ZEEL, Paras Defence IPO to Hotel Stocks - here are top Buzzing Stocks today
The Board of Directors of Zee Entertainment Enterprises Limited (ZEEL), unanimously provided an in-principal approval for the merger between Sony Pictures Networks India (SPNI) & ZEEL.
Domestic stock markets were trading with minor gains on Wednesday’s noon deals. At 12:59 pm, the S&P BSE Sensex was trading 39.21 points or 0.07% up at 59,044.48, while the Nifty 50 was trading 18.50 points or 0.11% up at 17,580.50. 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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Stock in News
Zee Entertainment: up 23.74%. The Board of Directors of Zee Entertainment Enterprises Limited (ZEEL), unanimously provided an in-principal approval for the merger between Sony Pictures Networks India (SPNI) & ZEEL. The Board has evaluated not only on financial parameters but also on the strategic value which the partner brings to the table.
Nazara Technologies: Up 0.47%. Publishme Global FZ LLC, one of step- down wholly-owned subsidiary of the Company, has signed definitive agreements with Arrakis Tanitim Organizasyon Pazarlama San. Tic. Ltd. Sti. (Publishme) and the founders and shareholders of Publishme and Nazara Technologies FZ LLC. It has signed an agreement for the proposed acquisition of a 100% stake of Publishme through secondary purchase from the founders and existing shareholders of Publishme and subscription of 30.82% stake by the founders of Publishme in Publishme Global FZ LLC. Post completion of both above transactions, the Company through its step-down wholly-owned subsidiary company i.e., Publishme Global FZ LLC, will hold a 69.18% stake in Publishme. The shares were acquired for Rs 17.2 crore Publishme is a full-service games marketing and publishing agency that works extensively with gaming publishers in Turkey and MENA region.
Bhansali Engineering: Up 7.98%. Bhansali Engineering Polymers Limited has received Environmental Clearance from the Impact Assessment Division of Ministry of Environment, Forest and Climate Change for Expansion of High
Rubber Graft - HRG (Rubber Rich ABS) unit from 15000 TPA to 50000 TPA for Company's Satnoor Plant located at Bhansali Nagar, Taluka Sausar, District Chhindwara, Madhya Pradesh.
Surya Roshni: Up 4.78%. The company has received orders worth Rs 41.22 crore for LED street lights from Greater Noida Industrial Development Authority (GNIDA).
MTAR Technologies: Up 2.28%. The company has received NADCAP certification for its 100% Export Orient Unit (EOU) and Unit 5 in Telangana for 12 months, valid until November 2022. It has received certification from
NADCAP Management Council for chemical processing, painting & dry film coatings, and solution analysis & testing for our facilities at 100% EOU & Unit 5 in Telangana.
Infosys: Up 0.72%. Infosys collaborates with ServiceNow to provide enterprise-level service management for manufacturing customers.
KEC International: Down 0.48%. Engineering, procurement and construction major KEC International Ltd on Tuesday said it has bagged orders worth Rs 1,157 crore across its various businesses. In the transmission and distribution segment, it has bagged orders worth Rs 663 crore for projects in the Middle East, Africa, and the Americas. In the railways' segment, it has orders of Rs 220 crore for 2 x 25 kilovolts (kV) overhead electrification and associated works for speed up-gradation in India. In the civil segment, it has secured an order of Rs 173 crore for the construction of a new airport terminal building and associated works in southern India. In the cables business, it has secured orders of Rs 101 crore for various types of cables in India and overseas.
Torrent Power: Down 0.06%. Torrent Power Limited has entered into a Share Purchase Agreement with CESC Limited, Haldia Energy Limited and other Nominal Shareholders for the acquisition of 100% of the share capital of
Surya Vidyut Limited (the SPV), a wholly-owned subsidiary of CESC Limited. Surya Vidyut operates 156 MW Wind power plants (the Projects), spread across the states of Gujarat, Rajasthan and Madhya Pradesh. Enterprise Value estimated for this acquisition is about Rs 790 crore. Surya Vidyut’s turnover in FY2021 stood at Rs 117.39 crore.
