PSU Stocks, Tata Group Stocks to Marico - here are top Buzzing Stocks today
At 12:31 pm. The S&P BSE Sensex was trading 170.73 points or 0.29% higher at 59,915.61. The Nifty 50 index was trading with a gain of 44.65 points or 0.25 per cent at 17,866.95
Domestic equity indices were trading with marginal gains on Wednesday's noon deals. At 12:31 pm. The S&P BSE Sensex was trading 170.73 points or 0.29% higher at 59,915.61. The Nifty 50 index was trading with a gain of 44.65 points or 0.25 per cent at 17,866.95 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
PSU Stocks: On a move. Stocks like Hindustan Copper - up 7.46%; NLC India - up 6.12%; IRCTC - up 7.13%; GAIL - up 1.28%; ONGC - up 3.21% and MMTC - up 1.21% were trading with gains.
Tata Group Stocks: On a move. Stocks like Tata Coffee - up 5.43%; Tata Elxsi -up 5.85%; NELCO - up 5%; Trent - up 3.05%; Tata Consumer Products - up 3.54%; Tata Chemicals - up 2.75%; and Indian Hotels - up 2.12% were trading with gains.
Tea & Coffee Stocks: On a move. Stocks like CCL Products - up 5.85%; Tata Coffee - up 5.43%; Harrisons Malayalam - up 2.44%; Jay Shree Tea - up 3.23%; Bombay Burman - up 1.40% were trading with gains.
Bharat Gears: Up 12.60%.
BOSCH: Up 9.64%.
Car Trade: Up 7.37%.
PTC India: Up 5.37%.
Sanghi Industries: Up 5.82%.
Indiabulls Housing: Up 4.32%.
Himatsingka Seide: Up 4.99%.
Ambika Cotton: Up 5.51%.
NESCO: Up 7.50%.
Infibeam Avenues: Up 6.21%.
Trident: Up 4.95%.
Nazara Technologies: Up 3.74%.
Suven Life: Up 5.57%.
GMDC: Up 2.90%.
NLC India: Up 5.72%.
Dishman Carbogen: Up 2.20%.
Bajaj Consumer: Up 1.57%.
Radico Khaitan: Up 3.01%.
Aarti Drugs: Up 2.21%.
Railtel: Up 5.67%.
Nectar Life: Up 11.33%.
Vivimed Labs: Up 4.90%.
IOL Chemicals: Up 3.55%.
Finolex Industries: Up 4.50%. The stock hit the all-time high of Rs 243.45 per share earlier in the intraday trade today.
Stocks in News
Marico: Up 3.67%. The company in its Q2FY21 performance update said that during the quarter, the sector witnessed improving demand trends as mobility levels increased with reducing COVID infections and accelerated vaccination drives. In the India business, the revenue growth in the quarter was in the low twenties, with volume growth close to double-digits on a 2-year CAGR basis. Parachute coconut oil delivered in line with medium-term aspirations. Value-added hair oils posted double-digit volume growth. Within the Saffola franchise, Saffola Edible Oils had a muted quarter, largely due to volatility in edible oil prices leading to trade destocking and partly owing to lower in-home consumption. Foods, on the other hand, continued to grow smartly, while premium personal care portfolios grew handsomely, albeit on a low base.
Godrej Consumer Products: Down 1.51%. The company in its summary for Q2FY22 said, that it expects close to double-digit sales growth driven largely by volume growth and calibrated price increases in India. It has witnessed broad-based sales growth in its Home Care and Personal Care Categories. In Indonesia, it expects a marginal decline in constant currency sales. In Godrej Africa, USA and the Middle East, growth momentum continued across most of our key countries of operations. Godrej Consumer expects sales growth in Latin America and SAARC businesses to be soft.
Force Motors: Up 2.21%. The automotive manufacturer in the monthly business update for September 2021 said it manufactured 2,159 units of vehicles in the period under observation, up 43.7% (YoY), as against 1,502 units manufactured in September 2020. It sold 1,968 units of vehicles in the domestic market, up 38.8% YoY, as against 1,502 units. It exported 272 units, up 24.5% (YoY), as against 218 units exported last year.
