Top 5 Stocks For The Day – 02nd February 2023

Top 5 Stocks For The Day – 02nd February 2023

Adani Enterprises Ltd 

The company decided to call off its FPO due to the price volatility, despite the FPO getting fully subscribed at the close of subscription on 31st January 2023.

Britannia Industries Ltd 

Britannia reported 156% higher net profits at Rs932 crore. Despite exceptional gains of Rs359 crore, operating performance was robust. Revenues were up 17.4%.

Lakshmi Machine Works Ltd 

LMW reported 76% higher net profits for Q3FY23 at Rs113 crore. Revenues for the quarter were up 34% at Rs1,222 crore.

Biocon Ltd 

Biocon offloaded 9.96% stake in Syngene, reducing its stake to 54.6%. Nearly 40% of the quantity offloaded was absorbed by Government of Singapore.

Coal India Ltd 

Coal India announced production of 71.9 million tonnes of coal for the month of January 2023, up 11.5% on a yoy basis. The offtake was up 6.1% yoy at 64.5 million tonnes.