Tag: stock to watch

The Indian market is likely to open higher Friday following positive momentum in Asian peers. At 8:00 am, the SGX Nifty was trading 109.50 points or 1.01 percent higher at 10,915.00, indicating a positive start for the Sensex and Nifty50.

Here are the top 10 buzzing stocks for today:

1. TCS: The company has bagged an order from fashion apparel retailer Maurices for digital services.

2. Mahindra & Mahindra: The company has increased its stake in Sampo Rosenlew to 74.97 percent from 49.14 percent.

3. ONGC: The company will soon resume operations in the Hazira plant after the fire.

4. GAIL India: The company said that about 30 MMSCMD of natural gas supplies into the company has been cut due to the fire break-out at ONGC Gas Processing Plant, Hazira plant and 40 percent gas supplies to end-users has been cut.

5. Marico: The company has divested its entire stake in the fitness app Revolutionary Fitness (Revofit).

6. RITES: The company has received a turnkey contract for the construction of road over bridges for Rs 205.85 core.

7. Shriram City Union Finance: The RBI has imposed a penalty of Rs 5 lakh in the company for non-compliance with RBI directions on verification of the ownership of gold jewellery contained in the company.

8. Nippon Life: The company has received a joint mandate to manage Post Office Life Insurance Fund and Rural Post Office Life Insurance Fund for 3 years.

9. Max Ventures & Industries: The company has clarified on the news of suspicious fund flows by some of the company’s unlisted entities as totally misconceived and baseless.

10. HUDCO: The company has achieved loan sanctions of Rs 2,607.12 crore and loan releases of Rs 3,277.04 crore, as on August 31, 2020, for the financial year 2020-21.

The Indian market may open lower Thursday following steep losses in Asian peers amid weak global cues. At 8:05 am, the SGX Nifty was trading 121.50 points or 1.09 percent lower at 11,012.50, indicating a negative start for the Sensex and Nifty50.

Here are the top 10 buzzing stocks for today:

1. TCS: The company and Yale University developed a secure, private off-grid networking platform using blockchain.

2. HDFC: The company seeks to raise Rs 5,000 crore via private placement of bonds.

3. ONGC: A fire has been reported at the company’s plant at Surat in Gujarat.

4. Dr Reddy’s Laboratories: The company has received USFDA nod for Cinacalcet Hydrochloride, a drug used to treat primary and secondary hyperparathyroidism.

5. Future Consumer: The company’s 36.6 lakh pledged equity shares held by promoter entity Future Capital Investment has been invoked.

6. Jindal Steel & Power: ICRA has removed its Rating Watch with Negative Implications on the bank facilities and NCDs, and assigned a Stable outlook.

7. IRCON International: The company has secured works of a total of 9 road overbridges (ROBs) valuing more than Rs 400 crore from the Ministry of Railways.

8. Zydus Wellness: The company has launched QIP with a floor price of Rs 1,775.85 per share.

9. IIFL Securities: The company has increased its stake in Trendlyne to 20.55 percent from 6.25 percent earlier.

10. Datamatics Global Services: The company has announced the expansion of its distribution agreement with Ingram Micro for Middle East, Turkey and Africa region for its intelligent automation products.

The Indian market may trade volatile Tuesday as investors remain cautious following losses in Asian and US markets amid weak global cues. However, at 8:15 am, the SGX Nifty was trading 25.00 points or 0.22 percent higher at 11,269.00, indicating a positive start for the Sensex and Nifty50.

Here are the top 10 buzzing stocks for today:

1. State Bank of India: The bank’s board has approved allotment of debentures worth Rs 7,000 crore.

2. GMM Pfaudler: The promoter of the company will sell 25.71 lakh shares via offer for sale at a floor price set at Rs 3,500 per share on September 22-23.

3. Jindal Steel & Power: The company has clarified on reports of certain transactions undertaken between 2014-16 saying that all transactions entered into by the company were part of routine business activities and all the transactions had proper underlying assets. The Company had fully complied with all the extant regulatory guidelines at the time of these transactions.

4. Shree Renuka Sugars: The company has approved the allotment of 21.16 crore equity shares, for cash at a price of Rs 8.74 per share aggregating to Rs 185 crore on a preferential basis to promoter Wilmar Sugar Holdings Pte Ltd.

5. Ramco Cements: ICRA has reaffirmed long term credit rating at AA+/Stable.

6. CEAT: The company’s board will consider raising funds via NCDs on September 25.

7. HSIL: The company has approved buyback of up to Rs 70 crore worth of shares at Rs 105 per share.

8. Aarti Drugs: The company has set a record date for the bonus issue on October 1.

9.Bombay Burmah Trading: The company’s board will consider raising Rs 75 crore via NCDs on September 24.

