Top 10 stocks for today – 9th August, 2023

9 Aug 2023 , 08:44 AM

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

1. Coal India: The state-owned company Coal India reported a 10% year-on-year decline in its consolidated net profit, amounting to Rs 7,941 crore, for the June quarter. However, there was a 3% increase in revenue from operations, reaching Rs 35,983 crore.
2. Oil India: Oil India has posted a slight increase in its first-quarter profit on Tuesday. This rise in profit can be attributed to a reduction in expenses, which managed to counterbalance the decrease in revenue caused by the dip in crude oil prices.
3. Lupin: The pharmaceutical company has announced that its subsidiary, Novel Laboratories Inc., based in New Jersey, has obtained approval from the US Food and Drug Administration (US FDA) for its abbreviated new drug application for fluocinolone acetonide oil. This generic equivalent is for DermaSmoothe/FS, which is originally produced by Hill Dermaceuticals Inc.
4. Inox Winds: Promoters Inox Wind Energy and Devansh Trademart LLP have carried out open market transactions, selling a total of 1.46 crore equity shares and 93.48 lakh shares in the wind energy company. These transactions took place at an average price of Rs 208 per share.
5. SBI Life: The Insurance Regulatory and Development Authority of India (IRDAI) has given its approval for the appointment of Amit Jhingran as the Managing Director (MD) and Chief Executive Officer (CEO) of the company.
6. Siemens: Siemens witnessed a significant growth in its net profit for the first quarter, with a year-on-year increase of 52% to Rs 456 crore. In addition, the company’s revenues also experienced a substantial surge of 14% to reach Rs 4,873 crore during the same period.
7. Bikaji Foods: Lighthouse India Fund III, a private equity investor based in Mumbai, has recently conducted open market transactions to sell 35 lakh equity shares, equivalent to a 1.4% stake, in the ethnic snacks company. These shares were sold at an average price of Rs 480 per share.
8. EIH: The hospitality company has delivered robust financial performance for the quarter ending June in the fiscal year 2024. The company’s profit surged by 65.2% year-on-year to reach Rs 103.76 crore, driven by strong operational figures and a healthy topline.
9. Prestige Estate: Prestige Estates has announced a net profit of Rs 267 crore for the June quarter. Additionally, the company’s revenue from operations amounted to Rs 1,681 crore during the same period.
10. Tata Power, Berger Paints, IRCTC: Today’s focus will be on the financial performance of several companies, including Tata Power, Berger Paints, IRCTC, ZEE, and Max Financial, as they are set to announce their first-quarter results.