Top 10 stocks for today – 31st August 2023

31 Aug 2023 , 07:36 AM

Mahindra Logistics: With effect from September 1, the logistics company’s board of directors has approved the appointment of Saurabh Taneja as Chief Financial Officer and key managerial employees. With effect from October 1, the board also nominated Ashay Shah as Senior Management Personnel and Head of LMD & Strategy of the company.

Rail Vikas Nigam: The state-owned railway corporation was the lowest bidder (L1) for Maharashtra Metro Rail Corporation projects worth Rs 256.2 crore. The improvements will be completed in 30 months.

BHEL: Through international competitive bidding, BHEL won an order from NTPC to build the 2×800 MW supercritical thermal power project stage-II at Lara in Chhattisgarh.

Zomato: SVF Growth (Singapore) Pte Ltd, a subsidiary of Japanese conglomerate SoftBank, has sold 10 crore equity shares in the food delivery business in an open market transaction at an average price of Rs 94.7 per share. The stake sale cost Rs 947 crore, and SVF’s ownership in the company was at 3.35 percent, or 28.71 crore shares, as of June 2023.

Sula Vineyard: Verlinvest Asia Pte Ltd intends to sell up to 12.56% of its stake in the country’s largest winemaker in a block sale. The block size might be Rs 539.2 crore, with shares priced between Rs 473-508.70 per share. As of June 2023, Verlinvest Asia Pte owned a 20.91% stake in Sula Vineyard.

Spandana Sphoorty Financial: Max Life Insurance Company Limited – High Growth Fund, Max Life Insurance Company A/C PAR, and Kotak Mahindra Life Insurance Company Limited – Classic Opportunities Fund ULIF 033 16 12 09 CLAOPPF picked up 22.77 lakh shares in the microfinance company via open market transactions at an average price of Rs 765 per share.

Zee Entertainment: On Wednesday, Quant Mutual Fund sold 48.1 lakh shares of Zee Entertainment Enterprises in bulk deals.

Ajanta Pharma: The US Food and Drug Administration (US FDA) has granted final permission to the specialty pharmaceutical formulation firm to manufacture Topiramate extended-release capsules in 25 mg, 50 mg, 100 mg, and 200 mg concentrations.

Aeroflex Industries: On August 31, the Mumbai-based metallic flexible flow solution provider will debut on BSE and NSE. The final issue price per share is Rs 108.

Natco Pharma: The pharmaceutical business has made a $2 million strategic investment in Delaware-based ISCA Inc., which had a revenue of $9.3 million in the fiscal year ending in December 2022. The strategic investment in ISCA for a 5.79% ownership is for pest biocontrol. ISCA is in the pest control for agriculture business.

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