Top 10 stocks for today – 20th December 2023

20 Dec 2023 , 09:24 AM

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

Apollo Tyres: White Iris Investment, a foreign portfolio investor, sold 2,85,79,542 equity shares, or 4.5% stake of the tyre manufacturing firm, in an open market transaction for Rs 448.35 per share, valued at Rs 1,281.4 crore. Nippon India Mutual Fund, on the other hand, purchased 1,20,44,000 equity shares, or a 1.9% interest, for Rs 540 crore.

Tech Mahindra: Mohit Joshi took over as Managing Director and CEO of Tech Mahindra on December 20. On December 19, the period of appointment of CP Gurnani as Managing Director and CEO of the firm expired, and Gurnani ceased to be the company’s Managing Director and CEO.

IndusInd Bank: The private sector lender is expected to sell up to 1.79 crore shares, or 2.86% stake in Nippon AMC via block sales. The floor price has been established at Rs 426.60 per share, a 5% decrease from the previous day’s closing price. The overall bid amount for the Nippon AMC holding is a substantial Rs 762 crore.

Bharat Petroleum Corporation: The oil marketing business has got board clearance to build a polypropylene (PP) facility at the Kochi Refinery for a total project cost of Rs 5,044 crore.

RVNL: Rail Vikas Nigam and Kerala Rail Development Corporation JV were the lowest bidders for the upgrade and redevelopment of Kerala’s Varkala Sivagiri Railway Station. The project would cost Rs 123.26 crore and will take 30 months to complete.

Doms Industries: On December 20, the stationary and art items manufacturer will float its equity shares on the stock exchanges. The final issue price has been established at Rs 790 per share. Analysts predict that the stock will trade at a 65% premium to its IPO price.

Varun Beverages: The board of directors of the beverages company has authorized the acquisition of Beverage firm, South Africa (Bevco) for Rs 1320 crore, with the possibility of accepting a minority co-investment from a significant equity fund. In South Africa, Bevco manufactures and sells PepsiCo’s own-brand non-alcoholic drinks. Further, the business inked an MoU with the Jharkhand government to build a facility at Pataru for Rs 450 crore.

CONCOR: Container Corporation of India and DB Schenker India have entered into an agreement to work on EXIM and domestic business. The firms hope to establish sustainable supply chain techniques in the logistics industry through the MoU.

Jindal Saw: Cresta Fund, a foreign portfolio investor, has sold 20 lakh equity shares, or 0.6% stake in the company, at a price of Rs 429.1 per share, for a total value of Rs 85.82 crore. Cresta owned a 2.77% stake in Jindal Saw, or 88.67 lakh shares, as of September 2023.

Astral: According to reports, the promoter is looking to sell a 2-3% stock holding in Astral. The share sale is scheduled to take place this week and would be worth Rs 1,000-1,500 crore. The promoter presently owns a 55.85% stake in Astral.

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