Ami Organics IPO, Zen Technologies to Liquor Stocks - here are top Buzzing Stocks today
At 1:18 pm, the S&P BSE was trading 372.75 points or 0.65% higher at 57,710.96 while Nifty 50 was trading 116.80 points or 0.68% up at 17,193.05.
Domestic Stocks markets were trading in positive territory during the noon deals of Thursday, a day of weekly F&O expiry. At 1:18 pm, the S&P BSE was trading 372.75 points or 0.65% higher at 57,710.96 while Nifty 50 was trading 116.80 points or 0.68% up at 17,193.05. 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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Vijaya Diagnostics IPO: The initial public offering (IPO) of Vijaya Diagnostic was subscribed 0.22 times by 1:13 pm on the second day of bidding The Rs 1,895 crore IPO will remain open for bidding till on Friday, September 3, 2021.
The price band for Vijaya Diagnostic Centre IPO has been fixed at Rs 522-531 per equity share. Investors can subscribe to the initial public offering (IPO) by betting for a lot of 28 shares or in multiples thereof.
Ami Organics IPO: The initial public offering (IPO) of the Surat-based speciality chemical company, Ami Organics was subscribed 1.53 times by 1:13 pm on the second day of bidding. The Rs 569.64 crore IPO will remain open for bidding till Friday, September 3, 2021. The price band for Vijaya Diagnostic Centre IPO has been fixed at Rs 603-610 per equity share. Retail investors can place their bids in a lot size of 24 shares up to a maximum of 13 lots. Ami Organics IPO consists of an offer for sale of Rs 369.64 crore and a fresh issue of Rs 200 crore.
Stocks in News
Hero MotoCorp: Down 0.42%. The country’s largest two-wheeler maker Hero MotoCorp on Wednesday reported a 6% MoM jump in total sales at 4.54 lakh units in August 2021 compared to 4.29 units sold in July 2021. On a year-on-year basis, the sales dropped in August 2021 from 5.84 lakh units sold in the same month last year. Domestic sales (YoY) dropped to 4.31 lakh units as compared to 5.68 lakh units sold last year. However, the exports (YoY) increased to 22,742 units from 15,782 units exported last year.
Eicher Motors: Up 0.81%. The manufacturer of motorcycles and commercial vehicles Eicher Motors on Wednesday reported a 6% rise in total sales at 4.54 lakh units in August 2021 as compared to 4.29 lakh units sold in July 2021. On a year-on-year basis, the total sales dropped in August 2021 as compared to 5.84 lakh units sold in the same month last year. Domestic sales (YoY) dropped to 4.31 lakh units in August 2021 from 5.68 lakh units sold in August 2020. However, the exports grew to 22,742 units in August 2021 from 15,782 units sold in August 2020.
Vedanta: Up 3.52%. The mining major Vedanta Ltd on Wednesday said its board has approved an interim dividend of Rs 18.50 per equity share for FY2021-22, amounting to Rs 6,877 crore. The record date for the purpose of payment of the dividend is September 9, 2021.
NMDC: Up 0.49%. Iron Ore prices fell by 7% on Wednesday. Overall, the prices of the metal have fallen by 24% in the last one month.
Coal India: Down 1.84%. The coal mining company has reported that total production increased 14.5% to 42.6 MT in August 2021 from 37.2 MT produced in the same month last year. Offtake increased by 9.5% to 48.6 MT against 44.4 MT posted last year.
Hindustan Zinc: Up 0.09% The company has extended the planned shutdown taken at one of the roasters at Chanderiya Lead Zinc Smelter in need to repair and overhaul many major structural components of the roaster to avoid any operational risk in the future. This will lead to a loss of production of about 25KT of Zinc.
SPARC: Down 0.79%. Sun Pharma Advanced Research Company (SPARC) on Wednesday said it will seek shareholders' approval to raise up to Rs 1,800 crore through various modes, including the issue of equity shares and securities. The company proposes to raise the funds in one or more tranches, by way of public/private offerings, qualified institutional placement, rights offering or any other permissible mode, SPARC said in a regulatory filing.
Sun Pharma: Up 0.27%. Sun Pharma Japan has sold its entire shareholding in Kayaku Co. Ltd. to Shinshin Pharmaceutical Co., Ltd. on September 1, 2021, for a total consideration of JPY 353,983,400 (Rs 23.4 crore approx). Thus Kayaku Co. Ltd has ceased to be the subsidiary of the Company.
Minda Corporation: Up 4.61%. Wholly owned subsidiary Spark Minda Green Mobility Systems Private Limited (SMGMS) has signed Shares Subscription and Shareholders Agreement with EVQPOINT Solutions Private Limited (EVQPOINT) and its promoters & Other Ancillary Agreements with EVQPOINT including Technology License Agreement (TLA) on September 1, 2021. Pursuant to the Shares Subscription and Shareholders Agreement SMGMS has agreed to subscribe for allotment of at least 26% of the Equity Share Capital of the EVQPOINT and EVQPOINT agreed to issue and allot the said Equity Shares on mutually agreed terms & conditions. EVQPOINT provides smart electric vehicle charging products and solutions indigenously designed and developed, to meet the growing needs of the eMobility market.
Mahindra CIE Automotive: Down 1.33%. ACACIA Partners has sold 67.85 lakh shares (1.79% equity) in the company via an open market transaction, reducing shareholding to 4.07% from 5.86% earlier.
Kotak Mahindra Bank: Up 1.13%. Kotak Mahindra Bank on Wednesday sold 8.57 per cent (20,00,00,000 equity shares) holding in Airtel Payments Bank to the Mittal-controlled Bharti Enterprises for Rs 294.8 crore.
