CG Power, Devyani International to Lupin - here are top Buzzing Stocks today

Indian benchmarks erased some parts of the early morning losses were trading at losses in the early noon deals on Tuesday. At 12:21 pm, the S&P BSE Sensex was trading at a loss of 128.19 points or 0.22 per cent at 58,155.23. The Nifty 50 index was 49.95 points or 0.20 per cent down to trade at 17,318.30. Meanwhile, certain stocks were in action in either direction based on reports linked to them. Here is a list of some of such stocks:

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Buzzing Stocks

CG Power: Up 4.99%.
APL Apollo Tubes: Up 5.26%.
Schaeffler India: Up 1.12%.
CDSL: Up 2.27%.
Gland Pharma: Up 1.85%.
Coffee Day: up 5.17%
Sequent Scientific: Up 2.08%.
National Fertilizers: Up 2.90%.
Alok Industries: Up 3.61%.
Eclerx Services: Up 3.76%.
Supreme Petrochemicals: Up 2.93%.
BASF India: Up 1.36%.
Zensar Technologies: Up 2.08%.
Shakti Pumps: Up 2.20%.
Taneja Aero Space: Up 3.63%.
Just Dial: Up 4.17%.
Tata Elxsi: Up 1.56%.
Jindal Stainless: Up 2.55%. 
Heritage Foods: Up 1.52%.
PG Eletroplast: Up 1.90%.
Indosolar: Up 4.76%.
Triveni Turbine: Up 2.73%.

Devyani International: Up 3.81%. Meanwhile, the stock hit a life high of Rs 198.90 apiece earlier today in the intraday trade.

Chemical Stocks: On a move. Stocks like Tanfac Industries - up 4.99%; Supreme Petrochem - up 3.04%; Chembond Chemicals - up 3.20%; Meghmani Organics - up 1.37% and IG Petrochemicals - up 1.58% were trading with gains.

Power Stocks: On a move. Stocks like Power Grid - up 2.89%; Adani Transmission - up 3.28%; and GAIL - up 0.97% were trading with gains.

Declining Stocks

CreditAccess Grameen: Down 8.26%.

Hindustan Zinc: Down 6.26%.

Shriram Transport: Down 6.29%.

Shriram City Union Finance: Down 5.82%.

Phoenix Mills: Down 3.12%.

Dixon Technologies: Down 2.72%.

Kotak Bank: Down 2.13%.

Bajaj Finance: Down 1.56%.

Bajaj Finserv: Down 1.17%.

Listing + IPO Update: Anand Rathi Listing + Data Patterns IPO + MedPlus Health IPO + Metro Brands IPO 

Anand Rathi Listing: Anand Rathi Wealth shares made a decent debut on the bourses, NSE & BSE, today. The scrip was listed at Rs 602.05 per share on the BSE, over 9.46% premium against its issue price of Rs 550 per share. On the National Stock Exchange (NSE), the company was listed at Rs 600, a premium of 9.09% over the given issue price. The issue of Anand Rathi Wealth was open for subscription between December 2-4, 2021. The company sold its shares in the range of Rs 530-550 apiece during the three-day bidding process, raising Rs 660 crore. The initial public offering (IPO) of the wealth management arm of Anand Rathi Financial Services was subscribed 9.78 times. The Qualified Institutional Buyers (QIBs) portion was subscribed 2.50 times while the Non Institutional Investors and Retail Individual Investors (RIIs) portions were subscribed 25.42 times and 7.76 times, respectively. The portion reserved for employees was subscribed 1.32 times. The initial share sale is entirely an offer for sale (OFS) of 1.2 crore equity shares (including Anchor portion of 35,25,000 equity shares) by promoters and existing shareholders.

Data Patterns IPO: The initial public offering (IPO) of Data Patterns (India) Limited, a vertically integrated defence and aerospace electronics solutions provider, which opened today for bidding was subscribed 1.50 times by 12:14 pm. Non-Institutional Investors (NIIs) and Retail Individual Investors (RIIs) portions were subscribed 0.74 times and 2.64 times, respectively. The three-day issue will close on Thursday, December 16, 2021. The company has fixed a price range of Rs 555-585 per equity share for an issue worth Rs 588 crore. The maiden issue comprises a fresh issue component up to Rs 240 crore and an offer for sale (OFS) 59.52 lakh equity shares worth Rs 348 crore. A retail investor can bid for a minimum of 25 equity shares and in multiples thereafter. At the upper end of the price band, one lot is worth Rs 14,625. Besides, the company has mopped up Rs 176 crore from anchor investors share on Monday, ahead of its initial public offer opening for a subscription. Axis Mutual Fund (11.4%), Ashoka Fund (11.4%), Nomura (6.8%), HDFC Fund (6.8%), ICICI Pru (6.8%), Aditya Birla (6.8%), Nippon Life (6.8%) among others were the anchor investors.

