Newsmakers: Vodafone Idea, Delta Corp, TTML and Greaves Cotton among top 10 stocks that moved the most on January 12
The Indian markets ended the fourth consecutive session on a higher note amid positive global cues on Wednesday. The broader Nifty50 managed to close above 18, 200, while the S&P BSE Sensex surged over 500 points to end past 61,100. The former closed at 18,212.35, while the latter settled for 61,150.04 as the indices ended 0.87% and 0.88% higher on Wednesday. Here is a list of 10 buzzing stocks to watch out for:
Vodafone Idea: Up 8.90%
The shares of the company closed in the green at Rs 12.85 with a gain of 8.90 per cent as per NSE. As per BSE, the shares of the company closed in green at Rs 12.80 with a gain of 8.47 per cent. In its press conference, the company said, Vodafone Idea’s move to offer a 35.8 per cent stake to the Government in lieu of its interest payments for AGR and spectrum dues is a rational decision. The company has a significant amount of debt and considering conversion is a good option to reduce the debt. The timeline for the process should not take a long time and it may complete in the next coming month. Source: Vodafone Idea Twitter
Delta Corp: Up 3.13%
The shares of the company closed in the green at Rs 291.55 with a gain of 3.13 per cent as per BSE. As per NSE, the shares of the company closed in green at Rs 290.55 with a gain of 2.72 per cent. The company on Tuesday reported 55 times YoY jump in the consolidated profit at Rs 70.4 crore for the quarter ended December 31, 2021 (Q3FY22). It had posted a profit of Rs 1.28 crore in the corresponding quarter of the previous financial year (Q3FY21). Its revenue from operations rose 104.6% to Rs 247.2 crore as compared to Rs 120.8 crore posted last year. EBITDA grew 9 times YoY to Rs 107.2 crore in the reported quarter compared to Rs 11.74 times posted last year. Margins improved to 43.4% in Q3FY22 compared to 9.7% posted in Q3FY21. Besides, subsidiary Gaussian Networks Private Limited has appointed an advisor and banker for the IPO. Source: deltacorp.in
HAL: Up 2.45%
The shares of the company closed in the green at Rs 1310.75 with a gain of 2.45 per cent as per BSE. As per NSE, the shares of the company closed in green at Rs 1,310.25 with a gain of 2.35 per cent. LIC reduces the stake to 11.65% in the December quarter from 13.89%. Source: hal-india.co.in
Hindalco: Up 2.44%
The shares of the company closed in the green at Rs 497.80 with a gain of 2.44 per cent as per BSE. As per NSE, the shares of the company closed in green at Rs 497.35 with a gain of 2.26 per cent. Novelis Inc., the world leader in aluminium rolling and recycling, has announced that it will invest $365 million ($36.5 crore) to build a highly advanced recycling centre for automotive in North America. With an annual casting capacity of 240 kt of sheet ingot, the company expect the facility to reduce the company’s carbon emissions by more than one million tons each year. The new recycling facility will be built adjacent to Novelis’ existing automotive finishing plant in Guthrie, Kentucky. Source: PTI
DLF: Up 2.02%
The shares of the company closed in the green at Rs 417.50 with a gain of 2.02 per cent as per BSE. As per NSE, the shares of the company closed in green at Rs 416.40 with a gain of 1.85 per cent. Clocks sales worth Rs 1500 crores for its initial offering in ONE Midtown, a newly launched luxury residential project in New Delhi. Source: dlf.in
Ugro Capital: Up 1.86%
The shares of the company closed in the green at Rs 213.95 with a gain of 1.86 per cent as per BSE. As per NSE, the shares of the company closed in green at Rs 212.60 with a gain of 1.60 per cent. The company in its monthly business update said for the month of December 2021, total Disbursements stood at Rs 414 crore compared to Rs 319 crore in November 2021 (MoM). As a result, the overall AUM as of December 2021 stood at Rs 2,590 crore up 97% since March 2021 and 130 per cent since December 2020. The company’s collection efficiency has improved MoM across channels. Ugro Capital has added 6 new lenders during December 2021 thereby further diversifying its lender base to a total of 50 lenders. Source: ugrocapital.com
CONCOR: Up 1.55%
The shares of the company closed in the green at Rs 656.65 with a gain of 1.55 per cent as per BSE. As per NSE, the shares of the company closed in green at Rs 655.40 with a gain of 1.34 per cent. Total throughput grew 6.8% YoY at 10.3 lakh tonnes in Q3FY22 compared to 9.6 lakh tonnes. Source: concorindia.co.in
Motherson Sumi: Down 3.24%
The shares of the company closed in the red at Rs 243.30 with a fall of 3.24 per cent as per NSE. As per BSE, the shares of the company closed in red at Rs 243.45 with a fall of 3.30 per cent. The January, February and March contracts in F&O will expire on January 13, 2022. New contracts will be launched on January 14, 2022. Changes in F&O contracts is happening due to the demerger of the domestic wiring business and January 14, 2022, is the ex-date for the demerger of its Domestic Wiring Harness business. Source: mothersom.com
TTML: Down 5%
The shares of the company closed in the red at Rs 276.50 with a fall of 5 per cent as per BSE. As per NSE, the shares of the company closed in red at Rs 275.65 with a fall of 5 per cent. After Vodafone Idea, Tata Teleservices on Tuesday proposed for conversion of the interest related to AGR dues into equity. Post-conversion, the government holding is expected to be about 9.5 per cent in the company at Rs 41.50 per share. The net present value (NPV) of this interest is expected to be nearly Rs 850 crore. Source: tatateleservices.com
Greaves Cotton: Down 7.03%
The shares of the company closed in the red at Rs 220.95 with a fall of 7.03 per cent as per BSE. As per NSE, the shares of the company closed in red at Rs 219.60 with a fall of 7.65 per cent. Greaves Cotton fell 6.14% to Rs 223.05 after a recent steep rally. Shares of Greaves Cotton surged 53.82% in the past five sessions. In the past one year, the stock has surged 129.43% while the benchmark Sensex has added 23.44% during the same period. Source: greavescotton.com