Paras Defence IPO: The Rs 170 crore initial public offering (IPO) of Paras Defence and Space Technologies Limited was subscribed 26.42 times by 12:48 pm on Wednesday, the second day of bidding. The subscription will close on Thursday, September 23, 2021. The price band for the issue of the Mumbai-based defence company has been fixed at Rs 165-175 per share. The issue comprises a fresh issue of Rs 140.6 crore by the company and an offer for sale of up to 17,24,490 equity shares worth Rs 30 crore by existing shareholders including Paras Defence promoters. Retail investors can subscribe to the IPO by placing bids in the lot of 85 equity shares and multiples of 85 thereafter.
BLS International: Up 6.16%.
Heranba Industries: Up 7.71%.
Abbott India: Up 2.65%.
HCL Technologies: Up 1.19%.
Lincoln Pharmaceuticals: Up 3.64%.
GR Infra Projects: Up 13.39%.
Clean Science and Technology: Up 2.19%.
Tata Motors: Up 2.20%.
Exide Industries: Up 2.41%.
Inox Leisure: Up 3.68%.
Vijaya Diagnostics: Up 3.35%
Affle India: Up 1.56%.
NCL Industries: Up 2.04%.
Astra Microwave: Up 6.23%.
IndiaMART InterMESH: Up 5.05%.
Aarti Surfactants: Up 4.65%.
Galaxy Surfactants: Up 2.85%.
RIL: Up 0.95%.
Oil India: Up 3.02%.
Thirumalai Chemical: Up 7.19%.
Suven Lifesciences: Up 6.92%.
Welspun Enterprises: Up 3.37%.
Grauer & Weil: Up 4.31%.
Ami Organics: Up 13.98%.
DLF: Up 8.86%.
JSPL: Up 1.38%.
Phoenix Mills: Up 3.79%.
Tata Steel: Up 1.23%.
Coal India: Up 2.30%.
Strides Pharma: Up 6.19%.
Sonata Software: Up 6.27%.
Apollo Tyres: Up 4.46%.
Media Stocks: Moving up. Stocks like Zee Entertainment – up 23.74%; Dish TV – up 6.65%; Sun TV – up 4.84%; Network 18 – up 4.51% were trading higher.
Tyre Stocks: Moving up. Stocks like JK Tyre – up 3.22%; CEAT – up 2.84%; Apollo Tyre – up 4.67% and MRF – up 1.48% were trading higher.
Liquor Stocks: Moving up. Stocks like Globus Spirits – up 5%; IFB Agro – up 1%; GM Breweries – up 2.38% were trading higher.
Logistics Stocks: Moving up. Stocks like Sical Logistics – up 2.35%; VRL Logistics – up 16.54%; GATI – up 3.60% and Mahindra Logistics – up 4.17% were trading higher.
Fertilizer Stocks: Moving up. Stocks like GNFC – up 1.42%; Mangalore Chemicals – up 1.52%; Chambal Fertilizers – up 0.76% and GSFC – up 2.18% were trading higher.
Tour & Travel Stocks: Moving up. Stocks like BLS International – up 5.19%; Easy Trip Planners – up 3.48%; IRCTC – up 1.53% and ITDC – up 1.04% were trading higher.
Hotel Stocks: Moving up. Stocks like Indian Hotels – up 5.44%; Taj GVK – up 3.55%; Kamat Hotels – up 3.68%; Oriental Hotels – up 3.55% and Advani Hotels – up 13.67% were trading higher.
Chemical Stocks: Moving up. Stocks like Himadri Speciality – up 2.08%; Gujarat Alkalies – up 8.79% were trading higher.
Cigarette Stocks: Moving up. Stocks like Golden Tobacco – up 4.98%; Godfrey Phillips – up 2.22%; VST Industries – up 1.94% and ITC – up 0.29% were trading higher.
Housing Finance Stocks: Moving up. Stocks like IB Housing – up 2.97%; LIC Housing – up 3.93%; GIC Housing – up 2.43%; Can Fin Homes – up 1.85% were trading higher.
Birla Group Stocks: Moving up. Stocks like AB Money – up 3.56%; AB Fashion – up 2.75% and AB Capital – up 1.52% were trading higher.
Stocks at Life High
Mindtree: Up 3.87%. Meanwhile, the stock hit the life high of Rs 4,569.90 per share earlier in the intraday deals today.
L&T Technology: Up 3.17%. Meanwhile, the stock hit the life high of Rs 4,746.80 per share earlier in the intraday deals today.
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