Top 10 stocks for today - 16th January 2023

16 Jan 2024 , 08:52 AM

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

Jio Financial Services: Jio Financial reported a consolidated profit of Rs 293.82 crore for the quarter ended December FY24, compared to Rs 668.2 crore the previous quarter. Total revenue from operations was Rs 413.6 crore vs Rs 608 crore during the same period, while the business had no dividend income in Q3FY24 compared to Rs 216.85 crore in Q2FY24.

Rail Vikas Nigam: RVNL is the lowest bidder (L1) for the supply, installation, testing, and commissioning of 11 KV line-related works in Jabalpur city, Jabalpur (O&M), Dindori, Mandla, Katni, Seoni, Chhindwara, Narsinghpur, Balaghat, Shahdol, Anuppur, and Umariya circles of MPPKVVCL, Jabalpur company area. The contract was given by M. P. Madhya Kshetra Vidyut Vitaran Company for a 24-month period.

Zomato: Motilal Oswal Mutual Fund sold 4.5 crore equity shares in the food delivery business through open market transactions, accounting for 0.51% of total paid-up equity. These shares were sold for an average of Rs 138.15 per share. As of December 2023, Motilal Oswal Flexi Cap Fund owned 15.94 crore shares in Zomato, representing a 1.83% position.

Patanjali Foods: During the quarter ending December FY24, edible oil prices in India remained constant, despite the downward pressure seen in the first half of the fiscal year. Price volatility was low, domestic demand was strong, and there was little difference between futures and actual market prices, allowing for improved performance. In Q3 FY24, the company’s value increased over Q2 due to incremental growth, and the EBITDA margin was in line with business forecasts.

Aster DM Healthcare: Affinity Holdings and Alpha GCC Holdings want to finalise the stake sale in the GCC (Gulf Co-Operation Council) company soon. Earlier, Dubai-based Aster DM Healthcare agreed to sell its GCC operations to Alpha GCC Holdings for $1.01 billion.

Usha Martin: Usha Siam Steel Industries Public Company (USSIPCL), the company’s Thai affiliate, has agreed to buy 50% of the share capital of Tesac Usha Wirerope Company (TUWCL), the company’s step-down joint venture, from Kobelco Wire Company. The transaction cost is Baht 74.45 million.

PNC Infratech: PNC Infratech and its subsidiary PNC Infra Holdings have entered into definitive agreements with Highways Infrastructure Trust (HIT), an Infrastructure Investment Trust (InvIT), to sell 12 road properties in Uttar Pradesh, Madhya Pradesh, Karnataka, and Rajasthan. The transaction has an enterprise value of Rs 9,005.7 crore, including earn-outs.

Route Mobile: The company’s board of directors has agreed to grant a corporate guarantee in favour of lenders ICICI Bank and ICICI Bank (UK) Plc for a $31.50 million term loan facility sought by the company’s subsidiary Route Mobile (UK).

NLC India: Prasanna Kumar Acharya began serving as the company’s Director (Finance) on January 15. In December last year, the Central government confirmed Prasanna Kumar Acharya’s nomination as the company’s Director (Finance) for a five-year term.

Jyoti CNC Automation: The company’s equity shares will be listed on the BSE and NSE on January 16. The final offer price has been set at Rs 331 per share.

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