Here are the top 5 action stocks for the day

BPCL

BPCL posted 168% growth in its consolidated net profit at Rs 6,780 crore for the three months ended March. Revenue from operations during the reporting quarter rose 8% to Rs 1.33 lakh crore.

Gland Pharma

Foreign investor Morgan Stanley has sold about 0.58% stake in Gland Pharma through open market transactions on Monday.

ITI

ITI has secured an advance purchase order worth Rs 3,889 crore from BSNL for its 4G rollout.

Shree Cement

Shree Cement has recorded a 15.3% yoy decline in standalone profit at Rs 546.2 crore for March FY23 quarter, impacted by sharp increase in power and fuel cost. 

Torrent Power

The Board of Directors of Torrent Power will meet on May 29 to consider raising of funds via issuance of non-convertible debentures up to Rs 3,000 crore through private placement basis. The board will also consider financial results for the quarter and year ended March 2023, and recommendation of final dividend, if any, for FY23.

Source: Media reports