Tata Motors, JSW Steel, SBI Life to CONCOR - here are top Buzzing Stocks today

Domestic stock markets were trading with gains of more than 0.30% in Friday’s noon deals. At 1:10 pm, the S&P BSE Sensex was trading with gains of 156.95 points or 0.32% at 49,106.71, while the Nifty 50 index was trading 63.45 points or 0.43% higher at 14,788.25. Meanwhile, certain stocks were in action in either direction based on reports linked to them. Here is a list of few such stocks:

Stocks in News 

Tata Motors: Up 0.86%. Tata Motors has announced that effective 8th May, it will increase prices of its passenger vehicles, averaging 1.8%, depending on the variant and model.

JSW Steel: Up 2.31%. JSW Steel today announced that it has signed an MoU to conduct a Feasibility Study with JFE Steel Corporation, a Strategic Alliance Partner, to establish a Grain Oriented Electrical Steel Sheet Manufacturing and Sales Joint-Venture Company in India.

Railtel Corporation: Buzzing and trading 3.53%. RailTel Corporation of India Ltd has received the work order from M/s. Cotton Corporation of India Limited, for hiring on-cloud Data Centre hosting for Hardware and Software along with the migration of Oracle EBS and other applications. The total cost for five years contract period would be Rs. 11.99 Crore exclusive of applicable GST.

CONCOR: Up 0.11%. Big port companies are interested in CONCOR and are planning to bid to acquire stakes in the company, sources informed Zee Business. According to the sources, a committee has been constituted under the leadership of Jawaharlal Nehru Port Trust (JNPT) and the chairmanship of the Minister of Shipping. 

Mahindra & Mahindra: Up 1.67% Mahindra Group has announced the setting up of Mahindra Advanced Design Europe (M.A.D.E) in the West Midlands, U.K. The new Centre of Excellence (CoE), will be a part of the Mahindra Global Design Network that includes the Mahindra Design Studio in Mumbai, India, and Pininfarina Design in Turin, Italy.

Dr Reddy's: Up 0.08%. Single dose version of the Sputnik V coronavirus vaccine, ‘Sputnik Light’ launched. The vaccine demonstrates 80% efficacy. 

Block Deals

SBI Life: Buzzing and trading 3.36% higher. Several block deals for 4.1 crore shares (4.1% equity shares) happened at Rs 960 crore. CA Emerald has sold. 

Tata Steel: Buzzing and trading 6.41% higher. Several block deals for 15 lakh shares happened in the range of Rs 1,135-1,149.85 per share. 

PNB: Down 0.55%. Several block deals for 37 lakh shares happened in the range of Rs 36.60-36.85 per share. 

Results Impact

Hero MotoCorp: Down 2.26%. The two-wheeler maker has reported a 39.3% YoY rise in profit after tax at Rs 865 crore for the quarter ended March 31, 2021. It had posted a profit of Rs 621 crore in the same quarter of the last financial year

Tata Consumer Products: Down 3.90%. The integrated Food & Beverage company has reported a consolidated profit of Rs 74.3 crore for the quarter ended March 31, 2021, as against a loss of Rs 122.5 crore posted in the same quarter of the previous financial year.

Adani Power: Up 0.98%. The private thermal power producer has reported a consolidated profit of Rs 13 crore for the quarter ended March 7, 2021, against a loss of Rs 1313 crore posted in the same period of the last financial year. 

Adani Transmission: Buzzing and trading 4.31% higher. India’s largest electricity transmission company has reported a 153.2% YoY rise in consolidated profit at Rs 238 crore for the quarter ended March 31, 2021. It had posted a profit of Rs 94 crore in the same quarter of the previous financial year. 

Praj Industries: Buzzing and trading 7.07% higher. The process and project engineering company have reported a 108% YoY rise in the consolidated profit at Rs 52 crore for the quarter ended March 31, 2021. It had reported a profit of Rs 25 crore in the same quarter of the previous financial year. 

Blue Star: Up 2.20%. The manufacturer of air conditioning and commercial refrigeration products has reported a 665.6% YoY rise in the consolidated profit at Rs 68 crore for the quarter ended March 31, 2021. It had reported a profit of Rs 9 crore in the same quarter of the previous financial year.

Century Textiles: Down 1.69%. The Textile industry company has reported a consolidated loss of Rs 8.5 crore for the quarter ended March 31, 2021, against a profit of Rs 82 crore reported in the same quarter of the last financial year.