Top 10 stocks for today – 2nd May, 2024

2 May 2024 , 08:46 AM

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

Adani Total Gas: The municipal gas distribution firm posted a net profit of ₹168 Crore for the March FY24 quarter, up 71.5% from the same time the previous fiscal year, driven by solid operating figures due to decreased natural gas costs. Revenue from operations (excluding excise duty) increased by 4.7% year on year to ₹1,167 Crore in the quarter, with sales volume increasing by 20% YoY.

Godrej Group Stocks: According to the agreement shared with the stock markets on April 30, the Godrej family has decided to split the conglomerate into two branches, with Adi and brother Nadir keeping the listed enterprises and cousin Jamshyd taking charge of unlisted companies and the land bank. The agreement submitted to the exchanges tackles concerns such as royalties, brand usage, and land bank development.

Mahindra & Mahindra Financial Services: Raul Rebello began serving as the company’s Managing Director and CEO on 30 April. Ramesh Iyer retired as the company’s Vice-Chairman and Managing Director on April 29.

Adani Wilmar: The Adani Group’s net profit for the March FY24 quarter was ₹156.75 Crore, increasing 67.5% from the previous year, despite lower topline and other income, thanks to solid operating results. Revenue from operations declined 4.6% year on year to ₹13,238 Crore in the quarter.

Rail Vikas Nigam: The state-owned railway corporation has emerged as the lowest bidder for Eastern Railway’s ₹390.97 Crore project. The business will build the Sitarampur Bye Pass Line for Eastern Railway’s Asansol Division.

Wipro: Nokia has awarded the technology services and consultancy company a contract to redesign its employee service desk and provide seamless, real-time IT help to a global network of employees. The Wipro team is set to develop a tailor-made, AI-driven solution hosted on the cloud for Nokia’s global workforce, spanning approximately 86,700 users spread across 130 nations.

Coal India: The country’s largest coal mining business reported coal output of 61.8 million metric tonnes in April 2024, up 7.3% from 57.6 million metric tonnes in the same month of the previous fiscal year. During the same period, offtake increased by 3.2% to 64.3 million metric tonnes, up from 62.3 million tonnes.

Adani Energy Solutions: The Adani Group reported a consolidated net profit of ₹381.3 Crore for the March FY24 quarter, a 13.3% decrease from the same period last year, owing in part to a low operating margin. Revenue from operations increased by 40.2% year on year to ₹4,706.9 Crore in the quarter.

TVS Motor Company: The two-and-three-wheeler manufacturer reported total sales of 3.83 lakh units in April 2024, a 25% increase over the same period in the previous fiscal year, with total 2-wheeler sales rising 27% to 3.74 lakh units and electric vehicle sales increasing 179.5% to 17,403 units during that time. Exports increased by 12% to 80,508 units. However, total 3-wheeler sales fell 21.1% YoY to 9,023 units in the month.

Maruti Suzuki India: The country’s largest automaker recorded a 4.7% year-on-year increase in total sales of 1,68,089 units in April, with domestic sales up 1.65% to 1,45,929 units and exports up 30.6% to 22,160 units. Total production for the month climbed by 17% year on year to 1,69,751 units.

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