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  1. Jupiter Wagons, cement stocks, Adani Ports, Mishtann Foods, Swiggy, PNC Infratech: Check top buzzing stocks of the day

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Jupiter Wagons, cement stocks, Adani Ports, Mishtann Foods, Swiggy, PNC Infratech: Check top buzzing stocks of the day

Upstox

5 min read | Updated on December 11, 2024, 16:24 IST

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SUMMARY

Shares of food delivery and quick commerce major Swiggy plunged 5% to ₹515.95 apiece on the BSE as investors booked profits after the one-month lock-in period for anchor investors expired.

Stock list

PNCINFRA
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ADANIPORTS
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MISHTANN
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SWIGGY
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JWL
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At 12:45 PM, the S&P BSE SENSEX was trading at 81,518.51, up 8 points, or 0.01%, while the NSE's NIFTY50 index was trading at 24,634.90, up 24.85 points, or 0.1%

At 12:45 PM, the S&P BSE SENSEX was trading at 81,518.51, up 8 points, or 0.01%, while the NSE's NIFTY50 index was trading at 24,634.90, up 24.85 points, or 0.1%

Stock market today: The equity bencharkidices were trading flat with a positive bias in the afternoon deals on Wednesday, December 11. 

At 12:45 PM, the S&P BSE SENSEX was trading at 81,518.51, up 8 points, or 0.01%, while the NSE's NIFTY50 index was trading at 24,634.90, up 24.85 points, or 0.1%.

Here is a list of stocks that are buzzing in today's trade
Jupiter Wagons, other railway stocks: Shares of railway companies skyrocketed in the trade amid hopes of a recovery in capital expenditure by the central government and key announcements in the Union Budget 2025.
Jupiter Wagons shares were trading over 11% higher at ₹553.70 apiece on the BSE. 
Shares of Titagarh Rail Systems climbed as much as 9.4% to ₹1,347.80 on the National Stock Exchange (NSE).

Indian Railway Finance Corporation (IRFC) stock jumped to 5.4% at ₹165.39 per share.

Swiggy: Shares of food delivery and quick commerce major Swiggy plunged 5% to ₹515.95 apiece on the BSE as investors booked profits after the one-month lock-in period for anchor investors expired.

Following the lock-in expiry, as many as 6.5 crore shares of Swiggy, or a 3% equity stake in the company, became eligible to trade, opening the doors for the investors to go ahead and sell 50% of their holdings.

The lock-in period for the remaining 50% of shares owned by anchor investors ends on February 9.

Avenue Supermarts: Shares of Avenue Supermarts, the owner of retail chain DMart, fell as much as 3% to ₹3,699.65 apiece on the BSE after Goldman Sachs, in its latest report, reiterated its bearishness on the retail major. 

According to news reports, the global brokerage firm has said that its competitive moat faces increasing pressure.

The brokerage added that DMart does not have any competitive advantage in fresh food categories in urban settings, and large sections of India's grocery market are not addressable by DMart. 

NTPC Green Energy: Shares of recently listed NTPC Green Energy jumped as much as 5.2% to ₹154.30 apiece on the BSE on Wednesday, December 11, as the company's wholly owned subsidiary NTPC Renewable Energy Limited (NTPC REL) won a significant order. 

In its filing to exchanges on Tuesday, NTPC Green Energy said, "NTPC Renewable Energy Limited (NTPC REL), a wholly owned subsidiary of NTPC Green Energy Limited, has emerged as a successful bidder in the e-reverse auction conducted by the Solar Energy Corporation of India (SECI) for the development of 2000 MW ISTS-connected solar PV power projects." 

Cement stocks: Cement stocks rallied in the trade, with shares rising up to 4.5% during intraday trading on the BSE, driven by price hikes undertaken by dealers after months of flat margins that had squeezed profitability for manufacturers.
HeidelbergCement led the gains, jumping 4.34% to an intraday high of ₹230.65, followed by Udaipur Cement Works, which rose 4.19% to ₹32.30. Star Cement advanced 3.74% to ₹202.20. READ MORE
PNC Infratech: PNC Infratech Ltd shares rallied more than 12% on Wednesday, December 11, after the company announced bagging a bonus for early completion of a ₹738 crore project in Uttar Pradesh.
The stock gained as much as 12.37% to hit an intraday high of ₹347.9 apiece on the NSE. More than 1.14 crore shares of the company traded on NSE. The traded value stood at ₹389.25 crore. READ MORE
Senco Gold: Shares of the company gained as much as 2.57% to ₹1196.05 apiece on the BSE as the company announced that its board has approved the opening of the issue of qualified institutional placement (QIP) of equity shares with the floor price of ₹1,139.49 per share.

The company plans to raise up to ₹500 crore via QIP. 

Sunflag Iron & Steel: Shares of the company jumped as much as 13.17% to ₹253 apiece on the BSE. The stock has gained over 24% in the past two weeks.
Adani Ports: Shares of Adani Ports and Special Economic Zone (APSEZ) were trading over 1% lower at ₹1,233.50 apiece on the BSE. The company has decided to withdraw its request for financing from the US International Development Finance Corporation (DFC) for the Colombo West International Terminal (CWIT) project in Sri Lanka, the company said in a regulatory filing on Tuesday.
Mishtann Foods: Shares of the company were trading over 6% higher at ₹9.50 apiece on the BSE.

The stock rallied today after hitting lower circuits for more than one session after SEBI restrained five entities, including Mishtann Foods and its promoter and CMD Hiteshkumar Gaurishankar Patel, from the securities markets till further orders for alleged financial mismanagement, fraudulent transactions, and corporate governance lapses.

HG Infra Engineering: Shares of HG Infra and Engineering jumped over 5% after the company received an LOA from the Ministry of Road and Transport for a project worth ₹763 crore.

Last seen, the stock was trading at ₹1,515.20 on the BSE, up 59 points, or 4.04% on the BSE. 

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