Newsmakers: Cipla, Pennar Industries, IRCON and Latent View among top 10 stocks that moved the most on December 20
The Indian markets recovered from its day’s low around minutes before its close on Monday. In this, Sensex closed nearly 1200 points recuperating at least 600 points from lows, while Nifty50 closed above 16600-mark before an important support level redeeming almost 150 points from lows. Both the benchmark indices witness a biggest ever intraday fall on Monday, on the back sell-off from foreign institutional investors (FIIs) and the rising cases of new covid variant Omicron. At the market close, the Sensex plunged over 1189 points or 2.09 per cent to 55822, and Nifty50 cracked over 317 points or 2.18 per cent to 16614. Similarly, the broader markets underperformed the benchmarks as both mid and small-cap also witnessed selling pressure, down around 4 per cent.
Here is a list of 10 buzzing stocks to watch out for:
Cipla: Up 4.08%
The shares of the company closed in the green at Rs 894.90 with a gain of 4.08 per cent as per BSE. As per NSE, the shares of the company closed in green at Rs 892.15 with a gain of 3.71 per cent. Cipla Limited and its subsidiary Cipla USA, Inc., on Saturday, announced that it has received final approval for its Lanreotide Injection, from the United States Food and Drug Administration (US FDA). Lanreotide Injection is supplied in 60 mg/0.2 mL, 90 mg/0.3 mL, and 120 mg/0.5 mL single-dose prefilled syringes. It is indicated for the treatment of patients with Acromegaly and Gastroenteropancreatic Neuroendocrine Tumors (GEP-NETs). Source: cipla.com
Pennar Industries: Up 1.34%
The shares of the company closed in the green at Rs 30.30 with a gain of 1.34 per cent as per NSE. As per BSE, the shares of the company closed in green at Rs 30.20 with a gain of 0.83 per cent. Pennar Group, a leading value-added engineering products and solutions company has bagged orders worth Rs 582 crores across its various business verticals. The Pre- Engineered Building vertical received orders for construction of manufacturing facilities, warehouses, Solar P V Modules, Structural Steel, from customers like Ultratech Cement, Shri Digvijay Cement, Matrix Structure, Lodha Group among others. The Solar Module vertical has received orders from Anantapur Energy Products, Eveready Group among others. The Railways vertical has received orders from Wabtech, Dynamic, Orbinox, ICF, SCR, and TI Metal among others. Source: pennarindia.com
IRCON: Down 1.11%
The shares of the company closed in the red at Rs 44.50 with a drop of 1.11 per cent as per NSE. As per BSE, the shares of the company closed in the red at Rs 44.45 with a drop of 1.33 per cent. Ircon International Limited (IRCON) has emerged as the lowest bidder for the Construction of an 8-Lane Access Controlled Expressway (Bhoj to Morbe Section-SPUR of Vadodra Mumbai Expressway) in Maharashtra on Hybrid Annuity Mode under Bharatmala Pariyojana (Phase 11 - Package XVII). The project was floated by the National Highways Authority of India on competitive bidding and the value of the project is approx. RS.1436 Crore (Bid Project Cost) The completion period of the project is 2.5 years. Source: ircon.org
RateGain Travel Technologies: Down 1.78%
The shares of the company closed in the red at Rs 334.45 with a drop of 1.78 per cent as per BSE. As per NSE, the shares of the company closed in the red at Rs 331.40 with a drop of 2.54 per cent. Goldman Sachs bought 7.2 lakh shares of the company at Rs 361.71 per share. Edelweiss Mutual Fund has sold 6.8 shares at Rs 360.7 per share and Integrated Core strategies Asia PTE Ltd has sold 8.79 lakh shares at Rs 356.22 per share. Source: Rategain Twitter
GAIL: Down 2.70%
The shares of the company closed in the red at Rs 126 with a drop of 2.70 per cent as per NSE. As per BSE, the shares of the company closed in the red at Rs 125.95 with a drop of 2.78 per cent. The Board of Directors of GAIL is scheduled to meet on Thursday, December 23, 2021, to consider the recommendation for payment of Interim Dividend for FY 2021-22. For the purpose of payment of Interim Dividend, if so approved by the Board, the "Record Date" will be Friday, December 31, 2021. Besides, GAIL (India) Limited and Gujarat Alkalies and Chemicals Limited (GACL) have entered into a Memorandum of Understanding (MoU) for setting up 500 KLPD Bio Ethanol Plant in Gujarat and exploring other business opportunities of mutual interest. The estimated project cost is to the tune of Rs 1,000 crore and it is expected to generate annual revenue of approximately Rs 1500 crore. An estimated savings of USD 70 million per year in foreign exchange outgo is expected through this project. Source: gailonline.com
MGL: Down 2.84%
The shares of the company closed in the red at Rs 847.20 with a drop of 2.84 per cent as per NSE. As per BSE, the shares of the company closed in the red at Rs 843.90 with a drop of 3.19 per cent. For the second time in three weeks, Mahanagar Gas Ltd (MGL) has hiked the prices of CNG and PNG with effect from midnight, on Friday. The basic price of CNG is increased by Rs 2/kg and domestic PNG by Rs 1.50/SCM for the Mumbai Metropolitan Region (MMR). With this, the revised prices of CNG goes up from Rs 61.50/kg to Rs 63.50/kg and PNG from Rs 36.50/SCM to Rs 38/SCM. Source: mahanagargas.com
Mold-Tek Packaging: Down 2.90%
The shares of the company closed in the red at Rs 732 with a drop of 2.90 per cent as per BSE. As per NSE, the shares of the company closed in the red at Rs 730.45 with a drop of 3.43 per cent. QIP Committee of the company on Friday approved the issue and allotment of 14,00,000 Equity Shares to the eligible qualified institutional buyers of the Issue at an Issue Price of Rs 740 per Equity Share, which is at a premium of Rs 17.60 per Equity Share i.e. 2.44% premium on the floor price of Rs 722,40 per Equity Share. The Issue aggregated to Rs 103.6 crore. Source: moldtekpackaging.com
Jindal Poly Investment: Down 4.99%
The shares of the company closed in the red at Rs 341.80 with a drop of 4.99 per cent as per BSE. As per NSE, the shares of the company closed in the red at Rs 340.65 with a drop of 4.99 per cent. The board has approved the voluntary delisting of the equity shares of the company. The floor price of the delisting offer is Rs 252.36 per Equity Share and the indicative price that can be accepted is up to Rs 253per Equity Share for purposes of the Delisting Offer. Source: jpifcl.com
IB Real Estate: Down 6.08%
The shares of the company closed in the red at Rs 147.55 with a drop of 6.08 per cent as per BSE. As per NSE, the shares of the company closed in the red at Rs 147 with a drop of 6.46 per cent. The Board of Directors of the Company is scheduled to meet on December 22, 2021, to consider and approve the raising of funds through the issue of equity shares and/or any other convertible or exchangeable securities. Source: indiabullsrealestate.com
Latent View: Down 9.99%
The shares of the company closed in the red at Rs 535 with a drop of 9.99 per cent as per BSE. As per NSE, the shares of the company closed in the red at Rs 534.80 with a drop of 10 per cent. The mandatory lock-in period of 30 days for anchor investors ended today. Source: latentview.com