Top 10 stocks for today – 17th September, 2024

17 Sep 2024 , 08:55 AM

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

TVS Motor: The redesigned Apache RR310 now starts at ₹2.75 lakh, an increase of ₹3,000 from its previous pricing. However, the base model, which is available in Racing Red, lacks the quick-shifter feature. The quick-shifter variation costs ₹2.92 lakh and the Bomber Grey version costs ₹2.97 lakh.

Reliance Infrastructure: The company’s board of directors will meet on 19 September to explore issuing preferred shares to raise finance. In July 2021, the firm raised ₹550 Crore by issuing preferred shares. The promoters invested ₹400 Crore, while Varde Capital Partners, an overseas investor, subscribed for ₹150 Crore.

JK Tyre & Industries: The tyre maker said that its board of directors has accepted an amalgamation plan with its subsidiary, Cavendish Industries Ltd. As part of the transaction, owners of Cavendish Industries will get 92 fully paid-up equity shares of JK Tyre (₹2) for every 100 equity shares of Cavendish Industries (₹10).

Vedanta: Vedanta Aluminium, a mining company, stated it is responding to a breach at its process water storage pond at the Lanjigarh alumina refinery in Odisha on September 15, 2024, caused by harsh weather conditions. The breach, which was caused by elevated water levels and pressure in the dam’s catchment area, has had an impact on the region’s agricultural land.

Firstsource Solutions: The business process management services provider formed a strategic partnership with Microsoft to provide refined digital transformation services to clients worldwide. The cooperation will use Microsoft Azure OpenAI Service to boost innovation and efficiency across numerous industries, according to the business.

Sandur Manganese: The company’s board of directors authorised a proposal to fund up to 1,000 Crore by issuing equity shares via Qualified Institutions Placement (QIP). The board’s 374th meeting approved issuing equity shares with a face value of ₹10 in one or more tranches.

Indo Count Industries: The business announced that its wholly-owned subsidiary, Indo Count Global Inc., has purchased an 81% share in Fluvitex USA, Inc., a maker of utility bedding items such as pillows and blankets. The acquisition was conducted via a Stock Purchase Agreement with Spain-based Masias Invest, S.L. for an initial purchase price of $19.63 million.

TVS Holdings: The company announced that its wholly-owned subsidiary, Indo Count Global Inc., has acquired an 81% stake in Fluvitex USA, Inc., a manufacturer of utility bedding items such as pillows and blankets. The acquisition was completed via a SPA with Spain-based Masias Invest, S.L. for an initial purchase price of $19.63 million.

Globus Spirits: DOAAB India Craft Whisky is the company’s first single malt whisky, launching it into the luxury segment of India’s burgeoning whisky industry.

India Shelter Finance Corporation: Nexus Ventures III, a foreign company, sold a 4.6% investment in India Shelter for an average price of ₹753.27 per share, while Nexus Opportunity Fund II sold a 1.35% holding for ₹752.35 per share. However, ICICI Prudential Life Insurance Company, SBI Life Insurance Company, and Goldman Sachs Funds – Goldman Sachs India Equity Portfolio each bought a 2% stake. Patronus Research LLP also purchased a 0.57% position in the company.

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