Varroc Engineering, Metal Stocks to RateGain Travel IPO - here are top Buzzing Stocks today

The equity benchmarks marched higher and hit a fresh intraday high in the noon deals of Tuesday, December 7, 2021, and was trading with a gain of around one and a half per cent. At 12:52 pm, the S&P BSE Sensex was trading with a gain of 839.14 points or 1.48 per cent at 57,686.28. The Nifty 50 index was trading 247.35 points or 1.46 per cent higher at 17,159.60. 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

Varroc Engineering: Up 6.03%.
VRL Logistics: Up 5.11%.
Tanla Platform: Up 5%.
CRISIL: Up 4.93%.
La Opala: Up 4.33%.
Delta Corp: Up 3.97%
Rain Industries: Up 3.03%.
EIH Ltd.: Up 4.32%
Shriram City Union: Up 4.92%.
Bandhan Bank: Up 2.82%
Aditya Birla Capital: Up 2.39%.
Aditya Birla Fashion: Up 1.17%
Prataap Snacks: Up 1.87%.
BSE Ltd.: Up 1.64%.
Century Plyboards: Up 2.01%:
Phoenix Mills: Up 3.98%.
Lakshmi Machine: Up 4.71%.
Bajaj Finance: Up 2.55%.

Metal Stocks: On a move. Stocks like: On a move. Stocks like NALCO - up 5.65%; Tata Steel - up 2.94%; Hindustan Copper - up 6.56%; Hindalco - up 4.38%; JSW Steel - up 2.29% and Vedanta - up 2.31% were trading with gains.

MidCap IT Stocks: On a move. Stocks like KPIT Technologies - up 2.14%; Intellect Design - up 2.63%; Cyient - up 2.05%; Birlasoft Technologies - up 1.34% and SUBEX - up 1.06% were trading with gains.

Fertilizer Stocks: On a move. Stocks like SPIC - up 4.20%; Zuari Agro - up 6.61%; Deepak Fertilizers - up 2.93%; Madras Fertilizers - up 2.88%; RCF - up 1.94%; Mangalore Chemicals - up 2.02% and GNFC - up 1.78%were trading with gains.

Hosiery Stocks: On a move. Stocks like Lovable Lingerie - up 14.71; Rupa & Company - up 3.60%; Dollar Industries - up 2.25%; VIP Clothing - up 2.84% and Page Industries - up 1.51% were trading with gains.

Footwear Stocks: On a move. Stocks like Khadim India - up 3.36%; Liberty Shoes - up 2.23%; Bata India - up 1.49% and Mirza International - up 1.08% were trading with gains.

Power Stocks: On a move. Stocks like KEC International - up 3.17%; Reliance Power - up 3.64%; Torrent Power - up 1.92%; PFC - up 1.87%; Power Grid - up 1.93%; Tata Power - up 1.58% and REC - up 1.47% were trading with gains.

Broking Houses: On a move. Stocks like ICICI Securities - up 3.38%; JM Financial - up 2.63%; IIFL Financial - up 2.26% and Edelweiss Financial Services - up 1.75% - were trading with gains

Private Bank Stocks: On a move. Stocks like Yes Bank - up 5.56%; Kotak Bank - up 3.51%; ICICI Bank - up 3.46%; IndusInd Bank - up 1.36%; Bandhan Bank - up 2.47% and City Union Bank - up 1.79% were trading with gains.

Tata Group Stocks: On a move. Stocks like Tata Communications - up 3.18%; Indian Hotels - up 3.56%; Tata Steel - up 2.94%; Tata Steel Long Products -up 2.57%; Tata Motors DVR - up 2.26%; Tata Motors - up 1.85% and Tata Power - up 1.58% were trading with gains

Bajaj Group Stocks: On a move. Stocks like Bajaj Finance - up 2.43%; Bajaj Auto - up 1.73% and Bajaj Finserv - up 1.38% were trading with gains.

Hotel Stocks: On a move. Stocks like: On a move. Stocks like Indian Hotels - up 3.56%; Oriental Hotel - up 3.15%; EIH - up 4.24%; EIH Associated - up 3.73%; TAJ GVK - up 2.04% and Kamath Hotels - up 1.90% were trading with gains.

Liquor Stocks: On a move. Stocks like Globus Spirits - up 1.90%; Tilaknagar Industries - up 4.98%; Radico Khaitan - up 2.30% and United Spirits - up 1.78% were trading with gains.

Multiplex Stocks: On a move. Stocks like PVR - up 3.81% and Inox Leisure - up 3.27% were trading with gains.

Housing Finance Stocks: On a move. Stocks like Home First Finance - up 3.84%; Indiabulls Housing Finance - up 2.48%; PNB Housing - up 5%; HDFC - up 1.55% and CanFin Homes - up 2.15%; were trading with gains.