10. Phillips Carbon Black: CARE Ratings has reaffirmed the company’s long term credit rating at AA-/Stable.

The Indian market is likely to open flat Friday following mixed global cues. At 8:00 am, the SGX Nifty was trading 9.50 points or 0.08 percent higher at 11,536.50, indicating a flat start for the Sensex and Nifty50.

Here are the top 10 buzzing stocks for today:

1. Defence stocks: The government has permitted foreign direct investment (FDI) of up to 74 percent under automatic route in the defence sector.

2. Vodafone Idea: The company has told the telecom regulator that it is dropping the contentious faster data speed claim as part of priority offering and is in the process of filing a revised plan.

3. TVS Motor Company: The company has appointed Auteco SAS as new distributor in Colombia.

4. Vedanta Ltd: Vedanta Resources has approached SEBI for necessary approvals to start the reverse book building process for the delisting of Vedanta Ltd.

5. Hindalco Industries, Hindustan Copper: The companies signed a memorandum of understanding (MoU) for the long-term purchase and sale of copper concentrate produced by Hindustan Copper.

6. Dr Reddy’s Laboratories: The company has settled patent litigation for Revlimid with Celgene, a Bristol Myers Squibb Company, which allowed the company to sell Lenalidomide in the US post March 2022.

7. Hindustan Zinc: The company proposes to raise up to Rs 4,000 crore via debentures.

8. Sterling and Wilson Solar: The company has received an order worth Rs 460 crore in Chile.

9. Arrow Greentech: The company’s production operations will recommence at Ankleshwar plant as Gujarat Pollution Control Board (GPCB) issued interim revocation order.

10. EIH: The company has set rights share issue price at Rs 65 per share. Shareholders will receive eight rights shares for every 85 shares held.

The Indian market is likely to open lower Thursday following losses in global markets after the US Federal Reserve’s policymaking committee indicated the overnight rate could stay close to zero for years to reach its 2% inflation target. At 8:10 am, the SGX Nifty was trading 74.10 points or 0.64 percent lower at 11,537.50, indicating a negative start for the Sensex and Nifty50.

Here are the top 10 buzzing stocks for today:

1. HCL Technologies: The company and Google Cloud expanded partnership to deliver accelerated business intelligence platform.

2. Aviation stocks: Airline operators have sought interest-free credit of at least $1.5 billion from the government. They also want the government’s help to persuade aircraft lessors to ease leasing terms, as well as a deferment of taxes and abolition of excise duty on aviation fuel. The airlines are appealing to banks and other lenders to defer repayment of loans to the aviation industry by six months, Civil Aviation Minister Hardeep Singh Puri said in a written statement to the parliament.

3. ICICI Bank: The bank’s board has approved a proposal to resume seeking approval from the RBI for the appointment of Sandeep Batra as its whole-time director for five years.

4. Bandhan Bank: The bank has created a new vertical called Emerging Entrepreneurs Business (EEB) to focus on small businesses and has appointed Kumar Ashish as Executive President and Head of the department.

5. SpiceJet: The company has launched 14 cargo flights to North-east India.

6. Happiest Minds Technologies: The company will get listed on stock exchanges today. The shares are expected to list at a hefty premium over its issue price after a strong subscription of its Rs 702-crore IPO.

7. Tata Teleservices (Maharashtra): The shareholders have approved raising of up to Rs 5,000 crore by issuing preferential shares to parent firm and non-convertible debentures on a private placement basis.

8. HSIL: The company to consider share buyback on September 21.

9. Puravankara: The company’s board has approved raising Rs 70 crore via NCDs.

10. Dhanuka Agritech: The company has approved the proposal of buyback of shares worth up to Rs 100 crore and fixed September 28 as a record for determining the entitlement of equity shareholders.

The Indian market is likely to open lower Wednesday following a mixed trend in the Asian peers. At 8:00 am, the SGX Nifty was trading 22.00 points or 0.19 percent lower at 11,509.50, indicating a negative start for the Sensex and Nifty50.

Here are the top 10 buzzing stocks for today:

1. Infosys: US-based Essential Utilities has selected Infosys as a strategic partner to drive its digital transformation.

2. Bharti Airtel: The company has partnered with Sterlite Technologies to build a modern optical fibre network for Airtel across 10 telecom circles.

3. Lakshmi Vilas Bank: The bank has completed mutual due diligence on merger with Clix Capital Deal and both the parties are in discussions on the next steps.

4. Hexaware Technologies: The company has extended share delisting bid closing date to September 16.

5. Indiabulls Housing Finance: The company has approved the allotment of 3.48 crore equity shares to eligible qualified institutional buyers at issue price of Rs 196.37 per share aggregating to Rs 682.9 crore.

