Top 10 stocks for today - 19th October 2023

19 Oct 2023 , 09:04 AM

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

IndusInd Bank: The private sector lender reported a standalone profit of Rs 2,181.5 crore for the fiscal quarter ended September FY24, up 22.09 percent year on year, thanks to lower provisions and steady asset quality. During the same quarter, net interest income increased by 18% year on year to Rs 5,076.7 crore, while net interest margin stayed stable at 4.29 percent QoQ but up by 5 basis points year on year.

Bajaj Auto: The Pune-based automaker recorded a standalone profit of Rs 1,836.1 crore for the fiscal quarter ended September FY24, up 20% year-on-year, with better-than-expected operating metrics.

Wipro: The technology services and consulting firm reported revenue from operations of Rs 22,395.8 crore for the quarter ended September FY24, a 1.6 percent decrease sequentially, with dollar revenue falling 2.3 percent QoQ to $2,713.3 million and revenue in constant currency declining 2 percent.

HUDCO: In addition to the basic issue size of 3.5% or 7 crore shares, the Government of India has chosen to exercise the oversubscription option and sell an additional 3.5% stake or 7 crore equity shares in the offer-for-sale on October 19.

LTIMindtree: The IT services company’s results for the July-September period of FY24 were somewhat higher than projected, with profit growing 0.9% QoQ to Rs 1,161.8 crore and sales climbing 2.3% to Rs 8,905.4 crore. 

Persistent Systems: The Pune-based technology services company posted a profit of Rs 263.3 crore for the fiscal quarter ended September FY24, up 15.1% sequentially, with sales up 3.9% to Rs 2,411.7 crore. Revenue in terms of dollar increased by 3.1% y-o-y to $291.70 million.

Bandhan Bank: The earnings of the Kolkata-based private sector lender was Rs 721.2 crore for the July-September period of FY24, up 245% year-on-year due to a substantial drop in provisions, while asset quality deteriorated. Net interest revenue for the quarter climbed by 11.4% year-on-year to Rs 2,443.4 crore.

VA Tech Wabag: Pankaj Malhan has resigned as the company’s Deputy Managing Director and Group CEO (senior managerial staff) owing to personal reasons. He will be released from the company’s employ on October 30.

Mastek: The UK’s Government Digital Service (GDS) has awarded the digital engineering and cloud transformation firm a three-year contract. The three-year contract is worth 8.5 million pounds, with the option to extend it to a total of five years.

Infosys: Infosys announced an expansion of its partnership with Google Cloud to assist organizations in creating AI-powered experiences by utilizing Infosys Topaz services and Google Cloud’s generative AI solution.

 

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