Advanced Enzyme, Coal India to Shipping Stocks - here are top Buzzing Stocks today
At 12:49 pm, the S&P BSE Sensex was trading at a loss of 82.15 points or 0.14% at 58,222.92 while the Nifty 50 index at the NSE was trading 16.25 points or 0.09% down at 17,353.
Domestic equity markets were trading with modest losses on Monday’s noon deals. At 12:49 pm, the S&P BSE Sensex was trading at a loss of 82.15 points or 0.14% at 58,222.92 while the Nifty 50 index at the NSE was trading 16.25 points or 0.09% down at 17,353. Meanwhile, certain stocks were in action in either direction based on reports linked to them. Here is a list of few such stocks:
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Stocks in News
Advanced Enzyme: Up 13.05%. 'Advanced Enzymes announces Positive Clinical Breakthrough in the Randomized Controlled Trials of Systemic Enzymes and Probiotics to Resolve 'Long Covid' Fatigue Symptoms'.
Coal India: Up 4.10%. Mining major Coal India Ltd might raise prices of the dry fuel by at least 10-11% to mitigate the impact of increased costs, published reports.
TCS: Up 1.47%. NXP Semiconductor selects TCS as a strategic partner to drive IT Innovation.
Arvind SmartSpaces: Up 1.91%. Realty firm Arvind SmartSpaces Ltd (ASL) has raised around Rs 85 crore equity capital from HDFC Capital's real estate fund and its promoters by issuing preferential shares. ASL said in a statement that its board approved the allotment of 68.5 lakh equity shares, aggregating to about Rs 85 crore, to HDFC Capital Affordable Real Estate Fund-1 (H-CARE 1) and the promoters of ASL for Rs 124 per share. It has raised around Rs 50 crore by allocating 40.32 lakh shares to HDFC Capital. Post allotment of shares, H-CARE 1 will have about a 9.5 per cent stake in the company. The Board has allowed the allocation of 26.22 lakh equity shares at Rs 124 per equity share aggregating around Rs 35 crore to the promoter group entities. The company’s Extraordinary General Meeting ('EGM') is scheduled to be held on Monday, October 4, 2021, at 11.00 am.
Edible Oil Stocks: Moving up. Stocks like Ruchi Soya – up 2.39%; Agro Tech Foods – up 3.47%; AVT Natural – up 0.13% were trading higher. In order to ensure the availability of edible oil to the consumers at fair prices, the Union Government has further reduced the import duty on edible oil. The base import tax on crude palm oil has been reduced to 2.5 per cent from 10 per cent, while the tax on crude soyabean oil and crude sunflower oil has been reduced to 2.5 per cent from 7.5 per cent. The import duty on crude soybean and sunflower oils were also slashed in August 2021, as well. There was a total duty cut of 8.25% in August. Import duty on edible oils is one of the important factors that impacted landed cost of edible oils and thereby domestic prices. Cheaper imports are expected to bring down prices of edible oils. Prices have increased by 50% in the last one year.
NALCO (up 2.71%)/ Hindalco (up 2.83%): The commerce ministry's investigation arm Directorate General of Trade Remedies (DGTR) has recommended the imposition of anti-dumping duty on certain aluminium products from China to guard domestic manufacturers from cheap imports.
Bharti Airtel: Up 0.97%. Rating agency S&P Global on Thursday revised Bharti Airtel’s outlook to “stable” from “negative,” on the back of the company's operating fundamentals and superior leverage management. The global rating agency has affirmed its 'BBB-' long-term issuer credit rating on Airtel and the 'BBB-' issue rating on the telco’s senior unsecured notes. Further, it has also affirmed “the 'BB' issue rating on the subordinated perpetual securities (PERPS)” it guarantees. Besides, the telecom has supported OneWeb’s low-earth-orbit satellites to offer broadband to businesses in remote areas. Hughes Network Systems, LLC (Hughes) and Bharti-Airtel have backed low-earth orbit (LEO) satellite communications (Satcom) company OneWeb has signed a distribution agreement in the US.
ICICI Bank: Down 1.56%. ICICI Bank has said that ICICI Lombard General Insurance Company (ICICI Lombard) has ceased to be its subsidiary, as shareholding of the bank has come down to 48 per cent after the merger of Bharti AXA with the insurer. ICICI Lombard had on September 8, 2021, allotted equity shares of the company to the eligible shareholders of Bharti AXA General Insurance Company (Bharti AXA), as per the scheme of arrangement between the two insurers.
Buzzing Stocks
Suryoday Small Finance Bank Limited: Up 19.97%.
Dynamite Technology: Up 18.26%.
Hindustan Copper: Up 6.95%.
Shriram City Union Finance: Up 7.15%.
New India Assurance: Up 4.55%.
Dishman Carbogen: Up 4.74%.
Finolex Cables: Up 3.74%.
Finolex Industries: Up 5.40%.
FDC Ltd.: Up 5.03%.
Polyplex Corporation: Up 4.36%.
Ujjivan Financial: Up 5.94%.
Coal India: Up 4.07%.
R Systems: Up 3.51%.
Linde India: Up 3.53%.
Ruchi Soya: Up 2.42%.
Nalco: Up 2.65%.
CDSL: Up 4.28%.
IRCTC: Up 2.61%.
Zen Technologies: Up 5%.
Sterling and Wilson Solar: Up 4.68%.
JSW Energy: Up 5%.
Angel Broking: Up 4.26%.
Ujjivan Small Finance Bank: Up 1.95%.
Astral Ltd.: Up 2.40%.
Lux India: Up 2.71%.
BEML: Up 1.23%.
Abbott India: Up 2.78%.
Shipping Stocks: Moving up. Stocks like SEAMAC – up 4.03% and SCI – up 3.81% were trading higher.
01:08 PM IST