Top 3 Stocks that will See Action Tomorrow May 11, 2023

Godrej Consumer Products, Hero MotoCorp and Cera Sanitaryware Limited to be in focus tomorrow.      

Today, the frontline BSE index saw strong action, where the BSE Sensex gained 0.29 % or 178.87 points over its previous close of 61,761.33. The NSE Nifty 50 closed at 18,315.10, gaining 0.27% or 49.15 points. While a great recovery was seen on Dalal Street today, here are the top three stocks which can see action on Thursday.     

Godrej Consumer Products Limited: The company reported a 10% YoY growth in consolidated sales of Rs 3,172 crore for Q4FY23, driven by volume growth of 6% and constant currency growth of 14%. The India business sales grew by 12% YoY led by volume growth of 11%, while Indonesia sales grew by 8% in INR and 5% in constant currency terms. Personal care and home care categories reported double-digit growth, while the Africa, USA and Middle East cluster delivered high single-digit sales growth. 

Hero MotoCorp Limited: The company’s electric mobility brand, VIDA, has set a new Guinness World Records title for the greatest distance covered on an electric scooter in 24 hours. The VIDA V1 ran non-stop for 24 hours, achieving a distance of 1,780 km, beating the existing record by nearly 350 km. The VIDA V1’s performance and endurance have established it as a robust product that can perform in any environment, as VIDA plans to increase its presence to 100 cities within the calendar year 2023.     

Cera Sanitaryware Limited: The board of company has recommended a dividend of Rs 50/- (1000%) per fully paid-up equity share of Rs. 5/- for the year ended 31.03.2023. The company has also announced a capital expenditure of Rs. 29 crore towards automation and balancing equipment of sanitaryware and faucetware plants, IT updation, staff quarters, CERA Style Studio and other routine Capex.   

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations.