Auto Stocks, Fortis Healthcare, Metal Stocks, Biocon to SRF - here are top Buzzing Stocks today
The domestic benchmarks have extended their losses and fell over half a per cent in noon deals on Friday, January 22, 2021. The fall was dragged mainly by heavyweight Reliance Industries and private banks.
The domestic benchmarks have extended their losses and fell over half a per cent in noon deals on Friday, January 22, 2021. The fall was dragged mainly by heavyweight Reliance Industries and private banks. At 12:21 pm, the S&P BSE Sensex fell 323.19 points or 0.65% to 49,301.57 and the broader Nifty 50 index fell 91.50 points or 0.63% to trade below 14,550 at 14,498.85.
Axis Bank (down 3.51%), Hindalco (down 3.31%), JSW Steel (down 2.53%), Tata Steel (down 2.35%) and ICICI Bank (down 2.07%) were the top Nifty 50 losers. Reliance Industries also slipped 1 per cent ahead of its quarterly results later in the day. On the other hand, Bajaj Auto surged as much as 8 per cent. Meanwhile, there are certain stocks which were in action in either direction based on reports linked to them. Here is a list of few such stocks:
Auto Stocks: Automobile and auto ancillary companies were in action today, with Nifty Auto and the S&P BSE Auto indices surging nearly 2.86% and 2.97%, respectively, following a strong performance during the quarter ended December 2020 (Q3FY21). Bajaj Auto (up 10.61%), Hero MotoCorp (up 6.03%), Eicher Motors (up 3.05%) and Tata Motors (up 1.89%).
Fortis Healthcare (up 0.82%): Supreme Court would hear the plea on Malaysia's IHH Healthcare open offer for Fortis Healthcare on January 27, 2021, sources aware about the development told Zee Business. IHH wants to buy 26% stakes in Fortis at Rs 170 per share.
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Metal Stocks: Hindalco (down 3.31%), JSW Steel (down 2.53%), Tata Steel (down 2.35%) among others were under pressure today.
Biocon (down 8.69%): The stock tumbled after it posted the Q3FY21 numbers and reported a double-digit dip in profits. Also, Dr Christiane Hamacher has stepped down as the Managing Director of Biocon Ltd.'s subsidiary Biocon Biologics Ltd. (BBL). She has been replaced with Biocon veteran Dr Arun Chandavarkar.
SRF (down 6.40%): The stocks tumbled after the company reported a 6% fall in consolidated net profit from Rs 345 crore to Rs 324 crore in Q3FY21 when compared with CPLY.
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