Top 10 stocks for today – 30th September 2024

30 Sep 2024 , 09:10 AM

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

Welspun Enterprises: The Brihanmumbai Municipal Corporation (BMC) has declared the company as the low-bidder for a ₹1,989.9 Crore project. The project calls for the design and construction of an 8.48-kilometer tertiary processed water conveyance tunnel from the Dharavi WWTF to the Ghatkopar WWTF, which will take 93 months to complete.

IDFC First Bank: The board has authorised the merger of IDFC Financial Holding Company with IDFC, effective September 30, and IDFC with IDFC First Bank, starting October 1. Furthermore, the board chose V Vaidyanathan as the bank’s MD and CEO for three years, beginning December 19, 2024.

Dr Reddy’s Laboratories: The pharmaceutical business has invested $620 million in the preference shares of its Swiss subsidiary, Dr Reddy’s Laboratories SA. The subsidiary has allocated the business 6.2 million non-convertible preference shares, each with a nominal value of $100.

Zomato: Akriti Chopra, Zomato’s co-founder and Chief People Officer, has left with immediate effect following a 13-year term with the food delivery startup.

Punjab National Bank: The state-run lender has raised ₹5,000 Crore through Qualified Institutional Placement (QIP). It has authorised the allotment of 48.19 Crore shares to qualified institutional buyers at ₹103.75 per share, including Citigroup Global Markets Mauritius – ODI, BOFA Securities Europe SA – ODI, SBI Contra Fund, Morgan Stanley Asia (Singapore), and Goldman Sachs.

ICICI Prudential Life Insurance: The corporation received an order from the Assistant Commissioner of Income Tax, Mumbai, requesting ₹361.23 Crore in tax and interest for the Assessment Year 2022-23. The corporation intends to submit an appeal against the order with the Commissioner.

BSE: Effective October 1, the exchange reduced its transaction charges for Sensex and Bankex Options (for all expiries) to ₹3,250 per Crore of premium turnover value. However, the transaction charges for other contracts in the equity derivatives segment would remain unchanged.

Apollo Hospitals: Apollo Healthco’s board has authorised the allotment of ₹2,475 Crore worth of compulsorily convertible non-cumulative participation preference shares (CCPS – Class A and B) with a face value of ₹100 per share to Rasmeli, an Advent subsidiary, for a 16.9% interest. Following the assignment, Apollo Hospitals’ stake in its subsidiary, Apollo Healthco, will fall from 94.91% to 78.879%.

Bharat Electronics: The Ministry of Corporate Affairs (MCA) has approved the formation of BEL IAI AeroSystems, a joint venture between Bharat Electronics and Israel Aerospace Industries in Israel.

Adani Enterprises: April Moon Retail, an Adani Airport Holdings joint venture, has signed a Share Purchase Agreement with Cococart Ventures (CVPL) and its existing shareholders, Karan and Arjun Ahuja, to acquire a 74% shareholding in CVPL for ₹200 Crore. Adani Airport Holdings is a subsidiary of Adani Enterprise.

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