Grasim Industries, UCO Bank, Larsen & Turbo, Strides Pharma to Cadila - here are top Buzzing Stocks today

After fluctuating between gains and losses in the noon deals amid volatility on Monday, the domestic benchmarks were trading with minor losses. At 12:30 pm, the S&P BSE Sensex was down 93.59 points or 0.19% and was trading lower at 48,784.95, while Nifty 50 was trading at 14,362.55 down 9.35 points or 0.07%. Reliance (down 4.46%), Eicher Motors (down 2.80%), Asian Paint (down 2.74%), Tata Motors (down 2.26%) and BPCL (down 2.20%) were the top Nifty 50 losers. Meanwhile, there are certain stocks which were in action in either direction based on reports linked to them. Here is a list of few such stocks:

Grasim Industries (up 9.67%): Grasim was trading high today after the company informed exchanges that it plans to enter paints business. Grasim on Friday announced that it will foray into the paints business with an initial investment of Rs 5,000 crore over the next 3 years. This is part of the company's endeavours to invest in businesses that have the potential to be a leader in their addressable markets and generate consistent and attractive returns in the long term.

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UltraTech (up 1.14%): Shares of the cement manufacturer was trading in the green today as it has posted December Quarter numbers.

L&T (up 1.69%): Share prices of Larsen & Turbo rose more than 1.50% in early trade today as the company has submitted the lowest bid of Rs 3,500 crore for Chennai Metro Phase II, sources informed Zee Business. Besides, it will also post its December quarter later today.

Lupin (up 1.73%) + Strides Pharma (1.29%) + Cadila (up 1.73%): The companies were trading higher as they have received approvals. Lupin has received approval for Sevelamer Carbonate Tablets. Strides has received USFDA approval for Ursodiol Capsules. Shares of Cadila were trading high after it reported Zydus has received positive results from Phase 2(b) studies of Desidustat in COVID-19 patients. Besides, other pharma stocks were also trading higher today.

UCO Bank (up 3.11%): Public sector UCO Bank has reported the results of the third quarter ended December 2020 and reported a net profit of Rs 35.44 crore for the, on account of lower provisioning for bad loans. It had posted a loss of Rs 960 crore in the corresponding quarter last year.

Kotak Bank (up 1.49%): The shares of Kotak Bank were trading higher today as the bank is scheduled to post its financial numbers of the quarter ended December 31, 2020.