Top 10 stocks for today – 30th August 2023

30 Aug 2023 , 08:35 AM

Lupin: Propranolol LA (long-acting) capsules in 60 mg, 80 mg, 120 mg, and 160 mg strengths have been released in Canada by Lupin Pharma Canada subsidiary. Propranolol LA is the generic name for Inderal LA, a medication used to treat cardiac issues, anxiety, and migraines.

Suzlon Energy: In May 2018, the wind and solar energy solutions company won a 285 MW wind power project in Kutch, Gujarat, under the SECI 4 bid from Avikiran Solar India. The partners have chosen to limit the project to 168 MW due to the disastrous impact of the COVID-19 worldwide pandemic and the resulting interruption of the global supply chain.

Zomato: SoftBank Vision Fund (SVF Global) is expected to sell a 1.17% interest in food delivery firm Zomato in a block sale for Rs 940 crore, according to CNBC TV-18, citing sources. According to the sources, SVF Growth Fund will sell a total of 10 crore shares at a price of Rs 94 per share. As of June 2023, Svf Growth (Singapore) Pte Ltd owned 3.35% of Zomato.

APL Apollo Tubes: Rahul Gupta, the company’s promoter, quit the structural steel tubes business by selling his investment of 15.01 lakh shares, or 0.54%, in open market transactions at an average price of Rs 1,621.46 per share. The stake sale was Rs 243.38 crore.

Mahindra Lifespace Developers: Krity Sharma has resigned as the company’s Chief People Officer, Human Resources (senior management staff) to pursue personal interests outside the organization. Krity Sharma resigned on October 26 with immediate effect.

Central Bank of India: To provide MSME and housing loans, the public sector lender has formed a strategic co-lending collaboration with IKF Housing Finance. IKF Home Finance manages assets worth Rs 696.10 crore through activities in six states. In addition, the Central Bank of India has formed a strategic co-lending collaboration with Samunnati Financial Intermediation & Services to provide farm and MSME loans.

State Bank of India: The Competent Authority has approved SBI Funds Management’s establishment of a wholly owned subsidiary at IFSC Gift City in Gandhinagar, pending to receipt of all regulatory permissions.

Minda Corporation: It announced that Minda Europe BV, Netherlands, a wholly owned non-operative subsidiary, has been closed voluntarily. Minda Europe BV is not a substantial subsidiary of Minda Corporation and hence, has no impact on the company’s consolidated financials.

Maruti Suzuki: Maruti Suzuki, the country’s largest automaker, plans to invest over Rs 45,000 crore to increase production capacity to four million vehicles per year by the end of ten years.

ONGC: In order to attain its 2038 net-zero carbon emissions target, ONGC aims to invest Rs 2 trillion ($24.17 billion) in renewable energy projects.

For feedback and suggestions, write to us at [e-mail]