Top 10 stocks for today – 14th October 2024

14 Oct 2024 , 09:11 AM

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

Reliance Industries: It plans to release its second-quarter results on Monday, October 14, after market hours. The record date for the bonus share issue will also be closely watched.

Hindustan Aeronautics: The Department of Public Enterprises reported that Finance Minister Nirmala Sitharaman has authorised Hindustan Aeronautics’ upgrade to the 14th Maharatna Central Public Sector Enterprise (CPSE).

Indo Count Industries: Indo Count Global, Inc, the company’s subsidiary, has purchased a 100% ownership in Modern Home Textiles, Inc for $11.7 million through a stock purchase agreement with Modern Home’s stockholders. The deal will be finalised by October 31.

Ashoka Buildcon: The Maharashtra State Road Development Corporation has issued the construction engineering company a letter of approval for projects worth ₹2,000 Crore. The projects include the construction of significant bridges across Jaigad Creek between Tawsal and Jaigad, Kundalika Creek between Revdanda and Salav, and Bankot Creek between Kolmandla (District Raigad) and Veshvi on the Revas Reddi Coastal Highway in Ratnagiri, Maharashtra.

Indoco Remedies: The US FDA examined the inspection categorisation of the company’s Goa facility as official action indicated (OAI). In July 2024, the US health regulator inspected the facilities at Goa Plant-II and III, L-32, 33, and 34.

IL & FS Transportation Network: The company has signed a Share Purchase Agreement with Axis Trustee Services (as trustee for Roadstar Infra Investment Trust) to sell 24.35 Crore equity shares of its subsidiary, Barwa Adda Motorway. It has also consented to assign its receivables of ₹1,302.93 Crore due by Barwa Adda Motorway to the Trust by signing a Deed of Assignment with Axis Trustee Services (as trustees) and Roadstar Investment Managers (as the Trust’s Investment Manager).

Sudarshan Chemical Industries: The Board will meet on October 16 to discuss obtaining money by the issuance of equity shares through qualified institutional placements (QIP), preferential issues, rights issues, private placements, bonds, debentures, or any other means.

Valore Estate: The Municipal Corporation of Greater Mumbai (MCGM) has issued the company a letter of acceptance for the building, completion, and handover of approximately 13,374 affordable housing tenements under the Project-Affected Persons (PAP) Scheme on the company’s land in Malad East, Mumbai.

JSW Energy: The company’s subsidiary, JSW Energy PSP Two, has inked an Energy Storage Facility Agreement (ESFA) with Maharashtra State Electricity Distribution Company (MSEDCL) to purchase 1,500 MW / 12,000 MWh of pumped hydro energy storage. The ESFA provides for the supply of energy storage capacity for 40 years, during which time the company will earn a set capacity charge of ₹84.66 lakh per MW per year.

PNC Infratech: The City & Industrial Development Corporation of Maharashtra (CIDCO) has issued the construction engineering company a Letter of Acceptance for a ₹2,039.6 Crore project. The NAINA project includes the integrated infrastructure development of highways 20 meters wide and higher, the construction of different major and small structures (flyovers, minor bridges, VUPS, PUPS, and so on), and related electrical works (street lighting) in TPS – 8, 9, and 12.

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