Top Stocks for Today - 7th May 2025

7 May 2025 , 08:06 AM

Here are some stocks that could see notable movement in today’s trading session.

NLC India:

The company has executed a strategic Memorandum of Understanding (MoU) with IREL (India) Ltd. The collaboration would be for prospecting and developing the strategic mineral resources such as the rare earth materials (REEs) by means of mining, refining, and excavation operations. The collaboration would strive to acquire and gain access to mineral resources in the domestic market as well as on a global level.

In addition, NLC’s subsidiary has entered into Power Purchase Agreement (PPA) with Rajasthan Rajya Vidyut Utpadan Nigam Ltd. (RVUNL) for 810 MW solar power plant at Pugal Solar Park, Rajasthan.

Shriram Finance:

The Board has approved the acquisition of 31.66 lakh Shriram Overseas Investments’ equity shares from Shriram Investments Holdings (SIHPL). The deal is for ₹50.11 crore with shares priced at ₹158.28 per share, which is to bolster the company’s investment portfolio.

Sun Pharmaceutical Industries:

Executive Vice President – Finance & Accounts and Chief Financial Officer (CFO) C.S. Muralidharan will retire on service from July 1, 2025. Jayashree Satagopan has been appointed as the new CFO, and her appointment is to be effective from the said date for the sake of orderly transition of leadership.

Life Insurance Corporation of India (LIC):

Bella Paul, Board & Secretarial, Chief In-Charge, has retired on a voluntary basis from the service of LIC with effect from May 6, 2025.

Prestige Estates Projects:

The newly launched project of the company, The Prestige City at Indirapuram, has seen strong demand. In a week of launch, it had registered sales worth over ₹3,000 crore in sales value, including 1,200 residential units, showing strong interest of buyers and strength of realty market.