Top 10 stocks for today – 6th September, 2024

6 Sep 2024 , 09:24 AM

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

Wipro: JFK International Air Terminal (JFKIAT), the operator of Terminal 4 at John F Kennedy International Airport, has recruited the IT services provider to help it achieve its sustainability goals. The agreement seeks to lower the terminal’s Scope 1 and 2 greenhouse gas emissions by 50% by 2030, so contributing to JFKIAT’s goal of reaching net zero emissions in 2050.

Ashoka Buildcon: The infrastructure company’s wholly-owned subsidiary sold land in Hinjewadi, Pune, for ₹453 Crore.

Sundaram Clayton: The auto component maker has announced the start of commercial production of aluminium die castings at its newly commissioned facility in the SIPCOT industrial area in Tiruvallur district, Tamil Nadu. In its initial phase, the mill can produce 7,750 tonnes of aluminium dye castings per year.

Jindal Stainless: The country’s largest stainless steel manufacturer announced that it has supplied stainless steel for the Vande Bharat sleeper carriages, a prototype of which was recently displayed by the Minister of Railways. The company stated that it delivered high-strength tempered 301LN grade austenitic stainless steel for this renowned government project.

Finolex Cables: Nikhil Naik, chairman of India’s largest manufacturer of electrical and telecom cables, announced his resignation. Ratnakar Barve has been selected as the board’s new chairman.

Udayshivakumar Infra: In a joint venture with KMC Construction Ltd (KMCCL), the company won the lowest bid (L1) for three major National Highway projects in Karnataka for ₹1,057.3 Crore. The projects, granted through the Engineering, Procurement, and Construction (EPC) system, include road widening and shoulder paving.

Venus Pipes: Stainless steel pipes and tubes producers reported that the Directorate of Revenue Intelligence (DRI) performed a search of the company’s registration and corporate offices, which was completed on September 5, 2024. The search was conducted under the Customs Act of 1962 in connection with the alleged evasion of customs duties on imported items.

Indigo Paints: Peak XV Partners has launched a block sale to sell its 11% investment in the Pune-based company, according to persons familiar with the matter. According to sources, the offer price for the shares is ₹1,470 a share, which is 4.6% lower than the current market price.

Adani Enterprises: The business has announced the early closing of its public issue of secured, graded, listed, redeemable non-convertible debentures (NCDs) worth about ₹800 Crore. The issuance was originally scheduled to close on September 17, 2024, but will instead close on Friday, September 6, 2024.

Nucleus Software: On Thursday, Nucleus Software announced a share buyback worth ₹72.35 Crore to repurchase about 4.5 equity shares, or 1.7% of its entire equity capital. The buyback price is ₹1,615 per share, over 20% more than Thursday’s closing price of ₹1,347.05.

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