VIP Industries, Sun Pharmaceutical to ZEEL - here are the top Buzzing Stocks today

The benchmark indices witnessed major volatility during the early noon deals of Thursday, March 24, 2022, and was trading in the negative territory with decent losses. 

At 1:05 pm, the S&P BSE Sensex was trading 210.24 points or 0.36% down at 57,474.58 while the Nifty 50 index was 56.90 points or 0.33% down at 17,188.75. 

Meanwhile, certain stocks were in action in either direction based on reports linked to them. Here is a list of some of such stocks:

Buzzing Stocks

VIP Industries: Up 4.41%.

KRBL Ltd.: Up 4.81%.

Shopper's Stop: Up 4.29%.

Rain Industries: Up 3.28%.

Persistent Systems: Up 2.40%.

Suven Pharma: Up 1.63%.

Ultratech Cement: Up 1.59%.

Star Cement: Up 2.82%.

Dhanuka Agritech: Up 1.53%.

GAIL: Up 2.09%.

Oil India: Up 1.87%.

IDBI Bank: Up 1.79%.

Walchandnagar Industries: Up 2.54%.

Vijaya Diagnostics: Up 3.70%.

DFM Foods: Up 3.32%.

V-Guard: Up 2.31%.

FACT: Up 1.49%.

NFL: Up 1.92%.

Astec Life: Up 3.03%.

Shalby Ltd.: Up 3.94%.

Narayana Hrudayalaya: Up 1.69%.

Mahindra Holidays: Up 1.06%.

Cigniti Technologies: Up 2.32%.

Birlasoft Technologies: Up 2.45%.

Ramky Infrastructure: Up 2.33%.

Khadim India: Up 1.55%.

GM Breweries: Up 1.32%.

Mahindra Logistics: Up 3.36%.

Snowman Logistics: Up 2.27%.

Century Textiles: Up 3.45%.

Paytm: Up 10.09%.

Hindalco: Up 2.64%. Meanwhile, the stock hit a record high of Rs 626.20 per share earlier in the intraday trade today.

Drilling & Offshore Stocks: On a move. Stocks like HOEC - up 1.39%; Jindal Drilling - up 1.46% and Selan Exploration - up 1.82% were trading with decent gains.

Aluminium Stocks: On a move. Stocks like Hindalco - up 2.64%; NALCO - up 2.75%; Maan Aluminium - up 3.49% were trading with decent gains.

Metal Stocks: On a move. Stocks like Welspun Corp - up 4.47%; NMDC - up 2.71%; Hindalco - up 2.64%; Jindal Steel - up 2.58%; Coal India - up 2.10%; NALCO - up 2.75% and Tata Steel - up 1.28% were trading with decent gains.

Auto Ancillary Stocks: On a move. Stocks like Minda Corp - up 6.96%; Mahindra CIE - up 4.76%; JTEKT India - up 3.54%; Endurance Technologies - up 1.90% and Kinetic Engineering - up 2.06% trading with decent gains.

Chemical Stocks: On a move. Stocks like JOCIL - up 10.18%; Shree Pushkar - up 6.45%; India Glycols - up 4.17%; NOCIL - up 1.61%; Jubilant Industries - up 2.08%; Camlin Fine Sciences - up 3.12% and Tatva Chintan - up 1.53% were trading with decent gains.

Realty Stocks: On a move. Stocks like Indiabulls Real Estate - up 2.11%; Prestige Estate - up 1.82%; Brigade Enterprises - up 1.18% and Oberoi Realty - up 1.09% were trading with decent gains.

Pharma Stocks: On a move. Stocks like Dr Reddy's - up 3.58%; Lupin - up 3.48%; Aurobindo Pharma - up 2.82%; Gelnmark - up 1.97% and Granules - up 1.90% were trading with decent gains.

Losing Stocks

L&T Finance: Down 6.36%.

Century Ply: Down 2.95%.

Sunteck Realty: Down 2.56%.

Max Financial: Down 2.73%.

