Tag: Buzzing Stocks

The Indian market is likely to open lower Thursday following a weak trend in Asian peers. At 8:10 am, the SGX Nifty was trading 58.00 points or 0.43 percent lower at 13,507.00, indicating a negative start for the Sensex and Nifty50.

Here are the top 10 buzzing stocks for today:

1. NCFC: The RBI has proposed draft rules for NBFCs to declare dividends. According to the draft circular, NBFCs with a minimum 15 percent capital adequacy and NPA below 6 percent for three years will be eligible to declare dividends.

2. TCS: The company’s Rs 16,000 crore share buyback will open on December 18 and close on January 1.

3. Maruti Suzuki India: The automobile major will increase prices across its model range from January 2021.

4. M&M: The company has increased stake in its Finland-based arm Sampo Rosenlew Oy to 79.13 percent with the acquisition of additional 1,050 shares for Rs 31.15 crore

5. IRCTC: The government will sell up to 20 percent equity in IRCTC via OFS (15% base size+ 5% greenshoe) at a floor price of Rs 1,367 per share.

6. Pfizer: Canada’s health regulator has approved Pfizer’s COVID-19 vaccine. Canada is set to receive up to 249,000 doses this month and 4 million doses by March.

7. Eveready Industries: The company has denied reports of Dabur promoters buying a controlling stake in it.

8. Varroc Engineering: The company’s arm VarrocCorp Holding BV acquired balance 30 percent stake of VARROC- ELBA ELECTRONICS SRL held by ELBA SA, Romania for consideration of €1.05 million.

9. Glenmark Pharmaceuticals: The company has redeemed $182,500,000 in aggregate principal amount of its 2021 Notes, representing approximately 91.25 percent of the aggregate principal amount of the 2021 Notes at the time of initial listing. As on the date of this announcement, $17,500,000 in aggregate principal amount of the 2021 Notes remain outstanding.

10. Federal-Mogul Goetze (India): IEH FMGI Holdings LLC, promoter of the company has informed about the offer for sale up to 1,15,43,531 shares of the face value of Rs 10 each of the company on December 10.

The Indian market is likely to open higher Wednesday on positive global cues as the commencement of coronavirus vaccine rollout in the UK fueled optimism among investors. At 7:55 am, the SGX Nifty was trading 43.50 points or 0.32 percent higher at 13,459.00, indicating a positive start for the Sensex and Nifty50.

Here are the top 10 buzzing stocks for today:

1. ICICI Bank, ICICI Securities: ICICI Bank will sale of up to 2.21 percent stake in ICICI Securities via OFS on December 9 and 10 at a floor price of Rs 440 per share.

2. TCS: The IT services major has launched new Blockchain-based Digital Bank Guarantee Platform in Israel. Bank Hapoalim has signed up as the anchor customer for the platform.

3. Tata Steel: S&P has revised the company’s outlook to ‘Stable’ from ‘Negative’ and affirmed ‘B+’ rating.

4. Wipro: The company will give wage hikes to junior employees with effect from January 1, 2021.

5. Yes Bank: Brickwork Ratings has upgraded the rating of Tier I Subordinated Perpetual Bonds (Basel II) to BWR BB+/ Stable.

6. JSW Steel: The company’s November crude steel output rose 3 percent on-year to 13.32 lakh tonnes.

7. Coal India: The company’s coal allocation to the power sector under special e-auction registered a 27.7 percent rise to 16.48 million tonnes in the April-October 2020 period.

8. AstraZeneca Pharma India: Oxford University and AstraZeneca COVID-19 vaccine is safe and highly effective in preventing coronavirus disease, confirms data published in The Lancet, a medical journal.

9. Pfizer: The US Food and Drug Administration (USFDA) released two separate analyses and concluded that Pfizer’s COVID-19 vaccine has ‘favourable safety profile’.

10. Prestige Estates Projects: The Competition Commission of India (CCI) has approved the acquisition of some assets of the company by Blackstone.

The Indian market is likely to open on a flat note Tuesday amid cautiousness in the Asian markets. At 8:00 am, the SGX Nifty was trading 12.50 points or 0.09 percent lower at 13,408.50, indicating a flat start for the Sensex and Nifty50.

Here are the top 10 buzzing stocks for today:

1. Titan Company: The company has directed its Swiss subsidiary Favre Leuba AG to scale down operations substantially with immediate effect so that further investments from Titan to FLAG cease soon.

