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The Indian benchmarks made a gap up opening amid positive cues from global markets on Monday, December 13, 2021. In the early noon deals, the benchmarks were trading with marginal gains. At 12:19 pm, the S&P BSE Sensex was trading 91.32 points, or 0.16 per cent, up at 58,877.99, while the Nifty 50 index was trading 37.15 points, or 0.21 per cent, higher at 17,548.45. Meanwhile, certain stocks were in action in either direction based on reports linked to them. Here is a list of some of such stocks:
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Buzzing Stocks
SPARC: Up 8.06%.
Gujarat Alkalies: Up 4.74%.
Dixon Technologies: Up 4.45%.
Sterlite Technologies: Up 4.98%.
Tata Power: Up 2.83%.
Sigachi: Up 5.66%
VIP Industries: Up 5.72%.
Polycab India: Up 5.03%.
Linde India: Up 4.65%.
Mphasis: Up 3.67%.
JK Tyre: Up 2.45%.
Rallis India: Up 2.10%.
Shakti Pumps: Up 1.47%.
Siemens: Up 3.96%.
NTPC: Up 1.35%.
Wipro: Up 1.75%.
Asian Paints: Up 1.14%.
Tech Mahindra: Up 2.84%.
Birla Corp: Up 4.01%.
Aluminium Stocks: On a move. Stocks like Hindalco – up 2.79%; NALCO – up 3.54% and Vedanta – up 2.30%; were trading with gains.
Auto Stocks: On a move. Stocks like Tata Motors – up 1.50%; Tata Motors DVR – up 3.02%; Maruti Suzuki – up 1.45%; VST Tillers – up 2.26% and Ashok Leyland – up1.25% were trading with gains.
Auto Ancillary Stocks: On a move. Stocks like Minda Industries – up 5.73%; Bharat Gears – up 2.02%; Sona BLW Precision – up 2.48%; LG Balakrishnan – up 1.93%; FIEM Industries – up 2.21%; Jamna Auto – up 1.16% and Bharat Forge – up 1.24% among others were trading with gains.
Banking Stocks: On a move. Stocks like Axis Bank – up 3.04%; Yes Bank – up 2.08%; Bandhan Bank – up 1.71%; ICICI Bank – up 1.04%; Bank of Maharashtra – up 1.94% and RBL Bank – up 0.93% were trading with gains.
Broking House Stocks: On a move. Stocks like ICICI Securities – up 2.27%; Motilal Oswal – up1.93%; Angel One – up 1.61% and Geojit Financial – up 1.21% were trading with gains.
Fertilizer Stocks: On a move. Stocks like FACT – up 3.39%; SPIC – up 1.93%; GSFC – up 1.42%; Mangalore Chemical – up 1.44% and RCF – up 1.01% were trading with gains.
NBFC Stocks: On a move. Stocks like CreditAccess Grameen – up 4.93%; Piramal Enterprises – up 5.03%; Equitas Holdings – up 4.64%; Tourism Finance Corp – up 2.13%; Sundaram Finance – up 2.17%; Spandana Sphoorty – up 2.92% and AB Capital – up 1.81% among others were trading with gains.
Liquor Stocks: On a move. Stocks like Globus Spirit – up 3.38%; Tilaknagar Industries – up 2.19% and GM Breweries – up 1.46% were trading with gains.
Declining Stocks
Praj Industries: Down 2.39%.
Thermax: Down 2.43%.
PB Fintech: Down 4.62%.
Bajaj Finance: Down 2.68%.
Bajaj Finserv: Down 1.81%.
IDBI Bank: Down 2.50%.
Ramky Infra: Down 4.15%.
Coffee Day: Down 2.82%.
DFM Foods: Down 3.03%.
Apex Frozen: Down 1.81%.
Nestle: Down 1.19%
Block Deals
CAMS: Down 5.69%. Multiple deals of 20 lakh shares were made in a range of Rs 2,750-2,775.05 per share.
Power Grid: Up 1.46%. Multiple deals of 60 lakh shares were made at Rs 208.65 per share.
Renuka Sugar: Down 3.16%. Multiple deals of 35lakh shares were made.
