Top 10 stocks for today – 3rd September 2023

3 Oct 2023 , 09:00 AM

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

Maruti Suzuki India: The GST Authority has issued a show-cause notice to India’s largest automaker, intending to demand interest and levy a penalty. This is in addition to appropriating tax previously paid in the sum of Rs 139.3 crore in relation to tax duty under reverse charge basis on certain services. In September 2023, India’s largest automaker sold 181,343 units, a 2.85% increase over the 1.76 lakh units sold in the same month last year.

Eicher Motors: Royal Enfield sales declined 4% year-on-year to 78,580 units in September, with exports falling 49% year-on-year to 4,319 units, while commercial vehicle sales grew 8.6% to 7,198 units.

Mahindra & Mahindra: In September, the business sold 75,604 automobiles, including exports, representing a 17% increase over the same month last year. Its domestic passenger vehicle sales were 41,267 vehicles, up 20% year-on-year, while tractor sales were down 11% year-on-year to 43,210 units. Domestic sales were down 11% to 42,034 and exports were down 27% to 1,176 units during the same period.

Tata Motors: The Tata Group company reported total domestic sales of 82,023 units, up 2% year-on-year, while total commercial vehicle sales grew by 12% year-on-year to 39,064 units.

Adani Total Gas: Due to the restructuring of TotalEnergies Group directorship/nominees in India, Ahlem Friga-Noy has resigned as nominated director of TotalEnergies on the company’s board with effect from September 30, 2023.

Coal India: In September 2023, coal supply climbed by 12.6% year-on-year to 55 million tonnes, while output increased by 12.6% y-o-y to 51.4 million tonnes. It produced around 333 million tonnes of coal in the first half of the current fiscal year, an increase of 11.3% year-on-year, and supplies increased by 8.6% y-o-y to 360.7 million tonnes during the same period.

Ramkrishna Forgings: The forging company has received board clearance to raise funds of up to Rs 1,000 crore through qualified institutional placement (QIP) of equity shares. Furthermore, the board of directors approved the conversion of warrants and allotment of 46 lakh equity shares upon receipt of Rs 70.72 crore from warrant holders at the cost of Rs 153.75 per warrant (representing 75% of the warrant issue price).

TVS Motor Company: Company’s total sales for September 2023 were reported at 4.02 lakh units, a 6% increase over the 3.79 lakh units sold in the same month last year. Two-wheeler sales climbed by 7% year on year to 3.86 lakh units, while exports increased by 8% to 1 lakh units. However, three-wheeler sales fell 9.7% to 15,598 units over the same period.

Hero MotoCorp: The world’s largest two-wheeler manufacturer has decided to revise the ex-showroom prices of some motorbikes and scooters beginning October 3, 2023. The price increase will be roughly 1%, with the exact amount varying depending on the model and market.

Blue Dart: The logistics firm has announced a general pricing hike that will take effect on January 1, 2024. Depending on the shipping profile, the average shipment price increase in 2023 will be 9.6 percent. Customers who sign up between October 1 and December 31 this year will not be affected by the price rise.

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