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Top 3 Stocks that will see Action Tomorrow

08 May 20232 mins read by Angel One
CG Power & Industrial Solutions, Canara Bank & Lakshmi Electrical Control Systems are likely to be in action on May 09, 2023.
Top 3 Stocks that will see Action Tomorrow
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Today, the frontline BSE index saw massive action, where the BSE Sensex gained 1.16 % or 709.96 points over its previous close of 61,054.29. The NSE Nifty 50 closed at 18,264.40, gaining 1.08 % or 195.40 points. While a strong bull run rally was seen on Dalal street today, here are top three stocks which can see action on Tuesday.

CG Power & Industrial Solutions Limited

The company today declared its annual and Q4FY23 results, it has posted a brilliant set of numbers. The quarterly revenue of the company grew by 28.18 % on a YoY basis while QoQ basis it grew by 7.17 %. The PAT of the company grew by a whopping 142.53 % on YoY basis while on QoQ basis, it grew by 13.17 %.

Canara Bank

Canara Bank also delivered its quarterly and annual results today. For the first time the company has posted 5-digit net profit of Rs 10,604 crore for FY23. The quarterly revenue of the company stood at Rs 31,774.04 crore which grew by 33.34 % on a YoY basis while on QoQ basis, the revenue grew by 7.73 %. The quarterly PAT of the company grew by 64.18 % on a YoY basis, while on a QoQ basis it grew by 10 %. The annual operating profit of the company saw 16.94 % growth and board of the company has also declared Rs 12 per equity share.

Lakshmi Electrical Control Systems

Lakshmi Electrical Control Systems today, made a fresh 52 week high, gaining about 5 % in today’s trade. Technically fresh 52-week highs are seen as a very strong move and this also comes with an expected-up move. In the last one month, the stock of the company has given more than 25 % returns.

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