Top 10 stocks for today – 4th July, 2023

4 Jul 2023 , 07:42 AM

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

1. Reliance Industries: Reliance Jio has introduced the Jio Bharat Phone, aimed at providing internet-enabled functionality to the existing user base of 250 million feature phone users. The Jio Bharat Phone will offer these users access to internet services and features typically available on smartphones. Starting from July 7, the beta trial for the first 1 million Jio Bharat phones will commence, allowing users to experience and provide feedback on the device’s performance and features.
2. Lupin: On Monday, the pharmaceutical company announced that it has obtained approval from the United States Food and Drug Administration (US FDA) for its Abbreviated New Drug Application (ANDA) for a nasal spray containing cyanocobalamin at a strength of 500 mcg per spray.
3. Bajaj Finance: During the June quarter, there was a significant increase in new loans booked compared to the same period last year. The number of new loans booked rose by 34%, reaching 9.9 million, compared to 7.4 million in the previous year. Additionally, the assets under management (AUM) experienced strong growth, with a 32% increase. The AUM reached Rs 2.7 lakh crore, up from Rs 2.04 lakh crore in the previous year.
4. Vedanta: In the June quarter, Vedanta reported a 2% increase in both its total aluminium production and mined metal production. Additionally, the company’s overall power sales experienced a significant growth of 19% compared to the previous year.
5. IndusInd Bank: On Monday, IndusInd International Holdings Ltd. (IIHL) announced that its board has given approval for a capital raising initiative of up to $1.5 billion. The purpose of this capital raising is to finance the acquisition of Reliance Capital and increase IIHL’s shareholding in IndusInd Bank to 26%. IIHL is recognized as one of the promoters of IndusInd Bank Ltd.
6. Oil India: The company’s Board has given its approval to revise the project capital cost for the implementation of the petrochemical project of Numaligarh Refinery Ltd. The revised capital cost is set at Rs 7,231 crore, an increase from the initial estimate of Rs 6,555 crore.
7. Avenue Supermarts: The operator of the hypermarkets chain D-Marts has reported a year-on-year growth of 18.1% in standalone revenue for the quarter ending June FY24. The revenue for this period amounted to Rs 11,584.44 crore, compared to Rs 9,806.9 crore in the same period last year. As of June 2023, the total number of D-Mart stores reached 327.
8. Anupam Rasayan: On Monday, the chemicals maker, Anupam Rasayan announced that it has entered into a memorandum of understanding (MoU) with 3xper Innoventure Ltd, a subsidiary of Tube Investments of India Ltd. The purpose of this agreement is to establish a partnership for the supply of specific and identified new-age pharmaceutical molecules.
9. Hindustan Zinc: HZL (Hindustan Zinc Limited) achieved a record-high mined metal production of 257 kilotonnes (KT) in the first quarter, marking a 2 percent increase compared to the previous year.
10. IDFC First Bank: The board of IDFC Financial Holdings has approved a merger with IDFC, with IDFC Financial Holdings being the surviving entity. As per the merger terms, shareholders of IDFC First will receive 100 shares of IDFC for every 155 shares of IDFC First.