India Cement, ZEEL to Auto Ancillary Stocks - here are top Buzzing Stocks today

Equity benchmarks were trading firmly with a gain of more than half a per cent on Wednesday's noon deals. At 12:37 pm, the S&P BSE Sensex was trading with a gain of 388.38 points or 0.69% at 56.707.39. The Nifty 50 was trading 120.50 points or 0.72% higher at 16,891.35. Meanwhile, certain stocks were in action in either direction based on reports linked to them. Here is a list of some of such stocks: 

Stocks in News

ZEEL: Sony Pictures Networks India Private Limited (SPNI) and Zee Entertainment Enterprises Ltd. (ZEEL) today announced that they have signed definitive agreements to merge ZEEL with and into SPNI and combine their linear networks, digital assets, production operations and program libraries. The agreements follow the conclusion of an exclusive negotiation period during which ZEEL and SPNI conducted mutual due diligence. The new combined company will be publicly listed in India. After the closing, SPE will indirectly hold a majority of 50.86 per cent of the combined company, the promoters (founders) of ZEEL will hold 3.99 per cent, and the other ZEEL shareholders will hold a 45.15 per cent stake.

India Cement: Up 5.09%. Billionaire investor Radhakishan Damani has increased his stake in India Cements by 2.03%. With this, RK Damani and Gopikishan Damani's total share in the company has increased from 20.73% to 22.76%.  

Vascon Engineers: Up 11.62%. The company has received a Letter of Award amounting to approximately Rs 199 crore from Vedanta Limited for the construction of the Cairn Oil & Gas Residential Complex at Barmer, Rajasthan. The work has been awarded on Design and Build basis. The work has to be completed within 18 months from the date of receipt of this letter of award. 
Take Solutions: Up 1.99%. In view of the injunction order of the Honorable Madras High Court, the company has decided to abort the proposed stake sale of its CRO business under the brand name 'Navitas' to HIG Capital. While the Company reserves the right to appeal against the injunction in the appropriate Court, it will in the meanwhile fully comply with the order of Honorable Madras High Court. 

Deepak Nitrite Ltd.: Up 1.39%. The Board of Directors of the company is scheduled to meet today to consider and approve the raising of funds by way of the issue of equity shares or any other instruments. 

Indiabulls Real Estate: The Board of Directors of the company is scheduled to meet today to consider and approve the raising of funds through the issue of equity shares and/or any other convertible or exchangeable securities, subject to the approval of the members of the Company. 

IndiaMART InterMESH: Up 1.12%. The company has indirectly through its wholly-owned subsidiary, Tradezeal Online Private Limited (TOPL), agreed to acquire 4,784 Compulsorily Convertible Series A Preference Shares and 100 Equity Shares aggregating to 26.01% of Edgewise Technologies Private Limited (‘EasyEcom’), on a fully diluted basis. It will acquire the shares at an investment of Rs 13.35 crore.

Yes Bank: Up 1.92%. The Board of Directors of the Bank on Tuesday has approved raising of funds by issue of equity shares/depository receipts / convertible bonds/debentures/warrants / any other equity-linked securities, through permissible modes, for an amount up to Rs 10,000 crore. 

CreditAccess Grameen: Up 2.57%. Microfinance firm CreditAccess Grameen will infuse up to Rs 250 crore of capital in its subsidiary Madura Micro Finance to augment the capital adequacy ratio of the latter.

MOIL: Up 1.19%. The Buyback Committee of the Board of Directors of the company has fixed Friday, December 31, 2021, as the record date for determining the entitlement and the names of the eligible shareholders/beneficial owners for the offer. On November 10, 2021, the board had unanimously approved a proposal for the buy-back of equity shares not exceeding 3,38,42,668 at 205/share (face value of Rs 10 each) representing 14.26% of the total number of equity shares in the paid-up share capital of the company for an aggregate consideration not exceeding Rs 693 crore (Buy-back Offer Size). 

PI Industries: Up 1.83%. PI Industries has filed a plea before the commercial court in Gurugram regarding termination of deal with Ind-Swift laboratories ltd. 
 

Buzzing Stocks

Tasty Bite: Up 2.19%.
Lakshmi Machine: Up 2.05%.
Solara Active Pharma: Up 2.04%.
Just Dial: Up 4.88%.
Tata Motors: Up 2.69%.                
InterGlobe Aviation: Up 3.11%.
PVR: Up 3.30%.
CRISIL: Up 2.51%.
Solar Industries: Up 4.45%.
IEX: Up 3.56%.  
MCX: Up 4.09%.
BSE Ltd.: Up 1.98%.
Bajaj Electricals: Up 4.84%.
SRF: Up 5.25%.
Trent: Up 2.52%.  
eClerx Services: Up 2.11%.
ABB India: Up 5.05%.
Capri Global Capital: Up 7.93%.
MacroTech Developers: Up 6%.
Brigade Enterprises: Up 6.82%.

