Tatva Chintan IPO, Clean Science to Nahar Group Stocks – here are top Buzzing Stocks today

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The benchmark indices were trading with a loss of around 1% on Monday’s noon deals. At 1:21 pm, the S&P BSE Sensex was trading 554.05 points or 1.04% lower at 52,586.01. The Nifty 50 index was trading 159.30 points or 1% lower at 15,764.10. 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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Newly listed Stocks

GR Infrastructure: The road sector developer debuted on the bourses today at 1,715.85 against the IPO issue price of Rs 837 per share.

Clean Science: The shares of specialty chemical company debuted on the bourses today at 1,755.65 against the IPO issue price of Rs 900 per share. 

IPO Update

Tatva Chintan Pharma IPO: Specialty chemicals manufacturing company Tatva Chintan Pharma Chem’s Initial Public Offering was subscribed 9.70b by1:10 pm on the second day of subscription. The public issue will end on Tuesday, July 20, 2021. The company has fixed a price band at Rs 1,073-Rs 1,083 per equity share. Investors can put in bids for a minimum of 13 equity shares, in a single lot, and in multiples of 13 equity shares thereafter. The company is planning to raise Rs 500 crore through the offer. It comprises a fresh issue of Rs 225 crore and an offer for sale of up to Rs 275 crore by existing selling shareholders.  

Stocks in News

HDFC Bank: down 3.45%. The private sector lender has reported a 16% YoY rise in the profit at Rs 7,729 crore for the quarter ended June 30, 2021 (Q1FY22). It had posted a profit of Rs 6,658 crore in the corresponding quarter of the previous financial year

L&T Finance: Down 4.48%. The company offering a focused range of financial products and services has reported a 20% rise in the net profit at Rs 177 crore for the quarter ended June 30, 2021 (Q1FY22). It had posted a profit of Rs 148 crore in the corresponding quarter of the previous financial year (Q1FY21).

Just Dial (down 4.72%)/Reliance (down 0.36%): Reliance Retail Ventures Limited has announced the acquisition of a controlling stake in Just Dial Limited for a total consideration of Rs 3,497 crores. Reliance Retail Ventures Limited to hold 40.95% and would make an open offer to acquire up to 26.0% in accordance with takeover Regulations. Reliance executed definitive agreements for preferential allotment of 2.12 crore equity shares (equivalent to 25.33% post preferential share capital) at price per share of Rs 1,022.25. It acquired 1.31 crore equity shares from VSS Mani (equivalent to 15.62% post preferential share capital) at a price per share of Rs 1,020.00. VSS Mani shall continue as Managing Director and Chief Executive Officer to lead Just Dial through the next phase of growth. Besides, Just Dial also announced its June quarter numbers and reported a loss of Rs 3.5 crore for the quarter ended June 30, 2021. It had posted a profit of Rs 83 crore in the corresponding quarter of the previous financial year. Revenue from operations grew 1.9% YoY to Rs 165 crore compared to Rs 162 crore posted last year. It reported an EBITDA loss of Rs 17 crore for the period compared with an EBITDA profit of Rs 83 crore posted last year. Other income fell 70% YoY to Rs 23 crore compared to Rs 77 crore posted last year. Other expenses grew 4 times to Rs 70 crore compared to Rs 17 crore posted last year.  

Mangalam Cement: Up 4.78%. The stock hit the life high at 429.90 earlier in the intraday trade today. The cement producing company has reported a 189% YoY jump in the profit at Rs 40 crore for the quarter ended June 30, 2021 (Q1FY22). It had posted a profit of Rs 14 crore in the corresponding quarter of the previous financial year (Q1FY21). The revenue grew 57% YoY to Rs 356 crore compared with Rs 226 crore posted last year. EBITDA stood at Rs 82 crore, up 78% from Rs 46 crore posted last year. Margin improved to 23% in Q1FY22 compared to 20.4% posted in Q1FY21.

LIC Housing Finance: Down 1.79%. The Extra Ordinary Meeting (EGM) of the mortgage loan company is scheduled to be held today. LIC Housing Finance Limited has been denied permission to release the results of the voting on agenda at the upcoming Extra-Ordinary General Meeting (EGM). The matter is related to the preferential Issue of 4, 54, 00,000 equity shares to Life Insurance Corporation of India (LIC) at the upcoming EGM of the members of LIC Housing Finance Limited (The Company) on July 19, 2021. The exchanges—BSE and NSE — are investigating fulfilling conditions related to Article of Association.

BBQ Nation: Down 1.62%. The Extra Ordinary Meeting (EGM) of the company is scheduled to be held today. The leading casual dining chain in India has been denied to release the results of the voting on the agenda of the EGNM. The exchanges—BSE and NSE — are investigating fulfilling conditions related to Article of Association. The results will be released after the enquiry is completed.

Tata Power: Up 1.89%. Tata Power joins hands with HPCL to set up EV charging stations at its Petrol Pumps across the country.

