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ZEEL, Defence Sector Stocks to Anand Rathi IPO - here are top Buzzing Stocks today
The equity benchmarks extended the losses and were trading near the day's low with the Nifty below 17,050 level in the noon deals of Monday, December 6, 2021.
The equity benchmarks extended the losses and were trading near the day's low with the Nifty below 17,050 level in the noon deals of Monday, December 6, 2021. At 12:35 pm, the S&P BSE Sensex was trading 486.12 points or 0.84 per cent lower at 57,210.34. The Nifty 50 index was trading 146.90 points or 0.85 per cent down at 17,049.80. 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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Zee Entertainment: Up 3.25%. Meanwhile, the stock hit the 52-week high of Rs 364 per share earlier in the intraday trade today.
NBCC: Up 1.29%.
Elgi Equipment: Up 5.49%.
MTNL: Up 6.35%.
BEML: Up 4.22%.
Indo Count Industries: Up 11.31%.
BEML: Up 4.22%
Metropolis: Up 3.44%.
Aditya Birla Capital: Up 3.09%.
Poonawalla Fincorp: Up 4.98%.
Yes Bank: Up 1.59%.
KEI Industries: Up 4.69%.
MMTC: Up 6.46%.
SKF: Up 3.96%.
Inox Wind: Up 2.95%.
GE T&D: Up 4.28%.
Rain Industries: Up 1.71%.
GSK Pharma: Up 3.52%.
Defence Sector Stocks: On a move. Stocks like Walchandnagar Industries - up 4.96%; BHEL - up 1.99%; Reliance Naval - up 1.79% and BEL - up 0.87% - were trading with gains.
Agri Sector Stocks: On a move. Stocks like Jain Irrigation - up 4.93%; UPL Ltd. - up 1.87%; Avanti Feeds - up 1.22%; Dhanuka Agritech - up 1.32% and Kaveri Seed - up 0.95% were trading with gains.
Power Stocks: On a move. Stocks like Reliance Infrastructure - up 4.97%; BHEL - up 1.99%; NHPC - up 2.15%; REC - up 0.87%; CESC - up 1.12% and Adani Transmission - up 1.03% were trading with gains
Retail Stocks: On a move. Stocks like V2 Retail - up 5%; Future Lifestyle - up 1.55% ; Shoppers Stop - up 1.54% and Spencer's Retail - up 1% were trading with gains.
Stocks in News
Vodafone Idea: Up 7.96%. The telecom in its clarification to the news item published in a national daily on getting back the bank guarantees from DoT said it has not received any bank guarantees from DoT. It added that the reform package announced by the government on September 15, 2021, reads "there are no requirements for multiple Bank Guarantees (BGs) in different Licenced Service Areas (LSAs) regions in the country. Instead, One BG will be enough."
Cheviot: Up 6.98%. The Board of Directors of Cheviot Company Ltd on Saturday approved a proposal for Buy-Back of up to 2,50,000 fully paid-up ordinary shares of the company for Rs 1,725 per ordinary share ('Buy-Back Price') payable in cash for an aggregate amount of up to Rs 43,12,50,000. It has fixed Friday, December 17, 2021, as the 'Record Date' to determine the members/beneficial owners ("Shareholders") who shall be entitled to participate in the Buy-Back offer of the Company.
PFS: Up 2.18%. PTC India Financial Services Limited (PFS) has announced that it shall receive its share of around Rs 125 Crore as part of the total resolution amount from one of its stressed loan accounts in the thermal segment namely the 2x600 MW coal power plant located at Cuddalore District in Tamil Nadu. The instant project has been implemented by IL&FS Tamil Nadu Power Company Ltd. (ITPCL). PFS had sanctioned a total loan of Rs. 200 crores under consortium arrangement to ITPCL for implementing the instant project.
Eris Lifesciences: Up 2.96%. Drugmaker Eris Lifesciences has said that it has formed a joint venture with Mumbai-based MJ Biopharm Private Limited for expansion of product portfolio to offer biotherapeutic options to the patients in the cardio-metabolic segment. Under the 70:30 joint venture, Eris will hold a 70% stake while the remaining 30% stakes will stay with MJ Biopharm. Eris now bridges an important gap in its diabetes care portfolio through the joint venture with MJ Biopharm.
Parag Milk: Up 2.62%. The leading manufacturer and marketer of dairy-based branded products in India stand out to be the beneficiary of the PLI Scheme – Category 1 of Mozzarella cheese. The PLI scheme for the food processing industry, to be implemented during 2021-22 to 2026-27 with an outlay of Rs 10,900 crore, was approved by the Cabinet on March 31, 2021. The scheme is essentially meant for Indian companies and subsidiaries of MNCs operating in India with minimum sales of food products manufactured in India, it added.
Happiest Minds Technologies: Up 5%. A ‘Born Digital. Born Agile’, Mindful IT Company, today announced that it has been ranked among India’s Top 25 Best Workplaces in IT & IT-BPM 2021 by Great Place to Work InstituteTM.
TCS: Down 1.77%. Tata Consultancy Services (TCS) has won the award for the Best Patents Portfolio in the Large Enterprises (Information and Communications Technology and Services) category at the Confederation of Indian Industry (CII) Industrial Intellectual Property (IP) Awards 2021. TCS won this award for the fifth consecutive year.
Tech Mahindra: Down 1.91%. The company has announced that it has acquired a 100% stake in Activus Connect, a leading provider of work at home customer experience management solutions. Tech Mahindra will pay total consideration of up to USD 6.2 crore including earnouts for the acquisition. The acquisition will bolster Tech Mahindra’s capabilities in emerging workplace solutions and strengthen the end-to-end CX portfolio.
NMDC: Down 1.71%. The Board of Directors of the Company has approved an interim dividend of Rs 9.01 per equity share of the face value of Re 1 each for the financial year 2021-22. It has fixed December 15, 2021, as the record date for payment of interim dividend.
IGL: Down 2.34%. Indraprastha Gas Limited (IGL) has hiked CNG prices in Delhi, Haryana and Rajasthan from December 4, 2021.
Tata Motors: Down 1.29%. Tata Motors, Honda and Renault (reportedly) will increase vehicle prices from January 2022 to offset the impact of input costs that are continuing to increase.
Anand Rathi IPO: The Rs 660 crore initial public offering (IPO) of Anand Rathi Wealth Limited, the wealth management arm of Anand Rathi Financial Services, was subscribed 3.93 times by 11:53 am on the third and last day for bidding. The Qualified Institutional Buyers (QIBs) portion was subscribed 0.17 times while the Non Institutional Investors and Retail Individual Investors (RIIs) portions were subscribed 4.49 times and 6.03 times, respectively. The portion reserved for the employees was subscribed 0.74 times. The price band of the issue has been fixed at Rs 530-550 per share. Retail investors can place a bid for a lot of 27 equity shares and in multiples thereof.
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