Top 10 stocks for today

11 Aug 2022 , 08:20 AM

The Singapore Exchange’s Nifty futures traded 211 points, or 1.2%, higher at 17,757.5, indicating that the stock market would have a positive start to the expiry. The following 10 stocks may be the most popular ones in today’s market:

1. Coal India:

On a low basis, the state-owned company’s Q1 consolidated profits after increased by 178% year over year to Rs8,834.22 crore for the quarter ended in June FY23. The second Covid wave impacted the earnings for the June quarter of FY22. When compared to the same time last year, revenue jumped by 39% to Rs35,092 crore. For the quarter that ended in June FY23, the largest coal mining company in the nation produced 159.75 million tonnes of raw coal, a rise of 29% YoY, and its offtake of raw coal climbed by 10.6% YoY to 177.49 million tonnes.

1. Tata Consumer Products:

The Tata Group company saw its profit increase by 38% year over year to Rs277 crore for the quarter that ended in June FY23, while revenue increased by 11% to Rs3,327 crore and EBITDA increased by 14% to Rs460 crore. Revenue rose 10% year over year in constant currency terms.

1. Eicher Motors:

The two-wheeler and commercial vehicle manufacturer recorded a consolidated profit increase of 157.5% year over year to Rs610.66 crore for the quarter ended June FY23, helped by a low base. The second Covid wave had an impact on the earnings in Q1FY22. In comparison to the same time in the previous year, revenue increased by 72% to Rs3,397.5 crore.

1. Oil India:

In the quarter ended June FY23, the company’s consolidated profits after tax increased by 166% year over year to Rs3,230 crore. In Q1FY23, revenue increased by 86.5% to Rs11,567 crore from Rs6,202 crore during the same period the previous year.

1. Mazagon Docks Shipbuilders:

In spite of a low base, the company’s consolidated earnings for the June FY23 quarter increased by 121% year over year to Rs224.8 crore. Numbers were impacted by the second Covid wave in Q1FY22. Compared to the same period last year, revenue increased by 84% to Rs2,230 crore, but input costs more than doubled.

1. ISGEC Heavy Engineering:

For the quarter ended June FY23, the company recorded a 120% year-over-year improvement in profit at Rs30.09 crore, underpinned by improved top line and operating performance. Compared to the same period the previous year, revenue increased by 22% to Rs993 crore.

1. IRCTC:

With business returning to normal, the company saw a 198% year-over-year increase in profit for the quarter ended June FY23, coming in at Rs245.52 crore. The second Covid wave had an impact on the previous quarter. When compared to the same time in the prior fiscal year, revenue increased by 250% to Rs852.60 crore.

1. Ashoka Buildcon:

Driven by top line and operating performance, the road developer recorded a 69.4% year-over-year increase in consolidated profit at Rs134.66 crore in the quarter ended June FY23. Earnings were further supported by the low base because the second Covid wave had an impact on Q1FY22. In comparison to the same quarter the previous year, revenue increased by 46% to Rs1,878.56 crore.

1. Mahindra & Mahindra:

Through open market transactions, the Life Insurance Corporation of India sold 2.49 crore equity shares or 2% of the company’s stock. As a result, LIC’s ownership of the business dropped from 8.43% to 6.42%.

1. PB Fintech:

Due to subpar operating results, the Policybazaar operator reported a combined loss of Rs204.33 crore for the quarter ended June FY23, an increase from Rs110.84 crore in the same period last fiscal. For the quarter, the company reported a considerable increase in staff costs as well as advertising and promotion costs. EBITDA loss nearly doubled to Rs234.3 crore for the June FY23 quarter, compared to Rs118.35 crore for the same quarter last fiscal year. Revenue from operations totaled Rs505.2 crore, up 112.5% from Rs238 crore reported in the same quarter last year.