Top 10 stocks for today-17th October 2022

17 Oct 2022 , 07:45 AM

The Singapore Exchange’s Nifty futures is trading 135.5 points, or 0.79%, lower at 17,077.5, indicating that stock markets would have a bad start to the week. The following 10 stocks may show price movement in today’s market. To check more hot stocks, click at: https://www.indiainfoline.com/markets/hot-stocks

1. HDFC Bank:

The largest private lender reported an increase in its consolidated net profit after tax of 22.30% to Rs11,125.21 crore for the September quarter.

1. Electronics Mart India:

On Monday, the retailer of electronics’ shares will list on the stock exchange for the first time. In order to generate Rs500 crore through its inaugural stake sale, the company sold its shares between October 4 and 7 for Rs59 per share.

1. Bajaj Auto:

Due to a 25% fall in overseas exports, the two-wheeler manufacturer recorded a 16% decline in its consolidated net profit after tax to Rs1,719 crore for the September quarter.

1. Shree Cement:

In the second quarter of 2022 which concluded in September,  the cement manufacturer recorded a 67.5% fall in its combined net profit after tax to Rs183.24 crore.

1. Adani Enterprises:

The principal business of the Adani Group will pay an undisclosed sum to buy SIBIA Analytics and Consulting Services, a leading provider of advanced analytics and machine learning in Kolkata.

1. Avenue Supermarts:

As average basket values continue to improve, the owner of the D-Mart retail chain recorded a 64.13% increase in its consolidated net profit at Rs685.71 crore in the July-September quarter of FY23.

1. L&T Infotech:

For the quarter that ended in September 2022, the IT company reported an increase in its total net profit after tax of roughly 23%, coming in at Rs679.8 crore.

1. Tata Elxsi:

For the quarter that ended September FY23, an IT firm of the Tata Group increased earnings by 39.3% year over year to Rs174.2 crore, helped by topline growth.

1. Federal Bank:

The private lender recorded a 50% increase in its consolidated net profit for the September quarter, coming in at Rs733.34 crore, thanks to strong growth in both interest and other income streams.

1. Zee Entertainment Enterprises:

The media giant has informed that the merger with rival Culver Max Entertainment Pvt Ltd, formerly known as Sony Pictures Networks India (SPNI), has been authorized by its shareholders.

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