Top 10 stocks for today - 8th September, 2022

8 Sep 2022 , 08:00 AM

On the Singapore Exchange, Nifty futures traded 99 points, or 0.56%, higher at 17,729.5, indicating that stock markets may have a good start on Thursday. The following 10 stocks may see significant price movement today. 

1. InterGlobe Aviation:

The family of IndiGo co-founder Rakesh Gangwal is attempting to seal a block deal for 2.8% stake in the low-cost airline. About 10.8 million shares belonging to the Gangwal family have been put up for sale for Rs1,996 crore.

1. TCS: 

The producer of telecom equipment Nokia has chosen the leading IT company to rebuild its employee management system throughout its 130 operational countries.

1. Tata Power:

The electricity division of the Tata group claimed to have installed over 450 e-vehicle charging stations along more than 350 national highways, including one at the longest (NH 44) and another at the busiest (NH 19).

1. Zydus Lifesciences:

The pharmaceutical company’s Phase 2 clinical investigation of the NLRP3 inhibitor ZYIL1 in patients with cryopyrin-associated periodic syndrome showed favorable proof-of-concept (CAPS).

1. Aditya Birla Fashion and Retail:

The apparel retailer claimed that the market regulator SEBI has exempted it from listing shares worth Rs2,195 crore that have been allotted to a foreign portfolio investor, Caladium Investment Pte.

1. Zee Entertainment Enterprises:

The media giant has been ordered by the National Company Law Tribunal to call a shareholder meeting to seek approval for its intended merger with Culver Max Entertainment, formerly Sony Pictures Network.

1. Concord Drugs:

The microcap pharmaceutical company announced that its board of directors had approved the purchase of up to 100% ownership in Proton Remedies at a price of Rs283 per share on a cash basis.

1. Salasar Techno Engineering:

The construction and engineering company announced that its board has approved a plan to issue equity shares to eligible institutional buyers in order to raise about Rs82 crore. The plan was accepted by the company’s board’s fund-raising committee.

1. Bank of Maharashtra:

The government-owned lender claimed to have raised Rs710 crore through bonds, to finance the company’s expansion. The money was raised by selling Rs710 crore worth of Additional Tier 1 (AT1) bonds that complied with Basel III at an 8.74% coupon rate.

1. Sterlite Power:

Transmission Lines in Gujrat have been put into service by Sterlite Power’s Mumbai Urja Marg Transmission Ltd
 
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