Top 10 stocks for today

24 Aug 2022 , 07:48 AM

The Singapore Exchange’s Nifty futures traded 23 points, or 0.13%, lower at 17,585, indicating that the stock markets will begin the day on a down note on Wednesday. The following 10 stocks may be the most popular ones in today’s market:

1. Adani Enterprises:

As part of an ambitious development plan, a wholly owned subsidiary of Gautam Adani’s flagship company announced that it will purchase a majority share in the news channel New Delhi Television Ltd. Now that the option to convert that debt into a 29.18% interest in the channel company had been exercised, the Adani group company has done so.

1. Tata Motors:

The domestic car giant has partnered with Tata Power through a Power Purchase Agreement (PPA) to build a 7.25 Mwp on-site solar project at its commercial vehicle manufacturing facilities in this region. The initiative will be a key step toward expanding the manufacturing facility’s renewable energy portfolio.

1. Hindustan Petroleum:

A project to convert cow dung into compressed biogas at Sanchore in Rajasthan has been unveiled by the state-run oil marketer as part of its efforts to expand its use of green energy. This is the oil major’s first project in its waste-to-energy portfolio, and it calls for using 100 tonnes of cow dung per day at the plant to generate biogas.

1. NTPC:

On Thursday, the publicly traded electricity company will issue non-convertible debentures in a private placement to raise Rs2,000 crore. The funds will be used, among other things, to pay capital expenditures, refinance existing loans, and pursue other general business objectives. It is suggested that the debentures be listed on NSE.

1. New Delhi Television:

With an open offer to purchase an additional 26% of the equity shares, or 1.67 crore shares, for up to Rs492.81 crore at a price of Rs294 per share, the Adani group began their acquisition attempt of NDTV. For the offer made in accordance with Sebi requirements, three Adani group companies have released a public notification.

1. Devyani International:

In an open market transaction, Dunearn Investments (Mauritius), a Temasek Holdings subsidiary, sold 2,63,29,516 shares, or 2.18% of stake in the omnichannel restaurant chain and largest Yum Brands franchisee in India, Devyani International, for Rs482 crore.

1. Chennai Petroleum Corporation:

In order to implement the 9 MMTPA refinery project in the Cauvery basin refinery, at an estimated cost of Rs31,580 crore, the refining company has opted to form a joint venture company with Indian Oil Corp and other seed equity investors. It has board clearance to contribute up to Rs2,570 crore in the JV as equity.

1. Unichem Laboratories:

The pharmaceutical company said that USFDA has given the go-ahead for the sale of its generic carbamazepine tablets, which are classified as anticonvulsant medication. The USFDA has approved the abbreviated new drug application (ANDA) for 200 mg-strength carbamazepine tablets.

1. Hitachi Energy India:

In Doddaballapura, close to Bengaluru, the multinational conglomerate firm opened a new and larger plant for the production of power-grade items. This new manufacturing unit offers power quality solutions to ease India’s energy transition to net-zero.

1. Ugro Capital:

The non-banking finance firm announced that on August 26th its Investment and Borrowing Committee will meet to approve raising money through the issue of non-convertible debentures on a private placement basis.