Bajaj Finserv, Banking and Metal Stocks – here are top Buzzing Stocks today

This post was originally published on this site

© Provided by Zee Business

Benchmark indices managed to hold the morning gains and were trading more than 1% higher in Thursday’s noon deals. At 1:04 pm, the S&P BSE Sensex was trading 571.78 points or 1.108% higher at 52,770.29. The Nifty 50 index was trading 168.25 points or 1.08% higher at 15,800.35. 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:

Earnings Reaction

Bajaj Finserv: up 2.96%. The financial services company has reported a 31.5% YoY decline in the consolidated profit at Rs 832.77 crore for the quarter ended June 31, 2021. It had posted a profit of Rs 1,215.5 crore in the corresponding quarter of the last financial year. Besides, Bajaj Finserv Limited will invest Rs. 342 Crore in Bajaj Finserv Direct Limited, wholly-owned subsidiary of the Company. Bajaj Finance will invest Rs 284 crore. The investments would be in the form of Equity shares and/or Convertible Loans or Security into Equity Shares. Also, Bajaj Finserv will enter Asset Management Business soon. It has applied for a license to start an asset management company and is awaiting approval from SEBI.

Havells: Up 4.93%. Consumer electrical goods maker Havells India Ltd has reported a 269% YoY rise in the profits on a standalone basis at Rs 234 crore for the quarter ended June 30, 2021. It had posted a profit of Rs 63 crore in the same quarter of the last financial year.

Jubilant Foodworks: Up 11.58%. The food service company that operates QSR chains such as Domino’s Pizza and Dunkin Donuts has reported a profit of Rs 62.6 crore on a standalone basis for the quarter ended June 30, 2021. It had posted a loss of Rs 72.6 crore in the corresponding quarter of the previous financial year. During the quarter, Jubilant Food added 29 stores, which includes 20 new Domino’s stores.

ICICI Securities: Up 2.27%. The capital market company has reported a 61.1% YoY rise in the consolidated profit at Rs 311 crore for the quarter ended June 30, 2021. It had posted a profit of Rs 193 crore in the corresponding quarter of the previous financial year.

Gland Pharma: Up 7.42%. The pharma company has reported a 12% YoY rise in the consolidated profit at Rs 351 crore for the quarter ended June 30, 2021. It had posted a profit of Rs 314 crore posted in the corresponding quarter of the last financial year. Sequentially, the PAT grew 35% as it posted a profit of Rs 260 crore in the previous quarter ended March 31, 2021.

CEAT: Down 2.20%. The tyre company has reported a consolidated profit of Rs 23 crore for the quarter ended June 30, 2021. It had posted a consolidated loss of Rs 35.2 crore in the corresponding quarter of the previous financial year.

ICICI Prudential: Up 5.42%. The life insurance company has reported a net loss of Rs 185 crore for the quarter ended June 30, 2021, as compared to a profit of Rs 287 crore in a year-ago period. The net premium income grew 18.9% to Rs 6,602 crore compared to Rs 5,551 crore posted last year.

Syngene International: Down 1.50%. The innovation-led contract research, development and manufacturing organization has reported a 32.7% YoY rise in the consolidated profit at Rs 77 crore for the quarter ended June 30, 2021. It had posted a profit of Rs 58 crore in the corresponding quarter of the previous financial year.

ITDC: Up 0.91%. The state-owned hospitality, retail and education company has reported an 11% YoY fall in the consolidated profit at Rs 8 crore for the quarter ended June 30, 2021. It had posted a profit of Rs 9 crore in the same quarter last year.

Polycab: Down 3.80%. The manufacturers of cables and wires and allied products have reported a 35.9% YoY decline in the consolidated profit after tax at Rs 75.3 crore for the quarter ended June 30, 2021. It had posted a profit of Rs 117.5 crore posted in the corresponding quarter of the previous financial year.

Stocks in News

ITC: Up 0.07%. The government reportedly has plans to offload 7.93% of its stake in FMCG-hospitality-cigarette major ITC through Special Undertaking of the Unit Trust of India (SUUTI) as it looks to meet the ambitious disinvestment target of Rs 1.75 lakh crore for 2021-22. At the current valuation, the SUUTI value stands at Rs 20,185 crore.

