Top 10 stocks for today – 12th April 2024

12 Apr 2024 , 08:05 AM

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

Tata Consultancy Services: On April 12, the country’s largest IT services provider will announce its quarterly and annual financial reports. In addition, Anand Rathi Wealth will report its quarterly profits on the same day.

Phoenix Mills: The firm reported overall consumption of ₹2,818 Crore for the quarter ended March FY24, up 27% year on year, while gross retail revenues climbed 37% YoY to ₹791 Crore during the same period. In FY24, overall consumption increased by 22% to ₹11,327 Crore, while gross retail receipts increased by 27% to ₹2,743 Crore over the previous year.

Dr Reddy’s Laboratories: The pharmaceutical company has introduced the drug-free, non-invasive migraine management wearable gadget Nerivio in Germany via its step-down subsidiary betapharm. The US Food and Drug Administration (USFDA) has authorised Nerivio, and it is CE-mark certified in Europe. Last year, the business signed an exclusive partnership with Theranica for the marketing and distribution of Nerivio in several regions.

Bandhan Bank: The lender’s board of directors has approved the hiring of Satish Kumar as head of wholesale banking, effective April 10. Kumar worked as the national head of credit (midmarkets) at Kotak Mahindra Bank for more than 15 years before joining Bandhan.

Wipro: Malay Joshi has been appointed Chief Executive Officer of Americas 1 strategic market unit, effective April 10. Prior to this, Malay served as senior vice president and business unit leader.

Larsen & Toubro: The infrastructure giant has sold its full 51% share in L&T Infrastructure Development Projects to Epic Concesiones. As a result, L&T IDPL and its subsidiaries are no longer considered subsidiaries of the corporation. L&T Infrastructure Development Projects is a joint venture between Larsen & Toubro and the Canada Pension Plan Investment Board.

Landmark Cars: The vehicle retailer has established a wholly owned subsidiary firm, Landmark Premium Cars (LPCPL), to handle sales, after-sales, and related activities.

Uno Minda: The automotive solutions and systems supplier has acquired a significant land block of 94.32 acres in IMT Kharkhoda, Haryana HSIIDC, for current and future development. Of them, 25 acres have been set aside for a greenfield alloy wheel mill with a capacity of 120,000 wheels per month. The factory, which would cost ₹542 Crore, will be built in stages over the following five years, with phase one scheduled to open in Q2 FY26.

Protean eGov Technologies: The Massachusetts Institute of Technology Basic Retirement Plan purchased 5 lakh equity shares (1.23% of total paid-up equity) at an average price of ₹1,144.93 per share through open market transactions. The IIFL Special Opportunities Fund Series 5 offloaded 537,210 equity shares at an average rate of ₹1,130.63 each, while the 360 ONE Special Opportunities Fund Series 4 disposed of 1,235,169 shares at an average price of ₹1,116.78 per share, and the 360 ONE Special Opportunities Fund Series 5 sold 376,462 shares at an average price of ₹1,115.18 per share.

PVR Inox: The premier multiplex network has inaugurated nine screens at Forum Mall in Kochi, Kerala, and a 14-screen megaplex at Phoenix Mall of Asia in Bengaluru. With these additions, the firm now boasts the largest multiplex network, with 1,727 screens spread over 360 locations in 113 cities (India and Sri Lanka).

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