Auto Stocks, Real Estate Stocks to Titan - here are top Buzzing Stocks today
At 12:34 pm, the S&P BSE Sensex was trading 721.75 points or 1.22% higher at 59,911.48. The Nifty 50 index was trading with a gain of 207.95 points or 1.18 per cent at 17,853.95.
Domestic equity indices further extended the gains and were trading over a per cent higher in Thursday's noon deals. The gains have pushed the Nifty and Sensex to trade above 17,850 and 59,900. At 12:34 pm, the S&P BSE Sensex was trading 721.75 points or 1.22% higher at 59,911.48. The Nifty 50 index was trading with a gain of 207.95 points or 1.18 per cent at 17,853.95. Meanwhile, certain stocks were in action in either direction based on reports linked to them. Here is a list of few such stocks:
See Zee Business Live TV Streaming Below:
Buzzing Stocks
RSWM: Up 6.74%.
Angel Broking: Up 2.84%.
Affle India: Up 5%.
Bandhan Bank: Up 4.73%.
Raddico Khaitan: Up 1.83%.
Just Dial: Up 1.17%.
Stocks to be added in F&O: 8 new stocks will enter the F&O space in the November series with effect from October 29, 2021. The eight stocks are Atul Ltd. - Up 6.43%; Birlasoft Ltd - up 4.45%, Chambal Fertilizer - up 11.49%, Firstsource Solution - up 7.23%, GSPL- up 3.90%, Laurus Labs - up 3.70%, SBI Cards - up 3.25% and Whirlpool India - up 4.34%.
Auto Stocks: On a move. Stocks like Tata Motors - up 9.18%; Ashok Leyland - up 5.28%; VST Tillers - up 3.16% and Atul Auto - up 5.93% were trading with gains.
Auto Ancillary Stocks: On a move. Stocks like FIEM Industries - up 5.89%; Motherson Sumi - up 5.68% and Suprajit Engineering - up 3.20% were trading with gains.
Aviation Stocks: On a move. Stocks like SpiceJet - up 4.94%; Jet Airways - up 0.50%; IndiGo - up 1.66%; Global Vectra Helicorp - up 5.04% and Taneja Aerospace - up 4.98% were trading with gains.
Real Estate Stocks: On a move. Stocks like Sobha - up 13.51%; Kolte Patil - up 5.62%; Purvankara - up 5.68%; Prestige Estate - up 6.65%; Oberoi Realty - up 9.06%; DLF - up 3.68% and Godrej Properties - up 5.55% were trading with gains.
Liquor Stocks: On a move. Stocks like McDowell Holdings - up 1.76%; IFB Agro - up 1.84%; UBL - up 3.26%; Pioneer Distilleries - up 4.19% and GM Breweries - up 8.41% were trading with gains.
Hotel Stocks: On a move. Stocks like Indian Hotels - up 6.07%; Kamat Hotels - up 5.33%; Royal Orchid - up 2.58% and Taj GVK - up 2.24% were trading with gains.
Jewellery Stocks: On a move. Stocks like Kalyan Jewellers - up 10.06%; Titan - up 9.73%; Thangamayil Jewellery - up 8.19%; Renaissance Global - up 2.19% and Goldiam International - up 3.41% were trading with gains.
Petro Product Stocks: On a move. Stocks like Chennai Petro - up 7.93%; Tamil Nadu Petroproducts - up 1.08% and IG Petrochemicals - up 1.12% were trading with gains.
Retail Stocks: On a move. Stocks like Trent - up 6.27%; V-Mart Retail - up 3.53%; Avenue Supermarts - up `1.59%; V2 Retail - up 2.30%; AB Fashion - up 7.79% and Shoppers Stop - up 2.37% were trading with gains.
Packaging Companies: On a move. Stocks like Tinplate - up 5.16%; Cosmo Films - up 3.89%; Jindal Poly Films - up 2.24%; Polyplex Corp - up 1.82% and Uflex - up 1.63% were trading with gains.
Stocks in News
Titan: Up 9.73%. The Indian luxury products company in its Q2FY22 quarterly update on Wednesday said, the Company witnessed a strong recovery in demand after the second wave. In its highlight for the quarter Titan said, its revenue in the jewellery segment grew 78% year-on-year and it opened 13 new stores in the quarter. Jewellery segment witnessed a string comeback in Q2FY22 bs Both plain and studded segments grew in double digits, however a much stronger growth in the plain segment led to studded mix being below pre-pandemic levels. Watches and wearables registered a revenue growth of 73% year-on-year and it opened 8 stores in the quarter. The division recovered rapidly in Q2 with sales acceleration witnessed across all product brands. The E-commerce sales also continued their growth momentum. Walk-ins continue to slowly improve with malls and LFS at 65% and 70% of pre-pandemic levels respectively. Healthy growth was witnessed in the eyewear segment with revenue rising 74% year-on-year and it opened 24 new stores in the segment in Q2FY22. A healthy growth was witnessed in the segment and the division's E-commerce push has progressed well with the launch of the Titan Eyeplus' App. Revenue in other businesses grew by 121% year-on-year. Revenue in TCL (standalone) grew 78% year-on-year and it opened 45 new stores of the same in this quarter. Revenue in TEAL (Titan Engineering and Automation Ltd ) dropped by 43%. CaratLane's business continued its growth trajectory with strong consumer demand in Q2 FY22 and revenue of the segment grew by 95% and it opened 2 new stores in the segment.