SAIL: Up 1.51%. Multiple deals of 52 lakh shares were made.
Listing + IPO Update: Tega Industries Listing + MapmyIndia IPO + Metro Brands IPO + MedPlus Health IPO
Tega Industries Listing: Tega Industries had made a strong debut on the bourses on Monday, December 13, 2021. Shares of Tega Industries were listed at Rs 753 per share on the BSE against the issue price of Rs 453 per share. This was a gain of Rs 300 per share or 66.23 per cent. On NSE, the stock debuted at a price of Rs 760 per share against the issue price of Rs 453, which was Rs 307 or 67.77 per cent higher. The Rs 619 crore initial public offering (IPO) of Tega Industries closed on Friday, December 3, 2021, with 219 times subscription. The Qualified Institutional Buyers (QIBs) portion was subscribed 215 times (the Highest QIB subscription in the last decade). The Non Institutional Investors and Retail Individual Investors (RIIs) portion were subscribed 666 times and 29 times, respectively. The issue price for the shares is Rs 453 per equity share.
MapmyIndia IPO: The initial public offering (IPO) of C.E. Info Systems Limited, the operator of India’s leading map and navigation services provider – MapmyIndia, was subscribed 23.88 times by 12:11 pm on Monday, the third and last day for bidding for the issue. The Qualified Institutional Buyers (QIBs) portion was subscribed 6.17 times, while the Non-Institutional Investors (NII) and Retail Individual Investors (RIIs) portions were subscribed 78.27 times and 10.69 times, respectively. The price band for the public issue has been fixed at Rs 1,000-1,033 per share. The company has plans to raise up to Rs 1,039.6 crore through an offer for the sale of existing shares. Investors can bid for a minimum of 14 equity shares and in multiples of 14 equity shares thereafter. The IPO is entirely an offer for sale of up to 10,063,945 equity shares by existing shareholders.
Metro Brands IPO: The initial public offering (IPO) of ace investor Rakesh Jhunjhunwala-backed Metro Brands Ltd, was subscribed 0.37 times by 12:11 pm on Monday, the second day for bidding for the issue. The Qualified Institutional Buyers (QIBs) portion was subscribed 0.03 times, while the Non-Institutional Investors (NIIs) and Retail Individual Investors (RIIs) portions were subscribed 0.04 times and 0.73 times, respectively. The three-day initial share sale of the footwear retailer will close on Tuesday, December 14, 2021. The company has fixed a price band of Rs 485-500 per equity share as it has plans to raise up to Rs 1,367.5 crore through the public issue. The issue comprises a fresh issue of shares worth Rs 295 crore and an offer for sale (OFS) of up to 2,75,32,574 equity shares worth Rs 1,073 crore by promoters and other shareholders. A retail-individual investor can apply for a minimum of 30 equity shares and in multiples of 30 shares thereafter.
MedPlus Health IPO: The initial public offering (IPO) of MedPlus Health Services Limited, a pharmacy retailer, was subscribed 0.29 times by 12:14 pm on Monday, December 13, 2021, the first day for bidding. The Non-Institutional Investors (NII) and Retail Individual Investors (RIIs) portions were subscribed 0.02 times and 0.57 times, respectively. The portion reserved for employees was subscribed 0.09 times. The three-day initial share sale will close on Wednesday, December 15, 2021. The company has fixed a price range of Rs 780-796 per equity share as it has plans to raise up to Rs 1,398 crore from the primary market. A retail investor can bid for a minimum of 18 equity shares and in multiples thereafter. The pubic issue of the pharmacy retailer consists of the issuance of fresh equity shares worth Rs 600 crore while and an offer for sale (OFS) of equity shares aggregating up to Rs 798 crore by the promoter and existing shareholders.
Stocks in Focus
Antony Waste Handling Cell: Up 9.54%. Its material subsidiary, AG Enviro Infra Projects Private Limited has received the letter of intent for contract namely ‘door to door collection and transportation of municipal solid waste to a disposal site and operation and maintenance of equipment/machinery’ from the city – Sadar Paharganj Zone of North Delhi Municipal Corporation (NDMC). The approximate Project Revenue in 10 years is Rs 1,000 crore.
