Ashok Leyland, IT Stocks to Coromandel International - here are top Buzzing Stocks today
The domestic markets were trading over 0.30% higher in the noon deals of Friday. At 1:01 pm, the S&P BSE Sensex was trading with a gain of 162.04 points or 0.31% at 52,861.04.
The domestic markets were trading over 0.30% higher in the noon deals of Friday. At 1:01 pm, the S&P BSE Sensex was trading with a gain of 162.04 points or 0.31% at 52,861.04. The Nifty 50 index was trading 54.30 points or 0.34% higher at 15,844.75. 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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Ashok Leyland: Up 4.44%. The automotive manufacturer has reported a YoY profit of Rs 241 crore for the quarter ended March 31, 2021. It had posted a loss of Rs 57 crore in the same quarter of the previous financial year. The board has recommended a final dividend of Re 0.60 per share.
ONGC: Up 0.41%. The energy company has reported a 435.5% QoQ rise in the standalone profit of Rs 6,734 crore for the quarter ended March 31, 2021. It had posted a profit of Rs 1,258 crore in the previous quarter ended December 31, 2020. Besides, the board has recommended a final dividend of Rs 1.85 per equity share. It also appointed Mr Subhash Kumar, CEO, as the Chairman & Managing Director of the company.
PTC India: Down 0.09%. The energy company has reported a 51.1% YoY rise in the consolidated profit at Rs 68 crore for the quarter ended March 31, 2021. It had posted a profit of Rs 45 crore in the corresponding quarter of the previous financial year. Besides, the board has recommended a final dividend of Rs 5.50 per share. Board also approves acquisition of Energy Consulting Business undertaking of IL&FS Energy Development Company, a Group Company of IL&FS.
Take Solutions: Down 6.48%. The management consulting company has reported a consolidated YoY loss of Rs 68 crore for the quarter ended March 31, 2021. It had posted a loss of Rs 158 crore in the corresponding quarter of the previous financial year.
Mishra Dhatu Nigam (MIDHANI): Up 0.57%. The PSU engaged in the manufacturing of metals and metal alloys have reported an 87.5% YoY rise in the consolidated profit of Rs 75 crore for the quarter ended March 31, 2021. It had posted a profit of Rs 40 crore in the same quarter of the previous financial year. Besides, the board has recommended a final dividend of Rs 1.58 per share.
Nath Bio-Genes: Down 4.80%. The seed company has reported a 6.7% YoY decline in the standalone profit at Rs 7 crore for the quarter ended March 31, 2021. It had posted a profit of Rs 7.5 crore in the same quarter of the previous financial year. Besides, the board has recommended a dividend of Rs 2 per share.
IPO + OFS + QIP update
India Pesticides: Rs 800 crore initial public offering (IPO) of Pesticides India was subscribed 5.42 times by 12:25 pm on the last day of subscription. The price band of the issue has been fixed at Rs 290-296 per share. On the block are a fresh issue of up to Rs 100 crore and an offer for sale of up to Rs 700 crore worth of shares.
Orchid Pharma: Down 10%. The offer for sale (OFS) of the company has opened for retail investors today. 10% of the offer is reserved from the retail investors. The non-retail portion of the OFS was subscribed 2.82 times on the first day of subscription. Orchid Pharma has set the floor price for its offer for sale at Rs 375, a huge discount of 72% to the stock’s closing price of Rs 1,325. Dhanuka Laboratories, one of the promoters of Orchid Pharma proposes to sell 32.80 lakh shares, representing 8.04% of the total issued and paid-up share capital of the company.
Wabco India: Down 0.05%. The offer for sale (OFS) of the company was subscribed 2.15 times on the second day of the offer. A total of 6.50 lakh shares (5 lakh shares as base issue and 1.50 lakh shares as greenshoe option) were put on the block by promoter ZF International UK. It has set a floor price of Rs 6,550 per share.
Aarti Industries: Down 0.91%. Aarti Industries approved the launch of a QIP issue on June 24, 2021. The fundraising committee of the Board of Directors of the company approved the floor price of Rs 899.77 per equity share. The company may at its discretion offer a discount of not more than 5% on the floor price for the QIP in accordance with the SEBI ICDR Regulations. Besides, in respect of the QIP, a meeting of the Fund Raising Committee of the Board of Directors of the Company is scheduled to be held on June 30, 2021, to consider and approve the issue price for Equity Shares to be allotted to the qualified institutional buyers in the proposed Issue, including a discount if any.
Stocks in News
IT Stocks: Nifty IT index was trading 0.48% higher. IT stocks like Mphasis – up 1.09%, Coforge – up 0.93%, LTI – up 0.91%, HCL Technologies – up 0.82%, Infosys – up 0.70 per cent among others except Wipro were trading with gains. Wipro was trading 0.24% low. They were performing after Accenture posted good Q3 results and also raised revenue guidance for the year.
NBFC Stocks: Buzzing. NBFC stocks like M&M Finance – up 1.70%, Muthoot Finance – up 1.29 and Bajaj Finserv – up 0.88% among others were trading with gains. New rules on paying dividend were announced yesterday by RBI.
Metal Stocks: Nifty Metal index was trading 2.86% higher. Metal stocks like National Aluminium – up 5.77%, Vedanta – up 4.86%, SAIL – up 4.76%, Tata Steel – up 4.76% and JSPL – up 2.90%, among others were trading higher. Russia plans to impose an export duty on steel products.
Tamilnadu Petroproducts: Up 6.60%. It was SIP on May 25, 2021, at 94. Return 19%.
Vardhman Special Steel: Up 4.90%. It was SIP on May 29, 2021, at 189. Return 25%.
GATI: Up 4.99%. It was suggested in the My Choice Stock segment.
All Cargo: Up 8.75%.
IOB: Up 7.14%.
Central Bank: Up 6.71%.
Vodafone Idea: Up 3.14%.
Hind Copper: Up 3.82%.
Shilpa Medicare: Up 3.68%.
Cummins: Up 3.74%.
Info Edge: Up 2.31%.
PNB Housing: Up 2.34%.
Hindalco: Up 2.17%.
Prism Johnson: Up 1.88%.
Tata Steel BSL: Up 1.94%.
PI Industries: Up 1.84%.
Stocks at Life high
Apollo Hospitals: Up 7.82%. It stuck the life high of 3,455 today in the intraday trading earlier.
Shree Renuka Sugar: Up 4.93%. It stuck the life high of 34.05 today in the intraday trading earlier. The stock has gained 25% in the last five sessions.
New F&O Entrants
Coromandel International: Up 3.46%. It stuck the life high of 956 today in the intraday trading earlier.
Aditya Birla Fashion and Retail: Up 1.40%.
Indian Hotels Company: Up 1.89%
Metropolis Healthcare: Up 1.55%.
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