Top 10 stocks for today – 12th February 2024

12 Feb 2024 , 08:58 AM

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

One 97 Communications: The Paytm operator stated that the Board of Directors established a Group Advisory Committee led by former SEBI Chairman M Damodaran to collaborate with the board on further enhancing compliance and regulatory issues. The committee comprises MM Chitale, a former president of the Institute of Chartered Accountants of India (ICAI), as well as a former governing council member of the RBI-nominated Banking Codes and Standards Board of India.

Oil and Natural Gas Corporation: The state-owned oil and gas exploration corporation reported a consolidated profit of ₹9,536 Crore for the quarter ending December FY24, a 13.7% decrease from the previous year. Revenue from operations fell 9.8% YoY to ₹34,789 Crore in the quarter, while crude oil price realisation fell 6.4% YoY to $81.59 per barrel.

Tata Power Company: The Tata Group firm reported a net profit of ₹1,076 Crore for the third quarter of FY24, up 2% from the previous year, thanks to improved realisation in the key business categories of generation, transmission and distribution, and renewables. Revenue from operations increased by 3% year-on-year to ₹14,841 Crore in the quarter.

Hero MotoCorp: The world’s largest two-wheeler manufacturer reported a net profit of ₹1,073 Crore for the quarter ended December FY24, a 51% increase over the same time last year, driven by robust operating performance. The quarterly revenue from operations increased by 21% year-on-year to ₹9,724 Crore. Hero has declared an interim dividend of ₹75 per share and a special dividend of ₹25 per share for the fiscal year ending 2023-24.

Indian Railway Finance Corporation: The miniratna public sector company reported a net profit of ₹1,604 Crore for the third quarter of FY24, a 1.8% decrease from the same period last year. Revenue from operations increased by 8.4% year-on-year to ₹6,742 Crore in the quarter.

PI Industries: The agri-sciences company’s consolidated net profit increased by 27.5% year-on-year to ₹448.6 Crore in the October-December period of FY24, with strong growth in topline and operating metrics. Revenue from operations increased by 17.6% YoY to ₹1,897.5 Crore in the quarter.

Easy Trip Planners: The business said the board of directors 6 has in principle authorised the plan to establish a 5-star hotel in Ayodhya with an investment of up to ₹100 Crore in Jeewani Hospitality.

Bandhan Bank: The private sector lender’s net profit increased by 152% year-on-year to ₹733 Crore in the third quarter of FY24, owing to a dramatic decrease in provisions and contingencies. Net interest income increased by 21% YoY to ₹2,525 Crore for the quarter.

Cello World: The consumer electronics business posted a consolidated net profit of ₹906.6 Crore for the quarter ended December FY24, up 4.7% from the previous quarter. Operational revenue climbed by 7.8% quarter over quarter to ₹5,270.5 Crore.

Bajaj Healthcare: The API, intermediates, and formulations maker reported a net loss of ₹2.2 Crore in the third quarter of FY24, compared to a profit of ₹11.05 Crore in the same time previous year. Revenue from operations declined by 18.1% year-on-year to ₹108.6 Crore in the quarter. Meanwhile, the company’s CFO and Whole-Time Director, Rupesh Nikam, has resigned.

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