Top 10 stocks for today – 15th January 2024

15 Jan 2024 , 08:27 AM

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

Tata Consumer Products: The FMCG firm has inked official agreements to gradually acquire a 100% share in Capital Foods, which owns Ching’s Secret and Smith & Jones. Capital Foods has a ‘no cash/no debt basis’ enterprise value of Rs 5,100 crore. The company said that the 75% of the investment will be done immediately, with the remaining 25% will be acquired over the next three years.

Adani Enterprises: Adani New Industries, the company’s wholly owned subsidiary, has received a Letter of Award (LoA) from the Solar Energy Corporation of India (SECI) to establish an electrolyser manufacturing capacity of 198.5 MW per year in India under the Strategic Interventions for Green Hydrogen Transition Scheme (Tranche-I).

Wipro: The company reported IT services revenue of Rs 22,150.8 crore for the quarter ended December FY24, a 1.09% decrease from the previous quarter, while revenue in dollar terms dropped 2.1% sequentially to $2,656.1 million, and in constant currency fell 1.70% QoQ for the quarter.

Life Insurance Corporation of India: The Corporation received an order from Income Tax authorities regarding an Income Tax claim of Rs 1,370.60 crore issued by the Assistant Commissioner of Income Tax, Mumbai. The company will submit an appeal with the Commissioner (Appeals), Mumbai, against the aforementioned directives.

Bharat Heavy Electricals: NLC India has issued BHEL a Letter of Award (LOA) for the EPC package of the 3×800 MW NLC Talabira Thermal Power Project (NTTPP) in Jharsuguda, Odisha. The project costs Rs 15,000 crore.

FSN E-Commerce Ventures: Lexdale International, an asset management business, has sold 2,62,37,880 equity shares in the Nykaa parent company through open market transactions. These shares were sold at an average price of Rs 188.83 per share, totaling Rs 495.40 crore.

Avenue Supermarts: The D-Mart operator’s consolidated earnings increased by 17% year-on-year to Rs 690 crore in the quarter ended December FY24. During the same time, revenue from operations climbed by 17.3% to Rs 13,572 crore, while EBITDA improved by 16% to Rs 1,120 crore, but the margin remained steady at 8.3% year-on-year.

Lupin: The pharmaceutical company has received approval from the United States Food and Drug Administration (USFDA) for its abbreviated new drug application for propranolol hydrochloride extended-release capsules, allowing it to market a generic equivalent of ANI Pharmaceuticals, Inc.’s Inderal LA extended-release capsules in the United States.

HCL Technologies: The IT business reported a 13.5% QoQ increase in earnings at Rs 4,350 crore for the quarter ended December FY24, above experts’ estimates. During the quarter, sales expanded by 6.7% sequentially to Rs 28,446 crore, with constant currency revenue growth of 6%, while EBIT increased by 13.8% QoQ to Rs 5,615 crore, with a margin improvement of 130 basis points to 19.8%.

Just Dial: The local search engine’s net profit climbed by 22.3% year-on-year to Rs 92 crore in the quarter ended December FY24, while revenue from operations increased by 19.7% to Rs 265 crore during the same time. EBITDA margin increased by 1,054 basis points YoY, driven by topline growth and good cost management.

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