Top 10 stocks for today – 12th December 2023

12 Dec 2023 , 08:41 AM

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

Infosys: The country’s second-largest IT services firm said that its board of directors has nominated Jayesh Sanghrajka as chief financial officer and senior management staff, effective April 1, 2024. Nilanjan Roy, the company’s chief financial officer and senior management people, has resigned.

Rail Vikas Nigam: The RVNL-URC joint venture was the lowest bidder (L1) for the Indore metro rail project’s portion design and construction of an elevated viaduct, five elevated metro rail stations, and a ramp between chainages. The project is valued at Rs. 543 crore. RVNL holds 51% stake in the joint venture, while URC controls the other 49%.

Bharat Petroleum Corporation: The state-owned oil marketing company will begin trading ex-dividend on December 12. The business has declared a Rs. 21 interim dividend per share.

Wipro: The IT services provider stated that it assisted Marelli Electronic Systems, a mobility technology supplier to the car industry, in developing a viable Cabin Digital Twin product. This solution allows original equipment manufacturers (OEMs) to swiftly bring connected car services to market.

Mahindra & Mahindra: The automaker has announced that overall output will be 69,875 units in November 2023, up 13.4% from the previous year. Total sales increased by 24.6% year-on-year to 68,760 units, but exports decreased by 41.8% to 1,816 units during the same time.

SpiceJet: The company’s board of directors meeting on December 11 could only partially complete the agenda items, so the meeting has been rescheduled for December 12 to consider earnings for the second quarter ended September 2023 and options for raising fresh capital through the preferential issue of equity shares and/or convertible securities.

Mankind Pharma: According to insiders, the firm is expected to witness a change of ownership of up to 7.9% stock via a block sale. The entire block transaction size is expected to be about Rs 5,649 crore, including the Rs 4,935 crore base size.

Dixon Technologies: Padget Electronics, the company’s fully owned subsidiary, has been awarded a manufacturing contract by Lenovo for the production of IT hardware items, such as laptops and notebooks, under the Production Linked Incentive 2.0 Scheme (PLI). This is subject to the execution of a binding agreement in due course.

DLF: According to insiders, the firm is expected to witness a change of ownership of up to 7.9% stock via a block sale. The entire block transaction size is expected to be about Rs 5,649 crore, including the Rs 4,935 crore base size.

Sejal Glass: On December 12-13, Chandrakant Vallabhaji Gogri, a member of the promoter group, would sell 11.15 lakh equity shares of the firm through an offer-for-sale issue. Non-retail investors can engage in the offer on December 12, and retail investors can participate on December 13. The offer’s floor price would be Rs. 225 per equity share.

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