Indian benchmarks were trading in the green with marginal gains in the noon deals of Thursday, December 16, 2021. At 1:00 pm, the S&P BSE Sensex was trading 217.12 points, or 0.38%, higher at 58,005.15. The NSE Nifty was 51.30 points, or 0.30%, up at 17,272.70. Meanwhile, certain stocks were in action in either direction based on reports linked to them. Here is a list of some of such stocks:

COMMERCIAL BREAK
SCROLL TO CONTINUE READING

Buzzing Stocks

  • Motilal Oswal: Up 2.47%.
  • UTI AMC: Up 2.59%.
  • Global Vectra: Up 19.98%.   
  • Thermax: Up 2.54%.    
  • Bajaj Finance: Up 1.98%.
  • ICICI Prudential: Up 1.53%.
  • RHI Magnesita: Up 1.74%.
  • PayTm: Up 1.23%.
  • Infosys: Up 1.85%.
  • Wipro: Up 1.09%.
  • Infra Stocks: On a move. Stocks like ARSS Infrastructure - up 11.22%; IL&FS Engineering - up 3.88%; MEP Infrastructure - up 2.84% and Punj Llyod - up 3.39% were trading with gains.
  • Ceramics & Granite Stocks: On a move. Stocks like NITCO - up 16.64%; Murudeshwar Ceramics - up 1.08%; Kajaria Ceramics - up 1.54% and Pokarna - up 1.28% were trading with gains.
  • Cement Stocks: On a move. Stocks like Sagar Cement - up 4.21%; Everest Industries - up 2.26%; Grasim - up 1.26% and HIL - up 1.13% were trading with gains.
  • Chemical Stocks: On a move. Stocks like Foseco India - up 8.01%; Punjab Alkalies - up 6.11%; Tanfac Industries - up 2.23%; Paushak Ltd - up 2.44% and Orient Abrasives - up 1.73% were trading with gains.
  • Auto Ancillary Stocks: On a move. Stocks like Subros - up 4.18%; LG Balakrishnan - up 4.68%; Minda Industries - up 2.61% and Mahindra CIE - up 0.90%were trading with gains.
  • MidCap IT Stocks: On a Move. Stocks like Persistent Systems - up 1.52%; Zensar Technologies - up 2.81%; Tata Elxsi - up 1% and Intellect Design - up 3.20% were trading with gains.

Declining Stocks

  • IIFL Wealth: Down 4.19%.
  • Bajaj Electricals: Down 3.07%
  • Torrent Power: Down 5.59%.
  • UPL Ltd: Down 1.41%.
  • Hindalco: Down 1.71%.  
  • Hindustan Zinc: Down 2.85%.
  • Hindustan Copper: Down 2.45%.
  • Jet Airways: Down 1.55%.
  • SpiceJet: Down 1.17%.
  • Aster DM Healthcare: Down 2.34%.    
  • Minda Corp: Down 1.18%.      
  • Auto Stocks: On a fall. Stocks like TVS Motor - down 5.91%; Eicher Motors - down 2.07%; Bajaj Auto - down 1.35%; Maruti Suzuki down 1.89%; Hero MotoCorp - down 1.74% were trading wait a fall.
  • Logistics Stocks: On a fall. Stocks like Gati - down 2.69%; Aegis Logistics - down 2.92%; Sical Logistics - down 2.79%; VRL Logistics - down 1.10% and Snowman Logistics - down 1.62% were trading with a fall.
  • Housing Finance Stocks: On a fall. Stocks like IB Housing Finance - down 4.70%; Poonawalla FinCorp - down 3.12%; PNB Housing - down 3.70%; Can Fin Homes - down 2.33%; Repco Home - down 2.43%; GIC Housing - down 1.34% and LIC Housing Finance - down 1.42% were trading with a fall.
  • Food Processing Stocks: On a fall. Stocks like Coffee Day - down 5.08%; Umang Dairies - down 2.94%; KRBL - down 2.76%; Chaman Lal Setia - down 1.98%; Varun Beverages - down 2.50% and Parag Milk - down 1.64% was trading with fall.
  • FMCG Stocks: On a fall. Stocks like Emami - down 3.05%; Jyothy Labs - down 2.17%; Future Consumer - down 0.71%; Tasty Bite - down 1.18%; Mrs Bector Food - down 1% were trading with fall.
  • Consumer Durable Stocks: On a fall. Stocks like TTK Prestige - down 3.77%; TVS Electronics - down 3.65%; Johnson Hitachi - down 1.37%; and PG Electroplast - down 1.42% were trading with fall.
  • Fertiliser Stocks: On a fall. Stocks like Chambal Fertilizer - down 2.48%; Coromandel International - down 1.03%; GSFC - down 1.35% and Aries Agro - down 1.04% were trading with fall.