2. Canara Bank: The bank has launched QIP issue for up to Rs 2,000 crore at a floor price of 103.5 per share.

3. Coffee Day Enterprises: The company has appointed Malvika Hegde, wife of VG Siddhartha, as CEO.

4. Goa Carbon: The company’s production in November was up 58.8 percent at 14,309.200 MT as against 9,006.000 MT in October.

5. Cupid: The company has received a purchase order from Uttar Pradesh Medical Supplies Corporation Limited for the supply of “Covid – 19 Antigen Based Rapid Test Kits” worth Rs 8.27 crore.

6. SJVNL: The state-run power producer has inked a memorandum of understanding (MoU) with Indian Renewable Energy Development Agency (IREDA) for green energy projects.

7. NBCC (India): The state-owned construction firm said it has bagged contract worth Rs 325 crore in November.

8. Gujarat State Fertilizers & Chemicals: Mukesh Puri, Additional Chief Secretary to Government of Gujarat, Urban Development & Urban Housing Department, has been appointed as Managing Director of the company.

9. HCC: The company has defaulted on payment of loan worth Rs 1,836.1 crore.

10. Ashiana Housing: The company repaid Rs 2.53 crore against partial redemption of NCDs.

The Indian market is likely to open on a tepid note Monday as the SGX Nifty, an early indicator of the Indian market was trading 53.00 points or 0.40 percent lower at 13,274.00 at 8:00 am, indicating a negative start for the Sensex and Nifty50.

Here are the top 10 buzzing stocks for today:

1. Maruti Suzuki India: The company’s total production in November rose 5.91 percent to 1,50,221 units from 1,41,834 units, YoY. Passenger vehicle production increased by 5.38 percent to 1,46,577 units from 1,39,084 units, YoY.

2. ICICI Bank: Fitch has affirmed ICICI Bank’s issuer rating at BB+ with a Negative outlook.

3. Axis Bank: Fitch has affirms Axis Bank’s issuer rating at BB+ with a Negative outlook.

4. ONGC: The oil explorer’s subsidiary ONGC Videsh made a ‘significant’ oil strike in Colombia.

5. NMDC: The Donimalai mine will increase annual iron ore production by 7 mtpa.

6. Eicher Motors: VE Commercial Vehicles has commenced commercial operations at its new manufacturing unit at Bagroda, Bhopal. In the first phase, the plant will have the capacity for the manufacture of 40,000 trucks.

7. Tata Consumer Products: The company’s Australia-based step-down subsidiary will sell MAP Coffee Business to Buccheri Group for 1.25 million Australian dollars (Rs 6.74 crore).

8. Tata Power: The company has received Letters of Intent from The Odisha Electricity Regulatory Commission (OERC) to own the licenses for the distribution and retail supply of electricity in WESCO Utility & SOUTHCO Utility license area.

9. KPI Global Infrastructure: The company has signed a new long-term power purchase agreement with Alliance Fibres, Surat for the sale of 1.30 MW solar power for a period of 20 years under Independent Power Producer (IPP) business vertical.

10. ITD Cementation India: Rating agency ICRA has reaffirmed the long-term rating for the Line of Credit (LOC) at A. The Outlook on the long-term rating has been revised to negative from stable.

The Indian market is likely to open higher Friday racking a positive trend in the global peers. Investors will keep an eye n the Reserve Bank of India’s bi-monthly monetary policy to be announced today. At 8:05 am, the SGX Nifty was trading 37.50 points or 0.28 percent higher at 13,240.50, indicating a positive start for the Sensex and Nifty50.

Here are the top 10 buzzing stocks for today:

1. PSU Banks: Fitch affirmed Bank of Baroda, Bank of India, State Bank of India and Punjab National Bank’s IDR rating at ‘BBB-‘, with a Negative outlook. Fitch also affirmed IDBI Bank’s IDR rating at ‘BB+’ with a Negative outlook, but upgraded viability rating to ‘ccc+’.

2. Telecom stocks: Bharti Airtel added 3.77 million new subscribers while Reliance Jio added 1.46 million new subscribers in September 2020. Vodafone Idea lost 4.65 million subscribers during the month. MTNL and Reliance Communications lost 5,784 and 1,324 customers, respectively. Bharti Airtel has pipped Reliance Jio in new mobile subscriber addition in September after a gap of four years, according to data published by telecom regulator TRAI.

3. State Bank of India: The bank said its mobile application YONO was impacted due to a system outage and steps were being taken for restoration of uninterrupted services.

