Top 10 stocks for today – 8th January 2024

8 Jan 2024 , 08:41 AM

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

1. Titan: The manufacturer of jewellery, watches, and eyecare products achieved a remarkable 22% year-on-year revenue growth for the quarter ending December FY24. Within its diversified portfolio, the jewellery business saw a substantial 23% growth, the watches and wearables division exhibited a notable 21% increase, while the eyecare business experienced a modest decline of 3% year-on-year.
2. Godrej Consumer Products: The FMCG company reported that the operating environment in India for Q3FY24 remained consistent with Q2. Despite this, the organic business exhibited steady underlying volume growth in the mid-single digits. This growth was evenly distributed across both home care and personal care segments.
3. Marico: In the quarter, consolidated revenue experienced a low-single-digit decline. Domestic volumes also demonstrated modest growth in the low single digits year-on-year. Parachute coconut oil achieved low-single-digit volume growth, while value-added hair oil showed low-single-digit value growth.
4. Jupiter Wagons: The company has secured a contract valued at Rs 100 crore from a prominent automobile manufacturer. The contract entails the manufacturing and supply of four rakes of double-decker automobile carrier wagons.
5. Bank of Baroda: Year-on-year, deposits have increased by 8.3%, but there is a marginal sequential decline of 0.3%. Domestic deposits, specifically, have seen a sequential decline of 0.6%. Meanwhile, advances have witnessed a substantial 13.6% increase year-on-year and a modest 2.4% growth quarter-on-quarter.
6. Tata Steel: Production volumes in India have experienced a 6.4% year-on-year increase, reaching 5.32 million metric tons (MT) compared to the previous year’s 5 million MT. Concurrently, delivery volumes saw a 3% rise, totaling 4.88 MT, up from 4.74 MT.
7. Union Bank of India: Year-on-year, deposits have seen a 10% increase, and on a quarter-on-quarter basis, there is a 3.1% growth. Advances have risen by 11.4% compared to the previous year, and there is a 5.8% increase from the previous quarter. The Domestic CASA Ratio stands at 34.39%, a slight decline from 35.29% last year and a marginal increase from 34.12% in June.
8. Adani Wilmar: Capitalizing on heightened demand during the festive and wedding season, the company achieved its all-time best volumes in the quarter. Standalone sales, however, experienced a 15% year-on-year decline, while volumes saw a positive 6% year-on-year growth.
9. TVS Motor: TVS Motor inks MoU with Tamil Nadu government, commits Rs 5,000 crore investment and 500 job opportunities in next five years.
10. Cipla: Cipla Technologies, LLC, a wholly-owned step-down subsidiary, and Pulmatrix have successfully finalized an amendment to their agreement for the development and commercialization of Pulmazole.