Top 10 stocks for today – 18th July, 2023

18 Jul 2023 , 09:01 AM

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

LTIMindtree: The technology consulting and digital solutions firm reported a 3.4% sequential increase in consolidated profit to Rs 1,151.5 crore for the fiscal quarter ended June FY24, driven primarily by other income and operating margin. Revenue from operations increased by 0.13% quarter on quarter to Rs 8,702.1 crore, while revenue growth in constant currency and dollar terms was 0.1% each quarter. 

IDFC: The board of directors has approved the reappointment of Mahendra N Shah as Managing Director, as well as the appointment of Bipin Gemani as Whole Time Director and Chief Financial Officer. He has been associated with IDFC for over 25 years.

Tata Elxsi: The design-led technology services company announced that its earnings jumped by 2.2% year-on-year to Rs 188.85 crore in the fiscal year ended June FY24, owing to a negative operating margin. In comparison to the previous year, revenue from operations increased by 17.1% to Rs 850.3 crore.

Sheela Foam: The board of directors has approved the acquisition of foam and coir-based home comfort products producer Kurlon Enterprise, as well as furniture company House of Kieraya (Furlenco) by the polyurethane foam manufacturer. Sheela Foam will pick up a 94.66% share in Kurlon Enterprise for Rs 2,150 crore, with the transaction likely to close on or before November 30, 2023, and a 35% stake in Furlenco for Rs 300 crore.

Reliance Industries: After the demerger of Reliance Industries’ financial services unit into Reliance Strategic Investments on July 20, Jio Financial Services would be included in a total of 19 NSE indices. Jio Financial Services will replace Reliance Strategic Investments.

Amara Raja Batteries: Clarios ARBL Holding LP, a foreign investor, is expected to pare the stake in car battery producer in a block deal on July 18. The minimum share price has been set at Rs 651 per share. Clarios ARBL Holding LP owns 14% of Amara Raja, or 2.39 crore shares.

RPP Infra Projects: The RPP-HSEA joint venture, controlled by RPP Infra Projects and Hs Engineers Associates, has received a LoA for a new project of Rs 138.24 crore in Himachal Pradesh. RPP Infra, with a 51% stake, and its JV partner (49% stake), will invest in the project according to their capabilities and finish it within the time frame set.

Alembic Pharmaceuticals: Goldee Pardesi has been hired as AVP-Sales and Marketing for the pharma company’s derma segment, effective July 17.

Gujarat Fluorochemicals: Gujarat Fluorochemicals FZE, the company’s wholly-owned subsidiary, commenced commercial operations in Dubai on July 17. In December 2021, the company established a subsidiary in Dubai.

Hathway Cable and Datacom: The cable TV and fiber internet provider reported a 6.7% year-on-year increase in consolidated profit to Rs 22.36 crore for the fiscal quarter ended June FY24, primarily due to other income.