Top 10 stocks for today – 21st July, 2023

21 Jul 2023 , 07:57 AM

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

1. Tata Motors: Tata Motors subsidiary, Jaguar Land Rover (JLR), has made an announcement regarding the appointment of Adrian Mardell as the new CEO. He will be serving in this position for a term of three years.
2. Infosys: Due to a challenging global macro environment, Infosys has revised down its revenue guidance for FY24. The company now anticipates its revenue to experience modest growth of only 1-3.5% in constant currency terms.
3. HUL: During the first quarter, Hindustan Unilever witnessed an 8% rise in its standalone net profit, reaching Rs 2,472 crore. Additionally, the company’s sales showed a 7% year-on-year increase, amounting to Rs 14,931 crore.
4. United Spirits: United Spirits recorded a significant 82% year-on-year surge in its consolidated net profit for the June quarter, amounting to Rs 477 crore.
5. Persistent Systems: Persistent Systems reported a consolidated net profit of Rs 229 crore for the quarter ended in June. Additionally, the company’s revenue from operations demonstrated a significant year-on-year growth of 23%, reaching Rs 2,321 crore.
6. Dalmia Bharat: Dalmia Bharat reported a profit of Rs 144 crore in the first quarter. The revenue from operations for the same period amounted to Rs 3,624 crore.
7. Union Bank of India: Union Bank has posted a net profit of Rs 3,236 crore for the June quarter. The Net Interest Income (NII) for the same period stood at Rs 8,839 crore.
8. TCS: On Thursday, the company announced that it has secured a contract from the British Broadcasting Corporation (BBC) to overhaul and manage its finance, procurement, and HR applications.
9. IndusInd Bank: On Thursday, the private sector lender announced that its board has given approval to raise funds through debt securities. The amount approved for fundraising is up to Rs 20,000 crore.
10. Federal Bank: As per sources, the lender’s Qualified Institutional Placement (QIP) issue received an overwhelming response, with a subscription nearly seven times the offered shares. Prominent investors, including SBI Mutual Fund, Mirae Asset, Fidelity, Goldman Sachs, and others, participated in the QIP. As part of the arrangement, these investors will be subject to a 90-day lock-in period, during which they cannot sell their allocated shares.