Voltas: Down 0.81%. In the June quarter, LIC increased its stakes in the company from 4.82% to 5.09%. HDFC Life has increased its stake from 2.36% to 2.44%. SBI Life has reduced its stake o 1.05% from 1.08%. NALCO: Up 2.27%.LIC reduces the stake to 3.91% from 5.67%. New India Assurance Company Limited reduces stake to 1.03% from 1.06%. Hindalco reduces its stake – it was holding a 1% stake in March – now the name does not exist. Bharat 22ETF Holding stands at 3.42%. 

Havells: Up 1.90%. LIC reduced its stake to 4.17% from 4.86%. 

Bajaj Auto:  Down 0.56%. LIC increases stake to 8.33% from 7.95%. SBI Mutual Fund also increased its stake to 1.38% from 1.32%.

Hindalco: Down 0.86%. The government of Singapore reduced its stake to 2.51% from 3%. LIC reduced the stake to 8.39% from 9.04%. SBI Mutual Fund increased its stake to 3.28% from 3.1%.

Buzzing Stocks

Rossari Biotech: Up 7.76%.

Burger King: Up 3.41%.

Aarti Surfactants: Up 4.32%.

ICICI Securities: Up 1.21%.

BEL: Up 2.37%.

Edelweiss: Up 2.04%.

MCX: 3.06%.

Aster DM Health: Up 1.63%.

Sugar Stocks: Moving up. Stocks like Bajaj Hindustan – up 4.96%, Shakti Sugar – up 4.96%, Renuka Sugar – up 4.97%, Kothari Sugar – up 4.91% were trading higher.

Nahar Group Stocks: Moving up. Stocks like Nahar Poly – up 1.09%, Nahar Industrial – up 4.99% and Nahar Spinning – up 4.82%.  

BPO/KPO stocks: Moving up. Stocks like Datamatics – up 15.29%, Xchanging Solutions – up 17.49%, HOV Services – up 4.93%, First Source – up 0.78%. All of these stocks hit life high today in the intraday trade.

Falling Stocks:

HDFC Group Stocks: Under pressure with HDFC Bank – down 3.45%, HDFC Ltd – down 2.53%, HDFC AMC – down 3.35% and HDFC Life – down 1.50%.  

Stocks at Life Highs

Firstsource Solutions: Up 0.78%. Meanwhile, the stock hit a life high at 242.85 earlier in the intraday trade, today.

Mindtree: Down 0.49%. Meanwhile, the stock hit a life high at 2,793.55 earlier in the intraday trade, today.

Coforge: Down 0.48%. Meanwhile, the stock hit a life high at 4,663 earlier in the intraday trade, today.

Apollo Hospital: Up 3.01%. Meanwhile, the stock hit a life high at 3.917.05 earlier in the intraday trade, today.

Divi’s Laboratories: Up 0.98%. Meanwhile, the stock hit a life high at 4,823 earlier in the intraday trade, today.

Angel Broking: Up 6%. Meanwhile, the stock hit a life high at 1,475 earlier in the intraday trade, today.

Somany Ceramics: Up 3.17%. Meanwhile, the stock hit a life high at 700 earlier in the intraday trade, today.

Mahindra CIE: Up 1.40%. Meanwhile, the stock hit a life high at 259 earlier in the intraday trade, today.

Himatsingka Seide: Up 7.85%. Meanwhile, the stock hit a life high at 278.30 earlier in the intraday trade, today.

Dishman Carbogen: Up 5.37%. Meanwhile, the stock hit a life high at 232.80 earlier in the intraday trade, today.

CRISIL: Up 11.11%. Meanwhile, the stock hit a life high at 3,210 earlier in the intraday trade, today.

ICRA: Up 10.39%. Meanwhile, the stock hit a life high at 4,070 earlier in the intraday trade, today.

Prestige Estate: Up 3.41%. Meanwhile, the stock hit a life high at 348.45 earlier in the intraday trade, today.

FSL: Up 0.26%. Meanwhile, the stock hit a life high at 242.85 earlier in the intraday trade, today.

Radico Khaitan: Up 4.12%. Meanwhile, the stock hit a life high at 846.85 earlier in the intraday trade, today. A vertical spike was seen in the stock.

Navkar Corp: Up 3.66%. Meanwhile, the stock hit a life high at 54.75, earlier in the intraday trade, today.

DCM Shriram: Up 15.47%. Meanwhile, the stock hit a life high at 1,200 earlier in the intraday trade, today.

GIPCL: Up 5.60%. Meanwhile, the stock hit a life high at 97.90 earlier in the intraday trade, today.

Dishman Carbogen Amcis Ltd: Up 5.25%. Meanwhile, the stock hit a life high at 232.80 earlier in the intraday trade, today.

Orient Electric: Up 2.29%. Meanwhile, the stock hit a life high at 349.50 earlier in the intraday trade, today.

RSWM Ltd: Up 5.51%. Meanwhile, the stock hit a life high at 375.30 earlier in the intraday trade, today.

HSIL: Up 3.94%. Meanwhile, the stock hit a life high at 267.35 earlier in the intraday trade, today.

DLF: Up 0.03%. Meanwhile, the stock hit a life high at 338.80 earlier in the intraday trade, today.

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