Top 10 stocks for today - 23rd October 2023

23 Oct 2023 , 09:07 AM

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

1. Kotak Mahindra Bank: Kotak Mahindra Bank has obtained approval from the Reserve Bank of India (RBI) to appoint Ashok Vaswani as its Managing Director and Chief Executive Officer for a three-year term. In addition, the bank reported a robust 24% increase in net profit, reaching Rs 3,191 crore for the quarter ending in September.
2. ICICI Bank: ICICI Bank posted a robust performance for the quarter ending in September, with a 36% surge in net profit to reach Rs 10,261 crore. Additionally, the bank’s net interest income climbed by 24% to Rs 18,308 crore.
3. L&T Finance: In the September quarter, L&T Finance posted a net profit of Rs 595 crore. Furthermore, the company reported a 3% increase in revenue from operations, reaching Rs 3,169 crore.
4. Tata Power: Tata Power Renewable Energy has entered into a power delivery agreement (PDA) with Supreme Petrochem for a 12.5 MW group captive project. This project will be executed through a Special Purpose Vehicle (SPV) named TP Saturn.
5. Yes Bank: YES Bank posted a strong year-on-year (YoY) growth of 47% in net profit for the quarter ending in September, reaching Rs 225 crore.
6. IDBI Bank: IDBI Bank recorded an impressive 60% year-on-year increase in net profit for the quarter ending in September, reaching Rs 1,323 crore.
7. JSW Energy: JSW Energy experienced a remarkable 86% increase in net profit for the second quarter, reaching Rs 850 crore. Additionally, the company’s revenue from operations amounted to Rs 3,259 crore.
8. J&K Bank: Jammu and Kashmir Bank reported a net profit of Rs 381 crore in the September quarter, with Net Interest Income (NII) for the same period totaling Rs 1,334 crore.
9. One 97 Communications: The operator of Paytm has reduced its net loss to Rs 290.5 crore for the quarter ending in September FY24, an improvement from the loss of Rs 571.1 crore recorded a year ago. Additionally, the revenue for the quarter amounted to Rs 2,519 crore, marking a 32% year-on-year (YoY) increase.
10. BPCL: The government-owned oil marketing firm has been slapped with a Rs 2 crore environmental penalty by the Central Pollution Control Board (CPCB) due to the company’s failure to install vapor recovery systems.