Top 10 stocks for today – 19th March 2024

19 Mar 2024 , 09:00 AM

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

Tata Consultancy Services: Tata Sons has proposed to sell 2.34 Crore shares of the IT major at ₹4,001 per share in block sales to garner up to $1.1 billion, according to Bloomberg. The quoted price is 3.6% below the previous trading price.

Tata Steel: Tata Steel UK has chosen to shut down the coke ovens at its Port Talbot plant in Wales due to a worsening in operational stability. It will boost coke imports to mitigate the effects of the coke oven shutdown. Tata Steel is now in advanced discussions with trade unions in the UK over their proposed reorganisation, which includes the closure of the iron and steelmaking operations at Port Talbot.

Sonata Software: The modernising engineering business has entered into a cooperative go-to-market agreement with Zones, LLC, a global supplier of end-to-end IT solutions and cloud-managed services. As part of the five-year agreement, they will work together to improve cost efficiency and data optimisation through collaborative services and industry-specific solutions.

Aditya Birla Sun Life AMC: Promoters Aditya Birla Capital and Sun Life (India) AMC Investments Inc. will sell up to 2,01,66,293 equity shares of Aditya Birla Sun Life AMC (equivalent to 7% of total paid-up equity) through an offer-for-sale (OFS) issue, with the option to sell up to 1,28,86,277 equity shares (4.47% of paid-up equity). The OFS will be accessible to non-retail investors on March 19, with retail investors able to participate on March 20. The floor price for the offering has been set at ₹450 per share.

IOL Chemicals and Pharmaceuticals: The Brazilian Health Regulatory Agency (ANVISA) successfully completed the GMP audit of the company’s 10 API production plants in Barnala, Punjab, with no observations. The examination was carried out from March 11 to 15.

Veritas (India): The business, in collaboration with Genesys International Corporation, has secured a Letter of Acceptance from the Brihanmumbai Municipal Corporation (BMC) for the ₹155.85 Crore project. The project entails creating, implementing, and maintaining a 3D city model for BMC, as well as leveraging geospatial technologies to identify changes.

Devyani International: Rajat Luthra has resigned as CEO of KFC, effective March 29. Pradeep Das will take over as CEO of KFC from Rajat Luthra. Pradeep Das now serves as the CEO of airports and institutional enterprises.

Lemon Tree Hotels: The firm has secured a licence deal for Lemon Tree Hotels Agartala, Tripura. The hotel is slated to open in fiscal year 27. Carnation Hotels, a wholly-owned subsidiary and Lemon Tree’s hotel management arm, will run this hotel.

Dishman Carbogen Amcis: Carbogen AMCIS, a pharmaceutical process development and active pharmaceutical ingredient (API) production firm established in Switzerland, announces the successful completion of its first routine inspection by the Brazilian Regulatory Authority Agency (ANVISA) at its Shanghai site. The examination was place between November 6 and 10, 2023, and resulted in no significant or noteworthy findings. As a result, the authorities has issued the location a certificate of good manufacturing practice (GMP).

S&T Corporation: Dhaval Savai has resigned as the company’s Executive Director and Chief Financial Officer, effective immediately, but he will remain a non-executive, non-independent director on the board. The Board of Directors has selected Trishana Savai as the company’s Executive Director and Chief Financial Officer, effective immediately. Trishana Savai now serves as the company’s Executive Director.

For feedback and suggestions, write to us at [e-mail]