Top 10 stocks for today – 19th June, 2023

19 Jun 2023 , 07:55 AM

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

1. Dr Reddy’s Laboratories: During the period of June 12 to June 16, the USFDA conducted a thorough inspection of the API manufacturing facility located in Bollaram, Hyderabad. Following the inspection, which adhered to good manufacturing practices (GMP), no observations or concerns were raised, resulting in a successful closure.
2. Tata Steel: Tata Steel has announced its intention to allocate a consolidated capital expenditure (capex) budget of Rs 16,000 crore for both its domestic and global operations in the ongoing financial year.
3. HDFC Bank: In response to HDFC Bank’s request, the Reserve Bank of India (RBI) has provided guidance to the bank, permitting it to retain the commercial papers issued by HDFC Bank until their maturity. However, the RBI has instructed the bank not to extend the maturity or reissue any commercial papers after the proposed amalgamation takes effect.
4. Axis Bank: Effective from October 27, 2023, the Board of Axis Bank has appointed NS Vishwanathan as the non-executive chairman for a term of three years.
5. Zee Entertainment: In its response to the Securities Appellate Tribunal (SAT) regarding the Zee Enterprises case, the market regulator has highlighted that Subhash Chandra, the Chairman Emeritus, and Punit Goenka, the Managing Director and CEO of the prominent publicly listed company, have allegedly redirected public funds to private entities.
6. Adani Enterprises: Adani Digital Labs, a subsidiary of the Adani Enterprises, has entered into a share purchase agreement to acquire a complete ownership stake (100%) in Stark Enterprises, an online train booking and information company, also known as Trainman.
7. L&T: The IT major has secured an offshore project with the order value falls within the range of Rs 1,000 to Rs 2,500 crore.
8. HAL: According to sources, India and the US are reportedly on the verge of finalizing an agreement for the co-production of fighter jet engines. The deal is expected to be signed between General Electric (GE) and Hindustan Aeronautics Limited (HAL) and will involve the transfer of jet engine technology worth 80 percent of its value.
9. Kalyan Jewellers: Highdell Investment, a private equity firm owned by US-based Warburg Pincus, has sold a 6.2% stake in Kalyan Jewellers through an open market transaction, generating Rs 725 crore in proceeds.
10. PNB Housing Finance: The housing finance company has announced that its board will review the proposal to issue non-convertible debentures amounting to Rs 5,000 crore through a private placement. The board meeting to discuss this matter is scheduled for June 22.