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The buzzing stocks trending in India

The buzzing stocks in the news today

Reliance Industrial Investments and Holdings Limited is a wholly-owned subsidiary of Reliance Industries. They have agreed to acquire the issues of Columbus Centre Corporation (Cayman. They plan on acquiring the entire issued share capital of the said company. This company was formed in the Cayman Islands. The company is also the indirect owner of Mandarin Oriental New York with a 73.37 percent stake.

The New York hotel is a premium luxury spot worth $98.15 million. Tata Steel held a 26% of stake in Medica TS Hospital Private Limited. It is a joint venture company. The stakes of Tata are now increased to 51%. They converted their optionally convertible debentures. The turnover of the hospital last year was ₹34.98 crore. It is a very important part of the Kalinganagar operations. These operations are a part of a company in Odisha that services the community on a big platform.

Buzzing Stocks: RIL, Tata Steel, SBI, Shree Cement and others in news today

The DMart or the Avenue Supermarts had a net profit of ₹552.56 crores in 2021. The company had a net profit of ₹446.97 crores in 2020. The total income of the company is ₹9,243.72 crore. The managing director & the CEO of the CSB Bank has asked for early retirement. The retirement was approved by the Board of Directors for the CEO to look after his health. He will continue to be a part of the office till 31st March.

There is a positive opening for the Indian Markets with SGX Nifty. The technology development board in New Delhi had offered ₹1.35 crore to Jyoti for settlement. The same was accepted. There were six monthly installment cheques post-dated and of an equal amount. The cheques started on January 14th. The agreement between them was signed on January 7th. The company has taken funding for a project regarding a wind turbine from TDB. That is the reason for their settlement. The company has now offered a one-time settlement for the remaining amount.

TBD has accepted to take the OTS for the balance amount. The company has the liquidity to pay the same amount in monthly installments. Due to the increase in the cases of Covid many Indigo passengers are re-thinking their travel plans. Indigo has decided to waive off the change fees. It is offering free changes to the existing and new bookings between the dates of 31 January- 31 March 2022. Indigo has also decided to withdraw some of its flights due to the reduced demands from the customers.

STOCKS IN NEWS | Buzzing Stocks Today | Trading Guide Before Opening Bells  - YouTube

Bharat Road Network Ltd owns the Solapur Tollways Private Limited (STPL). It has received a notice from the National Highways Authority of India concerning collecting toll fees. The Concessionaire doesn’t have the right to collect revenues or toll fees for six months starting from 7th January. Equitas Small Finance Bank and Equitas Holdings have appointed SBI Capital Markets Ltd for financial advice. They wanted to advise on the sale or the buy-out of the Equitas Technologies Private Ltd. SBI Capital Markets Ltd is still under the process of making that decision.

It is identifying the potential buyers for the shares of the company to complete the transaction. A long-term off-take agreement is executed by Gulshan Polyols. To set up an ethanol plant. It will be located at the Industrial Growth Centre, Malia, District Goalpara. The plant will have 250 KLPD. It will be set in ethanol deficit states. It will supply the Oil Marketing Companies. It will provide them with Indigenous Denatured Anhydrous Ethanol. It is taken forwards due to the Ethanol Blending Petroleum Programme. The program requires the ethanol requirements to be 20% blending by 2025.

Buzzing Stocks: IEX Shares Zoom After Posting 58 Per Cent YOY Growth,  Biocon Declines Over 4 Per Cent

Rice, corn, or a maize combination will be used. The agreement was entered on 15th January and is valid for a period of ten years. It is executed by the IOCL, BPCL & HPCL. They will take 3.96 crore liters per annum of ethanol.JBM Auto Limited owns the JBM Electric Vehicles Private Limited. The owner company has acquired a 51% share in Parenteral Drugs JBM Green Energy Systems Private Ltd and JBM EV Industries Private Ltd. It was executed on 7th January. They have now become the indirect subsidiaries of the owner company.

The one-time settlement agreement has changed. The same has been observed by the BOD of Parenteral Drugs. The terms were changed as per the circular resolution. The amount accepted has been increased from₹135 crore to ₹154 crores. The plant of Synthetic Organic Chemicals in Vadodara will expand. The State Level Environment Impact Assessment Authority for Environment Clearance had sent a letter to Diamines and Chemicals regarding the same. Four new resolution plans have been presented to Sical Logistics Ltd .