Sobha Limited: Up 13.51%. The company in its real estate operations update for the quarter ended September 30, 2021, on Wednesday, said it has clocked 49% YoY growth in sales bookings at Rs 1,030 crore during the second quarter of this fiscal as compared to Rs 690 crore posted in the year-ago period. Sequentially, the company sold properties worth Rs 683 in the previous quarter ended June 30, 2022. Sales value increased by 62% YoY and 50% QoQ to Rs 854 crore. The sales value stood at Rs 571 crore in Q1FY21 and Rs 531 crore in Q2FY21. Total average price realisation in Rs/Square feet increased to Rs 7637 from Rs 7,626 in Q1FY22 but dropped from Rs 7,737 in Q2FY21. The company has achieved the best-ever quarterly sales volume of 1,348,864 square feet of super built-up area valued at Rs 10.30 billion. It also achieved the best-ever Sobha Share of the sale value of Rs 8.54 billion.
Reliance Industries: Up 0.95%. Reliance Retail Ventures Limited (“RRVL”), through its wholly-owned subsidiary, 7-India Convenience Retail Limited, has entered into a master franchise agreement with 7-Eleven, Inc. (“SEI”) for the launch of 7-Eleven® convenience stores in India. The first 7-Eleven store is set to open on Saturday, October 9 in Andheri East, Mumbai.
Ramkrishna Forgings: Up 3.17%. The suppliers of rolled, forged and machined products have signed a Memorandum of Understanding (MOU) with a US-based technology partner for the development of Electric Vehicle Powertrain components for the Indian EV market. This marks the foray in a big way for both the entities into the EV market in India. The technology partner is a leading expert in magnetic engineering innovations. Their expertise lies in efficiency enhancement which bestows a superior hallmark over its peers in the various industries they operate in.
Telecom Stocks: Stocks like Vodafone Idea - up 0.87%, Bharti Airtel - up 0.91% and Reliance Industries - 0.95%. The government has reduced the penalty for delayed payment on the license fee. Besides, the Department of Telecom (DoT) has reduced bank guarantees of telecom companies and from now onwards, the companies will have to give only a 20% guarantee.
Indus Towers: Up 0.59%. DoT has also eased the process of installing mobile towers.
Nazara Technologies: Up 2.86%. The diversified gaming and sports media platform Nazara Technologies on Wednesday announced that its board has approved preferential allotment of fresh equity to raise Rs 315.30 crores from marquee institutional investors that include Singapore sovereign wealth fund GIC-managed investment firm Gamnat Pte Ltd and Ahmedabad-based Plutus Wealth Management. The Company will issue 1,429,266 equity shares of the face value of Rs 4 each at Rs 2,206 per equity share (a discount of 16%). As per SEBI ICDR Guidelines, these shares will be locked in for a period of 1 year from the date of issue. This infusion of fresh funds will be utilized to invest in growth initiatives of the company as well as pursue strategic acquisitions in the various business verticals of the company including gamified learning, freemium, skill-based real money gaming and esports as the company continues to expand its “Friends of Nazara” ecosystem. Apart from this investment, Nazara said that it has also issued 6.48 lakh equity shares worth Rs 143 crore at Rs 2,206 per equity shares to Unnati Management Consultants, an existing shareholder of OpenPlay Technologies, to acquire the balance 76.70% stake in skill gaming platform OpenPlay. After this acquisition, Open Play Technologies private limited will become a wholly-owned subsidiary of the company.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Special Live Trading Session on Saturday: Know why BSE, NSE will remain open on May 18; check timings
Gold and Silver rate today (May 16, 2024): Yellow metal futures subdued; white metal hits record high breaches Rs 87,000 mark
SBI Senior Citizen FD Rates: What Rs 1 lakh, Rs 3 lakh, and 5 lakh investments will give you in 1-, 3- and 5-year FDs
Top 7 SIP Mutual Funds in 1 Year: What Rs 10,000, Rs 15,000, and Rs 20,000 SIPs have given in each fund
12:58 PM IST