Infosys, Wipro, Balrampur Chini, AB Capital, Pharma Stocks to Auto Stocks - here are top Buzzing Stocks today
Domestic equity markets were trading in red in Thursday’s noon deals. The volatile markets were being dragged down by public sector banks and auto stocks. At 12:46 pm, the S&P BSE Sensex was trading with a fall of 231.10 points or 0.48% at 48,312.96, while the Nifty 50 index was trading 58.10 points or 0.40% lower at 14,446.7
Domestic equity markets were trading in red in Thursday’s noon deals. The volatile markets were being dragged down by public sector banks and auto stocks. At 12:46 pm, the S&P BSE Sensex was trading with a fall of 231.10 points or 0.48% at 48,312.96, while the Nifty 50 index was trading 58.10 points or 0.40% lower at 14,446.70. Meanwhile, certain stocks were in action in either direction based on reports linked to them. Here is a list of few such stocks:
Infosys: Down 3.88%.It had announced Q4FY21 results and reported a 2.3% QoQ decline in PAT at Rs 5,076 crore. Instituted New Committee of the Board Focused on ESG.
See Zee Business Live TV Streaming Below:
Wipro: Trading with gains of 3.23% ahead of the earnings announcement.
Balrampur Chini/ Dwarikesh Sugar: Balrampur Chini hits the upper circuit of 10% and was trading 13.22% higher, while Dwarikesh Sugar was also trading higher with a gain of 8.83%. The government has permitted the export of an additional 3,675 tonnes of raw/refined sugar under tariff-rate quota (TRQ) to the United Kingdom.
AB Capital: Up 2.67%. The Board of Directors of Aditya Birla Capital Limited has approved the initial public offering by way of an offer for sale (“IPO”) of Aditya Birla Sun Life AMC Limited (“ABSLAMC”), a material subsidiary of the Company.
Pharma Stocks: Select pharma stocks linked to remdesivir doing well like Cipla – up 3.18% and Glenmark – up 7.21%.
NMDC: Up 1.26%: Fixed lump iron ore price at Rs 6,950 per tonne and fines at Rs 5,060 per tonne.
SAIL: Up 0.28%. Receives financial bids for two plants, namely, Salem and Bhadravathi, which are at the advanced stage of disinvestment, sources aware of the development informed Zee Business. According to sources, the divestment process of these plants will be completed in the next few weeks. The divestment process has received a good response and many private companies have shown their interest in these plants.
NFL: Up 0.83%. The government intends to offload up 20% paid-up equity capital of NFL (National Fertilizer Limited) through 'Offer for Sale' (OFS) method. It currently holds 75.71% stakes in the company. DIPAM has invited EOI for merchant bankers and advisors by May 5, 2021.
Piramal Enterprises Ltd: Down 1.52%. It has entered into the used car and consumer finance business.
Bharti Airtel: Down 0.065%. Announces new corporate structure to sharpen focus on digital' issued by Bharti Airtel Limited. Besides, Nettle Infrastructure Investments Limited, a wholly-owned subsidiary of the Company, has acquired a stake in OneWeb India Communications Private Limited.
UPL: Down 0.27%. The Supreme Court of Queensland in Australia has dismissed a class action litigation against Advanta Seeds Pty Ltd, UPL's subsidiary in Australia.
Tata Metaliks: Down 2.53%. Reported a 2.6% YoY decline in its consolidated profit at Rs 75 crore for the quarter ended March 31, 2021. Consolidated revenue grew 26.7% to Rs 660.9 crore from Rs 521.6 crore posted last year.
Reliance Industrial Infrastructure Ltd: Down 0.77%. Mumbai-based industrial infrastructure company has reported an 11.1% YoY fall in consolidated profit after tax for the quarter ended March 31, 2021.
RCF: Down 1.62%. The government is also planning to sell a 10 per cent stake in RCF (Rashtriya Chemical and Fertilizers). It holds 75% stakes in the company. DIPAM has invited EOI for merchant bankers and advisors by May 5, 2021.
BEML: Down 0.48%. DIPAM has called for EOIs for asset monetisation of BEML by April 28, 2021.
UPL: Down 0.39%. The Supreme Court of Queensland in Australia has dismissed class action litigation against Advanta Seeds Pty Ltd, UPL's subsidiary in Australia.
Larsen & Toubro Limited: Down 0.86%. The subsidiary, L&T Heavy Engineering has secured an order worth Rs 1,000-2,500 crore for 12 Steam Generators (SGs) from NPCIL for the prestigious 3 x 700 MWe Pressurized Heavy Water Reactor (PHWR) strengthening its position as a key Nuclear power equipment supplier for Government of India's fleet mode procurement program.
Tata Motors: Down 0.71%. Block deal of 25 lakh shares.
Auto Sectors: Trading with a fall. The Nifty Auto index was trading 1.99% lower, while stocks like Eicher Motors – down 4.11% Maruti Suzuki – down 3.07%, Ashok Leyland – down 2.60%, Tata Motors – down 0.91%, M&M – down 1.68%, Bajaj Auto – 1.30%, TVS Motors – down 1.20% and Hero MotoCorp – down 0.84% among others, were also trading low.
PSU Banks: Trading with a fall. Nifty PSU Bank index was trading with a fall of 1.73%, while banks like PNB – down 1%, Canara Bank – down 0.76%, Union Bank of India – down 2.14%, Indian Bank – down 4.96%, Bank of India – down 3.15% were trading low.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.