Here’s a look at buzzing stocks for trade on September 8

The Indian market is likely to open higher Tuesday amid positive momentum in Asian peers. At 7:55 am, the SGX Nifty was trading 42.00 points or 0.37 percent higher at 11,423.00, indicating a positive start for the Sensex and Nifty50.

Here are the top 10 buzzing stocks for today:

1. SBI: The bank plans to recruit more than 14,000 people this year.

2. Dr Reddy’s Laboratories: The company has launched Fulvestrant injection in the US market.

3. Future Enterprises: The company reported a consolidated net loss of Rs 394.77 crore in Q4FY20 as against a net profit of Rs 66.58 crore, YoY. Revenue fell 50.01 percent to Rs 783.28 crore from Rs 1,566.96 crore, YoY.

4. EIH: The company’s board has approved raising up to Rs 350 crore via right issue.

5. Indian Overseas Bank: The bank has reduced MCLR rates by 10 bps across various tenors with effect from September 10.

6. Amber Enterprises India: The company’s board has approved QIP issue at a floor price of Rs 1,798.72 per share.

7. Parag Milk Foods: The company’s Q1FY21 net profit fell to Rs 3.23 crore from Rs 27.5 crore while revenue declined to Rs 435.6 crore from Rs 629.74 crore, YoY.

8. Info Edge (India): The company’s Q1FY21 standalone net profit rose 24.7 percent to Rs 83.2 crore while revenue fell 10.5 percent to Rs 280.1 crore, YoY. Billing was down 44 percent to Rs 188.6 crore.

9. Bharat Dynamics: The government has proposed to sell upto 1.83 crore shares (10% stake) and an additional 91.6 lakh shares (5% stake) at a floor price of Rs 330 per share.

10. ITI: The company has signed an MoU with Ilantus Technologies to deliver solutions to government agencies, defence, PSUs and banking sector. The company has also received a letter of intent from Bharti Airtel for fibre to home rollout in 8 circles in the country.

Here’s a look at buzzing stocks for trade on September 4

The Indian market is likely to open lower Friday following a sell-off in global markets. At 8:10 am, the SGX Nifty was trading 106.00 points or 0.92 percent lower at 11,438.00, indicating a negative start for the Sensex and Nifty50.

Here are the top 10 buzzing stocks for today:

1. Infosys: The company will acquire 100 percent stake in product design and development firm, Kaleidoscope Innovation for $42 million.

2. Tata Motors: Energy Efficiency Services Limited (EESL) a Super Energy Service Company (ESCO) under the administrative control of the Ministry of Power, Government of India, will procure 250 electric vehicles from Tata Motors and Hyundai Motor India.

3. Vodafone Idea: The company has clarified on the news of Verizon, Amazon may invest over $4 billion in the company saying that as a part of corporate strategy, the company constantly evaluates various opportunities for enhancing the stakeholders’ value.

4. Hindustan Aeronautics: Government will sell 502,462 equity shares to the company’s eligible employees at Rs 950.95 per share via an offer for sale during September 4-9.

5. Adani Gas: Rating agency ICRA has upgraded the company’s long-term rating to AA- and re-affirmed short-term rating at A1+ with a stable outlook.

6. GSFC: The company has restarted the Methanol plant with a daily installed capacity of 525 MT.

7. CreditAccess Grameen: The company’s board has approved raising of Rs 1,000 crore via equity.

8. Jubilant Industries: The company reported net loss of Rs 3.1 crore in Q1FY21 as against a profit of Rs 9.6 crore and revenue of Rs 94.3 crore as compared to Rs 151.8 crore, YoY.

9. 5Paisa Capital: The company’s board has approved raising Rs 900 crore via issue of equity shares.

10. Hind Rectifiers: The company’s Mumbai manufacturing plant has increased its capacity to 30 percent from 10 percent.

Here’s a look at buzzing stocks for trade on September 3

Stock market

The Indian market is likely to open higher Thursday following a positive trend in global peers. At 7:55 am, the SGX Nifty was trading 25.50 points or 0.22 percent higher at 11,585.50, indicating a positive start for the Sensex and Nifty50.

Here are the top 10 buzzing stocks for today:

1. IndusInd Bank: The bank will allot 4.76 crore shares at Rs 524 apiece aggregating to Rs 2,495.8 crore via on a preferential basis to qualified institutional buyers.

2. Coal India: The company’s net profit in Q1FY21 fell 55.1 percent to Rs 2,077.5 crore from Rs 4,630 crore while revenue declined 25.9 percent to Rs 18,486.8 crore from Rs 24,939 crore, YoY. EBITDA decreased 52.8 percent to Rs 3,051.7 crore and EBITDA margin contracted by 1000 bps to 16.5 percent, YoY.

