Top 10 stocks for today – 2nd September 2024

2 Sep 2024 , 09:05 AM

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

Oil India: OIL has inked hook-up agreements with Indra Dhanus Gas Grid (IGGL) to improve energy infrastructure in the Northeast.

MOIL: The state-owned corporation has decreased the cost of ferro-grade manganese ores with manganese content of Mn-44% or higher by 20% for September. It has also reduced rates by 15% for all other ferro grades of manganese ore with manganese content less than Mn-44%, as well as all SMGR (Mn-30% and Mn-25%), fines, and chemical grades.

Hindustan Petroleum Corporation: Pushp Kumar Joshi retired as Chairman and Managing Director on September 1 and no longer serves as a director. The Ministry of Petroleum and Natural Gas has nominated Rajneesh Narang, the current Director-Finance, as interim Chairman and Managing Director for three months beginning September 1.

NBCC India: The Board of Directors has approved a bonus issuance of one share for every two equity shares owned. The record date for the bonus issue is October 7.

Wipro: Following Harmeet Chauhan’s resignation, the company hired Srikumar Rao as Global Head of its Engineering Edge Business Line, effective October 5. Srikumar will report to Srini Pallia.

Biocon: The USFDA has approved Daptomycin injectable and Sacubitril/Valsartan tablets for the subsidiary Biocon Pharma. Additionally, Biocon’s greenfield API plant in Visakhapatnam has been granted an Establishment Inspection Report (EIR) by the US FDA, enabling it to start selling commercial supplies to the US market.

HDFC AMC: Between July 1 and August 29, Life Insurance Corporation of India decreased its ownership of 2.91% in HDFC AMC to 2.88%.

DCM Shriram: Life Insurance Corporation of India reduced its ownership of the business from 8.58% on November 21, 2007, to 6.43% on August 29, 2024.

GPT Infraprojects: A road over bridge connecting Andul-Sankrail and Nalpur-Bauria stations is to be built, and GPT has been chosen the lowest bidder for the Rs 204 crore project from CAO Construction, South Eastern Railway.

Gujarat Gas: A plan of arrangement and amalgamation that will combine Gujarat State Petronet (GSPL), Gujarat State Petroleum Corporation (GSPC), and GSPC Energy (GEL) into GGL has been accepted by the board. The plan also calls for the demerger of GGL’s gas transmission division, which will go by the name GSPL Transmission Limited (GTL) and be listed separately.

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