Top 10 stocks for today – 7th October 2024

7 Oct 2024 , 09:15 AM

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

Titan: The company’s jewellery domestic operations increased by over 25% year-on-year, driven by a large increase in consumer demand momentum following the reduction in customs duty on gold imports. The non-solitaire studded category grew by strong double digits, while the solitaire segment declined because of pricing uncertainty and demand-supply dynamics. Domestic sales of watches and wearables increased 19% over the previous year.

IndusInd Bank: The company said that its net advances rose 13% year-on-year and 3% sequentially to ₹3.56 Lakh Crore. Deposits increased 15% from previous year and 4% from June to ₹4.12 Lakh Crore. CASA ratio has dropped to 35.9%, down from 39.4% last year and 36.7% previous quarter.

HDFC Bank: The stock has dropped for five days in a row and is on the verge of giving up all of its gains since September 11.

Federal Bank: The bank’s total deposits increased 15.6% year-on-year and 1.1% sequentially to ₹2.69 Lakh Crore. Advances increased by 19.3% from last year and 4.3% from the June quarter to ₹2.33 Lakh Crore. CASA ratio has risen to 30%, up from 31.17% last year and 29.27% in June.

Godrej Properties: The company’s bookings, collections, operating cash flow, and new business growth were all at an all-time high in the second quarter and first half. The booking value increased by 3% to ₹5,200 Crore with the sale of 5.1 million square feet. The H1 booking value increased by 89% from last year to ₹13,800 Crore. It has met 51% of its annual booking value target for fiscal year 2025.

Macrotech Developers: Despite Shradh , the company’s quarterly pre-sales reached a record high of ₹4,290 Crore, representing a 21% year-on-year increase. Pre-sales totalled over ₹8,300 Crore in the first half of the current fiscal year, on track to meet the full-year pre-sales growth objective of 20%. Collections increased by 11% from the previous year to ₹3,070 Crore. Added four projects in Pune and Bengaluru, with a gross development value of ₹5,500 Crore. Net debt is at ₹4,920 Crore.

Adani Wilmar: The edible oil industry continued its strong pace, with double-digit year-on-year volume growth. The revenue of the food and FMCG segment increased by 36%. The overall revenue increased by 26%, excluding the G2G business. The South Zone market share has risen to 5.5%, with one metro accounting for over 23%. Branded sales of pulses, besan, soya nuggets, sugar, poha, and soap increased by double digits year-on-year. Edible oil volume increased by 15%. Food and FMCG volumes are up 31%.

Metropolis: The company’s revenue for the quarter increased by 13% year-on-year. B2C revenue is up 20% over the previous year. The company is currently debt-free and has cash reserves of ₹180 Crore.

RBL Bank: The bank said its total deposits increased 20% year-on-year and 7% sequentially to ₹1.08 Lakh Crore. Advances increased 15% from previous year and 2% from June to ₹89,786 Crore. The liquidity coverage ratio has risen to 129% from 137% in June and 142% last year.

GAIL: The company stated that it has signed a Memorandum of Understanding with AM Green to co-develop renewable energy projects of up to 2.5 GW and green chemical projects. The alliance focuses on long-term carbon dioxide supply for eMethanol production, as well as the exploration of hybrid renewable energy projects throughout India.

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