4. Hero MotoCorp: Only 10 of Harley Davidson’s 33 existing dealers have gone ahead with becoming a part of Hero MotoCorp’s dealership network.

5. NMDC: Karnataka government has issued orders allowing iron ore mining to be resumed in Donimalai mines by NMDC.

6. Granules India: The company has received approval from USFDA for generic of Cuprimine, Penicillamine capsules.

7. Orient Cement: The company will acquire a 26 percent stake in AMPSolar Systems for Rs 4.5 crore.

8. Canara Bank: The state-run lender has raised its rates for fixed deposits with a maturity period of at least two years by 0.2 percent to 5.4 percent. For fixed deposits with tenure of 3-10 years, the interest rate has been increased to 5.5 percent from 5.3 percent.

9. Union Bank of India: The bank will hold an extraordinary general meeting (EGM) later this month to seek shareholders’ approval for raising up to Rs 6,800 crore equity capital.

10. NCC: Rakesh Jhunjhunwala and family has increased stake in the company to 13.7 percent from 12.14 percent as of September 2020.

The Indian market is likely to open higher Thursday amid a subdued trend in Asian peers. At 8:00 am, the SGX Nifty was trading 26.00 points or 0.20 percent higher at 13,180.00, indicating a flat positive for the Sensex and Nifty50.

Here are the top 10 buzzing stocks for today:

1. Axis Bank: Specified Undertaking of The Unit Trust of India (SUUTI) has sold 36.25 lakh shares of Axis Bank for Rs 221.47 crore between November 26 and 27. SUUTI’s stake in the bank is now at 4.12 percent versus 4.24 percent earlier.

2. Wipro: The IT major has received multi-year contract from Verifone for its cloud services.

3. Bharti Infratel: Bharti Airtel’s subsidiary Nettle Infrastructure Investments has bought a 4.94 percent stake in Bharti Infratel for Rs 2,882.32 crore.

4. Mahindra & Mahindra: CARE Ratings has reaffirmed AAA rating on long-term bank facilities of Rs 1,402.42 crore and A1+ rating on short-term facilities of Rs 38.58 crore.

5. Dabur: The company has responded to CSE study and said that its honey has passed NMR test in Germany and it is complying with 22 parameters mandated by FSSAI for testing Honey.

6. DHFL: The Committee of Creditors have voted in favour of inviting revised bids and has set December 14 as the new deadline to submit bids.

7. Reliance Capital: As many as eight suitors, including the US-based Oaktree and J C Flower, have expressed their interest to acquire Reliance Capital.

8. Apollo Hospital Enterprises: The company’s board approved raising Rs 1,500 crore in one or more tranches.

9. Tata Chemicals: Promoter Tata Sons Pvt Ltd has bought 18,07,245 shares of the company worth over Rs 76.07 crore via open market transaction at an average price of Rs 420.92 per share.

10. Raymond: The company’s subsidiary Silver Spark Apparel has entered into a share transfer agreement to divest its entire stake in its wholly-owned subsidiary Dress Master Apparel for Rs 19.07 crore.

The Indian market is likely to open on a subdued note Wednesday amid mixed global cues. At 8:00 am, the SGX Nifty was trading 21.00 points or 0.16 percent lower at 13,130.00, indicating a flat start for the Sensex and Nifty50.

Here are the top 10 buzzing stocks for today:

1. Tata Motors: The company reported a 20.7 percent rise in total vehicle sales for November 2020 at 49,650 units as against 41,124 units in November 2020.

2. Hero MotoCorp: The company is likely to bring on board 11-13 existing Harley Davidson dealers, industry sources said. At least 10 Harley Davidson dealers have signed letters of intent with Hero MotoCorp. Additionally, Hero MotoCorp’s total motorcycles and scooters sales in November 2020 rose 14.4 percent to 5,91,091 units from 5,16,775 units in November 2019.

3. Dr Reddy’s Laboratories: The company and Russian Direct Investment Fund (RDIF) have commenced clinical trials for the Sputnik V vaccine in India.

4. Coal India: The state-run miner reported a 3.4 percent rise in production at 51.7 million tonnes (MT) in November as compared to 50 MT, YoY. Production during April-November 2020 increased to 334.5 MT from 330.4 MT, YoY. Offtake of coal by CIL in November increased to 51.3 MT as against 47.5 MT, YoY.

