Top 10 stocks- 8th December 2023

8 Dec 2023 , 09:26 AM

 

1. Maruti Suzuki: The largest car manufacturer in the country has received an order to annul a previous show-cause notice from the Gujarat Goods and Services Tax (GST) Authority. The earlier notice, issued on September 29, demanded Rs 1.79 crore for the period from July 2017 to March 2018, citing the reconciliation of tax returns filed by the company.
2. Shriram Finance: The company has finalized a master agreement for co-lending loans to micro, small, and medium enterprises (MSMEs) borrowers through the co-lending scheme, utilizing back-to-back assignments of loans and loan portfolios in tranches with the Small Industries Development Bank of India (SIDBI).
3. Zomato: Reports suggest that Japan’s Softbank is considering a block deal to sell approximately $135 million worth of stake in the food delivery company Zomato.
4. IDFC First Bank: On Thursday, the US-based private equity firm Warburg Pincus divested a portion of its stake in IDFC First Bank through block deals.
5. Five-Star Business Finance: Matrix Partners is reportedly planning to sell a 5.87% stake in Five-Star Business Finance through block deals.
6. Sterlite Technologies: On December 7, the digital solutions company announced that it has commenced arbitration proceedings against Aksentt Tech Services regarding an outstanding and overdue amount of ₹254 crore.
7. IRCON: IRCON International Ltd’s offer for sale (OFS) has received an enthusiastic response from non-retail investors, with a subscription rate of 4.63 times the base size, as announced by the government on Thursday, December 7.
8. Titagarh Rail: Titagarh Rail has initiated a Qualified Institutional Placement (QIP) to raise up to ₹700 crore, with a floor price set at ₹976 per share. Indicative issue pricing stands at Rs 933 per share, according to sources.
9. TVS Electronics: The TVS Group company has secured an order amounting to Rs 35.58 crore from the office of the Commissioner of Customs (Audit), Chennai. This order encompasses a differential duty of Rs 10.02 crore and fines and penalties imposed on the company, its Customs House Agent, Company Secretary, and other officials.
10. Container Corporation of India: CONCOR and NTPC Vidyut Vyapar Nigam (NVVN) have entered into an agreement to establish PV solar renewable energy projects within CONCOR terminals.