Top 10 stocks for today – 7th July, 2023

7 Jul 2023 , 08:09 AM

Here are some stocks that may show significant price movement today.

1. Reliance Industries: The National Company Law Tribunal (NCLT) has granted approval for the scheme of arrangement proposed by Reliance Industries, its shareholders, creditors, and Reliance Strategic Investments.
2. Indian Oil: To strengthen biofuel production capacities in India, Indian Oil and Praj Industries to form JV and signed a term sheet. IOCL board to consider fundraise plan today.
3. Adani Green: Adani Green has announced its plan to raise funds of approximately Rs 12,300 crore through the qualified institutional placement (QIP) route.
4. Maruti Suzuki: On Thursday, the largest carmaker in the country initiated the export of its recently launched sporty compact SUV, Fronx in Latin America, the Middle East, and Africa.
5. Dr Reddy: According to reports, the drugmaker has expanded its product portfolio into the child nutrition segment by introducing immunobooster gummies under the brand name CeleHealth Kidz Immuno Plus Gummies. The company believes that the child immunity market, encompassing various formats, is valued at approximately Rs 1,600 crore and is experiencing double-digit growth.
6. Titan: Titan has reported a significant year-on-year revenue growth of 20% for the June quarter of FY24. This growth is attributed to all key consumer businesses within the company, which have demonstrated double-digit growth during the quarter. Additionally, Titan expanded its retail presence by adding a total of 68 stores, including CaratLane, bringing its overall retail footprint to 2,778 stores.
7. NTPC: The country’s largest power generation company has announced the successful completion of trial operation for Unit-2 of the Barh Super Thermal Power Project’s Stage-I in Bihar. With a capacity of 660 MW, this achievement represents a significant milestone for the project.
8. JK Cement: JK Maxx Paints, a wholly owned subsidiary of JK Cement, has made an investment of Rs 60.24 crore to acquire a 20% stake in Acro Paints.
9. Dabur: Dabur India, a leading FMCG company, is projected to witness a consolidated business growth of more than 10% for the first quarter ending in June.
10. Tata Steel: India’s deliveries have experienced a notable increase of 17.9%, reaching 4.8 million tonnes (MT). However, European deliveries have declined by 8%, while Thailand deliveries have decreased by 13% compared to the previous year. The higher production in India can be attributed to the ramp-up at NINL.