Top 10 stocks for today – 16th June, 2023

16 Jun 2023 , 07:47 AM

Here are some stocks that may show significant price movement today.

1. HCL Tech: HCL Tech and Microsoft have expanded their strategic partnership to support enterprises in leveraging generative artificial intelligence (AI). As part of the collaboration, HCL Tech will establish a Microsoft Cloud Generative AI Center of Excellence.
2. Wipro: Highlighting its dedication to enabling clients to harness the advantages of 5G technology, Wipro has unveiled its state-of-the-art 5G-Def-i Innovation Center in Austin, Texas. This center will focus on developing secure, environmentally friendly, and compliant products and services, further emphasizing the company’s commitment to innovation.
3. Torrent Pharma: The US Food and Drug Administration (USFDA) has issued an Establishment Inspection Report (EIR) for the company’s oral Oncology manufacturing facility located in Gujarat.
4. BHEL: The PSU has entered into a memorandum of understanding (MoU) with Volvo Eicher Commercial Vehicles to collaborate on the development and deployment of type-IV cylinders (Hydrogen/CNG) in the commercial vehicle segment.
5. TVS motors: The company has divested its complete shareholding in Emerald Haven Realty Limited, amounting to a consideration of Rs 166.83 crore. The automaker previously held a 43.54% stake in Emerald Haven Realty.
6. Samvardhana Motherson: Samvardhana Motherson Automotive Systems Group BV, a subsidiary of Samvardhana Motherson International Limited, has entered into a binding agreement to acquire a 100% stake in CIRMA ENTREPRISE from Vinci Energies France. The deal is valued at 7.2 million euros.
7. Axis Bank: Private investment firm Bain Capital has divested a partial stake in Axis Bank, through a block deal on Thursday. The shares were well received by various domestic and foreign funds.
8. Reliance Industries: According to Bloomberg, RIL (Reliance Industries Limited) is currently in discussions with foreign-currency loan lenders to secure funding of up to $2 billion. The purpose of this funding is to support the ongoing expansion activities across RIL’s diverse businesses, ranging from oil to telecom.
9. Ramkrishna Forgings and Titagarh Rail Systems: Ramkrishna Forgings Limited and Titagarh Rail Systems Limited consortium has been awarded a contract by the Ministry of Railways under the AatmaNirbhar Bharat Initiative. The contract involves the supply of 1.54 million forged wheels, which serves as a significant boost to the Make in India initiative.
10. IL&FS: The company has been granted two awards by an Arbitral Tribunal in the ongoing disputes with GAIL (India) Ltd. concerning gas pipeline projects. The awards include various reliefs such as the acceptance of claims for outstanding Running Account Bills, partial acceptance of loss of profit claims, release of withheld amounts from Running Bills, and the directive to release Performance Bank Guarantees and Mobilisation Bank Guarantee.