Top 10 stocks for today – 28th July, 2023

28 Jul 2023 , 08:21 AM

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

1. Bharat Electronics: The state-owned defence company has announced a substantial 23% year-on-year growth in standalone profit, amounting to Rs 530.84 crore for the June FY24 quarter. This impressive growth is attributed to a robust topline and strong operating performance, aided by a decline in input costs.
2. Brookfield India REIT: Brookfield India Real Estate Trust, the country’s first publicly traded real estate investment trust, has initiated its qualified institutional placement (QIP) issue on Thursday, aiming to raise Rs 1,500 crore.
3. Adani Enterprises: Adani New Industries, a subsidiary of Adani Enterprises, secured a trade finance facility of $394 million (equivalent to Rs 3,231 crore) from Barclays and Deutsche Bank.
4. Indus Tower: The telecom infrastructure provider achieved a remarkable 182% year-on-year growth in profit, reaching Rs 1,348 crore for the quarter ended June FY24. This significant surge was driven by a healthy operating performance. Additionally, revenue from operations for the quarter increased by 3% to Rs 7,076 crore compared to the same period in the previous year.
5. Shyam Metallics: Shyam Metalics’ net profit declined by 43% year-on-year (YoY) to Rs 237 crore, despite a 3% rise in revenues to Rs 3,307 crore.
6. Ajanta Pharma: Ajanta Pharma has declared a special dividend of Rs 15 per share and a regular dividend of Rs 10 per share.
7. Lupin: On Thursday, the drug company announced that it has received communication from the US FDA, stating that the concerns raised in the warning letter for its facilities in Goa and Pithampur Unit-2, Indore, have been successfully addressed.
8. IPCA Labs: The Competition Commission of India (CCI) has granted approval for the acquisition of Unichem Laboratories’ stake by IPCA Laboratories.
9. IHCL: On Thursday, the Tata Group-backed company revealed a consolidated profit after tax of Rs 222.4 crore for the quarter ending in June, marking a substantial 30.8 percent year-on-year increase. This remarkable growth was primarily driven by strong double-digit revenue growth.
10. Trident: Trident’s first-quarter profit drops by 29% due to subdued demand in its primary yarn segment.