Newsmakers: Aditya Birla Fashion, Lupin, Devyani International and HFCL Limited among top 10 stocks that moved the most on December 14
Amid high volatility, the Indian markets staged a recovery from day’s low level, eventually closing with minor cuts during Tuesday’s session. Dragged by the auto, financial and FMCG stocks, the Sensex was down over 166 points and the Nifty50 settled below the 17350-level at the market close. The BSE Sensex slipped 166 points or 0.29 per cent to 58,177 and the Nifty50 declined by 43 points or 0.25 per cent to 17325 levels at the market close today. While the broader markets closed mixed with mid-cap falling nearly quarter per cent and small-cap up marginally 0.2 per cent. Here is a list of 10 buzzing stocks to watch out for:
Agro Phos India: Up 9.96%
The shares of the company closed in the green at Rs 27.05 with a gain of 9.96 per cent as per NSE. Societe Generale sold 1.02 lakh shares. (Market Cap Rs 50 crore, Only NSE). Source: agrophos.com
AB Fashion: Up 7.44%
The shares of the company closed in the green at Rs 285.85 with a gain of 7.44 per cent as per BSE. As per NSE, the shares of the company closed in green at Rs 285.35 with a gain of 7.21 per cent. The Board of Directors of the Company today in-principally approved acquiring the exclusive online and offline rights to the global brand ‘Reebok’ for the Indian market and purchase of certain assets of ‘Reebok India Company’ including inventory, currents assets/liabilities by way of entering into a Licensing Agreement and a Purchase Agreement, respectively. Source: abfrl.com
Lupin: Up 7.01%
The shares of the company closed in the green at Rs 946 with a gain of 7.01 per cent as per NSE. As per BSE, the shares of the company closed in green at Rs 943.05 with a gain of 6.67 per cent. Global pharma major Lupin Limited today announced that it has received the Establishment Inspection Report (EIR) from the United States Food and Drug Administration (US FDA) for its Goa manufacturing facility, after the inspection of the facility in September 2021. The US FDA has determined that the inspection classification of the facility is Voluntary Action Indicated (VAI). Source: lupin.com
Greenlam Industries: Up 5.18%
The shares of the company closed in the green at Rs 1775.90 with a gain of 5.18 per cent as per BSE. As per NSE, the shares of the company closed in green at Rs 1,777 with a gain of 5.17 per cent. The leading laminate manufacturer on Monday announced prominent plans for a fast-tracked expansion of the company. The company aims to invest Rs 950 crore over a period of 2-3 years, towards setting up of third Laminate plant and foray into Plywood and Particle Board business. This expansion will position Greenlam from a decorative surfacing company to a leading integrated wood panel player. Greenlam expects to commence the commercial production of Plywood & Laminate by Q4FY23 and Particle Board by Q4FY24. Source: greenlamindustries.com
Premier Ltd: Up 5%
The shares of the company closed in the green at Rs 10.50 with a gain of 5 per cent as per NSE. As per BSE, the shares of the company closed in the green at Rs 10.63 with a gain of 4.73 per cent. Anand Rathi Financial Services sold 4.95 lakh shares. (Market Cap Rs 31 crore). Source: premier.co.in
Adani Green Energy: Up 3.90%
The shares of the company closed in the green at Rs 1,440 with a gain of 3.90 per cent as per NSE. As per BSE, the shares of the company closed in the green at Rs 1436.10 with a gain of 3.60 per cent. The world’s largest solar power developer and the renewable energy arm of the diversified Adani Group, has signed an agreement with the Solar Energy Corporation of India (SECI) to supply 4,667 MW of green power. This is the world’s largest ever green power purchase agreement. Source: adanigreenenergy.com
Devyani International: Up 2.76%
The shares of the company closed in the green at Rs 191.60 with a gain of 2.76 per cent as per NSE. As per BSE, the shares of the company closed in the green at Rs 191.35 with a gain of 2.63 per cent. Meanwhile, the stock hit a life high of Rs 198.90 apiece earlier today in the intraday trade. Source: dil-rjcorp.com
Ircon International: Up 0.96%
The shares of the company closed in the green at Rs 47.10 with a gain of 0.96 per cent as per NSE. As per BSE, the shares of the company closed in the green at Rs 47.10 with a gain of 0.96 per cent. The company has emerged as the lowest bidder for NHAI's project. The bid project cost is Rs 1,107 crore. The completion period of the project is two years. Source: ircon.org
Piramal Enterprises: Down 5.25%
The shares of the company closed in the red at Rs 2601.70 with a drop of 5.25 per cent as per BSE. As per NSE, the shares of the company closed in the red at Rs 2,596 with a drop of 5.47 per cent. The Board of Directors of the Company on Monday approved the amalgamation of Shrilekha Business Consultancy Private Limited (Shrilekha) (subsidiary in which the Company holds 74.95% stake) into Shriram Capital Limited ('SCL') and to this extent has assented to the Composite Scheme of Arrangement and Amalgamation of Shrilekha into SCL. This Scheme would help simplify the holding structure across entities at Shriram Group. Pursuant to the Scheme, the Company shall hold equity shares of the merged listed entity - Shriram Finance Limited and also shares of resultant entities - Shriram LI Holdings Private Limited, Shriram GI Holdings Private Limited and Shriram Investment Holdings Limited. Source: piramal.com
HFCL Limited: Down 7.95%
The shares of the company closed in the red at Rs 80.45 with a drop of 795 per cent as per BSE. As per NSE, the shares of the company closed in the red at Rs 80.40 with a drop of 8.01 per cent. The leading innovation-led telecom enterprise has raised Rs 600 crores via the QIP issue. The QIP has shown an overwhelming response from Institutional investors like Reliance Ventures, Quant Mutual Fund, IIFL Wealth, Elara India, Discovery, Segantii, Millennium amongst others who participated in the fundraising program of the Company. The QIP proceeds shall be predominantly utilized towards the funding of capital expenditure requirements for setting up of new manufacturing facilities, capacity expansions and expenditure on R&D and product development. Source: HFCL Twitter