Exchanges, Banking Stocks and Zen Technologies - here are top Buzzing Stocks today

The equity benchmarks continued to trade near their intraday high during the noon deals of Wednesday, December 8, 2021. The Nifty index hovered over the 17,400-mark. Investors cheered the RBI Monetary Policy Committee's (MPC's) decision to keep the interest rates unchanged. 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

All Exchanges: On a move with BSE Ltd. - up 7.96%; MCX - up 7.03% and IEX - up 3.28% trading with gains.

Metal Stocks: On a move. Stocks like with Nifty Metal index was trading 1.31% higher. Stocks like Welspun Corp - up 4.65%; Jindal Steel - up 3.51%; Ratnamani - up 3.48%; Adani Enterprises - up 2.24%; JSW

Steel - up 1.62% and SAIL - up 1.58% among others except Vedanta - down 0.38% were trading with gains.

PSU Banks: On a move with Nifty PSU Bank index trading 1.38% higher. Stocks like Indian Bank - up 4.82%; SBI - up 2.22%; Bank of India - up 1.95%; Bank of Baroda - up 1.56%; Union Bank - up 1.50% and

Canara Bank - up 1.31% among others were trading with gains.

Private Banking Stocks: On a move with Nifty Private Bank index trading 1.38% higher. Stocks like ICICI Bank -up 2.71%; RBL Bank - up 2.07%; IDFC First Bank - up 1.67%; Bandhan Bank - up 1.62% and

HDFC Bank - up 1.27% among others were trading with gains.

Realty Stocks: On a move with Nifty Realty index trading 1.29% higher. Stocks like Sobha Ltd - up 2.68%; Sunteck Realty - up 2.56%; Phoenix Mills - up 2.02%; Oberoi Realty - up 1.73% and Prestige Estate - up 1.21% among others were trading with gains.

Auto Stocks: On a move with Nifty IT index trading 1.10% higher. Stocks like Bharat Forge - up 2.05%; Tata Motors - up 1.77%; Bosch - 1.48%; Ashok Leyland - up 1.47% and Hero MotoCorp - up 1.11% among others were trading with gains.

IT Stocks: On a move with Nifty IT index trading 1.95% higher. Stocks like Mindtree - up 3.67%; Mphasis - up 3.25%; LTTS - up 2.26%; HCL Technologies - - up 2.23%; Infosys - up 2.18% and Coforge - up 1.79% among others were trading with gains.

Oil & Gas Stocks: On a move with Nifty Oil & Gas index trading 1.03% higher. Stocks like Adani Gas - up 2.40%; INGC - up 1.41% and Reliance - up 1.40% were trading with gains.  

Footwear Stocks: On a move. Stocks like Relaxo - up 2.54%; Liberty - up 4.04%; Khadim - up 1.86% and Mirza International - up 9.92% were trading with gains.

Restaurant & QSR Stocks: On a move. Stocks like Coffee Day - up 4.51%; Devyani International - up 12.94%; Westlife Development - up 2.88% and Speciality Restaurants - up 1.09% were trading with gains.

Offshore Stocks: On a move. Stocks like Asian Energy - up 6.37%; HOEC - up 4.27%; and Jindal Drilling - up 3.70% were trading with gains.

Liquor Stocks: On a move. Stocks like Tilaknagar Industries - up 4.98%; GM Breweries - up 3%; Pioneer Distilleries - up 2.24%; Pioneer Distilleries - up 2.24% and Radico Khaitan - up 2.18% were trading with gains.

Hosiery Stocks: On a move. Stocks like Lux Industries - up 2.94%; Lovable Lingerie - up 11.14% and Dollar Industries- up 3.10% were trading with gains.

Hotel Stocks: On a move. Stocks like Kamat Hotels - up 4.15%; Oriental Hotels - up 1.78%; EIH Associated - up 1.13%; TAJ GVK - up 1.79%and Indian Hotels - up 3.82% were trading with gains.

Polyplex Corp: Up 7.68%.

Asian Energy: Up 7.84%
Inox Leisure: Up 5.25%
Jindal Steel & Power: Up 3.82%.
Kennametal India: Up 4.61%.
Vodafone Idea: Up 2.11%.
Chennai Petroleum: Up 4.13%.
Delta Corp: Up 3.75%.
IRCTC: Up 3.37%.
Mayur Uniquoters: Up 8.30%.
Infosys: Up 2.06%.
Tata Steel: Up 1.78%.
La Opala: Up 4.34%.
Sequent Scientific: Up 3.08%.
Polycab: Up 2.39%.
Page Industries: Up 2.01%.
Dixon Technologies: Up 3.30%.
ICICI Lombard: Up 2.19%.
Bajaj Electricals: Up 2.83%.
ICICI Securities: Up 2.76%.
BF Investment: Up 2.79%.
PNB Housing: Up 1.99%.        
Burger King: Up 4.70%.
Redington India: Up 4.73%.

