Top stocks for today - 5th November 2024

5 Nov 2024 , 08:43 AM

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

IRCTC: State-run railway company IRCTC posted a 4% year-on-year (YoY) increase in consolidated net profit, reaching ₹308 crore for the quarter ending September 30, 2024. Revenue from operations rose by 7% YoY to ₹1,064 crore. The board has also declared an interim dividend of ₹4 per share.

Afcons Infrastructure: Despite Afcons Infrastructure’s subdued market debut, prominent funds like Goldman Sachs, Jupiter India, and Nomura acquired stakes in the company through bulk deals on Monday.

Dixon Technologies: The electronics hardware manufacturer announced the incorporation of a wholly-owned subsidiary, Dixon Teletech, aimed at producing components for IT hardware products.

Embassy Office Parks REIT: The market regulator SEBI has directed Embassy Office Parks Management Services to suspend Aravind Maiya from his role as CEO. SEBI has instructed the company to appoint an interim CEO with immediate effect. Embassy Office Parks Management Services serves as the manager for Embassy REIT.

Raymond: The real estate and engineering company reported a 63% drop in consolidated net profit, totaling Rs 59.01 crore for the second quarter of this fiscal. Meanwhile, total income for the July-September period increased to Rs 1,100.70 crore.

Gland Pharma: The pharmaceutical company reported a 15.7% year-on-year decline in net profit, reaching Rs 163.5 crore for the second quarter ending September 30, 2024. Revenue from operations rose 2.4% to Rs 1,405.8 crore for the period. EBITDA decreased by 8.4% year-on-year to Rs 297 crore, with margins narrowing to 21.1% for the quarter.

Bata India: The company reported a 53% rise in profit, reaching Rs 52 crore compared to Rs 34 crore previously. Revenue increased by 2.2%, standing at Rs 837.1 crore against Rs 819.1 crore. There was no exceptional item this quarter, compared to a loss of Rs 40.9 crore in the prior period.

ABB India: The company’s profit surged by 21.7% to Rs 440.5 crore from Rs 362 crore. Revenue rose 5.2%, reaching Rs 2,912.2 crore compared to Rs 2,769.2 crore. EBITDA saw a significant increase of 23.2%, climbing to Rs 540.2 crore from Rs 438.5 crore. Margins expanded by 280 basis points, reaching 18.6% versus the previous 15.8%.

Kuntan Papers: The Board has appointed Vikram Kumar Khaitan as the Chief Financial Officer (CFO) of the company, effective November 5. This follows the resignation of Roshan Garg, who stepped down from the CFO position effective November 4.