Top 10 stocks for today – 5th April 2024

5 Apr 2024 , 08:37 AM

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

HDFC Bank: Between February 29 and April 4, 2024, the bank sold 27,81,897 shares (or 3.03% of Indraprastha Medical Corporation’s equity capital) on the secondary market. Following the equity sale, the bank owns 2.45% of Indraprastha. The average selling price per share was ₹199.38, with a total stake sale worth ₹55.46 Crore.

Sheela Foam: The District Consumer Disputes Redressal Commission (DCDRC) has ruled in favour of Sheela Foam in the insurance claim case. According to the ruling, the corporation has got compensation of ₹21.4 Crore plus a 10% interest rate from the date of rejection, July 27, 2020. In addition, the firm earned ₹7.5 lakh for mental agony and damages, as well as ₹2.5 Lakh for legal expenditures.

Inox Wind, NBCC: The Bombay Stock Exchange (BSE) has raised the circuit limit for 331 stocks, such as IFCI, Mahanagar Telephone Nigam, and Kesoram Industries, from 5% to 10%. This change, which will come into effect on April 5, applies to companies like MMTC, Sanghi Industries, and Shriram Asset Management Company as well. Other affected entities include India Tourism Development Corporation, Jaiprakash Associates, Burnpur Cement, and NBCC (India). Additionally, Inox Wind, Sterling and Wilson Renewable Energy, Indiabulls Enterprises, BEML Land Assets, Plaza Wires, and Ginni Filaments are among the companies with revised price bands.

Nestle India: The National Consumer Dispute Redressal Commission, New Delhi (NCDRC) has dismissed the Central Government’s complaint against Nestle India for unfair commercial practices in marketing Maggi Noodles. The government filed a lawsuit against the corporation in 2015, stating that by previously selling Maggi noodles, the company engaged in unfair trading practices by producing and marketing harmful and defective commodities to the public. The government sought ₹284.55 Crore in compensation as well as ₹355.41 Crore in punitive penalties.

Zee Entertainment: Punit Misra has left as President, Content & International Markets, of the corporation to pursue interests outside of the organisation.

Bajaj Finance: Assets under management (AUM) increased by 34% to ₹3.3 Lakh Crore in the fiscal year ending March 31, FY24, and by ₹19,400 Crore in the fourth quarter of FY24. In FY24, the deposit book increased by 35% over the previous fiscal year, reaching ₹60,100 Crore. New loans booked in Q4 FY24 grew 4% to 7.87 million, while customer franchises increased by 3.23 million.

IndusInd Bank: The private sector lender registered deposits of ₹3.85 lakh Crore for the quarter ended March FY24, up 4% from the previous year and up 14% from a year earlier. Net advances increased by 5% QoQ and 18% YoY to ₹3.43 lakh Crore, while the CASA ratio of 37.9% fell 60 basis points from the previous quarter and 2.2% from the equivalent quarter of the previous fiscal.

Cello World: Cello Consumerware, a subsidiary, has gradually commissioned its production facilities in Rajasthan. Furthermore, the glassware furnace planned for the same site will be operational by the end of the first quarter of FY25.

UltraTech Cement: The business constructed a 100 MW solar energy plant in Rajasthan as part of the group captive strategy. This is the company’s first initiative to source power for captive use from the interstate transmission network. Power from this project will be sent to the company’s operations in Rajasthan, Gujarat, Himachal Pradesh, Tamil Nadu, and Odisha, among others. The firm presently has a total capacity of 612 MW of renewable electricity and 278 MW of WHRS.

Bandhan Bank: The institution said that loans and advances climbed by 17.8% year on year to ₹1.28 lakh Crore, while deposits increased by 25.1% to ₹1.35 lakh Crore in the March quarter of FY24. CASA deposits surged by 18.1% year on year to ₹50,151 Crore, while retail deposits (including CASA) increased by 21.9% to ₹93,794 Crore.

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