Top 10 stocks for today – 4th October 2023

4 Oct 2023 , 07:56 AM

Here are some of the stocks that may see significant price movement today.

Maruti Suzuki: The Income Tax authorities issued Maruti Suzuki a draft assessment order for FY 2019-20 totaling Rs 2,159 crore. The corporation will present its concerns to the Dispute Resolution Panel. This draft Assessment Order has no effect on the company’s financial, operational, or other activities.

Adani Enterprises: Green Vitality RSC, a wholly owned subsidiary of Abu Dhabi’s International Holding Company (IHC), purchased 6.43 lakh shares in Adani Enterprises on October 3 in open market transactions, representing 0.06% of paid-up equity. As a result, IHC’s stake in the company has risen from 4.98% to 5.04%.

HDFC Bank: According to reports, Arvind Kapil, the Group Head of HDFC Bank, will now oversee the mortgage business, while Arvind Vohra has been promoted to Group Head of retail assets. Parag Rao, Group Head, will also be in charge of marketing and the liability product group, while Smita Bhagat and Sampath Kumar will be the new retail branch banking heads.

APL Apollo Tyres: The structural steel tube company recorded a sales volume of 6,74,761 tonnes in Q2FY24, up 12% from the previous year. This is the company’s biggest quarterly sales volume reported. The company reported a sales volume of 13,36,262 tonnes for H1FY24, a 30% increase year on year.

Rail Vikas Nigam: RVNL was the lowest bidder for the improvement of distribution infrastructure in Himachal Pradesh’s north zone under the Revamped Reforms-based and Results-linked Distribution Sector Scheme (loss reduction works).

Life Insurance Corporation of India: The Income Tax Authority has issued an order requesting a penalty of Rs 84.02 crore from the Life Insurance Company. Notices for the assessment years 2012-13, 2018-19, and 2019-20 have been received by the Corporation.

Hero MotoCorp: On October 15, the world’s largest two-wheeler manufacturer will begin sales of its first co-developed premium motorcycle, the Harley-Davidson X440. Since September 1, it has been organizing test rides for pre-booked passengers, and the new booking window will open on October 16.

Bajaj Finserv: The Directorate General of GST Intelligence, Pune, has issued a show cause cum demand notice to Bajaj Allianz General Insurance business (BAGIC), an unlisted major subsidiary of the business, citing a tax demand of Rs 1,010 crore.

Vedanta: Total aluminum production was 594 kt for the quarter ending September FY24, a 2% increase, however, mined metal production was down 1% to 252 kt YoY. Overall power sales increased by 12% to 4,048 million units.

Pidilite Industries: Pidilite MEA Chemicals LLC and Corporacion Empresarial Grupo Puma SL of Spain have formed a joint venture firm in the UAE called PidilitePuma MEA Chemicals LLC. The joint venture company will continue to manufacture building chemicals.

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