Tag: Buzzing Stocks

The Indian market is likely to open higher Wednesday following a rally in global markets as coronavirus vaccine hopes and fading uncertainty in the US politics boosted sentiment. At 8:00 am, the SGX Nifty was trading 58.50 points or 0.45 percent higher at 13,141.50, indicating a positive start for the Sensex and Nifty50.

Here are the top 10 buzzing stocks for today:

1. Muthoot Finance: The RBI has rejected Muthoot Finance’s proposal to acquire IDBI AMC.

2. Glenmark Pharmaceuticals: S&P Global Ratings has affirmed the company’s ‘BB-‘ ratings, off CreditWatch on easing refinancing risk; outlook Stable.

3. Mphasis: The IT firm said it has been awarded a US patent for its deep learning-based framework, Autocode.AI that automates software code development.

4. Max Financial Services: The company reported a profit of Rs 81 crore in Q2FY21 as compared to Rs 64.4 crore, and revenue increased to Rs 7,020 crore from Rs 4,686 crore YoY.

5. JSW Steel: The company has acquired balance 26.45 percent of the issued and paid-up share capital of JSW Vallabh Tinplate.

6. Union Bank of India: The state-run lender will raise up to Rs 1,000 crore from bonds to fund business growth.

7. TRF: The company has sought approval of the shareholders for sale of the entire stake held by subsidiary Dutch Lanka Trailer Manufacturers, in Tata International DLT, a 50:50 joint venture company of Tata International Limited and Dutch Lanka Trailer Manufacturers.

8. IRB Infrastructure Developers: Agra Etawah BOT Project implemented by AE Tollway (SPV) which is now part of IRB Infrastructure Trust – Private InvIT, has been issued a completion certificate by the competent authority. Consequently, toll rates for the SPV would be increased by 70 percent and the SPV will collect toll at revised toll rates on this project.

9. HFCL: Promoter MN Ventures Private Limited acquired 5 lakh equity shares of the company from the open market. The transaction has raised its holding to 22.48 percent from 22.44 percent.

10. Lasa Supergenerics: The company has received further injunction from the Bombay High Court, restraining its competitor from manufacturing albendazole in addition to other reliefs which is subject matter of patent infringement case.

The Indian market is likely to open on a flattish note Tuesday amid positive global cues on hopes of the COVID-19 vaccine. At 8:00 am, the SGX Nifty was trading 0.50 points lower at 12,952.50, indicating a flat start for the Sensex and Nifty50.

Here are the top 10 buzzing stocks for today:

1. Reliance Industries: The company’s subsidiary Jio Platforms has received the subscription amount of Rs 33,737 crore from Google International LLC for 7.73 percent stake. (Disclosure: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.)

2. Coal India: Four trade unions have served notice for a strike on November 26. Additionally, the company will increase non-coking coal price by Rs 10 per tonne effective December 1.

3. AU Small Finance Bank: The bank has sold 4.46 percent stake in Aavas Financiers.

4. Jubilant Industries: The company has executed an “Agreement to Sell” for transfer of portable liquor license of the company for manufacturing of Indian Made Foreign Liquor. Consequent to the transfer of the License, the company shall no longer be manufacturing Indian Made Foreign Liquor.

5. GMR Infrastructure: The company’s subsidiary GMR Kamalanga Energy is required to pay claims of Rs 1,005 crore to SEPCO Electric Power Construction towards project payments, prolongation costs, as confirmed by the arbitration tribunal. There is an existing provision of Rs 1,092 crore in GEKL books towards any such liability.

6. Exide Industries: The company further invested Rs 33.17 crore in its subsidiary (joint venture company) Exide Leclanche Energy and increased its shareholding to 80.15 percent.

7. Ingersoll-Rand (India): Ingersoll-Rand Inc proposed to sell up to 14.25 lakh equity shares in Ingersoll-Rand (India) via offer for sale at a floor price of Rs 578.6 per share on November 24-25.

8. Trigyn Technologies: The company’s contract with the United Nations for the provision of IT Staffing Support Service for Office of Information and Communication Technology (OICT) is now extended and will expire on 31 December 2021. Further the United Nations Not-To-Exceed Amount (NTE) of the Contract is revised from the existing US$ 194,160,722.84 to US$ 215,160,722.84.

