Fino Payments, IEX to Bajaj Electricals - here are top Buzzing Stocks today

Domestic benchmarks were trading with decent losses during the early noon deals of Friday, December 10, 2021. At 12:40 pm, the S&P BSE Sensex was trading with a fall of 372.91 points or 0.63% at 58,434.22 while the Nifty 50 index was 102.35 points or 0.58% down at 17,414.50. 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

Fino Payments: Up 4.26%
Delta Corp: Up 2.55%.
Tanla Platforms: Up 1.55%.
Asian Paints: Up 3.12%.
CreditAccess: Up 11.85%.
Siemens: Up 8.07%.
Welspun Corp: Up 3.15%.
Just Dial: Up 2.17%.
Tata Communications: Up 1.64%.
Aarti Drugs: Up 3.55%.
Cummins India: Up 3.17%.
Ramco Systems: Up 9.33%.
Transformers & Rectifiers: Up 10.57%.
NBCC: Up 5.04%.
Liberty Shoes: Up 6.12%.
Go Fashion: Up 3.18%.
Mahindra & Mahindra: Up 1.45%.
Thermax: Up 9.75%.
IEX: Up 8.65%

BSE Ltd.: Up 3.52%. Meanwhile, the stock hit a life high of Rs 2,160 per share in the intraday trade today.

Polyplex: Up 3.76%. Meanwhile, the stock hit a life high of Rs 2,085 per share in the intraday trade today.

Adani Group Stocks: On a move. Stocks like Adani Enterprises - up 2.34%; Adani Ports - up 2.34% and Adani Power - up 1.55% were trading with gains.

Auto Ancillary Stocks: On a move. Stocks like LG Balakrishnan - up 7.29%; Minda Corp - up 5.44%; Minda Industries - up 2.55%; Timken India - up 2.93%; Suprajit Engineering - up 1.31%; Motherson Sumi - up 1.78% and Lumax Industries - up 1.35% were trading with gains.

Banking Stocks: On a move. Stocks like Yes Bank - up 4.29%; South Indian Bank - up 2.72%; IDFC First Bank - up 2.73%; Dhanlaxmi Bank - up 1.69%; City Union Bank - up 2.60% and IDBI Bank - up 1.54% were trading with gains.

Chemical Stocks: On a move. Stocks like Chembond Chemicals - up 7.68%; Phillips Carbon - up 5.05%; Jubilant Industries - up 4.19%; Manali Petrochemicals - up 2.29%; Neogen Chemicals - up 1.82%;

Fineotex Chemical - up 2.32% and Andhra Petrochemicals - up 1.94% were trading with gains.

Cement Stocks: On a move. Stocks like Shiva Cement - up 4.25%; Shree Digvijay - up 2.49%; Everest Industries - up 2.34%; Orient Cement - up 1.85%; Grasim - up 1.72% and Anjani Portland Cement - up 1.09% were trading with gains.

Consumer Durable Stocks: On a move. Stocks like TTK Prestige - up 5.68%; Dixon Technologies - up 2.31%; Blue Star - up 1.28%; and Amber Enterprises - up 0.81% were trading with gains.

Tea & Coffee Stocks: On a move. Stocks like CCL Products - up 4.51%; Harrisons Malayalam - up 2.03%; Jayshree Tea - up 1.43%; Tata Coffee - up 1.86% and McLeod Russel - up 0.72% were trading with gains.

Textile Stocks: On a move. Stocks like Himatsingka Seide - up 5.75%; Raymond - up1.26%; Trident - up 1.66%; Laxmi Machine - up 1.58% and Page Industries - up 1.25% were trading with gains.

Listing + IPO Update: Star Health IPO Listing + Metro Brands IPO + Shriram Properties IPO + C.E. Info Systems IPO + RateGain Travel IPO

Star Health IPO Listing: The shares of Rakesh Jhunjhunwala-backed Star Health and Allied Insurance witnessed a tepid stock market debut today. The stock listed below the issue price of Rs 900 per share. The counter was listed at around a 6% discount to Rs 848.8 per share on the BSE and Rs 845 per share on the NSE. It made a 52-week high of Rs 940 per share on the BSE and NSE during the early morning trade today. The initial public offering (IPO) of Star Health had been subscribed 79% on the last day of the offer. The issue price for the IPO worth Rs 7,249 crore was Rs 900 per share.

Metro Brands IPO: The initial public offering (IPO) of ace investor Rakesh Jhunjhunwala-backed Metro Brands Ltd, was subscribed 0.14 times by 12:20 pm today, the first day for bidding for the issue. The Retail Individual Investors (RIIs) portions were subscribed 0.28 times. The three-day initial share sale of the footwear retailer will close on Tuesday, December 14, 2021. The company has fixed a price band of Rs 485-500 per equity share as it has plans to raise up to Rs 1,368 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.

