Varroc Engineering, Tata Power to Tarsons Products IPO - here are top Buzzing Stocks today

The equity benchmarks were trading in the red with a marginal fall in early noon deals of Wednesday, November 17, 2021. At 12:14 pm, the S&P BSE Sensex was trading 105.76 points or 0.18 per cent lower at 60,216.61. The Nifty 50 index was trading 44.40 points or 0.25 per cent down at 17,854.80. 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 5.60%.
Endurance Technologies: Up 4.82%.
Va Tech Wabag: Up 3.68%.
Crisil: Up 3.91%.
McLeod Russel: Up 3.61%.
Barbeque Nation: Up 5%.
Zomato: Up 1.40%
PB Fintech: Up 2.25%. 
Delta Corp: Up 1.31%.
Aarti Industries: Up 3.09%.
Rain Industries: Up 2.91%.
Metropolis Healthcare: Up 4%.
Thyrocare Technologies: Up 4.53%.
Welspun Corp: Up 5.45%.
Power Grid: Up 2.80%
Asian Paints: Up 2.42%.
NTPC: Up 1.60%.
Bajaj Finance: Up 1.58%.
ITC: Up 1.06%.

Mid-Cap IT Stocks: On a move. Stocks like KPIT Technologies - up 11.37%; Birlasoft Ltd. - up 4.15% and L&T Technology Services - up 6.02% were trading with gains.
Jamna Auto: Up 3.31%. Meanwhile, the stock hit an all-time high of Rs 113.20 in the intraday trade earlier today.

Sugar Stocks: On a move. Sugar stocks like Triveni Engineering – up 5.28%; Balrampur Chini – up 1.60%; Dwarikesh Sugar – up 1.03%; Rana Sugars – 1.20 % and Avadh Sugar – up 0.96% were trading with gains.

Hosiery Stocks: On a move. Stocks like Lux Industries - up 8.25%; Lovable Lingerie - up 3.16% and Dollar Industries - up 5.05% were trading with gains.
Hospital Stocks: On a move. Stocks like Apollo Hospitals - up 12.43%; Shalby - up 4.38%; Fortis Healthcare - up 3.07%; and Aster DM Healthcare - up 2%; were trading with gains. Apollo Hospitals stock hit a fresh record high of Rs 5,844.40 in the intraday trade today.

Fisheries Stocks: On a move. Stocks like Avanti Feeds - up 3.76%; Coastal Corporation - up 3.23%; Apex Frozen - up 2.70% and Waterbase - up 2.38% were trading with gains.
Auto Stocks: On a move. Stocks like Tube Investment of India - up 3.63%; Tata Motors - up 2.49%; MRF - up 1.03% and Maruti - up 0.62% were trading with gains.
 

IPO Updates: Tarsons Products IPO and Go Fashion IPO

Tarsons Products Ltd IPO: The initial public offering (IPO) of the labware and life science products company Tarsons Products Limited was subscribed 5.28 times by 12:05 pm at the BSE on Wednesday, the last day of bidding. The Qualified Institutional Buyers (QIBs) portion was subscribed 1.47 times while Non-Institutional Investors (NIIs) and Retail Individual Investors (RIIs) portions were subscribed 6.95 times and 6.78 times, respectively. The employee portion was subscribed 1.21 times. The issue will close today. The company has fixed the price band for the offer at Rs 635-662 per equity share for its Rs 1,024-crore initial share sale. The initial public offering comprises of fresh issue of upto Rs 150 crore and an offer for sale of up to 1.32 crore equity shares worth Rs 874 crore by the promoters and an investor.

Go Fashion (India) Limited IPO: The Initial Public Offering (IPO) of Go Fashion (India) Limited, a company that runs one of India's largest women's bottom-wear brands, which opened for subscription today, was subscribed 1.04 times by 12:08 pm at BSE. The Non-Institutional Investors (NIIs) and Retail Individual Investors (RIIs) portions were subscribed 0.13 times and 5.55 times, respectively. The issue will close on Monday, November 22, 2021, as the market will remain closed on Friday for Gurunanak Jayanti. The price band for the initial public offering (IPO) is fixed at Rs 655-690 per share. Retail investors can bid for a lot of 21 equity shares and in multiples thereof. The IPO is expected to fetch Rs 1,014 crore at the upper price band. The public issue comprises a fresh issue of shares worth up to Rs 125 crore, and an offer for sale (OFS) of more than 1.28 crore equity shares worth Rs 889 crore by promoters and investors. Besides, the company has raised Rs 455 crore from anchor investors, ahead of its IPO opening. The marquee investors who participated in the anchor book were the Government of Singapore (12.9%), Monetary Authority of India (2.5%), The Nomura (7.7%), Fidelity (13.2%), Abu Dhabi Investment (6.6%), SBI Fund (6.6%) and HDFC Fund (6.6%) among others. 
 

Stocks in News

Tata Power (up 2.41%)/NTPC (up 2.41%): Ministry of Power has amended the norms of the Power Purchase Agreements (PPAs) and allowed the power producers to bundle renewable energy under existing power purchase agreements. The move is aimed at gradually reducing thermal power generation. The Ministry in a statement said, as the cost of renewable energy is less than that of thermal energy, the gains from the bundling of renewable energy with thermal will be shared between the generator and distribution companies/other procurers on a 50:50 basis.

IEX: Indian Energy Exchange (IEX) on Tuesday fixed December 6, 2021, as a record date to find out the eligibility of shareholders entitled for issuance of bonus equity shares. The company's board has recommended a bonus issue of equity shares in the proportion of 2:1, subject to the approval of shareholders through postal ballot. 

Biocon: Biocon Biologics and its US-based partner Viatris Inc on Tuesday announced the introduction of two interchangeable biosimilar insulin injections in the American market. Biocon Biologics and Viatris Inc have launched Semglee (insulin glargine-yfgn) injection, a branded product, and Insulin Glargine (insulin glargine-yfgn) injection, an unbranded product, to help control high blood sugar in adult and pediatric patients with type 1 diabetes and adults with type 2 diabetes.  

Westlife Development: There are new additions to the iconic McDonald's Happy Meal. It has changed the Happy Meal into Wholesome Meal. The new Happy Meal will include Choice of McAloo TikkiTM burger/McEgg Happy Meal burger; A pack of B Natural Mixed Fruit by ITC Ltd.; A cup of hot juicy corn (Source of dietary fibre); and The iconic Happy MealTM toy. McDonald’s has partnered with leading FMCG company ITC Ltd. to add a differentiated fruit beverage, B Natural to the Happy MealTM. 
 

Bulk Deals 

Punjab Alkalies & Chemicals: Down 2.69%. Plutus Wealth Management LLP acquired 2.5 lakh equity shares at Rs 194.24/share. Plutus Wealth already holds 40 lakh shares constituting 8.25% of share capital. 

Tanla Platforms: Up 5%. Pioneer Investment Fund bought 13.5 lakh equity shares at Rs 1,200 per share (Azim Premji). Banyan Investments sold 20.58 lakh equity shares at Rs 1,200.04/share.  

Kirloskar Pneumatic: Up 2.39%. HDFC Mutual Fund sold 5 lakh equity shares at Rs 410.1/share. 

Metropolis Healthcare: Up 4.19%. Promoter Duru Sushil Shah sold 4.25 lakh equity shares at Rs 3,142.72/share.