Stocks with Price Band Revision  

Increased From 5% to 10%

Mawana Sugar: Up 3.19%
Acrysil: Up 2.92%
Premier Explosive: Up 1.75%
Mold Tek Technologies: Up 4.77%
Barbeque Nation: Up 2.01%
Birla Cable: Up 1.49%
Zuari Global: Up 6.90%
Rana Sugar: Up 1.50%

Increased From 5% to 20% 

Tata Steel Long Products Ltd.: Up 2.57%.
Globus Spirits: Up 1.90%
Jubilant Industries: Up 2.58%.
Gokaldas Exports ltd: Up 1.59%.
Bannari Amman Spinning Mills: Up 1.45%.
JSW Ispat Special products: Up 2.97%.
Zuari Agro Chemical: Up 6.61%.
NRB Bearing: Up 1.05%

Increased From 10% to 20%

Magadh Sugar: Up 7.63%.
MSTC: Up 6.46%.
RVNL: Up 1.33%.
Affle India: Up 1.25%.
IIFL Securities: Up 3.76%.
Ambalal Sarabhai: Up 4.96%.

Falling Stocks

KEI Industries: Down 4.80%.
Vodafone Idea: Down 2.67%.
Happiest Minds Technologies: Down 1.40%.

IPO Update: 

RateGain Travel Technologies IPO: The initial public offering (IPO) of the Noida-based RateGain Travel Technologies Limited, distribution technology and Software-as-a-Service (SaaS) company, which opened for bidding today was subscribed 0.14 times by 12:45 pm at the BSE. The Retail Individual Investors (RIIs) portion was subscribed 0.79 times while the portion reserved for employees was subscribed 0.02 times. The three-day issue will conclude on Thursday, December 9, 2021. The company has fixed a price band of Rs 405-425 per equity share. At the upper end of the price band, the initial share sale is expected to fetch Rs 1,336 crore. The IPO comprises a fresh issue of equity shares aggregating up to Rs 375 crore and an offer-for-sale (OFS) of up to 2.26 crore equity shares worth Rs 961 crore by promoters and existing shareholders. The retail investors can place a bid for a lot of 35 Equity Shares and in multiples thereof. Retail investors can invest a minimum of Rs 14,875 for one lot, and their maximum investment would be Rs 1,93,375 for 13 lots.

Recent IPOs

Devyani International: Up 4.16%
PB Fintech: Up 3.51%.
Chemplast Sanmar: Up 2.98%.
Sigachi Industries: Up 2.49%.
India Pesticides: Up 1.96%.
Clean Science: Up 1.98%.

Stocks in News

Interglobe Aviation: Up 5.08%. InterGlobe Aviation Limited, the parent of the country’s largest airline IndiGo, will convene a shareholders’ meeting on December 30, 2021, to amend the company’s Articles of Association (AoA) and remove restrictions on the transfer of promoter shares following a joint request from its promoters. IGE Group (Rahul Bhatia) and RG Group (Rahul Gangwal) were collectively the ‘Requisitionists’. The promoters — Rahul Bhatia and Rakesh Gangwal — together with their related entities and individuals own a 77.4 per cent stake in InterGlobe Aviation.
Tata Motors: Up 1.85%. India’s largest commercial vehicle manufacturer has announced an impending price hike in its commercial vehicle range. An increase in price in the range of 2.5%, will be implemented from January 1, 2022, and will be put into effect across segments – M&HCV, I&LCV, SCV and Bus, basis individual model and variant of the vehicle. The increase in the prices of commodities such as steel, aluminium and other precious metals, in addition to higher costs of other raw materials, has incited this price hike in commercial vehicles. While the company is absorbing a significant portion of the increased costs at various levels of manufacturing, the steep rise in overall input costs makes it imperative to pass on some residual proportion via a minimal price hike.

Indo Count Industries (down 2.72%)/GHCL (down 1.82%): The Board of Directors of Indo Count on Monday approved the acquisition of Home Textile business (excluding spinning business) of GHCL Limited, which includes manufacturing facilities at Vapi, Gujarat on a going concern basis, by way of slump sale in accordance with the terms of Business Transfer Agreement and acquisition of specified assets (inventory and intellectual property) of the US subsidiary of GHCL Limited in accordance with the terms of Asset Transfer Agreement. The cost of acquisition is Rs. 576 crores. The acquisition will add Rs 1,300-1.5000 crore per annum to the topline of Indo Count. With the addition of almost 50% new capacity, Indo Count will become the largest Home Textile Bedding company, globally, with an annual capacity of approximately 153 million meters. Besides, the Board of Directors of GHCL has approved the modification of the ongoing Scheme of Demerger of the entire textile business. Spinning business accounts for 21.6% of the total income (as of March 31, 2021). There will be no change in the shareholding pattern of the Demerged Company.

Diagnostic Stocks: Dr Path Labs - down 1.93%; Metropolis Laboratories - down 4.43% and Max Healthcare - down 2.25%. The Maharashtra government has revised rates for Covid-19 RT-PCR tests conducted at private laboratories. For tests conducted at laboratories will be charged Rs 350 per test instead of Rs 500 while for home collection the rates have been reduced from Rs 800 to Rs 700 per test.  

Block Deals 

Rain Industries:  Up 2.68% Pabrai Investment Funds bought 68.98 lakhs equity shares of the company via open market transactions on December 2, 2021, increasing shareholding to 8% from 5.95% earlier.

LG Balakrishnan & Brothers: Up 1%.  Promoter Rajvirdhan V sold 1.65 lakh equity shares in the company at Rs 492.97 per share on the NSE, the bulk deals data showed.