Top 10 stocks for today – 25th April 2024

25 Apr 2024 , 08:57 AM

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

Hindustan Unilever: The FMCG major reported standalone net profit of ₹2,406 Crore for the quarter ended March FY24, a 5.7% decrease from the previous year, owing to disappointing topline and operating performance. Revenue from operations declined 0.2% year on year to ₹14,857 Crore in the quarter, while volume increased by 2%. EBITDA slipped 1% year-on-year to ₹3,435 Crore, with the margin falling 20 basis points to 23.1% in Q4 FY24, dragged down by higher advertising and marketing spending, despite lower raw material costs year on year.

Kotak Mahindra Bank: The Reserve Bank of India has stopped Kotak Mahindra Bank from onboarding new customers via its online and mobile banking channels, as well as issuing new credit cards, citing regulatory concerns about its technology systems. The sanctions came after the RBI examined the bank's IT systems over the last two years and the bank's ongoing refusal to address issues. Existing customers will be unaffected by the prohibition, and Kotak will be able to continue providing services to them, including credit card customers.

State Bank of India: The Financial Services Institutions Bureau (FSIB) has proposed Rana Ashutosh Kumar Singh for the job of Managing Director of SBI. Rana Ashutosh Kumar Singh is currently the Deputy Managing Director for Retail Banking at SBI.

Axis Bank: The private sector lender posted a standalone net profit of ₹7,130 Crore for the March FY24 quarter, compared to a loss of ₹5,728.4 Crore in the same time previous year, despite increased provisions for bad loans. Net interest income increased by 11.5% year on year to ₹13,089 Crore in the quarter, with a net interest margin of 4.06%. Asset quality improved, with gross NPA lowering 15 basis points sequentially to 1.43% and net NPA falling 5 basis points quarterly to 0.31% in Q4 FY24.

LTIMindtree: The IT services company reported a consolidated net profit of ₹1,100.7 Crore for the March FY24 quarter, down 5.9% from the previous quarter due to weak topline and operating metrics. Revenue from operations for the quarter was ₹8,893 Crore, down 1.4% sequentially, while revenue in dollar and constant currency terms declined 1.3% each quarter.

AU Small Finance Bank: The bank's net profit for the March FY24 quarter was ₹370.7 Crore, down 12.7% from the same period in the previous fiscal year, owing to a one-time extraordinary impact of ₹77 Crore on Fincare merger-related charges and greater provisions for bad loans. Net interest income increased by 10% year on year to ₹1,337 Crore for the quarter.

Dalmia Bharat: The company generated a consolidated net profit of ₹320 Crore for the quarter ended March FY24, a 47.4% decrease from the same period in the previous fiscal year, owing in part to dismal operating performance. Additionally, the base in Q4 FY23 was high due to the proportion of earnings in associate and joint ventures. Revenue from operations increased by 10% year on year to ₹4,307 Crore in the quarter, with volume growth of 18.5%.

Rail Vikas Nigam: The state-owned business was announced as the lowest bidder for Southern Railway's ₹239 Crore project. The business will install an automatic block signalling system at the Jolarpettai junction to degrade the Salem division junction on the Southern Railway.

Macrotech Developers: The real estate developer recorded a consolidated net profit of ₹665.5 Crore for the quarter ended March FY24, a 10.6% decrease from the previous year's period despite better topline and operating numbers, hurt by tax charges. Revenue from operations increased by 23.4% year on year to ₹4,018.5 Crore in the quarter.

Vodafone Idea: The equity shares issued in the follow-on public offering (FPO) will be available for trading in a continuous session beginning April 25. The telecom provider issued 1,636.36 Crore equity shares in the FPO, raising ₹18,000 Crore at ₹11 per share.

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