Top 10 stocks for today - 6th November, 2022

6 Sep 2022 , 07:58 AM

Here are the top 10 stocks with major news in them that may move the markets today:

1. Tata Motors:

Tata Motors, the largest manufacturer of commercial vehicles in India, debuted five CNG-powered Medium & Heavy Commercial Vehicle (M&HCV) trucks on Monday in the 28 and 19-tonne nodes.

1. Marksans Pharma:

500,000 of 7% redeemable cumulative preference shares with a face value of 100 rupees each have been fully redeemed by the firm. As a result, as of September 5 there is no issued and paid-up preference share capital.

1. Delhivery:

On September 1, SBI Mutual Fund purchased more than 1.07 lakh equity shares in the business through open market transactions. As a result, its ownership in the company rose from 4.98% to 5%.

1. Bank of Maharashtra:

A credit outreach program was organized by the Bank of Maharashtra (BoM), and as a result, loans totalling roughly Rs1,000 crore have been approved.

1. HDFC Bank:

The Reserve Bank has chosen HDFC Bank and Precision Biometric India to test their “on tap” retail payment solutions under the regulatory sandbox program, the central bank announced on Monday.

1. Aditya Birla Fashion & Retail:

According to its chairman Kumar Mangalam Birla on Monday, Aditya Birla Fashion and Retail Ltd is optimistic about strengthening its market position further and exceeding the expected revenue of Rs21,000 crore by 2026.

1. DCW:

Out of 35,000 NCDs, the corporation has paid for the early partial redemption of 900 NCDs with a face value of Rs1 lakh apiece.

1. Reliance Power:

The global alternative investment firm Varde Partners and Reliance Power Ltd (RPL) have signed an indicative memorandum of understanding to raise up to Rs1,200 crore ($150 million) in debt financing for the settlement and discharge, purchase, or restructuring of specific financial debt of the company.

1. NTPC:

The 600 MW Jhabua Power Plant will be purchased by the state-owned energy firm NTPC for Rs925 crore, marking the transaction’s first through insolvency proceedings.

1. Tata Steel:

The steelmaker’s ability to recoup its margins after a difficult first two quarters of this fiscal year may be hampered by the rising cost of coking coal, a crucial input for the production of steel.
 
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