Top 10 stocks for today – 14th August, 2023

14 Aug 2023 , 08:43 AM

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

1. SpiceJet: Investor attention will be directed towards SpiceJet’s shares as the company’s board has rescheduled its meeting to review and approve the financial results for the first quarter. The meeting, originally scheduled for an earlier date, will now take place on Monday.
2. Patanjali Foods: In the quarter concluding in June FY24, the company has reported a profit of Rs 87.8 crore. This reflects a substantial decline of 63.6% in comparison to the corresponding period of the previous year.
3. Lupin: The Unit-2 manufacturing facility located in Mandideep, India, owned by the company, underwent a Good Manufacturing Practices (GMP) inspection conducted by the US Food and Drug Administration (US FDA) from August 7 to August 11. The noteworthy aspect is that the inspection concluded without any observations or issues raised by the US FDA.
4. Adani Ports: The board members of the Adani Group company have officially acknowledged and approved the resignation of Deloitte Haskins & Sells LLP, Chartered Accountants, from their role as Statutory Auditors. In their place, the board has given their endorsement for the appointment of MSKA & Associates Chartered Accountants as the new statutory auditors of the company.
5. NMDC: During the first quarter of FY24, the state-owned iron ore company achieved a profit of Rs 1,650 crore, indicating a growth of 12% in comparison to the corresponding period of the previous fiscal year.
6. Glenmark Pharma: During the June FY24 quarter, the pharmaceutical company achieved a consolidated profit of Rs 173.1 crore, experiencing a decline of 18% in comparison to the corresponding period of the previous year.
7. ONGC: The government-owned enterprise announced a remarkable 102% rise in its consolidated net profit, reaching Rs 17,383 crore for the quarter concluding in June 2023. However, the revenue from operations stood at Rs 1.63 lakh crore, marking a decrease of 10% compared to the figure of Rs 1.82 lakh crore recorded in the corresponding period of the previous year.
8. Vedanta: The acquisition of Meenakshi Energy by the mining major has been granted approval by the National Company Law Tribunal. The company had previously announced its intention to acquire Meenakshi Energy for a sum of Rs 1,440 crore in January.
9. Jindal Steel: For the quarter concluding in June FY24, the company has reported a consolidated profit of Rs 1,691.8 crore. This marks a decline of 15% when compared to the same period in the previous fiscal year.
10. Voltas: The prominent air-conditioning company has reported a consolidated profit of Rs 129.4 crore for the quarter ending in June FY24. This signifies an increase of 18.2% compared to the same period in the previous fiscal year. The growth in profit was primarily influenced by an upsurge in other income and topline. However, the profitability was limited due to a decrease in operating margin.