Top 10 stocks for today – 9th September, 2024

9 Sep 2024 , 09:18 AM

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

Jio Financial Services: Jio Financial Services and BlackRock Advisors Singapore Pte. Ltd. have established a joint venture to launch Jio BlackRock Investment Advisers Private Limited. As per BSE filing on September 8, the new entity will concentrate on providing investment advisory services in India.

SpiceJet: SpiceJet has announced a plan to issue shares to Carlyle Aviation to convert a portion of its dues into equity. Under this restructuring deal, Carlyle Aviation will acquire SpiceJet shares to settle part of its outstanding amount of $137.68 million.

Vedanta: The company is preparing for a demerger of its diverse business verticals, covering over 15 commodities. Chairman Anil Agarwal has announced that this strategic move will shift the company’s focus from being asset managers to asset owners.

Ola Electric: The one-month share lock-in period for Ola Electric’s shareholders is set to end on Monday. September 9 will mark a month since Ola Electric was listed on the stock exchanges. Following the end of this lock-in period, approximately 18.18 crore shares, accounting for 4% of the company’s total outstanding equity, will become eligible for trading.

PNB: The bank has received approval to raise up to ₹5,000 crore each through Qualified Institutional Placements (QIP) in FY25.

PNB Housing Finance: PNB Housing plans to raise up to $125 million through External Commercial Borrowing (ECB) in Q3 FY25. With an existing ECB sanction of $125 million, the company is looking to secure an additional $100 to $125 million.

Suzlon Energy: The company has acquired 51% of the equity share capital in Renom, making Renom a subsidiary of the company.

Godfrey Philips: Bina Modi has been reappointed as the Managing Director of Godfrey Phillips, with nearly 87% of shareholders voting in favor of her reappointment.

Mazagon Dock: Mazagon Dock has secured an order valued at ₹1,486 crore from Oil & Natural Gas Corporation (ONGC). The contract is for a subsea pipeline replacement project, which will be executed on an EPC reimbursable basis.

Granules India: Granules India has announced the successful completion of a USFDA inspection at its Gagillapur facility in Hyderabad, Telangana. The inspection took place from August 26 to September 6, 2024, and resulted in six observations.