Top 10 stocks for today – 29th January 2024

29 Jan 2024 , 08:53 AM

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

Adani Enterprises:

Joint venture AdaniConnex (ACX) is set to acquire a 100% equity stake in two subsidiaries of Adani Power – Aviceda Infra Park for Rs 190 crore and Innovant Buildwell for Rs 350 crore. The transactions are anticipated to be finalized by March 31, 2024.

Tata Technologies:

Recorded a 14.7% YoY growth in consolidated profit at Rs 170.22 crore for the quarter ended December FY24. Revenue from operations grew by 14.7% to Rs 1,289.5 crore, and in US dollar terms, total operating revenues increased by 13.4% YoY to $154.8 million.

Adani Power:

Achieved a significant increase in consolidated net profit to Rs 2,738 crore for the quarter ended December FY24, compared to Rs 8.8 crore in the previous year. Consolidated revenue from operations grew by 67.3% YoY to Rs 12,991.4 crore, with power sale volume rising 82% YoY to 21.5 billion units (BU) in Q3 FY24.

DLF:

Entered an agreement to purchase bonds at a negotiated consideration of Rs 825 crore from bondholders, assuming rights over a 29-acre land parcel. The identified land, part of the mortgaged land, has an estimated development potential of up to 7.5 million square feet.

HDFC Bank:

Received approval from the Reserve Bank of India (RBI) for Life Insurance Corporation of India to acquire up to 9.99% of HDFC Bank. LIC is advised to complete the acquisition by January 24, 2025.

Mahindra Logistics:

Inaugurated a 1 lakh square foot extension to its existing warehouse in Nashik and announced the development of a new 3 lakh square foot warehousing facility. Expanded overall warehousing footprint to 5 lakh square feet in Nashik, Maharashtra.

State Bank of India:

Removed Religare Finvest’s record reported as fraud from the Central Fraud Registry database. Religare Finvest is awaiting the lifting of the corrective action plan imposed by the RBI in January 2018.

One 97 Communications:

Marshall Wace Investment Strategies (Eureka Fund) acquired 40,89,360 equity shares in Paytm operator at an average price of Rs 753.75 per share. BNP Paribas Arbitrage purchased 42,11,613 equity shares in Paytm at the same price.

Indian Energy Exchange:

Recorded an 18.9% YoY growth in consolidated net profit at Rs 91.8 crore for the October–December period of FY24. Consolidated revenue from operations increased by 15% to Rs 115.3 crore compared to the same period last year.

Indiabulls Housing Finance:

Plutus Wealth Management LLP bought a 1% stake in the housing finance company at an average price of Rs 195.74 per share. Surbhi Investments and Trading Company sold 43,72,900 shares in the company at an average price of Rs 195.88 per share.
 

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