CONCOR, JSW Steel, Auto Stocks to NATCO Pharma - here are top Buzzing Stocks today
After fluctuating between gains and losses, the domestic stock markets were trading in a positive zone in Monday’s afternoon trade. At 12:48 pm, the S&P BSE Sensex rose 97.51 points or 0.19% and was trading at 50,637.99 levels. The Nifty 50 index was trading with a gain of 22.80 points or 0.15% at 15,189.10. Meanwhile, certain stocks were in action in either direction based on reports linked to them. Here is a list of few such stocks:
CONCOR: Stock jumps 10% as management says they have resolved Land License Fee issue with Railways.
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Metal Stocks: Recover from day's low. Metal stocks like National Aluminium – up 2.82%, Welspun Corp – up 2.63%, MOIL – up 2.44%, NMDC – up 1.87%, Adani Enterprises – 0.34% and SAIL – up 0.33%, among others were trading higher.
PSU Banks: Rally. Nifty Bank index was trading 0.73% up, while Nifty PSU Bank index was trading 2.29% higher. The stellar performance of Indian’s largest public bank State Bank of India in Q4FY21 has fueled a rally in public sector banking stocks. PSU banking stocks like Central Bank – up 4.07%, PNB – up 3.68%, Canara Bank – up 3.34% and SBI – up 2.14% among others were trading higher.
Power Stocks: On the move. Power Stocks like PowerGrid – up 2%, Tata Power – up 1.62%, Adani Power – up 0.30%, NTPC – up 0.40%, NHPC – up 0.20% among others were trading higher.
OMCs: On a move. Shares like Hindustan Petroleum – up 2.04%, Bharat Petroleum – 1.91%, BPCL – up 2.03% were trading with a gain of around 2% each.
Dr LalPath Labs, Shree Cement, JSW Steel: Weak after earnings
Dr Lal PathLabs: Down 1.87%. The service provider of diagnostic services has reported a 156.6% rise in the consolidated profit at Rs 83.4 crore for the quarter ended March 31, 2021. It had reported a profit of Rs 32.5 crore in the same quarter last year.
Shree Cement: Down 2.75%. The cement manufacturer has reported a 30.6% YoY rise in the profits at Rs 768 crore for the quarter ended March 31, 2021 (Q4FY21). It had reported a profit of Rs 588 crore in the same quarter of last fiscal year (Q4FY20).
JSW Steel: Down 2.32%. It has Iron and steel mills company has reported 18 times YoY rise in the consolidated profits at Rs 4,198 crore for the quarter ended March 31, 2021. It had posted a profit of Rs 231 crore in the same quarter last year.
SIP Stocks - Oriental Hotels 20% Circuit + Siyaram Silk recommended on Friday and has been up 15% since then.
Auto + Auto ancillary Stocks: On the move. The Nifty Auto index was trading 0.58% higher. Auto stocks like Hero MotoCorp – up 1.48%, Eicher Motor – up 1.47%, Maruti Suzuki – up 1.33%, Bajaj Auto -1.15% and Ashok Leyland – up 0.52% among others were trading higher. Auto ancillary stocks like Bharat Forge – up 1.61%, Bosch Ltd – up 0.35%, Amara Raja – up 0.35% and MRF – up 0.26% were trading higher.
NATCO Pharma + other pharma shares buzzing:
Natco Pharma: Buzzing and trading near 10% upper circuit. On Saturday it said that it as NATCO receives USFDA approval for Lenalidomide Capsules. Lenalidomide capsule is indicated for the treatment of adults with multiple myeloma, mantle cell lymphoma and myelodysplastic syndromes. It also received final approval for Everolimus tablets (generic for ZORTRESS®) in the US market.
Other Pharma Stocks: Nifty Pharma index was trading 0.35% higher. Pharma stocks like Cadila Health – up 2.15%, Dr Reddy’s – up 0.87%, Alkem – up 0.53% and Biocon – up 0.43% among few others were trading higher.
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