Top 10 stocks for today – 22nd October 2024

22 Oct 2024 , 09:40 AM

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

Bajaj Housing Finance: Focus will probably be on shares of Bajaj Housing Finance, as the company promoted by Bajaj Finance reported a 21% increase in net profit for the quarter ended September 2024, to Rs 546 crore, from Rs 451 crore recorded in the same period the previous year.

Ola Electric Mobility: Investors will be watching Ola Electric Mobility shares closely following the company’s announcement that it has resolved about 99.1% of the 10,644 complaints it received from the Central Consumer Protection Authority (CCPA).

Bajaj Finance: Tuesday is anticipated to be a busy day for Bajaj Finance shares as the business prepares to release its Q2FY25 earnings later today. It is anticipated that the firm will report net interest income for the quarter that ended on September 30, 2024, ranging between Rs 8,810 crore and Rs 9,187 crore.

Zomato: According to projections, food delivery service Zomato is anticipated to report a massive 585–662% year-over-year increase in its September quarter net profit, which is projected to be in the range of Rs 247–274 crore.

Paytm: One97 Communications, the company behind Paytm, a leading fintech and digital payments company, is anticipated to see stronger revenue growth in the second quarter ending in September 2024, but the losses could also increase.

Union Bank: Union Bank of India’s shares will be under a scanner after it revealed a 34% increase in net profit for the second quarter that ended in September 2024, to Rs 4,720 crore, from Rs 3,511 crore during the same period the previous year. In comparison to the previous year, total revenues increased to Rs 32,036 crore from Rs 28,282 crore.

Larsen & Toubro: In a sign of the revival of private sector interest in the thermal power industry, state-owned NTPC put out contracts worth over ₹40,000 crore for the construction of three coal-fired power plants, and Larsen & Toubro (L&T) outbid BHEL.

Ambuja Cements: Ambuja Cement announced that it will acquire Orient Cement Ltd (OCL) at an equity value of Rs 8,100 crore.

State Bank of India: In an effort to improve the administrative effectiveness of nationalised banks, Union Finance Minister Nirmala Sitharaman has approved the creation of new top level positions.

Tata Steel: As part of its green steelmaking campaign in the UK, Tata Steel said that it has entered into a deal with a multinational with headquarters in Italy for metals technology to provide a cutting-edge electric arc furnace (EAF).

For feedback and suggestions, write to us at [e-mail]