Top 10 stocks for today – 19th April 2024

19 Apr 2024 , 09:23 AM

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

1. Infosys: Revenue growth for FY25 is anticipated to range between 1% to 3%. The company also fell below expectations regarding US Dollar revenue, margin, and profit. Although profit may appear to exceed expectations, this is primarily attributed to an other income component. Additionally, the company announced a total dividend of ₹28 per share.
2. Bajaj Auto: The company has reported a net profit of ₹1,936 Crore. Additionally, the revenue stood at ₹11,485 Crore, exceeding the estimated. Moreover, both EBITDA and margin outperformed the estimates. Comparing year-on-year figures, there’s notable growth. Margin expanded by 80 basis points, reaching a significant milestone.
3. Gokaldas Exports: The company has initiated a Qualified Institutional Placement (QIP) to raise funds, setting a floor price of ₹789.99, which represents a 3% discount to Thursday’s closing price. The board is scheduled to convene again on April 23 to finalize the issue price of the QIP.
4. ITC: ITC Infotech India, a wholly-owned subsidiary, has entered a share purchase agreement to acquire 100% shares in Blazeclan Technologies Pvt. Ltd. The acquisition, valued at ₹485 Crore in cash, is anticipated to be finalized within the next six to eight weeks. Blazeclan Technologies Pvt. Ltd., a partner with AWS and Snowflake, specializes in cloud migration and digital services. This strategic acquisition is poised to enhance ITC Infotech’s ability to cater to its customers in a multi-cloud and hybrid cloud environment, thus strengthening its service capabilities.
5. Vodafone Idea: The telecom operator’s follow-on public offer will continue its bidding process on April 19, marking the second day of bidding. On the opening day, the offer received a subscription of 26%.
6. ICICI Securities: The company’s net profit has surged to ₹536.5 Crore from ₹262.7 Crore in the previous year, marking a substantial increase. Revenue has experienced a robust growth of 74.4%, reaching ₹1,543.2 Crore. Consolidated EBITDA has seen an impressive rise of 96.2% to ₹1,079.3 Crore, with the EBITDA margin climbing to 69.9% from 62.2% in the preceding year.
7. Mahindra Lifespace: After the launch of Bengaluru’s first net zero waste + energy residential project, Mahindra Zen, the real estate and infrastructure development subsidiary of the Mahindra Group has received bookings for over 150 homes in just 2 days. These bookings amount to a value of ₹350 Crore.
8. RVNL: The company has signed a Memorandum of Understanding (MoU) with Turkish Engineering Consulting and Contracting – TUMAS India, establishing a partnership and collaboration framework for public transportation and infrastructure projects in India.
9. Container Corporation of India: The state-owned logistics service provider has entered into a Memorandum of Understanding (MoU) with PSA Mesa Supply Chain Pte. Ltd. This collaboration aims to provide customers with seamless and cost-effective logistics services. PSA MESA, a wholly-owned subsidiary of PSA International, a prominent global port operator, manages four maritime container terminals and two container freight stations in India.
10. Federal Bank: The private sector lender has obtained approval from the Reserve Bank of India (RBI) to establish a representative office in the Kingdom of Saudi Arabia. However, this approval is contingent upon further regulatory clearance from the relevant authorities in Saudi Arabia.