Aptus Value Housing Finance, Hindalco, Paper Stocks to PSU Banks - here are top Buzzing Stocks today
Domestic stock markets extended the gains and were trading near the day's high level on Tuesday’s noon deals. At 1:06 pm, the S&P BSE Sensex was trading with a gain of 233.57 points or 0.42 per cent at 55,789.36.
Domestic stock markets extended the gains and were trading near the day's high level on Tuesday’s noon deals. At 1:06 pm, the S&P BSE Sensex was trading with a gain of 233.57 points or 0.42 per cent at 55,789.36. The Nifty 50 index was trading 71.35 points or 0.43 per cent up at 16,567.80. Meanwhile, certain stocks were in action in either direction based on reports linked to them. Here is a list of few such stocks:
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Two New Listings
Chemplast Sanmar: The stocks of the Specialty chemical firm Chemplast Sanmar debuted on bourses today at Rs 555 per share against the issue price of Rs 541 per share. The Rs 3,850-crore initial public offer of Chemplast Sanmar was subscribed 2.17 times between August 10-12, 2021. The portion set aside for qualified institutional buyers was subscribed 2.7 times, while portions reserved from the non-institutional investors and retail investors were subscribed 1.03 times and 2.29 times, respectively. The IPO comprised a fresh issue of Rs 1,300 crore by the company, and an offer for sale of Rs 2,550 crore by promoters, Sanmar Holdings and Sanmar Engineering Services.
Aptus Value Housing Finance India: The stocks of housing finance company Aptus Value Housing Finance India debuted on bourses today at Rs 333 per share against an issue price of 353 per share. The Rs 2,780 crore initial public offering of Aptus Value received strong demand and was subscribed 17.20 times between August 10-12, 2021. The qualified institutional buyers' portion was booked 32.4 times, while the portions set aside for non-institutional investors and retail investors were subscribed 33.91 times and 1.35 times, respectively. The issue comprised a fresh issuance of shares, aggregating up to Rs 500 crore, and an offer for sale of up to Rs 2,280 crore by promoters and existing shareholders.
Stocks in News
Canara Bank: Up 1.21%. State-owned Canara Bank closed its QIP, garnering a total of Rs 2,500 crore equity capital in the issue. Last week, the bank had launched the qualified institutions' placement (QIP), setting the floor price at Rs 155.58 per equity share. The subcommittee approved the issue price of Rs 149.35 per equity share, which is at a discount of Rs 6.23 per equity share or 4% per equity share to the floor price, for an aggregate value of Rs 2,500 crore to be allotted to the eligible qualified institutional buyers in the QIP.
Indian Hotels: Down 0.69%. The Board of Directors of Indian Hotels Co Ltd (IHCL) has approved the plan to raise up to Rs 3,000 crore through a rights issue. The proceeds of the issue will be utilised for capital expenditure, growth plans and debt repayment and will be finalised in consultation with the merchant bankers. Besides, IHCL’s board also approved the formation of a committee of directors for the said Rights Issue to decide on its terms and conditions including the rights entitlement ratio, the issue price, record date, timing and other related matters.
Maruti Suzuki: Down 0.45% The Competition Commission of India (CCI) on August 23, 2021, imposed a fine of Rs 200 crore on the country's biggest carmaker Maruti Suzuki India Limited (MSIL) for anti-competitive practices related to how it forced dealers to discount cars.
Eicher Motors: Down 0.18%. The company has reappointed Siddhartha Lal as Managing Director with effect from May 1, 2021, for a term of 5 years, subject to requisite approvals of the shareholders through postal ballot. Besides, the Board has now approved a revised remuneration structure for the Managing Director, with a maximum cap of 1.5% of profits as per Section 198 of the Companies Act, the company further stated. Earlier on August 17, 2021, shareholders in the AGM had rejected a proposal for the re-appointment of Siddhartha Lal as the company's managing director for a period of five years with effect from May 1 this year. During the company's 39th AGM, which was held earlier this week, the members also rejected the proposal of increasing Lal's remuneration.
Vedanta: Up 2.32%. The company has notified a Gas & Condensate Discovery (named ‘Jaya’) in its exploratory well Jaya1 (earlier Jambusar-Updip-1) drilled in OALP Block CB-ONHP/2017/2 in Bharuch District of Gujarat. The Block was awarded to the Company in October 2018 and is one of the 41 Blocks awarded to it in the OALP-I round of bidding. The Company holds 100% participating interest in the block. Jaya-1 (earlier Jambusar-Updip-1) is the third well drilled in Gujarat and the second hydrocarbon discovery notified by the Company under the OALP regime.
Hindalco: Up 3%. Hindalco Industries has earmarked growth CAPEX of $300 crore on a consolidated basis over the next five years, chairman Kumar Mangalam Birla said on Monday at Hindalco Industries’ 62nd annual general meeting held via a virtual platform. The company will focus on continuing with organic growth. Part of the CAPEX will be deployed towards Novelis’ business regions in auto-finishing lines expansion in the US and China and rolling and recycling capacity expansion in Brazil.
