Top 10 stocks for today – 3rd January 2024

3 Jan 2024 , 09:01 AM

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

1. Shyam Metalics & Energy: On Tuesday, the steel maker initiated its Qualified Institutional Placement (QIP) with a base issue size of Rs 1,152 crore. The company is actively considering an augmented issue size of Rs 1,385.3 crore, inclusive of the green shoe option.
2. Hero MotoCorp: The world’s largest two-wheeler manufacturer reported the sale of 393,952 units of motorcycles and scooters in December 2023. This figure reflects a marginal decline of 0.05% compared to the 394,179 units dispatched in the same month of the previous year. While domestic sales experienced a 0.92% year-on-year (YoY) decrease to 377,842 units, exports witnessed a substantial increase, surging by 25.7% to 16,110 units during the corresponding period.
3. DMart: The D-Mart chain operator has reported a robust 17.2% year-on-year growth in standalone revenue from operations, reaching Rs 13,247.33 crore for the quarter ending December in FY24. As of December 2023, the total number of stores in operation stood at 341.
4. Rail Vikas Nigam: The joint venture between KRDCL (Kerala Rail Development Corporation Ltd) and RVNL (Rail Vikas Nigam Ltd) has been awarded a letter of acceptance for the significant upgrade and redevelopment of Varkala Sivagiri railway station. The total project cost for this endeavor is Rs 123.36 crore.
5. Bank of Maharashtra: The state-owned bank announced on Tuesday that for the third quarter of FY24, the bank’s total business reached Rs 4.35 lakh crore, signifying a substantial 19% increase compared to the corresponding period in the previous year. The total deposits for the quarter stood at Rs 2.46 lakh crore, showcasing an 18% year-on-year (YoY) rise from Rs 2.08 lakh crore, as reported in a regulatory filing.
6. Coal India: Coal India achieved a remarkable milestone by supplying an unprecedented volume of 98 million metric tons (mts) to non-regulated sector (NRS) consumers until December in FY24. This signifies an impressive increase of 23 million metric tons, reflecting a substantial 31% growth compared to the 75 million metric tons supplied during the same period in the previous fiscal year.
7. Sun Pharma: The pharmaceutical major has successfully acquired Libra Merger Ltd., a company incorporated in Israel. This strategic acquisition is poised to enhance and consolidate the company’s business operations in Israel.
8. Hindustan Zinc: On Tuesday, the Vedanta Group firm announced that its mined metal production has reached 271 kilo tonnes, reflecting a notable 7% year-on-year growth and an 8% quarter-on-quarter increase.
9. Mahindra Finance: On Tuesday, the company reported that its disbursements for December 2023 are anticipated to be approximately Rs 4,900 crore, representing a significant 5% increase compared to the corresponding period in the previous year.
10. Muthoot Finance: On Tuesday, a gold loan company introduced its 33rd series of public issues featuring secured redeemable non-convertible debentures (NCDs) with a face value of Rs 1,000 each. The initial issue size is established at Rs 100 crore, offering an option to retain oversubscription up to Rs 900 crore.