Top 10 stocks for today – 14th February, 2024

14 Feb 2024 , 08:12 AM

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

Wipro: The IT services business has invested $66 million in Aggne Global Inc., a US-based company, to improve its insurance consulting and services capabilities. Now, the corporation will acquire a 60% ownership in Aggne and retains the option to purchase the remaining portion over time. The deal is anticipated to be finalised on February 14, 2024.

Sterlite Power: Sterlite Power has obtained ₹ 2,400 Crore in financing from state-owned REC Power Development and Consultancy Ltd (RECPDCL) for its Beawar transmission project in Rajasthan.

Sula Vineyards: The country’s largest wine producer reported a net profit of ₹43 Crore for the October-December quarter of FY24, up 9.4% from the same time the previous fiscal year, boosted by strong operating performance. Revenue from operations increased by 4% year on year to ₹217.5 Crore in the quarter, with the own brands sector increasing by 3.9% to ₹192.8 Crore and the wine tourism business increasing by 16% to ₹14.7 Crore.

Indian Railway Catering and Tourism Corporation: The state-owned company’s standalone net profit increased by 17.4% year on year to ₹300 Crore in the December quarter of FY24. Revenue from operations increased by 21.8% year on year to ₹1,118.3 Crore in the quarter.

Oil India: The oil and gas Maharatna CPSE reported a standalone net profit of ₹1,584.3 Crore for the quarter ended December FY24, a 9.3% decrease from the previous year, owing to a lower topline and poor operating results. Revenue from operations declined 0.9% year on year to ₹5,324 Crore in the quarter.

Zee Entertainment: Despite dismal operating results, the Media and Entertainment Company’s net profit increased by 141% year on year to ₹58.5 Crore in the third quarter of FY24. The basis in the third quarter of FY23 was low due to an extraordinary loss. Revenue from operations declined 3% YoY to ₹2,045.7 Crore for the quarter.

Bharat Electronics: The Navaratna defence DPSU has inked a contract for ₹2,167.47 Crore with the Indian Navy to deliver indigenously built and manufactured electronic warfare (EW) suites for use on warships. This EW suite marks a significant step forward for BEL’s Aatmanirbhar Bharat programme. Since the last declaration on January 30, it has received further orders totaling ₹114.59 Crore for the delivery of SDRs, HD VLF receivers, EVMs, and other items.

MTAR Technologies: The precision engineered systems maker reported a 67% year-on-year fall in net profit to ₹10.4 Crore for the quarter ended December FY24, owing to weak topline and operating metrics. Revenue from operations declined 26.1% year on year to ₹118.4 Crore in the quarter.

Prestige Estate Projects: The south-based real estate developer reported consolidated net profit of ₹164.7 Crore for the October-December period of FY24, up 1.85% from the same period the previous fiscal year, boosted by a healthy operating margin and higher other income but hampered by a subdued topline. Revenue from operations fell 22.5% year on year to ₹1,796 Crore in the quarter.

Eris Lifesciences: On Tuesday, Eris Lifesciences acquired a 51% stake in Swiss Parenterals for ₹637.5 Crore. Swiss Parenterals, based in Ahmedabad, is a global leader in sterile injectables in over 80 emerging markets across Africa, Asia Pacific, and Latin America. It has two facilities in Gujarat that produce a wide range of sterile injectable formulations.

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