Top Stocks for today - 4th December 2024

4 Dec 2024 , 07:55 AM

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

Honasa Consumer: Varun Alagh, co-founder of Honasa Consumer, which owns Mamaearth and The Derma Co, boosted his share in the firm to 31.93% with a ₹4.5 Crore investment, according to NSE filings on Tuesday (December 3). Co-Founders Varun and Ghazal Alagh now own a combined 35% of the company, which is unusual in the startup sector, as founders often own little stock after many investment rounds.

Reliance Power: The Solar Energy Corporation of India Ltd has withdrawn its debarment notice against Reliance Power Ltd and its subsidiary, Reliance NU BESS Ltd, effective immediately. 

Mahindra and IndiGo: Both companies were embroiled in a dispute over violation of the ‘6e’ trademark, despite the manufacturer maintaining it is in talks to reach an acceptable settlement. The manufacturer, which launched two electric brands earlier this month — BE 6e and XEV 9e — stated that its trademark ‘BE 6e’ varies from IndiGo’s ‘6E’, removing any possibility of confusion. IndiGo, which uses 6E as its airline designator code, denied the assertion made by the Mumbai-based manufacturer.

ONGC: The state-owned corporation increased its equity holding in its subsidiary, ONGC Petro Additions Ltd (OPaL), from 94.57% to 95.69% through a rights issuance of 490.6 Crore equity shares at ₹10 apiece. The investment totaled ₹4,906.20 Crore. In FY24, OPaL generated a turnover of ₹14,323 Crore.

Rail Vikas Nigam: The state-owned enterprise has received a letter of acceptance (LoA) from East Central Railway. The contract is for the “design, supply, testing, erection, and commissioning of traction substations with associated switching posts” as part of an upgrade to the electric traction system in the Gomoh-Patratu sector of the Dhanbad division.

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