Concor, Hotel Stocks to Motherson Sumi - here are the top Buzzing Stocks today

Concor, Hotel Stocks to Motherson Sumi - here are the top Buzzing Stocks today  

The benchmark indices hit the intraday low during the early noon deals of Friday, March 25, 2022. At 12:48 pm, the S&P BSE Sensex was trading 248.27 points or 0.43% down at 57,347.41. The Nifty 50 index was 69.30 points, or 0.40%, at 17,153.45. Meanwhile, certain stocks were in action in either direction based on reports linked to them. Here is a list of some of such stocks:

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Buzzing Stocks

• Concor: Up 11.39%.
• GMDC: Up 5.25%.
• HEG: Up 6.23%.
• CreditAccess Grameen: Up 5.01%.
• Graphite India: Up 3.32%.
• JBM Auto: Up 3.48%.
• Godrej Construction: Up 2.63%.
• Tata Elxsi: Up 1.95%.
• Polycab India: Up 2.50%.
• Mangalore Chemical: Up 5.71%.
• Texmaco Rail: Up 12.31%.
• Nippon Life India: Up 2.19%.
• Bajaj Auto: Up 1.60%.
• Mahindra CIE: Up 1.21%.
• HSIL: Up 3.40%.
• Godrej Properties: Up 2.57%.
• Sundaram Clayton Ltd: Up 1.69%.
• IDBI Bank: Up 1.11%.
• Bank of Baroda: Up 1.51%.
• JM Financial: Up 6.51%.
• Motilal Oswal: Up 3.01%.
• Sagar Cement: Up 2.17%.
• Vijaya Diagnostics: Up 6.21%.
• Aster DM Healthcare: Up 3.57%.
• Poly Medicure: Up 3.52%.
• Bata India: Up 1.70%.
• Chemical Stocks: On a move. Stocks like GFL Limited - up 20%; Orient Abrasives - up 4.03%; Chemcon Speciality - up 6.71%; Kanoria Chemicals - up 4.98%; Anupam Rasayan - up 2.42%; Meghmani Organics - up 2.88% and India Glycols - up 2.10% were trading with decent gains.

Reopening Theme

• Inox Leisure: Up 7.69%.
• PVR: Up 4.81%.
• Mahindra Holidays: Up 2.22%.
• InterGlobe: Up 3.89%.
• Hotel Stocks: On a move. Stocks like ITDC - up 4.53%; Kamat Hotels - up 4.59%; Indian Hotels - up 7.39%; Lemon Tree - up 8.48%; Oriental Hotels - up 6.45% and Royal Orchid - up 5.18% were trading with decent gains.

Falling Stocks

• AU Small Finance Bank: Down 3.02%.
• Craftsman Automation: Down 2.98%.
• Deepak Fertilizers: Down 2.90%.
• Asahi Songwan: Down 4.73%.
• Kaveri Seeds: Down 2.60%.
• Jain Irrigation: Down 2.05%.
• Aptus Value: Down 1.78%.
• Aavas Financiers: Down 1.48%.
• Dollar Industries: Down 2.46%.
• Page Industries: Down 1.88%.
• Lux India: Down 1.55%.
• Shalby: Down 1.61%.
• Bajaj Electricals: Down 1.47%.
• JOCIL: Down 5.27%.
• Fortis Health: Down 1.75%.
• Rossari Biotech: Down 1.74%.
• Tatva Chintan: Down 1.39%.
• Sunteck Realty: Down 1.75%.
• Macrotech Developers: Down 1%.
• Auto Stocks: Under Pressure. Stocks like Maruti - down 2.07%; Hero MotoCorp - down 1.34%; Eicher Motor - down 1.28% were trading in the negative territory.
• FMCG Stocks: Under Pressure. Stocks like Godrej Consumer - down 1.58%; Nestle India - down 1.49%; Tata Consumer - down 1.38%; ITC - down 1.35% and P&G Hygiene - down 1.72% were trading in the negative territory.
• Pharma Stocks: Under Pressure. Stocks like Lupin -down 2.31%; Zydus Life - down 2.08%; Cipla - down 2.05%; Glenmark -down 1.84% and Torrent Pharma - down 1.82% were trading in the negative territory.
• Consumer Durables Stocks: Under Pressure. Stocks like Titan - down 3.46%; Rajesh Exports - down 2.70%; Voltas - down 1.86%; Crompton Greaves - down 1.65%; TTK Prestige - down 1.16% and Relaxo - down 1.03% were trading in the negative territory.
• Oil & Gas Stocks: Under Pressure. Stocks like IGL - down 2.61%; GSPL - down 2.03%; IOC - down 1.45%; Gujarat Gas - down 1.40% and MGL - down 1.15% were trading in the negative territory.

