Page 39 - Buzzing Stocks
Inox Green Energy makes dismal debut; lists at 8% discount over issue price
Post listing, the stock hit a low of Rs 59.55 on the NSE and BSE. At 10:02 am; it was trading at Rs 61.60, down 5 per cent against its issue price
 "Inox Green Energy makes dismal debut; lists at 8% discount over issue price")
Sensex up 92 points, Nifty holds 18,250; Financials soar, Adani Ent dips 3%
CLOSING BELL: SBI, Bajaj Finance gain, while Adani Enterprises slips in trade on Wednesday. Debutant Inox Green Energy ends at 9 per cent discount to its issue price.
 "Sensex up 92 points, Nifty holds 18,250; Financials soar, Adani Ent dips 3%")
RHI Magnesita extends rally, zooms 36% in one week; stock hits record high
On Saturday, November 19, the company announced acquisition of the Indian refractory business of Dalmia Bharat Refractories Limited (DBRL) for Rs 1,708 crore
 "RHI Magnesita extends rally, zooms 36% in one week; stock hits record high")
Stock of this beaten down fintech company zoomed 20% today on heavy volumes
Shares of Fino Payments Bank were locked in 20 per cent upper circuit at Rs 230.70 in Wednesday's intra-day trade
 "Stock of this beaten down fintech company zoomed 20% today on heavy volumes")
Adani Enterprises falls 3% as board to mull fund-raise on November 25
According to a Bloomberg report, the share sale for the fund raise could raise as much as $2.4 billion for the company
 "Adani Enterprises falls 3% as board to mull fund-raise on November 25")
HUDCO hits 52-week high on stable outlook; stock up 40% so far in November
Moody's Investor Service expects the HUDCO's liquidity and funding to remain stable over the next 12-18 months because of its status as a government-owned company
 "HUDCO hits 52-week high on stable outlook; stock up 40% so far in November")
Fertilizer shares in focus: RCF, GNFC, GSFC, NFL, Chambal surge up to 12%
Shares of RCF, NFL, GSFC, GNFC, Chambal Fertilisers, and Zuari Agro Chemicals were up between 5 per cent and 12 per cent
 "Fertilizer shares in focus: RCF, GNFC, GSFC, NFL, Chambal surge up to 12%")
Nykaa dips 3% a day after CFO Arvind Agarwal quits; stock nears record low
On Tuesday, private equity firm Lighthouse India sold 18.44 million equity shares worth of Rs 336 crore of FSN E-Commerce Ventures through a block deal.
 "Nykaa dips 3% a day after CFO Arvind Agarwal quits; stock nears record low")
Stocks to Watch: Nykaa, Vedanta, Adani Enterprises, Inox Green, Siemens
Stocks to Watch: Inox Green Energy Services will make its debut on the bourses today. The issue price has been fixed at Rs 65 per share
 "Stocks to Watch: Nykaa, Vedanta, Adani Enterprises, Inox Green, Siemens")
Sensex snaps 3-day losing streak, rises 274 pts; Paytm slumps 11%, PSBs up
CLOSING BELL: Shares of Paytm hit an intra-day low of Rs 474 apiece, and ended at Rs 475.
 "Sensex snaps 3-day losing streak, rises 274 pts; Paytm slumps 11%, PSBs up")
Hi-Tech Pipes surges 18% as board to mull fund raising on November 24
The board will meet to consider fund raising through preferential issue of security(ies) to the person belonging to promoter/promoter group/non promoter group category
 "Hi-Tech Pipes surges 18% as board to mull fund raising on November 24")
PSU Bank index soars 73% from June lows; UCO, BOI, Canara zoom up to 102%
In the past one month, the Nifty PSU Bank index has rallied 31 per cent as compared to a 2.8 per cent rise in the Nifty 50 index
 "PSU Bank index soars 73% from June lows; UCO, BOI, Canara zoom up to 102%")
Nykaa shares decline 5% for second straight day on heavy volumes
Since Nov 10, when the stock price of Nykaa turned ex-bonus and the lock-in period ended, investors as well as private equity firms have offloaded around 181 million equity shares
 "Nykaa shares decline 5% for second straight day on heavy volumes")
Easy Trip Planners zooms 40% in two days; stock hits all-time high
The stock had turned ex-date for 3:1 bonus issue, and 1:1 stock split on Monday
 "Easy Trip Planners zooms 40% in two days; stock hits all-time high")
Paytm hits new all-time low, stock tanks 26% in two weeks
Shares of Paytm hit a new low at Rs 483.30 on the BSE in Tuesday's intra-day trade, thus were now trading 77 per cent below the company's IPO price of Rs 2,150 per share.
 "Paytm hits new all-time low, stock tanks 26% in two weeks")
JK Paper jumps 4% on acquiring majority stake in Horizon Packs and SPPL
The shift in consumer preferences are driving demand for superior quality, eco-friendly packaging, JK Paper said.
 "JK Paper jumps 4% on acquiring majority stake in Horizon Packs and SPPL")
Kaynes Technology makes stellar debut, lists at 33% premium to issue price
The stock listed at Rs 778 on the NSE, a premium of 33 per cent over its issue price of Rs 587 per share.
 "Kaynes Technology makes stellar debut, lists at 33% premium to issue price")
Stocks to Watch: Reliance, Nykaa, NDTV, Kaynes Technology, PFC, JK Paper
Stocks to Watch: Kaynes Technology will make its debut today. The issue price is fixed at Rs 587 per share
 "Stocks to Watch: Reliance, Nykaa, NDTV, Kaynes Technology, PFC, JK Paper")
Escorts Kubota rallies 6%; nears record high on strong growth outlook
The management has laid out a target revenue of Rs 22,700 crore by FY28 driven by amalgamation with Kubota JVs, ramp-up of vehicle/component exports, and continuing growth in domestic businesses
 "Escorts Kubota rallies 6%; nears record high on strong growth outlook")
Sensex drops 519pts, Nifty below 18,200; Easy Trip up 20%, Archean Chem 12%
CLOSING BELL: Over 35 stocks fell on the Nifty50 index, led by Adani Ports, Hindalco, TCS, HDFC, Tech M, Reliance Industries, Hero MotoCorp, Infosys, Grasim, JSW Steel, and Bajaj Finance
 "Sensex drops 519pts, Nifty below 18,200; Easy Trip up 20%, Archean Chem 12%")