Domestic stock markets were trading over 0.40% higher in Thursday’s noon deals. At 1:00 pm, the S&P BSE Sensex was trading 213.94 points or 0.41% higher at 52,155.58 levels, while the Nifty 50 index was trading with a gain of 66.30 points or 0.42% at 15,70.65. 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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Bata: Buzzing and trading 4.52% higher. Footwear Retail Company has reported a 23.2% YoY drop in the consolidated profit at Rs 29.5 crore for the quarter ended March 31, 2021. It had posted a profit of Rs 28.4 crore in the corresponding quarter of the previous financial year.
KM Sugar Mills: Hits 10% upper circuit. The sugar manufacturer reported an 18% YoY drop in the consolidated profit at Rs 613 crore for the quarter ended March 31, 2021. It had posted a profit of Rs 7.5 crore in the corresponding quarter of the previous financial year.
Indraprastha Medical: Down 1.94% (NAKK Stocks). The company has reported a 132.3% YoY rise in the consolidated profit at Rs 15.1 crore for the quarter ended March 31, 2021. It had posted a profit of Rs 6.5 crore in the corresponding quarter last year.
Shivam Autotech: Down 4.97%. The Auto Parts Company has reported a consolidated loss of Rs 5.1 crore for the quarter ended March 31, 2021, compared to a loss of Rs 13.2 crore posted in the corresponding quarter of the previous financial year.
PTC India Financial: Down 6.11%. The company has reported a consolidated loss of Rs 53.6 crore for the quarter ended March 31, 2021. It had posted a profit of Rs 7.05 crore in the corresponding quarter of the previous financial year.
Stocks in News
Reliance Industries: Up 2.03%. It has raised Rs 13,281 crore through the first call of the partly paid-up equity shares. Besides, it informed that Fluidized Catalytic Cracker Unit (FCCU) in its SEZ refinery at Jamnagar had to be taken for an emergency shutdown on June 6, 2021.
Adani Enterprises: Up 0.42%. Adani Group has started a discussion to separate its airport business from the holding entity Adani Enterprises, reports. It has plans to bring an IPO of Adani Airports Holdings. It is expected to raise up to $50 crore (approx Rs 3,650 crore) through a private placement of shares in Adani Airports Holdings. It is targeting a valuation of Rs 25,000-29,000 crore for the business. Besides, it also preparing to raise up to Rs 7,000-7,500 crore through an IPO by Adani Wilmer. It can have a valuation of around Rs 58,000-65,000 crore. Adani Wilmar is a joint venture between the Adani Group and Singapore-based Wilmar.
Accelya Solutions: Buzzing and trading 6.96% higher. Accelya Group Bidco Limited, promoter of the company, proposed to sell up to 21.82 lakh equity shares through an offer for sales (OFS). The floor price for the offer shall be Rs 910 per share. The OFS will open for non-retail investors today and tomorrow for retail investors.
NELCO: Buzzing and trading above 10% upper circuit 11.97% higher. The company receives DOT approval for transfer of the internet service provider license and VSAT license from the amalgamating company, i.e. Tatanet Services Ltd to the Amalgamated Company, NELCO Ltd.
Affle India: Up 1.28%. Affle (India) Limited announced that its whole-owned subsidiary Affle International Pte. Ltd has approved 100% acquisition of Jampp (Ireland) Limited, a leading programmatic mobile marketing company. Jampp is a global platform that started in 2013 in Latin America (LATAM) and its largest teams continue to be based there. A total Consideration of USD 41.3 million, (including the contingent incremental consideration of USD 15.0 million to be paid over a period of 3 years).
Indiabulls Stocks: Buzzing with stocks like Indiabulls Real Estate- up 5.04%, Indiabulls Housing up 6.20%, Dhani Services up 3.47% were trading higher.
Logistics Stocks: Gaining. Stocks like Sical Logistics up 3.90%, Patel Integrated up 3.46%, Snowman Logistics up 1.75%, Allcargo Logistics – up 3.90% were trading higher.
Footwear Stocks: Buzzing with stocks like Liberty Shoes – up 5.18%, Mirza International – up 4.57%.
Shipping Stocks: Gaining and stocks like Mazagon Dock up 3.74%, Garden Reach Shipbuilders up 1.61% and Cochin Shipyard up 1.97% were trading higher.
Pharma Stocks: Buzzing and stocks like Biocon up 1.82%, Glenmark up 2.43%, Divis Laboratories up 2.75%, SPARC up 2.52% were trading higher.
Fisheries Stocks: Buzzing with stocks like Waterbase up 4.31%, Apex Frozen up 3.57%, Avanti Feeds up 2.83% were trading higher.
SG Group Stocks: Buzzing with stocks like CESC up 2.51%, Firstsource Solutions 4.06% and RPSG Ventures up 9.20% were trading higher.
Diagnostic stocks: Buzzing with stocks like Dr. Lal PathLabs up 7.33%, Metropolis up 6.79%, among others trading with gains.
Zuari Agro: Trading higher near the 20% upper circuit 19.96% up.
Gujarat Pipavav: Up 8.69%.
Deepak Fertilizer: Up 16.17%.
Redington (India) Ltd.: Up 2.83%.
Varun Beverages: Up 4.25%.
Hemisphere Properties: Up 4.22%. Gains 10% in five sessions.
Sanghi Industries: Up 5.32%. Result today.
Prestige Estates: Up 3.19%.
Asian Granito: Up 1.97%.
Angel Broking: Up 3.18%.
Polyplex Corp: Up 2.67%. It was our SIP stock on Monday.
MRPL: Up 2.61%.
Lux Industries: Up 2.91%.
UFLEX: Up 2.80%
Divis Laboratory: Up 2.78%.
Tata Consumers: Up 0.83%.
Easy Trip Planner: Up 41% in the last 10 trading sessions