TVS Motor, Sugar Stocks to Precision Wires - here are top Buzzing Stocks today

Indian benchmarks were trading with modest losses in the noon deals of Wednesday, December 15, 2021. At 12:53 pm, the S&P BSE Sensex was trading at a loss of 355.04 points or 0.61 per cent at 57,762.05. The Nifty 50 index was 112.85 points or 0.65 per cent down to trade at 17,212.05. Meanwhile, certain stocks were in action in either direction based on reports linked to them. Here is a list of some of such stocks:

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Buzzing Stocks

CDSL: Up 2.36%.
Tanla Platform: Up 3.74%.
KPR Mills: Up 2.14%
Vardhaman Textile: Up 6.36%.
TVS Motor: Up 6.88%.
KIOCL: Up 19.99%.
Mahindra & Mahindra: Up 1.17%.
CG Power: Up 1.65%.
Tejas networks: Up 5%.
UTI AMC: Up 3.60%.
Intellect Design: Up 2.38%.
Emami: Up 3.86%.
Fortis Health: Up 2.49%.
Aster DM: Up 1.86%.
NITCO: Up 19.96%
Tamilnadu Petroproducts: Up 4.97%.
Andra Petrochemicals: Up 4.12%.
Kernex Microsystems: Up 3.51%
KEC International: Up 1.54%.

Banking Stocks: On a move. Stocks like IDBI Bank - up 1.37%; Kotak Bank - up 1.59%; J&K Bank - up 1.19% and Axis Bank - up 1.11% were trading with gains.

Sugar Stocks: On a move. Stocks like KCP Sugar - up 13.97%; Andhra Sugars - up 5.12%; Shree Renuka Sugars - up 4.97%; Kothari Sugars - up 4.70%; Bajaj Hindusthan - up 3.10%; EID Parry - up 1.26% and Mawana Sugar - up 1.19% among others were trading with gains.

Agri Stocks: On a move. Stocks like Aries Agro - up 4.22%; Shakti Pumps - up 3.15%; Jain Irrigation - up 3.49% and UPL - up 0.91% were trading with gains.

Cement Stocks: On a move. Stocks like Sanghi Industries - up 3.07%; Everest Industries - up 2.28%; KCP Ltd - up 2.05%; NCL Industries - up 2.59%; India Cement - up 1% and Dalmia Cement - up 1.21% were trading with gains.

Declining Stocks              

IEX: Down 4.66%
Divi's Laboratories: Down 1.91%.
Britannia: Down 1.09%.
Adani Ports: Down 2.04%.
Minda Industries: Down 3.42%.
Endurance Technologies: Down 1.79%.
Thermax: Down 2.16%.
JK Lakshmi Cement: Down 4.25%.
Sterlite Technology: Down 2.15%.
Camlin Fine Services: Down 1.67%.
Consumer Durable Stocks: Falling. Stocks like Blue Star - down 2.89%; TTK Prestige - down 2.96% and Voltas - down 1.49% were trading in negative territory.
Capital Good Stocks: Falling. Stocks like Thermax - down 2.17%; ABB India - down 1.21% and Siemens - down 1.05% were trading in negative territory.
IT Stocks: Falling. Stocks like Just Dial - down 2.60%; Oracle Financial - down 1.78%; Infosys - down 1.27%; TCS - down 1.56%; HCL Technologies - down 1.47% and Wipro - down 1.18% were trading in negative territory.
Pharma Stocks: Falling. Stocks like Vivimed Labs - down 2.44%; Pfizer - down 3.13%; Panacea Biotech - down 3.06%; Unichem Labs - down 2.51%; Glenmark Pharma - down 2.31%; Solara Active - down 2.81% and Aarti Drugs - down 2.04% among others were trading in negative territory.

IPO Update: HP Adhesives IPO + Data Patterns IPO + MedPlus Health IPO + Metro Brands IPO 

HP Adhesives IPO: The initial public offering (IPO) of HP Adhesives Limited, an adhesive and sealants company, which opened for subscription today, was subscribed 2.08 times by 12:47 pm. The Non-Institutional Investors (NIIs) and Retail Individual Investors (RIIs) portions were subscribed 0.02 times and 11.43 times, respectively. The three-day issue will close on Friday, December 17, 2021. The company has fixed a price of Rs 262-274 per equity share. The company has plans to raise up to Rs 125.9 crore from the primary market. The maiden issue comprises 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. A retail investor can place a bid for a minimum of 50 equity shares and in multiples thereof.

