Top 10 stocks for today - 15th October 2024

15 Oct 2024 , 08:54 AM

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

Reliance Industries: India’s most valuable corporation reported a 5% drop in net profit for the July-September quarter, citing sluggish oil refining and petrochemical operations. In the second quarter of the current fiscal year, the company’s consolidated net profit decreased to ₹16,563 Crore (₹24.48 per share) from ₹17,394 Crore (₹25.71 per share) the previous year.

HCLTech: The IT services major posted a 10.51% increase in consolidated net profit to ₹4,235 Crore in the July-September quarter of FY25. The firm upgraded the bottom band of its growth outlook due to better-than-expected performance. The Noida-based company reported a net profit of ₹3,832 Crore in the previous year period. HCLTech raised the lower band of its year-on-year sales growth outlook to 3.5-5% in constant currency, up from 3-5% in Q1.

Sunteck Realty: The company reported a 33% increase in sales bookings to ₹524 Crore in the September quarter due to higher housing demand. In the previous year, their sales bookings (pre-sales) totalled ₹395 Crore. The company’s sales bookings increased 31% to ₹1,026 Crore during the April-September quarter (Q2) of the current fiscal year, up from ₹782 Crore in the same period last year.

JSW Infrastructure: The company stated that it has received a Letter of Intent from the Maharashtra Maritime Board (MMB) for the “Development, Operation, Management, and Maintenance of an All Weather and Multipurpose Port at village Murbe in Palghar District of Maharashtra” on a Public Private Partnership (PPP) basis under the Design, Build, Own, Operate, and Transfer (DBOOT) Model.

Can Fin Homes: The company’s board of directors has approved the issuance of Non-convertible Redeemable Debentures (NCDs), secured or unsecured, on a private placement basis, in one or more tranches up to the overall limit of ₹4,000 Crore as approved by the members at the Annual General Meeting (AGM) held on August 07, 2024.

Sterling & Wilson Renewables: The company reported receiving new orders of ₹823 Crore on Monday, bringing the total order intake in Q2 to ₹2,050 Crore. The unexecuted order book has reached its highest ever level of ₹10,500 Crore. All orders received during the quarter were domestic.

Lyka Labs: The company announced that, following extensive research and the successful completion of Phase III Clinical Trials, it has received approval from the Central Drugs Standard Control Organisation of India (CDSCO) to manufacture and market Pregabalin Gel 8% w/w for the treatment of diabetic neuropathic pain.

Zydus Lifesciences: The business signed a Memorandum of Agreement (MoA) with the Indian Council of Medical Research (ICMR) to begin Phase 2 clinical studies of Desidustat in sickle cell disease patients.

J Kumar Infraprojects: The construction company has obtained a work order from the Pune Municipal Corporation worth ₹297.83 Crore. The project entails developing the Mula River from Wakad Bypass to Sangvi Bridge (stretch 1, 2, and 3).

CESC: Purvah Green Power, the company’s subsidiary, has signed a Share Purchase Agreement to purchase all of Deshraj Solar Energy’s shares. Following the acquisition, Deshraj Solar Energy will become a step-down subsidiary of the corporation.

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