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  5. Finolex Industries, Religare Enterprises, Greaves Cotton, Mamata Machinery, Star Cement, Sagility India: Check top buzzing stocks of the day

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Finolex Industries, Religare Enterprises, Greaves Cotton, Mamata Machinery, Star Cement, Sagility India: Check top buzzing stocks of the day

Upstox
By Upstox News Desk

4 min read | Updated on December 27, 2024, 13:36 IST

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SUMMARY

Shares of Greaves Cotton surged as much as 15.79% to hit a 52-week high of ₹272 apiece on the BSE. Recently, the company's material subsidiary, Greaves Electric Mobility, filed preliminary papers to raise funds via IPO.

Stock list

GREAVESCOT
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SAGILITY
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STARCEMENT
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RELIGARE
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At 01:14 PM, the S&P BSE SENSEX was trading at 78,834.42, up 362 points, or 0.46%

At 01:14 PM, the S&P BSE SENSEX was trading at 78,834.42, up 362 points, or 0.46%

Stock market today: The equity benchmark indices were trading with decent gains in the afternoon deals on Friday, December 27.

At 01:14 PM, the S&P BSE SENSEX was trading at 78,834.42, up 362 points, or 0.46%, while the NSE's NIFTY50 index was ruling at 23,845.35, up 95 points, or 0.4%.

Here is a list of stocks that are buzzing in today's trade.
Greaves Cotton: Shares of Greaves Cotton surged as much as 15.79% to hit a 52-week high of ₹272 apiece on the BSE. Recently, the company's material subsidiary, Greaves Electric Mobility, filed preliminary papers to raise funds via IPO.

The initial share sale will be a fresh issuance worth ₹1,000 crore and an offer-for-sale (OFS) of up to 51,000,000 by Greaves Cotton and up to 138,398,200 shares by Abdul Latif Jameel Green Mobility Solutions DMCC.

Gensol Engineering: The stock was trading over 6% higher at ₹757.95 on the BSE. The company on Thursday said it has secured a ₹897 crore contract from NTPC Renewable Energy for the development of 225 MW grid-connected solar projects.

The project is to be developed in EPC mode at GSECL Solar Park (Stage-III), Khavda, located in the Rann of Kutch, Gujarat, the company said in a regulatory filing.

This contract entails the development of 225 MW-AC (alternate current), equivalent to 276 MW-DC (direct current), grid-connected solar projects.

Finolex Industries: Shares of Finolex Industries were trading around 10% higher at ₹261 apiece on the BSE. As per reports, the company witnessed a volume of 3.35 lakh shares by 10:47 IST on BSE, a 6.55 times surge over the two-week average daily volume of 51139 shares.

Volumes stood at 35,190 shares in the last session.

Religare Enterprises: Shares of the company were trading nearly 6% lower at ₹283.55 apiece on the BSE.

In the latest development, the Madhya Pradesh High Court has stayed Religare Enterprises' annual general meeting that was scheduled for December 31 as well as the approval granted by the Reserve Bank of India to the Burman family to make an open offer to acquire an additional 26% stake in REL.

Mamata Machinery: Mamata Machinery, a limited manufacturer of machines used for making plastic bags, stood out as the stock was listed with a premium of nearly 147% on the stock exchanges.

Shares were listed at ₹600 apiece on the NSE, a premium of 146.91% to the issue price of ₹243 apiece. On the BSE, the stock debuted at a premium of 146.91% at ₹600 apiece.

DAM Capital Advisors: Shares of DAM Capital Advisors listed at a premium of 38.8% at ₹393 apiece on the NSE. The public issue was 81.8 times oversubscribed on the final day of subscription.
DAM Capital Advisors' initial share sale had a price band of ₹269-₹283 per share. READ MORE
NHPC: The stock was trading 0.67% lower at ₹81.50 on the BSE.

State-run hydropower giant NHPC on Thursday said the flash flood in October 2023 at the Teesta-V power station, Sikkim, resulted in a loss of ₹1,075.97 crore.

The company further noted that three units of 250 MW each of the Subansiri Lower hydro project will be completed by May 2025, and the remaining five units of 250 MW each will be completed by May 2026.

Jubilant FoodWorks: The stock was trading 0.51% higher at ₹707.25 on the BSE as the company has entered into a Memorandum of Understanding (‘MoU’) with Coca-Cola India.

The MoU contains the principal terms and conditions for purchasing a portfolio of sparkling beverage products and certain other products from The Coca-Cola Company's authorised bottlers and for conducting marketing activities (which will be undertaken in the usual/ordinary course) for the said products as defined in the MoU.

Star Cement, UltraTech Cement: UltraTech Cement has acquired an 8.7% stake in Star Cement for ₹851 crore, the company announced in a regulatory filing on Friday. Following the announcement, shares of Star Cement surged over 7% to ₹247.30 in early trade.

Last seen, shares of Star Cement were trading over 2% higher at ₹234.75 apiece on the BSE, while UltraTech Cement shares were trading 0.35% lower at ₹11,416.95 on the BSE.

Sagility India: Shares of newly listed Sagility India Ltd rallied for a ninth straight session to hit their all-time high of ₹53.86 apiece on the NSE on Friday. The stock was listed on the exchanges on November 12 at ₹31.06 apiece, up 3.53% against the initial public offering (IPO) price of ₹30 per share.

In almost one and a half months, the stock has shot up nearly 75% from its IPO price and up to 72.5% since listing.

About The Author

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