Top 10 stocks for today – 20th September 2024

20 Sep 2024 , 09:15 AM

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

MSTC: The Cabinet Committee on Economic Affairs (CCEA) approved the sale of MSTC Ltd’s 100% equity stake in Ferro Scrap Nigam Ltd (FSNL) to Konoike Transport Co Ltd for ₹320 Crore.

Tata Power Company: The firm and Adaro International (Singapore) Pte are in a legal disagreement over a coal supply agreement inked in August 2020 for the Trombay power station, according to the former. The disagreement has been escalated to the International Court of Arbitration under the International Chambers of Commerce, with both sides submitting significant claims against one another.

Geojit Financial: The investment services firm announced the approval of a rights offering during a Rights Issue Committee meeting on Thursday.

Sandur Manganese: The company stated that it has received approval from the Karnataka State Pollution Control Board to boost its manganese ore production capacity. The approval, given under the Air and Water Act, allows the company to increase production from 0.43 million tonnes per annum (MTPA) to 0.55 MTPA on its mining concession.

Indus Towers: Following the Supreme Court’s decision to dismiss petitions seeking recomputation of adjusted gross revenue dues, the telecom infrastructure provider clarified its recent share price volatility. The company ascribed the stock price shift to market conditions and stated that it had met all regulatory disclosure requirements.

Infosys: The Infosys Innovation Fund will invest up to ₹17 Crore (roughly $2 million) in GalaxEye Space Solutions Private Ltd, a spacetech business. The company also announced an expansion of its strategic partnership with Posti, the top delivery and logistics service in Finland, Sweden, and the Baltics.

Phoenix Mills: The company revealed that its wholly owned subsidiary, Casper Realty Private Ltd, was the highest bidder for two strategically placed plots in Mohali, Punjab. The properties, located in Sector 62, YPS Chowk, Sahibzada Ajit Singh Nagar (Mohali), cover around 13.14 acres.

NTPC: The state-owned power company’s board of directors approved two big thermal power projects at ₹20,921.85 Crore. The Sipat Super Thermal Power Project (Stage-III) in Chhattisgarh would expand to 1×800 MW at an estimated cost of ₹9,790.87 Crore.

Prestige Estates: Prestige Estates Projects provided corporate guarantees of ₹545 Crore for credit facilities obtained by Thomsun Realtors and Techzone Technologies, two of its jointly managed firms. Prestige Estates has issued a ₹75 Crore corporate guarantee to Thomsun Realtors, with Catalyst Trusteeship serving as trustee for Aditya Birla Finance.

IDFC First Bank: The Reserve Bank of India (RBI) has approved the bank’s reappointment of V. Vaidyanathan as Managing Director and Chief Executive Officer. His new term will begin on December 19, 2024 and run until December 18, 2027.

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