Top Stocks for today - 13th November 2024

13 Nov 2024 , 07:56 AM

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

Tata Chemicals: Tata Chemicals Europe Ltd (TCEL) would invest £60 million (about ₹655 Crore) in a new pharmaceutical-grade sodium bicarbonate factory in Northwich, UK. Tata Chemicals Europe Ltd’s board has approved the plant, which will have an annual production capacity of 180,000 tonnes and is expected to treble TCEL’s pharmaceutical-grade sodium bicarbonate output in the UK. 

GSFC: The company’s net profit decreased by 3.5% year on year (YoY) to ₹298.2 Crore in the second quarter ended September 30, 2024. In the preceding fiscal quarter, GSFC reported a net profit of ₹309 Crore. Revenue from operations decreased by 15.5% to ₹2,635.2 Crore, down from ₹3,118.7 Crore the previous year. In the second quarter of this fiscal, EBITDA increased by 19.6% to ₹283.7 Crore, up from ₹237.3 Crore in the previous year.

Varun Beverages: The company announced development plans, including three large purchase bids aimed at strengthening its presence in Africa and improving production capacities in India. These purchases include a 100% investment in SBC Beverages Tanzania Ltd (SBCT), a 100% stake in SBC Beverages Ghana Ltd (SBCG), and the remaining 39.93% stake in Lunarmech Technologies Pvt Ltd, a manufacturer of plastic closures for PET bottles used by Varun Beverages.

Sula Vineyards: On Tuesday, November 12, 2024, India’s largest winemaker reported a 37% reduction in net earnings for the second quarter, citing a broader trend of slowing urban consumer spending and decreasing demand. In the quarter ending September 30, Sula’s consolidated net profit decreased to ₹14.5 Crore from ₹23 Crore the previous year. The company’s total income decreased by 1% to ₹132.4 Crore from ₹133.7 Crore a year before, while expenses increased by about 10%.

PNC Infratech: The infrastructure firm’s net profit fell by 43.6% year on year (YoY) to ₹83.5 Crore in the second quarter ending September 30, 2024. In the previous fiscal quarter, PNC Infratech reported a net profit of ₹148 Crore. Revenue from operations decreased by 25.3% to ₹1,427 Crore, compared to ₹1,911.4 Crore the previous year. In the second quarter of this fiscal, EBITDA decreased by 10.9% to ₹356.4 Crore, compared to ₹399.8 Crore in Q2 FY24.

Nykaa: The consumer technology platform posted a net profit attributable of ₹10.04 Crore for the quarter, rising 71.6% year on year. The cosmetics company reported a profit of ₹5.85 Crore in the same quarter previous year. On a quarterly basis, net profit increased 4.1%. In the September quarter, FSN’s consolidated revenue from operations was ₹1,874.74 Crore, up 24.4% from ₹1,507.02 Crore in the same quarter last year.

BSE: India’s oldest exchange reported an 187.8% YoY increase in net profit to ₹346.8 Crore for the second quarter ended September 30, 2024. In the preceding fiscal quarter, BSE reported a net profit of ₹120.5 Crore, according to a regulatory filing. Revenue from operations increased by 137.3% to ₹746.3 Crore, up from ₹314.5 Crore the previous year.

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