Here are the top 5 action stocks for the day

RailTel Corporation

RailTel Corp reported net profit of Rs 76 crore for the quarter ended March. Revenue during the quarter stood at Rs 703 crore.

PVR Inox

PVR Pictures renamed as PVR INOX Pictures after merger with Inox Leisure. The operator said that it has added 168 screens in FY’23 between PVR (97 screens) and INOX (71 screens) and 79 screens added in Q4 FY’23 between PVR (53 screens) and INOX (26 screens).

HDFC Bank

The Reserve Bank of India (RBI) has given its approval to SBI Funds Management to acquire up to 9.99% stake in HDFC Bank.

Vedant Fashions

Ravi Modi Family Trust, Promoter of Vedant Fashions plans to sell up to 7% stake in the company through an OFS. The floor price is set at Rs 1,161 per share.

REC Ltd

REC posts highest-ever quarterly net profit of Rs 3,065 crore in January-March quarter. The company had clocked a net profit of Rs 2,301.33 crore during the January-March quarter of FY 2021-22, the company said in a statement.

Source: Media reports