Newsmakers: Hindustan Copper, Varroc Engineering, Dr Path Labs and Vodafone Idea among top 10 stocks that moved the most on December 7
The domestic markets snapped two days’ losses and witnessed a buying spree on Tuesday. The Sensex gained over 850 points and the Nifty above the 17150-level at the market close. The surge in the market mainly came from banking, financial and metal heavyweights. At the market close, the BSE Sensex jumped 886.51 points or 1.56 per cent to 57633.65, while the Nifty soared over 266.35 points or 1.57 per cent to 17178.6 level. Similarly, even broader markets gained as mid-cap gained by 1.44 per cent and small-cap above 1 per cent higher at the market close. Here is a list of 10 buzzing stocks to watch out for:
Hindustan Copper : Up10.94%
The shares of the company closed in green at Rs 126.80 with a gain of 10.94 per cent as per NSE. As per BSE, the shares of the company closed in green at Rs 125.95 with a gain of 10.14 per cent. On Tuesday, the Nifty Metal index was in a super rally. At around 1.45 pm, Nifty Metal was trading at 5,488.65 higher by 160.75 points, Hindustan Copper was the top bull rising over 9 per cent. Source: Hindustan Copper Twitter
Tanla Platform: Up 5%
The shares of the company closed in green at Rs 1,675.25 with a gain of 5 per cent as per NSE. The shares of Tanla Platforms were locked at 5 per cent upper circuit at Rs 1,675.90 on the BSE on Tuesday after the company and Vodafone Idea (Vi) entered into a partnership to deploy patented block-chain enabled Wisely Platform to manifold increase ROI for global enterprises. Source: tanla.com
Varroc Engineering: Up 4.89%
The shares of the company closed in green at Rs 299.15 with a gain of 4.89 per cent as per NSE. As per BSE, the shares of the company closed in green at Rs 296.80 with a gain of 4.07 per cent. Last month, Varroc Engineering posted a net loss in Q2. The year-on-year (YoY) revenues during the quarter under review were up 4 percent at Rs 3,032 crore versus Rs 2,916 crore. YoY EBITDA loss was of Rs 6 crore versus profit of Rs 266 crore; and net loss of Rs 297.2 crore versus loss of Rs 38.8 crore in the year-ago period. Source: varroc.com
CRISIL: Up 4.86%
The shares of the company closed in green at Rs 3,048 with a gain of 4.86 per cent as per NSE. As per BSE, the shares of the company closed in green at Rs 3020.10 with a gain of 3.47per cent. Last month, the global analytical company providing ratings and research has reported a 25.2% YoY rise in the consolidated profit at Rs 112.9 crore for the quarter ended September 30, 2021, as against a profit of Rs 90.2 crore posted in the year-ago quarter. Its revenue from operations grew 17.7% to Rs 571 crore as against Rs 485 crore posted last year. Its EBITDA grew by 29% to Rs 146.1 crore as against Rs 113.3 crore posted last year. The company's margin improved to 25.6% in Q2FY22 from 23.4% posted in Q2FY21. Source: CRISIL Twitter
Interglobe Aviation: Up 4.30%
The shares of the company closed in green at Rs 1939 with a gain of 4.30 per cent as per NSE. As per BSE, the shares of the company closed in green at Rs 1937.50 with a gain of 4.16 per cent. InterGlobe Aviation Limited, the parent of the country’s largest airline IndiGo, will convene a shareholders’ meeting on December 30, 2021, to amend the company’s Articles of Association (AoA) and remove restrictions on the transfer of promoter shares following a joint request from its promoters. IGE Group (Rahul Bhatia) and RG Group (Rahul Gangwal) were collectively the ‘Requisitionists’. The promoters — Rahul Bhatia and Rakesh Gangwal — together with their related entities and individuals own a 77.4 per cent stake in InterGlobe Aviation. Source: IndiGo Twitter
Rain Industries: Up 3.72%
The shares of the company closed in green at Rs 218.85 with a gain of 3.72 per cent as per NSE. As per BSE, the shares of the company closed in green at Rs 218.20 with a gain of 3.46 per cent. Pabrai Investment Funds bought 68.98 lakhs equity shares of the company via open market transactions on December 2, 2021, increasing shareholding to 8% from 5.95% earlier. Source: rain-industries.com
Tata Motors: Up 3.23%
The shares of the company closed in green at Rs 482.30 with a gain of 3.23 per cent as per NSE. As per BSE, the shares of the company closed in green at Rs 482.10 with a gain of 3.17 per cent. India’s largest commercial vehicle manufacturer has announced an impending price hike in its commercial vehicle range. An increase in price in the range of 2.5%, will be implemented from January 1, 2022, and will be put into effect across segments – M&HCV, I&LCV, SCV and Bus, basis individual model and variant of the vehicle. The increase in the prices of commodities such as steel, aluminium and other precious metals, in addition to higher costs of other raw materials, has incited this price hike in commercial vehicles. While the company is absorbing a significant portion of the increased costs at various levels of manufacturing, the steep rise in overall input costs makes it imperative to pass on some residual proportion via a minimal price hike. Source: Reuters
Happiest Minds Technologies: Down 0.56%
The shares of the company closed in red at Rs 1,297 with a fall of 0.56 per cent as per NSE. As per BSE, the shares of the company closed in red at Rs 1292.40 with a drop of 1.59 per cent. A ‘Born Digital. Born Agile’, Mindful IT Company, today announced that it has been ranked among India’s Top 25 Best Workplaces in IT & IT-BPM 2021 by Great Place to Work InstituteTM. Source: happiestminds.com
Dr Lal Path Labs: Down 1.15%
The shares of the company closed in red at Rs 3574.00 with a fall of 1.15 per cent as per BSE. As per NSE, the shares of the company closed in red at Rs 3,567 with a drop of 1.34 per cent. The Maharashtra government has revised rates for Covid-19 RT-PCR tests conducted at private laboratories. For tests conducted at laboratories will be charged Rs 350 per test instead of Rs 500 while for home collection the rates have been reduced from Rs 800 to Rs 700 per test. Source: Dr Lal Pathlabs Twitter
Vodafone Idea: Down 5%
The shares of the company closed in red at Rs 14.25 with a fall of 5 per cent as per NSE. As per BSE, the shares of the company closed in red at Rs 14.21 with a drop of 5.39 per cent. The telecom in its clarification to the news item published in a national daily on getting back the bank guarantees from DoT said it has not received any bank guarantees from DoT. It added that the reform package announced by the government on September 15, 2021, reads "there are no requirements for multiple Bank Guarantees (BGs) in different Licenced Service Areas (LSAs) regions in the country. Instead, One BG will be enough." Source: Vi Twitter