9. Opto Circuits: The company reported a loss of Rs 4.67 crore in Q2FY21 as against loss of Rs 1,270.8 crore, revenue fell to Rs 17.5 crore from Rs 39.5 crore YoY.

10. HFCL: Promoter entity MN Ventures acquired 5 lakh equity shares in the company via open market transaction.

The Indian market is likely to open flar on Friday following a mixed trend in the Asian peers amid cautiousness over the rising coronavirus cases globally. At 8:10 am, the SGX Nifty was trading 24.00 points or 0.19 percent higher at 12,798.00, indicating a slightly positive start for the Sensex and Nifty50.

Here are the top 10 buzzing stocks for today:

1. Reliance Industries: Reliance Retail Ventures has completed fundraising of Rs 47,265 crore for a 10.09 percent stake in the company. (Disclosure: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.)

2. Infosys: Simplus, an Infosys Company, has announced a vaccine management cloud solution aligned with Salesforce Work.com for vaccines.

3. Wipro: The IT services major has been selected as Dow Jones Sustainability World Index (DJSI) member for the 11th consecutive year.

4. Bharti Infratel, Vodafone Idea: Vodafone Idea has sold its 11.15 percent stake in Indus Towers for Rs 3,760 crore.

5. SBI: The state-run largest lender has entered into MoU with Luxembourg Stock Exchange to promote ESG (Environmental, Social, and Corporate Governance) and green finance. With this Mou, LuxSE will create a sustainable environment for issuers, asset managers, and investors in terms of ESG focused funds and bonds.

6. Gland Pharma: The company’s shares will debut on bourses today.

7. Emami: The company has launched a complete range of home hygiene products under the brand name of ‘EMASOL’.

8. Mphasis: The company has acquired UK’s Datalytyx, a DataOps specialist in the Snowflake and Talend ecosystem, for £13.3 million.

9. Muthoot Finance: RBI has imposed a penalty of Rs 10 lakh on Muthoot Finance, Ernakulam, for non-compliance with directions on maintaining loan to value ratio in gold loans and on obtaining copy of PAN card of the borrower while granting gold loans of over Rs 5 lakh.

10. Manappuram Finance: RBI has imposed a penalty of Rs 5 lakh on Manappuram Finance, Thrissur for non-compliance with directions on verification of ownership of gold jewellery.

The Indian market is likely to open lower Thursday following losses in global markets as concerns about rising coronavirus infections and new shutdowns in major US cities overshadowed investors’enthusiasm about COVID-19 vaccine developments. At 7:50 am, the SGX Nifty was trading 101.50 points or 0.78 percent lower at 12,892.50, indicating a negative start for the Sensex and Nifty50.

Here are the top 10 buzzing stocks for today:

1. TCS: The IT services major has fixed the record date for the buyback of shares on November 28.

2. Wipro: The company has fixed the record date for the buyback of shares on December 11.

3. Hero MotoCorp: The company’s retail sales stood at 14 lakh units in the 32-day festive period and inventory was at an all-time low for the festive season.

4. InterGlobe Aviation, SpiceJet: DGCA says IndiGo’s passenger load factor increased to 68.2 percent in October against 65.4 percent in September, and SpiceJet’s passenger load factor rose to 74 percent versus 73 percent in the same period. IndiGo market share at 55.5 percent and SpiceJet at 13.4 percent in October.

5. Pfizer: The company has completed Phase-3 trials of the COVID-19 vaccine and the final vaccine efficacy at end of Phase-3 trials is 95 percent.

6. ACC: The company has entered into a Share Purchase Agreement with M/s NG Ghadiya Group to divest its wholly-owned subsidiary National Limestone Company Private Ltd for Rs 20 crore.

7. HFCL: Promoter entity MN Ventures acquired 7.5 lakh equity shares in the company via open market transaction.

8. GPT Infraprojects: The company has bagged an order worth Rs 162.83 crore.

9. Tata Steel Long Products: Tata Steel to sell 4.51 lakh equity shares of the company in the open market from November 20 to December 15 this year, for achieving minimum public shareholding of the company.

10. GTPL Hathway: The company has sold its entire 61.50 percent stake in GTPL Space City Private for Rs 18.74 lakh.

The Indian market is likely to open on a tepid note Wednesday following a muted trend in Asian peers amid concerns over rising pandemic cases in various countries. At 8:05 am, the SGX Nifty was trading 3.00 points or 0.02 percent higher at 12,894.50, indicating a flat start for the Sensex and Nifty50.

