Top 10 stocks for today – 5th January 2024

5 Jan 2024 , 08:31 AM

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

L&T Finance Holdings: Retail disbursements for Q3FY24 are expected to be Rs 14,500 crore, up 25% year on year, while the retail loan book at the end of Q3FY24 is expected to be Rs 74,750 crore, up 31% year on year. The portfolio’s retaliation is anticipated to be 91% at the end of Q3FY24.

RBL Bank: Total deposits increased by 13% year on year to Rs 92,743 crore for the quarter ended December FY24, with retail LCR deposits increasing by 16% year-on-year to Rs 41,209 crore. The CASA ratio fell to 33.8% in Q3FY24 from 36.6% in the previous corresponding period.

Lupin: The global pharmaceutical company has received tentative approval from the US Food and Drug Administration (US FDA) for its abbreviated new drug application for Dapagliflozin and Saxagliptin tablets, which are available in 5 mg/5 mg and 10 mg/5 mg strengths.

Dabur India: Demand trends improved sequentially in the quarter ending December FY24, however, rural growth continued to lag behind urban growth. Early evidence of a consumer rebound might be seen in improved volume patterns. During Q3 FY24, consolidated revenue is predicted to climb by mid to high-single digits.

Grasim Industries: The Aditya Birla Group firm has got clearance from the Board of Directors for a Rs 3,999.80 crore rights issue, with the issue price set at Rs 1,812 per share. The rights issue will take place between January 17 and January 29, 2024. The issue’s record date is set for January 10, and the rights entitlement ratio is set at 6 rights equity shares for every 179 fully paid-up equity shares of the firm held by qualified equity shareholders.

Power Finance Corporation: For the current fiscal year 2023-24, the state-owned power project finance corporation has increased its market borrowing programme to Rs 1.05 lakh crore from Rs 80,000 crore.

Coforge: With effect from January 5, the board of directors selected Saurabh Goel as the company’s Chief Financial Officer (CFO). Ajay Kalra has resigned as the company’s CFO owing to personal reasons and to seek other possibilities. Kalra will continue to work full-time for the firm as a senior advisor until July 10, 2024.

Sunteck Realty: On January 2, Pabrai Investment Funds sold a 2.03% stake in the real estate firm through open market transactions. As a result, their share in the firm has decreased from 8.61% to 6.58%.

Jammu & Kashmir Bank: The lender reported total advances of Rs 93,626.5 crore for the December FY24 quarter, a 14.13% increase over the previous corresponding period. Total revenue climbed by 11.8% year-on-year to Rs 2,18,650 crore, while total deposits increased by 9% year-on-year to Rs 1,28,544 crore. CASA deposits increased by 2.68% year-on-year to Rs 65,035 crore in the third quarter.

Utkarsh Small Finance Bank: The small finance bank’s gross loan portfolio expanded by 30.8% year-on-year (up 10.2% quarter-on-quarter) to Rs 16,408 crore for the quarter ending December FY24, while total deposits climbed by 17.60% year-on-year and 8.20% quarter-on-quarter to Rs 15,111 crore.

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