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Top 5 stocks to watch today

May 11, 2023

By: BlinkX Research Team

Here are the top 5 action stocks for the day

Dr Reddy's Laboratories 

The pharma major has posted an 11-fold year-on-year increase in profit at Rs 959 crore for the March FY23 quarter as profit in Q4FY22 was impacted by the impairment of non-current assets, but supported by healthy operating performance.

HDFC

The company has received final approval from the SEBI for a change in control of HDFC Asset Management Company, investment manager of HDFC AMC AIF II on account of the proposed composite scheme of amalgamation for the amalgamation of HDFC Investments and HDFC Holdings with HDFC, and HDFC with HDFC Bank.

RattanIndia Enterprises

The company has received board approval for raising of funds up to Rs 1,000 crore through the issue of securities, either by way of qualified institutions placement (QIP) or any other permissible mode of fundraising.

Gujarat Gas

The leading city gas distribution company has reported a half-a percent sequential decline in profit at Rs 369.22 crore for the quarter ended March FY23, impacted by weak operating performance.

Procter & Gamble Hygiene & Health Care

The FMCG company has registered a 60.44% year-on-year growth in profit at Rs 165.02 crore for quarter ended March FY23, driven by tax write-back and higher other income.

Source: Media reports