Top 10 stocks for today - 27th October 2023

27 Oct 2023 , 08:46 AM

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

Vodafone Idea: The telecom operator reported a net loss of Rs 8,738 crore for the fiscal year ending September 30, up from a loss of Rs 7,596 crore in the same period last year. Revenue from operations climbed by about 1% year on year to Rs 10,716 crore, while EBITDA expanded by 4.5% year-on-year to Rs 4,283 crore, with a margin improvement of 140 basis points to 40%.

Axis Bank: The private sector lender said that the board of directors has authorized the nomination of Munish Sharda as a full-time director, designated as Axis Bank’s Executive Director, for a three-year term beginning November 1. Munish Sharda’s appointment is subject to confirmation by the bank’s shareholders and the RBI. 

Colgate Palmolive: The dental care company’s earnings increased by 22.3% year-on-year to Rs 340 crore for the fiscal quarter ended September FY24, owing to higher-than-expected EBITDA margins driven by pricing and efficiency. For the quarter, revenue from operations increased by 6% y-o-y to Rs 1,471 crore.

Oberoi Realty: For Rs 3.6 crore, the Mumbai-based real estate firm sold its whole stake in a joint venture with Sangam City Township. Oberoi Realty owned 31.67% of the joint venture.

Lemon Tree Hotels: The business has inked a licensing deal for a 50-room hotel under the Red Fox Hotels brand in Visakhapatnam, Andhra Pradesh. The hotel is scheduled to open in fiscal year 2026.

Infosys: The IT services firm stated that a $300 penalty was levied on Infosys’ US office for non-remittance of past-due payments.

LTIMindtree: Rajesh Sundaram has been promoted to Chief Business Officer of the IT services company’s manufacturing business section, effective October 26.

Railtel Corporation: The state-owned railway business declared a profit of Rs 68.15 crore for the fiscal quarter ending September FY24, up 23.4 percent from the previous year despite a 420 basis point decrease in EBITDA margin. Revenue from operations increased by 40% year on year to Rs 599.2 crore in the third quarter.

Karnataka Bank: The bank announced that its board of directors has approved the preferential allotment of 3.34 crore equity shares to HDFC Life Insurance Company, Bajaj Allianz Life Insurance Company, Bharti AXA Life Insurance Company, Quant Mutual Fund, and Bajaj Allianz General Insurance Company at a price of Rs 239.52 per share.

 

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