Top 10 stocks for today

7 Jul 2022 , 08:24 AM

Here are the top 10 stocks that can see movement in their prices today:

1. Dr Reddy’s Laboratories:

According to company chairman K Satish Reddy and co-chairman and managing director GV Prasad, as part of its sustainability ambitions, the domestically based pharmaceutical giant seeks to treble its reach to 1.5 billion patients by 2030.

1. Titan Company:

The Tata group company reported that a low base from the Covid-19-impacted quarter the previous year helped to boost revenues in the April-June quarter by almost three times on a year-over-year basis. Throughout Q1FY23, its network growth and marketing made good progress.

1. IndusInd Bank:

A strategic relationship between the private lender bank and MoEngage, an insights-driven customer engagement platform, was announced in order to provide a unique digital experience throughout various customer journeys. The technological platform of MoEngage will be used by Industrial Bank to provide its clients with a ‘Gen Z’ digital banking experience.

1. Power Grid Corporation of India:

Two proposals to generate up to Rs11,000 crore through the sale of bonds and term loans were authorized by the board of the state-owned electricity company. The board of directors meeting on July 6, 2022, accepted the proposals to raise Rs11,000 crore.

1. Punjab National Bank:

The public sector lender claimed to have raised Rs2,000 crore through the private issuance of Basel III compliant bonds with a select group of investors. Basel III compliant additional tier-I bonds totalling Rs2,000 crore have been issued and distributed by the bank at an 8.75% annual coupon rate.

1. Macrotech Developers:

Due to robust demand for its residential homes, the real estate company reported an almost three-fold increase annually in sales bookings at Rs2,814 crore in the April—June quarter of this fiscal. Under the Lodha brand, Macrotech Developers sells its properties.

1. Zydus Wellness:

The consumer goods company, which has its headquarters in Ahmedabad and has acquired iconic brands like Glucon-D, Complan, and Nycil, is aggressively exploring for inorganic development prospects to support its expansion objectives. To increase its customer base, the organization is concentrating on innovations for portfolio diversification and expansion.

1. Canara Bank:

With effect from Thursday, the state-run lender increased the marginal cost of funds-based lending rate by 10 basis points across tenures. With effect from July 7, the benchmark one-year MCLR, against which the majority of consumer loans such as auto, personal, and house are priced, has been hiked to 7.50%.

1. Equitas Small Finance Bank:

The private lender reported that as of June 30, its gross advances increased by 22% from a year earlier to Rs21,699 crore. Disbursements by the bank during Q1 FY23 increased by 156% to Rs3,238 crore from Rs1,265 crore during the same period last year.

1. Vakrangee, GM Breweries:

Several businesses, including Vakrangee, GM Breweries, GG Automotive Gears, and Sri Krishna Constructions (India), will present their corporate earnings for the June 2022 quarter today.