Top 10 stocks for today: 10th September 2023

10 Oct 2023 , 08:49 AM

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

1. Indian Oil Corporation: With effect from October 9, the state-owned oil retailer has hired Anuj Jain as Director (Finance). Jain has over 27 years of experience in the oil and gas industry’s finance, taxation, and commercial areas. Sanjay Kaushal is no longer the company’s CFO.
2. Punjab National Bank: With effect from October 9, the national government has named Bibhu Prasad Mahapatra as executive director on the board of Punjab National Bank. Mahapatra was the bank’s principal general manager.
3. Hindustan Zinc: The company obtained an order from the Assistant Commissioner, CGST, Udaipur, imposing a Rs 1.81 crore penalty for the period July 2017 to March 2018. The injunction was issued on the grounds that the corporation had improperly claimed an input tax credit.
4. Maruti Suzuki India: The customs department has issued a show cause notice to the corporation. The government has accused the company of avoiding Rs 16.27 lakh in customs tax by incorrectly claiming the basic customs duty reduction based on the ultimate use of the imported products.
5. Dr Reddy’s Laboratories: Dr. Reddy’s Laboratories, Inc., a subsidiary of the company, as well as numerous other pharmaceutical corporations, were named as defendants in a complaint filed on October 6 in the United States District Court for the Northern District of California.
6. Bharat Heavy Electricals: Bani Varma has been named director (industrial systems and products) of BHEL by the government, effective October 9. Prior to becoming director, she was in charge of BHEL’s transportation business section and the electronics division production facility in Bangalore.
7. Glenmark Life Sciences: For the fiscal year 2023-24, the pharmaceutical business declared an interim dividend of Rs 22.50 per share. The record date for calculating the list of shareholders entitled to the interim dividend will be October 17. The interim dividend is scheduled to be paid on October 23.
8. Tata Steel: Fitch Ratings has raised the steel company’s issuer rating to ‘BBB-‘ from ‘BB+’ with a stable outlook. The rating increase was sparked by the company’s efforts to turn around its UK business with investments and partial assistance from the UK government.
9. ITC Hotels: ITC Hotels has signed its first ‘Storii’ property in Kolkata, West Bengal. The project will be near the city and is expected to open in early 2024.
10. Mahindra & Mahindra: The International Finance Corporation has approved the first tranche of Rs 300 crore for the company’s branch that manufactures three-wheelers and small commercial vehicles in a variety of fuel alternatives, including electric.

For feedback and suggestions, write to us at [e-mail]