RITES: Down 2.28%.

Va Tech Wabag: Down 2.18%.

Avanti Feeds: Down 1.09%.

Route Mobile: Down 1.70%.

Cyient: Down 2.05%.

Saint Gobain: Down 1.95%.

Aavas Financiers: Down 2.58%.

Royal Orchid: Down 3.67%.

La Opala: Down 1.72%

Emami: Down 2.65%.

Birla Corp: Down 1.98%.

Wabco India: Down 1.70%.

HPCL: Down 2.88%

Eicher Motors: Down 1.37%.

Inox Leisure: Down 1.12%.

Zensar Technologies: Down 1.17%.

R Systems: Down 1.28%.

Procter & Gamble Hygiene: Down 1.36%

Banking Stocks: Under pressure. Stocks like Kotak Bank - down 3.09%; HDFC Bank - down 2.46%; Bandhan Bank - down 2.10%; ICICI Bank - down 2.09% and IDFC First Bank - down 1.10% were trading in negative territory.

Consumer Durables Stocks: Under pressure. Stocks like Voltas - down 2.62%; Amber Enterprises - down 2.04%; Titan - down 1.99% and Dixon Technologies - down 1.39% were trading in negative territory.

Stocks in News

Zee Entertainment: Up 17.63%. Invesco had decided to not pursue an extraordinary general meeting (EGM) to add six independent directors as Zee’s merger with Sony will achieve the fund’s aim of strengthening board oversight.

Oberoi Realty: Up 1.09%. The company has increased its stakes in its joint venture Homexchange Limited by investing Rs 9 crore via Rights Issue. Accordingly, ORL's shareholding in HX post right issue stands at 47.5%.

Ruchi Soya: Down 1.79%. Patanjali-backed FMCG company Ruchi Soya Industries will launch its follow-on public offering (FPO) today, i.e. Thursday, March 24, 2022, to garner about Rs 4,300 crore. The company has fixed a price band of Rs 615-650 for the public offer. The issue will close on March 28. The retail quota of the FPO stands at 35%. Besides, FMCG company has mobilised Rs 1,290 crore from anchor investors at an issue price of Rs 650 per share (27.6% discount from CMP of Rs 897.45 per share) on March 23, ahead of its follow-on public offering (FPO). Anchor investors who participated in the offer include names like AG Dynamic Fund (6.2%), Authum Investment (6.4%), India Emerging Opportunities Fund (9.7%), Quant Mutual Fund (13.7%) and SBI Life (9.7%).

Kotak Bank: Down 3.09%. Canada Pension Plan Investment Board (CPPIB) will sell 4 crore shares, representing a 2% stake in Kotak Mahindra Bank through block deals. According to the term sheet for the deal, CPPIB is selling the shares at a price band of Rs 1,681.26-1,769.75 per share. The deal size is Rs 5,000 crore. The base size of the block deal is for 2.8 crore Kotak Bank shares and the seller also has the option to offload an additional 1.2 crore shares. The lower end of the band is at a 5% discount to Kotak Bank’s Wednesday close on the BSE at Rs 1,768.

Hero MotoCorp: Up 0.72%. The stock has recovered from day lows. The largest two-wheelers manufacturer in the world has provided its clarification on IT Department raids at Hero MotoCorp Chairman Pawan Munjal's residence, office and has said that it was a routine inquiry, which is not uncommon before the end of the financial year. The IT department visited two of the offices in Delhi and Gurugram and the residence of Chairman's residence on Wednesday.

Sun Pharmaceutical: Up 1.12%. Sun Pharmaceutical. The company on Wednesday said it along with its US-based arm Ranbaxy, Inc, has signed a USD 48.5 crore (around Rs 3,700 crore) settlement with two plaintiff groups regarding Ranbaxy generic drug application antitrust litigation.

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(Disclaimer: The views/suggestions/advices expressed here in this article is solely by investment experts. Zee Business suggests its readers to consult with their investment advisers before making any financial decision.)