3. Aviation stocks: InterGlobe Aviation, SpiceJet will be in focus after the government allowed airlines to operate with 60 percent capacity in the domestic segment.

4. Sterlite Technologies: Anupam Jindal has resigned as Chief Financial Officer of the company.

5. Edelweiss Financial Services: Ontario Teachers has partnered with Edelweiss Alternative Asset to invest $350 million in the Indian private credit market.

6. DHFL: An initial audit carried out on the company has found over Rs 17,000 crore were siphoned off from its accounts between 2006 and 2019.

7. Dish TV India: The company reported net profit of Rs 75.94 crore in Q1FY21 as against a loss of Rs 31.98 crore and revenue of Rs 835.58 crore as against Rs 926.30 crore, YoY.

8. Infibeam Avenues: The company’s net profit in Q1FY21 fell to Rs 11.9 crore from Rs 28 crore and revenue declined to Rs 102.66 crore from Rs 185.5 crore, YoY.

9. Engineers India: The company has received an order worth Rs 450 crore from GAIL India.

10. Kalpataru Power Transmission: The company has incorporated a wholly-owned subsidiary in Senegal to foray into the transmission and distribution and railways business.

Here’s a look at buzzing stocks for trade on August 28

Markets, Stocks

The Indian market is likely to open higher Friday following a mixed trend in Asian peers as investors react to developments from the US Federal Reserve. At 8:10 am, the SGX Nifty was trading 25.40 points or 0.22 percent higher at 11,617.80, indicating a positive start for the Sensex and Nifty50.

Here are the top 10 buzzing stocks for today:

1. Defence stocks: Defence stocks will be in focus after the Chief of Defence Staff Gen. Bipin Rawat said that the government will put out second negative list for defence imports early next year.

2. Mahindra & Mahindra: The company has announced the introduction of the Marazzo with BS-VI technology.

3. HCL Technologies: The company has opened its first European Cybersecurity Fusion Center (CSFC) in Gothenburg, Sweden. HCL’s CSFC is a security operations and response facility, integrating multi-domain security teams, processes and cutting-edge analytics enabling organizations to detect threats faster and resolve incidents efficiently.

4. NMDC: The company’s net profit in Q1FY21 fell 54.8 percent to Rs 532.9 crore from Rs 1,179.3 crore while revenue declined 40.6 percent to Rs 1,937.50 crore from Rs 3,263.7 crore, YoY. The company has approved demerger of Nagarnar iron and steel unit.

5. Hindustan Aeronautics Ltd: The company’s offer for sale (OFS) was subscribed 1.60 times by non-retail investors on the first day of the issue on Thursday. The government has decided to exercise the greenshoe option and retail investors will get chance to bid on Friday with a discount of 5 percent on the cut off price.

6. Edelweiss Financial Services: The company has approved selling 51 percent stake in wealth management arm to PAGAC Ecstasy for $300 million.

7. IDFC Ltd: The company reported a consolidated net loss of Rs 26.46 crore in Q1FY21 as against net profit of Rs 5.18 crore, YoY. Total consolidated income fell to Rs 103.99 crore from Rs 133.04 crore, YoY.

8. GMR Infrastructure: The company’s consolidated net loss for the June quarter more than doubled to nearly Rs 834 crore as against Rs 335 crore loss in the same quarter of FY20. The company also announced strategic restructuring of Group companies, which involves vertical split demerger of the non-airport businesses (energy, EPC, urban infrastructure, etc.) into GMR Power and Urban Infra Limited (GPUIL).

9. PNC Infratech: The company’s Q1FY21 consolidated net profit declined 48 percent YoY to Rs 92 crore. Revenue fell 28 percent YoY to Rs 1,093 crore.

10. ICRA: The company’s consolidated net profit in Q1FY21 fell 17 percent to Rs 17.04 crore from Rs 20.53 crore while total income declined to Rs 80.79 crore from Rs 88.69 crore, YoY.

Here’s a look at buzzing stocks for trade on August 27

top Stocks, stock tips, stock price news, share price news

The Indian equity market may open flat on Thursday following Asian peers that traded in the green after a rally on Wall Street. At 8:00 am, the SGX Nifty was trading 1.50 points or 0.01 percent higher at 11,550.00, indicating a flat start for the Sensex and Nifty50.

