Newsmakers: Mirza International, Swan Energy, Bajaj Finserv and Fortis Healthcare among top 10 stocks that moved most on January 6
The Indian markets on Thursday closed in negative after showing strength for 4 straight days amid weak global cues led by hawkish US Fed minutes on Wednesday. The Sensex tumbled over 600 points, while Nifty50 slipped below the 17750-mark at the time of closing, dragged by IT and banking stocks. From weak global cues to rising cases of the Covid due to the new variant of Omicron, the benchmarks closed weak as the BSE Sensex slipped over 621 points or 1.03 per cent to 59602, and the Nifty50 fell over 179 points or 1 per cent to 17745. Here is a list of 10 buzzing stocks to watch out for:
Mirza International: Up 13.32%
Rane Madras: Up 12.81%
The shares of the company closed in the green at Rs 429 with a gain of 12.81 per cent as per NSE. As per BSE, the shares of the company closed in green at Rs 427.90 with a gain of 12.77 per cent. (Zee Business Exclusively reported that demand for airbags is likely to increase in the recent future as the government may make the availability of six airbags in cars’ compulsory. Sources aware of the development informed Zee Business that six airbags will be made mandatory in mid-range cars and the government may issue a draft notification regarding it in the next few days. According to sources, an official meeting with representatives of Rane Madras, Bosch and Minda Industries has been held. At present, the rule of 2 airbags is mandatory for cars. Source: ranegroup.com
Swan Energy: Up 8.79%
The shares of the company closed in the green at Rs 160.90 with a gain of 8.79 per cent as per NSE. As per BSE, the shares of the company closed in green at Rs 156.70 with a gain of 6.24 per cent. Swan Energy Ltd spiked 14.41% to Rs 168.75 at 11:50 AM. It has to be noted that the stock was the biggest gainer in the BSE's 'A' group. On the BSE, 1.08 lakh shares were traded on the counter so far as against the average daily volumes of 33841 shares in the past one month. Source: swan.co.in
NHPC: Up 1.75%
The shares of the company closed in the green at Rs 32.05 with a gain of 1.75 per cent as per NSE. As per BSE, the shares of the company closed in green at Rs 32 with a gain of 1.59 per cent. Promoters Agreement has been signed on January 4, 2022, between NHPC Limited and Green Energy Development Corporation of Odisha Limited (GEDCOL) for the formation of JV Company for the development of 500 MW floating Solar Power Projects in various water reservoirs in the State of Odisha. Information related to the JV and project was provided on November 11, 2021. Source: nhpcindia.com
Bharti Airtel: Up 1.54%
The shares of the company closed in the green at Rs 710.75 with a gain of 1.54 per cent as per NSE. As per BSE, the shares of the company closed in green at Rs 710.25 with a gain of 1.46 per cent. Airtel Africa Plc, a subsidiary of Bharti Airtel, has confirmed the first closing of the transaction to sell its telecoms tower assets in Tanzania for $176.1 million (Rs 1,192 crore). Approximately $60 million (Rs 450 crore) from the proceeds will be used to invest in network and sales infrastructure in Tanzania and for distribution to the Government of Tanzania, as per the settlement described in the Airtel Africa IPO Prospectus document published in June 2019. The balance of the proceeds will be used to reduce debt at Airtel Group. Source: Reuters
Bajaj Finserv: Down 0.11%
The shares of the company closed in the red at Rs 17963.15 with a fall of 0.11 per cent as per BSE. As per NSE, the shares of the company closed in red at Rs 17,955.10 with a fall of 0.19 per cent. The financial services company on Tuesday in its business update for the quarter ended December 31, 2021, said that its Assets under management (AUM) stood at approximately Rs 1,81,300 crore in Q3FY22, up 26.3% YoY and 8.63% QoQ. New loans booked during Q3FY22 were 74 lakhs up 23.33% YoY and 17.46% QoQ. Customer franchise as of December 31, 2021, stood at 5.54 crore, up 19.65% YoY and 4.92% QoQ. The Company’s deposit book stood at approximately Rs 30,000 crore as of December 31, 2021, up 26.2% YoY and 4.5% QoQ. Calculated Average ticket size stood at Rs32725.6, up 5.55%YOY & 3.53% QOQ. The Company continues to remain well-capitalized with a capital adequacy ratio (CRAR) of approximately 27.0% YoY and 27.7% QoQ. Source: Bajaj Finserv Twitter
ACC: Down 0.43%
ADF Foods: Down 0.70%
The shares of the company closed in the red at Rs 877.20 with a fall of 0.70 per cent as per BSE. As per NSE, the shares of the company closed in red at Rs 879 with a fall of 0.85 per cent. Gets approval under the production linked incentive (PLI) scheme by the Ministry of Food Processing Industries. Source: adf-foods.com
Fortis Healthcare: Down 1.80%
The shares of the company closed in the red at Rs 288.60 with a fall of 1.80 per cent as per BSE. As per NSE, the shares of the company closed in red at Rs 287.80 with a fall of 2.08 per cent. Malaysian healthcare group IHH Healthcare Berhad said on Wednesday Emqore Envesecure Private Capital Trust is seeking in excess of $6.5 billion ($650 crore) in damages from it and more than two dozen named defendants in a lawsuit. The demand is linked to Indian company Fortis Healthcare. IHH, the largest private healthcare group in Asia, is the largest stakeholder in Fortis Healthcare. Source: Fortis Twitter
Spandana Sphoorty: Down 2.84%
The shares of the company closed in the red at Rs 403 with a fall of 2.84 per cent as per NSE. As per NSE, the shares of the company closed in red at Rs 403 with a fall of 2.89 per cent. The micro-finance company Spandana Sphoorty Financial has reported a loss of Rs 58.87 crore in the September quarter (Q2FY22) on a sharp rise in impairments and other provisions. It had posted a profit of Rs 62.9 crore in the corresponding quarter of the previous year (Q2FY21). Its total income grew by 11.9% to Rs 372.4 crore in the reported quarter against Rs 337.1 crore posted last year. Besides, the board of directors of the company will meet on January 10, 2022, to consider the proposal to raise funds by way of further issue of securities through public and/or private offerings including qualified institutions placement or other permissible modes.