Top 10 stocks for today – 13th September 2023

13 Sep 2023 , 08:33 AM

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

1. Vedanta: Mining tycoon Anil Agarwal announced on Tuesday that Konkola Copper Mines, which recently reverted to his London-based company Vedanta Resources, could potentially be transferred to the group’s India-listed firm, Vedanta, provided the move is made at the appropriate valuation.
2. KEC International: The firm announced on Tuesday that it has secured new orders totaling Rs 1,012 crore, covering various segments of its business portfolio. The company’s civil business division has successfully secured contracts from new clients operating in the data center and FMCG sectors within India, as reported in a stock exchange filing.
3. Paytm: Paytm’s Chief Financial Officer has stated that the company currently does not foresee the necessity for additional funding in the near future. They express confidence in achieving sustainable free cash flow, indicating a positive outlook for the company’s financial position.
4. Coal India: Coal India Ltd has pledged to invest approximately Rs 24,750 crore in the coming years for the implementation of 61 first-mile connectivity (FMC) projects. This initiative aims to enhance eco-friendly coal transportation methods.
5. NTPC: The state-owned power company announced on Tuesday that it has successfully completed the trial operations of unit-1, which has an 800 MW capacity, as part of Stage-I (2 x 800 MW) of the Telangana Super Thermal Power Project. This development has increased the installed capacity of NTPC to 57,838 MW and the NTPC Group’s total capacity to 73,824 MW.
6. Future Retail: NCLT has granted an extension to the deadline for the completion of the insolvency resolution process of a financially troubled company. This extension, requested by the company’s Resolution Professional, sets a new deadline of September 15 and excludes a period of 29 days from the process.
7. Avenue Supermarts: The company inaugurated a new store in Perungudi, Tamil Nadu, on Tuesday. This addition brings the total number of stores to 334 as of the current date.
8. Infosys: The company has revealed a multi-year partnership with STARK Group, the largest retailer and distributor of building materials in Europe. As part of this collaboration, Infosys and STARK Group will jointly establish a cutting-edge data center in Denmark. This data center is intended to deliver seamless services to STARK Group’s offices throughout Europe.:
9. GE Power: The company announced on Tuesday that it has received a purchase order from Vedanta Ltd. The order is related to NOX (Nitrogen Oxide) Reduction at Vedanta’s Lanjigarh Combined Gas Power Plant (CGPP) unit, which has a total capacity of 3 x 30 MW.
10. RITES Ltd.: On Tuesday, the company announced the signing of a MoU with Caminho De Ferro De Moçâmedes (CFM) Angola to collaborate on the development of railways and related infrastructure, which includes the supply of rolling stock. Under this MoU, RITES and CFM Angola will work together on various aspects, including the provision of rolling stock and railway infrastructure projects, among others.