Top 10 stocks for today - 20th October 2023

20 Oct 2023 , 08:57 AM

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

Hindustan Unilever Limited: The FMCG giant has recorded an increase in its standalone profit by 3.9% year-on-year to Rs 2,717 crore for the fiscal quarter ended September FY24, owing to better-than-expected operating margin performance and reduced input costs.

Rail Vikas Nigam: RVNL-MPCC has received a letter of acceptance (LOA) for all civil engineering works, supply of 50 mm machine crushed stone ballast, and complete track works in connection with gauge conversion work between Nadiad-Petalad and Petlad-Bhadran of the Western Railway’s Vadodara Division. The total contract value for the two projects was Rs 420 crore.

ITC: The cigarette-to-FMCG-to-hotels conglomerate reported standalone profit of Rs 4,927 crore for the fiscal quarter ended September FY24, up 10.3% year-on-year due to higher other income. Revenue from operations, excluding excise duty, climbed 2.6% year-on-year to Rs 16,550 crore for the quarter, with agriculture and paperboards and packaging seeing slower growth.

Tata Motors: The Tata Group has inked share purchase agreements and other arrangements to acquire a 26.79% stake in Freight Commerce Solutions (Freight Tiger) for Rs 150 crore. The deal also contains a clause that allows Tata Motors to contribute an additional Rs 100 crore over the following two years.

Zomato: SoftBank-owned Svf Growth (Singapore) Pte Ltd is planning to sell a share in Zomato valued roughly Rs 1,000 crore. SoftBank intends to sell 1.1% of its stock via block agreements.

Jindal Stainless: The stainless steel firm said that its standalone profit increased by 74% year-on-year to Rs 609 crore for the fiscal quarter ended September FY24, while revenue increased by 14% to Rs 9,720 crore and EBITDA increased by 54% to Rs 1,070 crore. 

Indoco Remedies: The US Food and Drug Administration (USFDA) performed a pre-approval examination at the company’s Goa solid oral formulation plant from October 12 to 18. This facility was subjected to a pre-approval examination for two drug product applications (ANDAs).

Grasim Industries: The Collector (Stamps), Registration & Stamp (Anti-Evasion), Special Circle Rajasthan, Jaipur, imposed a penalty and interest of Rs 117.71 crore on the Aditya Birla Group company for non-payment of stamp duty of Rs 23.68 crore on a scheme of arrangement implemented in Rajasthan in the fiscal year 1999 between Indian Rayon & Industries and Grasim.

Sigachi Industries: The microcrystalline cellulose powder maker announced that its Dubai-based subsidiary, Sigachi MENA FZCO, has formed a joint venture with Saudi National Projects Investment (SNP) to penetrate the rapidly expanding Saudi Arabian market. The joint venture will be 75% owned by Sigachi MENA FZCO and 25% owned by SNP.

Cyient: The digital, engineering, and technology solutions firm reported a consolidated profit of Rs 178.3 crore for the July-September fiscal year of FY24, up 6% sequentially. Consolidated revenue from operations increased by 5.5% quarter-over-quarter to Rs 1,778.5 crore.

 

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