Top 10 stocks for today

14 Jul 2022 , 08:21 AM

Here are the stocks with major news and the potential to move the markets:

1. Infosys:

The large IT company said that it would buy Denmark’s BASE life science for around 110 million euros (roughly Rs875 crore) in an all-cash deal. The acquisition will expand Infosys’ knowledge in the life sciences industry and expand its presence in Europe.

1. HDFC:

On Friday, the largest mortgage company will begin a private placement bond offering to generate up to Rs5,000 crore. The secured redeemable non-convertible debentures (NCDs), which have a tenure of 4 years, 11 months, and 10 days, will have an interest rate of 7.77%, payable yearly.

1. Dabur India:

Through its subsidiaries, the FMCG company bought the whole ownership in Asian Consumer Care, a company based in Bangladesh, from its joint venture partner Advanced Chemical Industries for around Rs51 crore. Prior to the transaction, Dabur held a 76% share in the company through its subsidiary Dabur International.

1. Mindtree:

The midcap IT company reported a net profit increase of over 37% for the June quarter, maintaining its “confident” outlook for the first half of the fiscal year and tempered optimism for the second. In comparison to the same quarter a year prior, the IT company’s net profit increased to Rs471.6 crore from Rs343.4 crore.

1. Tata Power:

State-owned Solar Energy Corporation of India has awarded a 600 MW wind-solar hybrid power project in Karnataka to the Tata Group company TP Saurya. Through a tariff-based open bidding process, the letter was chosen. Within 24 months on the day the PPA was executed, the project would be put into operation.

1. Raymond:

Atul Singh, the former president of Coca-Cola India, has been named the executive vice chairman of Raymond. The most recent appointment represents a key step in building a future-ready organization that has been closely managed by its founders, the Singhania family, since its start.

1. Hindustan Zinc:

The metal miner reported that the board has recommended an interim dividend of Rs21 per equity share, or Rs8,873.17 billion, for the fiscal year 2022—2023 The interim dividend payment record date is July 21, 2018.

1. JSW Energy:

The electric utility company said that Solar Energy Corporation of India has awarded its subsidiary JSW Neo Energy a 300 MW wind energy project (SECI). The letter of award (LoA) for 300 MW of total wind capacity has been given to JSW Neo Energy by SECI.

1. Tata Metaliks:

In the June quarter, The Pig Iron and DI Pipes company reported a steep decline in net profit to Rs1.22 crore, primarily due to rising expenses. It earned a net profit of Rs94.72 crore during the months of April and June of the fiscal year 2021—22.

1. NHPC:

The Sawalkot HE project (1856 MW) in the Union Territory of Jammu & Kashmir has received investment approval from the government for pre-investment activities to be carried out by NHPC for a sum of Rs973 crore at the November 2021 pricing level.