BLS International: Up 4.98%. The company announced today that it has signed a contract with the Embassy of India in Kuwait for consular, passport & visa services. The company is expected to process approximately 2,00,000 applications every year. BLS will be starting operations with three centres in Sharq, Fahaheel and Jleb Al Shuwaikh in Kuwait. The company will be providing consular, passport and visa services along with several value-added services like form filling, printing and photography for the convenience of applicants.
Gravita: Up 4.60%. The leading Indian multinational recycling company has today announced the operationalization of its new Battery recycling unit at Mundra Port, Gujarat. In Phase-I, 19,500 MTPA plant is strategically located at the Mundra Port and is equipped with state-of-the-art facility facilities including the latest technology and automated processes.
Vedanta: Up 2.33%. The Board of Directors of the Company has approved a Second Interim Dividend of Rs 13.50 per equity share on the face value of Re 1 per share for the Financial Year 2021-22. The record date for payment of dividends is Saturday, December 18, 2021. The interim dividend will be paid within stipulated timelines as prescribed under law.
Power Grid: Up 1.85%. The Board of Directors of the Company is scheduled to meet on December 15, 2021, to consider and approve Intimation for declaration of Interim Dividend for FY 2021-22. The company has fixed December 23, 2021, as the Record Date for the purpose of ascertaining the eligibility of the Shareholders for payment of Interim Dividend, if declared, by the Board of Directors.
Nazara Technologies: Up 5%. Nodwin Gaming Private Limited, a material subsidiary of Nazara Technologies Limited, has acquired of 10.26% equity stake on a fully diluted basis of Rusk Media Private Limited.
Minda Industries: Up 5.73%. The leading global manufacturer and supplier of proprietary automotive solutions have announced that it has entered into a Joint Venture agreement with FRIWO AG Germany, a leading international manufacturer of innovative power supply units and e-drive solutions, to combine their manufacturing prowess and technical expertise to manufacture and supply various electric vehicle components in the Indian subcontinent. Minda Industries Ltd will hold a majority stake of 50.1% in the joint venture entity. While joint venture plans to incur a CapEx of Rs 390 Crore over the next 6 years to support such growth in India, the outlay in the initial two years would be around Rs 160 crore. Minda Industries Ltd plans to invest Rs 71 crore in one or more tranches as an equity investment to partly fund the above expenditure. Besides, the Board of Minda Industries Limited (Flagship company of UNO Minda Group) has also approved expansion plans in its alloy wheel businesses considering increased demand for its alloy wheels from leading OEMs.
Globus Spirits: Up 3.38%. The company has resumed operations in the company’s plant located in Jandaha, Vaishali, Bihar, which was temporarily disrupted owing to flooding and waterlogging of the factory premises caused by heavy rains since August 15, 2021. The insurance amount claimed and realized by the listed entity for the loss/damage is Rs 3.74 crore.
Mirza International: Up 1.58%. The Board of Directors of Mirza International Limited has approved a composite scheme of arrangement of RTS Fashions Private Limited, Mirza International Limited and Redtape Limited. The Scheme is subject to the approval of BSE Limited, the National Stock Exchange of India Limited, SEBI, shareholders and creditors of the company and such other statutory authorities as may be required and sanction thereof by the NCLT.
Jubilant Industries Limited: Down 4.27%. The Company’s material unlisted Wholly-owned Subsidiary, i.e. Jubilant Agri and Consumer Products Limited (‘JACPL’), has temporarily closed down manufacturing activities at its plant located in Sahibabad, Uttar Pradesh, upon receipt of directions on December 9, 2021, from the Commission for Air Quality Management in National Capital Region and Adjoining Areas. The Company is seeking legal advice to represent and/or appeal before the Competent Authority or a Court of Competent Jurisdiction for challenging and setting aside the said Direction. All the other plants of JACPL are working properly.
Endurance Technologies: Down 2.69%. The company has commenced commercial production at its new plant at Waluj, Aurangabad, Maharashtra. The plant set up to manufacture braking systems will cater to the company’s esteemed OEM (original equipment manufacturer) customers. The plant set up to manufacture braking systems will cater to our esteemed OEM customers.
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