Top 10 stocks for today – 25 August, 2023

25 Aug 2023 , 07:26 AM

Here are some of the stocks that may see substantial price changes today.

One 97 Communications: According to reports, Antfin is planning to sell a 3.6% interest in Paytm, or 2.3 crore shares, in a block offer on August 25. The deal’s floor price is set to be Rs 880.10 per share, a 2.7% drop from Thursday’s closing price.

Vedanta: The miner has secured an arbitration ruling that upholds its claim in the Rajasthan block case. The mining company claims that the excess profit petroleum is not receivable under the provisions of the production-sharing contract for the Rajasthan block. The petroleum profit is due to audit exceptions by the Director General of Hydrocarbons (DGH) with respect to the allocation of common development expenses across Development Areas and other things.

Bharat Electronics: The Defence Acquisition Council has granted Acceptance of Necessity for the procurement and installation of an electronic warfare (EW) suite on Mi-17 V5 helicopters under the buy (Indian-IDDM) category, which will improve helicopter survivability. Bharat Electronics (BEL) will supply the EW Suite.

Borosil: Klass Pack has finalized the purchase of 1,66,290 equity shares from Hemant Goel to increase its holding in Goel Scientific Glass Works to 4.56%. Klass Pack’s investment in Goel Scientific has increased from 90.17% to 94.73% as a result of this acquisition.

Bharti Airtel, Reliance Industries: Bharti Airtel added 14.09 lakh users in June, compared to 13.28 lakh in May, and Reliance Jio, a part of Reliance Industries’ Jio Platforms, added 22.7 lakh users in June, compared to 30.38 lakh in the previous month, whereas Vodafone Idea lost 12.85 lakh users in June, compared to 28.15 lakh in May.

Max Financial: Promoter entity Max Ventures Investment Holdings sold a 3.3% stake in the company for a consideration of Rs 982 crore. The promoter group entity sold 1.12 crore shares of Max Financial.

GAIL India: GAIL Plans to invest Rs 30,000 crore over the next 3 years as Capex majorly in pipelines, petrochemical projects, and city gas distribution. The company spent Rs 10,000 crore as capital expenditure in FY23.

Coforge: On Thursday, promoter Baring PE sold its entire holding in IT services company Coforge in bulk agreements through its affiliate Huslt BV. It sold 26.6% of its stake, or 1.62 lakh shares, for Rs 4,722 each, aggregating to Rs 7,683 crore, according to market data.

Astra Microwave Products: The maker of radio frequency and microwave subsystems has received orders worth Rs 158 crore from DRDO, ISRO, and DPSUs for the provision of satellite subsystems, airborne radar, and radar and EW subsystems.

HDFC Bank: HDFC Bank announced a new credit card in collaboration with multinational hotel chain Marriott on Thursday to capitalize on rising domestic and global travel by Indians and win market dominance in the most profitable category of retail lending.

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