Top 10 stocks for today – 10th May 2024

10 May 2024 , 08:41 AM

Here are some of the stocks that may see significant price movement today.

Bharat Petroleum Corporation Limited: On May 9, the company recorded a combined net profit of ₹4,789.57 Crore for the fourth quarter of FY24, a 30% fall year on year. BPCL’s operating revenue fell marginally to ₹1.32 lakh Crore over the same period. The company’s board approved issuing bonus shares at a 1:1 ratio.

Suryoday Small Finance Bank: In the fourth quarter of FY24, the bank’s net profit increased by 56.3% year on year to ₹60.8 Crore. Gross non-performing assets (GNPA) were at 2.94% in the March quarter, compared to 3.06% in the December quarter. Provisions were ₹48.2 Crore, compared to ₹37.9 Crore in the previous quarter and ₹51.5 Crore year on year. The bank’s provision coverage ratio for the quarter was 71.2%.

Solara Active Pharma Sciences: The company approved a rights issuance of ₹449.95 Crore. The rights shares are priced at ₹375 per equity share, plus a premium of ₹365 per equity share, according to the company’s regulatory filing. The issue is set to open on May 28, 2024, and close on June 11, 2024.

Abott India: In Q4 FY24, the company’s net profit increased by 24% year on year to ₹287 Crore. Revenue climbed by 7% to ₹1,439 Crore, up from ₹1,343 Crore the previous year. Abott India’s board suggested paying a final dividend of ₹410 per equity share of ₹10 for the fiscal year ending March 31, 2024, subject to shareholder approval.

ADF Foods: ADF Foods’ operating revenue was ₹153 Crore in Q4 FY24, up from ₹123 Crore in the same quarter last year. Profit after tax grew to ₹25 Crore in the fourth quarter of FY24, up from ₹16 Crore the previous year.

Relaxo Footwear: Relaxo Footwear recorded a consolidated net profit of ₹61.4 Crore in Q4 FY24, a 3% reduction. The company’s total sales declined 2.3% to ₹747.2 Crore during the same time. EBIDTA was ₹120.4 Crore, up 117.9% in the January-March quarter. The business has proposed a final dividend of ₹3 per share for FY24, subject to approval at the next Annual General Meeting.

Shyam Metallics: Shyam Metallics’ revenues from stainless steel sales climbed by 54.46% over the previous year. Stainless steel volumes rose 33.68% year on year. Stainless steel volumes increased by 17.45% on a monthly basis.

Rushil Décor: The company’s earnings after tax declined 33.61% year on year to ₹9 Crore in Q4 FY24. The company’s operating revenue climbed 9.7% year on year to ₹233 Crore in the January-March quarter. Additionally, the corporation declared a dividend of Rs. 1 per share.

VST Tillers & Tractors: VST Tillers Tractors reported a 13.4% YoY reduction in net profit to ₹34.8 Crore in Q4 FY24. The company’s operating revenue declined 15.3% to ₹273.4 Crore in the January-March quarter. The company’s board has suggested a final dividend of ₹20 per equity share, which will be paid if approved by shareholders at the annual general meeting.

Brigade Enterprises: The company has signed an agreement for a valuable land piece on Bengaluru’s Old Madras Road. The residential project spans 4.6 acres and has a total development potential of approximately 0.69 million square feet, with a gross development value of ₹660 Crore.

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