Top 10 stocks for today – 20th June, 2023

20 Jun 2023 , 07:49 AM

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

1. HDFC AMC: Abrdn Investment Management, previously known as Standard Life Investments, is anticipated to divest its entire stake in HDFC AMC. This transaction involves the sale of 2.18 crore equity shares, representing a 10.2% stake in the company. The exit is expected to occur through block deals on June 20th.
2. Shriram Finance: TPG India Investments II Inc has recently completed the sale of its entire shareholding in the company through open market transactions. The total number of shares sold amounted to 99.18 lakh shares, representing a 2.65% stake.
3. IndiGo: The low-cost airline has recently made a significant order for 500 Airbus A320 Family aircraft. These aircraft will be delivered over a span of five years, specifically between 2030 and 2035.
4. Sun Pharma: Health Canada has granted approval to Sun Pharma Canada Inc, a subsidiary of Sun Pharma, for its product WINLEVI (clascoterone cream 1%). WINLEVI is a groundbreaking topical treatment for acne vulgaris (acne) and is the first and only medication of its kind that acts as an androgen receptor inhibitor.
5. HDFC: On Monday, HDFC announced that it has divested 90% of its total stake in its subsidiary, HDFC Credila Financial Services Ltd. The stake has been sold to Baring Private Equity and ChrysCapital for a total amount of Rs 9,060 crore. This transaction reflects HDFC’s strategic decision to reduce its holding in HDFC Credila Financial Services Ltd and optimize its investment portfolio.
6. Aether Industries: The specialty chemical manufacturer has initiated its qualified institutional placement (QIP) issue on June 19th. The fund raising committee has determined the floor price for the offer, setting it at Rs 984.90 per share. Investors participating in the QIP will have the opportunity to acquire shares at or above this floor price.
7. Tega Industries:
8. Timken India: Promoter Timken Singapore Pte Ltd is planning to divest a portion of its stake in the ball and roller bearing manufacturing company. They intend to sell approximately 63 lakh equity shares, which represents an 8.4% stake in the company. The transaction is expected to take place through block deals on June 20th.
9. Can Fin Homes: The company has obtained board approval to raise funds through various channels. They are authorized to raise up to Rs 4,000 crore through debt instruments and up to Rs 1,000 crore through qualified institutional placement (QIP), preferential allotment, or Rights issue. In addition, the board has also requested approval from the shareholders for the purpose of raising funds.
10. Ami Organics: Girishkumar Limbabhai Chovatia, a high net worth individual, recently completed the sale of 360,000 shares in the company through open market transactions. The shares were sold at an average price of Rs 1,265 per share, resulting in a total transaction value of Rs 45.54 crore.