Top 10 stocks for today — 20th October 2022

20 Oct 2022 , 08:18 AM

The Singapore Exchange’s Nifty futures traded 137.5 points, or 0.79%, lower at 17,366, indicating that the stock markets may have a bad start to the day on Thursday. The following equities may show price movement in today’s trading session. To check more hot stocks, click athttps://www.indiainfoline.com/markets/hot-stocks

1. IndusInd Bank:

On Wednesday, the bank announced a strong gain in net profit of 60.4%, year over year (YoY), to Rs1,787 crores for the quarter that ended in September. For the quarter, net interest income increased by over 18% to Rs4,302 crores.

1. Havells India:

After reporting PAT of Rs187 crore for the September quarter, shares of the consumer electronics company will be the subject of attention.

1. Asian Paints:

Today, Asian Paints will release its quarterly financial results. The paint maker is anticipated to record double-digit growth in sales thanks to the price hike as well as ongoing market share increases.

1. Life Insurance Corporation:

India’s Life Insurance Corporation would invest Rs13.20 crore in LIC (Lanka).

1. Bharat Electronics:

Triton Electric Vehicle India gave Bharat Electronics an order for battery packs for Rs8,060 crore.

1. Max Financial Services:

The operating performance and other income helped Max Financial Services’ Q2 consolidated profit increase by 29% YoY to Rs61.61 crore.

1. Inox Leisure:

Inox Leisure reported Q2 loss of Rs40.37 crore which was caused by subpar operating results and a reduced topline. Revenue decreased 36% quarter over quarter.

1. Persistent Systems:

For the quarter that ended in September FY23, the IT services company reported a profit after tax of Rs220 crore, up 4% sequentially, on sales of Rs2,048.6 crore, up 9.1% QoQ.

1. NHPC:

Through open market transactions, Life Insurance Corporation of India sold its 2.02% stake in the business.

1. Jindal Steel & Power:

To provide its steel factory in Odisha with 1,000 MW of carbon-free energy, Jindal Steel & Power and Greenko Group have signed a memorandum of understanding.

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