Top 10 stocks for today – 14th July, 2023

14 Jul 2023 , 08:24 AM

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

1. Wipro: The software services provider has reported a 6.6% decrease in consolidated profit, amounting to Rs 2,870 crore, for the quarter ending June FY24. The revenue from IT services experienced a 1.8% decline quarter-on-quarter (QoQ), reaching Rs 22,755 crore. In dollar terms, the revenue stood at $2,778.5 million, slightly surpassing analysts’ expectations but still showing a 1.6% decrease QoQ. In constant currency, the IT services revenue dropped by 2.8% QoQ.
2. Angle one: During the quarter ended in June, Angel One witnessed a notable increase in its consolidated net profit, which rose by 22% to reach Rs 221 crore. Additionally, the revenue from operations for the first quarter reached Rs 807 crore, showing a significant 18% year-on-year growth.
3. Patanjali Foods: Patanjali Foods has received a positive and robust response from institutional investors for its Offer for Sale (OFS). As a result, the company has chosen not to exercise the green shoe option of selling an additional 2% stake. The OFS is now open for retail investors starting today.
4. Bandhan Bank: The company will announce its first quarter results today.
5. Tata Metaliks: Tata Metaliks recorded a substantial increase in net profit for the quarter ended June, amounting to Rs 4.55 crore. This represents significant growth compared to the previous year’s figure of Rs 1.22 crore. However, when compared to the net profit of Rs 55.5 crore reported in the fourth quarter of the previous fiscal year, the profit experienced a significant decline of nearly 92%.
6. RVNL: The National Highways Authority of India has granted a Letter of Award to the state-owned railway company. The award is for the rehabilitation and upgradation of the Chandikhole-Paradip section of NH-53 in Odisha. The project will involve expanding the road from 4 lanes to 8 lanes and will be carried out under the HAM mode. The total value of the project is Rs 808.48 crore.
7. Samvardhana Motherson: The company has successfully finalized the acquisition of a 51% equity stake in Saddles International Automotive and Aviation Interiors Private Limited. Saddles International specializes in producing high-quality upholstery specifically designed for passenger vehicles.
8. GMR Power and Urban Infra: The subsidiary of the company has received a Letter of Intent from Purvanchal Vidyut Vitran Nigam Ltd. and Dakshinanchal Vidyut Vitran Nigam Ltd. to undertake the installation, integration, and maintenance of 75.69 lakh smart meters in these regions.
9. Glenmark Pharma: According to individuals familiar with the matter, Nirma Ltd., an Indian conglomerate, and Sekhmet Pharmaventures, backed by PAG, have emerged as shortlisted bidders for acquiring a controlling stake in Glenmark Life Sciences.
10. JBM Auto: JBM Auto and its subsidiaries have successfully secured orders to supply nearly 5000 electric buses to various State Transport Undertakings (STUs) in states such as Gujarat, Haryana, Delhi, Telangana, Orissa, and others. Additionally, they have also received orders from multiple Fortune 500 companies.