The benchmark indices bounced back to hit a fresh intraday high in mid-morning trade and were trading with decent gains in Wednesday’s noon deals. At 12:58 pm, the S&P BSE Sensex was trading 155.04 points or 0.29% up at 52,924.77. The Nifty 50 index was trading 50.15 points or 0.32% higher at 15,862.50. Meanwhile, certain stocks were in action in either direction based on reports linked to them. Here is a list of few such stocks: 

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Zomato IPO: The initial public offering of the online food delivery platform Zomato, which opened for subscription today, was subscribed 34% times by 12:52 pm. The price band of Zomato IPO is fixed at Rs 72-76 per share. The company aims to raise Rs 9,375 crore through the offer. The IPO comprises a fresh issue of equity shares worth Rs 9,000 crore and an offer for sale (OFS) worth Rs 375 crore by existing investor Info Edge (India).

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Stocks in News

Mindtree: Up 8.26%. The information technology and outsourcing company have reported an 8.2% QoQ rise in the consolidated profit at Rs 343 crore for the first quarter ended June 30, 2021. It had posted a profit of Rs 317.3 crore in the previous quarter ended March 31, 2021.

Tata Metaliks: Up 4.34%. The manufacturer of pig iron and DI pipes in India has reported a profit of Rs 95 crore for the quarter ended June 30, 2021, compared to a loss of Rs 12 crore posted in the same quarter of the previous financial year.

Bank of Maharashtra: Up 0.62%. The qualified institutional placement (QIP) of the state-run Bank of Maharashtra (BoM) opened on Tuesday. The bank has fixed the fixed floor price at Rs 24.89 per share (premium 2.4% at CMP 24.30) for the proposed Rs 2,000 crore qualified institutional placement (QIP). The bank may at its discretion offer a discount of not more than 5 per cent on the floor price so calculated for the issue, it said. 

Vedanta: Up 0.55%. Vedanta Ltd reported total production at Zinc International rose 62% YoY to 61,000 tonnes in the first quarter of the ongoing fiscal (Q1FY22). Aluminium production rose 17% YoY to 5.49 lakh tonnes. With regard to the iron ore business, it said that there was no production at Goa due to the suspension of mining operations. Pig iron production rose 85% YoY to 2,02,000 tonnes in Q1FY22 as compared to Q1FY21. With regard to the steel segment, it said that total saleable production for Q1FY22 was 8% higher at 2,89,000 tonnes as compared to Q1FY21. In terms of Facor, the ore production grew three times in Q1FY22, while copper production went up by 65% in the quarter. Vedanta said the power sales grew 48% in Q1FY22 to 2,722 million units.

Hindustan Zinc: Down 0.04%. Vedanta group firm Hindustan Zinc on Tuesday said its mined metal production rose by 9% YoY to 2,21,000 tonnes in the first quarter of the ongoing fiscal (Q1FY22). The integrated metal production in the first quarter grew 17% YoY to 2,36,000 tonnes when compared to Q1FY21 in line with the higher availability of mined metal. Integrated zinc production grew 20% YoY to 1,88,000 tonnes, compared to the corresponding quarter of the previous fiscal. Integrated Lead Production grew 9% to 48,000 tonnes compared to the last year. Integrated saleable silver production rose 37%.

MGL: Down 0.38%. Mahanagar Gas Ltd on Tuesday announced a hike in prices of Compressed Natural Gas and Domestic Piped Natural Gas for Mumbai and surrounding areas, with effect from midnight July 13-14, 2021. The rate of CNG has been hiked by Rs 2.58/kg, taking it up to Rs 51.98/kg. The price of Domestic PNG has been increased by Rs.0.55/Standard Cubic Metre and the new rates will be Rs 30.40/SCM in Slab 1 and Rs 36/SCM in Slab 2. This is the second time in six months that MGL has announced a price hike. The previous price hike was seen in February 2021.

NBCC: Down 0.37%. NBCC (India) Limited has secured a total business of Rs 206.00 crore in the month of June 2021.