6. SpiceJet: The company reported a loss of Rs 600.5 crore in Q1FY21 as against a profit of Rs 262.8 crore, YoY. Revenue declined to Rs 521 crore from Rs 3,002.8 crore, YoY.

7. Aurobindo Pharma: Biotechnology Industry Research Assistance Council (BIRAC), set up by the Department of Biotechnology (DBT), Government of India supported Aurobindo’s COVID-19 vaccine development under the National Biopharma Mission.

8. REC: The company will infuse Rs 150 crore as equity in a Joint Venture along with Power Finance Corporation, Power Grid Corporation and NTPC, for the purpose of establishment/creation of Common Backend Infrastructure Facility (CBIF) for smart metres in the country.

9. IRB Infrastructure Developers: The company’s subsidiary has executed an agreement with NHAI for an expressway project in Gujarat for a bid cost of Rs 1,724 crore.

10. Siti Networks: The company has approved the acquisition of 51 percent equity stake in E-Net Entertainment, through its wholly-owned subsidiary Siti Broadband Services.

The Indian market is likely to open higher Tuesday amid a mixed trend in the Asian peers. At 8:00 am, the SGX Nifty was trading 37.30 points or 0.33 percent higher at 11,471.20, indicating a positive start for the Sensex and Nifty50.

Here are the top 10 buzzing stocks for today:

1. ICICI Bank: The lender has got an exemption from paring stake in its life and non-life subsidiaries, ICICI Lombard General Insurance and ICICI Prudential Life Insurance, to 30 percent for a period of three years.

2. SAIL: The company reported a loss of Rs 1,226.5 crore in Q1FY21 as against a profit of Rs 102.7 crore, YoY. Revenue declined 38.8 crore to Rs 9,067.5 crore from Rs 14,820.9 crore, YoY.

3. Central Bank of India: The bank has reduced its marginal cost of funds-based lending rates (MCLR) by 5 basis points (bps) across all tenors, effective from Tuesday. The lender has cut the one-year MCLR to 7.10 percent from 7.15 percent.

4. Apollo Hospitals Enterprise: The company reported a net loss of Rs 226.2 crore in Q1FY21 as against profit of Rs 49.2 crore, YoY. Revenue fell 15.6 percent to Rs 2,171.5 crore from Rs 2,571.9 crore, YoY. EBITDA decreased 90.2 percent to Rs 35.5 crore from Rs 363.7 crore while EBITDA margin contracted to 1.6 percent from 14.1 percent, YoY.

5. Mindspace Business Parks REIT: The company will raise up to Rs 500 crore Via NCDs.

6. Zensar Technologies: The company has launched blockchain-based contract management solution for companies.

7. PVR: The company reported a net loss of Rs 225.6 crore in Q1FY21 as against profit of Rs 17.6 crore, YoY. Consolidated revenue fell 98.6 percent to Rs 12.7 crore from Rs 880.4 crore, YoY.

8. SREI Infrastructure Finance: The company’s net profit in Q1FY21 declined 46 percent to Rs 23 crore from Rs 42.67 crore while revenue fell 24.8 percent to Rs 1,188.6 crore from Rs 1,582.6 crore, YoY.

9. NBCC (India): The company’s net profit in Q1FY21 fell 80 percent to Rs 10.3 crore from Rs 51.5 crore while revenue declined 63.8 percent to Rs 684.5 crore from Rs 1,890 crore, YoY.

10. Future Retail: The company reported a net loss of Rs 562 crore in Q1FY21 as against profit of Rs 159.2 crore, YoY. Consolidated revenue fell 73.9 percent to Rs 1,358.1 crore from Rs 5,197 crore, YoY.

The Indian market is likely to open lower Friday tracking weakness in Asian markets. At 7:45 am, the SGX Nifty was trading 42.00 points or 0.37 percent lower at 11,418.50, indicating a negative start for the Sensex and Nifty50.

Here are the top 10 buzzing stocks for today:

1. Bank of Baroda: The bank will cut MLCR by 5-30 bps across tenures from September 12.

2. Hindustan Copper: The company’s consolidated net profit in Q1FY21 rose 40 percent to Rs 29.8 crore from Rs 21.2 crore while revenue increased 41.9 percent to Rs 431.4 crore from Rs 304.1 crore, YoY. EBITDA fell 7.4 percent to Rs 86.4 crore from Rs 93.3 crore and EBITDA margin contracted to 20 percent from 30.7 percent, YoY.

3. Hindustan Aeronautics: The company’s net profit in Q1FY21 fell to Rs 148.65 crore from Rs 564.69 crore and revenue declined to Rs 1,736.7 crore from Rs 3,289.5 crore, YoY.

