Top 10 stocks for today

24 Jun 2022 , 08:22 AM

Here are the stocks with major news that have the potential to move the markets on Friday.

1. Hero MotoCorp:

Beginning on July 1, Hero MotoCorp will raise the price of motorcycles and scooters. The business is set to raise the ex-showroom prices of its bikes and scooters to partially offset the inflationary trend in input costs. The price revision can be as high as Rs3,000 on certain models. The unique model and market will determine the precise amount of increase.

1. ONGC:

New oil discovery in Colombia is announced by the ONGC arm. Oil has been discovered in the recently drilled well Urraca-IX in the CPO-5 block of Colombia’s Llanos Basin by ONGC Videsh, the Oil and Natural Gas Corporation’s fully owned subsidiary and international arm. The block’s Mariposa and Indico fields, which are currently producing 20,000 barrels per day commercially, are where ONGC Videsh first discovered commercial oil in the Lower Sand pay in 2017 and 2018, respectively.

1. Century Plyboards:

Additional investments are made by Century Plyboards in its subsidiary Century Panels. By purchasing 2.09 crore shares through a rights issue, the business has added Rs20.95 crore in new capital to its fully owned Century Panels.

1. DCM Shriram:

For a wind-solar hybrid renewable energy project, DCM Shriram would invest Rs65 crore in a special purpose vehicle (SPV). The project will be a wind-solar hybrid renewable energy project, and the business told exchanges that the board has approved an investment of up to Rs 65 crore for a minimum 26% equity ownership in an SPV. In order to maximize the circular economy and create value from by-products, it will also invest up to Rs57.10 crore to produce sulphate of potash (K2SO4) at the sugar facility in Hariyawan, Uttar Pradesh, with a capacity of 4,600 TPA.

1. Thermax:

Thermax arm acquires two businesses in the field of renewable energy. Jalansar Wind Energy and Kanakal Wind Energy, two businesses that subsidiary First Energy has purchased, will become completely owned step-down subsidiaries of Thermax. Both businesses are involved in the field of renewable energy.

1. Jammu & Kashmir Bank:

On June 28, Jammu & Kashmir Bank may consider holding a fundraiser. The board will meet on June 28 to discuss raising capital (Tier I/Tier II) during the fiscal year 2022—2023, the bank announced.

1. Cigniti Technologies:

On June 29, Cigniti Technologies will consider ending the share repurchase program. The company announced that on June 29, the board of directors will meet to discuss ending the buyback of company shares.

1. Suyog Telematics:

4.02 lakh shares in Suyog Telematics are sold by Nariman Investment Holdings. On June 22, Nariman Investment Holdings sold 4,02 lakh of the company’s shares through open market transactions. As a result, its ownership has dropped from 22.89% to 19.05%. Ketan Mohanlal Kakrecha purchased 1.5 lakh shares at an average cost of Rs347.81 from the shares that were sold.

1. Macrotech Developers:

Macrotech Developers which sells flats under the brand name Lodha has entered the housing markets in Bengaluru, expecting Rs1200 crore from the first project.

1. HUL:

Comments from chairman Nitin Paranjpe in its AGM imply that demand for HUL products has reduced at least temporarily. He claimed the tough economic situation and rising packaging and transportation costs as key factors for price hikes.