Newsmakers: Nykaa, TVS Motor, ITC and Equitas Holdings among top 10 stocks that moved the most on December 15
Selling pressure in the Indian markets continued for the third straight session on Wednesday as Sensex dipped over 300 points and Nifty50 fell below 17250-mark, dragged by Metal and IT stocks. At the market close, the BSE Sensex tumbled over 329 points or 0.57 per cent to 57788, and Nifty50 dipped over 103 points or 0.6 per cent to 17221. Following the benchmarks suite, even the broader markets extended decline as both mid and small-cap dipped by around 0.5 per cent each.
Here is a list of 10 buzzing stocks of today:
Nykaa: Up 5.38%
The shares of the company closed in the green at Rs 2,124 with a gain of 5.38 per cent as per NSE. As per BSE, the shares of the company closed in green at Rs 2122.05 with a gain of 5.03 per cent. The country's leading lifestyle destination will make available L'Oreal's advanced, AI-powered virtual try-on technology ModiFace for its customers. This technology helps to create an enhanced beauty experience for makeup enthusiasts. The ModiFace Technology will enable virtual try-on on Nykaa's website and mobile app helping shoppers purchase their desired beauty products across categories, starting with the L'Oreal range of products. Source: nykaa.com
Precision Wires: Up 4.71%
The shares of the company closed in the green at Rs 371.20 with a gain of 4.71 per cent as per BSE. As per NSE, the shares of the company closed in green at Rs 370.75 with a gain of 4.70 per cent. The company has informed that it has fixed December 23, 2021, as the record date for the purpose of sub-division of equity shares of Rs 5 each into 5 equity shares of Rs 1 each fully paid. Source: precisionwires.com
LG Balakrishnan: Up 3.45%
The shares of the company closed in the green at Rs 578 with a gain of 3.45 per cent as per NSE. As per BSE, the shares of the company closed in green at Rs 575 with a gain of 3 per cent. The promoter V Rajvirdhan sold 1 lakh shares on December 9, 2021. Source: lgb.co.in
SH Kelkar: Up 2.24%
The shares of the company closed in the green at Rs 157.55 with a gain of 2.24 per cent as per BSE. As per NSE, the shares of the company closed in green at Rs 157 with a gain of 1.55 per cent. Buyback of up to 29 lakhs fully paid-up shares of the company each at Rs 210 per equity share for a maximum consideration of Rs 60.0 crore through the tender route will open today. Source: keva.co.in
TVS Motor: Up 1.95%.
The shares of the company closed in the green at Rs 673.10 with a gain of 1.95 per cent as per BSE. As per NSE, the shares of the company closed in green at Rs 669.40 with a gain of 1.40 per cent. The shares of TVS Motor Company moved higher by 7.3 per cent to Rs 708.50 on the BSE in Wednesday's intra-day trade on the back of heavy volumes in an otherwise weak market on positive outlook. It must be noted that the stock was the two-wheeler maker had hit a 52-week high of Rs 793.45 on November 9, 2021. Source: TVS Motor Twitter
Ganesh Benzoplast: Up 1.12%
The shares of the company closed in the green at Rs 108 with a gain of 1.12 per cent as per NSE. As per BSE, the shares of the company closed at Rs 107.55 up 0.51 per cent. The promoter sold 2.45 shares on December 14, 2021. Source: gblinfra.com
ITC: Down 1.88%
The shares of the company closed in the red at Rs 224 with a drop of 1.88 per cent as per NSE. As per BSE, the shares of the company closed in the red at Rs 223.95 with a drop of 2.03 per cent. Sanjiv Puri, Chairman, ITC Ltd, on Tuesday said the company is open to the idea of demerger of the fast-moving consumer goods (FMCG) business and listing of the information technology (IT) businesses. The demerger plans for the hotel business will be done as soon as the industry recovers. He added, the company has lined up investments of Rs 10,000 crore over the next three years. The company is also actively pursuing acquisitions opportunities in FMCG and the IT business. Besides, the company has said that its nasal spray for Covid-19 prevention, Savlon Nasal Spray, is in the final stage of trials. Source: ITC Limited Twitter
Mold Tek Packaging: Down 3.73%
As per BSE, the shares of the company closed in red at Rs 763.95 with a drop of 3.73 per cent. The shares of the company closed in the red at Rs 763.35 with a drop of 3.76 per cent as per NSE. The company launched the QIP issue on December 14, 2021, and approved the floor price of Rs 722.40 per equity share (9% Discount at CMP Rs 793.55) for the QIP. The Company may, at its discretion, offer a discount of not more than 5% on the floor price so calculated for the QIP. Source: moldtekpackaging.com
Equitas Holdings: Down 3.82%
The shares of the company closed in the red at Rs 123.35 with a drop of 3.82 per cent as per BSE. As per NSE, the shares of the company closed in the red at Rs 123 with a drop of 4.02 per cent. The Reserve Bank of India (RBI) on Tuesday released a prompt corrective action (PCA) framework for non-banking finance companies (NBFCs). The PCA framework for NBFCs would come into effect from October 1, 2022, based on the financial position of NBFCs on or after March 31, 2022. The new NBFC framework will apply to all deposit-taking NBFCs. Capital adequacy ratio and asset quality will be the key monitorables for deposit and non-deposit-taking NBFCs. Source: equitas.in
Paytm: Down 7.63%
The shares of the company closed in the red at Rs 1,381.90 with a drop of 7.63 per cent as per NSE. As per BSE, the shares of the company closed in the red at Rs 1380.05 with a drop of 7.72 per cent. The lock-in period for anchor investors has ended. Source: Paytm Twitter