Top stocks for today - 12th November 2024

12 Nov 2024 , 08:14 AM

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

ONGC: In the second quarter of FY25, the company’s net profit increased by 34% to ₹11,984 Crore from the previous quarter. This increase in profit was driven by greater operational efficiency and margins, with the company’s EBITDA margin increasing to 50.3% from 48.1% in the prior quarter. The PSU oil giant’s revenue for Q2 was ₹33,881 Crore, down 4% from ₹35,266 Crore in the previous quarter.

Hindalco: Aditya Birla Group’s metal flagship firm announced a 123.3% year-on-year (YoY) increase in net profit of ₹1,891 Crore for the second quarter that ended on September 30, 2024, led by excellent operational performance in India, favourable macroeconomic, and disciplined cost management. In the previous fiscal quarter, Hindalco Industries had a net profit of ₹847 Crore.

NMDC: The state-owned corporation recorded an 18.1% year-on-year (YoY) increase in net profit of ₹1,211.6 Crore for the second quarter ending September 30, 2024. In the preceding fiscal quarter, NMDC reported a net profit of ₹1,026 Crore, according to a regulatory filing. The company’s operations revenue increased by 22.5% to ₹4,919 Crore, up from ₹4,014 Crore in the previous fiscal year.

Britannia Industries: Bakery giant reported a 9.4% year-on-year (YoY) decline in net profit at ₹531.6 Crore for the second quarter ending September 30, 2024. In the preceding fiscal quarter, Britannia Industries reported a net profit of ₹586.5 Crore, according to a regulatory filing. 

Shree Cement: The Bangur family-promoted company reported an 81% year-on-year (YoY) fall in net profit to ₹93.1 Crore for the second quarter ending September 30, 2024. Shree Cement’s net profit in the preceding fiscal quarter was ₹491.3 Crore. 

Jubilant FoodWorks: The company recorded a 2.8% like-for-like revenue rise for the quarter, principally driven by a 11.4% increase in the shipping segment. The group’s system-wide sales reached ₹2,271.9 Crore, thanks to a network expansion of 3,130 outlets, including 73 new locations per quarter. The overall revenue from operations increased by 43% to ₹1,954.7 Crore from ₹1,368.6 Crore in the same quarter last year. 

Ramco Cements: The Tamil Nadu-based company reported a 74.7% year-on-year (YoY) decline in net profit to ₹25.6 Crore for the second quarter ending September 30, 2024. In the preceding fiscal quarter, Ramco Cements reported a net profit of ₹101.3 Crore, according to a regulatory filing.

Indian Oil Corporation: The company reported a fire at a 1000-kilolitre Benzene Storage Tank at Gujarat Refinery, with the oil firm still investigating the cause of the event. Despite the fire, the company’s refinery activities continued as usual. It further stated that the refinery’s emergency response team was actively addressing the situation, with firefighting operations already beginning.

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