The domestic benchmarks edged higher on Thursdays 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:
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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 Indias 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.
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.
Credit AccessGrameen: Up 9.55%.
Gujarat Fluorochemicals: Up 8%.
Vodafone Idea: Up 5.68%.
Voltas: Up 4.54%.