Top 10 stocks for today – 1st August, 2023

1 Aug 2023 , 08:09 AM

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

1. Maruti Suzuki: Maruti Suzuki’s net profit in the first quarter soared, more than doubling to Rs 2,485 crore. Additionally, the company witnessed a 22% increase in revenue from operations, reaching Rs 32,327 crore.
2. DLF: According to sources, a significant block deal is expected in the real estate major’s shares tomorrow, with a total value of Rs 1,086.2 crore. The seller in this block deal is reportedly the promoter or promoter group of the company.
3. Bosch: On Monday, the auto components major revealed its financial results for the first quarter that ended on June 30, 2023. The company reported a substantial year-on-year increase of 22.4% in net profit, amounting to Rs 408.9 crore.
4. Power Grid: In the first quarter, Power Grid Corporation of India Limited (Power Grid) experienced a decline in its consolidated net profit, falling by 5% to Rs 3,597 crore. Despite the decrease in net profit, the company’s Board has proposed the issuance of bonus shares in the ratio of 1:3.
5. Reliance Industries: On Monday, Reliance Retail launched the all-new JioBook laptop in India. This latest version is significantly lighter and more advanced compared to its predecessor, which was initially introduced to the market in October 2022.
6. SBI: On Monday, the State Bank of India (SBI) successfully raised Rs 10,000 crore through its third infrastructure bond issuance. The bonds were issued at a coupon rate of 7.54 percent. The bidding for these bonds occurred on July 31, 2023.
7. Bank Of India: On Monday, the state-owned bank announced an increase in lending rates by 5 basis points (bps) across all tenures. The change in rates is effective from August 1, 2023, as per the Pricing Policy approved by the bank’s board.
8. Easy Trip Planners: On Monday, the online travel service provider announced its acquisition of a 51% stake in three companies: Guideline Travels Holidays India Private Ltd, Dook Travels Private Ltd, and Tripshope Travel Technologies Private Ltd.
9. IRB Infra: On Monday, the company disclosed its financial results for the first quarter that ended on June 30, 2023. The net profit for the quarter experienced a significant decline of 63.2% year-on-year, amounting to Rs 133.8 crore.
10. M&M:  On Monday, the auto major announced its plans to establish two new facilities in Tamil Nadu. The first facility will be an electric vehicle battery testing center, which will be set up at Mahindra Research Valley in Chengalpattu. The second facility will be a crash test facility, to be located at Mahindra SUV Proving Track SIPCOT.