                        

Stocks in News

  • Subros: Up 4.18%. The company has bagged an order from Indian Railways for the supply of Coach Air-conditioners (LHB-RMPU Type 1) in a recently concluded tender. The Company is already a supplier of Rail Driver Cabin Air-Conditioning system and with this business, the complete scope of air conditioning for rail driver cabins and coaches is complete. This is in line with its strategic direction to expand business in Railway Electric Mobility Segment.
  • Sapphire Foods: Up 1.01%. The one month lock-in period for anchor investors ended today.
  • Wipro: Up 1.09%. Wipro has introduced regulatory literature monitoring for pharmaceutical organizations by entering a managed services engagement with Springer Nature. As per the agreement, Wipro will take over the ADIS Pharmacovigilance business from Springer Nature. Besides, the IT company has entered into a partnership with Italy-based UMPI, a manufacturer of intelligent products and systems, who will use the Wipro Sewage Monitor to empower water companies in Europe to improve accuracy and efficiency as they monitor their systems. In addition, the company has announced that it has signed an agreement to acquire LeanSwift Solutions, a Florida, US-headquartered system integrator of Infor Products at a consideration of USD 21 million.
  • Vodafone Idea: Down 3.34%. The telecom is targeting a four-fold jump in annual capital expenditure to $2 billion (about Rs 15,000 crore).
  • Indiabulls Housing: Down 4.70%. Sameer Gehlaut, the founder of mortgage financier Indiabulls Housing Finance, will sell an 11.9% stake in the company via a block deal. He will offload his stake in the range of Rs 262.35-Rs 267.60 per share and the deal is valued at over Rs 1,400 crore. US private equity giant Blackstone and UAE sovereign wealth fund Abu Dhabi Investment Authority (ADIA) will purchase the stakes.
  • Power Grid: Down 1.02%. Power Grid Corporation of India Ltd's (PGCIL) board on Wednesday approved the payment of Interim Dividend of Rs7 per equity share of Rs. 10/- each (including Special Dividend of Rs 3 per equity share) i.e. @70% of the paid-up equity share capital for the Financial Year 2021-22. The Interim Dividend shall be paid to the Members on January 11, 2022.
  • Sun Pharmaceutical: Down 1.57%. Sun Pharma including its subsidiaries and/or associate companies has announced that one of its wholly-owned subsidiaries has received final approval from US FDA for its Abbreviated New Drug Application (ANDA) for generic Amphotericin B Liposome for Injection, 50 mg/vial Single-Dose Vial. The generic product approval is based on AmBisome® Liposome for Injection, 50 mg/vial as a reference product. As per October 2021 IQVIA Health data, AmBisome® Liposome for Injection, 50mg/vial had annualized sales of approximately US$ 136 million in the USA.
  • MMTC (down 1.88%)/STC (down 1.65%): Central Board of Indirect Taxes & Customs (CBIT&C) has consulted RBI and Security Printing and Minting Corporation of India Limited (SPMCIL) and also signed a tripartite Memorandum of Understanding (MOU) with them. SPMCIL shall now be responsible for the collection, transportation, conversion into standard gold bars and delivery to RBI. The sale of customs confiscated gold by MMTC for the FY 2019-20 and 2020-21 was Rs. 23.49 crores and 105.14 crores respectively, contributing less than 1% of the entire bullion business of MMTC. Earlier, it was routed through all public sector banks (approved by RBI to import and sell gold), MMTC Ltd. and STC Ltd. The decision was taken after the disinvestment of Neelachal Ispat Nigam Ltd. (NINL)- a JV company of MMTC. Request for proposal has been issued by SBI Caps to shortlisted bidders, the closing date of which is December 23, 2021.
  • Ansal Housing: Down 4.73%. HDFC has sold 21.5 lakh shares of the company at Rs 13.94 per share.
  • BSE Ltd.: Down 4.83%. BSE - India's second-largest commodity exchange signed an MoU with the Gem & Jewellery Council (GJC) to promote EGRs (Electronic Gold Receipts) and IIBX (International Bullion Exchange).

IPO Update: Supriya Lifescience IPO + HP Adhesives IPO + Data Patterns IPO + MedPlus Health IPO

  • Supriya Lifescience IPO: The initial public offering (IPO) of Supriya Lifescience Limited, a manufacturer and supplier of Active Pharmaceutical Ingredients (API), which opened for bidding today, was subscribed 1.38 times by 12:50 pm. The Non-Institutional Investors (NIIs) and Retail Individual Investors (RIIs) portions were subscribed 0.40 times and 6.98 times, respectively. The three-day issue will close on Monday, December 20, 2021. The offer price has been fixed at Rs 265-274 per equity share. The company has plans to raise up to Rs 700 crore through this public offer. The issue comprises a fresh issue of up to Rs 200 crore and an offer for sale (OFS) of up to Rs 500 crore. Investors can bid for a minimum of 54 equity shares and in multiples of 54 shares thereof. Retail investors can invest a minimum of Rs 14,796 for one lot, and their maximum investment is Rs 1,92,348 for 13 lots.
  • HP Adhesives IPO: The initial public offering (IPO) of HP Adhesives Limited, an adhesive and sealants company, was subscribed 5.62 times by 12:50 pm on Thursday, the second day of bidding. The Non-Institutional Investors (NIIs) and Retail Individual Investors (RIIs) portions were subscribed 0.85 times and 29.62 times, respectively. The three-day issue will close on Friday, December 17, 2021. The company has fixed a price of Rs 262-274 per equity share. The company has plans to raise up to Rs 125.9 crore from the primary market. The maiden issue comprises a fresh issue of 41,40,000 equity shares worth Rs 113.44 crore and an offer for sale (OFS) of 4,57,200 equity shares worth Rs 12.5 crore. A retail investor can place a bid for a minimum of 50 equity shares and in multiples thereof.
  • Data Patterns IPO: The initial public offering (IPO) of Data Patterns (India) Limited, a vertically integrated defence and aerospace electronics solutions provider, was subscribed 14.61 times by 12:50 pm on Thursday, the third and last day for bidding. The Qualified Institutional Buyers (QIBs) portion was subscribed to 5.55 per cent while the Non-Institutional Investors (NIIs) and Retail Individual Investors (RIIs) portions were subscribed 21 times and 16.80 times, respectively. 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) 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.