Domestics stock markets erased the losses and moved to the green zone on Thursday’s early afternoon trade. At 12:37 pm, the S&P BSE Sensex was trading with a gain of 41.43 points or 0.08% at 54,411.20.
Domestics stock markets erased the losses and moved to the green zone on Thursday’s early afternoon trade. At 12:37 pm, the S&P BSE Sensex was trading with a gain of 41.43 points or 0.08% at 54,411.20. The Nifty 50 index was trading 13.30 points or 0.08% higher at 16,272.10. Both the indices hit new highs of 54,576.64 and 16,294.65 in morning deals. Meanwhile, certain stocks were in action in either direction based on reports linked to them. Here is a list of few such stocks:
Falling Stocks
Vodafone Idea: Down 13.33%.
IDFC First Bank: Down 5.03%.
IDFC Ltd: Down 2.95%.
Indus Tower: Up 3.72%.
Grasim: Down 1.15%.
Central Bank of India: Down 5.01%.
BOSCH: Down 4.05%.
CDSL: Down 0.78%.
Ashiana Housing: Down 2.14%.
Buzzing Stocks
Bharti Airtel: Up 6.22%.
Time Technoplast: Up 6.06%.
Infibeam Avenues: Up 4.28%.
JK Paper: Up 3.27%.
JK Tyre: Up 1.69%.
Stovekraft: Up 2.71%.
Eicher Motors: Up 2.91%.
Dr Lal PathLabs: Up 1.80%.
KPIT Technologies: Up 1.46%.
Happiest Minds: Up 1.83%.
SAIL: Up 2.84%.
Ratnamani Metal: Up 2.88%.
Stocks in News
Vodafone Idea: Down 13.33%. Kumar Mangalam Birla has stepped down as the non-executive director and non-executive chairman of Vodafone Idea from August 4, 2021. Board has elected Himanshu Kapania as the non-executive chairman. Board also appointed Sushil Agarwal as an additional director.
Aurionpro: Down 1.08%. Announces the launch of cloud-based Lending Platforms, ‘Smartlender Cloud’
Rain Industries: Down 1.58%. Rain Carbon Inc., a leading global producer of carbon-based products and advanced materials, today announces that the company has opened a state-of-the-art rubber lab at its production facility in Duisburg, Germany.
SBI Life Insurance Company: Up 1.09%. Meanwhile, the stock hit the life high at 1,175.70 earlier in the intraday trade today. Carlyle will sell its entire 1.9% stake in SBI Life Insurance company today at Rs 1,130-1,126.85 per share, as per the term sheet. Carlyle will be able to raise around Rs 2,150 crore through the sale.
Coforge: Up 1.08%. Hulst BV sold 33.5 lakh shares at 4738.67. Nomura bought 3.5 lakh shares at 4710/share.
Shipping Corporation of India: Up 3.23%. The board has approved the demerger of non-core assets into a new company, which will be listed on BSE and NSE. The demerger is aimed at facilitating an efficient divestment of the Shipping Corporation of India by the Government of India. Post demerger, the shareholders of the Shipping Corporation will get 1 share in the new company for every share they held in the state-run shipping company.
IPO Update
Devyani International IPO: The initial public offering (IPO) of Devyani International, the operator of fast-food majors Pizza Hut, KFC and Costa Coffee in India, was subscribed 3.82 times by 12:25 pm on the second day of subscription. The price band for the issue has been fixed at a price band of Rs 86-90 per share. The offer will be available till Friday, August 6, 2021. Devyani International aims to raise Rs 1,838 crore with the help of a fresh issue of equity shares worth Rs 440 crore and an offer-for-sale (OFS) of up to 155,333,330 equity shares worth Rs 1,398 crore by the promoter and existing shareholders.
Krsnaa Diagnostic Limited: The initial public offering (IPO) of Krsnaa Diagnostics Ltd, one of the fastest-growing diagnostic chains in India, was subscribed 2.88 times by 12:25 pm on the second day of subscription. The price band for the issue has been fixed at Rs 933-954 per share. The offer will be available till Friday, August 6, 2021. The company is planning to raise Rs 1,213 crore from the IPO that comprises of fresh issue of Rs 400 crore and an offer for sale of 85.25 lakh shares aggregating up to Rs 813 crore.
