Newsmakers: Godrej Consumer, Wipro, La Opala and Shriram Properties among top 10 stocks that moved the most on December 21
The Indian markets on Tuesday witnessed uptrend at the close, snapping two days’ decline. The Sensex jumped over 500 points and the Nifty50 above the 16750-mark, led by the metal and IT stocks at the close. The BSE Sensex surged 530 points or 0.95 per cent to 56,351, while the Nifty50 gained over 157 points or 0.94 per cent to 16770 at the market close. Similarly, the broader markets registered growth too as both mid and small-cap indices up over 1 per cent at the market close. Here is a list of 10 buzzing stocks to watch out for:
La Opala: Up 8.18%
The shares of the company closed in the green at Rs 423.80 with a gain of 8.18 per cent as per NSE. As per BSE, the shares of the company closed in the green at Rs 422.75 with a gain of 7.50 per cent. LA Opala has broken out 5years of consolidation and then witnessed strong positive momentum. In the long term, this counter may head towards 750-1000 levels. Momentum indicators are overbought in the near term that may lead to some consolidation or minor correction, but the correction will provide a buying opportunity. Source: laopala.in
Godrej Consumer: Up 5.41%
The shares of the company closed in the green at Rs 936.40 with a gain of 5.41 per cent as per NSE. As per BSE, the shares of the company closed in the green at Rs 938 with a gain of 5.25 per cent. The company's management has targeted double-digit volume growth in the next three to five years led by category development and penetration gains. Source: Godrej Group Twitter
HCL Technologies: Up 4.32%
The shares of the company closed in the green at Rs 1,210 with a gain of 4.32 per cent as per NSE. As per BSE, the shares of the company closed in the green at Rs 1205.25 with a gain of 3.91 per cent. IT Company HCL has reported a 1.7% QoQ rise in the consolidated profit at Rs 3,259 crore for the quarter ended September 2021. It had posted a profit of Rs 3,205 crore in the previous quarter ended June 30, 2021. Revenue from operations grew 2.9% to Rs 20,655 crore as compared to Rs 20,068 crore posted in the previous quarter. $Revenue grew 2.6% to Rs 279.1 crore as against $272 crore posted in the June quarter. Source: hcltech.com
Wipro: Up 3.78%
The shares of the company closed in the green at Rs 691.15 with a gain of 3.78 per cent as per NSE. As per NSE, the shares of the company closed in the green at Rs 690.75 with a gain of 3.66 per cent. Wipro on Monday announced that it has signed an agreement to acquire Austin, Texas-headquartered Edgile. It will acquire the company in a cash deal for a purchase consideration of $230 million (Rs 1,725 crore). Wipro has said that the acquisition of Edgile will strengthen Wipro's leadership in Strategic Cybersecurity services. Abry Partners, a minority private equity investor in Edgile, will fully exit its investment in Edgile as a result of this transaction. Source: WIPRO Twitter
Tata Steel: Up 3.35%
The shares of the company closed in the green at Rs 1,108.85 with a gain of 3.35 per cent as per NSE. As per BSE, the shares of the company closed in the green at Rs 1104.90 with a gain of 2.98 per cent. TV Narendran, MD & CEO, Tata Steel in an interview with Zee Business Executive Editor Swati Khandelwal said, "It was a challenging quarter, if you have a look then the steel consumption in India actually shrunk 2.50% quarter-on-quarter and our sales have grown by 11%. So, we have done quite well in India. In Europe, there was a disappointment in Q1FY22 as our spreads were not that good in the period but we have doubled our EBITDA in Q2FY22." He further added, " We will continue to do well in Europe. Overall, it has been a good performance both in India as well as Europe. I think the best is not yet behind us and we can see some more good quarters." Source: Tata Steel Twitter
Vodafone Idea: Up 2.20%
The shares of the company closed in the green at Rs 13.93 with a gain of 2.20 per cent as per BSE. As per NSE, the shares of the company closed in the green at Rs 13.90 with a gain of 1.83 per cent. Telecom Regulatory Authority of India (TRAI) on Monday released the Subscriber Data for October 2021 and said that Reliance Jio Infocomm (Jio) has added 17.61 lakh wireless subscribers in the reported month while Bharti Airtel has lost 4.9 lakh subscribers and Vodafone Idea (Vi) has lost 9.64 lakh subscribers in the month. The overall wireless subscribers have increased by 2.8 lakh. The industry has added 8 lakhs active subscribers. Besides, the Department of Telecom (DoT) has asked the finance ministry to consider refunding input tax credits (ITC) that telcos have accumulated under the goods and services tax regime, two officials aware of the matter said. Total Input Tax Credit is around Rs 50,000 crore. Source: Vi Twitter
RailTel: Up 1.80%
The shares of the company closed in the green at Rs 115.80 with a gain of 1.80 per cent as per NSE. As per BSE, the shares of the company closed in the green at Rs 115.50 with a gain of 1.49 per cent. RailTel Corporation of India Ltd. has received a work order from DRDO for Expansion and Enhancement of CIAG Network Capacity at a total cost of Rs 68.31 Crore (Inclusive of GST). The entire work is to be completed in seven months. Source: RailTel Twitter
CCL Products India: Up 1.73%
The shares of the company closed in the green at Rs 387.65 with a gain of 1.73 per cent as per NSE. As per BSE, the shares of the company closed in the green at Rs 387.05 with a gain of 1.48 per cent. IMCO Emerging Markets Public Equity LP acquired 6,94,026 equity shares in the company at Rs 399.20, however, Ontario Pension Board sold 6,94,026 equity shares at Rs 399.20 per share on the BSE, the bulk deals data showed. Source: cclproducts.com
Tata Power: Up 1.48%
The shares of the company closed in the green at Rs 212.20 with a gain of 1.48 per cent as per NSE. As per BSE, the shares of the company closed in the green at Rs 211.95 with a gain of 1.36 per cent. Tata Power Delhi Distribution (TPDDL) has said that it has installed 1,400 EV charging stations in Delhi. Besides, State-owned SECI has awarded a contract to the Tatas for setting up a 100MW solar project with a battery energy storage system (BESS) at Rajnandgaon, Chhattisgarh. Source: Tata Power Twitter
Shriram Properties: Down 7.53%
The shares of the company closed in the red at Rs 92.10 with a drop of 7.53 per cent as per NSE. As per BSE, the shares of the company closed in the red at Rs 91.90 with a drop of 7.55 per cent. Nomura India Investment Fund Mother Fund - The MTBJ AC Nomura India Investment Fund acquired 20 lakh equity shares in the company at Rs 95.53 per share. Source: shriramproperties.com