IDFC (up 12.50%) and IDFC First Bank (up 2.64%): The Reserve Bank of India had allowed IDFC to exit the IDFC First Bank. IDFC Limited can exit as the promoter of ‘IDFC FIRST Bank Limited. Accordingly, the company can now exit as a promoter of IDFC First Bank, as the five year lock-in period has ended.

Granules India: Up 3.10%. Arm in Virginia, Granules Pharmaceuticals, Inc. Clears US FDA Audit.

UltraTech Cement: Up 1.01%. The cement maker is scheduled to post Q1FY22numbers today.

Bajaj Auto: Up 1.08%. The two-wheeler manufacturer is scheduled to post Q1FY22numbers today.

Biocon: Down 1.03%. The drug Biopharmaceutical Company is scheduled to post Q1FY22numbers today.

Mphasis: Up 0.68%. IT Service Management Company is scheduled to post Q1FY22numbers today.

ICICI Lombard: Up 3.21%. The insurance company is scheduled to post Q1FY22numbers today.

Bulk Deals

Just Dial: Down 0.39%. Promoter VS Mani sold 13.06 lakh shares @ 1020 (20.97% EQUITY). Reliance Retail Ventures Limited bought 13.06 lakh shares @ 1020 (20.97% EQUITY). Reliance Retail Ventures Limited bought 34.22% stakes of Just Dial between July 16, 2021, and July 20, 2021.

Jubilant Ingrevia: Up 6.63%. East Bridge Capital Master Fund Sold 38.2 Lakh Shares on (2.40% Stake). Reduces Holding From 8% to 5.61%.

Kirloskar Industries: Up 1.38%. India Capital Management Limited sold 48,739 Shares @ Rs 1701.29/ Share. 

Buzzing Stocks

AllCargo Logistics: Up 6.51%.

IB Housing: Up 3.53%.

IB Real Estate: Up 6.36%.

IOB: Up 4.71%.

Central Bank: Up 4.86%.

Angel Broking: Up 6.23%.

Sterling Tools: Up 4.62%.

PVR: Up 2.31%. 

Sudarshan Chemical: Up 2.39%. 

JK Paper: Up 3.49%.  

Muthoot Finance: Up 5.21%. 

Manappuram Finance: Up 8.45%. 

Metal Stocks: Moving Up. Stocks like SAIL – up 3.09%, Vedanta – up 2.79%, Hindalco – up 2.96%, NALCO – up 1.64% were trading higher. 

Hosiery Stocks: Moving up. Stocks like Lux Industries – up 5.35%, VIP Clothing – up 5%, Lovable – up 0.98%, Dollar Industries – up 1.92% were trading higher. 

Banking Stocks: Moving up. PSU Bank index – up 1.40% and private Bank index – up 1.32%.  

Real Estate Stocks: Moving up. Stocks like Purvankara – up 5.68%, IB Real Estate – up 6.74%, DLF – up 2.68%, Phoenix Mills – up 3.90%, Godrej Properties – up 15% were trading higher. 

Stocks at life high

Jubilant FoodWorks: Up 11.58%. Meanwhile, the stock touched the life high of 3,513 in the intraday trade earlier, today. 

ICICI Prudential: Up 5.42%. Meanwhile, the stock touched the life high of 661 in the intraday trade earlier, today. 

Gland Pharma: Up 7.38%. Meanwhile, the stock touched the life high of 4,110 in the intraday trade earlier, today. 

Apollo Hospital: Up 2.03%. Meanwhile, the stock touched the life high of 4,004 in the intraday trade earlier, today. 

L&T Technology: Up 3.29%. Meanwhile, the stock touched the life high of 3,568.90 in the intraday trade earlier, today. 

Mphasis: Up 0.72%.Meanwhile, the stock touched the life high of 2,450 in the intraday trade earlier, today. 

Gujarat Fluorochemicals: Up 3.56%. Meanwhile, the stock touched the life high of 1,647.65 in the intraday trade earlier, today. 

Lux Industries: Up 5.62%. Meanwhile, the stock touched the life high of 3,964 in the intraday trade earlier, today. 

Related Posts