Windlas Biotech: The initial public offering (IPO) of Windlas Biotech, manufacturer of pharmaceutical formulations, was subscribed 4.52 times by 12:25 pm on the second day of subscription. The offer will be available till Friday, August 6, 2021. The price band for the issue has been fixed at Rs 448-460 per share. The company plans to raise Rs 401.53 crore at the upper price band from the IPO that comprises a fresh issue of Rs 165 crore, and an offer for sale of 51,42,067 equity shares by offer for sale. The offer for sale comprises a selling of 11,36,000 equity shares by Vimla Windlass, and 40,06,067 equity shares by Tano India Private Equity Fund II.
Exxaro Tiles: The initial public offering (IPO) of Exxaro Tiles, a leading manufacturer of vitrified tiles, was subscribed 6.74 times by 12:25 pm on the second day of subscription. The price band for the issue has been fixed at Rs 118-120 per share. The offer will be available for subscription till Friday, August 6, 2021. The Rs 161 crore initial public offer has an issue size is 13.4 million equity shares comprising 11.18 million fresh shares and an offer for sale of up to 2.23 million.
Earnings Impact
Titan: Down 0.32%. Tata Group’s Titan Company on Wednesday reported a net profit of Rs 61 crore for the quarter ended June 30, 2021, as against a net loss of Rs 270 crore posted in the year-ago quarter. Sequentially, the profit dropped 88.5% as the company posted a profit of Rs 529 crore in the previous quarter ended March 31, 2021.
HPCL: Down 2.66%. The state-owned Hindustan Petroleum Corporation Limited (HPCL) has reported a 40.5% QoQ decline in net profit at Rs 1,795 crore for the quarter ended June 30, 2021. It posted a net profit of Rs 3,018 crore in the previous quarter ended March 31, 2021.
Apollo Tyres: Down 0.95%. Gurugram-based tyre manufacturing company Apollo Tyres has posted a consolidated profit of Rs 127.8 crore for the quarter ended June 30, 2021, as against a consolidated loss of Rs 134.6 crore posted in the year-ago quarter. Sequentially, the profits dropped 51.3% as the company posted a profit of Rs 287.3 crore in the previous quarter ended March 31, 2021.
Hindalco: Up 0.12%. The aluminum rolling company will remain in focus today due as Novelis has declared its quarterly results and reported net income from operations at $24 crore for the first quarter of the fiscal year 2022 compared to a net loss of $7.9 crore in the prior-year period.
Sonata Software Ltd.: Up 2.70%. Meanwhile, the stock hit the life high at 884.40 earlier in the intraday trade today. The IT service management company has reported a 73.7% YoY rise in the consolidated profit at Rs 86.7 crore for the quarter ended June 30, 2021. It had posted a profit of Rs 49.9 crore in the same quarter last year.
Sumitomo Chemical India Ltd.: Up 1.98%. Meanwhile, the stock hit the life high at 459.90 earlier in the intraday trade today. The chemical company has reported a 33.1% YoY rise in the consolidated profit at Rs 105.7 crore for the quarter ended June 30, 2021. It had posted a profit of Rs 79.4 crore in the same quarter last year.
Vardhman Special Steels: Up 6.30%. Meanwhile, the stock hit the life high at 289 earlier in the intraday trade today. The producer of special & alloy steels has reported a consolidated profit of Rs 27.8 crore for the quarter ended June 30, 2021, as compared to a consolidated loss of Rs 12.8 crore posted in the year-ago quarter.
Tata Communications Ltd.: Down 1.15%.The telecommunications company has reported a 15.1% rise in the consolidated profit at Rs 297.8 crore for the quarter ended June 30, 2021. It had posted a profit of Rs 258.6 crore in the same quarter last year.
Nava Bharat Ventures: Down 11.56%. The ferroalloys manufacturer Nava Bharat Ventures has reported a 59.5% YoY decline in the consolidated profit at Rs 38.9 crore for the quarter ended June 30, 2021. It had posted a profit of Rs 96.1 crore in the same quarter last year.
Adani Total Gas Ltd.: Down 1.76%. The natural gas distribution company has reported a 266.4% jump in the consolidated profit at Rs 142.6 crore for the quarter ended June 30, 2021. It had posted a profit of Rs 38.9 crore in the same quarter last year.
Stocks at Life Highs
Tech Mahindra: Up 2.29%. Meanwhile, the stock hit the life high at 1,252 earlier in the intraday trade today.
Wipro: Up 0.78%. Meanwhile, the stock hit the life high at 614.50 earlier in the intraday trade today.
Trident: Down 4.97%. Meanwhile, the stock hit the life high at 22.65 earlier in the intraday trade today.