Data Patterns IPO: The initial public offering (IPO) of Data Patterns (India) Limited, a vertically integrated defence and aerospace electronics solutions provider, was subscribed 5.35 times by 12:47 pm today, the second day for bidding. Non-Institutional Investors (NIIs) and Retail Individual Investors (RIIs) portions were subscribed 2.72 times and 9.40 times, respectively. The three-day issue will close on Thursday, December 16, 2021. The company has fixed a price range of Rs 555-585 per equity share for an issue worth Rs 588 crore. The maiden issue comprises a fresh issue component up to Rs 240 crore and an offer for sale (OFS) worth Rs 348 crore. A retail investor can bid for a minimum of 25 equity shares and in multiples thereafter. At the upper end of the price band, one lot is worth Rs 14,625.

MedPlus Health IPO: The initial public offering (IPO) of MedPlus Health Services Limited, a pharmacy retailer, was subscribed 2.57 times by 12:44 pm today, the third and last day for bidding. The Qualified Institutional Buyers (QIBs) was subscribed 1.41 times while the Non-Institutional Investors (NII) and Retail Individual Investors (RIIs) portions were subscribed 1.74 times and 3.59 times, respectively. The portion reserved for employees was subscribed 1.92 times. The three-day initial share sale will close today. The company has fixed a price range of Rs 780-796 per equity share as it has plans to raise up to Rs 1,398 crore from the primary market. The pubic issue of the pharmacy retailer consists of the issuance of fresh equity shares worth Rs 600 crore while and an offer for sale (OFS) of equity shares aggregating up to Rs 798 crore by the promoter and existing shareholders. A retail investor can bid for a minimum of 18 equity shares and in multiples thereafter.

Stocks in News                   

Precision Wires: Up 8.70%. The company has informed that it has fixed December 23, 2021, as the record date for the purpose of sub-division of equity shares of Rs 5 each into 5 equity shares of Rs 1 each fully paid.

Nykaa: Up 4.31%. The country's leading lifestyle destination will make available L'Oreal's advanced, AI-powered virtual try-on technology ModiFace for its customers. This technology helps to create an enhanced beauty experience for makeup enthusiasts. The ModiFace Technology will enable virtual try-on on Nykaa's website and mobile app helping shoppers purchase their desired beauty products across categories, starting with the L'Oreal range of products. 

SH Kelkar: Up 1.42% Buyback of up to 29 lakhs fully paid-up shares of the company each at Rs 210 per equity share for a maximum consideration of Rs 60.0 crore through the tender route will open today.

Glenmark: Down 2.37%. Glenmark's subsidiary and Almirall S.A. have announced that they have entered into an exclusive licensing agreement for the IL-1RAP antagonist ISB 880. Under the agreement, Almirall is granted global rights to develop and commercialize this monoclonal antibody for autoimmune diseases. Ichnos will retain rights for antibodies acting on the IL-1RAP pathway for oncology indications.

NBFCs: Stocks like Indostar Capital - down 3.78%; Equitas Holdings - down 2.89%; M&M Finance - down 2.65%; Chola Investment - down 2.75%; Bajaj Finance - down 2.45%; Bajaj Finserv - down 1.98% were trading in negative zone. The Reserve Bank of India (RBI) on Tuesday released a prompt corrective action (PCA) framework for non-banking finance companies (NBFCs). The PCA framework for NBFCs would come into effect from October 1, 2022, based on the financial position of NBFCs on or after March 31, 2022. The new NBFC framework will apply to all deposit-taking NBFCs. Capital adequacy ratio and asset quality will be the key monitorables for deposit and non-deposit-taking NBFCs.

Mold Tek Packaging: Down 3.05%. The company launched the QIP issue on December 14, 2021, and approved the floor price of Rs 722.40 per equity share (9% Discount at CMP Rs 793.55) for the QIP. The Company may, at its discretion, offer a discount of not more than 5% on the floor price so calculated for the QIP.

ITC: Down 1.71%. Sanjiv Puri, Chairman, ITC Ltd, on Tuesday said the company is open to the idea of demerger of the fast-moving consumer goods (FMCG) business and listing of the information technology (IT) businesses. The demerger plans for the hotel business will be done as soon as the industry recovers. He added, the company has lined up investments of Rs 10,000 crore over the next three years. The company is also actively pursuing acquisitions opportunities in FMCG and the IT business. Besides, the company has said that its nasal spray for Covid-19 prevention, Savlon Nasal Spray, is in the final stage of trials.

Paytm: Down 6.28%. The lock-in period for anchor investors has ended.

Ganesh Benzoplast: Up 3.14%. Promoter sold 2.45 shares on December 14, 2021.

LG Balakrishnan: Up 3.08%. Promoter V Rajvirdhan sold 1 lakh shares on December 9, 2021.