Top 10 stocks for today — 16th December 2022

16 Dec 2022 , 07:40 AM

The Singapore Exchange’s Nifty futures traded 65 points, or 0.35%, lower at 18,394.5, indicating that the stock markets may begin the day on a down note. The following ten stocks may show price movement in today’s market. To check more hot stocks, click at: https://www.indiainfoline.com/markets/hot-stocks

1. Hindustan Petroleum Corporation:

To finance its oil refining and fuel marketing operations, the government-run oil marketing company will raise Rs 10,000 crore in debt from domestic or international markets.

1. Wipro:

The IT business has partnered with fintech company Finastra on a multi-year digital transformation project for corporate banks in the Middle East.

1. Reliance Industries:

Reliance Retail has announced the introduction of its consumer packaged goods brand “Independence” in Gujarat.

1. Max Healthcare Institute:

The hospital chain said that its board has approved giving funds of up to Rs 300 crore to its wholly-owned entity Max Hospitals and Allied Services.

1. FSN E-Commerce Ventures:

According to information from the BSE, Kravis Investment Partners II sold 3.67 crore shares of the e-commerce beauty company Nykaa in five tranches for a total of Rs 629.06 crore at a price of Rs 171 per share.

1. Zee Entertainment Enterprises:

To recover unpaid debts of Rs 149.60 crore, the state-run lender, IDBI, has filed a petition with the National Company Law Tribunal against Zee Entertainment Enterprises.

1. Deepak Fertilisers & Petrochemicals Corporation:

In accordance with a corporate reorganization plan, the manufacturer of industrial chemicals and fertilisers will demerge its mining chemicals and fertiliser divisions.

1. SJVN:

SJVN Green Energy, a subsidiary of SJVN, and the Indian Renewable Energy Development Agency have agreed to a loan agreement for a total amount of Rs 4,444.71 crore to fund the former’s 1,000 MW solar power project in Bikaner, Rajasthan.

1. Kesoram Industries:

The business belonging to the BK Birla group has raised Rs 90 crore by issuing 90 lakh non-convertible preference shares to a shareholder who is also the promoter.

1. Petronet LNG:

The largest liquefied natural gas importer in India will invest Rs 2,306 crore in the construction of a floating LNG reception facility at the Gopalpur port in Odisha.

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