Top 10 stocks for today – 3rd October 2024

3 Oct 2024 , 09:07 AM

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

Suzlon Energy: The National Stock Exchange (NSE) and BSE Ltd have issued an advising cum warning letter to the company for non-compliance with the Securities and Exchange Board of India’s (SEBI) Listing Obligations and Disclosure Requirements (LODR). These warnings reflect the company’s handling of information relating to Independent Director Marc Desaedeleer’s resignation.

Aurobindo Pharma: The business stated that it has got final approval from the United States Food and Drug Administration (USFDA) to manufacture and distribute Cephalexin Tablets USP in 250 mg and 500 mg dosages. The tablets have been granted Competitive Generic Therapy (CGT) classification, which entitles them to 180 days of shared generic medication exclusivity.

Coal India: The corporation recorded a dip in production for the month of September, marking the second consecutive month of loss as monsoon rains continued to have an impact on output. September production declined 1% from the previous year to 50.9 million tonnes, down from 51.4 million tonnes in September 2017.

NMDC: The business recorded a 13.8% rise in iron ore sales in September 2024. Sales for the month totalled 3.54 million tonnes (MT), up from 3.11 MT in the same period previous year, indicating robust market demand and operational efficiency. Production numbers also revealed a modest rise, with NMDC producing 3.04 MT of iron ore in September 2024 versus 3.00 MT in September 2023.

Dabur India: The company forecasted a “mid-single-digit decline” in consolidated revenue for the quarter ending September 2024. In its quarterly update, the company stated that, while there were evidence of improved demand patterns over the period, consumer offtake was negatively impacted by “heavy rain and floods” in various sections of the country.

JSW Cement: JSW Group has invested ₹461 Crore to increase capacity at its Vijayanagar plant in Karnataka to two million tonnes per annum (MTPA). This extension increased the plant’s total capacity to 6 MTPA, bringing JSW Cement’s total grinding capacity to 20.6 MTPA.

Mankind Pharma: The company has secured regulatory clearances for the acquisition of Bharat Serums and Vaccines, including approval from India’s Competition Commission. In July 2024, the company, Bharat Serums and Vaccines, the sellers (Ansamira and Miransa—affiliates of Advent International funds), and certain minority shareholders (Bhaskar Iyer and Abhijit Mukherjee) signed a Share Purchase Agreement to acquire a 100% stake in Bharat Serums and Vaccines.

Ashoka Buildcon: The infrastructure company has obtained a letter of award from MMRDA for a ₹474.10 Crore project that includes the design and construction of an elevated road from Kalyan Murbad Road to Badlapur Road to the Pune Link Road. Furthermore, it has received two further letters of award for contracts totalling ₹1,264 Crore.

Eicher Motors: Royal Enfield sales grew 11% year on year to 86,978 units, above analysts’ expectations, compared to 78,580 units sold in September of last year. Exports in September increased by 77% to 7,652 units, up from 4,319 units in the same month last year.

Hero MotoCorp: The two-wheeler manufacturer has declared sales of 6.37 lakh units in September 2024, exceeding analysts’ expectations and up 18.7% from 5.36 lakh units sold in the same month previous year. Domestic sales rose by 18.6% year-on-year to 6.16 lakh units, while exports surged by 21.7% to 20,344 units during the month.

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