Top 10 stocks for today – 26th September 2023

26 Sep 2023 , 08:05 AM

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

Wipro: The IT services firm announced the sale of 14 acres and 02 cents of property in Chennai, together with a 20-year-old structure, for Rs 266.38 crore. On September 25, the company signed a sale agreement, and Casagrand Bizpark was the buyer.

Tata Steel: Moody’s Investors Service has upgraded Tata Steel’s corporate family rating from Ba1 to Baa3, and revised the outlook from Positive to Stable. The rating agency anticipates that the company’s profitability will rise even as lower steel prices reduce revenue and that the company will continue conservative financial policies with well-balanced capital allocation and financial indicators consistent with its Baa3 rating.

GR Infraprojects: National Highways Logistics Management has cancelled GR Infraprojects’ proposals for two ropeway projects. In February 2023, GR Infraprojects was selected as the low bidder for the development, operation, and maintenance of ropeways in Uttarakhand worth Rs 3,613 crore under the Hybrid Annuity Mode.

Fortis Healthcare: The board of directors has approved the firm entering into a Share Purchase Agreement to acquire 99.9% of Artistery Properties. The equity purchase has an enterprise value of Rs 32 crore. Artistery owns the land and a building near Fortis Hospital in Anandpur, Kolkata.

HDFC AMC: HDFC AMC has invested Rs 25 crore in its subsidiary HDFC AMC International (IFSC), in which it retains 100% ownership.

Ujjivan Small Finance Bank: SMC Global Securities formed a strategic agreement with Ujjivan Small Finance Bank to provide customers with online trading services. This association will provide savings, demat, and trading accounts to bank customers.

RPP Infra Projects: The company has obtained a letter of approval for road and drain works-1 for CPCL’s CBR project in Nagapattinam, Tamil Nadu, with a contract value of Rs 300.44 crore. In addition, a contract worth Rs 90.18 crore was awarded for the provision of civil works and allied services for an engine test facility as well as auxiliary work for GRTE in Rajankute, Bengaluru.

Welspun Corp: Sintex BAPL has signed an MOU with the Telangana government to establish a manufacturing plant in the state with an investment of up to Rs 350 crore. The proposed facility is part of the state government’s incentive program and will manufacture water tanks as well as PVC pipes and fittings. The overall investment will be spread out over the next three fiscal years.

Delta Corp: On Monday, Ashish Kacholia sold a stake in Delta Corp Ltd in a bulk deal. According to exchanges, the ace investor has sold roughly 15 lakh shares totaling about 0.56% of the stake in the company for Rs 144.65 each.

Strides Pharma: Strides Pharma’s Singapore-based wholly-owned step-down subsidiary Strides Softgels Pte will acquire its CDMO and Soft Gelatin businesses from Strides Pharma Global Pte (SPG).

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