Top stocks for today - 6th November 2024

6 Nov 2024 , 08:08 AM

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

Dr Reddy’s: In the second quarter of FY25, the healthcare major’s consolidated net profit decreased by 15% to ₹1,255 Crore from ₹1,480 Crore in the previous year. However, revenue from operations increased by 17% year on year, reaching ₹8,016 Crore. EBITDA increased by 5% to ₹2,280 Crore, and margins improved slightly to 28.4%.

Hindustan Zinc: The Narendra Modi administration announced that the offer for sale (OFS) of Hindustan Zinc Ltd (HZL) will commence on November 6, 2024, for non-retail investors, with retail investors eligible to bid the next day, November 7. The government intends to sell 1.25% of its ownership holding in HZL, with the option of selling another 1.25% as a green shoe option.

Titan Company: The gold retailer and watchmaker reported a 25% year-on-year (YoY) fall in net profit to ₹705 Crore for the second quarter ending September 30, 2024. In the preceding fiscal quarter, Titan Company reported a net profit of ₹940 Crore, according to a regulatory filing.

GAIL: The state-owned gas utility company recorded a 9.41% YoY growth in net profit to 2,672 Crore for the second quarter ended September 30, 2024. In the preceding fiscal quarter, GAIL (India) reported a net profit of ₹2,442.18 Crore, according to a regulatory filing.

Oil India: In the July-September 2024 quarter, the state-owned company’s consolidated net profit increased by 25% to ₹1,834 Crore, up from ₹1,466.8 Crore the previous quarter. Revenue from operations was ₹5,246.2 Crore, down 1.6% from the previous quarter’s ₹5,332 Crore. As per the company, EBITDA fell 11.5% to ₹2,183.2 Crore from ₹2,466 Crore in the previous quarter, with margins decreasing from 46.3% to 41.6%.

Mankind Pharma: The pharmaceutical firm recorded a 30.4% YoY increase in net profit to ₹653.5 Crore for the second quarter ending September 30, 2024. In the previous year, Mankind’s net profit was ₹501 Crore, according to a regulatory filing. Revenue from operations climbed by 13.6% to ₹3,076.5 Crore, up from ₹2,708.1 Crore in the previous fiscal year.

Berger Paints: The country’s second-largest paint manufacturer reported a 7.5% year-on-year (YoY) decline in net profit to ₹269.6 Crore for the second quarter ended September 30, 2024. In the preceding fiscal quarter, Berger Paints India reported a net profit of ₹291.6 Crore, according to a regulatory filing.

JK Tyres: The tyre manufacturer’s net profit decreased by 44.2% year on year (YoY) to ₹135 Crore in the second quarter ended September 30, 2024. In the previous year, JK Tyre and Industries reported a net profit of ₹242 Crore, according to a regulatory filing. Revenue from operations fell 7.1% to ₹3,621.6 Crore from ₹3,897.5 Crore in Q2 of the previous fiscal.

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