After these plans are reviewed, a compliant resolution plan will be presented by the resolution professional to the Committee of Creditors. The committee will decide the case further. A joint venture agreement was carried out between Dixon, Beetel Teletech Limited, and Dixon Electro Appliances Private Limited. The same was announced earlier by Dixon Technologies, India. They also entered into a share subscription agreement on the same date. According to the agreements, Dixon will have 51% shares in the JV Company. The remaining 49% will be owned by Beetel.

Fresh equity shares were allotted to both these companies by the JV Company. A sale deed and other related documents were approved by the Board of directors of WS Industries India Ltd. These documents were regarding the transfer of immovable property from Porur to Vidagara Tech Park Private Limited. The property measures up to 6.58 acres of land & the deed are completed for an amount of ₹141.80 crores. The operations of Zuari Agro Chemicals Ltd’s NPK B Plant were resumed after they announced shutting down the company. The company is situated at Zuarinagar, Goa.

 

Nifty 50 increased by a total of 156 points at 16,770. BSE Sensex increased by 497 points at 56,319. The market has shown an upside bounce after being red all week. The last couple of sessions had only seen a downward fall due to the crisis going on o an International level. The final issue price for Metro Brands is decided at Rs 500 for one share. The company will make its debut soon. ITC has raised it is holding up to 27.34% in Delectable Technologies. The Azgo app, consumer goods, vending machines that sell snacks are all operated by the company.100 crore equity shares were bought back for Rs 1,000 crore by JSW Energy.

The company is a wholly-owned subsidiary of JSW Energy (Barmer) Ltd. 18,96,948 equity shares for Rs 84.76 per share were bought by Nirmal Kumar Bathwal in the company Filatex India. 28,81,000 equity shares were sold at the rate of Rs 81.3 per share by the Penguin Trading & Agencies at NSE. Manappuram Finance has decided on issuing bonds for its company and plans on raising Rs 500 crore. During an open market transaction, 2.03 % stakes were acquired by Dalal Street veteran Radhakishan S Damani and some other people in India Cements.

Their shareholding in the company has now increased up to 22.76 % from 20.73%.CSB Bank is an agency bank as per RBI & it will take the general banking business of the central & state governments. The case of alleged insider trading filed against Dish TV is disposed of by the SEBI. Visagar Polytex will issue the proposal for equity shares to raise funds to their shareholders. It will be carried out through rights issues. The issue of bonus equity shares of M K Exim was approved by the company. The same was approved in the proportion of 2:1. Two equity shares for every one equity share.

All of the shares were priced at Rs 10. The Aditya Birla Sun Life Mutual Fund has collected Rs. 2,200 crore. The funds have been collected from over 1.18 lakh applications. The funds were collected based on an open-ended equity scheme that followed a business cycle investing theme. More than 1% loss was faced by Domestic equity barometers. The buzzing stocks were GNFC which was up by 15.14%. The GMDC was up by 1.89%. The NLC was up by 4.55%. The MAS Finance was up by 7.48%. The blue star was up by 4.96%. Infibeam Avenues increased up to 2.21%. KEC International increased by 2.84%.

IRCTC, Metal Stocks to Nykaa IPO - Here are top Buzzing Stocks today | Zee  Business

NTPC is up by 1.34%. Power Grid is up by 1.93%. Coal India has increased by 1.15%. Jain Irrigation is up by 2.77%. Aries Agro has increased by 1.37%. Indigo and SpiceJet have also increased to 10.20% and 1% respectively. Godrej Properties is increased by 2.73%. The board of the company has decided that it will not proceed with a further evaluation of an investment in the equity capital. However, the company may still explore its possibilities. Gulf Oil Lubricants is up by 3.02%.

The board of the company has decided to meet and approve the un-audited financial results for its third quarter. It is also considering buying back its fully paid-up equity shares at Rs 2/share. FDC is up by 5.01%. The company will look into the  Limited Review Reports along with the financial results of the company. The company is also planning on buying back its fully paid-up equity share capitals through the Tender Offer route.

The company will calculate the aggregate of its paid-up capital shares and its free reserves and then will decide upon the amount. Dr. Reddy’s is down by 1.64%. It is the country’s prime drug regulator. It has also granted permission for the single dose of Sputnik light which is a vaccine for Covid in India. The Health Minister said it is the 9th Covid vaccine in India.

edited and proofread by nikita sharma 

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