Top 10 stocks for today - 1st September, 2022

1 Sep 2022 , 08:12 AM

The Singapore Exchange’s Nifty futures traded 58 points, or 0.33%, lower at 17,452, indicating that the stock market may have a bad start to the day on Thursday. The following 10 stocks may see price movements in them:

1. ONGC & IOCL:

The government has increased the windfall profit tax on the export of diesel to Rs13.5 per litre and on the export of jet fuel to Rs9 per litre.

1. Reliance Industries:

According to news reports, the company has purchased the domestic soft drink brand Campa from the Pure Drinks Group of Delhi.

1. NTPC:

The state-run electricity generator has received the consent of its shareholders to issue non-convertible debentures on a private placement basis for up to Rs12,000 crore for capital expenditures, operating capital, and general corporate purposes. In the annual general meeting, the resolution was approved with the necessary majority.

1. State Bank of India:

To recoup Rs102 crore in unpaid debt, the largest lender in the nation would sell Anamika Conductors’ non-performing loan account through an electronic auction in late September.

1. Vodafone Idea:

Akshaya Moondra, the company’s chief financial officer, has been elevated to the position of new chief executive officer with the support of the telecom company’s shareholders.

1. Tata motors:

The domestic auto giant claimed to have finished buying out Marcopolo’s stake in their joint venture, Tata Marcopolo Motors, which makes bus bodies.

1. Biocon:

The pharmaceutical company reported that the USFDA had inspected seven of its subsidiary Biocon Biologics’ production facilities and had issued Form 483s with 11 observations for each of two sites in Bengaluru and six observations for a plant in Malaysia.

1. Inox Leisure:

According to the company’s most recent annual report, the multiplex operator has plans to open 834 additional screens beyond FY23.

1. Havells India:

The manufacturer of electrical products and appliances announced plans to increase washing machine production capacity at its Ghiloth factory in Rajasthan, where it will invest Rs130 crore.

1. Zee Entertainment Enterprises:

The media giant stated that it has entered into a four-year strategic licencing arrangement with Disney Star for the television broadcasting rights of the ICC Men’s and Under-19 global competitions.
 
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