Top 10 stocks for today – 29th November 2023

29 Nov 2023 , 08:17 AM

Tata Power Company: Tata Power Renewable Energy, a subsidiary of Tata Power, has obtained a Letter of Award (LOA) from SJVN for the development of a 200 MW firm and dispatchable renewable energy (FDRE) project. The installation of the aforementioned project will offset 9 lakh metric tonnes of CO2 emissions yearly.

GAIL India: Rajeev Kumar Singhal has been appointed Director (Business Development) of GAIL by the Ministry of Petroleum and Natural Gas. Rajeev Kumar Singhal was the executive director of GAIL.

Zomato: Alipay is likely to offload a 3.14% stake in the food delivery giant for Rs 940 crore via a block deal, reported sources. A total of 29.6 crore shares will be sold by Alipay at a price of Rs 111.28 apiece.

Wipro: In conjunction with Amazon Web Services (AWS), the IT services firm has introduced a continuous compliance solution built on Amazon Security Lake. This solution is intended to provide additional capabilities to organizations in order to satisfy regulatory standards.

Bharat Heavy Electricals (BHEL): BHEL and Electricité de France S.A., France (EDF), a French state-owned business, have signed a Memorandum of Cooperation (MoC) to investigate the possibility of increasing the local content of NPCIL’s Jaitapur nuclear power station project (6×1650 MWe).

Siemens: The IT firm’s net profit increased 49.8% year-on-year to Rs 571.6 crore for the fiscal quarter ended September FY23, supported by topline and operations performance. Revenue from operations increased by 24.7% y-o-y to Rs 5,807.7 crore.

Havells India: The consumer durable brand ‘Lloyd’ has been introduced in the Middle East market by the Fast Moving Electrical Goods and Electronics Company. Lloyd has collaborated with TeknoDome, a distribution conglomerate headquartered in Dubai, to provide the needed Middle East coverage and reach.

Aster DM Healthcare: Affinity Holdings, the company’s subsidiary, will pare stake in Aster DM Healthcare FZC to Alpha GCC Holdings. The total amount receivable from the deal is about $1.01 billion, of which $903 million is due at the transaction’s closure, and up to $98.8 million may be collected later, subject to certain dependent events.

Canara Bank: The RBI has approved the state-owned bank’s divestment of its 70% stake in its unlisted subsidiary Canbank Factors. Canara Bank owns 69.14% of its unlisted subsidiary, Canbank Computer Services (CCSL), and intends to take out the remaining owners, Bank of Baroda (BOB) and DBS Bank India (DBIL).

Indian Renewable Energy Development Agency: On November 29, the state-owned financial institution IREDA will float its equity shares on the BSE and NSE. The issuance price is set at Rs 32 per share.

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