Top stocks for today - 30th October 2024

30 Oct 2024 , 08:05 AM

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

Deepak Fertilisers: The company announced a more than three-fold increase in second-quarter earnings at ₹214.07 Crore on Tuesday, backed by significant sales growth across all business sectors. In the same quarter of the previous fiscal year, the fertiliser maker’s consolidated net profit was ₹63.45 Crore. Revenue from operations increased by 12.7% to ₹2,753.59 Crore, while expenses rose by 5.5% to ₹2,454.92 Crore.

Marico: The FMCG major recorded a 20.3% increase in consolidated net profit at ₹433 Crore for the quarter ending September 2024, up from ₹360 Crore in the same period last year, according to an exchange filing on Tuesday. During the reporting year, total income was ₹2,746 Crore, up from ₹2,514 Crore the previous year. Revenue from operations increased by 7.6% to ₹2,664 Crore, from ₹2,476 Crore in the same quarter last year.

Maruti Suzuki: India’s largest passenger car maker slumped on Tuesday, October 29, after its September quarter results fell short of expectations in terms of net profit and margins. The net profit for the quarter was ₹3,069 Crore. Maruti’s net profit is impacted by a deferred tax expense of ₹1,017 Crore in the current quarter.

Reliance Industries: Reliance New Energy Solar Ltd (RNESL), a wholly-owned subsidiary of Reliance Industries, has purchased the remaining equity investment of almost 8% in Faradion Limited, a leading sodium-ion battery technology business. 

CONCOR: CONCOR, a state-owned company, issued a second interim dividend of ₹3.25 per share despite a 4.2% increase in revenue in Q2. CONCOR’s Q2 results showed a mixed performance, with net profit declining by 0.6% to ₹366.3 Crore from ₹368.5 Crore YoY. The company’s revenue climbed 4.2% to ₹2,287.7 Crore, driven by higher logistics demand. 

Godrej Agrovet: Godrej Agrovet Ltd reported a tough second quarter, with net profit sliding by 7.9% to ₹95.8 Crore YoY, and revenue declining by 4.6% to ₹2,448.8 Crore. Despite decreases, the company improved operational efficiency, increasing EBITDA by 13.2% to ₹223.4 Crore. Margins increased from 7.7% the previous year to 9.1%, indicating a shift towards cost management and productivity gains.

For feedback and suggestions, write to us at [e-mail]