Top 10 Stocks To Watch Today

Here are the top 10 stocks that are likely to be in focus today on 16th August 2023.

Ashok Leyland

Under a share purchase deal of Rs 300 Cr with Hinduja Group, the company would acquire OHM Global Mobility (OHM India) from OHM International Mobility.

ITC

The ITC Hotels demerger has been approved by the ITC board, and it will be listed on the exchanges in 15 months. The share ratio has been kept at 10:1. The board has given its approval for the acquisition of a 25% shareholding in Maharaja Heritage and a 45.36% stake in International Travel House from Russel Credit.

Suzlon Energy

The company issued 113.96 crore shares at a price of Rs 17.55 each following raising Rs 2,000 crore via QIP.

JSW Energy

At Rs 345 per share, Authum Investment & Infrastructure sold 1.6 crore shares, representing a 1% stake of the firm, while GQG Partners purchased 1.2 crore shares, representing 0.7% stake in the company.

Ujjivan Small Finance Bank

At Rs 495.19, Newquest Asia Investments II sold 30 lakh shares, representing 2.5% stake in the company. Abakkus Emerging Opportunities Fund purchased 11.5 lakh shares for a 0.9% stake at Rs. 495 a share, while BNP Paribas acquired 6.8 lakh shares for a 0.5% stake at Rs. 495.15.

Reliance Industries

RJIL completed the minimum roll-out requirements for spectrum purchased in the 2022 spectrum auction ahead of time. In all 22 telecom circles, Jio customers can now use 26 GHz mmWave-based business connectivity across all 22 telecom circles.

TCS

Lexmark appoints TCS to upgrade its enterprise applications, accelerate its cloud journey, and scale up its innovation program. Additionally, Everest Group recognised TCS as a leader in enterprise blockchain services.

Quint Digital Media

Quintillion Business Media's outstanding 51 percent stake will be acquired by AMG Media Networks, an Adani Group subsidiary. Following the acquisition, QBML will join AMNL as its fully-owned subsidiary.

IRCTC

On August 14, 2023, IRCTC and Delhi Metro Rail Corporation (DMRC) signed a Memorandum of Understanding (MoU) to provide DMRC tickets with QR codes via the IRCTC platform.

SJVN

Two Power Purchase Agreements (PPAs) have been signed between SJVN Green Energy, a fully owned subsidiary of SJVN, and Punjab State Power Corporation Limited, one for a 200 MW solar project to be established anywhere in Punjab and the second for a 1,000 MW solar project to be developed anywhere in the nation. These projects would require an expenditure of about Rs 7,000 crores and shall be established within 18 months on a Build Own and Operate basis.