Karur Vysya Bank, Tata Elxsi to Aviation Stocks - here are top Buzzing Stocks today
At 12:40 pm, the S&P BSE Sensex was trading 7 points or .01% down at 59,134.16 while the Nifty 50 index lost 18.20 points or 0.10 points at 17,611.30.
Domestic stock markets, Sensex and Nifty 50 were trading flat on Friday’s noon deals. At 12:40 pm, the S&P BSE Sensex was trading 7 points or .01% down at 59,134.16 while the Nifty 50 index lost 18.20 points or 0.10 points at 17,611.30. However, Sensex and Nifty touched the record highs of 59,737.32 and 17,792.95, respectively earlier in the intraday trade. 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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Stocks in News
TVS Motor: Up 0.33%. TVS Motor has acquired Swiss company GO corporation (the GO AG). GO AG is a Swiss technology company providing smart connected mobility solutions through a pipeline of e-bikes, e-cargo bikes, and e-scooters combining innovative designs which deliver a differentiated customer experience building on innovative software and hardware platforms. It has an omnichannel network spread across Switzerland and Germany with plans to expand across Europe. The acquisition will be made at a price of CHF 1.825 per share for a total of 16.6 million CHF (Rs 1,216 crore).
Biocon: Down 1.34%. Biocon Biologics Limited (BBL), a subsidiary of Biocon Ltd., and Serum Institute Life Sciences Private Limited (SILS), a subsidiary of Serum Institute of India Pvt. Ltd. have announced a strategic alliance. The Board of Directors of BBL has approved the merger of Covidshield Technologies Private Limited (‘CTPL’), a wholly-owned subsidiary of Serum Institute Life Sciences Private Limited (‘SILS’), with, and into BBL. Under the terms of the agreement, BBL will offer approximately 15% stake to SILS, at a post-money valuation of $4.9 billion ($490 crore), for which it will get committed access to 100 million doses of vaccines per annum for 15 years, primarily from SILS’s upcoming vaccine facility in Pune with commercialization rights of the SILS vaccine portfolio (including COVID-19 vaccines) for global markets.
Hero MotoCorp: Down 0.34%. Hero MotoCorp will make an upward revision in the ex-showroom prices of its motorcycles and scooters, with effect from September 20, 2021. The price hike across the range of motorcycles and scooters will be up to Rs. 3,000. The exact quantum of increase will depend on the model and the market. The price hike has been necessitated to offset the impact of steadily increasing commodity prices.
IDFC Limited: Down 0.61%. IDFC Limited and IDFC Financial Holding Company at their meetings held today approved to initiate steps to divest its mutual fund business subject to requisite regulatory approvals, as applicable. The Boards have authorised respective Strategy & Investment Committees to take necessary steps, including the appointment of Investment Banker, for the same.
Karur Vysya Bank: Up 8.54%.
Kotak Mahindra Bank: Up 2.27%.
Avenue Supermarts: Up 1.70%.
Cosmo Films: Up 1.18%.
JSW Energy: Up 2.14%.
CESC: Up 5.33%.
Bajaj Finance: Up 1.69%.
Bajaj Finserv: Up 2.69%.
Bajaj Holding: Up 5.71%.
Bajaj Auto: Up 0.69%.
Bajaj Electricals: Up 6.59%.
Polycab India: Up 1.83%.
Burger King: Up 2.18%.
Motilal Oswal: Up 1.24%.
Mahindra CIE: Up 3.50%.
KEI Industries: Up 1.63%.
Tourism Stocks: Moving up. Stocks like IRCTC – up 3.14%; International Travel House – up 1.33% were trading higher.
Poultry Stocks: Moving up. Stocks like SKM Egg – up 2.53% and Venky’s – up 3.30% were trading higher.
Aviation Stocks: Moving up. Stocks like IndiGo – up 8.81%; Jet Airways – up 4.97% and SpiceJet – up 3.03% were trading higher.
Stocks at Life High
Tata Elxsi: Up 2.36%. Meanwhile, the stock hit a life high of Rs 5,310 per share earlier in the intraday trade today.
Radico Khaitan: Up 1.73%. Meanwhile, the stock hit a life high of Rs 922.90 per share earlier in the intraday trade today.
United Breweries: Up 0.32%. Meanwhile, the stock hit a 52-week high of Rs 1,6347.40 per share earlier in the intraday trade today.
Tube Investment: Down 0.48%. Meanwhile, the stock hit a life high of Rs 1,526.40 per share earlier in the intraday trade today.
IndiGo: Up 8.81%. Meanwhile, the stock hit a life high of Rs 2,173.85 per share earlier in the intraday trade today.
Larsen & Turbo: Up 0.51%. Meanwhile, the stock hit a life high of Rs 1,741.70 per share earlier in the intraday trade today.
Stocks Trading at a Loss
PSU Banks: Under pressure. Stocks like Central Bank – down 1.94%; Indian Bank – down 2.77%; Bank of India – down 3.33%; IOB – down 4.62%, SBI – down 1.88%, Yes Bank – down 10.54%; IDBI Bank – down 7.47%; Punjab & Sind Bank – down 5.65% and Bank of Maharashtra – down 5.76% were trading at a loss.
Metal Stocks: Under pressure. Stocks like Vedanta – down 3.71%; Jindal Stainless – down 4.58%; Tata Steel – down 4.64%; SAIL – down 3.60%; NALCO – down 3.37% and NMDC – down 3.71% were trading at a loss.
Realty Stocks: Under pressure. Stocks like Prestige Estates – down 2.42%; Sunteck Real Estate – down 1.32%; Brigade Enterprises – down 2.81% and DLF – down 2.16% were trading at a loss.
Indian Hotels: Down 3.97%.
Bharat Forge: Down 2.45%.
ABB Power Products: Down 2.80%.
NACL Industries: Down 3.37%.
Vodafone Idea: Down 4%.
BHEL: Down 2.41%.
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