Top 10 stocks for today – 27th February 2024

26 Mar 2024 , 03:17 PM

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

TVS Motor Company: Subsidiary TVS Motor (Singapore) Pte Ltd has agreed to buy an additional 8,000 equity shares in Killwatt GmbH for 4 million euros. This would enhance TVS Motor (Singapore) Pte Ltd’s ownership in Killwatt GmbH from 39.28% to 49%.

One 97 Communications: Paytm Payments Bank (PPBL), the company’s associate entity, has reconstituted its Board of Directors by appointing former Central Bank of India chairman Srinivasan Sridhar, retired IAS officer Debendranath Sarangi, former executive director of Bank of Baroda Ashok Kumar Garg, and retired IAS officer Rajni Sekhri Sibal. They have lately become independent directors on the board.

Wipro: The technology services and consulting firm unveiled a new private wireless solution with Nokia to assist organisations in scaling their digital transformation. This collaborative solution will give organisations with a more secure 5G private wireless network that is integrated with their operational infrastructure.

State Bank of India: The Reserve Bank of India levied a monetary penalty of ₹2 Crore on the State Bank of India for regulatory compliance violations.

Canara Bank: The bank’s Board of Directors has approved the split of each equity share (face value of ₹10) into 5 equity shares (face value of ₹2 each), subject to Reserve Bank of India clearance. Meanwhile, the RBI levied a monetary penalty of ₹32.30 Lakh on the bank for failing to comply with certain orders.

Andhra Cement: Sagar Cements, the promoter, will sell 46,08,607 equity shares, or a 5% interest in Andhra Cement, through an offer-for-sale (OFS) on February 27 and 28. The floor price has been set at ₹90 per share. The OFS will be offered to institutional investors on February 27 and individual investors on February 28.

Housing & Urban Development Corporation: HUDCO said that the board has accepted Madhu Nagrani’s appointment as the company’s Chief Risk Officer for two years, beginning March 1, in lieu of NS Ganesh, who is retiring. Madhu Nagrani is now the company’s general manager and manager of finance.

Easy Trip Planners: Minerva Ventures Fund purchased 90 lakh equity shares (equal to half a percent of paid-up stock) in the firm for an average price of ₹48.75 Crore, totaling ₹43.87 Crore.

Ducon Infratechnologies: Ducon and Germany’s DeltaVision have signed a Memorandum of Understanding to supply revolutionary fluid management solutions for rocket fuel propulsion and hydrogen fuel delivery systems in the Indian market. The partnership will include co-development, local industrialization, and the production of embedded goods to supply the burgeoning Indian markets in the hydrogen and aerospace value chains.

Union Bank of India: The bank’s Committee of Directors for Raising Capital Funds has given approval for the allocation of 22,11,57,390 equity shares to eligible qualified institutional buyers. This includes Morgan Stanley Asia (Singapore) Pte, Societe Generale-OODI, HDFC Life Insurance Company, BNP Paribas Financial Markets, SBI Life Insurance, and Sundaram Mutual Fund. The shares will be allotted at an issue price of ₹135.65 per share, which is lower than the floor price of ₹142.78 per share. The total amount for this allotment is ₹3,000 Crore.

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