Zomato, Biocon to Mahindra Lifespace - here are top Buzzing Stocks today

Benchmark indices were trading on a firm note after a volatile trade in morning deals on Friday’s noon deals. At 12:57 pm, the S&P BSE Sensex was trading 159.17 points or 0.30% higher at 52,996.38. The Nifty 50 index was trading 36.70 points or 0.23% higher at 15,860.75. Meanwhile, certain stocks were in action in either direction based on reports linked to them. Here is a list of few such stocks: 

Zomato: The shares of the Indian multinational restaurant aggregator and food Delivery Company debuted on the bourses today at Rs 116 against the IPO issue price of Rs 76 per share and was trading at 126.75 at 12:57 pm.

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Earnings Impact

Biocon: Down 1.48%. The biopharmaceutical company has reported a 3.6% YoY decline in the consolidated profit at Rs 108 crore for the quarter ended June 30, 2021. It had posted a profit of Rs 168 crore posted in the corresponding quarter of the previous financial year. Sequentially, the profit fell 63% from Rs 296 crore in the previous quarter ended March 31, 2021.

Mphasis: Up 4.60%. IT Service Management Company has reported a 7.2% QoQ rise in the consolidated profit at Rs 340 crore for the quarter ended June 30, 2021 (Q1FY22). It had posted a profit of Rs 317 crore in the previous quarter ended March 31, 2021 (Q4FY21).

ICICI Lombard: Down 2.59%. The general insurance company has reported a 61% YoY decline in the profit at Rs 152 crore for the quarter ended June 30, 2021, due to underwriting loss due to a rise in COVID-19 claims. It has posted a profit of Rs 398 crore in the corresponding quarter of the previous financial year. The insurer posted an underwriting loss of Rs 508.16 crore in the wake of rising health claims due to COVID-19. 

Tanla Platform: Down 0.60%. The cloud communications company has reported a 3% QoQ rise in the consolidated profit at Rs 105 crore for the quarter ended June 30, 2021. It had posted a profit of Rs 102 crore in the previous quarter ended March 31, 2021. Besides, the board has approved the proposal for the buyback of the Company’s fully-paid equity shares for an aggregate amount of Rs 65 crore at a price not exceeding Rs 1260 per equity share.

Indian Energy Exchange: Down 1.17%. India's power trading platform has reported a 50% YoY rise in the consolidated profit at Rs 63 crore for the quarter ended June 30, 2021. It had posted a profit of Rs 42 crore in the corresponding quarter last year. The board has recommended a dividend of Rs 1.5/equity share. 

South Indian Bank: Down 6.97%. The private sector lender headquartered at Thrissur in Kerala has reported a 97.8% YoY decline in the standalone profit at Rs 10 crore for the quarter ended June 30, 2021. It had posted a profit of Rs 82 crore in the corresponding quarter of the previous financial year.

Indiamart Intermesh: Up 1.97%. The e-commerce company has reported an 18.9% YoY rise in the consolidated profit at Rs 88 crore for the quarter ended June 30, 2021. It had posted a profit of Rs 74 crore in the corresponding quarter of the previous financial year. The board has recommended a final dividend of Rs 15 per share and has fixed Tuesday, August 24, 2021, as the Record Date for the purpose.

Can Fin Homes: Down 1.50%. The home financer has reported a 17% YoY rise in the profit at Rs 109 crore for the quarter ended June 30, 2021. It had posted a profit of Rs 93 crore in the corresponding quarter of the previous financial year.

Stocks in News

BPCL: Down 0.02%. The Union Cabinet on Thursday approved a proposal to allow 100 per cent foreign direct investment (FDI) in public sector refiners, expanding the scope for FDI in the privatisation of Bharat Petroleum Corporation Ltd (BPCL). According to the government’s current FDI policy, 49 per cent of FDI is allowed in public sector refining and 100 per cent in the private sector. The government currently holds 52.98% stakes in BPCL. 

Mahindra Lifespace: Up 10.01%. The Board of Directors of the Company at its meeting scheduled on Wednesday, July 28, 2021, will consider and approve the financial results of the first quarter ended June 30, 2021. At the same meeting, it will also consider the proposal for issuance of Bonus Equity Shares, subject to requisite approvals.

Orient Cement: Down 0.94%. HDFC Mutual Fund sold 43.28 lakh shares of the company on July 19, 2021. With this, HDFC Mutual Fund’s stakes in the company declined to 5.15% from 7.27%.

IIFL Securities: Up 5%. Abakkus Growth Fund increases its stake in the company by 0.03% to 2.26%.

SAREGAMA Ltd.: Down 2.34%. Abakkus Emerging Opportunities Fund increased its stake in the company by 0.02% to 1.67%.

Buzzing Stocks

Mishra Dhatu: Up 2.49%.

SAIL: Up 1.27%.

Balaji Amines: Up 3.38%.

GHCL: Up 2.49%.

GNFC: Up 2.97%.

Spandana Sphoorty: Up 5.71%.

Bajaj Electrical: Up 3.94%.

Graphite India: Up 3.10%

Nippon Life India Asset: Up 2.35%.

Bharti Airtel: Up 1.29%.

DCM Shriram: Up 1.93%.

Igarashi Motors: Up 4.13%

ITC: Up 1.28%.

ICICI Bank: Up 2.42%.

Greaves Cotton: Up 3.34%.

Hernaba Industries: Up 3.08%.

Stove Kraft: Up 2.23%.

Falling Stocks:

Tata Motors: Down 2.23%.

CDSL: Down 5%.

Vodafone Idea: Down 7.57%.

Future Retail: Down 0.55%

Sobha Ltd.: Down 2.93%.

ICICI Lombard: Down 2.67%.

Piramal Enterprises: Down 0.21%

IB Real Estate: Down 0.83%.

Stocks at Life Highs

Alkyl Amines: Up 4.12%. Meanwhile, the stock hit the life high of 4,125 earlier in the intraday trade, today.

Persistent Systems: Up 6.02%. Meanwhile, the stock hit the life high of 3,080 earlier in the intraday trade, today.

Jubilant FoodWorks: Up 4.68%. Meanwhile, the stock hit the life high of 3,638.55 earlier in the intraday trade, today.

Page Industries: Up 1.07%. Meanwhile, the stock hit the life high of 33,789.55 earlier in the intraday trade, today.

Wipro: Up 2.24%. Meanwhile, the stock hit the life high of 598.70 earlier in the intraday trade, today.

Prestige Estate: Up 2.03%. Meanwhile, the stock hit the life high of 356 earlier in the intraday trade, today.

UTI AMC: UP 3.48%. Meanwhile, the stock hit the life high of 948.85 earlier in the intraday trade, today.