Top 10 stocks for today

29 Jun 2022 , 08:29 AM

Here are the major stocks with news in them and the potential to move the markets:

1. State Bank of India:

The largest lender in the nation has agreed to invest Rs4 crore in equity shares of NBFC account aggregator Perfios Account Aggregation Services Private Limited. RBI permission would be required for this investment. 9.54% of Perfios Account Aggregation Services will be owned by SBI.

1. Route Mobile:

The company announced that its board has authorized the proposal to repurchase up to Rs120 crore rupees worth of its equity shares at a price of up to Rs1,700 per share. With this, the highest number of shares that could be repurchased would be 7.05 lakh or 1.12% of the paid-up equity.

1. Jammu & Kashmir Bank:

The bank announced that its board has approved raising up to Rs500 crore in equity capital in one or more tranches, as well as another Rs1,500 crore through private placement of debentures.

1. Godawari Power & Ispat:

Alok Ferro Alloys (AFAL) equity shares totaling 37.79 lakh were purchased by the firm for a fair value equivalent to 78.96% of AFAL’s paid-up capital. AFAL exclusively has activities in Raipur, Chhattisgarh, and is involved in ferro alloys with captive power generation.

1. Acrysil:

At its Bhavnagar factory in Gujarat, the company has finished expanding its capacity to produce 1.6 lakh units of quartz kitchen sinks. As a result, the annual production of quartz kitchen sinks climbed from 8.4 lakh to 10 lakh units.

1. Tata Motors:

Yesterday Tata Motor announced that it may increase the price of its commercial vehicles by 1.5-2.5% from July 1.

1. Orient Bell:

Two projects with a capital of Rs20 crore were completed on schedule, according to the company’s announcement. The capacity of the GVT Tile facility in Sikandrabad, Uttar Pradesh, has risen by 0.7 million square meters (MSM) annually, while the Dora plant in Gujarat has been converted from ceramic to vitrified flooring, with an added volume potential of about 1.2 MSM annually.

1. Hazoor Multi Projects:

The business has been given a work order by Nagpur Mumbai Super Communication Expressway Ltd to carry out change-of-scope work in package-11’s Ahmednagar district on an EPC basis for a cost of Rs14.11 crore.

1. PTC India:

According to the provider of power trading solutions, it has finished providing advisory services to HPCL for the latter’s Visakh Refinery Modernization Project. Under the project, HPCL wants to increase refining capacity from 8.5 mmtpa to 15 mmtpa.

1. India Cement:

The cement company claimed to have finished buying out Springway Mining’s entire paid-up equity and preference share capital (SMPL). As of June 27, 2022, SMPL is a wholly-owned subsidiary of our business. In Madhya Pradesh, SMPL is currently building a cement mill.