Top 10 stocks for today – 7th September, 2023

7 Sep 2023 , 09:01 AM

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

Tata Consultancy Services: The country’s largest IT services provider has formed a strategic alliance with JLR’s digital division. TCS will assist JLR in developing a new future-ready, strategic IT architecture to support the Reimagine vision. The new collaboration is worth £ 800 million over the next five years.

Hero MotoCorp: Through a rights sale, the electric car manufacturer raised Rs 900 crore from existing investors Hero MotoCorp and GIC. The funds will be used to develop new products and expand the company’s charging infrastructure and retail network.

Lupin: The pharmaceutical company has established a partnership with Mark Cuban Cost Plus Drug Company and the COPD Foundation, both of which are dedicated to improving the lives of COPD sufferers. This collaboration intends to improve access to healthcare by making Tiotropium Bromide Inhalation powder, 18 mcg/capsule, available to COPD (chronic obstructive pulmonary disease) patients in the United States.

Reliance Industries: Reliance Retail Ventures’ subsidiary has signed a joint venture agreement with Alia Bhatt’s kids and maternity-wear business, Ed-a-Mamma, for a 51% share. Furthermore, the subsidiary received Rs 8,278 crore in subscription fees from Qatar Holding LLC (QIA) and issued 6,86,35,010 equity shares to QIA.

Biocon: Subsidiary Biocon Biologics completed the integration of Viatris’ acquired biosimilar business in North America on September 1. Biocon Biologics recently purchased the global biosimilars business of its long-term partner Viatris for strengthening its leadership in the global biosimilars industry and delivering complete end-to-end capabilities to patients and consumers.

AU Small Finance Bank: The bank has signed bancassurance agreements with Star Health and Allied Insurance Company to provide health insurance solutions to its clients, and with Bajaj Allianz Life Insurance Company to provide life insurance solutions to its consumers.

Tata Consumer Products: Tata Consumer is in talks to buy at least a 51% interest in Haldiram’s, according to a note given to markets on the Reuters news. The company stated that they are not in talks for a stake in Haldiram, and Haldiram likewise refuted allegations of a stake sale, stating that they are not in contact with Tata Consumer.

Shriram Finance: Small Cap World Fund Inc sold 20.26 lakh shares in the non-banking finance firm for Rs 380.96 crore at an average price of Rs 1,880.28 per share, while New World Fund Inc sold 26.77 lakh shares for Rs 503.47 crore at the same average price.

Solara Active Pharma: Spiracca Ventures LLP increased its position in the pharma company by 7.36 lakh shares, or 2.04%, at an average price of Rs 367.46 per share. However, promoter Karuna Business Solutions LLP was the seller in the block deal, despite controlling 2.34% of the firm as of June 2023.

Paytm: According to reports, Paytm is abandoning plans to launch an insurance business. The company will solely focus on payment and credit distribution.

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