Domestic stock markets were trading in the red in midday trading Monday as earnings reserve surged higher. As of 12:43 p.m., the S&P BSE Sensex was trading 90.68 points or 0.15% at 58,925.21 while the Nifty 50 was trading down 58.25 points or 0.33% at 17,526.90. Meanwhile, certain actions were in action in either direction according to reports linked to them. Here is a list of some of these actions:
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Actions in News
RVNL: Up to 3.49%. The company has secured a contract worth Rs 1,035 million for the Madhya Pradesh Metro Rail Corporation.
Shipping Corporation of India: Up to 3.35%. The Ministry of Ports, Navigation and Inland Waterways approved the Draft Scheme Agreement of the Shipping Corporation of India for the spin-off of its complementary assets. The scheme calls for the formation / incorporation of a new wholly owned subsidiary as a ‘spin-off company’ for the spin-off of the company’s nonessential assets.
KEC International: Up to 4.05%. KEC International Ltd., a global infrastructure EPC company, has entered into a definitive agreement to acquire 100% of the share capital of Spur Infrastructure Private Limited for an enterprise value of Rs 62 million. The acquisition is expected to be completed within 60 days of the agreement date. Spur Infrastructure Private Limited, an Ahmedabad-based EPC company engaged in the installation of gas and gas pipelines across the country and city gas distribution networks.
Tata Communications: Up to 1.22%. Tata Communications offers pay-as-you-go functionality on Ethernet network services in India.
Delta Corp: Up to 1.73%. The Goa government has allowed casinos in the state to reopen. All casinos operated by the Company and its subsidiaries in Goa will resume operations as of September 20, 2021. With the opening of the casinos in Goa, all casinos operated by the Company and its subsidiaries (in Goa, Sikkim and Nepal ) and The Deltin, the hotel in Daman operated by the Company’s subsidiary, will be operational.
Nazara Technologies: Up to 2.62%. NODWIN Gaming, a material subsidiary of Nazara Technologies Limited, has acquired the adjacent games and intellectual property business from OML Entertainment for Rs 73 crore. This transaction allows NODWIN Gaming to expand gaming and electronic sports by taking advantage of the emerging synergies in gaming entertainment that a 14 to 30 year old is looking for. It enables the business to create IPs that are relevant to fans and more brand focused.
Zomato: Down 0.25%. The GST council has decided to impose 5% GST on food delivery platforms like Swiggy and Zomato. Apps will be responsible for collecting GST from restaurants they pick up orders from as of January 1, 2021. Cloud Kitchen has been considered a restaurant and will also be charged 5% GST. Additionally, Zomato Limited in its clarification on a news article titled “Zomato Co-Founder Gaurav Gupta Resigns Two Months After IPO”, said that Gupta is not designated as key management personnel under the Companies Act. 2013. He was not a promoter nor did he own shares. in the company. His departure from the company does not justify any disclosure.
Lupine: It was down 1.43%. The US FDA has completed an inspection at our Goa facility in India. The inspection was conducted from September 6, 2021 to September 18, 2021 and closed with seven observations. The company says it is confident of addressing the observations to your satisfaction and is committed to adhering to Good Manufacturing Practice standards at all of our facilities.
Cadila Healthcare: Down 0.31%. Zydus Cadila receives final approval from the USFDA for vortioxetine tablets in the strengths of 5 mg, 10 mg, 20 mg (US RLD: Trintellix tablets). Vortioxetines are used to treat depression.
Welspun India: It was down 0.49%. The Board approved a plan to increase the towel manufacturing capacity by 20%, that is, 16,600 MTPA in Anjar from 85,400 MTPA to 102,000 MTPA. The company is expected to invest Rs 656.5 crore for the aforementioned expansion during fiscal years 22 and 23. In addition, the Board of the wholly owned subsidiary viz. Welspun Flooring Limited has approved a CapEx of Rs 143.6 crore to be invested during FY22 and FY23.
VST cultivators: Down 1.27%. Launches new product VST 95 DI Ignito, India’s first 9HP electric start rototiller and broadest range of brush cutters.
BLS International: It was down 9.99%. A complaint was filed with the Delhi Police Cyber Cell against individuals sending unsolicited messages against the company.
Alkem Laboratories: It fell 1.20%. The circular resolution of the Company’s Board of Directors approved on September 16, 2021 approved the closure of operations at the Beta Block manufacturing plant (Unit II) located in Baddi. The Beta Block (Unit-II) manufacturing plant in Baddi primarily served the domestic injection market and was significantly under-utilized. To avoid operating expenses at Baddi, it is decided to suspend manufacturing operations at this facility, according to the closing date this facility will be used as a warehouse.
GMR infrastructure: Up to 8.40%.
LT Food: Up to 3.62%.
Shaman Lal Setia: Up to 3.24%.
RPG life: Up to 5.68%.
Bajaj holdings: Up to 5.22%.
Caplin Point: Up to 2.76%.
Infraconstruction Man: Up to 2.81%.
PVR: Up to 3.49%.
Leisure Inox: Up to 5.65%.
India Tourism Finance Corporation Ltd: Up to 4.32%.
GNFC: Up to 6.58%.
GSFC: Up to 5.35%.
Godrej Properties: Up to 1.87%.
Firstsource Solutions Ltd: Up to 1.15%.
ITC: Up to 1.10%.
Equitas Holding: Up to 1.67%.
Motilal Oswal: It was up 1.79%.
Escorts: Up to 0.95%.
IFB Industries: Up to 1.06%.
Stocks of mass consumer goods: Moving up Stocks like HUL – 2.27%; Emami, with an increase of 2.02% and ITC, with an increase of 2.12%, were traded at a profit.
Hotel Stock: Stocks like Indian Hotel – up 9.53%; Kamat Hotels: up to 6.31%; Taj GVK: increase of 8.99%; Hotel Oriental: increase of 3.86%; Mahindra Hotels: An increase of 2.74% was traded with profit.
Actions in life highs
Tata Elxsi: Up to 5.45%. Meanwhile, the company hit the all-time high of Rs 5,955 per share earlier in intraday trading today.
Polycab India: Up to 2.61%. Meanwhile, the company hit the all-time high of Rs 2,627 per share earlier in intraday trading today.