Top 10 stocks for today — 21st October 2022

21 Oct 2022 , 07:52 AM

The Singapore Exchange’s Nifty futures traded 12.5 points, or 0.07%, higher at 17,532.5, indicating that the stock markets may have a good start on Friday. The following 10 stocks may show price movement in today’s market. To check more hot stocks, click at: https://www.indiainfoline.com/markets/hot-stocks

1. Axis Bank:

In the September quarter, the private lender recorded a 66.29% increase in its consolidated net profit after tax at Rs5,625.25 crore, driven by a significant drop in bad loan charges and margin growth.

1. ITC:

In the second quarter of FY23, the FMCG giant recorded a 24.08% increase in overall net profit after tax at Rs4,670.32 crore, driven by a robust performance across areas including cigarettes and agro-business.

1. Bajaj Finance:

For the quarter that ended in September 2022, the top NBFC posted an 88% increase in its consolidated net profit after tax at Rs2,781 crore.

1. Coforge:

In Q2 FY23, the IT company reported a consolidated profit after tax growth of roughly 37% to Rs201.1 crore.

1. Tata Consumer Products:

For Q2FY23, the beverage company of the Tata Group on Thursday reported a 36.25% increase in consolidated net profit after tax at Rs389.43 crore, driven by robust growth in the domestic market.

1. Asian Paints:

The paint manufacturer announced a phased investment of Rs2,100 crore to build a new facility to manufacture vinyl acetate ethylene emulsion and vinyl acetate monomer.

1. Colgate-Palmolive India:

For Q2 FY23, the FMCG giant reported a 3.28% increase in net profit at Rs278.02 crore, aided by stronger sales growth.

1. Canara Bank:

On the strength of strong growth in net interest income and a decrease in bad loans, the state-owned institution recorded an 89% increase in net profit to Rs2,525 crore for the quarter that ended September.

1. Shriram Transport Finance Company:

In the three months that concluded in September 2022, the top NBFC for commercial vehicles reported a net profit increase of more than 38%, coming in at Rs1,066.87 crore.

1. Indian Energy Exchange:

The energy exchange reported a decrease in its consolidated net profit after tax of roughly 7%, or Rs71.20 crore, over the same period last year.

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