Top 10 stocks for today - 13th December 2023

13 Dec 2023 , 08:55 AM

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

Wipro: The technology consulting and services firm has signed a new arrangement with RSA, one of the world’s biggest general insurance firms. Wipro will assist RSA expedite its cloud migration and establish a compliant, secure, and scalable IT infrastructure. The three-year agreement expands on Wipro and RSA’s previous collaboration, which began in 2016.

Indian Bank: On December 12, the public sector lender launched its qualified institution placement (QIP) offer. The floor price per share has been set at Rs 414.44. The bank’s Committee of Directors (Capital Raising) will meet on December 15 to discuss the issue price of equity shares to be allotted under the proposed QIP of equity shares.

Cummins India: Cummins India created DATUM (data automated teller ultimate machine) in conjunction with Repos Energy. DATUM is a diesel-specific smart fuel management system. Cummins will sell and distribute the DATUM product line in India through its extensive distribution network.

Axis Bank: Private equity firm Bain Capital is planning to sell a further stake in the private sector lender in a $444 million block sale. Entities affiliated with Bain Capital are attempting to sell a 1.1% interest in Axis Bank in a block sale, with an offer floor price of Rs 1,109 per share.

Force Motors: The board of directors has approved the acquisition of 12.21% stake of TP Surya, a wholly owned subsidiary of Tata Power Renewable Energy. The firm is partnering with Tata Power Renewable Energy as part of the Maharashtra Group’s captive agreement for green energy under open access.

Mankind Pharma: Beige, a subsidiary of Chrys Capital, sold 1.79 crore equity shares in the pharma firm in open market transactions. These shares were valued at Rs 3,282 crore. Hema CIPEF (I) sold 56,26,167 shares at an average price of Rs 1,832.8 per share, while Cairnhill CIPEF sold 69,62,233 shares at an average price of Rs 1,832.3 per share, and Kotak Funds India Midcap Fund purchased 20,29,246 shares at a price of Rs 1,832.30 per share.

Zee Entertainment Enterprises: Plutus Wealth Management LLP purchased 90 lakh equity shares, representing 0.93% of the company’s paid-up share capital, at a price of Rs 292.34 per share.

Equitas Small Finance Bank:  Ashwini Biswal has been named as the small finance bank’s Chief Compliance Officer for a five-year term beginning January 28, 2024. Srinivasan Krishnamurthy Purohit, who will be moved to a new post within the bank once his current tenure as Chief Compliance Officer expires on January 27, 2024, will be succeeded by Ashwini Biswal.

Laurus Labs: The US Food and Drug Administration (USFDA) has issued five Form 483 observations for Laurus Synthesis (LSPL), a fully owned subsidiary of Laurus Labs, at its production site in Visakhapatnam, Andhra Pradesh. The USFDA examination took place from December 4 to December 12, 2023. The firm will respond to the observations within the timeframes specified.

Shilpa Medicare: Shilpa Medicare’s Unit VI in Bengaluru, Karnataka, has acquired TGA permission to manufacture, label, package, and test medical oral mouth dissolving films (wafers). This department produces and tests oral mouth dissolving films and transdermal patches.

CIE Automotive India: Hari Krishnan has resigned as the company’s Chief Executive Officer (CEO) of the forgings and bill forging divisions, effective March 31, 2024. Sunil Narke has been named Chief Executive Officer of the Forgings Division, effective April 1, 2024.

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