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Vodafone Idea, metal stocks to Vedanta - here are top Buzzing Stocks today
The equity markets were trading with marginal gains in the noon deals in the volatile trade of Thursday, December 9, 2021. At 1:17 pm, the S&P BSE Sensex was trading with a gain of 211.16 points or 0.36 per cent at 58,860.84.
The equity markets were trading with marginal gains in the noon deals in the volatile trade of Thursday, December 9, 2021. At 1:17 pm, the S&P BSE Sensex was trading with a gain of 211.16 points or 0.36 per cent at 58,860.84. The Nifty 50 index added 57.70 points or 0.33 per cent to trade at 17,527.45. 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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Vodafone Idea: Up 15.03%.
Venus Remedies: Up 6.60%
JM Financials: Up 7.83%.
RVNL: Up 3.74%.
JK Paper: Up 1.77%.
BPCL: Up 1.27%.
NBCC: Up 2.65%
Gateway Distriparks: Up 5.59%.
Natco Pharma: Up 3.40%.
Aditya Birla Capital: Up 5.59%.
Sharda Cropchem: Up 5.64%.
Just Dial: Up 12.82%.
Varroc Engineering: Up 4.03%.
Zee Entertainment: Up 3.11%.
IIFL: Up 2%.
Adani Total Gas: Up 3.08%.
Maan Aluminium: Up 6.22%.
Metal Stocks: On a move with Nifty Metal index trading 0.40% higher. Stocks like Vedanta - up 2.21%; APL Apollo - up 2%; Hindustan Zinc - up 1.59%; SAIL - up 1.13%; Coal India - up 1.13%; and Adani Enterprises - up 1.02% were trading with gains.
PSU Banks: On a move with Nifty PSU Bank index trading 0.43% higher. Stocks like Central Bank - up 4.13%; IOB - up 3.32%; PSB - up 2.11%; Maharashtra Bank - up 1.54%; UCO Bank - up 1.13% and Bank of India - up 0.89% were trading with gains.
Restaurant & QSR Stocks: On a move. Stocks like Devyani International - up 4.13%; Burger King - up 6.72% and Sapphire Foods - up 3.62% were trading with gains.
Auto Ancillary Stocks: On a move. Stocks like Rane Brake Lining - up 5.17%; Rane Madras - up 3.20%; PPAP Automotive - up 3.14%; JTEKT India - up 2.71%; LG Balakrishnan - up 3.12%; Sona BLW Precision - up 1.50% and Munjal Auto - up 1.62% were trading with gains.
Aviation Stocks: On a move. Stocks like SpiceJet - up 4.35%; Global Vectra - up 1.89% were trading with gains.
Defence Stocks: On a move. Stocks like Astra Microwave - up 3.47%; Reliance Naval - up 1.72%; Bharat Dynamics - up 1.11%; and HAL - up 0.69% were trading with gains.
Chemical Stocks: On a move. Stocks like Fineotex Chemical - up 9.05%; Andhra Petrochemicals - up 4%; GHCL - up 3.57%; Kanoria Chemicals - up 3.76%; Meghmani Organics - up 2.92%; Oriental Carbon - up 1.64% and NOCIL - up 1.07% were trading with gains.
Food Processing Stocks: On a move. Stocks like DFM Foods - 15.89%; Hindustan Foods - up 9.12%; Chaman Lal Setia - up 6.13%; KRBL - up 1.08% and ADF Foods - up 1.03% were trading with gains.
Hotel Stocks: On a move. Stocks like Advani Hotels - up 2.98%; ITC - up 1.60%; Royal Orchid - up 2.08% and Kamat Hotels - up 3.78% were trading with gains.
SBI Cards: Down 5.31%.
Phoenix Mills: Down 3.74%.
La Opala: Down 3.35%.
JSW Energy: Down 2.91%.
PTC India: Down 1.09%
Havells: Down 1.82%. Indo Count: Down 1.20%.
Cosmo Films: Down 2.02%.
Jindal Poly: Down 2.08%.
Pharma Stocks: Trading with a fall. Stocks like Biocon - down 2.30%; Eris Lifesciences - down 2.23%; Novartis India - down 1.62% and Alembic Pharma- down 1.30% were trading low.
IPO Update: RateGain Travel Technologies IPO + Shriram Properties IPO + C.E. Info Systems IPO
RateGain Travel IPO: The initial public offering of RateGain Travel Technologies Limited, a distribution technology and Software-as-a-Service (SaaS) company, was subscribed 4.76 times by 1:05 pm at BSE on Thursday, the third and the last day for bidding. The Qualified Institutional Buyers (QIBs) portion was subscribed 1.35 times while Non Institutional Investors (NII) and Retail Individual Investors (RIIs) portions were subscribed 11.26 times and 5.41 times respectively. The portion reserved for employees was subscribed 0.81 times. The three-day issue will conclude today. The company has fixed a price band of Rs 405-425 per equity share. At the upper end of the price band, the initial share sale is expected to fetch Rs 1,336 crore. The IPO comprises a fresh issue of equity shares aggregating up to Rs 375 crore and an offer-for-sale (OFS) of up to 2.26 crore equity shares worth Rs 961 crore by promoters and existing shareholders. The retail investors can place a bid for a lot of 35 Equity Shares and in multiples thereof.
