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Top 10 stocks for today - 19th September, 2024

19 Sep 2024 , 08:52 AM

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

1. IREDA: DIPAM has approved an alternate mechanism for the government to dilute up to 7% shareholding in one or more tranches of IREDA’s ₹4,500 Crore fund raise.
2. Garden Reach Shipbuilders: M/s Carsten Rehder Schiffsmakler and Reederei GmbH & Co., KG Germany awards an additional order of four multi-purpose vessels. The second order is for $54 million, bringing the total to $108 million, including the original order. Garden Reach has also been promoted to Schedule ‘A’ CPSE from Schedule ‘B’ previously.
3. Nazara Technologies: The company plans to raise ₹900 Crore through a preferential equity issuance, which requires shareholder and regulatory clearance. The company has bought an additional 19.35% share in Sportskeeda’s parent company for ₹145.5 Crore, with 50% paid in cash and the remainder in stock.
4. GE T&D India: Promoters, Grid Equipments, and GE Grid Alliance BV will sell up to an 11.7% share in the company via an Offer for Sale. The OFS has a floor price of ₹1,400 each. The OFS also offers a greenshoe option of up to 3.9%. The OFS will be open for non-retail investors on September 19 and retail investors on September 20.
5. Power Grid: The company has been declared as the successful bidder for an interstate gearbox system. The project includes the construction of a new 765, 400, and 220kV substation in Kurawar, Madhya Pradesh, as well as a 765kV and 400kV D/C transmission line.
6. BL Kashyap and Sons: The company secured a ₹221 Crore order from SSS Realty & Co. for civil, structural, and allied works in Koramangala, Bangalore. The order must be executed within 20 months. The order book currently stands at ₹3,546 Crore.
7. Ion Exchange: Adani Power Ltd has granted Ion Exchange (India) Ltd contracts worth over ₹161.19 Crore for water treatment and environmental management.
8. Aditya Birla Capital: Aditya Birla Capital Limited (ABCL) stated on September 18, 2024, that it has received a ‘no objection’ letter from the Reserve Bank of India (RBI) regarding the proposed merging of its wholly owned subsidiary, Aditya Birla Finance Limited (ABFL), with the parent firm.
9. Nippon Life India: Nippon Life India Asset Management Limited (NAM India) has formally selected Parag Joglekar as its new Chief Financial Officer (CFO), beginning September 19, 2024. The decision, approved at a board meeting on September 18, follows recommendations from both the Nomination and Remuneration Committee and the Audit Committee.
10. Aurobindo Pharma: Aurobindo Pharma Ltd announced on Wednesday that it will buy the remaining 49% ownership in GLS Pharma Ltd for ₹22.5 Crore, making the latter a wholly-owned subsidiary.