Top 10 Stocks for today - 5th September, 2022

5 Sep 2022 , 07:43 AM

Here are the stocks that may see movement in their prices today.

1. Vodafone Idea:

According to an ET report, the company has repaid a short-term loan to the State Bank of India for about Rs2,700 crore to boost the confidence of lenders as it urgently seeks new bank financing to close equipment supply deals for 5G networks.

1. SpiceJet Ltd:

After the company informed exchanges that it has been granted a three-month extension to convene an annual general meeting (AGM), shares of Spicejet will be the subject of attention. A news report states that the company will likely receive Rs225 crore next week as part of the government’s credit guarantee program.

1. ACC:

Through an open market transaction, Morgan Stanley Asia purchased 9.4 lakh shares of ACC Ltd for more than Rs215 crore. Data on bulk transactions made available by the NSE shows that Morgan Stanley Asia purchased shares on average for Rs2,290 each.

1. Suzlon:

Suzlon promoters’ have made additional pledge of 5.24% shares in favor of SBICAP Trustee. 

1. HFCL:

The HFCL board approved raising financing up to Rs650 crores on Friday. These funds will be used to upgrade R&D facilities and build new production facilities to increase capacity under the production-linked incentive (PLI) scheme and design-linked incentive (DLI) scheme.

1. Olectra Greentech:

Assam State Transport Corporation has placed an order for Rs151 crore with Olectra Greentech, a MEIL subsidiary, for 100 electric buses, the firm stated on Friday.

1. GMR Infrastructure:

GMR Infrastructure will issue foreign currency convertible bonds and/or any other security to raise up to Rs6,000 crore. GMR Power and Urban Infra, a different GMR group firm, approved the financing of up to Rs3,000 crore in new capital on Thursday.

1. Hindustan Zinc:

According to the Economic Times, the government intends to sell some or all of its remaining 29.5% share in Hindustan Zinc Ltd (HZL) by November. If the market is favourable and the valuation is fair, the Centre may sell the entirety of its holdings, according to the article.

1. Hinduja Global Solutions Ltd:

The merger of NxtDdigital Ltd. with Hinduja Global Solutions Ltd. has been approved by the company’s shareholders.

1. SBI & HDFC Bank:

According to a report by ET, this week, HDFC Bank and State Bank of India (SBI) want to sell up to Rs10,000 crore in perpetual bonds.

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