Domestic markets were trading more than 0.70% lower in Thursday’s noon deals. At 1:07 pm, the S&P BSE Sensex was trading 392.50 points or 0.74% down at 52,662.26. The Nifty 50 index was trading 130.05 points or 0.82% lower at 15,749.60. 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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IPO Updates 

GR Infraprojects Ltd: The initial public offering of GR Infraprojects Ltd (GRIL) was subscribed 3.52 times by 12:55 pm on the second day of subscription. Investors can bid for the IPO in the price band of Rs 828-837 apiece. The promoters aim to raise Rs 963 crore from the issue which closes on Friday, July 9, 2021. 

See Zee Business Live TV Streaming Below:

Clean Science & Technology: The initial public offering of Clean Science was subscribed 2.53 times by 12:55 pm on the second day of subscription. Investors can bid for the IPO in the price band of Rs 880-900 per equity share. The company seeks to raise Rs 1,546 crore from the issue which closes on Friday, July 9, 2021. 

Stocks in News

Alembic Pharmaceuticals: Up 0.27%. The company has received US Food & Drug Administration (USFDA) Final Approval for Desipramine Hydrochloride Tablets USP, 10 mg, 25 mg, 50 mg, 75 mg, 100 mg, and 150 mg. Desipramine Hydrochloride Tablets, USP are indicated for the treatment of depression.

Info Edge: Up 0.87%. Zomato IPO impact. The initial public offering of Zomato will open for subscription on July 14, 2021, and close on July 16, 2021. The IPO price band is likely to be Rs 70-72 per share. 

Kalyan Jewellers: Up 0.90%. The jewellery company in its Q1FY22 update said that its revenue grew 190% YoY in the reported quarter when compared to Q1FY21. It was an advantage of a low base. As of June 30, 2021, 92% of the company’s showrooms in India were operational, although only ~40% of showrooms were operational on the weekends. 

Adani Enterprises: Down 0.23%. Adani Airport Holdings is seeking a loan of $100 crore (Rs 7,500 crore) to refinance the existing debt of Mumbai’s international airport. 

Tata Motors: Down 1.92%. Jaguar Land Rover in its concall said that it expects that the existing chip shortages will have no impact on the product launch schedule or on the capital expenditure plan for the year.

JLR expects that the wholesale dispatches will reduce by 60,000-65,000 units in Q2FY22 as compared to Q1FY22. It said that the company will not be able to support the normal demand

PNB Housing Finance: Up 5%. Punjab National Bank’s (PNB’s) board has changed its opinion on the PNB Housing Finance-Carlyle Group deal. It has asked the housing finance company to not make preferential allotments till SAT verdict. It has asked PNB Housing to consider SEBI recent directive. 

KPR Mill: Up 5.28%. The board of Directors of the Company is scheduled to meet on July 27, 2021, inter alia, to consider and approve the sub-division of the face value of the Equity Shares of the Company, subject to the approval of Shareholders.

Bajaj Healthcare: Up 7.74%. Bajaj Healthcare Limited (BHL) on Wednesday announced that it has received a license from DRDO to manufacture and market 2-Deoxy-D-Glucose (2-DG) drugs used in the control and treatment of the COVID-19 patients. 

Stocks at Life High

  • Speciality Restaurant: Up 14.48%. Meanwhile, the stock hit the life high of 73.90 earlier in the intraday trade today.
  • Tasty Bite Eatables: Up 11.86%. Meanwhile, the stock hit the life high of 20,700 earlier in the intraday trade today.
  • Sonata Software: Up 3.32%. Meanwhile, the stock hit the life high of 775 earlier in the intraday trade today.
  • NAM India: Up 0.93%. Meanwhile, the stock hit the life high of 391.60 earlier in the intraday trade today.
  • Westlife Development: Up 5.82%. Meanwhile, the stock hit the life high of 569 earlier in the intraday trade today.
  • KPR Mill: Up 4.69%. Meanwhile, the stock hit the life high of 1.864.75 earlier in the intraday trade today. 
  • IRCTC: Up 0.49%. Meanwhile, the stock hit the life high of 2,248 earlier in the intraday trade today. 
  • Trent: Up 1.85%. Meanwhile, the stock hit the life high of 947.95 earlier in the intraday trade today.
  • Brigade Enterprises: Up 5.34%. Meanwhile, the stock hit the life high of 321 earlier in the intraday trade today. 
  • Gokaldas Export: Up 5.83%. Meanwhile, the stock hit the life high of 181.40 earlier in the intraday trade today.
  • Texmaco Rail: Up 8.22%. Meanwhile, the stock hit the life high of 41.90 earlier in the intraday trade today.
  • Tilaknagar Industries: Up 5.91%. Meanwhile, the stock hit the life high of 49.20 earlier in the intraday trade today.
  • Gujarat Ambuja: Up 2.98%. Meanwhile, the stock hit the life high of 195 earlier in the intraday trade today.
  • Novartis India: Up 8.33%. Meanwhile, the stock hit the life high of 1,028.45 earlier in the intraday trade today.
  • Prataap Snacks: Up 7%. Meanwhile, the stock hit the life high of 764 earlier in the intraday trade today.
  • Srikalahasthi Pipes: Up 4.10%. Meanwhile, the stock hit the life high of 233.85 earlier in the intraday trade today.
  • Igarashi Motors: Up 2.84%. Meanwhile, the stock hit the life high of 549.75 earlier in the intraday trade today.
  • BSE Ltd: Up 1.68%. Once again it moved above 1,00o and hit the life high of 1,008 earlier in the intraday trade today.

Buzzing Stocks

Railway Stocks: In action. Stocks like Titagarh Wagons – up 3.39%, Texmaco Rail – up 8.22%, RVNL – up 1.09%, IRCTC – up 0.49% among others are trading higher. 
Nava Bharat Ventures: Up 5.19%. 
Colgate: Up 1.26%. 
IGL: Up 3.63%. 
Dhani Services: Up 4.98%. 
First Source Solution: Up 2.40%. 
Deepak Fertilizer: Up 4.33%.
BEPL: Up 2.94%. 
Nucleus Software: Up 0.98% 
HCC: Up 4.63%.
Inox Wind: Up 1.56%. 
Monte Carlo: Up 3.77%. 
Macrotech Developers: Up 2.99%. 
Just Dial: Up 6.79%. 
Adani Transmission: Up 4.60%. 
Voltas: up 0.99%. 
Transformers & Rectifiers: Up 10.44%. 
SpiceJet: Up 2.87%. 
HEG: Up 1.16%. 
Graphite India: Up 1.33%. 
GMR Infrastructure: Up 2.52%. 
IDFC: Up 2.51%. 
Vodafone Idea: Up 1.13%. 
Greaves Cotton: Up 2.50%.