Top 10 stocks for today – 3rd November 2023

3 Nov 2023 , 08:50 AM

Tata Motors: The Tata Group firm company announced a combined net profit of Rs 3,764 crore for the fiscal quarter ended September FY24, compared to a loss of Rs 945 crore in the previous corresponding period, owing to good development across categories.

Larsen & Toubro: The infrastructure firm sold its whole stake in L&T Infrastructure Engineering (LTIEL) to STUP Consultants, a subsidiary of Assystem SA of France. The transaction was executed for Rs 60 crore. This transaction is consistent with the company’s goal of concentrating its efforts on its core operations and assets.

Mahindra & Mahindra Financial Services: The business expects total disbursements to be about Rs 5,250 crore in October, which is similar to the previous year. YTD October 2023 disbursements were Rs 30,700 crore, a 16% increase year-on-year.

Maruti Suzuki India: The country’s largest automaker recorded an overall output of 1.76 lakh units in October this year, up 13.05% from 1.56 lakh units in the same month last year, including Suzuki Motor Gujarat manufacturing.

JK Lakshmi Cement: The cement business recorded a 55% year-on-year increase in consolidated profit at Rs 96 crore for the July-September quarter of FY24, owing to greater volume, a better product and sales mix, and lower fuel costs.

Indian Energy Exchange: The energy exchange reported a consolidated profit of Rs 86.5 crore for the July-September period of FY24, up 21.4% from the previous fiscal period, driven by other income, topline, and EBITDA margin.

Religare Enterprises: The firm reported a consolidated profit of Rs 40.4 crore for the fiscal quarter ending September FY24, compared to a loss of Rs 176.7 crore the previous year. Despite a significant drop in other income, revenue from operations increased by 36% year-on-year to Rs 1,584.4 crore during the quarter.

IFB Industries: The company’s consolidated profit fell 10.7% year-on-year to Rs 21.53 crore for the fiscal quarter ended September FY24, owing to a decreased topline. In comparison to the previous year, consolidated income from operations fell 1.6% to Rs 1,101 crore.

Gujarat Gas: Despite a subdued topline performance, the gas distribution business increased its consolidated profit by 37.2% year-on-year to Rs 296 crore for the quarter ended September FY24, led by a good EBITDA margin.

Dilip Buildcon: The infrastructure business stated that the board of directors will discuss acceptable fund-raising alternatives, if any, on November 7. On the same day, the firm will also release unaudited standalone and consolidated financial statements for the quarter and half year ending September 2023.

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