FPO Update

• Ruchi Soya: Patanjali-backed FMCG company Ruchi Soya Industries follow-on public offering (FPO) was subscribed 17 per cent by 12:38 pm on the second day for bidding with total applications coming in for 83,94,162 equity shares against 4,89,46,260 equity shares. The portion set aside for Retail Individual Investors (RIIs) was subscribed 0.29 times. The Qualified Institutional Buyers (QIBs) and Non-Institutional Investors portions were subscribed 0.03 times and 0.07 times. The portion reserved for the employees was subscribed 2.84 times. Edible oil maker Ruchi Soya Industries launched its follow-on public offer (FPO) worth up to Rs 4,300 crore on Thursday, March 24, 2022, which will close on March 28, 2022. It has fixed a price band of Rs 615-650 for this FPO.

Stocks in News

• Motherson Sumi: Up 2.15%. Auto components major Motherson on Thursday said it has bagged an order from Boeing to manufacture and supply aftermarket moulded polymer parts for commercial aeroplane interiors. This is the first order for Motherson from Boeing and will commence from the third quarter of FY23. It will be produced at a plant situated in Noida, the company said in a statement. Besides, Motherson Sumi Wiring India will be listed on bourses on March 28, 2022. 
• Jindal Photo Limited: Up 4.98%. The company's voluntary delisting offer has failed as it did not exceed 90% of the total issued Equity Shares. The indicative price for delisting stood at Rs 269. 
• Religare: Up 2.97%. The Board of Directors of the Company on Thursday on order to expand the financial service's footprint to ensure that the Company and the Group can take advantage of the favourable market conditions and become a 360-degree financial services conglomerate; leveraging its existing business strengths, has approved entering into new business segments (i.e. Debt Management Services, Asset Reconstruction, Insurance Broking & Alternate Investment Fund), subject to requisite regulatory approvals as may be applicable. The Company will be undertaking said businesses in separate entities to be formed under the Company in due course.
• Eicher Motors: Down 1.28%. VE Commercial Vehicle (VECV), a joint venture between Eicher Motors and Volvo Group, reportedly, can make a separate unit for commercial electric vehicles. VECV would be open to private equity funding.
• Gulshan Polyols: Down 3.92%. The Board of Directors of the Company on Thursday approved the allotment of 24,16,000 Equity shares to eligible QIB at the issue price of Rs 326.48 per equity share (at a 15.6% discount on the current market price of Rs 386.75 per share). The company has fixed the floor price of Rs 343.66 per equity share for an aggregate of Rs 78.87 crore to be allotted to eligible qualified institutional buyers in the QIP. The Issue opened on March 21, 2022, and closed on March 24, 2022.  
• Tata Consumer Products: Down 1.38%. The Board of Directors of the Company is scheduled to meet on March 29, 2022, to consider the issue of equity shares of the Company by way of preferential allotment, of up to 1.5% of the paid-up share capital of the Company, to a foreign company.
• Paytm: Down 2.81%. RBI, reportedly, will review the company's business model of payment aggregators due to the alleged fraud of unauthorized sharing of financial data of customers that were reported recently. 

Fund Action  

• Kotak Mahindra Bank: Up 0.69%. the University of California bought 1.12 crore shares at Rs 1,699/share. Canada Pension Plan Investment Board sold 4 crore shares at 1,700/share (Rs 6,800 crore). 
• Kalpataru Power: Up 2.65%. SBI Funds Management has bought 14.5 lakh shares of the company via the open market on March 23, 2022. With this, it has raised its stakes in Kalpataru Power from 6.27% to 7.25%. 
• Shaily Engineering: Up 5.26%. Lighthouse India III Equity Investors Ltd and PAC have bought 2.48 per cent stakes of the company via open market on March 24, 2022. With this, it has raised its stakes in Shaily Engineering from 6.62% to 9.1%.