Top 10 stocks for today

20 Jun 2022 , 08:05 AM

Check out these companies that have major news and can move the markets

1. Wipro:

Topcoder, a Wipro firm, has appointed a new CEO. Doug Hanson has been named Chief Executive Officer of Topcoder (CEO). Doug will be accountable for the success of Topcoder, its clients, and partners in his new worldwide role, according to the company.

1. Cipla:

Cipla will purchase a 21% share in Achira Labs. The pharmaceutical giant has agreed to buy a 21.05% ownership in Achira Labs, which will manufacture affordable and innovative medical kits in India. The purchase price is Rs25 crore.

1. Engineers India:

Engineers India has been selected to provide advisory services for three projects. Three independent projects in the fields of specialized chemicals, sunrise, and infrastructure have been awarded to the company. It would supply advisory services, with an expected order value of Rs 80 crore for these projects.

1. ICICI Bank:

The baseline credit assessments of ICICI Bank have been improved by Moody’s Investors Service, showing improvements in credit fundamentals, particularly asset quality. The baseline credit assessments (BCAs) have been upgraded to baa3 from baa1 by the global rating agency.

1. Axis Bank:

Moody’s Investors has also bumped the rating of Axis Bank along with ICICI Bank.

1. Adani Wilmar:

Following the government’s plan to decrease import levies on the commodity, the newly listed FMCG firm has slashed the pricing of its edible oils by Rs10.

1. Delhivery:

The integrated logistics company announced the debut of a ‘guaranteed same-day delivery’ service in 15 important locations throughout the country to assist direct-to-consumer (D2C) firms in delivering purchases on the same day. Orders received as late as 3 p.m. will be delivered the same day under the new service.

1. Canara Bank:

The state-owned lender, which saw its net profit more than double in the fiscal year ending March 2022, wants to enhance its bottom line even more by focusing on improvements to retail, major and small enterprises, and digitization.

1. Poonawalla Finorp:

Through open market transactions, two individuals sold their shares in the leading NBFC for Rs120 crore. Sanjay Chamria and Mayank Poddar sold a total of 52.48 lakh shares of Poonawalla Fincorp, according to block deal data. At an average price of Rs229 per share, the shares were sold.

1. Nazara Technologies:

The gaming company backed by Rakesh Jhunjhunwala has decided to make a strategic investment of up to Rs20.1 crore in material subsidiary Absolute Sports by acquiring promoter Porush Jain’s shares and up to Rs10 crore in Brandscale Innovations by subscribing to optionally convertible debentures in one or more tranches.