Stocks in News

Zen Technologies: Up 3.32%. Unistring Tech Solutions Private Limited (UTS), a subsidiary of Zen Technologies Limited, has secured an order worth Rs 61 crores from an Indian defence PSU. UTS has embraced the 'less is more’ philosophy following Zen's investment and has achieved this milestone order by ensuring laser-like focus on developing electronic warfare and counter-drone technologies.

Jai Corp (up 3.13%)+ RIIL (up 5.61%) + BF Utilities (up 6.14%): (Zee Business Exclusive). A bill to amend the Special Economic Zones (Amendment) Act is likely to be approved at the Union Cabinet meeting scheduled to be held today. Sources aware of the development has informed Zee Business that big changes are likely to be announced in the Act to attract investment. It will add special rules and easy conditions for new businesses. It will also encourage single/multi-partner investment of foreign companies. According to sources, the Act is being amended with an aim to attract international investors to SEZ. Recently, SEZ denotification has to be approved by many big investors and efforts are being made to make those company to rejoin and take benefit of other schemes as well.

MCX: Up 7.03%. SEBI issues consultation paper regarding developing One Commodity One Exchange.  

Praj Industries: Up 4.03%. The process and project engineering company Praj Industries has announced an innovative solution to process sugarcane juice into a new sustainable feedstock BIOSYRUP for round the year ethanol production. The company has developed a patented technology to process cane juice into conditioned BIOSYRUP that has storability of upto 12 months. This facilitates sugar mills to produce ethanol beyond sugar season thus helping increase production capacity & maximize revenue. Sugarcane juice is a perishable and seasonal feedstock that cannot be stored for more than 24 hours.

Hindustan Zinc: Up 1.98%. The Board of Directors of the company on Tuesday approved an interim dividend of Rs 18 per equity share for the financial year 2021-22. The record date for the purpose of determining the eligibility for payment of interim dividend, as earlier communicated is Wednesday, December 15, 2021. Vedanta in Focus as it holds 65% stakes in Hindustan Zinc.
Reliance Industries: Up 1.40%. Abu Dhabi Chemicals Derivatives Company RSC Ltd (“TA’ZIZ”) and Reliance Industries Limited (RIL), have agreed to launch ‘TA’ZIZ EDC & PVC’, a world-scale chemical production partnership at the TA’ZIZ Industrial Chemicals Zone in Ruwais. The new joint-venture will construct and operate a Chlor-Alkali, Ethylene Dichloride (EDC) and Polyvinyl Chloride (PVC) production facility, with an investment of more than $200 crore. The first investment by Reliance in the region strengthens ties between the UAE and India.
DLF: Up 1.28%. The real estate company has plans to launch projects worth Rs 1,800 crore in the second half of FY22 (H2FY22). It will launch projects of 77 lakh square feet that will include value homes, premium and commercial properties. ( Info Given In Analyst Call)

IPO Update: RateGain Travel Technologies IPO + Shriram Properties IPO 

RateGain Travel IPO: The Rs 1,336-crore initial public offering of RateGain Travel Technologies Limited, a distribution technology and Software-as-a-Service (SaaS) company, was subscribed 0.55 times by 12:38 pm at BSE on Wednesday, the second day for bidding for the public issue. The Non-Institutional Investors (NII) and Retail Individual Investors (RIIs) portions were subscribed 0.04 times and 2.95 times respectively. The portion reserved for employees was subscribed 0.41 times. The three-day issue will conclude on Thursday, December 9, 2021. The company has fixed a price band of Rs 405-425 per equity share. The IPO comprises a fresh issue of equity shares aggregating up to Rs 375 crore and an offer-for-sale (OFS) of up to 2.26 crore equity shares worth Rs 961 crore by promoters and existing shareholders. The retail investors can place a bid for a lot of 35 Equity Shares and in multiples thereof.

Shriram Properties IPO: The Rs 600-crore initial public offering of Shriram Properties Limited, a leading real estate developer and part of Shriram Group, was subscribed 0.56 times by 12:38 pm at BSE on the first day for bidding. The Non-Institutional Investors (NII) and Retail Individual Investors (RIIs) portions were subscribed 0.01 times and 3.08 times respectively. The portion reserved for employees was subscribed 0.13 times. The three-day initial share sale will conclude on Friday, December 10, 2021. The price band for the public issue has been fixed at Rs 113-118 per share. The company seeks to raise Rs 600-crore through the initial share sale. The initial public offering comprises a fresh issue of Rs 250 crore and an offer for sale of Rs 350 crore by investors. Investors can bid for a minimum of 125 equity shares and in multiples of 125 equity shares thereafter.