BLS International: Up 10.48%. BLS International today announced that it has signed a contract with The Republic of Philippines Department of Foreign Affairs to provide ePassport Renewal services initially starting with Italy, Qatar and Malaysia. BLS will provide ePassport renewal services on behalf of The Republic of Philippines in Italy, Qatar and Malaysia.
Dr Reddy’s: Up 2.43%. Dr Reddy's Laboratories Canada announces the launch of Reddy-Lenalidomide, one of the first generic medications of its kind for the Canadian Market.
Mahindra & Mahindra: Down 1.19%. The Company's Automotive Division continues to face supply shortages of semiconductors, which has got further accentuated due to Covid lockdowns in some parts of the World. Consequently, the Company will be observing 'No Production Days' of around 7 days in its Automotive Division plants in the month of September 2021, which is estimated to result in a reduction in Production Volumes of the Automotive Division in September 2021 by 20-25%. The Revenue and profitability will be impacted in line with the fall in production volumes.
Just Dial: Up 3.11%. The board has approved allotment of 2.11 crore equity shares of the Company of the face value of Rs 10 each fully paid up in dematerialised form by way of preferential allotment on a private placement basis for cash consideration to Reliance Retail Ventures Limited ("RRVL") at Rs 1,022.25 per equity share. Post such Preferential Allotment, RRVL holds 40.98%- of the total paid-up equity share capital of the Company.
Amber Enterprises: Up 5.28%.
IFB Industries: Up 8.42%.
ICICI Securities: Up 4.02%.
S Chand: Up 4.97%.
KPR Mills: Up 7.53%.
Vodafone Idea: Up 6.56%.
PTC India: Up 4.37%.
Jyothi Labs: Up 3.28%.
MMTC: Up 5.82%.
Zomato: Up 3.21%.
Bharat Dynamics: Up 2.40%.
MGL: Up 2.03%.
IGL: Up 1.13%.
NHPC: Up 1.65%.
Dabur: Up 1.86%.
Voltas: Up 4%.
Navkar Corporation: Up 2.77%.
Kaya Ltd.: Up 9.99%.
Concor: Up 2%.
Natco Pharma: Up 4.39%.
Alembic: Up 12.30%.
Exide Industries: Up 3.68%.
United Spirits: Up 1.26%.
Cement Stocks: Moving up. Stocks like Shree Cement - Up 3.51%; ACC - Up 0.60% and Ambuja Cement - Up 0.60% were trading higher.
Logistics Stocks: Moving up. Stocks like VRL Logistics – up 3.85%; Snowman Logistics – up 0.93%; Sical Logistics – up 131%; All Cargo – up 5.37%, were trading higher.
Tyre Stocks: Moving up. Stocks like JK Tyre – up 0.83%; Ceat – up 1.67%; Balkrishna industries – up 2.58%; TVS Srichakra – up 1.60% were trading higher.
Consumption Stocks: Moving up. Stocks like ADF Foods – up 3.86%; Marico – up 2.87%; Jubilant FoodWorks – up 2.21%; Parag Milk – up 4.63%; were trading higher.
Fertilizer Stocks: Moving Up. Stocks like NFL – up 5.89%; GSFC – up 4.14%; RCF – up 2.88% were trading higher.
Tour & Travel Stocks: Moving up. Stocks like International Travel House – up 2.12%; BLS International – up 10.48%; Mahindra Holidays – up 5.47%; Easy Trip – up 6.59%; IRCTC – up 3.38% were trading higher.
Power Stocks: Moving up. Stocks like Adani Power – up 4.98%; NHPC – up 1.47%; PTC India – up 4.28%; KEC International – up 0.11%; Reliance Power – up 4.95%; Kalpataru Power – up 0.88%; NTPC – up 0.65% were trading higher.
Liquor Stocks: Moving up. Stocks like UBL – up 1.98%; United Spirits – up 1.38%; Radico Khaitan – up 2.48%; Pioneer Distillers – up 4.41%; were trading higher.
Chemical Stocks: Moving up. Stocks like Sudarshan Chemicals – up 1.43%; Bodal Chemicals – up 2.44%; Pidilite – up 1.51%; Tata Chemical – up 0.33% and Gujarat Alkalies – up 0.86% were trading higher.
Realty Stocks: Moving up. Stocks like Sobha – up 4.23%; Godrej Properties – up 1.90%; IB Real Estate – up 0.17%, DLF – up 0.66% were trading higher.
Stocks at Life Highs
HAL: Up 3.09%. Meanwhile, the stock hit the life high of Rs 1429.90 earlier in the intraday trade today.
HUL: Up 2.58%. Meanwhile, the stock hit the life high of Rs 2,810 earlier in the intraday trade today.
Godrej Consumers: Up 1.65%. Meanwhile, the stock hit the life high of Rs 1,125 earlier in the intraday trade today.
Zen Technologies: Up 19.99%. Meanwhile, the stock hit the life high of Rs 139.85 earlier in the intraday trade today.
Tinplate: Up 20%. Meanwhile, the stock hit the life high of Rs 286.20 earlier in the intraday trade today.
USL: Up 1.33%. Meanwhile, the stock hit the life high of Rs 760.90 earlier in the intraday trade today.
HDFC Life: Up 5.95%. Meanwhile, the stock hit the life high of Rs 775.65 earlier in the intraday trade today.
Rossari Biotech: Up 3.22%. Meanwhile, the stock hit the life high of Rs 1,462.80 earlier in the intraday trade today.
Kajaria Ceramics: Up 5.08%. Meanwhile, the stock hit the life high of Rs 1,228.90 earlier in the intraday trade today.
United Breweries: Up 1.92%. Meanwhile, the stock hit the life high of Rs 1,608.25 earlier in the intraday trade today.
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