RBL Bank, Tech Mahindra to Healthcare Stocks - here are top Buzzing Stocks today

Equity benchmarks, Nifty and Sensex, were trading near the flat line in the early noon deals of Monday, December 27, 2021. The metal, oil & gas, and banking stocks were under pressure, while the pharma stocks were in demand. At 12:18 pm, the S&P BSE Sensex was trading with a gain of 109.63 points or 0.19% at 57,233.94. The Nifty 50 index was 27.40 points or 0.16 per cent up and was trading at 17,031.15. 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

RBL Bank: Down 17.61%. The Board of Directors of the Bank at its meeting held on December 25, 2021, accepted the request of Mr Vishwavir Ahuja to proceed on leave with immediate effect. The Board appointed Mr Rajeev Ahuja (currently the Executive Director) as interim Managing Director & Chief Executive Officer of the Bank with immediate effect. Besides, the Reserve Bank of India on December 24, 2021, appointed Mr. Yogesh K Dayal, Chief General Manager, Reserve Bank of India as an Additional Director on the Board of the Bank for two years w.e.f December 24, 2021, till December 23, 2023, or till further orders, whichever is earlier. The company in a letter said, These developments are not on account of any concern on advances, asset quality and deposits level of the Bank. We want to allay any concerns any of you may have in this regard. The Bank has the full support of the RBI. Bank employee unions' umbrella body AIBEA (All India Bank Employees Association) had written a letter to Finance Minister Nirmala Sitharaman expressing concern that everything was not right at RBL Bank and it was going the Yes Bank and Lakshmi Vilas Bank way. It said, the government must protect the interests of depositors at RBL Bank and consider merging it with a state-owned one, said an industry trade union. In addition to this, during a concall, Rajeev Ahuja, MD & CEO, RBL Bank said, "We would like to reiterate that these developments are not in any manner a reflection on the fundamentals of the Bank. As we have been communicating to all of you the business momentum and financial performance trajectory have been improving since the second quarter of this financial year as we recovered from the effects of the pandemic. Lastly, we remain on track to our guidance on earnings for the rest of the year with improved traction FY23 onwards." Talking about the financial position of RBL Bank, Mr Ahuja said, RBL Bank remains robust as its capital adequacy was 16.3% and will be in a similar range this quarter. Its Liquidity Coverage ratios have been well above regulatory requirements – it was 155% for the September quarter. On asset quality, our slippages peaked in Q2 and will be improving this quarter and next as we had guided previously. The NPA position of the Bank will also be on an improving trend. We want to point out here that we have been upfront and transparent on any challenges that we have faced in our various business segments in the past. To reiterate there is no change from what we have been communicating all along. On Growth, traction on advances is picking up while we continue to keep improving granularity on both advances and deposits. Reportedly, Ace investors Rakesh Jhunjhunwala and D-Mart’s founder RK Damani have approached the Reserve Bank of India (RBI) to buy a 10 per cent stake in RBL Bank. According to the report, RBI is looking at the request.

Go Fashion: Down 5.76%. The mandatory lock-in period of 30 days for anchor investors came to an end today.

Buzzing Stocks

Tech Mahindra: Up 2.26%.

Schaeffler India: Up 1.49%. 

Prestige Estate: Up 2.01%. 

La Opala RG Limited: Up 8.60%. 

Bajaj Holdings: Up 1.44%. 

Edelweiss: Up 1.38%.  

Healthcare & Pharma Stocks: On a move. Stocks like Laurus Labs - up 3.75%; Cipla - up 1.33%; Lupin - up 1.59%; Glenmark - up 1.98%; Sun Pharmaceuticals - up 0.81%; Torrent Pharma - up 3.40%; Gufic BioSciences - up 6.41%; Hester Biosciences - up 3.31% and Aurobindo Pharma - up 1.02% were trading with gains.
Agri Stocks: On a move. Stocks like Aries Agro - up 7.65%; Kaveri Seed - up 1.58% and Dhanuka Agritech - up 0.91% were trading with gains. 

Auto Ancillary Stocks: On a move. Stocks like Rane Braking Linings - up 11.42%; Kinetic Engineering - up 4.96%; LG Balakrishnan - up 3.55%; Minda Industries - up 3.10%; NRB Bearings - up 2.80%; Minda Corp - up 2.09%; Timken India - up 1.99% and Suprajit Engineering - up 2.07% were trading with gains. 

Cement Stocks: On a move. Stocks like Everest Industries - up 8.33%; Sagar Cement - up 2.48%; Orient Cement - up 1.19% and India Cement - up 1.14% were trading with gains. 

