Top 10 stocks for today – 18th September 2023

18 Sep 2023 , 08:35 AM

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

Tata Steel: The Tata Group and the UK government have announced a joint investment of £1.25 billion in electric arc furnace steelmaking at the Port Talbot plant. This includes a grant of up to 500 million pounds from the UK government. Over ten years, the Port Talbot project will reduce direct emissions by 50 million tonnes.

Indian Oil Corporation: The board of directors has approved an additional investment of Rs 903.52 crore in Hindustan Urvarak and Rasayan (HURL). HURL is an Indian Oil joint venture formed to establish fertilizer factories in Gorakhpur, Sindri, and Barauni.

Wipro: The leading provider of technology services and consultancy has launched a new location in Jefferson City, Missouri. The office will house over 500 employees and will collaborate with the state’s Jobs for America’s Graduates (JAG) program to attract local talent.

Hindustan Aeronautics: The Defence Acquisition Council has approved the Acceptance of Necessity (AON) for the purchase of 12 Su-30MKI aircraft from Hindustan Aeronautics, along with accompanying equipment and Dornier aircraft avionics upgrades.

Tata Elxsi: INVIDI Technologies has established a global relationship with the provider of product engineering and innovation-led design services. This collaboration will allow operators to provide tailored advertising solutions while also creating new revenue streams.

Bharat Electronics: The state-owned defense firm has received a Rs 2,118.57 crore order from Cochin Shipyard for the supply of various equipment including sensors, weapon equipment, fire control systems, and communication equipment for six Next Generation Missile Vessels (NGMV), a class of anti-surface warfare corvettes for the Indian Navy.

Lemon Tree Hotels: The hotel chain has launched Peninsula Suites in Bengaluru, India. This is the city’s sixth property under the Lemon Tree umbrella. The facility is maintained by Lemon Tree Hotels’ subsidiary Carnation Hotels and its hotel management department.

Adani Total Gas: Ahmedabad Municipal Corporation has awarded the Adani Group company a work order for Rs 130-150 crore. The work order includes designing, building, financing, and operating a 500 tonnes per day (TPD) capacity bio-CNG (CBG) plant under a PPP model in Pirana / Gyaspur in Ahmedabad.

Zomato: Zomato Slovakia s.r.o., the Slovak Republic subsidiary of the food delivery business, initiated the liquidation process on September 14. Furthermore, Zomato Slovakia has no ongoing business activity. It should also be highlighted that Zomato Slovakia is not a substantial subsidiary of the Company, and its demise will have no impact on the company’s turnover/revenue.

ONGC and Oil India: The Union government has raised the windfall tax on domestic crude oil output from Rs 6,700 per tonne to Rs 10,000 per tonne. The increase will take effect on September 16. The government has reduced the special additional excise duty (SAED) on aviation turbine fuel (ATF) from 4 to 3.50 rupees per litre.

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