Top 10 stocks for today

12 Jul 2022 , 08:01 AM

The Singapore Exchange’s Nifty futures traded 109 points, or 0.67%, lower at 16,089.5, indicating that Indian equity markets may start the day on a negative note today.

Here are the top 10 stocks that have major news in them and the potential to move the markets:

1. Bank of Baroda:

With effect from Tuesday, the state-owned lender increased the marginal cost of funds-based lending rate by up to 0.15% for certain loan tenures. With effect from July 12, 2022, the bank has approved a change to the Marginal Cost of Funds Based Lending Rate (MCLR).

1. L&T:

The infrastructure company claimed to have won large contracts for the construction of data centres in Mumbai and Navi Mumbai with a combined capacity of 10.8 MW. The business will design, construct, and take part in supply work, among other things, for the data centres and related buildings, such as fit-outs.

1. Ashok Leyland:

The manufacturer of commercial vehicles announced that Ganesh Mani has been named president and operational head of the business. Mani, who joins Ashok Leyland from Hyundai Motors, will be in charge of all business operations, including supply chain management, manufacturing, and sourcing.

1. HFCL:

One of the top private telecom operators in the nation places orders worth Rs59.22 crore with the telecom equipment manufacturer for the installation of a fiber network. The orders are for services to install a fiber-to-the-home network and a long-distance fibre network in various telecom circles.

1. Eureka Forbes:

Eureka Forbes names a new CEO and MD. With effect from August 16, Pratik Pota is appointed as the organization’s managing director and chief executive officer for a tenure of five years. The company’s shareholders must approve this appointment in order for it to go into effect.

1. Ahluwalia Contracts:

Rs150 crore worth of construction work is bagged by Ahluwalia Contracts. Ritnand Balved Education Foundation has given the corporation a new order for the building of the Amity Campus Bengaluru worth Rs150 crore. The total amount of orders received during FY23 was Rs863 crore.

1. Spandana Sphoorty:

For the quarter that ended in March 2022, the microlender’s net profit increased by more than 50% to Rs75 crore. Due to management-level problems, the results have been released slowly. In the same quarter of FY21, the company had reported a net profit of Rs49.3 crore.

1. Techno Electric & Engineering Company:

The board of directors of the engineering and construction company accepted a proposal to repurchase shares worth up to Rs130 crore at a price of up to Rs325 per share.

1. BLS International Services:

Nomura Singapore, a multinational financial services company, paid Rs26.75 crore for 12.5 lakh shares of the technology services business through an open market transaction at an average price of Rs214 per share.

1. Satin Creditcare Network:

According to the NBC, the board of directors has approved raising money through the private offering of non-convertible debentures (NCDs) of up to Rs5,000 crore in one or more tranches. Within a year after the shareholders’ approval, the funds will be raised.