Top 10 Stocks for today - 25th September 2024

25 Sep 2024 , 08:31 AM

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

Easy Trip Planners: Nishant Pitti, the company’s promoter, aims to sell up to 8.5% ownership in the company in block deal worth ₹622 Crore. The transaction price is expected to be ₹41.5 per share, slightly higher than Tuesday’s closing price of ₹40.99. Nishant Pitti owned a 28.13% interest in the company at the conclusion of the first quarter.

Gillette India: The maker of shaving products announced that Procter & Gamble Bangladesh Private Ltd has terminated the distribution agreement with the company, expiring December 31, 2024. The termination is projected to cause a corresponding drop in Gillette India’s net revenues.

Delta Corp: The board has approved a proposed composite scheme of arrangement between the company and Delta Penland. The plan calls for the demerger of the company’s hotel and real estate businesses. Delta Penland will issue one share of the demerged corporation for each share owned by Delta Corp stockholders.

HDFC Life: The company announced that its Capital Raising Committee will convene on September 27, 2024, to finalise the commercial conditions for the issuing of subordinated debt instruments. The company’s board of directors gave preliminary approval to raise up to ₹2,000 Crore through non-convertible debentures in a private placement.

Mukta Arts: Subhash Ghai’s production company announced an arrangement with Zed Entertainment Enterprises Ltd (ZEEL) for the assignment of satellite and media rights to 37 of its films. The arrangement, which begins on August 25, 2027, grants ZEEL rights for a six-year period.

Hindustan Foods: The FMCG company announced the merger of a promoter-owned corporation to expand its manufacturing capabilities in Nashik, Maharashtra. The entity, Avalon Cosmetics Private Ltd (ACPL), is owned by Hindustan Foods’ promoters and operates a food production facility in Sinnar MIDC, Nashik.

Tata Power: On September 23, the business reported a fire in the control room of unit No. 5 at its Trombay plant, which has a capacity of 500 MW. While the cause of the incident is still being investigated, the company has confirmed that no injuries or deaths occurred.

KEC International: The company has launched a QIP to raise capital. The floor price of ₹976.64 is practically identical to Tuesday’s closing price. The Board approved raising up to ₹4,500 Crore through the QIP.

MCX: Effective October 1, the stock exchange will modify transaction costs for futures and options contracts. Futures prices have been reduced from ₹1.75 to ₹2.6 to ₹2.1, while options charges have decreased from ₹40 to ₹50 to ₹41.8.

Cartrade Tech: Highdell Investment, which is owned by US-based private equity firm Warburg Pincus, unloaded its whole 8.64% ownership in Cartrade Tech on Tuesday in an open market deal worth slightly more than ₹375 Crore. 

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