Bajaj Finance: Up 1.12%. The company in its business update for Q2FY22 said that the customer franchise as of September 30, 2021, stood at 52.8 MM as compared to 44.1 MM as of September 30, 2020. The Company acquired 2.4 MM new customers in Q2FY22 as compared to 1.2 MM in Q2FY21. New loans booked during Q2FY22 were 6.3 MM as compared to 3.6 MM in Q2FY21. Assets under management (AUM) stood at approximately Rs 1,66,900 crore as of September 30, 2021, as compared to Rs 1,37,090 crore as of September 30, 2020. AUM in Q2FY22, adjusted for IPO financing receivable grew by approximately Rs 10,600 crore. The deposit book in Q2FY22 grew by approximately Rs 750 crore.
RBL Bank: Down 2.64%. The private lender in its business update for Q2FY22 said the mix of retail: wholesale advances was approx. 55:45. Total deposits stood at Rs 75,588 crore as of September 30, 2021, up 17% YoY and 1% QoQ. Retail LCR Deposit was Rs 31,398 crore in the quarter, up 42% YoY and 6% QoQ. CASA stood at Rs 26,734 crore in the period, up 33% YoY and 7% QoQ. The CASA ratio stands at 35.3%. Gross advances grew to Rs 58,046 crore, up 1% YoY. The liquidity Coverage Ratio stands at 155%.
AU Small Finance Bank: Down 0.16%. The private lender in its business update for Q2FY22 said the total deposit stood at Rs 39,034 crore as of September 30, 2021, up 45% YoY and 5% QoQ. Loam AUM was Rs 38,011 crore, up 24% YoY and 4% QoQ. Gross Advances stood at Rs 36,405, up 32% YoY and 5% QoQ. CASA ratio stands at 30% It added that the collection efficiency has been lower than in June.
Coal India: Down Coal India Ltd (CIL) in its Board Meeting has accorded its in-principle approval to pre Feasibility Report for setting up of Integrated Greenfield Aluminium project in Odisha which shall include Bauxite Mining, Alumina Refinery, Aluminium Smelter and associated captive Power Plant by its wholly-owned subsidiary Mahanadi coalfields Limited (MCL).
Raymond Ltd: Up 1.61%. Textile to auto ancillary conglomerate Raymond’s real estate arm Raymond Realty has said that it is planning to expand the realty business through joint developments. In the first phase, the company will develop 10-lakh-square-foot commercial projects including Grade A offices and high-street retail components. The company is also planning to build premium residential apartments spread across 10-lakh-square-foot.
JSW Steel (down 1.16%)/Hindalco (down 1.47%): The Ministry of Coal has allowed the sale of coal or lignite, on payment of the additional amount, by the lessee of a captive mine up to 50% of the total coal or lignite produced in a financial year, after meeting the requirement of the end-use plant linked with the mine. The move is likely to benefit over 100 captive coal and lignite blocks with over 500 million ton per annum Peak Rated Capacity as well as all coal and lignite bearing States.
Cadila Healthcare: Down 0.56%. Drug firm Cadila Healthcare on Tuesday said it has received permission from the Drug Controller General of India (DCGI) for conducting phase III trials for its two-dose COVID-19 vaccine ZyCoV-D, reported by PTI.
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
RCB vs CSK IPL 2024 Ticket Booking Online: Where and how to buy RCB vs CSK tickets online - Check IPL Match 68 ticket price, other details
Gold and Silver rate today (May 14, 2024): Precious metals trade in green; yellow metal above Rs 72,000 once again, white metal near Rs 85,350
Bandhan Bank Q4 FY24 Results Preview: PAT, interest income likely to grow in almost double digits; asset quality may improve
TBO Tek IPO Listing LIVE Update: Bumper Debut! Share list at 55% premium - Buy, sell or hold? Check Anil Singhvi's view
SIP Returns: How Rs 3,000, 5,000, and Rs 10,000 SIPs can help you build retirement corpus of Rs 1.06 cr, Rs 1.77 cr, and Rs 3.53 cr
01:19 PM IST