Top 10 stocks for today — 10th November 2022

10 Nov 2022 , 07:49 AM

The Singapore Exchange’s Nifty futures traded 56.5 points, or 0.31% lower at 18,137, indicating that the markets may have a  start in red to the day on Thursday. The following ten stocks may show price movement in today’s market. To check more hot stocks, click at: https://www.indiainfoline.com/markets/hot-stocks

1. Tata Motors:

The domestic auto giant announced that its consolidated net loss for the second quarter ended in September narrowed to Rs 945 crore as sales of its main brand, Jaguar Land Rover, and other domestic and commercial vehicle models increased.

1. Axis Bank:

The government will sell 46.5 million shares, or the whole 1.55% ownership in the private lender Axis Bank, through an OFS on November 10 and 11, with a floor price of Rs 830.63. This would be done through the Specified Undertaking of the Unit Trust of India, or SUUTI.

1. Tata Power:

The Tata Group arm announced that its subsidiary Tata Power Renewable Energy has been awarded a 150 MW solar project in Solapur, Maharashtra, by the Maharashtra State Electricity Distribution Corporation (MSEDCL).

1. Adani Ports & SEZ:

The Adani Group company announced that it has purchased a 49.38% stake in Indian Oiltanking Ltd.

1. Hindustan Unilever:

The FMCG company and the healthcare company, GSK, have mutually chosen to end their contract for the sale of OTC and oral care goods.

1. Lupin:

The pharmaceutical company said that its consolidated net profit for the second quarter  was Rs130 crore.

1. Piramal Enterprises:

A net loss of Rs1,536 crore was reported by the Piramal Enterprises in the second quarter of the current fiscal year.

1. Happiest Minds Technologies:

For BFSI clients, the IT company formed a relationship with Singapore-based ESG solution vendor CredQuant. Through this partnership with CredQuant, BFSI customers will benefit from assistance with ESG screening, rating models, sustainability reporting, impact reporting, and carbon footprint.

1. Pidilite Industries:

Due to the price of raw materials and expensive inventory, the manufacturer of adhesives, sealants, and construction chemicals recorded a fall of 10.06% in its combined net profit after tax for the second quarter of FY23, coming in at Rs 337.75 crore.

1. Prestige Estate Projects:

In the third quarter of this fiscal year, in September, the real estate company recorded a rise in its consolidated net profit after tax of 80% to Rs 140.7 crore.

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