Sugar and Metal Stocks to MTAR Technologies – here are top Buzzing Stocks today

This post was originally published on this site

© Provided by Zee Business

The domestic benchmarks edged higher on Thursday’s noon deals and were trading more than 0.30% higher. At 1:02 pm, S&P BSE Sensex was trading with a gain of 190.15 points or 0.37% at 52039.63. The Nifty 50 index was trading 63.50 points or 0.37% higher at a fresh high of 15,639.70. Meanwhile, certain stocks were in action in either direction based on reports linked to them. Here is a list of few such stocks:

See Zee Business Live TV Streaming Below:

Sugar Stocks: Buzzing as the government has brought forward the target date for achieving 20 per cent ethanol-blending with petrol by two years to April 2023 to help reduce India’s dependence on costly oil imports. Stocks like Balrampur Chini Mills – up 3.83%, Dhampur Sugar – up 2.23%, Dwarikesh Sugar – up 2.42% among others were trading higher. 

Metal Stocks: Bouncing Back. The Nifty Metal index was trading 1.32% higher. Stocks like Adani Enterprises – up 3.63%, NMDC – up 1.80%, JSW Steel – up 1.34%, National Aluminium – up 1.17%, SAIL – up 1.07% and MOIL – up 033% among others were trading in green.  

Housing finance Stocks: In action again. 4th circuit on PNB housing and 20% circuit on Spandana Spoorthy. 

Real Estates stocks: In Action. Nifty Realty was trading 3.94% higher. Realty stocks like Oberoi Realty – up 7.71%, Phoenix Mills – up 7.53%, Mahindra Lifespaces – up 6.96%, Prestige Estate – up 6.06%, Sunteck Realty – up 4.34%, IB Real Estate – up 5.32%, DLF – up 2.77% Godrej Properties – up 1.79% and Sobha Ltd – up 2% were trading higher. 

Earnings Reactions 

MTAR Technologies: Up 2.63%. The manufacturing solution provider has reported a 102.3% YoY rise in the consolidated profit at Rs 18 crore for the quarter ended March 31, 2021. It had reported a profit of Rs 8.9 crore in the corresponding quarter of the previous financial year. 

NRB Bearing: Up 3.58%. Ball and roller bearing manufacturing company have reported 8 times YoY rise in the consolidated profit at Rs 35.5 crore for the quarter ended March 31, 2021. It had posted a profit of Rs 4.4 crore in the corresponding quarter of the previous financial year. 

Ratnamani Metal: Up 1.50%. The manufacturer of pipes & tubes has reported a 62.6% YoY rise in the consolidated profit at Rs 109.4 crore for the quarter ended March 31, 2021. It had posted a profit of Rs 67.3 crore for the corresponding period of the previous financial year. 

Panacea Biotec: Down 2.82%. The pharmaceutical company has reported a consolidated loss of Rs 54.1 crore for the quarter ended March 31, 2021. The company had posted a net loss of Rs 69.70 crore for the corresponding period of the previous financial year. 

Stocks in News

Ruchi Soya: Up 5% as it has diversified its product portfolio by entering into the Nutraceuticals & wellness products segment. The company has made a contract manufacturing arrangement with Patanjali Ayurved Limited (PAL) under which it will make nutraceutical products to be marketed under “Patanjali” and “Nutrela” branding in the medical, sports and general nutrition category. 

Tata Power: Up 0.69% Tata Power Solar receives EPC orders for Rs 686 crore from NTPC to set up Solar PV projects. The commissioning date for NTPC is set for November 2022.

Rossari Biotech: Up 2.52%. The speciality Chemicals manufacturer has said that its Board has approved the proposal to acquire 100% of the equity capital of Unitop Chemicals Private Ltd. The total consideration for the acquisition of a 100% equity stake is Rs 421 crore.

Buzzing Stocks

Credit AccessGrameen: Up 9.55%. 

Gujarat Fluorochemicals: Up 8%. 

Vodafone Idea: Up 5.68%. 

Voltas: Up 4.54%. 

Related Posts