Here are the top 10 buzzing stocks for today:

1. Telecom stocks: Bharti Airtel and Vodafone Idea lost around 47 lakh mobile customers each in May. The total wireless customer base of Airtel and Vodafone Idea fell to 31.7 crore and 30.9 crore, respectively.

2. Real Estate stocks: Oberoi Realty, Godrej Properties, among other realty stocks will be in focus after the Maharashtra government decided to temporarily reduce stamp duty on flats from 5 percent to 2 percent till December 31 and to 3 percent between January 1 and March 31.

3. ICICI Bank: The bank will sell up to 2 percent stake in ICICI Securities in the open market.

4. Hindustan Aeronautics: The government will sell up to 15 percent stake in the stock via an offer for sale (OFS) at a floor price fixed at Rs 1,001 per equity share.

5. Lakshmi Vilas Bank: The bank’s board has approved raising up to Rs 1,500 crore.

6. CG Power & Industrial Solutions: The Murugappa Group-led Tube Investments remained the sole bidder for the company with no new suitors coming forward under the Swiss Challenge method, sources said. As per the securities subscription agreement, Tube Investments would buy 64.24 billion shares at Rs 8.56 each for a total of Rs 550 crore to take a 50.62 percent stake in the company.

7. Punjab & Sind Bank: The bank has declared Dewan Housing & Finance Corporation Ltd (DHFL) loan account worth Rs 820 crore as fraud. The bank has already provided Rs 204 crore for DHFL account.

8. Indraprastha Gas Ltd: The company’s net profit in Q1FY21 fell 87.9 percent to Rs 35.2 crore from Rs 290.8 crore while revenue declined 58.9 percent to Rs 638 crore from Rs 1,552 crore, QoQ. EBITDA decreased 78 percent to Rs 83 crore while EBITDA margin contracted to 13 percent from 24.2 percent, QoQ.

9. Jindal Stainless: The company’s board has approved raising funds up to Rs 162.80 crore through the issue of convertible equity warrants on a preferential basis.​

10. Allcargo Logistics: The company’s board of directors will meet on August 27 to consider and approve the voluntary delisting of shares.

Here’s a look at buzzing stocks for trade on August 26

The Indian market is likely to open higher Wednesday in line with gains in Asia Pacific stocks as major indexes on Wall Street notched new records yet again overnight. At 7:45 am, the SGX Nifty was trading 28.45 points or 0.25 percent higher at 11,504.50, indicating a positive start for the Sensex and Nifty50.

Here are the top 10 buzzing stocks for today:

1. State Bank of India: Moody’s Investors Service has downgraded State Bank of India’s standalone profile to ba2 from ba1 saying it sees the bank’s asset quality and profitability deteriorating.

2. Tata Consultancy Services: S&P has revised outlook on TCS to Stable on weakening business sentiment and affirmed ‘A’ rating. S&P expects TCS to face slower revenue growth and profitability over 12-18 months.

3. Punjab National Bank: The bank has received Rs 24.33 crore as the first tranche of recoveries in the Nirav Modi case.

4. FDC Ltd: The company has launched two variants of Favipiravir Drug (PiFLU and Favenza) meant to treat mild to moderate cases of COVID-19.

5. JMC Projects (India): The company has secured new orders worth Rs 554 crore. The orders include a building project in south India totaling Rs 315 crore and a factory project in Maharashtra of Rs 239 crore.

6. Bank of Maharashtra: The bank has raises Rs 831 crore via preference issue of shares. The lender issued 73.6 crore shares to the government at Rs 11.29 per share.

7. Can Fin Homes: The company’s net profit in Q1FY21 rose to Rs 93.16 crore from Rs 80.98 crore and total income increased to Rs 522.5 crore from Rs 484.14 crore, YoY.

8. VA Tech Wabag: The company has raised Rs 120 crore from the marquee and high networth investors including Rekha Rakesh Jhunjhunwala, the wife of ace investor Rakesh Jhunjhunwala. She has invested Rs 80 crore for 50 lakh shares of the company on a preferential basis.

9. IRCON International: The company’s Q1FY21 net profit fell to Rs 34.46 crore from Rs 144.66 crore while revenue declined to Rs 526.87 crore from Rs 1,069.85 crore, YoY.

10. Adhunik Industries: The company’s net profit in Q1FY21 net profit fell to Rs 34 lakh from Rs 2.6 crore while revenue from operations declined to Rs 72.56 crore from Rs 158.95 crore, YoY.

Here’s a look at buzzing stocks for trade on August 25

stocks

The Indian market is likely to open flat Tuesday amid gains in global markets. At 8:25 am, the SGX Nifty was trading 1 point or 0.01 percent lower at 11,496.00, indicating a steady start for the Sensex and Nifty50.

