Top 10 stocks for today – 7th December 2023

7 Dec 2023 , 08:51 AM

Mahindra & Mahindra: Starting in January of next year, M&M will raise the pricing of its passenger and commercial vehicle models. The corporation stated in a statement that this modification is in reaction to growing costs due to inflation and increased commodity prices.

IDFC First Bank: Madhivanan Balakrishnan has resigned as the bank’s Executive Director and Key Managerial Personnel, effective December 6. The board members agreed that the bank would assess an internal applicant for the position of full-time director (executive director).

Adani Ports & SEZ: The Adani Group firm announced that its Board of Directors would meet on December 12 to evaluate the issue of non-convertible debentures and the issuance or renewal of non-cumulative redeemable preference shares in one or more tranches on a private placement or preferential basis.

One 97 Communications: In collaboration with big banks and NBFCs, the Paytm operator will extend its operations to offer higher-ticket personal and merchant loans to lower-risk and high-credit-worth clients. The company has rebalanced its portfolio origination of less than Rs 50,000, which is mostly the postpaid loan product, and it will now account for a lesser portion of its loan distribution business in the future.

Dr Reddy’s Laboratories: Dr Reddy’s Laboratories SA and Coya Therapeutics Inc. have signed a development and licensing agreement for COYA 302, an experimental combination medication for the treatment of Amyotrophic Lateral Sclerosis (ALS).

RITES: The state-owned transport infrastructure consultancy and engineering business has signed an agreement with the Meghalaya Industrial Development Corporation (MIDC) to build multi-modal logistics projects in the state.

Bharat Electronics: The Indian Army has given the state-owned defense company a Rs 580 crore contract for radar AMC. Since the last statement on September 15, 2023, it has also received further orders worth Rs 3,335 crore. In all, BEL has received orders of Rs 18,298 crore in FY24.

TV18 Broadcast: Network18 Media & Investments and TV18 Broadcast have announced an amalgamation scheme. TV18 and e-Eighteen.com (E18, which owns and administers the Moneycontrol website and app) would combine with Network18, according to the plan. TV18 Broadcast shareholders will get 100 shares of Network18 for every 172 shares held in TV18, while E18 holders will receive 19 shares of Network18 for every 1 share held in E18.

Hindustan Construction Company: The business has engaged in a deed of conveyance with Oak and Stone Construction for the sale of its land covering 2,35,870 square meters in Panvel, Raigad, Maharashtra, for Rs 95 crore.

Brigade Enterprises: The Bengaluru-based business has signed a Joint Development Agreement with the landowner to build a premium ‘A Grade’ office space in Bengaluru’s Central Business District (CBD). The project would have a buildable area of around 0.20 million square feet and a gross development value (GDV) of approximately Rs 500 crore.

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