Here are the top 5 action stocks for the day

Hindalco Industries

Hindalco Industries posted 48% fall in its standalone net profit at Rs 832 crore for the quarter ended March. Revenue from operations during the quarter increased 5% to Rs 19,995 crore.

Trident

Trident has posted net profit of Rs 130 crore, while revenue from operations came in at Rs 1,573 crore. The textile company has registered a 28.4% year-on-year decline in profit at Rs 129.74 crore for quarter ended March FY23.

Somany Ceramics

Somany Ceramics board has approved appointment of Amit Sahai, as Chief Executive Officer-tile business with effect from May 23. The board also approved the issuance of redeemable non-convertible debentures/bonds/other similar instruments up to Rs 50 crore.

Reliance Industries

Reliance Industries' Jio Mart lays off over 1,000 employees in its B2B unit.

Brigade Enterprises

Brigade Enterprises has posted net profit of Rs 69 crore in the three months ended March period. Revenue from operations during the quarter came in at Rs 842 crore.

Source: Media reports