Top 10 stocks for today – 20th July, 2023

20 Jul 2023 , 08:18 AM

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

1. LIC: Sat Pal Bhanoo has been appointed as the Managing Director of LIC of India. Previously, Bhanoo held the position of Additional Zonal Manager at the LIC of India’s zonal office in Bhopal.
2. Federal Bank: On July 19, the private sector lender launched its qualified institutional placement (QIP) issue. The floor price for the QIP has been set at Rs 132.59 per share.
3. Shree Cement: The company’s major has received a letter from the Ministry of Corporate Affairs informing them of an upcoming inspection. The inspection will be conducted under Section 206(5) of the Companies Act, 2013.
4. Dr Reddy’s: USFDA has recently completed both a pre-approval inspection (PAI) and a routine Good Manufacturing Practice (GMP) inspection at the company’s API manufacturing facility in Srikakulam, Andhra Pradesh.
5. Tata Communications: The company has witnessed a 29.8% year-on-year decline in profit, amounting to Rs 381.7 crore for the quarter ended June in FY24. This decline was primarily influenced by factors such as a weak operating margin, lower other income, and higher finance costs during the mentioned period.
6. L&T Finance: L&T Finance has achieved an impressive 102.56% year-on-year growth in consolidated profit, amounting to Rs 530.93 crore for the quarter ended June in FY24. Furthermore, the company’s revenue from operations also demonstrated strong performance, with a nearly 8% increase to Rs 3,223.3 crore compared to the same period in the previous year.
7. Infosys, HUL: The companies to announce their Q1 results for the FY24.
8. SAMIL: The company plans to raise $500 million through overseas bond sale.
9. Olectra Greentech: Megha Engineering & Infrastructures, an ultimate holding of Olectra Greentech has been awarded the contract to construct a greenfield electric vehicle manufacturing facility on 150 acres of land in Hyderabad, Telangana.
10. Finolex Industries:  The PVC pipes and fittings manufacturer has reported a 16.2% year-on-year growth in profit, reaching Rs 115.3 crore for the quarter ended June in FY24. This growth was bolstered by a healthy operating performance during the same period.