The equity benchmarks were extended the fall and were trading with a fall of more than 0.80 per cent in the noon deals on Thursday, November 18, 2021. At 12:46 pm, the S&P BSE Sensex was trading 498.93 points or 0.83 per cent lower at 59,509.40. The Nifty 50 index was trading 164.35 points or 0.92 per cent down at 17,734.30. Meanwhile, certain stocks were in action in either direction based on reports linked to them. Here is a list of some of such stocks:

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Stocks in News

Escorts: Up 7.92%. Escorts touched a 52-week high of Rs 1,793.90, on November 18 after the company board approved further stake acquisition by Kubota Corporation. Escorts board approved to increase in shareholding in the company by Kubota Corporation. The company board in its meeting held on November 18 approved the raising of equity capital aggregating to Rs 1872 crore through preferential issue of 93,63,726 equity shares of face value Rs 10 at Rs 2,000 per share (including a premium of Rs 1,990 for each equity share), to Kubota Corporation, Japan. This news related to the board meeting was exclusively reported by Zee Business in the recent past.

Hindustan Zinc: Down 0.75%. The Supreme Court on Thursday ordered registration of a regular case by the CBI into the alleged irregularities in the disinvestment of the government's controlling share in Hindustan Zinc Limited (HZL) in 2002. The top court, however, allowed disinvestment of the Centre's residuary 29.5 per cent share in the open market.

Vedanta: Down 7.94%. Billionaire Anil Agarwal-led Vedanta Limited on Wednesday unveiled a plan for a complete overhaul of the business. The company is planning to demerge and list its aluminium, iron and steel, and oil and gas businesses as standalone entities. The company's board had also constituted a committee of directors to evaluate and recommend options to restructure the group. All options and alternatives like demerger, a spin-off(s), the strategic partnership will be considered for value unlocking and easing of corporate structure. The Board has also appointed various advisors to assist the Board in evaluating the options. It is anticipated that the Board and the Advisors will complete their assessment as soon as possible. Besides, the exchange has sought clarification from the company with respect to a news article titled "Cairn partners Halliburton to increase recoverable oil reserve, explore shale". 

BHEL: Down 1.41% Bharat Heavy Electricals Limited (BHEL) has signed a Cooperation Agreement with Zorya Mashproekt, Ukraine at New Delhi on November 16, 2021. The Cooperation Agreement aims to cooperate for establishing the local manufacture of the Marine GTs and RGs for the requirement of the Indian Navy. In addition to the above, the cooperation agreement also aims to cooperate for supporting the Indian Navy in the Maintenance & Repair of Marine GTs and RGs of Zorya Mashproekt make in their fleet. Besides, Dr. Mahendra Nath Pandey (Hon'ble Union Minister of Heavy Industries) has inaugurated the prototype Air Pollution Control Tower (APCT), which has been designed indigenously designed and developed by the company. 
Kalpataru Power and Transmission: Down 1.31%. ICICI Prudential Mutual Fund bought 0.19% stakes in the company on November 16, 2021. With this, ICICI Prudential's stake in the company has gone up to 5.1878%. 

Tata Motors: Down 4.23%. Tata Motors is looking to establish vehicle scrappage centres under a franchise set up with the first one expected to become operational in the first quarter of the next fiscal.

Buzzing Stocks

Shipping Corporation Of India (SCI): 6.33%.
PNB: Up 2.71%
Repco Home:  Up 1.48%. Aavas Financiers Ltd: Up 1%. 
Blue Star: Up 1.97%. 
Amber Enterprises: Up 1.66%.
Voltas: Up 1.04%.
Radico Khaitan: Up 1.54%.
CL Educate: Up 4.96%
Golden Tobacco: Up 5%.
Karda Construction: Up 2.30%.
Mcdowell Holdings: Up 5%.
Devyani International: Down 4.28%.
Barbeque Nation: Down 5.00%
Mirza International: Up 1.10%.
Birlasoft: Up 1.41%.

 Falling Stocks

Pharma Stocks: Declining with Nifty Pharma index trading at 1.55% loss. Stocks like Aurobindo Pharma - down 4.16%; Glenmark - down 2.96%; Gland Pharma - down 2.53%; Ipca Lab - 2.41%; Laurus Labs - down 1.38%; Biocon - down2.50%; Torrent Pharmaceuticals - down 1.04%; Lupin - down 1.19% and Dr Reddy's - down 2.12% among others were trading in a negative territory.  

PSU Bank Stocks: Declining with Nifty PSU Bank index trading at 0.33% loss. Stocks like Indian Bank - down 2%; J&K Bank - down 1.79%; Central Bank - down 1.40%; Union Bank - down 1.37% and Bank of Baroda - down 1.28%; were trading in negative territory. 

Private Banks: Declining with Nifty Private Bank index trading at 74% loss. Stocks like RBL Bank - down 1.81%; Kotak Mahindra Bank - down 1.94%; IndusInd Bank - down 1.06%; Federal Bank - down 1.80%; Bandhan Bank - down 1.96%; IDFC First bank - down 1.21 and Axis bank - down 1.03% were trading in negative territory. 

Oil & Gas Stocks: Declining with Nifty Oil & Gas index trading at 1.08% loss. Stocks like GSPL - down 2.71%; MGL - down 3.50%; OIL - down 3.18%; Gujarat Gas - down 3.05%; GSPL - down 2.71%; GAIL - down 2.52%; IGL - down 1.72%; ONGC - down 2.22% and BPCL - down 1.56% among others were trading in a negative territory.  

