Top stocks for today - 25th November 2024

25 Nov 2024 , 07:43 AM

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

Adani Group Stocks: Gautam Adani, the Group’s Founder and Chairman, and his nephew Sagar have been asked to clarify their position on the US Securities and Exchange Commission (SEC) charge of paying $265 Million (₹2,200 Crore) in bribes to gain lucrative solar power contracts.

Zomato: The company’s shareholders approved a request to raise capital through a Qualified Institutions Placement (QIP) for ₹8,500 Crore. The approval was obtained through a special resolution voted by a postal ballot performed via remote e-voting. The fundraising is intended to bolster the balance sheet at this time, the company stated in a filing.

HDFC Life Insurance Company: ICICI Lombard General bought a 0.19% ownership investment in the company for ₹233 Crore. The deal was completed during market hours on November 22, 2024, with cash consideration.

CESC: Its unit, Eminent electrical Distribution, has secured a letter of intent (LOI) to acquire 100% of the shares in a distribution firm responsible for electrical distribution and retail supply in the union territory of Chandigarh. The ₹871 Crore deal is likely to close within 30 days.

HG Infra Engineering: The company signed a Letter of Award (LOA) with NTPC Vidyut Vyapar Nigam Ltd as part of the tariff-based global competitive bidding procedure. Under the LoA, HG Infra will manage 185 MW/370 MWh of the total capacity at a tariff cost of ₹2,38,000 per MW per month. The project is expected to cost around ₹1,110 Crore and take 1.5 years to complete.

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