Top 10 stocks for today - 11th October 2022

11 Oct 2022 , 08:16 AM

The Singapore Exchange’s Nifty futures traded 43.5 points, or 0.25%, lower at 17,184.5, indicating that the stock markets may have a bad start to the day on Tuesday. The following 10 stocks may show price movement in today’s market. To check more hot stocks, click at: https://www.indiainfoline.com/markets/hot-stocks

1. Axis bank:

According to GVK Power & Infrastructure, Axis Bank’s petition for an insolvency action against its subsidiary GVK Power has been accepted by the National Company Law Tribunal (NCLT) Hyderabad bench (Goindwal Sahib).

1. TCS:

The largest exporter of IT services recorded an 8.4% increase in net profit for the September quarter at Rs10,431 crore, but margins were hurt. Revenues increased by 18% to Rs55,309 crore in the reporting quarter from Rs46,867 crore in the same quarter last year.

1. Bajaj Auto:

According to the two-wheeler manufacturer, its share repurchase programme resulted in the purchase of nearly 64 lakh shares from public shareholders for a total of Rs2,499.97 crore.

1. Adani Ports & SEZ:

According to the port operator company, it has received approval from NCLT Ahmedabad and NCLT Hyderabad for using a composite scheme of arrangement to buy the remaining 58.1% interest in Gangavaram Port (GPL).

1. Infosys:

At its meeting on October 13, 2022, the board of the firm will discuss a proposal for the buyback of fully paid-up equity shares of the company.

1. Adani Green Energy:

According to Inox Wind, its subsidiary Inox Green Energy has sold to the Adani company its full stock investment in three special purpose vehicles.

1. AU Small Finance Bank:

R V Verma, a former leader of the National Housing Bank (NHB), was reappointed by the private lender as its non-executive chairman.

1. India Cements:

India Cements said that it has reached an agreement to sell JSW Cement its whole stake in Springway Mining Private Limited (SMPL) for a total sum of Rs476.87 crore.

1. IDBI Bank:

The LIC and government-owned lender announced a partnership with Vay Network Services as its fintech partner to offer MSMEs funding for their digital supply chains.

1. Panacea Biotec:

The pharmaceutical company announced that UNICEF and the Pan American Health Organization have placed a long-term supply order for its pentavalent vaccine Easyfive-TT worth $127.3 million (Rs1,040 crore).

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