L&T, AB Capital to Banking & Financial stocks - here are top Buzzing Stocks today
Domestic stocks markets were trading more than 1% up in Monday’s noon deals amid favourable global cues and further fall in daily Covid-19 cases across the country.
Domestic stocks markets were trading more than 1% up in Monday’s noon deals amid favourable global cues and further fall in daily Covid-19 cases across the country. At 1:08 pm, the barometer index, S&P BSE Sensex surged 626.32 points or 1.29% to trade higher at 49,358.87. The Nifty 50 index jumped 173.25 points or 1.18% to trade at 14,851.05. 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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Larsen & Turbo (L&T): Down 1.66%. The construction engineering company has reported a 3% Year-on-Year rise in consolidated profit at Rs 3,293 crore for the quarter ended March 31, 2021. It has posted a consolidated profit of Rs 3,197 crore for the same quarter ended last financial year.
Cipla: Down 2.83% The pharmaceutical company has reported a 72% YoY rise in the profit at Rs 411 crore for the quarter ended March 31, 2021 (Q4FY21). It had reported a profit of Rs 239 crore of the same quarter of the previous financial year (Q4FY20). Revenue from operations rose 5% YoY to Rs 4.606 crore as against Rs 4,376 crore posted last year. EBITDA stood at Rs 796 crore, up 26% from Rs 633 crore posted last year. Margin improved to 17.3% in Q4FY21 as against 14.5% posted in Q4FY20. Geographical performance
Balkrishna Industries: Buzzing and hits 10% upper circuit. The tyre manufacturing company has reported a 42.6% YoY rise in the consolidated profit at Rs 378 crore for the quarter ended March 31, 2021. It had reported a profit of Rs 265 crore in the same quarter of the previous financial year.
Just Dial: Down 6.63%. The company has reported a 55.8% YoY decline in the consolidated profit at Rs 33.6 crore for the quarter ended March 31, 2021. It had posted a profit of Rs 76.1 crore in the same quarter of the previous financial year.
Oberoi Realty: Down 0.23%. Real Estate Company has reported a 14.3% YoY rise in consolidated profit at Rs 286.9 crore for the quarter ended March 31, 2021. It had posted a profit of Rs 250.9 crore in the same quarter of the previous financial year.
Aditya Birla Capital: Up 2.27% The company has reported a 161.1% YoY rise in the consolidated profit at Rs 375.2 crore for the quarter ended March 31, 2021. It had reported a profit of Rs 143.7 crore in the same quarter of the previous financial year.
Cheviot: Buzzing and hits 20% upper circuit. The manufacture and exporter of jute yarns and fabrics have reported a 643% YoY jump in the profits at Rs 26 crore for the quarter ended March 31, 2021. It had posted a profit of Rs 3.5 crore in the same quarter of the previous financial year.
Stocks in News
Dr Reddy: Up 0.45%. There are reports that the second consignment of Covid vaccine Sputnik V (60k doses) has arrived in India. Chief Minister of Delhi Arvind Kejriwal on Saturday said his government has written to Dr Reddy's Laboratories for the supply of around 67 lakh doses of Russian COVID-19 vaccine Sputnik V. Besides, the first batch of 2-deoxy-D-glucose (2-DG) drug will be launched. Hyderabad-based Dr Reddy's Laboratories is manufacturing the drug for public use.
Hester Biosciences: Buzzing and trading 15.20% higher. The company has filed clearance about the news on Hester tying up with Gujarat Biotechnology Research Centre, Department of Science & Technology, Government of Gujarat and with Omnibrx towards manufacturing Covid vaccine. It said, a triparty consortium has been formed with the Government of Gujarat as the lead partner, to explore the prospects of manufacturing the Covid vaccine through technology from Bharat Biotech.
Adani Green Energy: Buzzing and trading 5% higher. The company is in advanced talks to buy SoftBank-backed SB Energy and the deal could value at over $650 million. A deal could help Adani Green to reach its planned generation capacity of 25 gigawatts by 2025
Zensar Technologies: Buzzing and trading 5.27% higher. Zensar Technologies Inc, the USA, a wholly-owned subsidiary of the Company, has entered into a definitive agreement(s)/document(s) for the acquisition of 100% of the membership interests in M3bi, LLC, USA. M3bi is a Data Engineering, Big Data & Advanced Analytics and Digital Engineering firm.
Shilpa Medicare: Buzzing and trading 9.63% higher near 10% upper circuit. Its wholly-owned subsidiary Shilpa Biologicals Private Limited has tied with Dr Reddy's for production of the Sputnik V vaccine.
Hero MotoCorp: Up 2.24%. The two-wheeler company will restart production at three of its plants in Haryana and Uttarakhand from today. The company had halted the plant operations temporarily in a staggered manner from April 22 to May 16.
Kesoram Industries: Up 3.04%. Board of Directors of the Company has approved raising of funds up to Rs. 600 crore, by way of issuance of securities of the Company. Out of the total amount of funds to be raised, Rs 200 crore shall be raised by issuance and allotment of equity shares by way of a rights issue.
PNB: Up 2.31%. Capital Raising Committee of the Bank has approved the closure of QIP on Friday and issue a price of Rs 33.75 per share. The issue price is at a discount of 5% to the floor price of Rs 35.51 per share. It has issued 53.33 crore shares at Rs 33.75 per share. Investors like SOCIETE GENERALE and Morgan Stanley have participated in the QIP.
Dishman Carbogen: Buzzing and trading 6.72% higher. The company today said that it is not a large corporate as per the applicability criteria given under the said SEBI circular as of March 31, 2021.
Kolte-Patil Developers: Up 1.18%. Kolte-Patil announced the signing of two new projects in Pune under the Development Management (DM) model.
TVS Motor: Up 4.10%. The two-wheeler and three-wheeler manufacturer globally, today announced that the TVS NTORQ 125, its sporty, Bluetooth connected scooter, has crossed the sales milestone of 1 lakh units in international markets.
Banking Stocks: Buzzing and Nifty Bank index was trading 2.86% up. Banking stocks like SBI – up 4.99%, Federal Bank – up 4.08 per cent, IndusInd Bank – up 3.96%, ICICI Bank – up 3.48% and RBL Bank – up 3.33%, among others were trading bullishly.
Financial Stocks: Buzzing and Nifty Financial Services index was trading 2.11% higher. Financial stocks like Muthoot Finance – up 5.22%, Bajaj Finserv – up 2.95%, Shriram Transport Finance Company – up 2.78% among others were trading bullishly.
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