Top 10 stocks for today – 17th July, 2023

17 Jul 2023 , 07:53 AM

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

1. Avenue Supermarts: The operator of D-Mart stores has reported a 2.3% year-on-year growth in standalone profit, amounting to Rs 695.4 crore, for the quarter ending June of FY24. This growth was influenced by a lower operating margin. The revenue for the quarter reached Rs 11,584.4 crore, representing a substantial increase of 18.1% compared to the same period in the previous year.
2. Angle One: Angel One, the broker with the largest number of Authorized Persons (sub-brokers) at 21,000, is currently facing strict measures. They are now restricted from adding any new sub-brokers for a duration of six months, and their operations will be subject to thorough inspections.
3. HDFC Bank: The company to announce the results for quarter 1 for FY24 today.
4. JSW Energy: During the June quarter, the company experienced a 3.3 percent decline in revenue, amounting to Rs 2,927 crore. Additionally, their net profit decreased by nearly half, reaching Rs 289.9 crore. The rise in interest costs can be attributed to factors such as Mytrah interest costs and ongoing growth capital expenditures.
5. Bandhan Bank: Bandhan Bank reported a net profit of Rs 721 crore, which fell short of market expectations of Rs 761.4 crore. Additionally, their Net Interest Income (NII) was slightly lower than anticipated, amounting to Rs 2,490.8 crore. The bank’s Gross Non-Performing Assets (NPA) increased from 4.87% to 6.76% sequentially, while the Net NPA rose from 1.17% in March to 2.18%.
6. Lupin: Lupin has received approval from the USFDA for its Abbreviated New Drug Application (ANDA) for Chlorpromazine Hydrochloride Tablets USP in various strengths, including 10 mg, 25 mg, 50 mg, 100 mg, and 200 mg. This approval allows Lupin to market a generic equivalent of the reference listed drug (RLD) manufactured by Upsher-Smith Laboratories.
7. Nestle: The FMCG company has been granted in-principle approval by The Industrial Promotion & Investment Corporation of Odisha Limited to establish a food processing unit in Khordha, Odisha. The company plans to invest Rs 894.10 crore in the said food processing unit.
8. PowerGrid: The board has given approval for the implementation of advanced metering infrastructure projects, with a total worth of Rs 4,067.3 crore. Additionally, the board has approved the transfer of the telecom business undertaking from the holding company to its subsidiary, Power Grid Tele.
9. Suzlon Energy: Suzlon has successfully secured an order from Everrenew Energy Pvt. Ltd. for a project in Tamil Nadu. The order entails the supply of 48 wind turbines, each with a rated capacity of 2.1 MW, amounting to a total capacity of 100.8 MW. The project is scheduled to be commissioned by March 2024.
10. HAL: India and France have entered into a collaborative effort to jointly develop a combat aircraft engine. A shareholder agreement has been established between Hindustan Aeronautics Limited (HAL) and Safran, with the aim of developing an engine for Indian Multi Role Helicopters. As part of this agreement, Safran Helicopter Engine and HAL have signed a deal for the transfer of technology related to the forging and castings of the Shakti engine.