Top 10 stocks for today — 2nd December 2022

2 Dec 2022 , 07:38 AM

Indicating that the stock markets may have a bad start on Friday, Nifty futures on the Singapore Exchange traded 46.5 points, or 0.25%, lower at 18,929. 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. One 97 Communications:

According to company founder and CEO Vijay Shekhar Sharma, the digital financial services company anticipates that its blended net payment margin would stabilize at 5 to 7 basis points as a result of a rise in the share of UPI in the payment industry.

1. Kotak Mahindra Bank:

On a private placement basis, the private sector lender has distributed 15,000 long-term, fully paid up, non-convertible bonds with a face value of  Rs 10 lakh each. The tenor is 7 years from the date of allocation, and the coupon rate is 7.63% annually.

1. Wipro:

Linecraft.ai, a Pune-based industrial Internet of Things (IoT) product start-up in the manufacturing sector, has announced that it has reached a formal deal to be acquired by Wipro Infrastructure Engineering’s industrial automation business.

1. Phoenix Mills:

With an expenditure of Rs 800 crore, the owner and developer of retail centres across the nation inaugurated a new mall in Indore.

1. Yes Bank:

The Reserve Bank of India has given The Carlyle Group and Advent permission to own up to 9.99% of the private sector lender.

1. NMDC:

The government requested early bids for the sale of the Nagarnar Steel Plant, owned by NMDC. The deadline for NMDC Steel Ltd. proposal submissions is January 27, 2023.

1. Bandhan Bank:

Through an open market transaction, Plutus Wealth Management purchased 90 lakh shares of the private lender for Rs 212.08 crore at an average price of Rs 235.65 per share. according to the NSE’s bulk transaction statistics.

1. Max Healthcare:

The healthcare chain disclosed that it has reached an agreement with Evex Facilities, Georgia’s largest healthcare system, to launch a bone marrow transplant program at two of its hospitals in Tbilisi.

1. Bank of India:

The bank has raised Rs 1500 crore through Basel-compliant Additional Tier 1 (AT-1) bonds. The bond issue had a 12x increase in demand, and the annual coupon rate is 8.57%.

1. Punjab National Bank:

The public sector lender obtained Rs 4,000 crore through the private issuance of bonds with an annual rate of 7.89%. 18 investors received bonds from the bank.

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