As the financial landscape is constantly shifting, shrewd investors are constantly seeking methods to boost their profits. The following list of the Top 10 stocks to buy today now was compiled after thorough consideration of growth potential, historical performance, and industry prospects. These stocks appear to be successful additions to your investment portfolio; they were offered by todaysheadline.news.
The Nifty 50 closed at 22,620.40 on April 2024 after closing at 22,570.35 the day before. It closed the session at 22,419.95, down 150 points, or 0.67 percent, from its closing the day before, having peaked at 22,620.40.
Check stocks will be the main focus today, experts and Zee Business say.
- Results on April 29: UltraTech Cement, Birlasoft, Trent, Can Fin Homes, and Tata Chemicals will announce their Q4 results today.
- Maruti Suzuki Stock: The company reported Q4 results with a 47.8 percent rise in net profit for the March quarter of FY24 to Rs 3,877.8 crore. The net profit was Rs 2,623.6 crore in the year-ago period, Maruti Suzuki India said in a regulatory filing.
- SBI Life Stock: The insurance company reported a consolidated net profit of Rs 810.8 crore for the January-March period as compared to Rs 776.85 crore year-on-year (YoY).
- Britannia Stock: The company will announce its Q4 results on May 3, 2024.
- Force Motors Stock: The company’s consolidated net profit for the fourth quarter was at Rs 140.29 crore as compared to Rs 146.62 crore YoY, down 4.3 percent.
- HCL Tech Stock: The company reported its Q4 results on Friday with a consolidated net profit of Rs 3,986 crore for the quarter that ended March 31, which is a decline of 8.4 percent as compared to the previous three months.
- ICICI Bank Stock: ICICI Bank reported its March 2024 quarter consolidated net grew 18.5 percent to Rs 11,672 crore. It had reported a net profit of Rs 9,853 crore in the year-ago period.
- RBL Bank Stock: The lender on Saturday reported a 30 percent rise in the post-tax net profit for the March quarter at Rs 353 crore, driven by non-interest income. Its core net interest income grew 18 percent to Rs 1,600 crore on a 20 percent loan growth.
- SBI Card Stock: SBI Card on Friday reported an 11 percent rise in profit after tax to Rs 662 crore for the quarter that ended March 2024. SBI Cards and Payment Services Ltd (SBI Card) had a profit of Rs 596 crore in the fourth quarter of the 2022 23 fiscal.
- IDFC First Bank Stock: The lender reported a 9.8 percent decline in profit while NII rose 24.2 percent, for the March 2024 quarter (Q4 FY24), Loan growth stood at 25.1 percent while deposit growth came in at 38.7 percent.
A long-term outlook, diligent work, and extensive research are necessary when investing in equities. Before making any investment decisions, investors should carefully consider their own financial goals, risk tolerance, and market conditions. Even though the Top 10 stocks to buy today include IDFC First Bank, Tata Chemicals, Maruti Suzuki, ICICI Bank, Britannia, HCL Tech, and SBI Card, they may offer promising opportunities. Investors can manage the constantly shifting stock market landscape and create a robust investment portfolio by diversifying their holdings across multiple industries and closely observing market movements. Never forget to conduct a thorough study on your own or seek advice from a financial professional before purchasing any stocks.
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