TOP 5 STOCKS OF THE DAY

TOP 5 STOCKS OF THE DAY

1️⃣ Indian Overseas Bank | 12%
CARE Ratings has assigned a fresh rating of CARE A1 + (A One Plus) to the bank's proposed certificate of deposits of ₹10,000 crores. It maintained its ratings for IOB's two Tier II bond facilities, with the outlook being stable.

2️⃣ GMM Pfaudler Ltd. | 10%
GMM Pfaudler reported a 23.40% increase in revenue, reaching ₹912.27 crores in Q1, compared to ₹739.24 crores YoY. The net profit increased by 48.8% to reach ₹54.27 crores in Q1, up from a net profit of ₹36.47 crores QoQ.

3️⃣ Kalyan Jewellers India Ltd | 8%
Kalyan Jewellers reported a 31.2% increase in revenue, reaching ₹4375.7 crores in Q1, compared to ₹3,332.6 crores YoY. The net profit increased by 33.2% to reach ₹143.5 crores in Q1, up from a net profit of ₹107.7 crores YoY.

4️⃣ Shyam Metalics and Energy Ltd | 6%
Shyam Metalics Spone Iron sales jumped by 37.2% (MoM) to 55,701 million tonnes (MT) in July 2023, up from 40,599 MT in June 2023. The average realisations, however, were down 4.9% MoM.

5️⃣ Samvardhana Motherson International Ltd | 6%
The company reported a 27% YoY increase in revenue, reaching ₹22,462.20 crores in Q1. The net profit increased by 326% to reach ₹601 crores in Q1, up from a net profit of ₹141 crores YoY.

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