Top 10 stocks for today – 17th November 2023

17 Nov 2023 , 08:09 AM

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

TVS Motor Company: The Chennai-based two-and-three-wheeler manufacturer announced its arrival in Europe by striking an import and distribution arrangement with Emil Frey, a European vehicle importer and retailer. This collaboration represents a significant step forward in TVS Motor Company’s global growth.

Axis Bank: The Reserve Bank of India (RBI) fined Axis Bank Rs 90.92 lakh for failing to comply with Know Your Customer (KYC) Directions, Loans and Advances—Statutory and Other Restrictions, Guidelines on Managing Risks and Code of Conduct in Banks Outsourcing Financial Services, and Code of Conduct for Opening and Operating Current Accounts.

JSW Steel: The business has withdrawn its application for the final mine closure plan for the surrender of the Jajang iron ore block in Keonjhar, Odisha, after assessing the demand and supply environment of iron ore in India.

Procter & Gamble Hygiene & Health Care: Procter & Gamble Hygiene will be trading ex-dividend on November 17. The company has announced a dividend of Rs 105 per share.

SJVN: The Solar Energy Corporation of India (SECI) and the state-owned hydroelectric power production firm have inked a power purchase agreement for a 200 MW grid-connected wind power project. In an open competitive tariff bidding procedure, its subsidiary, SJVN Green Energy (SGEL), won 200 MW at a price of Rs 3.24 per unit on a build-own-operate (BOO) basis.

JSW Infra: The Karnataka Maritime Board, Government of Karnataka, has awarded the corporation a letter of award for the public-private partnership construction of the port at Keni in Karnataka. The project’s anticipated cost is Rs 4,119 crore, with an initial capacity of 30 MTPA.

Delhivery: According to sources, foreign investor SoftBank intends to sell a $150 million share in Delhivery in a block sale. If the block deal goes through, SoftBank may sell about 4% of its interest. As of September 2023, Svf Doorbell (Cayman), a subsidiary of the Japanese company Softbank, owns a 14.46% stake in Delhivery.

Manappuram Finance: Manappuram Finance has been fined Rs 42.78 lakh by the Reserve Bank of India (RBI) for failing to comply with certain terms of the Non-Banking Financial Company—Systemically Important Non-Deposit-Taking Company and Deposit-Taking Company (Reserve Bank) Directions.

Brigade Enterprises: Brigade Group has inked a JDA with Krishna Priya Estates and Micro Labs to build about 2 million square feet of residential homes in Bengaluru with a gross development value (GDV) of Rs 2,100 crore.

DCX Systems: The Board of Directors has approved a fund-raising plan of up to Rs 500 crore by a public offering, preferential offering, rights offering, private placement(s), or qualified institution placement.

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