Top 10 stocks for today – 9th January 2024

9 Jan 2024 , 08:50 AM

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

Royal Enfield: As part of the Tamil Nadu Global Investors Meet 2024 in Chennai, the business inked a non-binding Memorandum of Understanding with the Tamil Nadu government to spend Rs 3,000 crore over the next eight years in greenfield and brownfield projects across the state.

Oil India: The company inked a Joint Venture Agreement (JVA) with Assam Power Generation Corporation to collaborate in the renewable and green energy sectors. It will collaborate with a public-sector enterprise to maximise renewable energy output in the state.

Tata Motors: Jaguar Land Rover (JLR) posted a 27% y-o-y increase in Q3 sales to 101,043 units. YTD wholesales for FY24 were 291,113 units, up 28% year-on-year. Retail sales increased 29% to 109,140.

Bajaj Auto: The board of directors accepted a plan to buy back shares worth Rs 4000 crore. The corporation plans to buy back 40 lakh equity shares at an average price of Rs 10,000 per share.

Cipla: The business announced a joint venture in the United States with Kemwell Biopharma and Manipal Education & Medical Group to develop and commercialise innovative cell therapy products to address unmet medical needs in the United States, Japan, and the European Union.

Aurobindo Pharma: The business said that it has obtained the establishment inspection report from the USFDA for its Telangana unit. According to the assessment, the facility is rated as ‘Voluntary Action Indicated.’

Brigade Enterprises: As part of the Tamil Nadu Global Investors Meet 2024 in Chennai, the business inked MoUs of Rs 3400 crore with the Tamil Nadu government to construct projects over the next 3–4 years. The business inked Memorandums of Understanding with the Chennai Metropolitan Development Authority (CMDA) and ELCOT’s Information Technology and Digital Services Department.

IRM Energy: The company inked a memorandum of understanding with the Tamil Nadu government to invest Rs 858 crore in a state project over the next five years. The initiatives will create employment for 2200 individuals throughout the state. This took place as part of Tamil Nadu Global Investors Meet 2024.

Zee Entertainment: The much-anticipated merger between Zee Entertainment and Sony’s India business may not go through, with Sony expected to send a termination notice, according to sources.

Honasa Consumer: Stellaris Ventures Partners, one of Mamaearth parent Honasa Consumer’s early stage investors, sold a portion of its share in the firm in bulk transactions on Monday.

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