Top 10 stocks for today – 2nd November 2023

2 Nov 2023 , 08:17 AM

Maruti Suzuki India: The Senior Inspector, Legal Metrology, Agra, Uttar Pradesh, has issued a Show Cause Notice to the automotive manufacturer for failing to include the MRP on the listed items for sale on the official website. The failure to indicate MRP violates the Legal Metrology Act of 2009 and Rule 6(2) of the Legal Metrology (Packaged Commodities) Rules of 2011.

State Bank of India: Through its first Basel III-compliant Tier 2 bond for the current fiscal year, the country’s largest lender raised Rs 10,000 crore at a coupon rate of 7.81%. The bonds have a 15-year duration with a first call option after 10 years. 

HDFC Bank: The board of directors of the country’s largest private sector lender has approved the appointment of Sachin Suryakant Rane as the bank’s Chief of Internal Vigilance for three years, beginning November 1, following the end of Prasun Singh’s tenure as the bank’s Chief of Internal Vigilance on October 31.

LIC Housing Finance: The home financing company posted a profit of Rs 1,188.1 crore for the quarter ended September FY24, virtually quadrupling from Rs 305 crore in the same time the previous year, thanks to substantial rise in net interest income.

Interglobe Aviation: Mahesh Kumar Malik has resigned as the company’s Chief Commercial Officer, Cargo (Domestic) with effect from November 1.

Tata Steel: The Tata Group firm reported a combined loss of Rs 6,511.2 crore for the July-September period of FY24, compared to a profit of Rs 1,297 crore the previous year. The Q2FY24 figures comprised a one-time loss of Rs 6,899 crore attributable to impairment and restructuring charges.

Britannia Industries: The bakery goods business has increased its overall profit by 19.55% year-on-year to Rs 586.5 crore for the fiscal quarter ended September FY24, owing to better-than-expected operating results. 

Hero MotoCorp: The world’s largest two-wheeler manufacturer reported a standalone profit of Rs 1,053.8 crore for the fiscal quarter ending September FY24, up 47.2% from the previous year, thanks to strong operating performance.

GAIL (India): To ensure the availability of feedstock for its petrochemical production, GAIL (India) has inked a 15-year supply deal with Bharat Petroleum Corporation for its future petrochemical facility in Usar, Maharashtra.

Godrej Consumer Products: The FMCG firm increased its consolidated profit by 20.6% year-on-year to Rs 432.8 crore for the fiscal quarter ended September FY24, owing to robust operating performance after a decrease in input costs.

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