that the stock markets may open at a slow pace on Wednesday. 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
-
State Bank of India:
The largest lender in the nation announced its highest-ever quarterly profit after tax for the September quarter of FY23 at Rs13,265 crore, up 74% year over year, helped by strong loan sales, greater interest income, and fewer provisions.
-
Reliance Industries:
According to news reports, the company is planning to buy the Cash and Carry division of German retailer METRO AG in India for about 500 million euros (Rs4,060 crore).
-
GAIL:
After a former subsidiary of Russian energy giant Gazprom stopped supplying gas, the state-owned gas utility reduced its output of petrochemicals, which resulted in a 46% decline in net profit for the September quarter.
-
Tata Motors:
The domestic car giant announced price increases for its passenger vehicles beginning on November 7. Depending on the version and model, the weighted average increase will be 0.9%.
-
Titan:
The jewellery and watch manufacturer, which benefited from strong momentum during the holiday season, announced a 30.26% increase in consolidated net profit after tax at Rs835 crore for the second quarter that ended September 2022.
-
Power Grid Corporation:
In the September quarter of FY23, the state-owned electricity transmission company reported a more than 8% increase in consolidated net profit after tax at Rs3,650.16 crore, mostly due to higher revenues.
-
Bank of Baroda:
Due to a drop in bad loans and an increase in interest revenue, the state-owned bank reported a boost in its net profit after tax of 59% to Rs 3,313 crore for the second quarter that ended in September.
-
InterGlobe Aviation:
Due to increasing fuel prices and a foreign exchange loss, the parent company of India's largest airline, IndiGo, announced a widening deficit for the September quarter with a loss of Rs1,583.34 crore.
-
Cipla:
The pharmaceutical giant reported that strong sales across the domestic and US markets helped its consolidated net profit for the second quarter ended September 30 rise 13% to Rs797 crore.
-
Britannia Industries:
For the second quarter that ended September 30, 2022, the bakery goods company recorded a 28.47% increase in consolidated net profit at Rs490.58 crore, aided by volume growth.
For feedback and suggestions, write to us at editorial@iifl.com
