Top 10 Stocks To Buy For Today (02-05-24); Tata Motors, Godrej, Wipro, RVNL, IndiaMART, Ambuja Cement, Kotak Mahindra Bank

Wipro Stock: The IT services received a multi-million dollar deal from Nokia for digital workplace services transformation.

Stocks To Buy Today

On 30th April, The 30-share BSE Sensex declined 188.50 points or 0.25 per cent to settle at 74,482.78. During the day, it had jumped 440.11 points or 0.58 per cent to 75,111.39.

On 30th April, The NSE Nifty declined 38.55 points or 0.17 per cent to end at 22,604.85. In the late afternoon trade, the benchmark hit its all-time peak of 22,783.35, up 139.95 points or 0.61 per cent.

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

Q4 Results on May 2: Coal India, Adani Ports, Adani Enterprises,& Special Economic Zone, Coforge, Dabur India, and Federal Bank will announce their Q4 results.

  1. Auto stocks: Auto stocks for companies Tata Motors, Maruti Suzuki and others will be in the focus today as companies have released their sales numbers.
  2. Coal India stock: The company’s April Production increased 7.3 per cent at 61.8 mt against 57.6 mt a year ago.
  3. IndiGo/SpiceJet/Jet Airways stock: As air turbine fuel (ATF) prices hiked marginally, Airline stocks will be in focus today.
  4. Mishra Dhatu Nigam stock: The company got orders worth Rs 139 crore taking the total order book to Rs 1,830 crore.
  5. Godrej Group stocks: The group has been split between two branches of the founding family, with Adi Godrej (82) and his brother Nadir (73) on one side and their cousins Jamshyd Godrej (75) and Smita Godrej Crishna (74) on the other, according to a statement issued by the group.
  6. Havells stocks: The company showed good performance in Q4 results. Revenues at the company increased by 12 per cent, while profit rose by 25 per cent on year. 
  7. Indus Towers Stock: The company reported Q4 results. Margins at the company increased to 57 percent for the period under review as against 50.3 per cent in the corresponding period last year and Profit also increased to 20.3 per cent.
  8. IndiaMART InterMESH Stock: The company reported mixed Q4 for the quarter with revenue and profit both edging higher for the quarter ended in March, nevertheless, margins lowered to 24.1 percent as compared to 25.3 per cent in the same period last year.
  9. Ambuja Cement Stock: The cement manufacturer reported q4 results, wherein margins at the company declined to 16.7 per cent as compared to  18.5 per cent in the previous year.
  10. Kotak Mahindra Bank Stock/ Federal Bank: Krishnan Venkat Subramanian resigned from the position of Joint MD  from Kotak Mahindra Bank and may join Federal Bank, as per reports.
  11. MOIL Limited Stock: The industrial minerals company in a filing informed that in line with the business practice of fixing/revising prices of Manganese Ore and other products, the company has fixed/revised prices of different grades of manganese ore and other products, effective from May 1, 2024. 
  12. Wipro Stock: The IT services received a multi-million dollar deal from Nokia for digital workplace services transformation. 
  13. Rail Vikas Nigam Limited Stock: The railways company has been declared as the lowest bidder for a Rs 391 crore project of the Eastern Railway.
  14. Mishra Dhatu Nigam Stock: The company has bagged an order worth Rs 139 crore. With this, open order book of MIDHANI as on date is around Rs 1830 crore, said the company’s filing with the exchanges. 

(With inputs from agencies.)

(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice.)



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