Top 10 stocks for today – 28th August 2023

28 Aug 2023 , 08:02 AM

Bharat Electronics: During July and August 2023 (to date), the state-run defense business has received defense and non-defense orders totaling Rs 3,289 crore. Among these orders is a Rs 1,075-crore contract from Hindustan Shipyards for the supply of CMS, communication systems, EW systems, and other sensors for fleet support ships. BEL has received orders totaling Rs 11,380 crore in the current fiscal year.

Jio Financial Services: Jio Financial Services’ removal from the Sensex and other BSE indices would be delayed by three days because the stock fell below the lower circuit on both August 24 and 25. Jio Financial has been withdrawn from the S&P BSE Indices, with effect from the start of trade on September 1.

Reliance Industries: Today is the annual general meeting (AGM) of Reliance Industries Ltd (RIL). Analysts anticipate many significant announcements including Jio Financial, retail, and new energy sectors.

One 97 Communications: Antfin (Netherlands) Holding B V, a subsidiary of Chinese billionaire Jack Ma’s Ant Group, sold 2.27 crore equity shares, or 3.59% of the Paytm operator, in open market transactions for Rs 2,037.01 crore at an average price of Rs 895.20 per share.

HDFC Bank: The bank’s board of directors has accepted the reappointment of Sanmoy Chakrabarti as Chief Risk Officer (CRO) for another five years. The reappointment is valid from December 14, 2023 through December 13, 2028.

Linde India: The industrial gases company has received a Letter of Acceptance from the Steel Authority of India (SAIL) for the installation of a 1,000 tonnes per day cryogenic oxygen plant at SAIL’s Rourkela plant on a construct, operate, and maintain (COM) basis for a period of 20 years from the date of commissioning of the plant and ancillary facilities. 

Vedanta: After a Rs 9,545 crore disallowance, Anil Agarwal’s Vedanta has won arbitration against a demand for a bigger payout from its productive Rajasthan oil and gas reserves.

Adani Enterprises: Sebi, India’s market regulator, said in a Supreme Court petition on Friday that it virtually finished investigating whether billionaire Gautam Adani’s company breached securities rules and will take action necessary based on its findings.

Gland Pharma: Gland Pharma has received form 483 from the US regulator with two observations for the Hyderabad plant.

GI Engineering Solutions: Investor GG Engineering has continued to sell its stake in GI Engineering this week. GG Engineering sold 12.93 lakh shares, or 1.5% of its stake, on Friday at an average price of Rs 11.95 per share. GG Engineering sold a total of 1.36 crore shares or 15.88% interest in GI Engineering in the recent five days, compared to a shareholding of 2.1 crore shares or 24.47% stake as of June 2023.

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