Top 10 stocks for today – 25th January 2024

25 Jan 2024 , 08:21 AM

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

Tech Mahindra: The digital transformation, consultancy, and business reengineering services company’s net profit increased by 3.3% sequentially to Rs 510.4 crore in the October-December quarter of FY24. Revenue from operations climbed by 1.8% quarter on quarter to Rs 13,101 crore, while revenue in dollars and constant currency increased by 1.1% each.

Bajaj Auto: The two-and-three-wheeler major’s standalone net profit increased by 37% year-on-year to Rs 2,042 crore in the quarter ended December FY24, with double-digit growth across all sectors. For the quarter, revenue from operations increased by 30% year-on-year to Rs 12,113.5 crore, while sales volume increased by 21.70%.

Tata Steel: The Tata Group firm reported a consolidated net profit of Rs 522.1 crore for the quarter ended December FY24, up from a loss of Rs 2,502 crore the previous year, thanks to strong operational performance and lower input costs. Revenue from operations declined 3.1% year-on-year to Rs 55,312 crore for the quarter, while EBITDA increased by 54.70% YoY to Rs 6,263.6 crore.

Mazagon Dock Shipbuilders: The shipbuilding industry has inked a contract with the Ministry of Defense’s Acquisition Wing to build and supply 14 Fast Patrol Vessels (FPVs) for the Indian Coast Guard. The deal is worth Rs 1,070 crore.

Zee Entertainment Enterprises: The media and entertainment firm responded to Culver Max and Bangla Entertainment (BEPL), rejecting any breach of its commitments under the Merger Cooperation Agreement (MCA) and stating that it has fulfilled all of its obligations in good faith. ZEE further stated that the claim for a termination fee of $90 million is legally unworkable and has no validity.

Poonawalla Fincorp: Rising Sun Holdings, the business’s promoter, has purchased an additional 40,33,000 equity shares, or 0.52% interest, in the non-banking financing company at an average price of Rs 495.85 per share. However, Magma Ventures was the seller in this transaction.

Container Corporation of India: The state-owned transport company’s consolidated net profit increased by 12.70% year-on-year to Rs 330.6 crore, while operating figures increased steadily. Consolidated revenue from operations increased by 10.30% year-on-year to Rs 2,210.6 crore in the quarter.

Coal India: The Cabinet Committee on Economic Affairs (CCEA) has authorised the establishment of a coal-to-SNG (synthetic natural gas) joint venture between Coal India and GAIL, as well as a coal-to-ammonium nitrate project between Coal India and BHEL. Coal India will build two coal gasification units as part of its attempts to meet the aim of 100 MT coal gasification by 2030.

TVS Motor Company: The two-and-three-wheeler manufacturer’s net profit climbed by 68% year-on-year to Rs 593 crore in the quarter ended December FY24, while income from operations increased by 26% YoY to Rs 8,245 crore, with total two-wheeler sales climbing 27.10% to Rs 10.63 lakh units.

CEAT: The tyre maker’s consolidated net profit increased more than fivefold to Rs 181.3 crore during the October-December quarter of FY24, up from Rs 34.85 crore in the same period previous year, owing to robust operating results. Revenue from operations increased by 8.6% year-on-year to Rs 2,963.1 crore in the quarter.

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