Top 10 Stocks To Buy For Today (23-04-24); HDFC Bank, Reliance,Tata Consumer, M&M Finance & MCX, Know Best Shares Bets

HDFC Bank Stock: Japan’s Mitsubishi UFJ Financial will invest in the lender’s financial services arm HDB Financial Services.

Gift Nifty futures traded higher by 0.16 per cent or 36.8 points at 22,395, indicating positive opening for the markets in Tuesday’s session.

On 22nd April, the NSE Nifty 50 increased by 0.86 percent and closed at 22,336.40, while the S&P BSE Sensex ended 0.77 percent higher at 73,648.62.

Stocks to be in focus today, according to Experts and Zee Business

1. Earnings today: Tata Consumer Products (TCPL), Tata Electricity, MCX, Nelco and Cyient DLM will announce their March quarter results today.
2. Reliance Industries Stock: The stalwart in India’s business declared its Q4 results for the quarter ending March 2024, will keep the stock in focus today.
3. Vodafone Idea Stock: The company’s Rs 18,000 crore FPO received a good response from investors as the issue was subscribed 7 times.
4. Indus Towers Stock: CLSA has upgraded the stock rating to ‘Buy’ and the target price has also been raised to Rs 450 from Rs 335 earlier.
5. FMCG stocks: The food regulator to collect samples and perform testing of companies’ engagement in making baby food for additional sugar & salt content.
6. Tejas Networks Stock: The company reported March quarter ending profit at Rs147 crore as compared to loss of Rs 11 crore. EBITA profit at the company was at Rs 307 crore as compared to the loss of Rs 9 crore.
7. M&M Finance Stock: The company’s Q4 results are postponed as a fraud amounting to Rs 150 crore has been reported at the company’s branch based out of North East.
8. Rallis India Stock: The agrochemical company’s Q4 delivered EBITDA profit against loss in the Q4 period. Company’s overall loss also reduced and revenue at the company registered a decline of 16.6 percent on year.
9. HDFC Bank Stock: Japan’s Mitsubishi UFJ Financial will invest in the lender’s financial services arm HDB Financial Services.
10. Inox Wind Stock: The company’s board meeting is scheduled for April 25 to decide on the issuance of bonus equity shares.
11. Patel Engineering Stock: The company’s QIP was opened on April 22 with an issue price pegged at Rs 59.5 per share. The company will decide on the issue price in the meeting scheduled on April 25.
12. Indraprastha Medical Stock: Quant Mutual Fund bought 5.5 lakh or 0.6 per cent shares at Rs 249.59 per share.