Top 10 stocks for today - 18th October 2023

18 Oct 2023 , 08:54 AM

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

L&T Technology Services: The engineering services firm’s net profit increased by 1.4% sequentially to Rs 315.4 crore in the fiscal quarter ended September FY24, above market expectations.

Bajaj Finance: The non-banking financial company’s earnings after tax increased by 28 percent year on year to Rs 3,551 crore for the fiscal quarter ending September FY24. During the same time, net interest income climbed by 26% to Rs 8,845 crore, while new loans booked increased by 26% to 8.53 million.

ICICI Bank: The Reserve Bank of India issued a monetary penalty of Rs 12.19 crore on ICICI Bank for violating Section 20 sub-section (1) of the Banking Regulation Act.

Tata Elxsi: The design-led technology services firm’s net profit increased 5.9% sequentially to Rs 200 crore for the July-September FY24 quarter, while sales increased 3.7% to Rs 881.7 crore. The transportation industry grew by 7.1% year-on-year, thanks to significant acquisitions and strong traction in software-defined vehicle (SDV) engagements.

Mazagon Dock Shipbuilders: The state-owned shipyard has inked a contract with the Ministry of Defence’s procurement wing for the construction and delivery of one training ship for the Indian Coast Guard (ICG) at a cost of Rs 310 crore.

Hindustan Petroleum Corporation: Petromin Corporation, Saudi Arabia, a subsidiary of the AI-Dabbagh group, plans to open 1,000 Petromin Express Stations (fast service vehicle care) in HPCL retail locations in India over the next five years. On October 16, the first 16 Petromin Express Stations were opened in Bengaluru and Chennai.

HUDCO: On October 18-19, the Government of India would sell up to 7,00,66,500 equity shares of HUDCO, representing 3.50 percent of total paid-up equity, with an option to sell an additional 7,00,66,500 equity shares if the oversubscription option is exercised.

Indian Railway Catering and Tourism Corporation: IRCTC has partnered with Zomato to serve and transport preordered meals via IRCTC’s e-catering service in the first phase at five train stations: New Delhi, Prayagraj, Kanpur, Lucknow, and Varanasi.

Kotak Mahindra Bank: Subsidiary Kotak Securities has agreed to sell its whole investment of about 7.50% of Entroq Technologies to Delente Technologies for Rs 508.06 per share. 

Coal India, GAIL, RCF: Coal India, GAIL India, and Rashtriya Chemicals & Fertilisers (RCF) will spend Rs 3,095 crore ($371.90 million) in their Odisha fertilizer joint venture.