Top 10 stocks for today

25 Aug 2022 , 07:51 AM

The Singapore Exchange’s Nifty futures traded 53 points, or 0.30%, higher at 17,750, indicating that the stock market may have a good start to the day today. The following 10 stocks may see movement in their prices today:

1. Tata Power:

To restructure its debt, the utility division of the Tata Group raised $320 million using Sustainability Linked Loans (SLL).

1. Wipro:

Wagner Jesus has been named the managing director and country leader for operations in Brazil by the domestic IT company. Three years ago, Wagner joined Wipro and assumed control of the non-financial business sector.

1. Adani Green Energy:

The debt-to-equity ratio of Gautam Adani’s renewable energy company has risen to the second-highest level in Asia, prompting concerns about whether his aggressive expansion plans have placed his companies under too much debt. Only China’s Datang Huayin Electric Power, with a ratio of 2,452%, has a higher debt-to-equity ratio than it has, at 2,021%.

1. Lupin:

The formoterol fumarate inhalation solution, used to treat the signs and symptoms of chronic obstructive pulmonary disease, has been approved by the USFDA, according to the company. It is a substitute for Perforomist Inhalation Solution from Mylan Specialty.

1. Mahindra Logistics:

The third and final unit of the logistics solution provider’s warehousing facilities will be built in Luhari in the Delhi-NCR region, while two more will be added in Bhiwandi and Nashik in the current fiscal quarter.

1. TVS Motors Company:

The two-wheeler company said that it will pay Rs85 crore to purchase a 48% share in Narain Karthikeyan’s used two-wheeler startup, “DriveX.”

1. NHPC:

A Memorandum of Understanding (MoU) for the development of ultra-mega renewable energy power parks in Rajasthan has been signed by the Government of Rajasthan and the electric utility’s subsidiary NHPC Renewable Energy (NHPC REL). The agreement aims to establish 10 GW of ultra-mega renewable energy power parks.

1. PSP Projects:

Contracts from the precast and government sectors totaling Rs247.35 crore have been awarded to the civil construction company. This brings the total amount of orders received for the current fiscal year 2022—2023 to Rs1,344.24 crore.

1. Vikas Lifecare:

The trading and distribution company issued 10,41,66,666 equity shares to qualified institutional purchasers in order to raise Rs50 crore through a qualified institutional placement (QIP).

1. Parag Milk Foods:

Through preferential allotment from renowned investors and promoters, the dairy products player was able to raise a total of Rs131 crore. In light of the potential growth strategy, the company reported that investors have put up Rs113 crore and promoters roughly Rs18.75 crore.