Top 10 stocks for today – 30th January 2024

30 Jan 2024 , 08:42 AM

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

Reliance Industries: In November 2023, Reliance Jio added 34.47 lakh members, up from 31.59 lakh the previous month, bringing the total number of subscribers to 455.82 million.

ITC: Despite sluggish operating figures, the cigarette-FMCG-to-hotel giant increased its standalone net profit by 10.75% year-on-year to ₹5,572 crore in the quarter ended December FY24, helped by greater other income and lower tax expenses. Standalone revenue from operations climbed by 1.6% to ₹16,483.3 crore compared to the previous year, driven by the cigarette and FMCG industries. The company declared an interim dividend of ₹6.25 per share.

Mahindra Logistics: The logistics firm reported a combined net loss of ₹16.4 crore for the quarter ended December FY24, compared to a profit of ₹1.67 crore in the same time last fiscal year, owing to dismal operational performance. Revenue from operations increased by 5% year on year to ₹1,397.2 crore in the quarter.

Bajaj Finance: Despite greater loan losses and charges, the non-banking financing company’s consolidated net profit increased by 22% year-on-year to ₹3,639 crore in October-December FY24. Net interest income for the quarter climbed by 29% to ₹7,655 crore compared to the previous year.

Vodafone Idea: The telecom operator reported a net loss of ₹6,986 crore for the quarter ended December FY24, down from a loss of ₹8,738 crore in the previous quarter, with an improved margin. Revenue declined 0.4% sequentially to ₹10,673.1 crore from the preceding quarter.

Bharti Airtel: In November of last year, the telecom provider added 17.47 lakh members, up from 3.5 lakh consumers the month before. The company had 255.07 million customers as of November 2023.

Aditya Birla Sun Life AMC: The asset management business recorded a 26% year-on-year increase in consolidated net profit to ₹209.3 crore for the October-December quarter of FY24, buoyed by higher other income. Revenue from operations climbed by 8.70% year-on-year to ₹341.5 crore in the quarter.

GAIL (India): The country’s largest natural gas company has entered into a long-term LNG purchase agreement with ADNOC Gas (Abu Dhabi National Oil Company) for around 0.5 million tonnes per annum. Under the terms of this arrangement, delivery will begin in 2026 and last for ten years across India.

Piramal Enterprises: The business reported a consolidated net loss of ₹2,377.6 crore for the October-December period of FY24, compared to a profit of ₹3,545.4 crore in the previous year, owing to an extraordinary loss of ₹3,539.8 crore from its investments in alternative investment funds. During the quarter, revenue from operations declined roughly 12% year on year to ₹2,476 crore.

Marico: The FMCG company posted a consolidated net profit of ₹386 crore for the quarter ended December FY24, up roughly 16% from the previous year despite a lower topline, boosted by strong operational statistics and lower input costs.

For feedback and suggestions, write to us at [e-mail]