Auto Stocks: Declining with Nifty Auto index trading at 2.74% loss. Stocks like Bosch - down 5.19%; Tata Motors - down 4.23%; Ashok Leyland - down 4.01%; Bahrat Forge - down 2.44%; Eicher Motors - down 2.98%; Hero MotoCorp - down 2.74%; M&M - down 2.93%; Amara Raja Batteries - down 2.39%; TVS Motor - down 1.855%; Maruti - down 2.40% and Bajaj Auto - down 1.14% were trading in negative territory.  

Consumer Durable Stocks: Declining with Nifty Consumer Durables index trading at 1.13% loss. Stocks like Rajesh Exports - down 3.28%; Orient Electric - down 1.10%; Crompton - down 1.79%; Dixon Technologies - down 0.98%; Havells - down 1.66%; Titan - down 1.36%; Bata India - down 1.26% and Kajaria Ceramics - down 1.41% were trading in negative territory.  
Realty Stocks: Declining with Nifty Realty index trading at 1.85% loss. Stocks like Indiabulls Real Estate - down 3.74%; Macrotech Developers - down 4.29%; Brigade Enterprises - down 3.58%; Oberoi Realty - down 3.82%; DLF - down 2.54%; Prestige Estate - down 1.17% and Sunteck Realty - down 1.45% were trading in negative territory.  

IT Stocks: Declining with Nifty IT index trading at 1.84% loss. Stocks like LTI - down 3.26%; Coforge - down 4.10%; HCL Technologies - down 2.57%; Tech Mahindra - down 2.40%; LTTS - down 1.15%; Wipro - down 1.78%; Mpasis - down 1.64%; TCS - down 1.35% and Infosys - down 1.54% were trading in a negative territory.  
Metal Stocks: Declining with Nifty Metal index trading at 2% loss. Stocks like Vedanta - down 7.94%; Welspun Corp - down 3.17%; SAIL - down 2.20%; Tata Steel - down 2.30%; Hindustan Copper - down 1.61%; National Aluminium - down 1.37%; Jindal Steel - down 1.70%; and Adani Enterprises - down 1.43% were trading in negative territory.  

FMCG Stocks: Declining with Nifty FMCG index trading at 0.74%% loss. Stocks like Marico - down 2.22%; UBL - down 1.73%; Tata Consumers - down 1.08%; Britannia - down 1.12%; and ITC - down 0.98% were trading in negative territory.  

Listings & IPO Updates

Paytm IPO Listing: The shares of One 97 Communications Limited, the parent company of India's leading digital financial services company, Paytm, made a weak debut on the bourses, NSE & BSE, today. It opened at Rs 1,950 per share at NSE at a discount of 9.3% over the issue price of Rs 2,150 per share. At the BSE it opened at Rs 1955 per share, a discount of 9.06% against the listing price. The initial public offering (IPO) of Paytm was subscribed 1.89 times on Wednesday, the third and the final day of bidding. The Qualified Institutional Buyers (QIBs) portion of the public issue was subscribed 2.79 times, while the Non Institutional Investors (NIIs) and Retail Individual Investors (RIIs) portions were subscribed 0.24 times and 1.66 times, respectively. The company has fixed the price band at Rs 2,080-2,150 per share for the offer as it had plans to raise around Rs 18,300 crore from the issue.  

Sapphire Foods IPO Listing: The shares of Sapphire Foods India, a franchise operator of KFC and Pizza Hut restaurants, made a strong debut on the bourses, NSE & BSE, today. It opened at Rs 1,350 per share at NSE at a premium of 14.4% to issue a price of Rs 1,180 per share. At the BSE, it opened at Rs 1,311 per share at a premium of 11.10% against the listing price. The initial public offering (IPO) of Sapphire Foods India Limited was subscribed 6.62 times on Thursday, the third and the last day for bidding. The Qualified Institutional Buyers (QIBs) portion was subscribed 7.50 times, while the Non-Institutional Investors (NIIs) and Retail Individual Investors (RIIs) were subscribed 3.46 times and 8.70 times, respectively. Sapphire Foods had fixed the price band of the issue at Rs 1,120-1,180 per share as it had plans to raise up to Rs 2,073.25 crore through the issue.

Go Fashion (India) Limited IPO: The Initial Public Offering (IPO) of Go Fashion (India) Limited, a company that runs one of India's largest women's bottom-wear brands, was subscribed 3.63 times by 12:29 pm on Thursday, the second day of bidding. The Qualified Institutional Buyers (QIBs) portion was subscribed 0.27 times while Non-Institutional Investors (NIIs) and Retail Individual Investors (RIIs) portions were subscribed 1.21 times and 17.33 times, respectively. The issue will close on Monday, November 22, 2021, as the market will remain closed on Friday for Gurunanak Jayanti. The price band for the initial public offering (IPO) is fixed at Rs 655-690 per share. Retail investors can bid for a lot of 21 equity shares and in multiples thereof. The IPO is expected to fetch Rs 1,014 crore at the upper price band. The public issue comprises a fresh issue of shares worth up to Rs 125 crore, and an offer for sale (OFS) of more than 1.28 crore equity shares worth Rs 889 crore by promoters and investors.

(Disclaimer: The views/suggestions/advices expressed here in this article are solely by investment experts. Zee Business suggests its readers to consult with their investment advisers before making any financial decision.)