Top 10 stocks for today – 28th December 2023

28 Dec 2023 , 09:02 AM

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

Tata Power Company: The Tata Group firm has executed a share purchase agreement and purchased a 100% stake in the project special purpose entity Bikaner III Neemrana II Transmission. The purchase price is Rs 18.6 crore. The June 2023 special-purpose vehicle would construct, own, operate, and transfer an electrical power transmission system between Bikaner and Neemrana in Rajasthan.

Reliance Capital: The Competition Commission of India (CCI) has authorized IndusInd International Holdings Limited, IIHL BFSI (India) Limited, and Aasia Enterprises LLP’s acquisition of a stake in Reliance Capital. Reliance Capital is going through bankruptcy procedures under the Insolvency and Bankruptcy Code.

Life Insurance Corporation of India: S. Sunder Krishnan has been named as the corporation’s Chief Risk Officer, effective December 27. Pratap Chandra Paikray has stepped down as the LIC’s Chief Risk Officer.

Power Grid Corporation: Power Grid paid Rs 18.47 crore to the bid process coordinator, PFC Consulting, for Neemrana II Bareilly Transmission (NIIBTL), the project special purpose vehicle (SPV) to establish transmission system for evacuation of power from Rajasthan REZ Ph-IV (Part-1) (Bikaner Complex): PART-D.

Apollo Hospitals Enterprise: Apollo Home Healthcare, an unlisted subsidiary of the business, had allotted 70,73,518 equity shares to Apollo Hospitals Enterprise and Prathap C Reddy, the company’s promoter, at a price of Rs 22 per share. Following the aforementioned share distribution, the company’s stake in Apollo Home Healthcare has been lowered from 89.69% to 74%.

Kotak Mahindra Bank: The Reserve Bank of India has authorized the nomination of C S Rajan, an Independent Director on Kotak Mahindra Bank’s board, as the bank’s part-time Chairman for two years, beginning January 1, 2024.

Sula Vineyards: The country’s top winemaker reported that 12,000 people visited its wine tourism facilities in Nashik and Bengaluru between December 23 and December 25. December 24th took the top rank with a new single-day maximum income of Rs 85 lakh. It earned Rs 2.28 crore between December 23 and December 25.

Exide Industries: The business has invested Rs 40 crore in the equity shares of Exide Energy Solutions, a wholly-owned subsidiary. With this transaction, the company’s total investment in Exide Energy Solutions now stands at Rs 1,820.01 crore. Following the acquisition of shares, the company’s shareholding percentage in Exide Energy Solutions remains unchanged.

Oil India: Numaligarh Refinery has received the second call (Rs 27.50 per equity share) from the state-owned oil and gas exploration business. Under a rights issue allocation, Numaligarh Refinery has granted 20,03,44,555 partially paid-up equity shares to Oil India. Oil India owns a 69.63% stake in Numaligarh Refinery.

Canara Bank: The public sector lender has granted permission to begin the process of putting its mutual fund unit, Canara Robeco Asset Management Company, on stock markets through an initial public offering (IPO). The listing procedures will be determined in due course.

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