Top 10 stocks for today – 21st May 2024

21 May 2024 , 08:51 AM

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

RITES: The business has entered into an agreement with Bangladesh Railways to supply 200 broad-gauge passenger carriages to the bordering country. The export arm of Indian Railways, RITES, has won the $111.26 million (approximately ₹915 Crore) contract, funded by the European Investment Bank.

IRFC: The state-owned corporation recorded a 34% increase in profit to ₹1,717.3 Crore for the March 2024 quarter due to increasing income. The company reported a profit of ₹1,285.2 Crore in the fourth quarter. The company’s overall income increased to ₹6,477.9 Crore in the January-March quarter, from ₹6,230.2 Crore in FY23.

SAIL: The company’s consolidated net profit decreased by 2% to ₹1,126.68 Crore in the March quarter due to rising raw material prices. In the previous year, it reported a net profit of ₹1,159.21 Crore. The company’s revenue decreased to ₹27,958.52 Crore from ₹29,130.66 Crore in the March quarter of FY23.

Ujjivan Small Finance Bank: The bank reported a 6.5% year-on-year increase in net profit to ₹329.6 Crore in Q4. In the same quarter, it reported a net profit of ₹309.5 Crore. Net interest income (NII) increased by 26.4% to ₹933 Crore from ₹738 Crore in the same quarter of FY23.

Patel Engineering: The infrastructure company reported an 83% year-on-year increase in net profit to ₹141 Crore for Q4. In the same quarter, it had a net profit of ₹77 Crore. The company’s revenue climbed by 11.5% to ₹1,343 Crore from ₹1,205 Crore in the previous fiscal year.

India Cements: The company’s overall net loss decreased to ₹50.06 Crore in the fourth quarter. The company reported a net loss of ₹243.77 Crore in the same period last year. The revenue from operations in the quarter under review was ₹1,266.65 Crore, compared to ₹1,485.73 Crore in the previous corresponding period.

Oil India: The state-owned corporation recorded an 18% increase in net profit in the March quarter, owing to increased crude oil prices. The company posted a net profit of ₹2,332.94 Crore in Q4 compared to ₹1,979.74 Crore in the same period the previous year.

Power Mech Projects: The company recorded a 13% increase in total net profit to ₹84.41 Crore in the March quarter. In the previous year, it reported a profit after tax (PAT) of ₹74.57 Crore. The company’s total income increased to ₹1,311.86 Crore from ₹1,183.20 Crore during January-March FY23.

ONGC: Oil and Natural Gas Corporation (ONGC) reported a 78% increase in consolidated net profit to ₹11,526.53 Crore in the fourth quarter of fiscal year 2023-24, compared to ₹6,478.23 Crore in the same period last year. It reported a minor gain in revenue from operations in the fourth quarter of the current fiscal year, totaling ₹1.66 lakh Crore, up from ₹1.64 lakh Crore in the same time the previous year.

Lupin: Lupin Limited said that the US Food and Drug Administration (FDA) conducted a pre-approval inspection of its manufacturing site in Somerset, New Jersey. The inspection by the USFDA concluded with the issuance of Form 483, containing 6 observations. The inspection was done from May 7 to May 17, 2024.

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