Top 10 stocks for today

19 Aug 2022 , 08:13 AM

The Singapore Exchange’s Nifty futures traded 45.5 points, or 0.25%, lower at 17,958.5, indicating that the stock markets may have a bad start to the day on Friday. The following 10 stocks may be the most popular ones in today’s market:

1. Wipro:

A multi-year contract for the provision of Service Integration and Management (SIAM) services to HM Treasury (HMT) has been awarded to the IT giant. To allow end-to-end SIAM services, including strategy, design, implementation, and running services as usual, Wipro and HMT will work together.

1. JSW Steel, JSW Ispat:

The plan to combine Creixent Special Steels and JSW Ispat into JSW Steel was approved by fair trade regulator Competition Commission of India (CCI). JSW Steel made the merger announcement in May.

1. Reliance, ONGC:

The administration reduced the tax on domestically produced crude oil to keep pace with softening prices while raising the export on diesel exports to Rs7 per litre and reintroduced a tax on jet fuel exports.

1. Inox Leisure:

The Consumer Unity & Trust Society (CUTS), a non-profit organisation, has filed a complaint against the proposed merger agreement between multiplex operators PVR and INOX Leisure, claiming that the transaction will have anti-competitive impacts on the movie theatre business. The CCI has been contacted by CUTS to look into the situation.

1. Tata Power:

The utility division of the Tata Group, Tata Power Renewable Energy, reported raising about Rs2,000 crore by issuing 8.36 crore equity shares to GreenForest New Energies Bidco, which is backed by BlackRock.

1. Max Healthcare Institute:

On August 16, HDFC Asset Management Company(AMC) purchased a 0.4% equity share in the business through open market transactions. As a result, it now holds 5.18% more shares in the firm than it did earlier (up from 4.78%).

1. JK Tyres & Industries:

The tyre manufacturer expressed optimism about demand growth in the current fiscal year and said it has raised prices by 6-7% and is considering another rise to lessen the strain from rising raw material costs. It stated that EBITA has begun to improve and is probably going to get better in the upcoming quarters.

1. Metropolis Healthcare:

The company’s chief executive officer, Vijender Singh, has resigned. The business has agreed to relieve him of his CEO duties as of the end of business on August 17.

1. Strides Pharma Science:

The pharmaceutical company said that generic naproxen sodium soft gel capsules, used to treat pain or inflammation, have been approved by the US health regulator for sale by its wholly owned subsidiary, Strides Pharma Global. The US Food & Drug Administration (USFDA) has given its approval for naproxen sodium soft gel capsules with a 220 mg dosage.

1. Embassy Office Parks RIET:

According to the bulk deal data available with BSE, American Balanced Fund sold 2,92,62,468 shares of the real estate investment trust at an average price of Rs357.61 per share for Rs1,046.45 crore through an open market transaction. The company’s shares were purchased by ICICI Prudential Mutual Fund.