Top 10 stocks for today - 17th October 2023

17 Oct 2023 , 08:47 AM

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

HDFC Bank: India’s largest private sector lender reported a standalone profit of Rs 15,976 crore for the fiscal year ended September FY24, rising 50.6% from the previous year and above street expectations. Net interest income increased by 30.3% to Rs 27,385 crore for the quarter, with the core net interest margin at 3.65% and the reported net interest margin at 3.4%.

Jio Financial Services: The financial services company’s earnings increased 101.3% quarter on quarter to Rs 668.18 crore, while income from operations increased 46.8% QoQ to Rs 608.04 crore for the fiscal quarter ending September FY24.

SBI Cards & Payment Services: Amit Batra resigned as the company’s Executive Vice President and Head of Open Market and Corporate Sales on December 26 owing to personal reasons.

Godrej Properties: The Maharashtra City and Industrial Development Corporation (CIDCO) has issued an order cancelling the allotment of two plots in Sanpada, Navi Mumbai. Godrej Properties was the top bidder for the aforementioned sites in Navi Mumbai. 

Oil India: The board of directors of the state-run oil and gas exploration business has approved the charter rental of one (one) no. anchor moored drillship or semi-submersible drilling unit, along with related equipment and services, for a total estimated cost of Rs 1,282.55 crore. 

Tata Power: Tata Power Renewable Energy, a subsidiary of Tata Power, has signed a power delivery agreement (PDA) with auto component maker Endurance Technologies via TP Green Nature, a special purpose vehicle (SPV), for the building of a 12.5 MW AC captive solar project. The plant, which is to be built in Aachegaon, Maharashtra, would generate 27.5 million units (MUs) of energy per year. 

Delta Corp: BofA Securities Europe SA sold 30.08 lakh equity shares in the casino gaming firm via open market transactions at an average price of Rs 127.97 per share, while Societe Generale sold 13.58 lakh shares at an average price of Rs 128.48 per share, raising Rs 55.9 crore in total.

KEC International: New orders worth Rs 1,315 crore have been received by the RPG Group company across its different businesses, including transmission and distribution projects in India, the Middle East, Australia, and the Americas.

Aurobindo Pharma: Eugia Steriles’ green-field production factory in Visakhapatnam has been opened by the firm. Eugia Steriles is wholly owned by Eugia Pharma Specialities and is a step-down subsidiary of Aurobindo.

JK Paper: The board of directors has approved the purchase of Manipal Utility Packaging Solutions for Rs 88.7 crore. The transaction is expected to be completed within six weeks of the target business signing a Share Purchase Agreement (SPA).

 

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