5. Vodafone Idea: The company has raised the price of select postpaid plans by Rs 50 in the UP East circle.

6. Eicher Motors: The company sold 63,782 units of motorcycles in November as against 60,411 units, YoY.

7. Punjab National Bank: The bank has launched a tech-based loan management solution called ‘LenS-The Lending Solution’, to speed up and maintain accuracy in online loan processing and sanctioning of credit proposals.

8. SML Isuzu: The company sold 516 vehicles in November 2020 as against 521 vehicles sold in November 2019.

9. Godrej Industries: ICRA has assigned ‘A1+’ rating to the company’s issue of Commercial Paper Programme of upto Rs 1,500 crore.

10. Sun Pharma Advanced Research Company: Promoter entity Raksha Sudhir Valia has released 34 lakh equity shares of the company.

The Indian market is likely to open on a flat note Tuesday following mixed global cues. At 7:05 am, the SGX Nifty was trading 5.50 points or 0.04 percent higher at 12,998.50, indicating a flat start for the Sensex and Nifty50.

Here are the top 10 buzzing stocks for today:

1. Auto Stocks: Automobile companies will release their November sales data.

2. Hero MotoCorp: The company has appointed Michael Clarke as chief operating officer.

3. Tata Motors: The company’s subsidiary has raised $300 million via the issuance of senior notes.

4. Max Financial Services: IRDAI has approved the share swap deal between the company and Mitsui Sumitomo.

5. ICICI Lombard General Insurance Company: The company has received in-principle approval of The Insurance Regulatory and Development Authority of India to the draft scheme of arrangement between the company and Bharti AXA General Insurance Company.

6. SAIL: Soma Modal has been appointed as chairperson of the company till April 2023.

7. Indiabulls Housing Finance: The company has raised Rs 93 crore by selling part of its stake in OakNorth Holdings. The company has raised a total of Rs 2,670 crore as fresh equity in September, October and November.

8. Unichem Laboratories: The company has received USFDA approval for Atenolol & Chlorthalidone tablets, a generic version of TENORETIC, used to treat hypertension and lower blood pressure.

9. Reliance Capital: The company has defaulted on interest payment on term loans of HDFC Ltd and Axis Bank as on October 31, 2020. The company failed to make interest payment of Rs 4.77 crore to HDFC and Rs 71 lakh to Axis Bank.

10. Fortis Healthcare: Aberdeen Standard Investments (Asia) Ltd increased its stake in the company to 5.02 percent from 4.96 percent via open market purchases.

The Indian market is likely to open higher Thursday amid a mixed trend in global peers. At 8:00 am, the SGX Nifty, an early indicator of India benchmark Nifty, was trading 58.00 points or 0.45 percent higher at 12,921.00, indicating a positive start for the Sensex and Nifty50.

Here are the top 10 buzzing stocks for today:

1. Lakshmi Vilas Bank: The bank will be merged with DBS Bank India with effect from November 27, and its shares will be written off and de-listed from same date. The moratorium will now be lifted on November 27 against December 16 earlier.

2. HDFC Bank: The bank has signed MoU with Inventivepreneur Chamber of Commerce & Industries (ICCI) to support SMEs and Start-ups.

3, Future Consumer: Rajnikant Sabnavis resigned as the company’s CEO.

4. Future Retail: The company’s plea to be excluded from being a party to the Amazon-Future Coupons’ arbitration proceedings has been turned down and the Court of Singapore International Arbitration Centre (SIAC) has ordered that the arbitration shall proceed.

5. Ashok Leyland: The company has closed the Chennai plant as a precautionary measure in view of Cyclone Nivar. The company expects to resume operations at the facility from November 27.

6. AstraZeneca Pharma India: AstraZeneca and Oxford University have acknowledged a manufacturing error that is raising questions about preliminary results of their experimental COVID-19 vaccine.

7. Siemens: The company reported profit at Rs 330.2 crore in Q4FY20 as compared to Rs 333.9 crore, revenue fell to Rs 3,546.8 crore from Rs 3,894.4 crore YoY. The company recommended a dividend of Rs 7 per share of Rs 2 each for the financial year ended September 2020.

8. Cochin Shipyard: The company is building two autonomous electric vessels with zero carbon emission for a Norwegian company.

9. Laurus Labs: The company has signed definitive agreements with the Eight Roads Ventures, VenturEast Proactive Fund and VenturEast Life Fund III to acquire 72.55 percent stake in biotech firm Richcore Lifesciences for a cash consideration of Rs 246.67 crore.

10. Union Bank of India: The bank will obtain shareholders’ approval for raising of equity capital upto Rs 6,800 crore by way of various modes.