Top stocks for today - 28th November 2024

28 Nov 2024 , 08:39 AM

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

Godrej Properties: The company plans to sell up to 5.5% of its stock, or 1.54 Crore shares, through a Qualified Institutional Placement (QIP) at an indicative price of ₹2,595 per share, according to sources. The corporation plans to raise up to ₹4,000 Crore from this offering. According to sources, the ₹2,595 per share implies a 5% decrease from the company’s last fund-raising price of ₹2,727.44 per share.

Ashoka Buildcon: Today, the company provided multiple pieces of information, including the cancellation of a crucial road project bid and the acquisition of a significant new order. In a regulatory statement earlier today, the business disclosed that the National Highways Authority of India (NHAI) has cancelled the offer for the Kharagpur-Chandrakona-Ghatal road project (Package-1) in West Bengal owing to administrative issues, with Ashoka Buildcon as the sole bidder.

Hero Motocorp: The firm has announced a new initiative called the Hero For Startups (HFS) program, which aims to stimulate automotive innovation. The program’s goal is to find and support promising entrepreneurs with the potential to change the future of transportation. Selected companies will have exclusive access to Hero MotoCorp’s cutting-edge R&D centers in Germany and India, as well as the company’s extensive network of dealers, suppliers, and partners.

Vedanta: Moody’s Ratings has raised Vedanta Resources Ltd’s corporate family rating (CFR) to B2 from B3, showing increased confidence in the company’s capacity to meet its total debt commitments. The rating for its senior unsecured bonds has also been upgraded to B3 from Caa1, which was previously deemed a higher credit risk category. 

KEC International: The infrastructure company has received ₹1,704 Crore in turnkey orders for Transmission & Distribution (T&D) from Power Grid Corporation of India Ltd (PGCIL). The projects involve the design, delivery, and construction of 765 kV transmission lines and GIS substations, which strengthen KEC’s position in the T&D sector.

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