Top 10 stocks from today – 8th November 2023

8 Nov 2023 , 08:32 AM

IndiGo: After receiving more information on the powder metal issue from Pratt & Whitney, the low-cost airline firm predicts aircraft on ground (AOG) in the mid-thirties in Q4FY24 owing to faster engine removals.

Apollo Tyres: The tyre manufacturing business reported a consolidated profit of Rs 474.3 crore for the fiscal quarter ending September FY24, up 164.4% from the previous year on strong financial performance and lower input prices. Over the same period last year, revenue from operations increased by 5.4% to Rs 6,280 crore.

Hero MotoCorp: The country’s top two-wheeler manufacturer is working with very respectable partners in the United Kingdom, Spain, and France to launch commercial operations in each of these areas by the middle of 2024. It will first launch the electric scooter VIDA V1 in these markets, followed by high-capacity premium ICE bikes and scooters.

Indian Railway Catering & Tourism Corporation: The state-owned railway business increased standalone net profit by 30.4% year-on-year to Rs 295 crore for the fiscal quarter ended September FY24, with income from operations increasing by 23.5% to Rs 995.3 crore, driven by growth across all divisions.

CRISIL: The rating agency recorded consolidated net profit of Rs 152 crore for the quarter ended September 2023, up 2.8% from the same period last year, influenced by reduced other income but backed by robust operating performance.

SJVN: The state-owned enterprise has obtained a letter of intent from Uttarakhand electricity Corporation (UPCL) to acquire 200 MW of solar electricity. UPCL aims to acquire 200 MW of power from the company’s 1,000 MW Bikaner solar project at a cost of Rs 2.57 per unit. 

Shree Cement: The cement manufacturing business reported a standalone net profit of Rs 491 crore for the July-September quarter of FY24, up 159% from the same period last year, thanks to good operating metrics and a robust topline. Revenue from operations grew by 21% year-on-year to Rs 4,585 crore.

Power Grid Corporation of India: For the fiscal year ending September FY24, the state-owned electricity transmission firm recorded a 3.6% year-on-year rise in consolidated profit of Rs 3,781.4 crore.

Cummins India: Despite a sluggish topline, the Pune-based engine manufacturer increased its standalone net profit by 30% year-on-year to Rs 328.5 crore for the July-September quarter of FY24, led by stronger operating margin performance and greater other income.

Dilip Buildcon: The infrastructure development firm’s consolidated earnings increased fourfold year-on-year to Rs 68.6 crore for the quarter ending September FY24, from Rs 17 crore the previous year.

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