Top Stocks for Today - 3rd December 2024

3 Dec 2024 , 07:22 AM

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

Torrent Pharma: The company has launched its Qualified Institutional Placement (QIP), with a floor price of ₹1,555.75 per equity share. The floor price is 1.60% lower than Monday’s closing price of ₹1,581.10.

Hindustan Unilever: The company paid ₹192.55 Crore, or 20% of the total outstanding demand of ₹962.75 Crore, as directed by the Income Tax assessing officer. The dispute involves a ₹3,045-Crore payment for purchasing India HFD intellectual property rights from GSK Group entities.

Nazara Technologies: The gaming and sports media company has announced ₹196 Crore in strategic investments to grow its position in gaming, entertainment, and education. This includes acquisition of a 60% stake in Funky Monkeys Play Centres Private Ltd for ₹43.7 Crore. Funky Monkeys provides 11 indoor play places for children across India, which marks Nazara’s foray into physical entertainment.

KEC International: An infrastructure company announced that the VAT tribunal in Bangladesh dismissed its appeal against a VAT demand order issued by the Customs, Excise, and VAT Commissionerate in Dhaka. The decision, dated April 29, 2024, addresses alleged irregularities in financials and VAT reports for the period July 2019–June 2022. The corporation is currently evaluating the order and intends to appeal it in the High Court of Bangladesh.

Pricol: The automotive components maker’s board of directors has authorized the acquisition of Sundaram Auto Components Ltd, a wholly-owned subsidiary of TVS Motor Company, for ₹215.3 Crore. This transaction is projected to be completed by January 31, 2025, assuming the requirements outlined in the business transfer agreement are fulfilled.

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