Top 10 stocks for today – 19th July, 2023

19 Jul 2023 , 08:01 AM

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

1. IndusInd Bank: IndusInd Bank achieved a remarkable 33% growth in net profit for the quarter ending in June, reaching an impressive Rs 2,124 crore. During the same period, the bank’s total income surged by 28% year-on-year, amounting to Rs 12,939 crore.
2. SBI: SBI has announced its plan to establish a trustee company, which will operate as its wholly-owned subsidiary, specifically to oversee the management of the Corporate Debt Market Development Fund (CDMDF). For this fund, SBI Funds Management Ltd has been selected to act as the investment manager and sponsor.
3. Hero Motocorp: On Tuesday, the two-wheeler maker unveiled the latest addition to its lineup, the Xtreme 200S 4 Valve. This new model comes with advanced features, including smartphone connectivity with turn-by-turn navigation functionality. The bike is equipped with Bluetooth capability, allowing riders to receive call and SMS alerts conveniently.
4. CIE Automotive: On Tuesday, the auto component firm announced a significant increase in its consolidated net profit for the second quarter that ended on June 30, 2023. The company recorded a remarkable 59.7% year-on-year surge, reaching Rs 301.7 crore in net profit.
5. ICICI Lombard: ICICI Lombard, in its financial report for the first quarter ended June, revealed a notable 12% year-on-year growth in net profit. The company’s net profit reached Rs 390 crore during this period.
6. Network18: On Tuesday, the media firm released its financial results for the first quarter ending on June 30, 2023. The company reported a remarkable 142% increase in consolidated total revenue, reaching Rs 3,238.9 crore, as compared to Rs 1,339.9 crore in the same period of the previous fiscal year. However, during the first quarter, the company incurred a net loss of Rs 38.7 crore.
7. L&T Tech: In the first quarter, L&T Technologies witnessed a noteworthy growth in its consolidated net profit, which surged by 13% year-on-year to reach Rs 311 crore. Additionally, the company’s revenues for the same period experienced a substantial increase of 15% YoY, amounting to Rs 2,301 crore.
8. IndusInd Bank: In the quarter ended June, the private sector lender recorded a significant 32.5 percent surge in net profit, reaching Rs 2,123.6 crore. Moreover, the net interest income (NII) stood at Rs 4,867 crore, surpassing the CNBC-TV18 poll estimate of Rs 4,821.7 crore.
9. Rallies India: Rekha Jhunjhunwala, a prominent investor, recently divested a 5% stake in Rallis India through block deals. Following the sale, the promoter Tata Chemicals acquired those shares from the market.
10. Tata Communications: Investors and market watchers will closely observe the performance of Tata Communications, L&T Finance, and Bank of Maharashtra as these companies are set to announce their first-quarter results.