Adani Enterprises: Up 0.20%. Adani Airport Holdings Limited (AAHL), a wholly-owned subsidiary of Adani Enterprises Ltd, has taken over the management control of Mumbai International Airport from the GVK Group. Besides, Adani Group is expected to commence work at the Navi Mumbai Airport in August 2021. The Navi Mumbai international airport is likely to be commissioned in 2024. Financial closure of the project will happen in 90 days

Infosys: Up 1.33%. It is scheduled to present its Q1FY22 number today.

LTTS: Up 2.63%. It is scheduled to present its Q1FY22 number today.

KNR Construction: Up 0.12%. CRISIL revises rating and raises outlook to positive from stable.

Buzzing Stocks

  • Srikalahasthi Pipes: Up 2.19%. 
  • CEAT: Up 5.69%. 
  • MTAR Technologies: Up 4.59%. 
  • MSTC: Up 3.92%. 
  • SPARC: Up 2.53%. 
  • NATCO Pharma: Up 1.19%. 
  • UTI AMC: Up 2.63%. 
  • Sterling & Wilson: Up 5.53%. 
  • CMI Ltd: Up 9.97%. 
  • Mazagon Dock: Up 2.02%. 
  • Nippon Life India: Up 2.71%. 
  • L&T Infotech: Up 3.65%. 
  • Wipro: Up 4.56%. 
  • Godrej Philips: Up 2%. 

Stocks at Life Highs

Ador Welding: Up 5.24%. The stock was suggested in Today’s Techno pick on Zee Business in the morning. Meanwhile, the stock hit a life high of 776 earlier in the intraday trade today.
Premier Explosives: Up 4.99%. The stock was suggested in the Cash ka Stock segment today on Zee Business. Meanwhile, the stock hit a life high of 206.35 earlier in the intraday trade today.
Mindtree: Up 8.26%. Meanwhile, the stock hit a life high of 2,725 earlier in the intraday trade today.
CAMS: Up 7.43%. Meanwhile, the stock hit a life high of 3,275 earlier in the intraday trade today.
Gujarat Fluoro: Up 8.13%. Meanwhile, the stock hit a life high of 1,432.80 earlier in the intraday trade today.
Angel Broking: Up 2.21%. Meanwhile, the stock hit a life high of 1,071.95 earlier in the intraday trade today.
Suprajit Engineering: Up 5.25%. Meanwhile, the stock hit a life high of 324.90 earlier in the intraday trade today.
CDSL: Up 4.80%. Meanwhile, the stock hit a life high of 1,320.90 earlier in the intraday trade today.
Sheela Foam: Up 2.72%. Meanwhile, the stock hit a life high of 2,498.10 earlier in the intraday trade today.
Mphasis: Up 6.67%. Meanwhile, the stock hit a life high of 2,345 earlier in the intraday trade today.
Kaya: Up 8.72%. Meanwhile, the stock hit a life high of 499 earlier in the intraday trade today. 
Tata Steel Long Products: Up 4.90%. Meanwhile, the stock hit a life high of 1,106.05 earlier in the intraday trade today.
Tata Communications: Up 3.69%. Meanwhile, the stock hit a life high of 1,438 earlier in the intraday trade today.
Steel Strips: Up 12.93%. Meanwhile, the stock hit a life high of 1,355 earlier in the intraday trade today.
Just Dial: Up 4.46%. Meanwhile, the stock hit a life high of 1,124 earlier in the intraday trade today.
Punjab Chemicals: Up 5.75%. Meanwhile, the stock hit a life high of 1,477.80 earlier in the intraday trade today.
Arvind: Up 7.19%. Meanwhile, the stock hit a life high of 110.50 earlier in the intraday trade today.
Indo Count: Up 6.02%. Meanwhile, the stock hit a life high of 206.30 earlier in the intraday trade today.
Kitex Garment: Up 10%. Meanwhile, the stock hit a life high of 204.05 earlier in the intraday trade today.
Happiest Minds: Up 7.38%. Meanwhile, the stock hit a life high of 1,299 earlier in the intraday trade today.