Shriram Properties IPO: The initial public offering of Shriram Properties, a leading real estate developer and part of Shriram Group, was subscribed 1.26 times by 1:05 pm on Thursday, the second day for bidding. The Non-Institutional Investors (NII) and Retail Individual Investors (RIIs) portions were subscribed 0.05 times and 6.87 times respectively. The portion reserved for employees was subscribed 0.53 times. The three-day initial share sale will conclude on Friday, December 10, 2021. The price band for the public issue has been fixed at Rs 113-118 per share for its Rs 600-crore initial share sale. The initial public offering comprises a fresh issue of Rs 250 crore and an offer for sale of Rs 350 crore by investors. Investors can bid for a minimum of 125 equity shares and in multiples of 125 equity shares thereafter.
C.E. Info Systems IPO: The initial public offering of C.E. Info Systems Limited, which operates India's leading map and navigation services provider - MapmyIndia, was subscribed 1.04 times by 1:08 pm at BSE on Thursday, the first day of subscribing. The three-day initial share sale will conclude on Monday, December 13, 2021. The Qualified Institutional Buyers (QIBs) portion was subscribed 0.13 times while Non Institutional Investors (NII) and Retail Individual Investors (RIIs) portions were subscribed 0.11 times and 1.95 times respectively. The price band for the public issue has been fixed at Rs 1,000-1,033 per share. The company has plans to raise up to Rs 1,040 crore through an offer for the sale of existing shares. Investors can bid for a minimum of 14 equity shares and in multiples of 14 equity shares thereafter. The IPO is entirely an offer for sale of up to 10,063,945 equity shares by existing shareholders, including Qualcomm Asia Pacific Pte Ltd.
Stocks in News
Vedanta: Up 2.21%. The Board of Directors of the Company in its meeting scheduled on December 11, 2021, will consider and approve Second Interim Dividend on equity shares, if any, for the Financial Year 2021-22. The record date to determine the entitlement of the equity shareholders for the said dividend, if declared, is being fixed as Saturday, December 18, 2021.
Can Fin Homes: Up 4.28%. The Board of Directors of the Company in its meeting scheduled on December 14, 2021, will consider the proposal of payment of ''Interim Dividend'', if any, for the financial year 2021-22 and to fix ''Record date'' for payment of Interim Dividend.
Asian Paints: Up 2.11%. The company in its reply to InGovern’ s Report has said that the report published by InGovern, a corporate governance advisory firm, appears to be based on incorrect facts and premise-based on hearsay rather than any serious investigation. We believe the following narrative will help build a clear and distinct picture of the robust and rigorous process followed by the Company while dealing with related parties. We specifically, refute all the allegations made by InGovern in this Report relating to the Company and its practices with all the emphasis at our command. It added, Total purchases by Asian Paints Limited from Paladin amounted to only Rs.1.3 crores, that is 0. 2% and not 7% as reported. The report makes it clear that InGovern does not have adequate facts or data of the practices followed by the Audit Committee/Board of the Company for approval of related party transactions.
Railtel: Up 3.57%. RailTel Corporation of India Ltd. has received a work order from M/s. Ircon International Limited for Design, Supply, Installation, Testing & Commissioning of Tunnel communication system consisting of Emergency Call & Service Telephone, CCTV, Tunnel Radio and PA system in Tunnel Environment on Dharam - Banihal section of Jammu Kashmir Rail Link Project under Ferozepur division of Northern Railway at a total cost of Rs 210.77 Crore (Inclusive of GST). The entire work is to be completed in 12 months.
Gland Pharma: Up 1.26%. The generic injectable focused pharmaceutical company on Wednesday received tentative approval from the United States Food and Drug Administration (US FDA) for Cangrelor for Injection, 50 mg/vial Single-Dose Vials. Gland Pharma believes that we are amongst one of the first to file for this product and may be eligible for 180 days of generic drug exclusivity. Gland Pharma will launch the product with its marketing partner on receipt of final approval. Cangrelor is used during the percutaneous coronary intervention (PCI) for reducing the risk of heart attacks.
M&M (up 0.74%)/Reliance (up 2.19%): Jio-bp and Mahindra Group signs a non-binding MoU for EV and low-carbon solutions. Under the MoU, Mahindra Group and its channel partner locations will be evaluated for the setting up of Jio-bp Mobility Stations and EV charging and swapping points apart from utilizing existing Jio-bp stations. The MoU also covers evaluating charging solutions by Jio-bp for Mahindra vehicles including electric 3 and 4 wheelers, quadricycles and e-SCV (Small Commercial Vehicles – sub 4 ton). This would include captive fleets and last-mile mobility vehicles of Mahindra Group. The partnership aims to leverage the strengths of both companies in the areas of EV products and services.
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