Top 10 stocks for today – 15th February 2024

15 Feb 2024 , 08:26 AM

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

Adani Enterprises: Mumbai Travel Retail, Adani Enterprises’ step-down business, has completed the establishment of a wholly owned subsidiary in the UAE, OSPREE International FZCO.

One 97 Communications: The company, its subsidiaries, and its associate, Paytm Payments Bank, have received notices and requests for information, documents, and explanations from authorities, including the Enforcement Directorate (ED), in relation to customers who may have transacted with the respective entities. Meanwhile, the exchanges increased the stock’s circuit limit to 5% from 10% previously.

Hindustan Unnilever: The FMCG company is in talks with the Andhra Pradesh government about collaborating on palm oil production in the state. HUL wanted to work with around 15,000 farmers in Andhra Pradesh to establish at least 30,000 hectares of oil palm plantations. The planned strategy will result in investments of more than ₹300 Crore over the project’s development phase. The projected palm oil plant is estimated to generate more than 1,000 direct and indirect employment in the state.

Aditya Birla Fashion & Retail: The Aditya Birla Group reported a consolidated net loss of ₹77.9 Crore for the quarter ended December FY24, compared to a profit of ₹15.8 Crore in the previous year, which was hurt by higher other costs. Revenue from operations increased by 16.1% year on year to ₹4,166.7 Crore in the quarter.

Indian Railway Catering and Tourism Corporation: The Government of India has approved the appointment of Sanjay Kumar Jain as Chairman and Managing Director of IRCTC on an immediate absorption basis. Sanjay Kumar Jain resigned as PCCM/Northern Railway on February 13, 2024, and has been appointed Chairman and Managing Director of IRCTC on a regular basis, beginning February 14.

Indiabulls Housing Finance: The home financing company posted a standalone profit of ₹225.74 Crore for the quarter ended December FY24, down 1.6% from the previous year’s period. Net interest income fell 46.9% year on year to ₹196.61 Crore during the quarter.

Muthoot Finance: The gold financing firm declared a standalone profit of ₹1,027.3 Crore for the October-December quarter of FY24, up 14% from the same period in the previous fiscal. Net interest income for the quarter climbed by 11.80% year-on-year to ₹1,905.7 Crore. Meanwhile, the business has got board permission for an additional equity investment of ₹300 Crore in subsidiary Belstar Microfinance, as well as a secondary acquisition of Belstar equity shares from its existing promoters for up to ₹75 Crore.

Container Corporation of India: The state-owned firm has inked an update to its existing Memorandum of Understanding (MoU) with Container Company of Bangladesh (CCBL), extending its validity until April 7, 2027. The aforementioned MoU was previously signed in 2017 to create methods for running container trains between India and Bangladesh to ease cross-border commerce, as well as to develop different infrastructure, logistics enterprises, and project services.

Gland Pharma: The pharmaceutical business reported a net profit of ₹191.9 Crore for the quarter ended December FY24, a 17.3% decrease from the previous year due to a dismal operating margin. Revenue from operations increased by 65% year on year to ₹1,545.2 Crore in the quarter.

Gujarat State Petronet: The natural gas distribution company’s total net profit rose 9.9% year on year to ₹394.9 Crore in the third quarter of FY24. Revenue from operations increased by 9.8% year on year to ₹4,389 Crore in the quarter.

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