Top stocks for today - 26th November 2024

26 Nov 2024 , 12:09 PM

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

Zomato: The food delivery aggregator launched a ₹8,500 crore Qualified Institutions Placement (QIP) offering, with a floor price of ₹265.91 per equity share. On November 23, 2024, the firm stated that its shareholders had accepted a request to raise capital through a Qualified Institutional Placement (QIP). Last month, the board approved funding up to ₹8,500 crore through a qualified institutional placement (QIP). The financing is intended to bolster the balance sheet at this time.

Vedanta: Following the recent US indictment of Adani Group founder Gautam Adani in an alleged bribery case, the business is issuing its second dollar bond in two months in order to attract investor interest in Indian offshore debt. The offering, which could raise up to $500 million, is viewed as a critical test of global demand for Indian high-yield credit following the Adani issue. The notes will include call options, giving Vedanta more flexibility.

HDFC Life: The company informed bourses of a data theft incident involving client information. HDFC Life has responded by conducting an information security assessment and data log analysis to establish the root cause of the compromise.

BHEL: The company announced that, in collaboration with Hitachi Energy India Ltd, it has obtained a contract to build two high voltage direct current (HVDC) terminal stations as part of the Khavda renewable energy zone phase V project. The project, awarded by Power Grid Corporation of India Ltd (PGCIL), would help transport renewable energy from Khavda in Gujarat to Nagpur in Maharashtra.

Power Grid: The state-owned business said that it had been deemed the successful bidder for the transmission system for electricity evacuation from a project spanning Rajasthan and Uttar Pradesh. The award, made through tariff-based competitive bidding (TBCB), will be carried out on a build, own, operate, and transfer basis. On November 25, 2024, Power Grid received a letter of intent (LOI) for the project.

Wipro: Omkar Nisal has been appointed as the CEO of Europe Strategic Market Unit (SMU), effective immediately. Nisal will report to CEO and MD Srini Pallia and will also serve on the Wipro executive board. Nisal will be taking over the position of Pierre Bruno, who is stepping down. Omkar will be located in London. Nisal has been with Wipro since 2012, establishing himself as a trusted advisor to customers and building high-performing teams that collaborate with clients across industries to create extraordinary results.

Hindustan Unilever: The leading FMCG player stated that its board of directors has given preliminary approval to demerge its ice cream business into a separate publicly traded subsidiary. The demerger decision comes after Unilever’s decision to separate its worldwide ice cream business, as well as following evaluations by an independent committee of HUL directors, which resulted in the separation announcement in October 2024.

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