Top 10 stocks for today

17 Aug 2022 , 07:47 AM

The Singapore Exchange’s Nifty futures traded 17 points, or 0.10%, higher at 17,873, indicating that the stock market is likely to have a successful start on Wednesday. The following 10 stocks may be the most popular ones in today’s market:

1. Cipla:

The pharmaceutical company announced that Ashish Adukia has been named CFO for global operations. The business relieved interim chief financial officer Dinesh Jain of extra duties. Senior vice president and corporate finance chief Jain will remain in their positions. The USFDA has reportedly started inspecting the Goa plant today, according to the business.

1. NTPC:

The state-owned electricity firm released a tender to solicit term loans from banking institutions in the amount of Rs5,000 crore. The proposals must be filed by August 31 at 1100 hours, according to the document. Banks and FIs must offer loans in multiples of Rs500 crore or at least that amount.

1. SAIL:

According to a company spokesman, the state-owned steel producer will build certain special rails this year that will be used in metro rail projects and high-speed freight lines. It has established a facility at the brand-new Universal Rail Mill (URM) at its Bhilai Steel Plant (BSP) in Chhattisgarh for the manufacturing of head-hardened (HH) rails.

1. HDFC AMC:

According to the bulk deal data from BSE, promoter BRDN Investment Management sold its 5.58% ownership, or 1.19 crore shares in the mutual fund sponsor, for Rs1,935.63 per share, totalling Rs2,303.4 crore.

1. Mahanagar Gas:

Following an increase in the government’s allocation of locally produced natural gas, the city gas distributor reduced the rates of PNG for cooking and CNG for vehicles. PNG has had a price decrease of Rs4 per standard cubic meter to Rs48.50 per SCM while CNG has seen a price decrease of Rs6 per kilogram to Rs80 per kg.

1. Bajaj Hindusthan:

The nation’s largest sugar producer, Bajaj Hindusthan Sugar, has been included in an insolvency petition filed by the government-owned lender SBI. SBI has brought the claim before the Allahabad bench of the National Company Law Tribunal as a financial creditor (NCLT).

1. Bajaj Electricals:

Anuj Poddar was promoted from Executive Director to Managing Director and Chief Executive Officer by the manufacturer of consumer durable goods (CEO). The position of Chairman and Managing Director has been separated by the company, and its patron Shekhar Bajaj will remain as Executive Chairman.

1. Future Enterprises:

The Future Group company announced that Chandrapraksh Toshniwal, a non-executive director, resigned from the board of directors on August 16, 2022, owing to professional and personal obligations. FEL was one of the 19 group companies that were involved in the warehouse, logistics, retail, and wholesale business sectors.

1. Fiberweb India:

The non-woven fabric producer declared a net profit of Rs1.7 crore for the three months that ended on June 30, 2022, which was 53% lower than the profit after tax of Rs3.65 crore in the same three months a year earlier.

1. Future Consumer:

The cash-strapped company has failed to make the required principle and interest payment of Rs51.85 crore on non-convertible debentures. A principle sum of Rs41.12 crore and an interest amount of Rs10.73 crore are included in the default that occurred on August 15, 2022.