Top 10 stocks for today – 22nd April 2024

22 Apr 2024 , 08:05 AM

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

Wipro: The IT services and consultancy firm reported a combined net profit of ₹2,834.6 Crore for the quarter ended March FY24, up 5.2% from the previous quarter. IT services revenue declined 0.3% sequentially to ₹22,079.6 Crore over the same period. EBIT increased by 2.2% quarter on quarter to ₹3,619.5 Crore, with a margin growth of 40 basis points to 16.4% in Q4 FY24, above analysts’ forecasts. IT services sales climbed by 0.1% quarter on quarter to $2,657.4 million, although revenue in constant currency fell by 0.3%.

Zomato: The Additional Commissioner, Central Goods and Services Tax, Gurugram, has issued an order to the meal delivery company for a GST demand of ₹5.9 Crore, with interest and penalties, for the period July 2017 to March 2021.

ICICI Bank: The private sector lender said that the board would meet on April 27 to examine raising funds through the issue of debt instruments in domestic markets.

HDFC Bank: The private sector lender reported a standalone net profit of ₹16,511.9 Crore for the quarter ended March FY24, up 0.9% from the previous quarter, owing to considerably higher provisions. Net interest income for the quarter was ₹29,077 Crore, up 2.1% over the previous quarter. On the asset quality front, gross NPA fell 2 basis points QoQ to 1.24%, while net NPA increased 2 basis points to 0.33% for the quarter.

Vodafone Idea: On April 22, the telecom operator will end its follow-on public offer (FPO) of ₹18,000 Crore. The issue was subscribed to 49% by the second day of bidding.

Dr Reddy’s Laboratories: The worldwide pharmaceutical business has introduced the disease management programme DailyBloom IBS. DailyBloom IBS is India’s first comprehensive care plan for irritable bowel syndrome. IBS is a functional gastrointestinal illness characterised by stomach discomfort, bloating, and irregular bowel movements.

Sterling and Wilson: In the fourth quarter, the firm reported a net profit of ₹1.4 Crore, compared to a net loss of ₹421.11 Crore the previous year. A rise in revenue helped the corporation declare a net profit in the previous quarter. During Q4, the company’s total income climbed to ₹1,211.40 Crore from ₹86.36 Crore the previous year.

Yes Bank: The lender received income-tax computational statements from the Jurisdictional Assessing Officer, which determined a refund of ₹284.21 Crore (including interest of ₹113.44 Crore) for the fiscal years 2011-12 to 2013-14. The income-tax department has filed an appeal with the Bombay High Court against the Income-tax Appellate Tribunal’s (ITAT) combined ruling.

HDFC Asset Management Company: The firm generated standalone sales of ₹541.1 Crore for the March FY24 quarter, up 43.8% from the previous year’s period. Revenue from operations increased by 28.6% year on year to ₹695.4 Crore in the quarter. The board has proposed a dividend of ₹70 per share.

Indian Renewable Energy Development Agency: Green Finance NBFC recorded a net profit of ₹337.4 Crore for the March FY24 quarter, a 33% increase over the same period of the previous year. Net interest income surged by 35.07% to ₹481.4 Crore over the same period, while total operating revenue jumped by 34.3% to ₹1,391.3 Crore. The loan book expanded by 26.81% in the quarter to ₹59,698.11 Crore, while loan disbursements increased by 14% year on year to ₹12,869.35 Crore.

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