Top 10 stocks for today – 11th December 2023

11 Dec 2023 , 08:32 AM

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

Adani Energy Solutions: Bimal Dayal, the CEO of Adani Energy Solutions’ transmission division, has been named Chief Executive Officer (CEO) of Adani Infrastructure India. Bimal Dayal will be in charge of overseeing the massive pipeline of infrastructure projects in thermal, renewable energy, and green hydrogen.

Zomato: SVF Growth (Singapore) Pte Ltd, a venture capital firm backed by Japan’s Softbank, has exited the food delivery business through open market transactions by selling the remaining 9.35 crore equity shares. These shares were sold for an average of Rs 120.5 each, for a total of Rs 1,127.5 crore. Earlier, it sold 9.35 crore shares on October 20th, at an average price of Rs 111.2 per share.

Tata Motors: The country’s leading commercial vehicle manufacturer announced a 3% price hike on its commercial vehicles beginning in January 2024. The price increase is intended to counteract the residual impact of previous input increases and will apply to the complete range of commercial vehicles.

Mahindra Logistics: Goldman Sachs Funds sold 5.92 lakh shares, or 0.8%, in the logistics firm through an open market transaction at an average price of Rs 376.19 per share.

Blue Dart Express: The logistics firm said that its board of directors authorized the purchase of two leased aircraft for Rs 40 crore by Blue Dart Aviation, a wholly owned subsidiary of the corporation, from DHL Aviation (Netherlands) B.V., another subsidiary company. Blue Dart Aviation presently operates these two aircraft on a lease basis.

Wipro: Stephanie Trautman, the company’s Chief Growth Officer, has resigned. Trautman’s 

employment with the corporation will be terminated on January 31, 2024.

TVS Motor Company: The two-and-three-wheeler manufacturer established a partnership with TVS Racing, India’s first factory racing team, and Alpinestars, a well-known brand of riding clothes and equipment. The collaboration seeks to improve the entire riding experience for clients.

SpiceJet: The board of directors of the low-cost airline company will meet on December 11 to discuss the unaudited standalone and consolidated financial results for the second quarter ended September 2023, as well as options for raising fresh capital through the preferential issue of equity shares and/or convertible securities.

Shoppers Stop: Shoppers Stop has joined The Good Glamm Group to develop MyGlamm POUT, a beauty line. The MyGlamm POUT will be sold only at Shoppers Stop retail locations. Furthermore, the two groups are in discussions of expanding their relationship across other aspects of their respective businesses.

The Indian Renewable Energy Development Agency: The IREDA has established a retail section. This strategic plan aims to increase the emphasis on providing loans to borrowers in the PM-KUSUM programme, rooftop solar, and other B2C industries.

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