Top 10 stocks for today

23 Jun 2022 , 08:01 AM

Here are the stocks that have major news and can potentially move the markets on today’s expiry day.

1. DCB Bank:

New CFO appointed by DCB Bank. After Bharat Laxmidas Sampat retired from the role, the private sector lender hired Satish Gundewar as its Chief Financial Officer and Key Managerial Personnel.

1. Vodafone Idea:

Vodafone Idea will ask the promoter for up to Rs436.21 crore in funding. The telecom provider announced that the board had given the go-ahead to raise money from promoter Euro Pacific on a preferential basis up to the amount of Rs436.21 crore. In order to get shareholder approval for the preferential issuance, the board has also authorized calling an Extraordinary General Meeting of the firm on July 15.

1. Bajaj Auto:

On June 27, Bajaj Auto will decide whether to explore a share repurchase. The automaker informed exchanges that the board of directors will be meeting on June 27 to continue discussing the proposal for the buyback of company shares.

1. IRB Infrastructure Developers:

IRB Infrastructure receives an Rs308 crore arbitral award. IRB Pathankot Amritsar Toll Road Ltd, a special purpose company of IRB InvIT Fund, paid IRB Infrastructure 75% of the arbitration award of Rs419 crore. The National Highways Authority of India has been ordered to give the corporation access to 75% of the arbitration award sum, or Rs308 crore after the court supported the arbitral tribunal’s ruling. For the Pathankot Amritsar BOT (build, operate, transfer) project, IRB Infrastructure served as the engineering, procurement, and construction contractor.

1. BPCL:

Bharat Oman Refineries will merge with BPCL with approval from the MCA. The Ministry of Corporate Affairs has given BPCL permission to combine Bharat Oman Refineries with itself. The amalgamation plan will become effective when a copy of the ministry’s decision is filed with the local registrar of companies.

1. ITC:

According to the business’s shareholder notice for the next annual general meeting, the Kolkata-based company, which has been exporting unmanufactured or raw tobacco to British American Tobacco (BAT), stated it might supply ship it for a value of roughly Rs1990 crore in 2022—23. (AGM).

1. Usha Martin:

Promoter sells 1.5 lakh Usha Martin shares. From June 20—21, promoter Peterhouse Investments sold 1.5 lakh of the company’s shares through open market transactions. With this, its ownership of the company falls from 1.91% to 1.86%.

1. Imagicaaworld Entertainment:

Debt resolution is completed by Imagicaaworld Entertainment. The company effectively resolved its debt, and the board of directors has accepted new promoters. As part of the resolution plan approved by lenders under the RBI Prudential Framework, the board has approved the preferential issue of shares and 0.01% redeemable non-convertible preference shares.

1. DHFL:

CBI has booked former CMD and director in an Rs34,615 crore fraud case.

1. GPT Infraprojects:

GPT Infraprojects wins order worth Rs292 crore. For the East Coast Railway’s Khurda Road – Bolangir New B G connection project, the company has received an order worth Rs292 crore for the construction of viaducts, significant bridges, ROBs, the supply of vehicles, site facilities, and other related works. Joint venture agreement for this contract.