Top 10 stocks for today – 10th August, 2023

10 Aug 2023 , 08:07 AM

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

1. Suzlon Energy: Suzlon Energy’s Board has given the green light to initiate a qualified institutional placement (QIP) with the aim of raising up to Rs 2,000 crore.
2. Bata India: Bata India announced a net profit of Rs 107 crore for the June quarter. Additionally, the company’s revenue from operations amounted to Rs 958 crore during the same period.
3. IRCTC: On Wednesday, the company announced a 7 percent year-on-year decrease in its net profit, amounting to Rs 231 crore, for the first quarter that concluded on June 30, 2023. During this quarter, the total revenue reached Rs 1,001.8 crore, marking a growth of 17.5 percent compared to the Rs 852.6 crore reported in the corresponding period of the previous fiscal year.
4. Tata Power: Tata Power has disclosed a consolidated net profit increase of 22% for the quarter concluding in June. Additionally, there was substantial growth in revenue from operations, which rose by almost 5% year-on-year to reach Rs 15,213 crore.
5. Zee Entertainment: Zee Entertainment has announced a consolidated net loss of Rs 53.4 crore for the quarter concluding in June. Despite this, the revenue for the same quarter witnessed an 8% increase, amounting to Rs 1,984 crore.
6. Axis Bank: Axis Bank has been granted approval to inject Rs 1,612 crore into Max Life Insurance through the subscription of shares on a preferential basis.
7. BSE: BSE Ltd. has reported a remarkable surge in its consolidated net profit, exceeding 1000%, reaching Rs 440 crore for the quarter ending in June. Moreover, there was a 15% increase in revenue from operations, amounting to Rs 216 crore.
8. Eicher Motors: E-commerce behemoth Amazon has revealed its intention to procure 1,000 electric trucks from Eicher Motors. The plan involves the initial acquisition of 50 of these advanced electric trucks, reinforcing Amazon’s dedication to fostering sustainable transportation methods.
9. Abbott India: On Wednesday, the pharmaceutical company announced a notable 41.2% increase in its net profit, reaching Rs 290.2 crore for the first quarter that concluded on June 30, 2023.
10. Hero Motocorp, LIC: The companies will announce their first quarter results on August 10 are LIC, Pidilite, Grasim, Hero MotoCorp, and SAIL.