Top 10 stocks for today - 31st October 2023

31 Oct 2023 , 08:25 AM

Tata Motors: The Tata Group company was awarded Rs 766 crore plus interest as compensation for its investment in the now-defunct Singur facility. The outstanding arbitration procedures between Tata Motors and the West Bengal Industrial Development Corporation (WBIDC) before a three-member arbitral panel has now been resolved by a unanimous award in Tata Motors’ favour.

TVS Motor Company: The two-and-three-wheeler manufacturer reported a standalone profit of Rs 536.55 crore for the fiscal quarter ending September FY24, up 31.7% from the previous year. During the quarter, revenue from operations climbed by 12.8% year-on-year to Rs 8,145 crore.

Colgate-Palmolive: The Income Tax Authority assessed the oral care firm an income tax bill of Rs 170 crore. The Assessing Authority has issued a transfer price order prohibiting certain overseas transactions for the Assessment Year 2021-22.

Bank of India: In accordance with the pricing strategy adopted by the Board, the public sector lender has updated its marginal cost of fund-based lending rate (MCLR) with effect from November 1. The overnight MCLR stayed steady at 7.95%, although it has climbed by 5 basis points over the last one to three years.

Marico: Despite a modest topline, the FMCG giant increased its consolidated profit by 17.3% year-on-year to Rs 360 crore for the July-September period of FY24, led by excellent EBITDA performance with lower input costs.

Blue Star: The air conditioner manufacturer reported a solid profit of Rs 70.8 crore for the quarter ended September FY24, up 66% year-on-year with excellent operational EBITDA. During the same time period, revenue increased by 19.5% to Rs 1,890.4 crore.

Crompton Greaves Consumer Electricals: The public shareholders of Butterfly Gandhimathi voted decisively against the merger, according to the firm. As a result, the scheme will not be implemented. This development will have no substantial impact on the company’s growth plan. The firms will continue to function independently.

PSP Projects: In Ahmedabad, the business received work orders totaling Rs 200.25 crore. With the receipt of these orders, the overall order inflow for fiscal year 2023-24 to date is Rs 958.63 crore. 

APL Apollo Tubes: The structural steel tube firm increased its profit by 35% year-on-year to Rs 202.9 crore during the July-September period of FY24, owing to robust operational performance. When compared to the same time previous year, revenue from operations increased by 16.65% to Rs 4,630 crore.

DLF: The real estate giant increased its consolidated profit by 30.6% year-on-year to Rs 622.8 crore in the fiscal year ended September FY24.

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