Top 10 stocks for today – 3rd August, 2023

3 Aug 2023 , 08:04 AM

Here are some stocks that may show significant price movement today.

1. Titan: Titan reported a marginal 2% year-on-year decline in its profit, amounting to Rs 777 crore for the June quarter. However, its quarterly revenue experienced a robust 19% YoY growth, reaching Rs 10,306 crore.
2. Mankind Pharma: Mankind Pharma has posted a significant 66% surge in net profit, reaching Rs 487 crore in the first quarter. Concurrently, revenue witnessed a notable 18% increase, reaching Rs 2,579 crore.
3. Indigo: IndiGo has announced a consolidated net profit of Rs 3,091 crore for the quarter ending in June. Furthermore, revenue from operations displayed a significant 30% year-on-year increase, totaling Rs 16,683 crore.
4. JSW Steel: JSW Steel and JFE Steel have come to an agreement to form a joint venture company on a 50:50 basis. This new entity will focus on manufacturing cold rolled grain oriented electrical steel products within India.
5. L&T Finance: According to reports, Bain Capital is considering the sale of 7.9 crore shares in L&T Finance through a block deal.
6. HPCL: In the June quarter, HPCL has reported a net profit of Rs 6,203 crore, while revenue from operations for the same period amounted to Rs 1.12 lakh crore.
7. Vedanta: According to reports, Vedanta promoter Twinstar is expected to sell 16 crore shares in the company through a block deal.
8. Lupin: The US subsidiary of the global pharmaceutical major has obtained approval from the United States Food and Drug Administration (USFDA) for a new drug application concerning fluocinolone acetonide topical oil. This medication is utilized for the treatment of the skin condition eczema.
9. Hero MotoCorp: Following raids on Hero MotoCorp’s Executive Chairperson Pawan Kant Munjal and others, the Enforcement Directorate has disclosed that approximately Rs 25 crore worth of foreign and Indian currencies, as well as gold and diamond jewellery, were seized. Additionally, the authorities reported the discovery of ‘incriminating’ documents during these raids.
10. Gujarat Gas: On Wednesday, the government-owned company revealed a 43.4% decrease in net profit for the first quarter ending on June 30, 2023, amounting to Rs 215.1 crore compared to the previous year. Additionally, the board of directors at Gujarat Gas has sanctioned an equity investment of Rs 100 crore in equity shares of GSPC LNG Ltd.