Top 10 stocks for today – 9th November 2023

9 Nov 2023 , 08:16 AM

Tata Power Company: The Tata Group firm recorded an 8.8% year-on-year rise in consolidated net profit at Rs 1,017.4 crore for the fiscal quarter ended September FY24, driven in part by higher other income and lower tax charges. For the quarter, revenue from operations was Rs 15,738 crore.

BHEL: The state-owned power equipment manufacturer reported a consolidated net loss of Rs 238.1 crore for the fiscal quarter ended September FY24, compared to a profit of Rs 12.1 crore in the same period previous year, owing to poor operating performance and a reduced topline.

Biocon: Subsidiary Biocon Biologics has reached a deal with Eris Lifesciences to sell its dermatology and nephrology branded formulations business divisions in India on a slump sale basis. The sale has a total transaction value of Rs 366 crore.

Bata: The footwear company’s consolidated profit fell 38% year on year to Rs 34 crore in the July-September period of FY24, owing to VRS charges, although operating metrics remained robust. When compared to the same time previous year, revenue from operations fell 1.3% to Rs 819 crore.

Mazagon Dock Shipbuilders: The state-owned shipbuilding business increased its consolidated profit by 55.6% year-on-year to Rs 333 crore for the July-September period of FY24, powered by other income and robust operating performance. Consolidated operating revenue climbed 7.4% to Rs 1,827.7 crore.

Pidilite Industries: The manufacturer of adhesives, sealants, and construction chemicals reported a 36% year-on-year increase in consolidated profit at Rs 458.5 crore for the quarter ended September FY24, supported by robust operational statistics and lower input prices.

United Spirits: The beverage alcohol company’s standalone profit fell 37% year on year to Rs 341.3 crore in the July-September period of FY24, since the base was high due to extraordinary profits.

Oil India: The state-owned oil and gas exploration business recorded an 81% year-on-year drop in standalone profit to Rs 325.3 crore for the fiscal quarter ended September FY24, owing to an unusual loss. Revenue from operations increased by 15.1% year-on-year to Rs 5,342.4 crore.

Welspun Corporation: The pipe solutions firm posted a consolidated profit of Rs 384.7 crore for the fiscal quarter ending September FY24, compared to a loss of Rs 56.6 crore in the previous corresponding quarter, due to excellent topline and operational performance.

Birla Corporation: The MP Birla Group firm made a consolidated profit of Rs 58.4 crore during the July-September quarter of FY24, compared to a loss of Rs 56.5 crore during the same period the previous year. In Q2FY24, revenue from operations climbed 14.3% year-on-year to Rs 2,286 crore.

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