4. Union Bank of India: The bank will cut lending rates by 5 bps across tenures from September 11.

5. National Fertilizers: The company reported total fertilizer sale of 23.81 lakh MT and production of 16.11 lakh MT urea in April-August, 2020.

6. Info Edge India: Zomato has closed primary fundraise of $100 million from Tiger Global Management and $60 million from Temasek Holdings. Info Edge’s stake in Zomato is ar 22.2 percent.

7. Rashtriya Chemicals: The company has started the methanol plant at Trombay unit.

8. Gujarat Gas: CARE Ratings has upgraded the long term facilities worth Rs 2,000 crore from CARE AA to CARE AA+ and changed the outlook to Stable from Positive.

9. Vaibhav Global: The company has successfully commissioned 1MW solar PV power generation project.

10. SRG Housing Finance: The company reported profit at Rs 3.53 crore in Q1FY21 against Rs 4.15 crore while revenue declined to Rs 15.8 crore from Rs 16.3 crore, YoY.

The Indian market is likely to open flat on Thursday after a rally in global markets. At 8:05 am, the SGX Nifty was trading 7.50 points or 0.07 percent lower at 11,298.50, indicating a flat start for the Sensex and Nifty50.

Here are the top 10 buzzing stocks for today:

1. Indiabulls Housing Finance: The company has launched its QIP and set the floor price at Rs 206.70 per equity share for the issue. The company is also looking for partial divestment in OakNorth Bank, in one or more tranches.

2. Hexaware Technologies: The company’s delisting offer opened on September 9 at a floor price of Rs 264.97 per equity share. The offer will close on September 15, 2020.

3. Bharat Dynamics: The company’s offer for sale has concluded and received a total subscription at around 2.34 crore shares worth Rs 770 crore, DIPAM Secretary said.

4. IRCTC: The company has clarified on the news of the government selling stake in the company via OFS saying that it has not received any information in this regard from the government.

5. Syngene International: The company has received ICMR approval for HiMedia-Syngene’s COVID-19 antibody test kit, ELISafe 19.

6. Rashtriya Chemicals & Fertilizers: The company has started the domestic production of Methanol on September 8.

7. Aditya Fashion & Retail: The shareholders have approved the creation of charge on movable and immovable properties of the company up to Rs 4,500 crore.

8. Texmaco Infra: The company’s board has approved raising up to Rs 250 crore via issue of equity shares and increase borrowing limit to Rs 800 crore.

9. Goa Carbon: The company’s August production fell 37 percent to 10,508.5 MT.

10. Gujarat Ambuja Exports: The company has acquired 100 percent stake in Mohit Agro Commodities Processing for 12.64 crore.

The Indian market is likely to open lower Wednesday following weak Asian peers after shares on Wall Street tumbled overnight stateside. At 8:00 am, the SGX Nifty was trading 42.00 points or 0.37 percent lower at 11,271.00, indicating a negative start for the Sensex and Nifty50.

Here are the top 10 buzzing stocks for today:

1. Wipro: The IT major announced plans to set up a Digital Innovation Hub in Düsseldorf, Germany. The proposed Digital Innovation Hub will serve as Wipro’s flagship center in Europe and will offer digital transformation expertise to companies in Germany, enable organizations to cross skill and upskill besides supporting talent development in local communities.

2. PowerGrid Corporation of India: The Cabinet Committee on Economic Affairs has given its approval to the company to undertake monetization of its Tariff Based Competitive Bidding (TBCB) assets, held in existing Special Purpose Vehicle, through Infrastructure Investment Trust.

3. Bharat Dynamics: The company’s OFS to non-retail investors has been subscribed 1.4 times. The government will exercise the over-subscription option. The bidding for retail investors opens today with a discount of Rs 20 per share on the cut off price.

4. IRCTC: The government plans to sell about 15-20 percent stake in IRCTC via offer for sale (OFS).

5. IDBI Bank: The bank has sold its remaining 0.21 percent stake or 10,25,683 shares of the National Stock Exchange of India (NSE).

6. Future Consumer: The company has reported a loss of Rs 68.37 crore in Q1FY21 as against a loss of Rs 14.9 crore, YoY. Revenue fell 63.7 percent to Rs 380.5 crore.

7. ICICI Prudential Life Insurance Company: The company’s new business premium grew to Rs 892 crore in August 2020 as against Rs 849 crore in July.

8. Indian Hume Pipe: The company has received Rs 134.82 crore water supply contract in Odisha.

9. TeamLease Services: The company has increased its stake in edu-tech company Schoolguru to 76.37 percent from 40 percent.

10. Dishman Carbogen Amcis: The company reported a net loss of Rs 21.4 crore in Q1FY21 as against a net profit of Rs 34.3 crore, YoY. Revenue declined 9.1 percent to Rs 474.4 crore.