Top 10 stocks for today – 16th August, 2023

16 Aug 2023 , 08:49 AM

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

1. ITC: In the first quarter (Q1), ITC disclosed a notable 18% increase in net profit, amounting to Rs 4,903 crore. However, the revenue from operations experienced a decrease of 8%, reaching Rs 15,828 crore. The net profit surpassed the expectations of an ETNow poll, which projected a figure of Rs 4,769 crore. Conversely, the revenue fell short of the anticipated Rs 16,893 crore.
2. Vodafone Idea: Vodafone Idea’s losses expanded to Rs 7,840 crore for the quarter concluding in June. On the other hand, there was a slight 2% increase in revenue from operations, reaching Rs 10,655 crore.
3. Zee: The Securities and Exchange Board of India (SEBI) is set to conclude its investigation into the case involving ZEE owners Subhash Chandra and Punit Goenka within a span of 8 months.
4. IndiGo: Reports suggest that the family of Rakesh Gangwal is considering the sale of shares worth more than Rs 3,000 crore in IndiGo through block deals.
5. Hero Motocorp: Hero MotoCorp has issued a clarification regarding the Munjal family’s situation, stating that a settlement agreement had been reached in 2016. At that time, Sunil Kant Munjal had communicated his intention to step down from his position as Joint Managing Director of the company.
6. HCL Tech: Cricket Australia (CA) has chosen the IT services company for the upcoming phase of its digital transformation journey. HCL Technologies has been a key partner for CA’s digital transformation efforts since 2019.
7. M&M: Mahindra Tractors has introduced its lightweight tractor platform, known as Mahindra Oja, in Cape Town, South Africa. This marks the debut of The Mahindra Group’s first lightweight tractor. The Oja platform has the potential to contribute to a substantial increase in tractor export volumes for the company, potentially doubling them over the course of the next three years.
8. SRF: The GST Department conducted a search of the company’s factory premises in Bhiwadi, Rajasthan. During this operation, officials examined specific documents and requested additional documentation related to the claim of GST credit. As a response, the company has submitted Rs 4 crore for State Goods and Services Tax (SGST) under protest.
9. Infosys: Infosys and Liberty Global have entered into a significant $1.64 billion deal aimed at advancing and expanding the digital entertainment and connectivity platforms of the communications company.
10. Ashok Leyland: The main Indian entity of the Hinduja Group has obtained board approval to acquire the entire 100% ownership of OHM Global Mobility (OHM India) from OHM International Mobility for a nominal amount of Rs 1 lakh. Given that OHM India has not yet commenced its operations, the consideration for the acquisition was kept at a symbolic level.