Top 10 stocks for today – 4th January 2024

4 Jan 2024 , 08:49 AM

Here are some of the stocks that may see significant price movement today.

Jio Financial Services: Jio Financial and BlackRock Financial Management have filed documents with the Securities and Exchange Board of India (SEBI) to begin mutual fund companies in India. The in-principle permission is being considered by SEBI, since the businesses filed their applications as joint ventures on October 19 and revealed the updated list of mutual fund applications as of December 31.

Adani Ports & SEZ: The Adani Group firm announced that its board of directors has approved the issuance of up to Rs 5,000 crore in non-convertible debentures (NCDs) in one or more tranches. Furthermore, owing to internal reorganisation, the board has approved the re-designation of Gautam S Adani, the company’s chairman and managing director, as executive chairman, and Karan Adani, the company’s whole-time director and CEO, as managing director, with effect from January 4. 

Maruti Suzuki India: Suzuki Motor Gujarat (SMG), a wholly-owned division of Maruti Suzuki, has obtained an adjudication order from the Gujarat GST Department for the period July 2017 to August 2022. In the subject of tax due under a reverse charge basis on some services, the Gujarat GST Authority upheld the tax demand of Rs 173.9 crore, levying interest and imposing a penalty of Rs 17.4 crore.

Tech Mahindra: With effect from January 3, the business has named Richard Lobo as its chief people officer, and he is recognized as a senior management staff. Outgoing CPO Harshvardhan Soin will continue to be recognized as senior management personnel and will take over as president for Asia Pacific and Japan on January 3.

Zomato: Gastronauci SP ZOO, a Polish subsidiary of the food delivery business, began the liquidation process on January 2. Gastronauci is not a substantial subsidiary of the corporation and does not have any active commercial operations. Furthermore, the dissolution of Gastronauci will have no effect on the company’s income.

Larsen & Toubro: Following the satisfaction of usual conditions precedent, as stipulated under the Share Purchase Agreement, the infrastructure giant has finalised the sale of its entire holding in L&T Infrastructure Engineering to STUP Consultants. As a result, L&T Infrastructure Engineering is no longer a part of the firm.

Life Insurance Corporation of India: According to LIC, the GST authorities in Tamil Nadu, Uttarakhand, and Gujarat have issued a demand for Rs 667.5 crore in GST, interest, and penalties. Within the timeframes specified, the corporation shall submit an appeal with the Commissioner (Appeals) in Chennai, Dehradun, and Ahmedabad, respectively, against the aforementioned orders.

Bharti Airtel: The telecom operator has 32.85% of the cellular subscriber base, gaining 3.52 lakh subscribers in October 2023 compared to 13.2 lakh members added the previous month. As of October 2023, private access service providers held 91.75% of wireless users, while BSNL and MTNL, the two PSU access service providers, held just 8.25%.

Vodafone Idea: The telecom provider with a 19.59% market share lost 20.4 lakh members in October 2023, compared to 7.5 lakh consumers lost in September 2023. 

Reliance Industries: Reliance Jio, with a 39.30% market share in cellular subscriber base, added 31.59 lakh members in October 2023, compared to 34.75 lakh people added the previous month.

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