Paras Defence IPO, Jubilant FoodWorks to Hotel Stocks - here are top Buzzing Stocks today

Domestic stock markets were trading with decent gains on Thursday’s noon deals. The positive global cues boosted the sentiment of the investors. At 12.59 pm, the S&P BSE Sensex was trading with a gain of 793.05 points, or 1.35%, at 59,720.38 while the Nifty 50 index was trading 225.25 points or 1.28% at 17,771.90. Meanwhile, certain stocks were in action in either direction based on reports linked to them. Here is a list of few such stocks:

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IPO Update

Paras Defence IPO: The Rs 170 crore initial public offering (IPO) of Paras Defence and Space Technologies Limited was subscribed 84.85 times by 12:51 pm on Thursday, the last day of bidding. The subscription will close on Thursday, September 23, 2021. The price band for the issue of the Mumbai-based defence company has been fixed at Rs 165-175 per share. The issue comprises a fresh issue of Rs 140.6 crore by the company and an offer for sale of up to 17,24,490 equity shares worth Rs 30 crore by existing shareholders including Paras Defence promoters. Retail investors can subscribe to the IPO by placing bids in the lot of 85 equity shares and multiples of 85 thereafter. 

Stock in News

Jubilant FoodWorks: Up 2.40%. Jubilant Foodworks Limited has entered into Share Subscription Agreement and Shareholders' Agreement to acquire a 25.02% stake in Wellversed Health Private Limited. It will acquire 25.02% stakes of Wellversed at Rs 10 crore. Wellversed is a Gurgaon-based nutrition company offering a variety of food products tailored for specific nutrition and dietary needs including keto, gluten-free, vegan, high-protein, diabetic and immunity.

Bharti Airtel: Up 0.39%. The Board of Directors of the telecom major has approved the rights issue of 39.22 crore shares at a price of Rs 535 per rights equity share for an amount aggregating up to Rs 20,987.39 crore. The rights issue of Bharti Airtel will open on October 5, 2021, and close on October 21, 2021. The company also noted that the 'Record Date', for the purpose of determining the shareholders who shall be eligible to receive the rights entitlement in the issue, is September 28, 2021. 
Jubilant Ingrevia ltd: Up 0.93%. Jubilant Life Sciences International Pte. Limited, Singapore, a wholly-owned subsidiary of the Company has divested its entire 10% stake, consisting of 5,40,463 shares, held in Safe Foods Corporation for a consideration of US $ 18.2 Million (approx. Rs 134.2 crore) pursuant to the approval of the plan of merger between Safe Food and Packers Sanitation Services Inc Limited.
Infosys: Up 0.96%. Infosys has announced a strategic collaboration with Amazon Web Services (AWS) to develop quantum computing capabilities and use cases. Infosys will use Amazon Braket to explore and build multiple use cases in quantum computing as part of Infosys Cobalt cloud offerings.
Havells: Up 0.74%. LIC sold a 2% stake in the company from June to September 21, 2021, Holding reduced from 5% to 3%. 
Buzzing Stocks

Raymond: Up 3.15%. 
Dixon Technologies: Up 4.30%.
Tata Motors: Up 2.74%. 
Tata Motors DVR: Up 2.54%. 
Tata Elxsi: Up 3.02%. 
Piramal Enterprises: Up 3.75%. 
Birlasoft: Up 1.02%. 
Welspun India: Up 10.60%.  
KEI Industries: Up 5.86%. 
Coal India: Up 3.27%. 
Sarda Energy: Up 5%. 
KRBL: Up 3.78%. 
APL Apollo: Up 3.84%. 
Bharat Dynamics: Up 1.39%. 
Tejas Networks: Up 4.99%. 
GeeCee Ventures: Up 15.58%.
AU Small Finance: Up 1.83%. 
EIH: Up 4.03%.
NBCC: Up 4.55%. 
KEI Industries: Up 5.75%. 
ELGI Equipment: Up 3.03% 
ABB Power Products and Systems: Up 3.61%. 
Metropolis: Up 3.05%. 
UTI AMC: Up 3.95%. 
JBM Auto: Up 11.58%. 
Mphasis: Up 3.14%.
KEC International: Up 2.94%. 
Brokerage Houses: Moving up. Stocks like Edelweiss – up 2.94%; Motilal Oswal – up 3.23%; Angel Broking – up 2.59% and IIFL Finance – up 2.16% were trading with gains. 
Power Stocks: Moving up. Stocks like Tata Power – up 3.99%; CG Power – up 4.99%; Kalpataru Power – up 2% and Torrent Power – up 1.55% were trading with gains. 
Housing Finance Companies: Moving up. Stocks like Aavas Financiers - Up 5.49%, Indiabulls Housing Finance – up 3.35%; Home First Finance – up 7.08% and Can Fin Homes – up 4.22% were trading with gains. 
Real Estate Stocks: Moving up. Stocks like Godrej Properties – up 7.22%; Purvankara – up 8.84%; IB Real Estate – up 2.27%; Hemisphere Properties – up 6.18%; Oberoi Realty Ltd – up 5.50%; Repco Home Finance – up 5.77% and DLF – up 5.79% were trading with gains. 
Hotel Stocks: Moving up. Stocks like Indian Hotels – up 5.69%; Royal Orchid – up 6.61%; Kamat Hotels – up 2.67% were trading with gains. 
Retail Stocks: Moving up. Stocks like V2 Retail – up 9.99%; AB Fashion – up 2.14%; Trent – up 2.83%; Avenue Supermarts – up 1.88% were trading higher. 
Package Stocks: Moving up. Stocks like Uflex – up 2.82%; Tinplate – up 3.43%; Jindal Poly Films – up 1.65%; Polyplex – up 2.04% were trading with gains. 
Tyre Stocks: Moving up. Stocks like JK Tyre – up 1.25%; Apollo Tyre – up 2.71%; TVS Srichakra – up 0.96% were trading with gains. 
Liquor Stocks: Moving up. Stocks like Globus Spirits – up 5%; Pioneer Distillers – up 11.18%; United Spirits – up 8.02% and McDowell Holdings – up 4.88% were trading with gains. 
Bajaj Group Stocks: Moving up. Stocks like Bajaj Finserv – up 5.81%; Bajaj Finance – up 2.18%; Bajaj Holdings – up 2.98% were trading higher. 

Stocks at Life High

Godrej Properties: UP 7.89%. Meanwhile, the stock hit the life high of 2,120 earlier in the intraday deals today. 
Reliance Industries: Up 2.51%. Meanwhile, the stock hit the life high of 2,492 earlier in the intraday deals today.