Top 10 stocks for today – 26th June, 2023

26 Jun 2023 , 07:52 AM

Here are some stocks that may show significant price movement today.

1. Axis Bank: The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 30 lakh on Axis Bank for violating credit card rules.
2. ICICI Bank: The private lender has scheduled a meeting on Thursday, June 29, to discuss the potential delisting of the equity shares of its broking arm, ICICI Securities. Additionally, ICICI Securities will also hold a meeting to address the same matter.
3. Ipca Laboratories: The Pithampur formulations manufacturing facility of the company received a form 483 from the USFDA, citing eight observations. The facility underwent an inspection by the authority from June 15 to June 23, 2023.
4. Aurobindo Pharma: The Committee for Medicinal Products for Human Use (CHMP) of the European Medicines Agency (EMA) accepted arm CuraTeQ Biologics’ request to withdraw the EU marketing authorization applications for ZEFYLTI and DYRUPEG.
5. Shree Cement: Shree Cement has provided clarification regarding the income tax surveys, stating that the entire management team of the company is fully cooperating with the officials. They further emphasized that any information circulating in the media suggesting otherwise is incorrect.
6. Grasim industries: The board has approved the raising of funds, amounting to Rs 2,000 crore, through the issuance of non-convertible debentures on a private placement basis.
7. HDFC Life: According to sources, the private sector life insurer is expected to initiate a legal challenge against the GST department’s demand notice by approaching the Customs, Excise, and Service Tax Appellate Tribunal. The company has received a GST demand notice amounting to Rs 942 crore for the period spanning from July 2017 to March 2022.
8. TCS: In response to the recruitment scam reports, the IT services major clarified that the recruitment activities within the company are not managed by the resource management group, as alleged.
9. Zydus Lifesciences: Pharmaceutical company’s wholly-owned subsidiary, Zydus Animal Health, will acquire a 6.5% stake in Mylab from Rising Sun Holdings, an investment company owned by Adar Poonawalla. The acquisition will be made for a total of Rs 106 crore.
10. Asian Paints: The paints company has completed the acquisition of an additional 11% stake in Obgenix Software Private Ltd for a total amount of Rs 54 crore.