Here are the top 10 buzzing stocks for today:

1. Lakshmi Vilas Bank: The government placed the bank under moratorium until December 16 and imposed Rs 25,000 withdrawal limit. The RBI has also announced a draft scheme of amalgamation for Lakshmi Vilas Bank with DBS Bank.

2. Wipro: The IT services major said its shareholders have approved its up to Rs 9,500 crore share buyback plan. Wipro’s board of directors had last month approved a buyback proposal for the purchase of up to 23.75 crore equity shares at Rs 400 per share, aggregating to an amount of up to Rs 9,500 crore.

3. Tata Steel: HDFC AMC reduced its shareholding in the company to 2.96 percent from 5.02 percent earlier.

4. DLF: The company has been recognized as an index component of the Dow Jones Sustainability Indices (DJSI) in the Emerging markets category.

5. BSE: SEBI has directed BSE to conduct an annual review to ascertain the adequacy of the investor protection fund (IPF) corpus and disclose the corpus as well as the policy on the processing of investors’ claims on its website.

6. IIFL Securities: The company will consider a share buyback proposal on November 20.

7. IRCTC: The company has canceled running two Tejas Express trains due to low occupancy levels owing to COVID-19.

8. PTC India: Aditya Birla Sun Life Mutual Fund reduced its stake to 3.42 percent from 5.46 percent on November 12.

9. Nippon Life India AMC: The company has made a submission to exchanges with respect to the re-classification of Reliance Capital from the ‘Promoter and Promoter Group’ category to the ‘Public’ category, after receiving approval from shareholders and SEBI.

10. Nel Holdings South: The company has exited from another prime project – Caesar’s Palace – by entering into a settlement agreement with landowners and Caesar’s Palace Buyers Welfare Association.

The Indian market is likely to open at a record level on Tuesday as hopes of the COVID-19 vaccine boosted investor sentiment, lifting global markets. At 8:05 am, the SGX Nifty was trading 35.00 points or 0.27 percent higher at 12,871.00, indicating a positive start for the Sensex and Nifty50.

Here are the top 10 buzzing stocks for today:

1. Reliance Industries: Reliance Retail Ventures has acquired 96 percent equity shares of Urban Ladder Home Decor Solutions for Rs 182.12 crore. (Disclosure: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.)

2. Tata Steel: The company’s consolidated net profit in Q2FY21 declined 59.6 percent to Rs 1,635.4 crore from Rs 4,043.5 crore, while revenue rose 7.4 percent to Rs 37,154 crore from Rs 34,759 crore, YoY. EBITDA increased 59.7 percent to Rs 6,217 crore from Rs 3,893 crore and EBITDA margin expanded to 16.7 percent from 11.3 percent, YoY.

3. ONGC: The oil explorer reported a 54.6 percent fall in Q2FY21 net profit at Rs 2,877.8 crore as against Rs 6,336.2 crore while revenue dropped 30.9 percent to Rs 16,917 crore from Rs 24,492.6 crore, YoY.

4. Wipro: The IT major has entered into a strategic partnership with SNP SE to accelerate enterprise transformation for customers globally.

5. BPCL: The transaction advisors (TA) for the sale of the government’s 52.98 percent stake in the company have received multiple expressions of interest and the transaction will move to the second stage after scrutiny by TA, the government said.

6. HDFC Asset Management Company: The company has appointed Navneet Munot as the Managing Director & CEO. He will succeed the present Managing Director Milind Barve.

7. OIL India: The company has made hydrocarbon discovery at well Dinjan-l in Tinsukia PML in Assam. This discovery will open up new areas for further oil & gas exploration in Assam.

8. NBCC (India): The company has secured a total business of Rs 1,165.52 crore in the month of October 2020.

9. Sadbhav Engineering: The company’s net profit in Q2FY21 declined to Rs 5.2 crore from Rs 25.8 crore while revenue fell 27.1 percent to Rs 412.2 crore from Rs 565.1 crore, YoY.

10. Rajesh Exports: The company reported consolidated profit at Rs 173 crore in Q2FY21 as compared to Rs 315.6 crore, revenue rose to Rs 1,02,149.8 crore from Rs 66,827.3 crore YoY.