Metro Brands IPO: The initial public offering (IPO) of ace investor Rakesh Jhunjhunwala-backed Metro Brands Ltd, was subscribed 0.65 times by 12:08 pm on Tuesday, the third and last day for bidding for the issue. The Qualified Institutional Buyers (QIBs) portion was subscribed 0.43 times, while the Non-Institutional Investors (NIIs) and Retail Individual Investors (RIIs) portions were subscribed 0.20 times and 0.96 times, respectively. The company has fixed a price band of Rs 485-500 per equity share as it has plans to raise up to Rs 1,367.5 crore through the public issue. The issue comprises a fresh issue of shares worth Rs 295 crore and an offer for sale (OFS) of up to 2,75,32,574 equity shares worth Rs 1,073 crore by promoters and other shareholders. A retail-individual investor can apply for a minimum of 30 equity shares and in multiples of 30 shares thereafter. 

MedPlus Health IPO: The initial public offering (IPO) of MedPlus Health Services Limited, a pharmacy retailer, was subscribed 0.95 times by 12:11 pm on Tuesday, the second day for bidding. The Qualified Institutional Buyers (QIBs) was subscribed 0.06 times while the Non-Institutional Investors (NII) and Retail Individual Investors (RIIs) portions were subscribed 0.23 times and 1.77 times, respectively. The portion reserved for employees was subscribed 0.87 times. The three-day initial share sale will close on Wednesday, December 15, 2021. The company has fixed a price range of Rs 780-796 per equity share as it has plans to raise up to Rs 1,398 crore from the primary market. A retail investor can bid for a minimum of 18 equity shares and in multiples thereafter. The pubic issue of the pharmacy retailer consists of the issuance of fresh equity shares worth Rs 600 crore while and an offer for sale (OFS) of equity shares aggregating up to Rs 798 crore by the promoter and existing shareholders. 

Stocks in News

Lupin: Up 6.47%. Global pharma major Lupin Limited today announced that it has received the Establishment Inspection Report (EIR) from the United States Food and Drug Administration (US FDA) for its Goa manufacturing facility, after the inspection of the facility in September 2021. The US FDA has determined that the inspection classification of the facility is Voluntary Action Indicated (VAI).

AB Fashion: Up 4.57%. The Board of Directors of the Company today in-principally approved acquiring the exclusive online and offline rights to the global brand ‘Reebok’ for the Indian market and purchase of certain assets of ‘Reebok India Company’ including inventory, currents assets/liabilities by way of entering into a Licensing Agreement and a Purchase Agreement, respectively.

Adani Green Energy: Up 3.11%. The world’s largest solar power developer and the renewable energy arm of the diversified Adani Group, has signed an agreement with the Solar Energy Corporation of India (SECI) to supply 4,667 MW of green power. This is the world’s largest ever green power purchase agreement.

Greenlam Industries: Up 12.33%. The leading laminate manufacturer on Monday announced prominent plans for a fast-tracked expansion of the company. The company aims to invest Rs 950 crores over a period of 2-3 years, towards setting up of third Laminate plant and foray into Plywood and Particle Board business. This expansion will position Greenlam from a decorative surfacing company to a leading integrated wood panel player. Greenlam expects to commence the commercial production of Plywood & Laminate by Q4FY23 and Particle Board by Q4FY24.

Ircon International: Up 1.39%. The company has emerged as the lowest bidder for NHAI's project. The bid project cost is Rs 1,107 crore. The completion period of the project is two years.  

Piramal Enterprises: Down 5.79%. The Board of Directors of the Company on Monday approved the amalgamation of Shrilekha Business Consultancy Private Limited (Shrilekha) (subsidiary in which the Company holds 74.95% stake) into Shriram Capital Limited ('SCL') and to this extent has assented to the Composite Scheme of Arrangement and Amalgamation of Shrilekha into SCL. This Scheme would help simplify the holding structure across entities at Shriram Group. Pursuant to the Scheme, the Company shall hold equity shares of the merged listed entity - Shriram Finance Limited and also shares of resultant entities - Shriram LI Holdings Private Limited, Shriram GI Holdings Private Limited and Shriram Investment Holdings Limited.

HFCL Limited: Down 5.95% The leading innovation-led telecom enterprise has raised Rs 600 crores via the QIP issue. The QIP has shown an overwhelming response from Institutional investors like Reliance Ventures, Quant Mutual Fund, IIFL Wealth, Elara India, Discovery, Segantii, Millennium amongst others who participated in the fundraising program of the Company. The QIP proceeds shall be predominantly utilized towards the funding of capital expenditure requirements for setting up of new manufacturing facilities, capacity expansions and expenditure on R&D and product development.

Bulk / Block Deal 

CAMS: Up 1%. Promoter Great Terrain Investment Ltd sold 35 lakh shares at the rate of Rs 2571 to 2572 per share. Plutus Wealth Management bought 6 lakh shares at Rs 2750 per share.  

Agro Phos India: Up 9.96%. Societe Generale sold 1.02 lakh shares. (CMP Rs 24.6, Market Cap Rs 50 crore, Only NSE).  

Premier Ltd: Up 5%. Anand Rathi Financial Services sold 4.95 lakh shares. (CMP Rs 10, Market Cap Rs 31 crore).