Shriram Properties IPO: The initial public offering of Shriram Properties, a leading real estate developer and part of Shriram Group, was subscribed 2 times by 12:20 pm on Friday, the third and the last day for bidding. The Qualified Institutional Buyers (QIBs) portion was subscribed 0.23 times, while the Non Institutional Investors (NII) and Retail Individual Investors (RIIs) portions were subscribed 0.25 times and 9.98 times, respectively. The portion reserved for employees was subscribed 1.02 times. The price band for the public issue has been fixed at Rs 113-118 per share for its Rs 600-crore 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.
C.E. Info Systems IPO: The initial public offering (IPO) of C.E. Info Systems Limited, the operator of India's leading map and navigation services provider - MapmyIndia, was subscribed 2.76 times by 12:17 pm on Friday, the second day for bidding for the issue. The Qualified Institutional Buyers (QIBs) portion was subscribed 0.46 times, while the Non Institutional Investors (NII) and Retail Individual Investors (RIIs) portions were subscribed 1.63 times and 4.56 times, respectively. The three-day initial share sale will conclude on Monday, December 13, 2021. The price band for the public issue has been fixed at Rs 1,000-1,033 per share. The company has plans to raise up to Rs 1,040 crore through an offer for the sale of existing shares. Investors can bid for a minimum of 14 equity shares and in multiples of 14 equity shares thereafter. The IPO is entirely an offer for sale of up to 10,063,945 equity shares by existing shareholders. 

Stocks In News

Marksans Pharma: Up 5.01% Marksans Pharma Limited has announced UK MHRA approval for Loperamide 2mg Hard Capsules.

HCC: Up 5.73%. The creditors have chosen the Darwin Group's bid for the former Hindustan Construction Company (HCC) controlled Lavasa township and are likely to vote on the bid soon. Sources aware of the development exclusively informed Zee Business that the creditors in lieu of dues worth Rs 8,836 crore have opted for a plan of Rs 1,814 crore. Rs 1,466 crore, out of Rs 1,814 crore is the resolution amount. Banks will get Rs 929 crore out of Rs 1466 crore while Rs 250 crore will be invested to complete the project and Rs 440 crore has been fixed for settlement of claims of the home buyers. An amount of Rs 679 crore will be converted into a 6% Rupee term loan and Rs 250 crore has been fixed for secured NCD redemption. 

Bajaj Electricals: Up 7.73%.The Board of Directors of the Company at its meeting held on December 9, 2021, authorised some of the directors and officials of the Company to review the corporate structure of the Company to unlock growth and value creation for all business segments ('Restructuring'). The Board, in the same Meeting, has also approved the formation of a wholly-owned subsidiary of the Company, which could provide a ready vehicle to enable the above Restructuring.

Mirza International: Up 17.46%. The Board of Directors of the Company is scheduled to meet today to consider and approve the Composite Scheme of Arrangement of RTS Fashions Private Limited, Mirza International Limited and Redtape Limited and their respective shareholders and creditors. RTS Fashions Private Limited is the ultimate holding company of Mirza U.K. Limited 
Interglobe (down 1.26%)/Spicejet (down 0.40%): Directorate General of Civil Aviation has extended the suspension of scheduled international commercial flight operation till 31st of January next year. This ban shall not apply to international cargo operations and flights specifically approved by DGCA. However, international scheduled flights may be allowed on selected routes by the competent authority on case to case basis. 

Radico Khaitan (down 1.72%)/Globus Spirits (down 2.32%): The Assam government has hiked the excise duty on liquor by 15% to compensate the losses to the state exchequer due to the reduction of value-added tax on petrol and diesel. The new rates will come into effect from December 10, 2021. However, beer and wine prices and cheap brands will remain the same as no additional taxes have been levied on these two beverages. 

Deepak Fertilisers: Up 2.75%. Smartchem Technologies Limited (STL), a 100% subsidiary of Deepak Fertilisers and Petrochemicals Corporation Limited (DFPCL), has performed a ground-breaking ceremony and foundation stone laying of its Technical Ammonium Nitrate (TAN) complex at Gopalpur Industrial Park on December 9, 2021. The project at Tata Steel Industrial Park, Gopalpur is being built with an investment of Rs 2,200 crore and will have a capacity of 377 KTPA. The plant has the best-in-class technology from Casale, which will ensure that it is the safest plant with the lowest possible emission. The project is expected to be completed by August 2024, 50% of the engineering work is already completed and the piling work will begin from January 2022. 

BULK DEALS  

Sequent Scientific:  Up 5.12%.Infinity Holdings sold 1.47 crore shares at Rs 157.02/share. 

Go Fashion India: Up 3.10%. SBI MF bought 15 lakh shares at Rs 1,172/share. India Advantage Fund sold 15 lakh shares at the same price.  

Lyka Labs: Up 4.98%.Algoquant Financials sold 3 lakh shares at Rs 173.24/share.