Top 10 stocks for today – 27th July, 2023

27 Jul 2023 , 08:39 AM

Here are some stocks that may show significant price movement today.

1. Axis Bank: Private lender Axis Bank reported a significant jump in profit, with a 40% year-on-year increase to Rs 5,797 crore for the quarter ended in June.
2. Dr Reddy’s: On Wednesday, the company announced a remarkable 18 percent rise in consolidated profit after tax, reaching Rs 1,405 crore during the June quarter. This impressive growth was primarily driven by the success of US generics and the outstanding performance of the company in the Russian market.
3. M&M: Mahindra & Mahindra has disclosed the acquisition of a 3.53% stake in RBL Bank for Rs 417 crore, as stated in an exchange filing.
4. Tata Consumer: Tata Group’s fast-moving consumer goods arm reported a robust 22.1 percent year-on-year (YoY) growth in net profit, amounting to Rs 337.7 crore for the first quarter that concluded on June 30, 2023.
5. Marico: The FMCG company has finalized definitive agreements to acquire a stake of up to 58% in Satiya Nutraceuticals. Satiya Nutraceuticals is the owner of the brand ‘the Plant Fix – Plix,’ which operates in the health and wellness segment.
6. Colgate: Colgate has announced a net profit of Rs 274 crore in the first quarter, with revenue amounting to Rs 1,323 crore.
7. Reliance Industries: The financial services arm of the company, Jio Financial, and BlackRock has inked a pact to establish 50:50 joint venture, marking their entry into India’s asset management industry.
8. Tech Mahindra: Tech Mahindra’s net profit for the first quarter fell 39% year-on-year to Rs 693 crore. However, revenue from operations saw a 4% increase, reaching Rs 13,159 crore.
9. RVNL: The government has proposed to sell approximately 5.36% of its stake in Rail Vikas Nigam Ltd (RVNL) through an offer for sale (OFS) that commences today.
10. Cipla: GoApptiv, an associate company of a pharmaceutical firm, has established a wholly-owned subsidiary named Pactiv Healthcare, effective from July 26. The primary objective of Pactiv Healthcare is to oversee the manufacturing, development, production, purchase, and sale of pharmaceutical, healthcare, and wellness products, with a particular focus on serving the rural markets.