Yes Bank: Up 0.93%. Enforcement Directorate (ED) has registered a money laundering case against Rana Kapoor, Rana Kapoor’s wife, Avantha Group promoter Gautam Thapar for illegal gratification in lieu of favours extended in connection with official work. The agency has pegged the loss caused to the bank stood at Rs 466.51 crore.
Reliance Industries: Up 0.34%. The company has submitted an application to BSE Limited and the National Stock Exchange of India Ltd for reclassification of Reliance Industrial Infrastructure Limited from the category of Promoter Group of the company to the public in terms of Regulation 31A of SEBI LODR.
Nucleus Software: Up 3.55%. Nucleus Software’s FinnOne Neo to power South Indian Bank’s retail lending landscape.
Voltamp Transformers: Up 2.80%. NCLT Ahemdabad bench has sanctioned the scheme of amalgamation between Kunjal Investments Private Limited and Voltamp Transformers Limited.
Wonderla Holidays: Up 2.56%. Wonderla Kochi is all set to reopen from September 1, 2021.
ITC: Down 0.46%. LIC representative Mr. Hemant Bhargava steps down from the board of directors w.e.f. August 23, 2021.
Tata Power: Down 0.80%. Tata Power renewable successfully commissioned a 150 MW solar PV project in Loharki, Rajasthan.
TCS: Down 0.67%. TCS MasterCraft Products are now available on the Microsoft Azure Marketplace.
Recent IPO Gainers
Burger King: Up 6.10%.
Easy Trip Planners: Up 3.61%.
Barbeque Nation: Up 2.32%.
Buzzing Stocks
Ujjivan Small Finance Bank: Up 8.40%.
Ujjivan Financial Services: Up 3.46%.
IB Real Estate: Up 2.55%.
ITDC: Up 6.45%.
Jindal Stainless: Up 12.03%.
BLS International: Up 13.03%. The stock has gained 28% in 2 days.
Trident: Up 4.87%.
Chennai Petroleum: Up 2.10%.
Carborundum Universal: Up 2.60%.
BASF: Up 3.17%.
Solara Active Pharma: Up 1.47%.
Dishman Carbogen: Up 5.25%.
Alkem Laboratories: Up 1.64%.
Ramco Systems: Up 5.87%.
RBL Bank: Up 2.13%.
Jindal Stainless: Up 11.18%.
Oracle Finance: Up 3.08%.
Thirumalai Chemicals: Up 9.13%.
Escorts: Up 3.63%.
Cholamandalum Investment: Up 5.31%.
TCNS Clothing: Up 3.08%.
Quess Corp: Up 0.81%.
IDFC First Bank: Up 3.79%.
Uflex: Up 3.85%.
Lupin: Up 0.96%.
GHCL: Up 5.59%.
Gujarat Gas: Up 4.02%.
Gujarat Apollo: Up 1.40%.
GSFC: Up 1.50%.
Gujarat Alkalies: Up 2.06%.
Gujarat Sidhee: Up 1.71%.
Gujarat FluoroChemicals: Up 1.27%.
Aarti Surfactants: Up 5.96%.
JM Financial: Up 5.47%.
Paper Stocks: Gains momentum. Stocks like JK Paper – up 6.07%; Tamilnadu Newsprint – up 2.07%; Star Paper – up 2.77%; Pudumjee Paper – up 4.20% were trading with gains.
PSU Stocks: Moving up. Stocks like NALCO – up 4.21%; GAIL – up 2.63%; SAIL – up 1.91%; NMDC – up 3.44%; ONGC – up 0.89% were trading with gain. Also, iron ore prices are up 6% in China.
Falling Stocks
Select Auto Stocks: Falling. Auto stocks like Hero MotoCorp – down 0.47%; Tata Motors – down 1.44%; Maruti Suzuki – down 0.45% were trading with a fall.
Jubilant FoodWorks: Down 2.71%.
Stocks at Life High
Avenue Supermarts: Up 1.24%. Meanwhile, the stock hit the life high at Rs 3,770 per share earlier in the intraday trade today.
Tech Mahindra: Up 2.17%. Meanwhile, the stock hit the life high at Rs 1,454.60 per share earlier in the intraday trade today.
Infosys: Down 0.88%. Meanwhile, the stock hit the life high at Rs 1,757 per share earlier in the intraday trade today.
Bajaj Finserv: Up 7.96%. Meanwhile, the stock hit the life high at Rs 16,584.80 per share earlier in the intraday trade today.
Bajaj Finance: Up 4.11%. Meanwhile, the stock hit the life high at Rs 7,045.65 per share earlier in the intraday trade today.
01:39 PM IST