Top 10 stocks for today – 4th September 2024

4 Sep 2024 , 09:16 AM

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

GIC Re: On Wednesday, the Indian government plans to make an offer to sell its stake in the General Insurance Corporation of India (GIC Re). The projected dilution will result in the government reducing its ownership by under 7%, the first such reduction since GIC Re’s first public offering (IPO).

GSK Pharma: The global healthcare company annouced that it has received an income tax refund of ₹222.23 crore for the assessment year 2022-23.

Godfrey Philips: According to sources, Godfrey Phillips has signed a term sheet with start-up New Shop to sell its retail business 24Seven. Reports gathered that after signing the deal sheet, the two parties intend to conclude the transaction by the end of September.

Indian Energy Exchange: The company had tremendous growth in August 2024, with a total volume of 12,040 million units (MU), a 35.8% year-on-year rise. The electrical volume alone reached 9,914 MU, representing a 17.1% YoY increase. A major highlight was the renewable energy certificate (REC) sector, which increased by 737.4% year on year to 2,116 MU.

Zydus Lifesciences: The drug company gave some clarification after receiving a warning notice from the US FDA regarding its injectable production facility in Jarod, Gujarat. The letter, received on August 30, 2024, identifies issues about current good manufacturing standards (cGMP), which the corporation is already addressing.

KIMS: The hospital network has stated that the record date for its 5-for-1 stock split will be Friday, September 13, 2024. Shareholders who own equity shares as of the record date will be eligible for the split, with the new shares ranking pari passu in all respects.

AU Small Finance Bank: The bank stated that it has formally submitted an application to the Reserve Bank of India (RBI) for clearance to shift from a small finance bank to a universal bank. On April 26, 2024, the RBI requested applications from small financing institutions with a minimum net value of ₹1,000 crore to become regular or universal banks.

PDS: The corporation said that its business operations in Bangladesh had resumed following recent disruptions in the region. The company’s activities were briefly disrupted last month, but reports indicate that all facilities and partner factories have subsequently recovered full functionality.

Zee Entertainment: The Ministry of Corporate Affairs, Office of the Registrar of Companies (ROC) in Mumbai has approved the company’s request for an extension to convene its 42nd Annual General Meeting (AGM) for the previous financial year ended March 31, 2024.

Hitachi Energy: The corporation received a tax demand of ₹46.29 crore from an audit undertaken by the Assistant Commissioner of Commercial Taxes (Audit). The demand totals ₹24.41 crore in GST, ₹19.43 crore in interest, and ₹2.44 crore in penalties.

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