Newsmakers: PB Fintech, Macrotech Developers, Escorts and Phoenix Mills among top 10 stocks that moved the most on November 16
Trading in a range-bound manner, the Indian markets on Tuesday slipped at the closing, as the Sensex fell around 400 points and the Nifty below 18000-mark. The decline was mainly led by the banking and financial stocks, along with pharma and metals, at the market close today. The BSE Sensex slipped 396 points or 0.65 per cent to 60322, while the Nifty50 fell over 110 points or 0.61 per cent to 17999 levels at the market close. Here is a list of 10 buzzing stocks to watch out for:
PB Fintech: Up 11.59%
The shares of the company closed in the green at Rs 1342.35 with a gain of 11.59 per cent as per the BSE. As per the NSE, the shares of the company closed in the green at Rs 1334.90 with a gain of 11.03 per cent. Capital Research And Management Co A/C New World Fund Inc bought 34,18,354 Shares at Rs 1192.96 per share. Source: pbfintech.in
Macrotech Developers: Up 9.70%
The shares of this company closed in the green at Rs 1408 with a gain of 9.70 per cent as per the BSE. As per the NSE, the shares of the company closed in the green at Rs 1407.50 with a gain of 9.53 per cent. Realty major Macrotech Developers Ltd, formerly Lodha Developers, on Monday announced a Qualified Institutional Placement (QIP) to raise up to Rs 4,000 crore via a share sale. The company will be issuing around 3.4 crore new shares through this issue, which will result in dilution of about 7.5 per cent pre-issue outstanding equity capital. The floor price for the issue is Rs 1,184.70 per share. Source: lodhagroup.in
Sirca Paints India: Up 9.64 %
The shares of this company closed in green at Rs 485.10 with a gain of 9.64 per cent as per NSE. PGIM India Mutual Fund (PGIM India Midcap Opportunities Fund) bought 163,874 Shares at Rs 435.74 per share. Source: sircapaints.com
Va Tech Wabag: Up 7.22%
The shares of this company closed in the green at Rs 354.95 with a gain of 7.22 per cent as per the NSE. As per the BSE, the shares of the company closed in the green at Rs 354.80 with a gain of 7.03 per cent. Va Tech Wabag’s standalone net profit for the second quarter ended in September 2021 more than doubled to Rs 19.46 crore. The revenue rose almost 43 per cent to Rs 504 crore. Source: wabag.com
NIIT: Up 7.08%
The shares of this company closed in the green at Rs 422.50 with a gain of 7.08 per cent as per the BSE. As per the NSE, the shares of the company closed in green at Rs 420 with a gain of 6.52 per cent. On Tuesday, the shares of NIIT hit a multiyear high of Rs 431.15 after they rallied 9 per cent on the BSE in Tuesday's intra-day trade on the back of heavy volumes. Source: NIIT Twitter
Sigachi: Up 5%.
The shares of this company closed in the green at Rs 628.40 with a gain of 5 per cent as per the NSE. As per the BSE, the shares of the company closed in the green at Rs 633.90 with a gain of 4.99 per cent. Shares of the Hyderabad-based manufacturer of cellulose-based excipient, Sigachi Industries made a bumper listing on the exchanges on Monday. The shares opened at a premium of 250% at the NSE at Rs 570 per share against an issue price of Rs 163 per share. At the BSE, it opened at a premium of 252.76% at Rs 575 per share against the issue price. The Rs 125-crore Initial Public Offering (IPO) of the company was subscribed 102 times. Source: Sigachi Twitter
Foods & Inns Ltd: Up 4.99%
The shares of the company closed in the green at Rs 89.50 with a gain of 4.99 per cent as per the BSE. As per the NSE, the shares of the company closed in the green at Rs 89.50 with a gain of 4.99 per cent. The company's equity shares were listed on the National Stock Exchange today. Source: foodsandinns.com
Zomato: Up 1.25%
The shares of the company closed in the green at Rs 157.70 with a gain of 1.25 per cent as per the BSE. However, as per the NSE, the shares of the company closed in the red at Rs 155.20 with a drop of 3.18 per cent. Meanwhile, the stock hit an all-time high of Rs 169 per share in the intraday trade today. Source: Zomato Twitter
Escorts: Down 0.79%
The shares of this company closed in the red at Rs 1628.95 with a drop of 0.79 per cent as per the BSE. As per the NSE, the shares of the company closed in the red at Rs 1625.20 with a drop of 0.93 per cent. Escorts Agri Machinery (EAM), a division of Escorts Limited, shall be increasing the prices of its tractors effective November 21, 2021. There has been a steady rise in commodity prices necessitating a price hike to offset the impact of the continuing inflation. The increase in prices would vary across models and variants. Source: escortsgroup.com
Phoenix Mills: Down 4.60%
The shares of the company closed in the red at Rs 1071.60 with a drop of 4.60 per cent as per the BSE. As per the NSE, the shares of the company closed in the red at Rs 1067 with a drop of 4.83 per cent. The Phoenix Mills Limited and Canada Pension Plan Investment Boara (CPPIB) have entered into a joint venture to develop a property in the Lower Parel area of Mumbai. As per the agreement, CPPIB will be investing Rs 1,350 crore for 49% of stakes in Plutocrat Commercial Real Estate Pvt Ltd (PCREPL), the entity that will own the asset. Source: thephoneixmills.com