Top 10 stocks for today – 23rd November 2023

23 Nov 2023 , 08:43 AM

TVS Motor Company: The two- and three-wheeler manufacturer has entered Vietnam in partnership with its distribution partner, Minh Long Motors. The firm will sell a variety of scooters and underbone bikes at various pricing points. The corporation announced its debut into Europe last week, beginning with France.

InterGlobe Aviation: The Commissioner of Income Tax Appeals issued orders for demands of Rs 739.68 crore and Rs 927.03 crore for the assessment years 2016-17 and 2017-18, respectively. The business will oppose it and take proper legal action.

Power Grid Corporation of India: The state-owned company announced that the Committee of Directors on Investment on Projects has approved an investment of Rs 142.69 crore for the expansion of transformation capacity at the Maheshwaram (PG) substation in Telangana and Rs 224.41 crore for the transmission system for power evacuation from the potential RE zone in Gujarat’s Khavda area.

Mastek: The BSE and the National Stock Exchange of India have issued a warning letter to the business for failing to comply with listing rules for the fiscal quarter ending September 2023. The company has been fined Rs 5,84,000 plus GST by both the exchanges.

Welspun Corp: The Odisha government has approved an investment of Rs 479.47 crore by a Sintex BAPL subsidiary to develop a manufacturing complex for CPVC, UPVC, SWR, agro pipes, PVC fittings, and plastic tanks with an annual capacity of 37,520 MT in Sambalpur, Odisha.

Honasa Consumer (Mamaearth): Mamaearth, a beauty and personal care products brand, increased its consolidated net profit by 94% year-on-year to Rs 29 crore for the fiscal quarter ended September FY24, owing to robust topline and operating performance. Revenue from operations increased by 21% year-on-year to Rs 496 crore, with volume-led sales growing by 27%.

Procter & Gamble Health: Procter & Gamble Health will begin trading ex-dividend on November 23. The company has declared a final dividend of Rs 50 per share. Amrutanjan Health Care and Premco Global will also go ex-dividend on the same day.

Shipping Corporation of India: The state-owned firm received a warning from BSE Limited and the National Stock Exchange of India, each levying a punishment of Rs 5,42,800 for non-compliance with norms governing the composition of the board of directors.

Tata Steel: The Tata Steel board of directors has authorised the distribution of 7.58 crore shares to qualifying Tata Steel Long Products Limited shareholders.

Cipla: The USFDA issues a warning notice to Cipla’s Pithampur factory. Product concerns and microbiological combinations were also reported by the regulator.

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