Top 10 stocks for today - 9th October, 2023

9 Oct 2023 , 08:00 AM

Titan: The jewellery-to-watch-to-eyewear company said that its revenue increased by 20% year-on-year for the fiscal quarter ended September FY24, with the jewellery section rising 19%, watches and wearables growing 32%, and eyecare gaining 12%.

Reliance Industries: Reliance Retail Ventures, a subsidiary of Reliance Industries, would get a Rs 4,966.80 crore investment from the Abu Dhabi Investment Authority (ADIA). This investment values Reliance Retail Ventures at Rs 8.381 lakh crore in pre-money equity.

Biocon: The Bengaluru-based biopharmaceutical firm has entered into a collaboration deal with Juno Pharmaceuticals, a specialized pharmaceutical business in Canada, to commercialize its formulation, Liraglutide. Liraglutide is a medication-device combination used to treat and manage type 2 diabetes and obesity.

Tata Consultancy Services: On October 11, India’s largest IT services exporter stated that its Board of Directors will consider a proposal for a buyback of the company’s equity shares. On the same day, the company announced that it would report earnings for the fiscal years July-September and April-September.

Bank of Baroda: According to preliminary figures, the public sector lender’s overall business surpassed Rs 22 lakh crore in the fiscal year ended September FY24, an increase of 15.88% over the previous year. Total advances at the bank increased by 17.43% year–on–year and 3.515 quarter-on-quarter to Rs 10.25 lakh crore.

TVS Motor Company: On the tenth anniversary of their 10-year collaboration, TVS Motor and BMW Motorrad have begun production of their first jointly designed, developed, and industrialized electric vehicle, the BMW CE 02, at the Hosur factory. They also announced the release of 1.5 lakh units of BMW Motorrad’s 310cc motorbike series.

Indian Energy Exchange: Enviro Enablers India, a recycling and waste management services company, has inked a Share Subscription Agreement and Shareholders’ Agreement with the premier energy exchange. IEX will acquire a 10% stake in Enviro through compulsory convertible preference shares (CCPS) under this arrangement.

United Spirits: Navin Jain has resigned as the beverage alcohol company’s Tax Director, Asia & India, with effect from December 31, 2023. Navin left Diageo to pursue another opportunity.

Adani Green Energy: Adani Solar Energy Jaisalmer Two Private Limited, a subsidiary of Adani Solar Energy, has completed the commissioning of the whole 150 MW solar power project in Bikaner, Rajasthan, as an independent power producer for sale to third parties or on power exchanges.

Punjab National Bank: Sanjeevan Nikhar has been named as the public sector lender’s Group Chief Compliance Officer, effective immediately. The bank’s principal general manager was Sanjeevan Nikhar.

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