Top 10 stocks to watch today Global Surfaces: Global Surfaces | ACEink Official

Top 10 stocks to watch today

Global Surfaces: Global Surfaces shares are going to make its debut in the secondary market today as the Global Surfaces IPO listing date has been fixed on 23rd March 2023. As per the information available on BSE's official website — bseindia.com, effective from Thursday, March 23, 2023, the equity shares of Global Surfaces Limited shall be listed and admitted to dealings on the Indian bourses in the list of 'T' group of securities.

Reliance Industries: Reliance Consumer Products Limited (RCPL), the FMCG arm and wholly-owned subsidiary of Reliance Retail Ventures Limited (RRVL), on Wednesday announced the expansion of its FMCG portfolio with the launch of its range of home and personal care products.

Wipro/LTTS: Foreign brokerage firm Bernstein has downgraded information technology (IT) major Wipro and engineering services giant L&T Technology Services Ltd (LTTS), pointing to the recent financial sector weakness that has resulted in stock volatility and risk to its FY24 growth outlook. The brokerage has downgraded Wipro to ‘underperform’, but remained positive on select large caps with IT firm Infosys as its top pick.

Hindustan Aeronautics: India will be selling up to a 3.5% stake in its aerospace and defence company, Hindustan Aeronautics (HAL) through an offer for sale (OFS). The offer will open on March 23 and will continue till March 24th. The 3.5% stake sale comprised 1.75% as the base offer and 1.75% as an additional option.

Hero MotoCorp: Two-wheeler maker Hero MotoCorp on Wednesday said it will increase the prices of some of its motorcycles and scooters by around 2% from 1 April, according to a stock exchange filing. The company said that the upward revision in the ex-showroom prices of some two-wheelers is due to an increase in costs for transitioning to onboard diagnostics (OBD2).

DB Corp: Dainik Bhaskar Group’s DB Power Ltd has repurchased Global Infrastructure Partners’ (GIP) stake in its thermal power business for ₹400 crore, in a deal that has facilitated the investor’s exit, two people with knowledge of the deal said. The buyback was funded through the company’s internal accruals, the people cited above said.

Indian Oil Corporation: India's top oil company IOC will invest ₹61,077 crore in building a petrochemical complex at Paradip in Odisha - its largest ever investment at a single location - as it doubles down on its transition plan. In a statement, Indian Oil Corporation (IOC) said its board has given "Stage-1 approval for setting up Paradip petrochemical complex at Paradip, Odisha at an estimated cost of ₹61,077 crore.

IDBI Bank: LIC's acquisition of IDBI MF through its mutual fund arm gets one step closer to reality as CCI approves the scheme. On Wednesday, the Competition Commission of India (CCI) approved the proposal of LIC Mutual Fund Asset Management to acquire management rights over the schemes of IDBI MF from IDBI Asset Management. Under the proposed deal, LIC Mutual Fund will acquire the rights to manage and administer the schemes of IDBI Mutual Fund from IDBI AMC.

Power Finance Corp: State-run Power Finance Corporation (PFC) has signed a project loan agreement (PLA) for JPY (Japanese yen) 2.65 billion or about ₹165 crore with Japan Bank for International Cooperation (JBIC). Under this facility, JBIC has proposed to finance some of PFC’s projects which ensure the effective reduction of greenhouse gas emissions and conservation of the global environment, said a statement from PFC.

Patel Engineering: The civil construction company that specialises in irrigation and hydropower announced today that Visvesvaraya Jala Nigama Limited (VJNL), which had previously been designated as L1, had given the company and its joint venture partner a letter of acceptance for the Tumkur Branch Canal (Package V) Micro Irrigation Project.