Top 10 stocks for today – 12th September 2024

12 Sep 2024 , 10:49 AM

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

Tata Steel: The business obtained an agreement with the UK government on the previously agreed-upon £500 million grant for its green steel project in Port Talbot. The £1.25 billion project is set to be operational within three years and promises to save 5,000 jobs.

Hindustan Petroleum Corporation: The corporation approved a ₹2,212 Crore infrastructure investment and nominated a new CFO during its most recent board meeting. The investment will go towards the Visakh Raipur pipeline project, which includes a pipeline from Visakhapatnam to Raipur and a new depot in Kantabanji.

Bharat Petroleum Corporation: The Supreme Council for Financial and Economic Affairs (SCFEA) in Abu Dhabi granted a production concession to the company’s unit and the Indian Oil Corporation. This comes after Urja Bharat Pte Limited (UBPL) received an exploration and production concession in March 2019 and successfully completed the exploratory phase.

Adani Ports: The business will create a multipurpose dock at Gujarat’s Kandla Port after signing a concession agreement with the DPA. The new berth, which would handle multi-purpose cargo, is anticipated to open in fiscal year 27.

Route Mobile: Proximus Opal will sell up to 38 lakh shares (6.03% equity) of the firm through an offer for sale (OFS) on September 12 and 13. The floor price for the OFS is ₹1,635 per share. The offer will be available to non-retail investors on September 12 and retail investors on September 13. Proximus Opal is among the company’s promoters.

Vedanta: Vedanta has secured $900 million with a US dollar bond offering to prepay current debt. The bond, with a coupon rate of 10.875%, was substantially oversubscribed.

Nazara Technologies: For $2.2 million, Nazara Technologies acquired a 15.86% investment in Stan, a blockchain-based e-sports firm. Stan specialises in mobile-first fan engagement and digital collectibles.

NBCC: NBCC has partnered with MTNL to construct a 13.88-acre land piece in New Delhi. The project’s worth is ₹1,600 Crore.

Arvind Fashions: Goldman Sachs invested ₹75 Crore in Arvind Fashions by acquiring over 13 lakh shares in a block sale.

Auto Stocks: The Union Cabinet has authorised two key schemes, PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) and PM-eBus Sewa-Payment Security Mechanism (PSM), which would focus on auto producers. These ₹14,335 Crore projects aim to increase the usage of electric vehicles (EVs), such as buses, ambulances, and trucks.

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