Top 10 stocks for today – 31st May 2024

31 May 2024 , 08:39 AM

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

Muthoot Finance: Gold loan lender reported a 17% year-on-year growth in net profit to ₹1,056.3 Crore in the fourth quarter. In the same quarter last year, it earned a net profit of ₹902.6 Crore. Net interest income (NII) increased 15.2% to ₹2,134.8 Crore from ₹1,853.3 Crore in the same quarter of FY23.

Bharat Dynamics: The defence public sector business reported an 89% year-on-year increase in net profit to ₹288.8 Crore for the fourth quarter. In the same quarter of FY23, it made a net profit of ₹152.8 Crore. The company’s revenue from operations climbed by 7% to ₹854.1 Crore from ₹798.3 Crore last year.

Welspun Corp: Welspun Group’s flagship company recorded a 19.7% year-on-year growth in net profit to ₹287.3 Crore in the fourth quarter. In the same quarter of FY23, it made a net profit of ₹240.1 Crore. The company’s revenue climbed 9.6% to ₹4,461.2 Crore from ₹4,070.2 Crore in the previous year.

Praj Industries: The industrial biotechnology firm reported a 4.3% year-on-year increase in net profit to ₹91.9 Crore in Q4. In the same quarter, it had a net profit of ₹88.1 Crore. Revenue climbed by 1.5% to ₹1,018.6 Crore, up from ₹1,003.9 Crore in the previous fiscal period.

Apollo Hospitals: In the fourth quarter, the healthcare provider’s net profit increased by 77.6% to ₹258.4 Crore from the previous year. In the previous corresponding quarter, the company made a net profit of ₹145.6 Crore.

Sunteck Realty: The real estate player declared a net profit of ₹101.3 Crore for the fourth quarter ending March 31, 2024. In the same quarter, it reported a net loss of ₹27.9 Crore. The company’s revenue from operations climbed by 773.01% to ₹426.9 Crore from ₹48.9 Crore in the previous fiscal year.

Jio Financial Services: The firm announced the introduction of its new ‘JioFinance’ app, which is presently in beta. According to a press release, the app is intended to appeal to users with varying levels of knowledge with financial technology, putting money management at their fingertips.

KIMS: The hospital chain announced that its subsidiary, KIMS Hospital Bengaluru, has signed a leasing agreement to develop a 350-bed superspecialty hospital on the Peoples Education Society (PES) campus in Electronic City, Bengaluru. The 25-year leasing deal permits KIMS Hospital Bengaluru to rent the land and hospital facility from PES.

Gujarat Alkalies: The company reported a net loss of ₹46.2 Crore for the fourth quarter ending March 31, 2024. In the same quarter previous year, it reported a net profit of ₹71 Crore. The company’s revenue from operations fell 12% to ₹1,001.6 Crore from ₹1,138.1 Crore in the previous corresponding period.

Aarti Industries: Suyog Kotecha will take over as Chief Executive Officer (CEO) and Executive Director of the specialty chemicals company on June 17, succeeding Rajendra V Gogri. Gogri will step down as managing director of the company on June 17, but will remain Chairman and Managing Director.

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