Top 10 stocks for today

10 Aug 2022 , 08:24 AM

The Singapore Exchange’s Nifty futures traded 44 points, or 0.25%, lower at 17,496.5, indicating that the stock market may have a start in Red today. The following 10 stocks may see most movement in today’s market:

1. HDFC Bank:

The private lender and the trade receivables discounting platform M1xchange have partnered with the goal of giving small businesses extra liquidity at low interest rates. This action is anticipated to provide corporate buyers and MSMEs with high liquidity at competitive interest rates.

1. Bharti Airtel:

For the quarter ending in June 2022, the telecom operator’s consolidated profit after tax more than quadrupled to Rs1,607 crore, primarily due to increase in prices. In the identical period a year prior, the company reported a profit of Rs283.5 crore.

1. Apollo Hospital Enterprise:

The hospital and healthcare network claimed to have paid roughly Rs450 crore for Nayati Healthcare and Research NCR Pvt Ltd’s hospital asset in Gurugram. The purchased complex is located on property that is allocated for hospitals and has a capacity for 650 beds over 7 lakh square feet.

1. Power Grid Corporation of India:

The state-owned electricity transmission company said that for the April-June quarter of FY23, its consolidated net profit fell more than 36% to Rs3,801.19 crore. The company’s combined net profit for the three months that ended on June 30 was Rs5,998.28 crore.

1. Indraprastha Gas:

The national capital’s CNG and piped cooking gas vendor recorded a 72% increase in the June quarter net profit as a result of an increase in sales volume. April through June saw a net profit of Rs420.86 crore as opposed to Rs244.29 crore in the same period of the previous year.

1. National Aluminium Company:

On the strength of improved revenue from operations, the state-owned metal company recorded a consolidated profit that increased by 60.5% to Rs557.91 crore for the quarter ended in June. In the same period last year, the company reported a combined profit of Rs347.48 crore.

1. ABB:

The engineering and infrastructure services company reported that greater revenues were the cause  for its net profit more than doubling to Rs147 crore in the June quarter. The company’s profit for the three months ending June 30, 2021, was Rs68 crore.

1. MRF:

Because of rising raw material costs, the tyre manufacturer’s consolidated profit from continuing operations fell by 25.35% to Rs123.6 crore in the first quarter ended in June. In the June quarter, overall operating revenue totalled Rs5,695.93 crore.

1. Tata Chemicals:

The manufacturer of specialty chemicals reported a gain in consolidated net profit of 86.25%, to Rs637 crore, for the quarter ended in June. In the same quarter of the prior fiscal year, the company’s net profit totalled Rs342 crore.

1. AU Small Finance Bank:

Against a target of up to Rs2,500 crore, the private lender has raised roughly Rs2,000 crore from accredited institutional investors. Participating in the qualified institutional placement (QIP) were DSP, the Singaporean government, Goldman Sachs, ICICI Prudential Life, and others.