Here are the top 10 buzzing stocks for today:

1. Axis Bank: The bank has proposed to acquire 17 percent share of Max Life, resulting in total ownership of 18 percent post the transaction.

2. Future Retail: The Kishore Biyani-led company has paid $14 million or about Rs 105 crores in interest dues to its coupon holders on Monday for $500 million senior secured notes.

3. Wipro: The IT major announced a partnership with a standard initial margin model (SIMM) vendor, Quaternion Risk Management to offer SIMM-in-a-box to financial institutions covered under uncleared margin rules (UMR).

4. The Phoenix Mills: The company’s promoters may sell 5.8-7.3 percent stake via block deal at a floor price of Rs 665 per share today, sources said.

5. LIC Housing Finance: The company’s net profit in Q1FY21 rose 34 percent to Rs 817.48 crore from Rs 610.68 crore, YoY, helped by lower provisioning. Net interest income (NII) increased to Rs 1,220.61 crore from Rs 1,181.86 while Net interest margin (NIM) stood at 2.32 percent as against 2.41 percent, YoY.

6. Allcargo Logistics: The company’s promoters have proposed intention to delist the company’s shares.

7. IRB Infrastructure Developers: The company reported a loss of Rs 30.14 crore in Q1FY21 as against a profit of Rs 206.62 crore, YoY. Revenue from operations fell to Rs 1,022.3 crore from Rs 1,773.04 crore, YoY.

8. JSW Energy: The company’s Executive Director and CFO Jyoti Kumar Agarwal has tendered his resignation.

9. Indian Energy Exchange: The company’s MD & CEO Rajiv Srivastava has resigned with immediate effect. Satyanarayan Goel, Non-Executive Chairman of the Board has been given an additional charge of Managing Director & CEO of the company, for an interim period with immediate effect.

10. NOCIL: The company’s consolidated net profit in Q1FY21 fell to Rs 11.95 crore from Rs 32.88 crore while revenue from operations declined to Rs 106.51 crore from Rs 229.59 crore, YoY.

Here’s a look at buzzing stocks for trade on August 21

The Indian market is likely to open higher Friday following a rally in global markets. At 8:05 am, the SGX Nifty was trading 79.00 points or 0.70 percent higher at 11,378.00, indicating a positive start for the Sensex and Nifty50.

Here are the top 10 buzzing stocks for today:

1. SBI Life Insurance Company and Divi’s Laboratories will be included in Nifty with effect from September 25, 2020. Bharti Infratel and Zee Entertainment Enterprises will be excluded.

2. Wipro: The company has set up a blockchain-based gas trading platform for Uniper Global Commodities SE.

3. Indian Overseas Bank: The bank has reported Q1FY21 net profit at Rs 120.69 crore versus loss of Rs 342.08 crore, YoY. NII rose 9.6 percent to Rs 1,412.32 crore from Rs 1,288.46 crore, YoY.

4. GMM Pfaudler: The company has signed a definitive agreement to acquire a majority stake (54 percent) in the global business of the Pfaudler Group from Pfaudler UK.

5. J Kumar Infraprojects: The company reported a net loss of Rs 20.81 crore in Q1FY21 as against a profit of Rs 40.92 crore, YoY. Revenue declined 57.2 percent to Rs 285.25 crore from Rs 667.74 crore, YoY.

6. MOIL: The company’s Q1FY21 net profit was reported at Rs 1.88 crore as against Rs 90.7 crore while revenue was at Rs 152.3 crore versus Rs 280 crore, YoY.

7. Indian Bank: Crisil Ratings has revised the outlook on the bank’s four tier-2 bond issues worth a total Rs 1,600 crore to negative, while retaining the ratings of these debt instruments at AAA. It has also downgraded rating of Rs 500 crore worth additional tier 1 (AT1) bonds to AA from AA+ and revised the outlook to negative.

8. Jump Networks: The company shall be receiving firm, an unconditional offer from Jump Networks, Inc, USA for investment on or before September 5, 2020.

9. Premier Explosives: The company received an order from Israel Aerospace Industries, Israel (IAI) for development and supply of EDRM rocket motors for a total value of $520,000. The order is expected to be delivered within 9 months.

10. HealthCare Global Enterprises: The company’s net loss in Q1FY21 widened to Rs 45.61 crore from Rs 20.59 crore while revenue fell 28 percent to Rs 193.46 crore from Rs 268.88 crore, YoY.

