Newsmakers: Bajaj Electricals, Jindal Stainless, Tata Motors and Indiabulls Housing Finance among top 10 stocks that moved the most on December 17
Amid the massive selling pressure, the Indian markets closed Friday’s session on negative note a day after positive closing on Thursday. The Sensex fell around 1000 points from day’s high, while the Nifty50 gave key sentiment support of the 17000-mark at the market close. The decline was mainly led by the Banking, Financials, Auto, FMCG and Metal stocks as each slipped between 2-3 per cent dragging the market most. However, led by positive cues from Accenture Q1FY22 earnings, the IT sector has become the only gainer in otherwise bad market on the last day of week. At the market close, the Sensex plummeted over 889 points or 1.54 per cent to 57011-level, and the Nifty50 plunged over 252 points or 1.47 per cent to 16995-mark. Underperforming than benchmarks, the broader markets also saw massive decline as both mid and small-cap fell by over 2.5 per cent. Here is a list of 10 buzzing stocks to watch out for:
Paisalo Digital: Up 4.82%
The shares of the company closed in the green at Rs 839.90 with a gain of 4.82 per cent as per NSE. As per BSE, the shares of the company closed in the green at Rs 832.90 with a gain of 3.67 per cent. The promoter has bought 50,040 shares on December 16, 2021. Source: paisalo.in
Bajaj Electricals: Up 3.51%
The shares of the company closed in the green at Rs 1300 with a gain of 3.51 per cent as per BSE. As per NSE, the shares of the company closed in the green at Rs 1,300 with a gain of 3.22 per cent. The Board of Directors of the Company at its meeting held on December 9, 2021, authorised some of the directors and officials of the Company to review the corporate structure of the Company to unlock growth and value creation for all business segments ('Restructuring'). The Board, in the same Meeting, has also approved the formation of a wholly-owned subsidiary of the Company, which could provide a ready vehicle to enable the above Restructuring. Source: bajajelectricals.com
Jindal Stainless: Up 2.20%
The shares of the company closed in the green at Rs 188.10 with a gain of 2.20 per cent as per NSE. As per BSE, the shares of the company closed in the green at Rs 187.90 with a gain of 2.01 per cent. Jindal Stainless rallied by over 140 per cent so far in 2021 compared to 24 per cent upside seen in the Nifty50 in the same period. The share price of Jindal Stainless has remained resilient within the metal stocks. It has entirely retraced the past 27 months decline (132-21) in just 16 months and is seen sustaining above the same, highlighting structural turnaround. Source: Jindal Twitter
Tarsons Products: Down 0.97%
The shares of the company closed in the red at Rs 616.85 with a drop of 0.97 per cent as per BSE. As per NSE, the shares of the company closed in the red at Rs 616.50 with a drop of 1.23 per cent. The company has provided its half-yearly update for H1FY22 and said the overall demand environment for the Company’s products remained strong in H1FY22 despite localised lockdowns in various parts of the country during the period. In H1FY22, Company’s revenues grew by around 40% on a YoY basis on the back of strong growth in both domestic and export business. EBIDTA margins for H1FY22 stood at around 52%. This is compared to EBITDA margins of 46.5% for the year ended March 2021.
Mazagon Dock Shipbuilders: Down 1.71%
The shares of the company closed in the red at Rs 260.85 with a drop of 1.71 per cent as per BSE. As per NSE, the shares of the company closed in the red at Rs 260.85 with a drop of 1.86 per cent. The Board of Directors of the Company is scheduled to meet on December 28, 2021, to consider the declaration of Interim Dividend for the financial year 2021-22. Besides, the company has fixed January 7, 2022, as the Record Date for reckoning eligibility of shareholders for the purpose of payment of Interim Dividend. Source: mazagondock.in
HAL: Down 2.76%
The shares of the company closed in the red at Rs 1245.60 with a drop of 2.76 per cent as per BSE. As per NSE, the shares of the company closed in the red at Rs 1,244 with a drop of 2.88 per cent. Secures an order for manufacturing, assembly, integration, testing and supply of High-Speed Expendable Aerial Target System known as ABHYAS from ADE, DRDO. Source: hal-india.co.in
Rashtriya Chemical & Fertilizers: Down 3.82%
The shares of the company closed in the red at Rs 76.75 with a drop of 3.82 per cent as per NSE. As per BSE, the shares of the company closed in the red at Rs 76.60 with a drop of 4.01 per cent. Department of Fertilizers (DOF), Ministry of Chemicals & Fertilizers, Govt. of India has accorded administrative approval for setting up of a new 1200 MTPD DAP / NPK plant at RCF's Thal Unit, Raigad District, Maharashtra at an estimated project cost of Rs 914.58 Crore and the project is expected to be completed in 36 months. The decision regarding the applicability of the Surplus Ammonia policy is awaited from DOF. Source: rcfltd.com
Tata Motors: Down 4.42%
The shares of the company closed in the red at Rs 470.20 with a fall of 4.42 per cent as per NSE. As per BSE, the shares of the company closed in the red at Rs 470 with a drop of 4.46 per cent. The auto stocks are losing today as the Delhi government has decided to deregister the diesel vehicles that have completed 10 years on January 10, 2021. However, no objection certificate (NOC) would be issued for these vehicles so that they can be re-registered in other places. Source: Reuters
Union Bank: Down 4.44%
The shares of the company closed in the red at Rs 44.10 with a drop of 4.44 per cent as per BSE. As per NSE, the shares of the company closed in the red at Rs 44.10 with a drop of 4.44 per cent. LIC has increased its stakes in the public sector lender from 3.157% to 5.167% between March 2020 and December 2021. Source: Union Bank Twitter
Indiabulls Housing Finance: Down 8.34%
The shares of the company closed in the red at Rs 233.10 with a drop of 8.34 per cent as per BSE. As per NSE, the shares of the company closed in the red at Rs 232.60 with a drop of 8.43 per cent. Sameer Ghelaut in a press release says, I have sold 11.9% in the company with a view to make the company a fully professionally managed and run company. With this sale, I and my promoter companies now own 9.8% of the company. I intend to hold these shares and participate in the future growth story of the company. He added, I will be resigning from the board of the company by end of the current fiscal ending March 31, 2022, and will be completing the process of de-promotorization of the company with requisite approvals. Source: indiabullshomeloans.com