Top 10 stocks for today – 11th January 2024

11 Jan 2024 , 08:35 AM

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

Mahindra & Mahindra: The business and Mahindra Susten will lower their stakes in Sustainable Energy Infra Trust to 10.5% and 15%, respectively, through a main offering and an offer-for-sale. In the pre-offer, the business and Mahindra Susten (a Mahindra Holdings subsidiary) own 15.7% and 73.9% stake in Sustainable Energy Infra Trust, respectively.

Angel One: The brokerage company’s board of directors will meet on 15 January to examine a proposal to raise cash through the issuing of non-convertible securities in private placement. Furthermore, on the same date, the board will review unaudited financial statements for the quarter and nine months ending December 2023.

CESC: The Uttar Pradesh Electricity Regulatory Commission (UPERC) has approved the power purchase agreement for the procurement of 95 MW of RTC electricity every year for a five-year term. UPERC is not affiliated with the promoter/promoter group/group firms or a linked party.

Satin Creditcare Network: The microfinance company said that the Board of Directors would meet on 15 January to discuss the plan to raise capital through a public offering of non-convertible debentures. The fundraising will be done within the borrowing restrictions allowed by the shareholders, in one or more series/tranches.

Safari Industries: According to the corporation, the board of directors will meet on January 15 to discuss raising cash by issuing securities to one or more individuals on a preferential basis. The board will also seek member approval for the fund-raising activities.

Atul: Atul Products has started operations on a 300 tpd caustic and 50 MW power plant at the Atul facility. The approved investment for these operations is Rs 1,035 crore.

Metro Brands: Deepika Deepti has resigned as Senior Vice President, Marketing, of the company with effect from March 26 due to personal reasons. She was part of the senior management of the company. Meanwhile, Alisha Malik, the president who previously handled the marketing function, will oversee it on an interim basis until a successor is appointed.

Nuvama Wealth Management: Nuvama Asset Management, Nuvama Wealth Management’s alternative-focused asset management arm, and global commercial real estate services business Cushman & Wakefield Management (NCW) have formed a joint venture company with equal participation. NCW intends to form its first real estate fund, the Premier Offices Fund (PRIME), to generate Rs 3,000 crore to invest in premier commercial offices in India’s high-growth cities.

Bank of India: The public sector lender’s overall business increased by 9.9% year-on-year to Rs 12.76 lakh crore in the quarter ended December FY24, with deposits climbing 8.66% to Rs 7.10 lakh crore and gross advances reaching 11.49% to Rs 5.66 lakh crore. Domestically, total deposits climbed by 7.62% to Rs 5.99 lakh crore in the third quarter of FY24, while advances increased by 11.60% to Rs 4.76 lakh crore compared to the previous year.

HG Infra Engineering: Neeraj Kumar Bansal has been named President of Railways and Metro, effective February 28. He has been classified as a senior management employee of the organization.

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