Top 10 stocks for today – 18th August, 2023

18 Aug 2023 , 08:35 AM

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

1. Axis Bank: The Reserve Bank of India (RBI) has sanctioned the appointment of Subrat Mohanty as the Executive Director of Axis Bank, with a tenure of three years beginning from August 17th.
2. Adani Enterprises: Mundra Solar Energy, a subsidiary derived from the company, has been granted the Certificate of Commercial Operational Date (COD) by the Solar Energy Corporation of India (SECI) for its solar photovoltaic (PV) cells and solar PV modules manufacturing facility situated in Mundra, Gujarat.
3. South Indian Bank: The Reserve Bank of India has granted approval for the appointment of P R Seshadri as the Managing Director & CEO of South Indian Bank. His term will span three years, commencing from October 1, 2023.
4. Piramal Pharma: The pharmaceuticals giant’s rights issue, aimed at raising Rs 1,050 crore, concluded on Thursday with an oversubscription rate of 1.27 times. The rights issue was priced at Rs 81 per share. A total of 13 crore shares are set to be issued to existing shareholders, generating a cumulative amount of Rs 1,050 crore.
5. LTIMindtree: Aflac Incorporated, a supplemental insurance provider based in the United States, has chosen LTIMindtree as its digital transformation collaborator for the purposes of application modernization and the transition to cloud-based solutions.
6. NTPC: The government-owned power generation company has finalized the business transfer agreement (BTA) with its subsidiary, NTPC Mining, in order to separate the coal mining operations. The effectiveness of the BTA will be contingent on the fulfillment of the conditions outlined within the agreement.
7. SJVN: A government-owned enterprise has entered into two agreements with Punjab State Power Corporation Ltd (PSPCL) to provide a total of 1,200 MW of solar power generated from its projects. This development was announced by Punjab Chief Minister Bhagwant Mann.
8. Page Industries, HDFC AMC, ACC, Indus Towers, Nykaa: It has been decided that the entity will be removed from the Nifty Next 50 index. This adjustment is scheduled to be implemented on September 28, 2023.
9. Sula Vineyards: Over the extended weekend spanning August 12th to 14th, the winemaker achieved its all-time highest revenue, as well as recorded an unprecedented surge in visitor numbers and tastings. The revenue amassed during this three-day timeframe reached Rs 2.08 crore, marking a notable 40% increase over the previous three-day record of Rs 1.47 crore.
10. DB Realty: On Thursday, Authum Investment and Infrastructure Ltd acquired a 1.9% ownership stake in a real estate developer through open market transactions, at a cost of Rs 100 crore.