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MTAR Technologies, Prataap Snacks, Exide Industries, Amara Raja, Vakrangee, Sagility India: Check top buzzing stocks of the day

Upstox
By Upstox News Desk

4 min read | Updated on December 20, 2024, 12:26 IST

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SUMMARY

Shares of MTAR Technologies were trading nearly 8% higher at ₹1,756.85 apiece on the BSE after the company informed exchanges that the company has received ₹226 crore of orders in the clean energy and aerospace segments.

Stock list

SAGILITY
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BHARTIARTL
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MTARTECH
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DIAMONDYD
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At 12:12 PM, the S&P BSE SENSEX was trading at 79,000.50 levels, down 217.55 points, or 0.27%.

At 12:12 PM, the S&P BSE SENSEX was trading at 79,000.50 levels, down 217.55 points, or 0.27%.

Stock market today: The equity benchmark indices were trading in negative territory in the noon deals on Friday, December 20.

At 12:12 PM, the S&P BSE SENSEX was trading at 79,000.50 levels, down 217.55 points, or 0.27%, while the broader NIFTY50 index was trading at 23,907.90, down 43.8 points, or 0.18%.

Here is a list of stocks that are buzzing in today's trade.
MTAR Technologies: Shares were trading nearly 8% higher at ₹1,756.85 apiece on the BSE after the company informed exchanges that the company has received ₹226 crore of orders in the clean energy and aerospace segments.

This includes ₹191 crore of orders for various products from Bloom Energy in the clean energy sector and ₹35 crore of orders from reputed customers in aerospace, including Rafael, IMI Systems, and IAI.

Furthermore, ₹225 crore of orders are expected to be executed within one year, and the balance of orders shall be executed by April 2026.

The order value reflects the company’s increasing market share in the clean energy and aerospace sectors, the company's press release said.

Bharti Airtel: The stock was trading 0.37% higher at ₹1,605.50 on the BSE after the telecom major said it had prepaid ₹3,626 crore to the Department of Telecom to clear all its liabilities for the spectrum it had acquired in 2016.

With this payment, Bharti Airtel has now prepaid all its spectrum dues with interest costs higher than 8.65%, the company said in a statement.

Prataap Snacks: Shares of Prataap Snacks were trading over 8% higher at ₹1,104.50 apiece on the BSE.
Exide Industries: Shares were trading flat with a positive bias at ₹440.25 apiece on the BSE in noon deals.

The stock earlier hit a high of ₹456.80 against the previous close of ₹439.95.

The stock rallied as Exide Industries informed exchanges that its wholly owned subsidiary, Exide Energy Solutions, and Hyundai Motor India Limited have entered into definitive agreements on the production and supply of battery cells for HMIL's electric vehicles dedicated to the Indian market.

Amara Raja Energy: Shares of Amara Raja Energy & Mobility (earlier Amara Raja Batteries) were trading nearly 1% higher in the morning deals on Friday, December 20.
The stock rallied after the company announced that Hyundai Motor India (HMIL) said it would equip its domestic product line-up with Amaron's battery technology. READ MORE
RBL Bank: Shares were trading over 4% lower at ₹157.70 apiece on the BSE. According to news reports, global brokerage Morgan Stanley has lowered its earnings projections for RBL Bank, cutting forecasts by 1% for fiscal 2025, 9% for fiscal 2026, and 2% for fiscal 2027.

This adjustment was attributed to challenges related to asset quality in the bank's credit card and micro-lending portfolios.

LTIMindtree: The stock was down over 3.5% at ₹5,998.90 on the BSE.
Vakrangee: Shares of Vakrangee were trading 6% higher at ₹34.04 apiece on the BSE.

The company, as per news reports, has partnered with Canara Bank to offer banking services. The last mile distribution platform announced on December 18 that these services will be offered through Vakrangee Kendra networks.

Sagility India: Shares were locked in the 5% upper circuit limit at ₹46.09 apiece on the BSE. As per news reports, foreign brokerage Jefferies expects the company to deliver a compound annual growth rate (CAGR) of 12% in revenue and 40% in profit over FY25-27, supporting a favorable earnings growth outlook and sustaining current price-to-earnings (PE) multiples.

The brokerage believes the company’s strong performance and financial improvements could help it maintain its valuation and appeal to investors over the next few years.

International Gemmological Institute: International Gemmological Institute shares were listed at ₹510 a unit on the National Stock Exchange (NSE) on Friday, a premium of 22.3% to the issue price of ₹417 apiece. READ MORE

About The Author

Upstox
Upstox News Desk is a team of journalists who passionately cover stock markets, economy, commodities, latest business trends, and personal finance.

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