Here’s a look at buzzing stocks for trade on August 20

Stock market

The Indian market is likely to open lower Thursday on weak global cues after the overnight release of July meeting minutes from the US Federal Reserve’s policymaking body. At 8 am, the SGX Nifty was trading 143.75 points or 1.26 percent lower at 11,284.20, indicating a negative start for the Sensex and Nifty50.

Here are the top 10 buzzing stocks for today:

1. PNB Housing Finance: The company’s board has approved raising up to Rs 1,800 crore equity capital.

2. Titan Company: The company said that it is fully hedged with gold on lease and gold bought from stock markets. The ineffective hedge loss due to mismatch in sales quantity will be reversed subsequently with a corresponding reversal of stock gain accrued in the Q1FY21, it added.

3. Yes Bank: The bank has sold entire stake of 6.34 crore equity shares (10.12% stake) in CG Power & Industrial Solutions in various tranches.

4. L&T Finance Holdings: The company’s board has approved raising up to Rs 200 crore via non-convertible debentures.

5. Zee Learn: Ajey Kumar has resigned as Managing Director of the company.

6. IIFL Wealth Management: The company’s board has a declared special dividend of Rs 40 per share. The record date is set on August 27.

7. Chalet Hotels: Rajeev Newar has resigned from the post of CFO of the company w.e.f. August 19.

8. Cosmo Films: The company’s board has given in-principle nod for its foray in pet care business. The pilot project id expected by early 2021 with an investment of Rs 15 crore over the next 18 months in NCR.

9. Ramky Infrastructure: The company’s net loss in Q1FY21 widened to Rs 61.96 crore from Rs 5.77 crore, YoY. Revenue fell to Rs 238 crore from Rs 546.67 crore, YoY.

10. Ruchi Soya Industries: The company’s Q1FY21 net profit fell to Rs 12.3 crore from Rs 14.01 crore while revenue declined to Rs 3,043 crore from Rs 3,112.3 crore, YoY.

Here’s a look at buzzing stocks for trade on August 19

markets

The Indian equity benchmark indices, Sensex and Nifty may open on a positive note Wednesday on strong global cues after the S&P 500 stateside rose to a new record overnight. Asian markets gained with the MSCI Asia ex-Japan index trading 0.19 percent higher. Meanwhile, the SGX Nifty was trading with gains of 34.00 points or 0.30 percent at 11,445.50, at 8:05 am.

Here are the top 10 buzzing stocks for today:

1. Reliance Industries: The company’s subsidiary Reliance Retail Ventures Limited (RRVL) has acquired a majority equity stake in Vitalic Health and its subsidiaries Netmeds for a cash consideration of approximately Rs 620 crore. The investment represents around 60 percent holding in the equity share capital of Vitalic and 100 percent direct equity ownership of its subsidiaries — Tresara Health, Netmeds Market Place and Dadha Pharma Distribution. (Disclosure: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.)

2. Zee Entertainment Enterprises: The company’s Q1FY21 net profit fell 94.3 percent to Rs 30.4 crore from Rs 530.6 crore while revenue declined 34.7 percent to Rs 1,312 crore from Rs 2,008 crore, YoY. The company has appointed Subhash Chandra as Chairman Emeritus and R Gopalan as Chairman of the board.

3. Yes Bank: The bank has repaid the Reserve Bank of India (RBI) Rs 35,000 crore out of the Rs 50,000 crore of Special Liquidity Facility (SLF) that was extended to the bank to make up for any shortfall in deposits during the crisis in March this year.

4. Indiabulls Real Estate: The company has signed definitive merger documentation with Embassy Group. IBREL existing shares to be valued at Rs 92.50 per share. NAM shareholders will get 6.619 shares of IBREL for every 10 shares of NAM.

5. Mahindra & Mahindra Financial Services: The company has raised Rs 3,089 crore by issuing equity shares to existing investors.

6. Hindustan Aeronautics: The company’s Q1FY21 profit fell 1 percent to Rs 1,226 crore from Rs 1,238.9 crore while revenue increased to Rs 10,239 crore from Rs 10,159 crore, YoY.

7. Dilip Buildcon: The company through its joint venture HCC-DBL has received the letter of acceptance (LOA) for a project worth Rs 1,334.95 crore from Rail Vikas Nigam in Uttarakhand.

8. SML Isuzu: ICRA has cut the company’s long-term rating to A+ from AA-.

9. Dixon Technologies: The company’s board will meet on August 21 to consider raising funds via equity or debt.

10. Agro Tech Foods: CRISIL has reaffirmed the company’s long term credit rating to AA- but revised outlook to Stable from Negative.