Top 10 stocks for today – 10th January 2024

10 Jan 2024 , 08:14 AM

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

SpiceJet: According to sources, the Carlyle Aviation president recently met with SpiceJet CMD Ajay Singh ahead of the company’s annual general meeting. Carlyle Aviation reviewed the potential and plans for SpiceJet and SpiceXpress. Carlyle Aviation presently owns a 7% stake in SpiceJet.

Delta Corp: The company’s Q3 net profit fell 59.34% from the previous year to Rs 34.48 crore. Its revenue dropped 15.58%, to Rs 231.74 crore. The company’s strong business divisions in casino and internet gambling have seen a significant decrease in income.

Mahindra & Mahindra: The business is expanding its work with Mobileye to create advanced driving technologies. The businesses will collaborate to create a fully automated driving system.

Lupin: Following USFDA clearance, the business announced the introduction of Bromfenac Ophthalmic Solution (0.07%) in the United States. The solution is used to treat postoperative inflammation and relieve ocular discomfort in people who have had cataract surgery.

Karnataka Bank: The bank established a collaboration with fintech firm Digivriddhi (DGV) to provide a range of financial services to dairy producers and milk societies. The cooperation would provide institutional financing and facilitate digitised payment throughout the dairy value chain.

Zee Entertainment: Societe Generale, a European financial services corporation, has net sold 78,36,744 equity shares in the media and entertainment company through open market transactions at an average price of Rs 259.1 per share, totaling Rs 203.05 crore.

KIOCL: The business has temporarily suspended operations at the Pellet Plant Unit in Mangalore owing to a lack of iron-ore fines. The business stated that it will notify the exchanges when the facility will be back in operation.

Ramkrishna Forgings: Ramkrishna Forgings will replace Tata Coffee in the BSE 500, BSE 250 Smallcap, and BSE 400 MidSmallcap indexes beginning January 15, when Tata Coffee merges with Tata Consumer Products. Meanwhile, Tata Coffee will be removed from the BSE AllCap, FMCG, MidSmallcap, and Smallcap indexes effective the same day.

Shyam Metalics and Energy: The business raised Rs 1,385 crore through the Qualified Institutional Placement (QIP) against a total offer amount of Rs 4,055 crore, or 3.5 times the capital obtained. The QIP Committee authorised issuing 24,051,165 equity shares having a face value of Rs 10 apiece to 38 QIBs at an issue price of Rs 576 per share.

Steel Strip Wheels: The business stated that it purchased AMW Autocomponent for Rs 138.5 crore. The business invested Rs 5 crore in AMW Autocomponent and provided an intercorporate loan of Rs 133.15 crore.

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