Top 10 stocks for today — 7th November 2022

7 Nov 2022 , 08:02 AM

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

1. 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.

1. 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).

1. 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.

1. 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%.

1. 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.

1. 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.

1. 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.

1. 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.

1. 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.

1. 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.

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