Top 10 stocks for today – 9th February 2024

9 Feb 2024 , 08:15 AM

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

Life Insurance Corporation of India: The state-owned life insurance business reported a standalone profit of ₹9,444.4 Crore for the quarter ended December FY23, up 49.1% from the previous year. Net premium income for the quarter was ₹1,17,017 Crore, up 4.7% from the same time last year.

One 97 Communications: According to insiders, the finance major is finalising a deal to purchase Bitsila, an interoperable e-commerce business. Bitsila, situated in Bengaluru, is now the third-largest seller-side platform by transaction volume on the Open Network for Digital Commerce (ONDC), according to sources. According to two sources familiar with the situation, the transaction is nearing completion and will most likely take place within the next week.

Biocon: The biopharmaceutical company reported a combined net profit of ₹660 Crore for the October-December quarter of FY24, compared to a loss of ₹41.8 Crore in the previous fiscal year. This was owing in part to a low base, since the third quarter of FY23 saw an unusual loss of ₹271.4 Crore. Revenue from operations for the quarter was ₹3,953.7 Crore, a 34.4% increase over the previous year.

BHEL: The state-owned power equipment manufacturer has received an order from HPGCL (Haryana Power Generation Corporation) to build a 1×800 MW ultra-critical expansion unit at DCRTPP Yamuna Nagar. The contract’s worth exceeds ₹5,500 Crore. BHEL will deliver equipment (including a boiler, turbine, generator, and related auxiliaries), erection and commissioning, as well as civil works.

Patanjali Foods: The FMCG firm posted a net profit of ₹216.5 Crore for the third quarter of FY24, a 19.6% decrease from the same period previous fiscal year, owing to lower topline and operating statistics. Revenue from operations declined by 0.2% year-on-year to ₹7,910.7 Crore in the quarter.

Kalyan Jewellers: Goldman Sachs Funds—Goldman Sachs India Equity Portfolio,  The Master Trust Bank of Japan Limited AC Nomura India Investment Fund Mother Fund, Nomura Funds Ireland Plc Nomura Funds Ireland India Equity Fund, and Motilal Oswal Mutual Fund A/C Motilal Oswal Midcap 30 Fund acquired 3,68,43,078 equity shares (3.6% stake) in the jewellery company for ₹1,430 Crore.

IRCTC: The state-owned business has inked a Memorandum of Understanding (MOU) with the Government of Uttarakhand through the Uttarakhand Tourism Development Board (UTDB) to operate special Bharat Gaurav tourist trains via IRCTC from various towns and stations throughout the country to Uttarakhand. The MoU was signed for a two-year period, with the option to extend it for another two years.

Aster DM Healthcare: The healthcare services provider recorded a consolidated profit of ₹179.2 Crore for the third quarter of FY24, up 28.6% year-on-year, driven by strong topline and EBITDA results. Revenue from operations climbed by 16.2% year-on-year to ₹3,710.6 Crore in the quarter, while operational EBITDA jumped by 28% to ₹583 Crore.

Ramco Cements: The cement manufacturing business recorded a 38.60% year-on-year increase in standalone net profit to ₹93.4 Crore for the quarter ended December FY24, supported by strong operating results. Revenue from operations increased by 5% year-on-year to ₹2,106.1 Crore in the quarter. The sales volume during Q3FY24 was 4 million metric tonnes, up from 3.64 million metric tonnes in Q3FY23, representing a 10% increase.

Rail Vikas Nigam: The state-owned firm reported a consolidated profit of ₹358.6 Crore for the October-December quarter of FY24, a 6.2% decrease from the previous year, owing to topline and operational metrics. Revenue from operations climbed by 6.4% year-on-year to ₹4,689.3 Crore in the quarter.

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