Top 10 stocks to watch today

10 Jun 2022 , 07:38 AM

Here are some stocks that will be in focus today.

1)      Bajaj Auto
In a BSE statement, the two-wheeler maker stated that its Board of Directors will examine a proposal for the buyback of fully paid-up equity shares of the firm on June 14. This appears to be the company's first buyback announcement since 2000.

2)      Dr Reddy's Laboratories
Olema Pharmaceuticals, Inc inked an exclusive Collaboration and License Agreement with Dr Reddy's subsidiary Aurigene Discovery Technologies. Olema will pay an upfront licensing fee of $8 million for rights to an existing Aurigene program. Aurigene will be eligible for royalties ranging from the mid-single digits to the low double digits based on yearly net sales, as well as up to $60 million in potential clinical research and regulatory milestones and up to $370 million in potential commercial milestones.

3)      PNB Housing Finance
The stock was one of the top gainers yesterday. The PNB board has approved an infusion of Rs500 crore into the PNB housing rights issue.

4)      Kiri Industries
On June 7, LGOF Global Opportunities sold 6,901 equity shares in the company on the open market. As a result, its stake in the company has been lowered to 5.999%, down from 6.012% previously.

5)      Oil India
Over the past 1 year, the stock has gained a whopping 114% with an 8% growth recorded yesterday on BSE. Similar action may be seen today as well.

6)      Reliance Industries
According to a Bloomberg report, the consortium has made a binding offer for Walgreens Boots Alliance Inc.’s international drugstore arm. The offer is also backed by committed financing and has determined the value of the business at $6.3 billion.

7)      IIFL Finance
An Abu Dhabi-based sovereign wealth fund, Abu Dhabi Investment Authority (ADIA) is all set to acquire a 20% stake in IIFL housing finance. IIFL housing finance is a completely owned subsidiary of IIFL finance.

8)      MRPL
The stock has been consistently rising over the past few trading sessions as refining margins continue to rise. The stock has grown 50% in the last 5 days and 170% in the past 3 months.

9)      Oriental Aromatics
Oriental Aromatics & Sons, a subsidiary of the business, has acquired environmental approval for its proposed greenfield project in Mahad, Maharashtra, to manufacture specialty chemicals and chemical intermediates.
 
10)  TRF
After an investment of Rs165 crore in the company by Tata Steel. The share hit the upper circuit yesterday. Some of the positive sentiment is bound to continue today as well.