Newsmakers: Cheviot, Vodafone Idea, Tata Motors and Tech Mahindra among top 10 stocks that moved most on December 6
Amid weak global cues, the Indian market extends weakness on Monday. The Sensex closed over 900 points from the day’s high, and the Nifty50 fell below key support level of the 17000-mark. The decline is mainly led by the IT, auto, bank and FMCG stocks as the Omicron, a covid variant, cases rise in India. At the market close, the BSE Sensex plunged 949 points or 1.65 per cent to 56747, and Nifty50 fell nearly 285 points or 1.65 per cent to 16,912 at the market close on Monday. Even the broader markets registered weakness as mid and small-cap closed over 1.5 and 1 per lower respectively. Of 50 scrips on Nifty50, mere 2 ended in the green, while 48 closed in the red. IndusInd Bank tumbled most by around 4 per cent, followed by Bajaj Finserv and Tata Consumer each down between 3-3.5 per cent at the market close today. Here is a list of 10 buzzing stocks to watch out for:
Cheviot: Up 6.10%
As per BSE, the shares of the company closed in the green at Rs 1453 with a gain of 6.10 per cent. 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. Source: groupcheviot.net
Vodafone Idea: Up 4.02%
The shares of the company closed in the green at Rs 15.02 with a gain of 4.02 per cent, as per BSE. As per NSE, the shares of the company closed in the green at Rs 14.70 with a gain of 1.73 per cent. 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." Source: Vi Customer Care Twitter
Happiest Minds Technologies: Up 2.72%
The shares of the company closed in the green at Rs 1313.30 with a gain of 2.72 per cent as per BSE. As per NSE, the shares of the company closed in the green at Rs 1307 with a gain of 2.08 per cent. 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. Source: happiestminds.com
PFS: Up 2.72%
The shares of the company closed in the green at Rs 18.85 with a gain of 2.72 per cent as per NSE. As per BSE, the shares of the company closed in the green at Rs 18.65 with a gain of 1.91 per cent. 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. Source: ptcfinancial.com
Zee Entertainment: Up 1.97%
The shares of the company closed in the green at Rs 356.45 with a gain of 1.97 per cent, as per NSE. As per BSE, the shares of the company closed in the green at Rs 356.50 with a gain of 1.86 per cent. Meanwhile, the stock hit the 52-week high of Rs 364 per share earlier in the intraday trade today. Source: Zee Twitter
Eris Lifesciences: Down 0.75%
The shares of this company closed in red at Rs 700.40 with a drop of 0.75 per cent as per BSE. As per NSE, the shares of the company closed in red at Rs 686 with a drop of 2.71 per cent. 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. Source: eris.co.in
NMDC: Down 1.75%
The shares of the company closed in the red at Rs 143.40 with a fall of 1.75 per cent as per NSE. As per BSE, the shares of the company closed in the red at Rs 143.00 with a drop of 2.16 per cent. 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. Source: NMDC Twitter
Tata Motors: Down 2.53%
The shares of the company closed in the red at Rs 467.95 with a drop of 2.53 per cent as per NSE. As per BSE, the shares of the company closed in the red at Rs 467.30 with a fall of 2.65 per cent. 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. Source: Reuters
Tech Mahindra: Down 2.53%
The shares of the company closed in red at Rs 1,552.95 with a fall of 2.53 per crent, as per NSE. As per BSE, the shares of the company closed in red at Rs 1552.05 with a drop of 2.56 per cent. 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. Source: Tech Mahindra Twitter
TCS: Down 2.89%
The shares of the company closed in the red at Rs 3534.35 with a drop of 2.89 per cent as per BSE. As per NSE, the shares of the company closed in the red at Rs 3,533.80 with a fall of 2.93 per cent. 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. Source: TCS Twitter