Agricultural Stocks: On a move. Stocks like Avanti Feeds - up 1.78%; Shakti Pumps - up 2.14%; Jain Irrigation - up 2.06%; UPL - up 2.17% and Rallis India - up 2.02% were trading with gains.

Liquor Stocks: On a move. Stocks like GM Breweries - up 7.15%; Radico Khaitan - up 5.62%; McDowell Holdings - up 4.96%; SOM Distilleries - up 3.70%; United Spirits - up 1.65% and United Breweries - up 1.27% were trading with gains.

PSU Banks: On a move with Nifty PSU Bank index trading 1.45% higher. Stocks like Canara Bank - up 2.13%; Union Bank - up 2%; SBI - up 1.61% and PNB - up 1.35% were trading with gains.
MidCap IT Stocks: On a move. Stocks like KPIT Technologies - up 3.77%; Take Solutions - up 1.99%; Subex - up 1.73%; LTI - up 2.92% were trading with gains.

Auto Ancillary Stocks: On a move. Stocks like Minda Corp - up 7.16%; Minda Industries - up 5.45%; Motherson Sumi - up 3.75%; Mahindra CIE - up 2.31%; Federal-Mogul - up 2.75% and Lumax Auto Technologies - up 3.60%were trading with gains.

Tyre Stocks: On a move. Stocks like Apollo Tyre - up 2.19%; Balkrishna Industries - up 1.66% and CEAT - up 1.12% were trading with gains.
Cement Stocks: On a move. Stocks like KCP Ltd. - up 5.83%; India Cements - up 5.09%; HIL Ltd. - up 4.79%; Shree Digvijay Cement - up 2.07% and Anjani Portland Cement - up 1.99% were trading with gains.

Newly listed Stocks

MapmyIndia: Up 5.24%. Fidelity Investment Trust Fidelity Series Emerging Markets Fund acquired 3,18,100 equity shares in the company at Rs 1,404.47 per share. Goldman Sachs Funds - Goldman Sachs India Equity Portfolio bought 3,76,708 equity shares at Rs 1,392.99 per share on the NSE. 

Go Fashion India: Up 4.63%.

RateGain Travel: Up 5.82%.

Paytm: Up 2.23%.
 

Listing + IPO Update: Metro Brands Listing + CMS Info Systems IPO 

Metro Brands IPO Listing: Shares of Metro Brands, which is one of the largest Indian footwear speciality retailers in India, made a muted debut on the bourses, NSE & BSE, today, as the scrip was listed at Rs 436 on BSE. a discount of 12.8 per cent over its issue price of Rs 500. On the National Stock Exchange (NSE), the stock is listed at Rs 437, a discount of 12.6% over the issue price. The initial public offering (IPO) of ace investor Rakesh Jhunjhunwala-backed Metro Brands Ltd, closed with 3.64 times subscription on Tuesday, the third and last day for bidding. The Qualified Institutional Buyers (QIBs) portion was subscribed 8.49 times, while the Non-Institutional Investors (NIIs) and Retail Individual Investors (RIIs) portions were subscribed 3.02 times and 1.13 times, respectively. The company has plans to raise up to Rs 1,367.5 crore through the public issue.

CMS Info Systems IPO: The initial public offering (IPO) of CMS Info Systems Limited, India's largest cash management company in terms of the number of ATM points and retail pick-up points, was subscribed 0.51 times (51%) by 12:32 pm today, the second day for bidding for the issue. The Non-Institutional Investors (NII) and Retail Individual Investors (RIIs) portions were subscribed 0.03 times and 1.01 times, respectively. Bidding for the CMS Info Systems IPO will end on Thursday, December 23, 2021. The company seeks to raise Rs 1,100 crore from the initial public offer. The shares of the company will be available for bidding in a price band of Rs 205-216 per share. Retail investors can bid for the public offer for a minimum of 69 equity shares, and in multiples thereof up to 13 lots. At the upper end of the price range, one lot is valued at Rs 14,904 and 13 lots worth Rs 1,93,752. The initial share sale of Mumbai-based CMS Info Systems is entirely an offer for sale (OFS) by promoters and existing shareholders.