Top 10 stocks for today- 2nd November 2022

2 Nov 2022 , 08:47 AM

The Singapore Exchange's Nifty futures traded 18 points, or 0.10%, higher at 18,237, indicating that the stock markets may open flat or in the red 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. Infosys:

The IT giant will use a postal ballot to ask shareholders for approval of its proposed Rs9,300 crore share buyback between November 3 and December 2.

1. Axis Bank:

According to bulk deal data available with BSE, US-based private equity company Bain Capital sold 1,66,80,000 shares, or 0.54% of the private sector lender, at an average price of Rs 891.38 each, bringing the transaction's total value to Rs 1,486.82 crore.

1. Tech Mahindra:

The fifth-largest exporter of IT services in the nation reported a 4% fall in earnings for the September quarter at Rs1,285 crore, blaming a narrowing of the profit margin.

1. Punjab National Bank:

Due to greater provisions for bad loans, the state-owned lender reported a 63% decrease in standalone net profit to Rs 411 crore for the September quarter.

1. Adani Ports & SEZ:

Consolidated profit for the Adani Group companies rose by 65.5% to Rs 1,738 crore for the last quarter, helped by the top line, operating income, and lower tax expense.

1. Voltas:

Due to provisions made for an international project, the provider of engineering and air conditioning services recorded a consolidated net loss of Rs 6.04 crore for the second quarter that ended in September 2022.

1. NMDC:

During the period of April through October 2022, the state-owned mining company recorded a decline in iron ore production of more than 6%, to 19.71 million tonnes (MT).

1. Macrotech Developers:

Due to provisions made for loans issued to its British business for project development, the real estate firm posted a consolidated net loss of Rs 933 crore for the quarter that ended in September.

1. JK Tyre & Industries:

The tyre maker said that during the second quarter its consolidated net profit fell 23% to Rs 50 crore.

1. LIC Housing Finance:

The second-largest pure-play mortgage lender reported a 23% year-over-year increase in net profit for the three months ending in September, coming in at Rs 305 crore.

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