Top 10 stocks for today – 6th September 2023

6 Sep 2023 , 08:30 AM

Jio Financial Services: JFS will be pulled from the NSE Indices, including the Nifty50, on September 7, after failing to hit the price band on two consecutive trading days on September 4 and September 5 on the NSE. Even if Jio Financial Services enters the price band on September 6, the exclusion will not be delayed any further, according to the exchange. The stock will also be removed from the Nifty 100, Nifty 200, Nifty 500, Nifty Energy, Nifty India Manufacturing, and 13 other indices, in addition to the Nifty50.

NBCC (India): The state-owned construction company has inked a deal with the Kerala State Housing Board to develop 17.9 acres of the board’s land parcel in Kochi. The project is worth Rs 2,000 crore.

HDFC AMC: Amaresh Jena, the asset management firm’s marketing head, has resigned effective September 8. He cited unavoidable personal circumstances and exigencies as the reasons for his decision to step down.

Power Grid Corporation: The state-owned company has won the inter-state transmission system project in Rajasthan on a build, own, operate, and transfer (BOOT) basis. Under Phase-III Part H, it will construct the transmission system for the evacuation of power from Rajasthan’s REZ (20 GW).

Vedanta: The Zambian government has decided to return control of Konkola Copper Mines (KCM) to billionaire Anil Agarwal’s Vedanta Resources. Konkola Copper Mines’ holdings include 16 million tonnes of contained copper.

Bikaji Foods International: Lighthouse India Fund III sold 32.42 lakh equity shares, or 1.3% of the company, through open market transactions at an average price of Rs 480 per share. Lighthouse India, a foreign firm, owned 2.7% of Bikaji as of June 2023. Plutus Wealth Management LLP, on the other hand, has purchased 13.5 lakh shares in the firm at an average price of Rs 480.11 per share.

Safari Industries: SBI Life Insurance Company purchased 2.05 lakh shares in the luggage and baggage accessories manufacturer in open market transactions for Rs 77.38 crore at an average price of Rs 3,775 per share. Investcorp Private Equity Fund II, which held 1.22% or 2.88 lakh shares in Safari as of June 2023, sold 2.14 lakh shares at an average price of Rs 3,775.06 per share.

Federal Bank: The board of directors has authorized the nomination of Elias George as an Additional Director (Independent) of the bank for a five-year term beginning September 5, subject to shareholder approval.

GAIL: The CBI has arrested a GAIL Executive Director in connection with an alleged Rs 50 lakh bribery scheme in which money was exchanged to favor certain contractors in gas pipeline projects.

Hinduja Global: Hinduja Global Solutions (HGS) announced a strategic relationship with the Government Digital Service (GDS) in the United Kingdom to provide GOV.UK One Login users with contact center support.

Patel Engineering: Patel Engineering Limited (PEL) announced a Rs 1,275.30 crore deal in Madhya Pradesh for its joint venture.

For feedback and suggestions, write to us at [e-mail]