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  5. SpiceJet, DOMS Industries, IPCA Laboratories, IOL Chemicals, Lupin, Zaggle Prepaid, ITC: Check top buzzing stocks of the day

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SpiceJet, DOMS Industries, IPCA Laboratories, IOL Chemicals, Lupin, Zaggle Prepaid, ITC: Check top buzzing stocks of the day

Upstox
By Upstox News Desk

5 min read | Updated on December 19, 2024, 13:32 IST

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SUMMARY

SpiceJet shares jumped nearly 9% to ₹61.30 apiece on the BSE on Thursday after the cash-strapped airline announced an amicable settlement with aircraft lessor Genesis to resolve a dispute worth over $16 million.

Stock list

IOLCP
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ITC
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DOMS
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ZAGGLE
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At 1:18 PM, the S&P BSE SENSEX was trading at 79,261.22, down 921 points, or 1.15%

At 1:18 PM, the S&P BSE SENSEX was trading at 79,261.22, down 921 points, or 1.15%

Stock market today: The domestic equity market was trading over 1% lower in the afternoon deals on Thursday, December 19.

At 1:18 PM, the S&P BSE SENSEX was trading at 79,261.22, down 921 points, or 1.15%, while the NSE's NIFTY50 index was trading at 23,943.25, down 255.6 points, or 1.06%.

Here is a list of stocks that are buzzing in today's trade.
SpiceJet: SpiceJet shares jumped nearly 9% to ₹61.30 apiece on the BSE on Thursday after the cash-strapped airline announced an amicable settlement with aircraft lessor Genesis to resolve a dispute worth over $16 million.

As part of the agreement, SpiceJet will pay $6 million in cash and issue $4 million worth of equity to Genesis at a price of ₹100 per share.

The settlement includes the withdrawal of all ongoing litigations and disputes related to the matter, subject to fulfillment of the agreed terms, the airline said in a statement. READ MORE
DOMS Industries: Shares of DOMS Industries fell as much as 6.97% to ₹2,842.30 apiece on the BSE on Thursday, December 19, after Italian stationery maker FILA on Wednesday said it had initiated the sale of up to 4.57% of shares in its Indian unit DOMS.

The stake sale is being conducted through an accelerated book building (ABB) process starting on Wednesday, offering up to 2,773,407 ordinary shares in the Indian firm, FILA said.

IPCA Laboratories: Shares of IPCA Laboratories rallied as much as 5.35% to ₹1,594.25 apiece on the NSE on Thursday, December 19.

Usha Madhukar Chandurkar, one of the promoters of IPCA Laboratories, on Wednesday divested a 1.6% stake in the pharmaceutical company for ₹600 crore through an open market transaction.

ITC Ltd: Shares were trading over 0.7% lower at ₹467.25 apiece on the BSE after the company on Wednesday announced that it had obtained the stakes of 2.44% of EIH Limited’s shares and 0.53% of HLV Limited’s shares, bringing its total stakes to 16.13% and 8.11%, respectively.

On Wednesday, the diversified conglomerate announced that it has set January 6, 2025, as the record date for the much-awaited demerger of its hotel business.

Asian Paints: Shares of Asian Paints Ltd. dropped over 3% in early trade on Thursday, December 19, to hit a 52-week low after the company announced that two of its top executives had resigned.

Asian Paints stock declined as much as 3.4% on the National Stock Exchange of India (NSE) to ₹2,265.35 on Thursday. Notably, this is the fourth straight session of decline for the share price. Meanwhile, the stock is down over 8% so far this month and more than 32% in 2024.

On Wednesday, Asian Paints announced that Shyam Swamy, vice president of home improvement, and Vishu Goel, associate vice president of retail sales, have resigned due to “personal reasons.” The announcements were made through two separate stock exchange notifications.

IOL Chemicals: The stock was trading 7.67% higher at ₹437.10 on the BSE. The stock rallied as the company informed exchanges that its board would meet on December 27, 2024, to consider and approve a subdivision or split of existing equity shares of the company.
Lupin: The stock was trading 2.57% higher at ₹2,152.60 on the BSE. In a BSE clarification on Wednesday, the pharma major said the company has received approval from the United States Food and Drug Administration (USFDA) for its Abbreviated New Drug Application (ANDA) for Emtricitabine and Tenofovir Alafenamide Tablets, 200 mg/25 mg, to market a generic equivalent of Descovy® Tablets, 200 mg/25 mg, of Gilead Sciences, Inc.
Lupin is one of the first ANDA applicants and is eligible for 180 days of shared generic exclusivity. This product will be manufactured at Lupin’s Nagpur facility in India.
Craftsman Automation: Shares of Craftsman Automation were trading over 5.2% lower at ₹5,368.90 apiece on the BSE.

The auto ancillary company's consolidated net profit declined 34.74% to Rs 61.69 crore on a 2.95% rise in revenue from operations to Rs 1,213.95 crore in Q2 FY25 over Q2 FY24.

Zaggle Prepaid Ocean: Shares were trading 4% lower at ₹538.75 apiece on the BSE. The company on Wednesday announced the launch of a qualified institutional placement. The floor price for the QIP has been fixed as ₹550.73 per equity share, according to an exchange filing.

It must be noted here that Zaggle Prepaid received a nod from its board of directors on October 30 to raise up to ₹950 crore through the issuance of equity shares or bonds, or a combination thereof, on a preferential allotment basis or through the QIP route.

Borosil Renewables: Borosil Renewables shares were down nearly 3% at ₹610.20 apiece on the BSE.

The company on Wednesday said it has decided to cancel its proposed rights issue of ₹450 crore and, instead, approved a plan to raise ₹600 crore through a preferential issue of equity shares and ₹100 crore through warrants.

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