Top 10 stocks for today – 7th August, 2023

7 Aug 2023 , 07:59 AM

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

1. BHEL: The corporation posted a net loss of Rs 343.9 crore, which is a larger loss compared to the Rs 188 crore loss recorded in the previous year. However, during the quarter being analyzed, the company’s revenue exhibited a growth of 7.1%, reaching Rs 5,003.4 crore.
2. Cipla: The pharmaceutical company has been issued an ‘official action indicated’ (OAI) status by the US Food and Drug Administration (FDA) for its Pithampur manufacturing facility.
3. Aurobindo Pharma: Aurobindo Pharma’s subsidiary, Eugia Pharma, has obtained final approval from the United States Food and Drug Administration (USFDA) to produce and distribute Vancomycin Hydrochloride for Injection USP in strengths of 1.25 g/vial and 1.5 g/vial, packaged as Single-Dose Vials.
4. Britannia: Britannia Ltd, a prominent biscuit manufacturer, recorded a substantial 36% upsurge in its consolidated net profit, reaching Rs 458 crore in the first quarter (Q1). Concurrently, the company’s revenue from operations exhibited a steady 8% year-on-year growth, totaling Rs 4,011 crore during the same period.
5. Delhivery: Delhivery Ltd, a logistics services provider, exhibited a notable reduction in its losses for the quarter ending in June. The company’s consolidated net loss contracted significantly to Rs 89.5 crore during the quarter, marking a substantial improvement from the Rs 399 crore loss reported in the corresponding period last year.
6. ICICI Bank: The Reserve Bank of India (RBI) has granted approval to ICICI Bank’s proposal to raise its shareholding in ICICI Lombard by up to 4%.
7. Adani Enterprises: Adani Digital Labs, a subsidiary of the Adani Group’s flagship company, has further increased its ownership stake in Stark Enterprises by acquiring an additional 70.19 % share for a sum of Rs 6.8 crore. This acquisition follows a previous purchase in July, where the company acquired a 29.81 % stake.
8. Reliance Industries: On August 28, 2023, the conglomerate led by Mukesh Ambani will convene its Annual General Meeting. Among the resolutions to be addressed is the modification of the memorandum of association, aiming to permit business operations across the spectrum of integrated renewable energy power projects.
9. SBI: State Bank of India (SBI) is planning to offload distressed loans amounting to over Rs 96,000 crore to asset reconstruction companies, in a renewed effort to enhance the quality of its balance sheet and address non-performing assets.
10. Bank of Baroda: In the June quarter, Bank of Baroda witnessed an impressive 88% surge in net profit, reaching Rs 4,070 crore. Additionally, the Net Interest Income experienced a robust year-on-year growth of 24%, amounting to Rs 10,997 crore.