Top 10 stocks for today — 28th October 2022

28 Oct 2022 , 07:58 AM

The Singapore Exchange’s Nifty futures traded 49.5 points, or 0.28%, higher at 17,852, indicating that the stock market may have a green start on Friday. The following 10 stocks may show price movement in today’s market. Check more hot stocks at: https://www.indiainfoline.com/markets/hot-stocks

1. SBI Cards & Payment Services:

For the quarter that ended in September, the provider of financial services recorded a 52% increase in net profit to Rs 526 crore due to higher revenue.

1. Indus Towers:

The telecom infrastructure provider recorded a consolidated net profit after tax decline of around 44% for the September quarter, to Rs 872 crore, and stated that profits were still under pressure from difficulties in collecting payments from one of its major clients.

1. Tamilnad Mercantile Bank:

The recently listed private lender reported a 37% increase in net profit for the quarter of July through September for FY23, totalling Rs262 crore, due to growth in income and a decrease in bad loans.

1. Tata Chemicals:

Due to greater revenue, the chemical division of the Tata Group recorded an almost three-fold increase in consolidated net profit to Rs 628 crore for the September 2022 quarter.

1. PNB Housing Finance:

The market participant in housing finance increased its net profit by about 12% to Rs 262.63 crore in the quarter that ended September 2022, thanks to double-digit increases in both net interest income and disbursements.

1. Aditya Birla Sun Life AMC:

The mutual fund company reported an increase in profit after tax (PAT) of 11% to Rs191.68 crore for the quarter ending in September 2022.

1. Supreme Petrochem:

Due to poor operating results, the petrochemicals company recorded a 53% year-over-year fall in standalone profit at Rs 59.64 crore for the quarter that ended September FY23.

1. Infibeam Avenues:

The Reserve Bank of India has given the fintech startup in-principle approval to function as a payment aggregator.

1. V-Guard Industries:

For the second quarter that concluded on September 30, the maker of electrical items recorded a fall in its overall net profit of 26.5% to Rs 43.66 crore.

1. Dhanuka Agritech:

The proposal for the company’s equity shares to be repurchased via a tender offer will be discussed by the board of directors of the agrochem player on November 1.

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