iifl-logo-icon 1
IIFL

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

  • Open Demat with exclusive Advice & Services
  • Get a dedicated Relationship Manager to help you grow your wealth
  • Exclusive advisory on 20+ trading & wealth-based investment options
  • One tap Investments, Automated trading & much more
  • Minimum 1 lakh margin required
sidebar image

Top 10 stocks for today – 26th February 2024

26 Mar 2024 , 03:17 PM

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

Biocon: The biopharmaceutical business has provided Mizuho Bank with a corporate guarantee of $20 million in order to obtain a $20 million term loan facility offered to the company's step-down subsidiary Biocon Generics Inc. The company guarantee is good for five years.

JSW Infrastructure: The JSW Group firm has obtained a letter of award from the VO Chidambaranar Port Authority for the mechanisation of the North Cargo Berth-III (NCB-III) for dry bulk cargo handling at the port on a design, construct, finance, operate and transfer (DBFOT) basis under the PPP route.

Ami Organics: Sageone Investment Advisors LLP, a Pune-based investment firm, purchased 2.5 lakh equity shares (equal to 0.68% of the paid-up equity) through open market transactions at an average price of 1,075 each.

Foseco India: The foundry consumables and solutions company's net profit increased by 33% year on year to 16.3 Crore in the quarter ended December CY23 (Q4CY23), aided by topline and other income. Revenue from operations increased by 15.7% to 122.3 Crore in the quarter compared to the same time last year.

Kotak Mahindra Bank: The bank, Zurich, and Kotak Mahindra General Insurance Company have mutually agreed that Zurich will buy a 70% ownership in Kotak General through a mix of main and secondary purchases in a single tranche for 5,560 Crore. According to an earlier disclosure made in November 2023, Zurich Insurance planned to initially acquire a 51% stake in Kotak General through a combination of capital infusion and share purchase, followed by a subsequent acquisition of an additional 19% stake three years later.

Rain Industries: The calcined petroleum coke company recorded a consolidated net loss of ₹107.9 Crore for the quarter ended December 2023 (Q4CY23), compared to a profit of ₹12.6 Crore the previous year, due to lower topline, impairment loss, and increased finance expenses. In the quarter, consolidated revenue from operations decreased by 25% year on year to ₹410 crore.

RITES: IIT Bhubaneswar has provided the corporation with a formal Letter of Intent to employ a Projects Management Consultant (PMC) for the infrastructure development of its permanent campus in Odisha.

Aditya Birla Capital: The business invested 50 Crore in Aditya Birla Capital Digital (ABCDL) through a rights issuance. Following this investment, Aditya Birla Capital's percentage shareholding remains unchanged, and ABCDL continues to be completely owned subsidiaries of the firm.

Skipper: The producer of power transmission and distribution structures has received a new order for 737 Crore for the design, production, and construction of a new 765 kV transmission line for the Power Grid Corporation of India.

Arvind Smartspaces: ICICI Prudential Equity Opportunities Fund purchased 4.65 lakh equity shares (equal to 1.02% of paid-up equity) in the real estate developer at an average price of 582 per share. However, investor Kausalya Realserve LLP sold 7 lakh equity shares in the firm at an average price of 582.02 per share, while its stake in the company as of December 2023 was 6.29%, or 28.5 lakh shares.

For feedback and suggestions, write to us at editorial@iifl.com

explored-media

Related Tags

  • Buzzing Stocks
  • stock market
  • stock market news
  • Stock Market Updates
  • stocks in news
  • top 10 stocks
sidebar mobile

BLOGS AND PERSONAL FINANCE

Images
15 Apr 2024   |   12:16 PM
Images
15 Apr 2024   |   10:33 AM
Images
15 Apr 2024   |   09:44 AM
Read More

Most Read News

15 Apr 2024   |   02:27 PM
15 Apr 2024   |   01:53 PM
15 Apr 2024   |   01:52 PM
Read More
Knowledge Centerplus
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Securities Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Knowledge Centerplus

Follow us on

facebooktwitterrssyoutubeinstagramlinkedin

2024, IIFL Securities Ltd. All Rights Reserved

ATTENTION INVESTORS
  • Prevent Unauthorized Transactions in your demat / trading account Update your Mobile Number/ email Id with your stock broker / Depository Participant. Receive information of your transactions directly from Exchanges on your mobile / email at the end of day and alerts on your registered mobile for all debits and other important transactions in your demat account directly from NSDL/ CDSL on the same day." - Issued in the interest of investors.
  • KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
  • No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."

www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.

RISK DISCLOSURE ON DERIVATIVES
  • 9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
  • On an average, loss makers registered net trading loss close to Rs. 50,000.
  • Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
  • Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.
Copyright © IIFL Securities Ltd. All rights Reserved.

Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248

plus
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.

closeIcon

Get better recommendations & make better investments

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp