Top 10 stocks for today – 9th April 2024

9 Apr 2024 , 09:06 AM

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

Tata Motors: Jaguar Land Rover (JLR) announced more than 20% year-on-year growth in full-year sales due to increased production and better demand globally. Wholesale volumes of 1.1 lakh units in Q4 FY24 (excluding the China JV) climbed by 16% compared to the same quarter a year earlier, and in FY24, they increased by 25% YoY to 4.01 lakh units. Retail sales for the fourth quarter were 1.14 lakh units (including the China JV), up 11% from the previous quarter, while retail sales for the entire year increased by 22% year on year to 4.31 lakh units.

Sula Vineyards: The country’s largest winery had a 10% increase in net sales in both the fourth quarter and FY24. Net revenue for the March FY24 quarter was ₹131.8 Crore, compared to ₹120 Crore in the same period last year, and full-year revenue was ₹608.6 Crore, up from ₹553.4 Crore the previous year.

Axis Bank: Bain Capital is preparing to exit the private sector lender entirely as the US private equity firm seeks to decrease its balance position and launch a new block offer for roughly $430 million, according to three individuals familiar with the matter. The offer price range is ₹1,071 to ₹1,076.05 per share.

Gland Pharma: Nicomac Machinery and RP Advisory Services, both connected to Dr. Ravi Penmetsa, the former promoter of Gland Pharma, have launched a block deal worth around $150 million with an option to sell a stake in the drugmaker, according to three people familiar with the matter. The floor price for the block sale has been set at ₹1,725 per share, representing a 7.2% decrease from the closing price of ₹1,859.6 per share on April 8.

Dilip Buildcon: The infrastructure business has been designated the L-1 bidder for the Haryana Rail Infrastructure Development Corporation’s ₹1,092.46 Crore EPC project in Haryana.

Shilpa Medicare: The pharmaceutical business launched its qualified institutions placement (QIP) offering on April 8, with a floor price of ₹477.33 per share. Furthermore, the company’s board of directors will meet on or after April 12 to determine the issue price for the QIP issue.

UCO Bank: In the quarter ending March FY24, the bank reported a total business of ₹4.50 Lakh Crore, marking a 9.62% rise compared to the corresponding period in the previous year, with total advances jumping 15.92% year on year to ₹1.87 Lakh Crore and deposits climbing 5.53% to ₹2.63 Lakh Crore.

RBL Bank: Citigroup Global Markets Mauritius, a foreign investor, purchased 66.97 lakh equity shares (equal to 1.11% of total paid-up equity) in the private sector lender through open market transactions at an average price of ₹255.4 per share, totaling ₹171.04 Crore. Copthall Mauritius Investment was the identified seller in this transaction.

NCL Industries: The business said cement output increased by 4% year on year to 7.30 lakh MT, while cement dispatches increased by 4% to 7.39 lakh MT in the March quarter of FY24. Cement board output climbed by 17% to 21,976 MT, while shipments increased by 5% to 21,651 MT over the same time period.