Chemical Stocks: On a move. Stocks like Meghmani Organics - up 6.67%; Orient Abrasives - up 1.25%; Fineotex Chemicals - up 2.30%; Navin Fluorine - up 1.28%; GHCL - up 1.04% and GFL Limited - 0.85% were trading with gains. 
Consumer Durable Stocks: On a move. Stocks like PG Electroplast - up 6.29%; Blue Star - up 3.18% and Dixon Technologies - up 1.45% were trading with gains. 

Falling Stocks

IDFC Ltd: Down 2.40%.

Banking Stocks: Declining. Stocks like RBL Bank - down 17.61%; Bank of Baroda - down 4.33%; Bandhan Bank - down 3.90%; IndusInd Bank - down 2.7&%; IDFC First Bank - down 1.07% and AU Small Finance Bank - down 0.71%; were trading in the negative zone. 

Realty Stocks: Declining. Stocks like Macrotech Developer - down 1.14%; Indiabulls RealEstate - down 1.64%; Brigade Enterprises - down 0.63% and Sobha - down 0.75% were trading in negative zone. 

Oil & Gas Stocks: Declining. Stocks like IGL - down 2.13%; GAIL - down 0.80%; Gujarat Gas - down 0.99%; Oil India - down 1.13%; MRPL - down 0.95% and GSPL - down 0.85% were trading in negative zone. 

Metal Stocks: Declining. Stocks like Vedanta - down 1.71%; Hindalco - down 1.39%; Jindal Steel - down 1.11%; Hindustan Copper - down 1.06% and National Aluminium - down 0.64% were trading in a negative zone. 

FMCG Stocks: Declining. Stocks like Radico Khaitan - down 2.42%; UBL -down 1.72% ; Godrej Consumer - down 1.01%; United Spirits - down 0.93% and Dabur - down 0.66% were trading in a negative zone. Leading oil producers have slashed the edible oil prices. They have slashed the retail selling price by 8-13%. 

Aluminium/Chemical related Stocks: Aluminium Stocks like Vedanta - down 1.71%; Hindalco - down 1.39%; PG Foils - down 1.57% were trading in negative territory. Chemical stocks like Chemplast Sanmar - down 4.69%; India Glycol - down 2.81%; Phillips Carbon - down 1.57%; Kanoria Chemicals - down 1.46% and NOCIL - down 1.06% were trading in negative territory. India has imposed anti-dumping duties on five Chinese products, including certain aluminium goods and some chemicals, for five years to guard local manufacturers from cheap imports from the neighbouring country. The duties have been imposed on: 
 
1. Certain flat-rolled products of aluminium  

2. Sodium hydrosulphite (used in dye industry)  

3. Silicone sealant (used in the manufacturing of solar photovoltaic modules and thermal power applications)  

4. Hydrofluorocarbon (HFC) component R-32 (used in refrigeration industry)  

5. Hydrofluorocarbon blends (used in refrigeration industry)

Recent IPO Stocks

Happiest Minds: Up 5%. 
FSN E-Commerce (Nykaa): Up 1.52%. 
CE Info System: Up 2.41%. 
Zomato: Up 0.91%
One 97 Communication (PayTm): Down 1.77%
Nazara Technologies: Down 2.10%. 
CarTrade: Down 2.17%. 

HP Adhesives Listing: Up 20.71%. The shares of HP Adhesives Limited made a decent debut on the exchanges on Monday, December 27, 2021. HP Adhesives shares were listed on the BSE at a handsome premium of Rs 319 per share against the Rs 274 issue price fixed by the company for this public offer. This was a gain of Rs 45 per share or 16.42%. On the NSE, shares debuted at Rs 315 apiece, a gain of Rs 41 or 14.96%. Shares of Adhesives Limited will debut on the bourses, NSE & BSE, today, i.e., December 27, 2021. The issue price for the shares is Rs 274 per share. Earlier, the initial public offering (IPO) of HP Adhesives Limited, an adhesive and sealants company, was subscribed 20.96 times on the last day of subscription on Friday, December 17, 2021. The Qualified Institutional Buyers (QIBs) portion was subscribed 1.82 times, while the Non-Institutional Investors (NIIs) and Retail Individual Investors (RIIs) portions were subscribed 19.04 times and 81.24 times, respectively. The company had fixed a price of Rs 262-274 per equity share to raise up to Rs 125.9 crore from the primary market. The issue comprised of a fresh issue of 41,40,000 equity shares worth Rs 113.44 crore and an offer for sale (OFS) of 4,57,200 equity shares worth Rs 12.5 crore.