Top 10 stocks for today – 20th January 2024

20 Jan 2024 , 08:50 AM

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

1. Reliance Industries: The company owned by billionaire Mukesh Dhirubhai Ambani has posted robust figures for the quarter ending December FY24. The consolidated net profit has witnessed a substantial 10.9 percent YoY growth, reaching Rs 19,641 crore.
2. Hindustan Unilever: The FMCG major has reported a marginal 0.6 percent year-on-year rise in standalone net profit, reaching Rs 2,519 crore for the October-December quarter of FY24. This increase is attributed to a subdued topline and modest margin growth of 10 basis points YoY.
3. Tata Steel: The Tata Group company is set to initiate statutory consultation as a part of its strategy to reshape and restructure its UK business. The plan could potentially affect up to 2,800 employees, with approximately 2,500 roles expected to be impacted in the next 18 months.
4. PayTm: The operator of Paytm has reported a net loss of Rs 219.8 crore for the October–December FY24 quarter, showing a reduction from a loss of Rs 392 crore in the corresponding period last year. Revenue from operations experienced a substantial increase, rising by 38.2 percent year-on-year to reach Rs 2,850.5 crore for the quarter.
5. Zee Entertainment: On Friday, the media major stated that the company is ‘not aware of, and cannot comment on’ any board meeting held or proposed to be held by Culver Max Entertainment. It emphasized that such matters are internal affairs of Sony. The company, through a regulatory filing, confirmed its ongoing efforts to ensure a successful closure of the $10 billion merger with Culver Max Entertainment.
6. KPI Green Energy: Subsidiary KPIG Energia has secured a new order for the execution of a 5.60 MW solar power project from Shree Varudi Paper Mill LLP. The project is set to be completed in various tranches during the financial year 2024–25 in accordance with the terms of the order.
7. Fortis Healthcare: Agilus Diagnostics, a subsidiary of company has recently been served notice by the anti-corruption branch of the Delhi government. The notice pertains to alleged anomalies in diagnostic tests conducted at Mohalla clinics.
8. CESC: The net profit for the third quarter declined by 11.9% to ₹281 crore, while revenue experienced a 3.7% growth from the previous year, reaching ₹3,244 crore. However, EBITDA dropped by 30.2%, and the margin narrowed by over 500 basis points, standing at 10.7% compared to the previous figure of 15.9%.
9. RBL Bank: The standalone profit of the private sector lender for the quarter ending December FY24 has been reported at Rs 233 crore, reflecting a 12% YoY increase. However, it falls short of analysts’ estimates.
10. DCX Systems: The company has officially closed its Qualified Institutional Placement (QIP) process, securing a substantial amount of Rs 500 crore.