Top 10 stocks for today – 11th August, 2023

11 Aug 2023 , 09:01 AM

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

1. Hero Motocorp: Hero MotoCorp recorded a substantial 32% increase in net profit, reaching Rs 825 crore, for the quarter ending in June. Additionally, the company’s revenue from operations experienced a growth of 4.5% year-on-year, reaching Rs 8,767 crore.
2. LIC: LIC’s standalone net profit surged significantly to Rs 9,544 crore for the quarter ending in June.
3. HCL: Verizon Business has unveiled a significant global strategic partnership, designating HCL Tech as its primary collaborator for managed network services in all networking deployments for enterprise customers. This substantial partnership, valued at $2.1 billion over a span of six years, represents a major deal in the industry.
4. Adani Wilmar: Adani Enterprises has refuted news reports suggesting that the company is considering the sale of its 44% stake in its subsidiary, Adani Wilmar.
5. SAIL: SAIL recorded a net profit of Rs 212 crore in the first quarter, with revenue from operations amounting to Rs 24,359 crore.
6. Apollo Tyres: The company announced on Thursday that its consolidated net profit for the first quarter ending on June 30, 2023, surged by over two-fold to Rs 397 crore. This growth was attributed to strong sales performance across various markets.
7. Torrent Power: Torrent Power announced a net profit of Rs 532 crore for the April-June period, with revenue from operations reaching Rs 7,377 crore.
8. Biocon: Biocon posted a net profit of Rs 101 crore for the June quarter, while revenue from operations during the same period reached Rs 3,422 crore.
9. CMS Info Systems: In a block deal conducted on Thursday, the promoter Sion Investment divested more than 20% of its stake in the company. Notably, Societe Generale, ADIA, Massachusetts Institute of Technology, Nomura, and Goldman Sachs were among the prominent buyers in this transaction.
10. Tata Motors: Citibank NA has recently conducted open market transactions, resulting in the sale of 3.49 crore shares, equivalent to a 1% equity stake, in Tata Motors.