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  5. Strides Pharma Science, Vedanta, ITI Ltd, Delhivery, HEG: Check top buzzing stocks of the day

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Strides Pharma Science, Vedanta, ITI Ltd, Delhivery, HEG: Check top buzzing stocks of the day

Upstox
By Upstox News Desk

3 min read | Updated on December 06, 2024, 13:58 IST

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SUMMARY

At 1:41 pm, the S&P BSE SENSEX was trading at 81,663.07, down 103 points, or 0.13%, while the broader NIFTY50 index of the NSE was trading at 24,684.05, down 24 points, or 0.1%. 

Stock list

VEDL
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DELHIVERY
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HEG
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Shares of ITI Ltd jumped over 19% to hit a high of ₹338.65 apiece on the NSE.

Shares of ITI Ltd jumped over 19% to hit a high of ₹338.65 apiece on the NSE.

Buzzing Stocks: Equities were oscillating between positive and negative territory in the afternoon deals on Friday, December 6. 

At 1:41 pm, the S&P BSE SENSEX was trading at 81,663.07, down 103 points, or 0.13%, while the broader NIFTY50 index of the NSE was trading at 24,684.05, down 24 points, or 0.1%. 

Here is a list of stocks that are buzzing in today's trade.
Mishtann Foods: Shares of Mishtann Foods hit their lower circuit limit of 20% at ₹12.42 apiece on the BSE on Friday, December 6, as SEBI, the capital markets regulator, on Thursday 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.
ITI Ltd: Shares of ITI Ltd jumped over 19% to hit a high of ₹338.65 apiece on the NSE. The stock has jumped 45% in the past 30 days. 

Last month, the company said its consortium partner had emerged as L1 in the BharatNet Phase-3 Project in the states of Himachal Pradesh for Package No. 8, in West Bengal, and Andaman & Nicobar Islands for Package No. 9 with a total order value of ₹3,022 crore.

In a tender, L1 means "lowest one." It refers to the bid with the lowest commercial value in the financial bid evaluation process. 

MCX: Shares of the company were trading over 7% higher at ₹6,955.05 apiece on the NSE. MCX said its profit jumped 38.5% sequentially in the second quarter ended September 2024. 

Consolidated net profit rose to ₹154 crore in the July-September period from ₹111 crore a quarter ago.

HEG: Shares of HEG Ltd were trading over 4% lower at ₹559 apiece on the BSE. Yesterday, HEG shares rallied after a block deal worth ₹172 crore took place. 
Can Fin Homes: The stock was trading nearly 3.5% lower at ₹807.45 on the BSE. Can Fin Homes is a housing finance company, which is a unit of Canara Bank. 
Delhivery: Shares of the company were trading nearly 7% higher at ₹355.70 apiece on the BSE. On Wednesday, Delhivery’s Anindya Ghose resigned as the non-executive independent director of the company, citing various personal commitments as the reason. 
Strides Pharma Science: The stock was frozen at a 5% upper circuit limit at ₹712.85 on the BSE. It must be noted that Strides Pharma had fixed December 6, 2024, as the record date for determining the names of the equity shareholders of Strides who shall be entitled to the allotment of equity shares by OneSource, as consideration under the scheme of arrangement.

In September last year, Strides announced the creation of OneSource by integrating Stelis' Biologics CDMO, SteriScience's Complex Injectables, and Strides' Soft Gelatine businesses in a single entity by way of a scheme of arrangement.

ALSO READ | RBI MPC Meeting 2024: RBI reduces CRR to 4% from 4.5%; check key highlights

As part of the scheme, Strides shareholders are to receive 1 share of OneSource for every 2 shares of Strides (swap ratio of 1:2).

Vedanta: Shares of Vedanta were trading 6.34% higher at ₹502.15 apiece on the BSE. 
Mining conglomerate Vedanta Ltd eported a consolidated net profit of ₹4,352 crore in the September 2024 quarter.

However, the company had posted a consolidated net loss of ₹1,783 crore in the year-ago period.

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