Top 10 Stocks To Buy For Today (07-05-24); Wipro, Godrej Consumer Products, Britannia Industries, Gujarat Gas, Lupin, HCLTech

Gujarat Gas Stock: In its Q4 results it reported 85.9 per cent year-on-year growth in standalone net profit to Rs 409.5 crore with a 5.2 per cent increase in revenue to Rs 4,134 crore for the March quarter.

Written by: Anirudha Yerunkar Edited by: Anirudha Yerunkar

Published: May 7, 2024, 8:36 AM IST

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Stocks market update

Stock markets started the Monday’s trading session with a surge but both the indices faced selling pressure and closed with different trends.

The Nifty index closed with a marginal dip of 33 points at 22,442.65 while the Sensex gained marginally and closed after gaining 17 points at 73,895.

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

1. Godrej Consumer Products Stock: Company reported a consolidated net loss of Rs 1,893 crore for the quarter ended in March. Its quarterly revenue increased 5.8 per cent to Rs 3,386 crore.
2. 40 firms Q4 Results: More than 40 companies are scheduled to report their financial results for the January-March period on May 7, including Dr Reddy’s, Pidilite, IGL, Voltas, UBL, Latent View, SRF, KEC International IDFC Ltd, Chambal Fertilisers & Chemicals, and Sonata Software.
3. Britannia Industries Stock: expects “double-digit growth” in volumes after the 2024 general elections and the monsoon season with a “manageable inflation”, its Vice Chairman and Managing Director Varun Berry told investors on a post-earnings conference call. 
4. Gujarat Gas Stock: In its Q4 results it reported 85.9 per cent year-on-year growth in standalone net profit to Rs 409.5 crore with a 5.2 per cent increase in revenue to Rs 4,134 crore for the March quarter. Its margin improved by 410 basis points to 14.3 per cent. 
5. Suven Life Sciences Stock: Company reported a net loss of Rs 26.5 crore for the quarter ended March 2024 as against a net loss of Rs 27.6 crore a year ago.
6. VST Zetor Stock: A JV of VST Tillers Tractors and HTC Investments, launched three tractors, in the 41-50 HP range, in the domestic market. 
7. Lupin Stock: Company reported 52 per cent growth in net profit to Rs 359 crore with a 12 per cent increase in revenue to Rs 4,961 for the March quarter. 
8. Wipro Stock: IT company signed an agreement with Microsoft for GenAI products.
9. HCLTech & OFSS shares are all set to trade ex-dividend on Tuesday. 
10. Route Mobile Stock: Company reported a 17 per cent sequential fall in net profit to Rs 88 crore for the March quarter.

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