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Market News

ITC, HDFC Bank, RIL, CSB Bank, Quess Corp, Piramal Pharma: Check top buzzing stocks of the day

Upstox
By Upstox News Desk

5 min read | Updated on December 17, 2024, 13:16 IST

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SUMMARY

Shares of ITC were trading more than 0.6% higher at ₹473 apiece on the BSE after the company announced it had set the demerger date for its hotel business as January 1, 2025.

Stock list

ITC
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HDFCBANK
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CSBBANK
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PPLPHARMA
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At around 12:30 PM, the S&P BSE SENSEX was trading at 80,983.84, down 765 points, or 0.94%

At around 12:30 PM, the S&P BSE SENSEX was trading at 80,983.84, down 765 points, or 0.94%

Buzzing Stocks: The Indian equity market was trading deep in the red in the afternoon deals on Tuesday, December 17. 

At around 12:30 PM, the S&P BSE SENSEX was trading at 80,983.84, down 765 points, or 0.94%, while the NIFTY50 index was trading at 24,436.50, down 232 points, or 0.94%.

Here is a list of stocks that are buzzing in today's trade. 
Vedanta: Vedanta shares were trading over 1% lower at ₹507.05 apiece on the BSE, a day after the mining major said its board has approved the fourth interim dividend of ₹8.5 per equity share for the financial year 2024-25, amounting to approximately ₹3,324 crore.

The fourth interim dividend will be paid to shareholders whose names appear on the company's register as of the record date of December 24, 2024, the company said.

ITC: Shares of ITC were trading more than 0.6% higher at ₹473 apiece on the BSE after the company announced it had set the demerger date for its hotel business as January 1, 2025.
RIL: Shares of Reliance Industries (RIL) slipped as much as 1.48% to ₹1,249.25 apiece on the BSE on Tuesday, December 17. The stock was the second biggest contributor to the SENSEX's sharp fall, behind banking behemoth HDFC Bank.

It has been a listless year for the oil-to-telecom conglomerate as weak financial results weighed on the sentiment.

Shares of the company have fallen over 3% on a year-to-date basis, or so far in the calendar year, 2024. READ MORE
HDFC Bank: HDFC Bank shares were trading 1.44% lower at ₹1,838 apiece on the BSE, a day after the lender received a second warning letter from the capital markets regulator, the Securities and Exchange Board of India (SEBI), within a week.

In an exchange filing on Monday, HDFC Bank informed that SEBI issued an administrative warning letter to the bank alleging non-compliance with the market regulator's listing regulations regarding the resignation of Arvind Kapil, the head of the bank's mortgage business.

The market regulator advised the bank to exercise due caution in the future and avoid the recurrence of such instances. "Failing which appropriate enforcement action may be initiated," it added.

CSB Bank: Shares of CSB Bank jumped as much as 8% to ₹331.7 apiece on the National Stock Exchange (NSE) on Tuesday, December 17, amid heavy volumes.

The private lender reported a 4% surge in its profit after tax (PAT) to ₹138.4 crore for the second quarter of the financial year 2024-25. In the year-ago period, CSB Bank posted a net profit of ₹133.2 crore.

Piramal Pharma: Shares of the company were trading over 5% higher at ₹263.95 apiece on the BSE. 

The pharma company reported over a four-fold increase in consolidated net profit at ₹23 crore for the second quarter that ended in September.

The Mumbai-based company had reported a net profit of ₹5 crore in the July-September quarter of last fiscal.

Revenue from operations rose to ₹2,242 crore in the second quarter as compared with ₹1,911 crore in the year-ago period. 

Gravita India: Shares of the company gained as much as 6.7% to hit a high of ₹2,390 apiece on the BSE. The company on Monday launched a qualified institutional placement (QIP) to raise ₹750 crore, with an option to upsize the issue. The company has received shareholder approval to raise up to ₹1,000 crore through the offering, CNBC-TV18 reported.
Quess Corp: The stock was trading 8.58% higher at ₹727.95 apiece on the BSE. Quess Corp specialises in workforce management, operating asset management, and global technology solutions. Founded in 2007 and headquartered in Bengaluru, India, Quess offers a comprehensive range of services, including staffing solutions, technology-enabled outsourcing, and digital platforms, to enhance client productivity across various industries.
Mankind Pharma: Shares of Mankind Pharma were little changed in the afternoon trade. The pharma company, in its filing to exchanges last evening, said that its board has approved the raising of funds aggregating up to ₹3,000 crore via qualified institutional placement (QIP).

The opening date of the issue was Monday, December 16. 

Further, the floor price for the issue is set at ₹2,616.55 per equity share, based on the pricing formula. 

SPARC: Shares of Sun Pharma Advanced Research Company (SPARC), on Tuesday, December 17, were trading over 2% lower at ₹225.40 apiece on the BSE in the afternoon deals on Tuesday, December 17. 

Earlier, in the morning, the pharma company announced the signing of a binding Letter of Intent (LOI) with the University of California, San Francisco (UCSF), through the office of OTMA, and Tiller Therapeutics Inc. (Tiller) to license SPARC’s rights in the joint intellectual property (IP) held between SPARC and UCSF for a pre-clinical oncology asset along with associated IP. 

The LOI outlines the key terms of the license and rights for development and commercialisation by Tiller.

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