Top stocks for today - 7th November 2024

7 Nov 2024 , 08:03 AM

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

Power Grid: State-owned company reported a 0.3% YoY increase in net profit to ₹3,793 Crore for the second quarter ending on September 30. In the preceding fiscal quarter, Power Grid Corporation of India reported a net profit of ₹3,781 Crore, according to a regulatory filing.

Tata Steel: In Q2 of FY25, the company reported a net profit of ₹758 Crore, exceeding forecasts. This represents a significant improvement from a loss of ₹6,511 Crore in the same quarter of the previous year. Revenue was ₹53,904.7 Crore, somewhat higher than expected (₹53,425 Crore), but a 3.2% decrease from ₹55,682 Crore the previous year.

Hindalco: Novelis’ net income fell 18% in the second quarter as a result of production difficulties at its Sierre factory in Switzerland due to widespread flooding. The company reported a net income of $128 million for the three months ending September 30, a decrease of 18% from the same time last year.

Kansai Nerolac: The paint maker’s net profit decreased by 30.7% year-on-year (YoY) to ₹122.8 Crore for the second quarter ended September 30, compared to ₹177.2 Crore at the same time last year. The company’s income from operations fell 0.3% to ₹1,951.4 Crore, compared to ₹1,956.5 Crore the previous year. In the second quarter of FY24, EBITDA climbed by 22.4% to ₹212 Crore, up from ₹177.2 Crore.

Gujarat Gas: The City Gas Distribution Company recorded an increase in compressed natural gas (CNG) volumes to 2.93 million metric standard cubic metres per day (mmscmd), a 12% rise over the same period the previous year. The company’s revenue for the quarter was ₹3,949 Crore, slightly lower than the ₹3,991 Crore achieved in the second quarter of the previous year.

Apollo Hospitals: The company recorded a 59% year-on-year (YoY) increase in net profit of ₹395.7 Crore for the second quarter ended September 30, 2024. In the preceding fiscal quarter, Apollo Hospitals reported a net profit of ₹249 Crore, according to a regulatory filing.

Blue Star: In Q2 FY24, the company’s net profit increased by 35.6% to ₹96 Crore from ₹70.8 Crore in Q2 FY23, indicating a solid performance. This increase in earnings was driven by strategic cost control and improved operational efficiency. The company’s revenue from operations increased by 20.4% to ₹2,276 Crore from ₹1,890.4 Crore a year before.

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