TOP 5 STOCKS FOR THE DAY – 06TH FEBRUARY 2023

HERE ARE THE TOP 5 ACTION STOCKS FOR THE DAY

State Bank of India 

SBI reported 69% higher net profits at Rs14,205 crore for Q3FY23. This was led by 24% growth in NII to Rs38,069 crore and NIM expanding to 3.69%.

ITC Ltd 

ITC profits up 31% yoy to Rs5,031 crore, but revenues up just 2.3%. Cigarette business growth was strong but agri business fell 37%. EBITDA margins expanded by 620 bps.

Vodafone Idea Ltd 

Government approves conversion of Rs16,133 crore interest on deferment into 1,613 crore shares at Rs10 each. Government emerges largest shareholder at 33%.

One97 Communications (Paytm)

Paytm Q3FY23 net loss nearly halved to Rs392 crore while revenues grew 42% to Rs2,062 crore. Paid subscription devices increased from 2.0 million to 5.8 million yoy.

Interglobe Aviation Ltd 

Indigo Airways reported 11-fold increase in net profits for Q3FY23 at Rs1,423 crore on surge in revenge spending. EBITDA margins grew just 130 bps due to fuel cost pressure.