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  5. Surya Roshni, Lupin, Unimech Aerospace, KIOCL Ltd, RITES, RVNL, Adani Wilmar: Check top buzzing stocks of the day

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Surya Roshni, Lupin, Unimech Aerospace, KIOCL Ltd, RITES, RVNL, Adani Wilmar: Check top buzzing stocks of the day

Upstox
By Upstox News Desk

4 min read | Updated on December 31, 2024, 13:32 IST

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SUMMARY

Shares of KIOCL Ltd were trading 13% higher at ₹388 apiece on the NSE. KIOCL Limited (Kudremukh Iron Ore Company Limited) is an Export Oriented Unit (EOU) of the Government of India's Ministry of Steel. It specialises in iron ore mining, beneficiation, and pelletisation.

Stock list

RITES
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KIOCL
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AWL
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RVNL
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At 1:12 PM, the S&P BSE SENSEX was trading at 77,993.41, down 255 points, or 0.33%.

At 1:12 PM, the S&P BSE SENSEX was trading at 77,993.41, down 255 points, or 0.33%.

Stock market today: The domestic benchmark indices were trading in the red in the afternoon deals on Tuesday, December 31.

At 1:12 PM, the S&P BSE SENSEX was trading at 77,993.41, down 255 points, or 0.33%, while the NSE's NIFTY50 index was trading at 23,591.75, down 53 points, or 0.22%.

Here is a list of stocks that are buzzing in today's trade.
Unimech Aerospace: Shares of Unimech Aerospace and Manufacturing made a stunning debut on the bourses today. The stock was listed at ₹1,460 on the NSE, a premium of 86% over its IPO price of ₹785.

The initial public offering (IPO) of the company received a whopping 174.93 times subscription on the last day of bidding.

The ₹500 crore initial share sale got bids for 82,28,93,040 shares against 47,04,028 shares on offer, as per NSE data.

The IPO had a fresh issue of up to ₹250 crore and an offer-for-sale (OFS) of up to ₹250 crore.

The price range for the offer was fixed at ₹745-₹785 per share.

KIOCL Ltd: Shares of KIOCL Ltd were trading 13% higher at ₹388 apiece on the NSE. KIOCL Limited (Kudremukh Iron Ore Company Limited) is an Export Oriented Unit (EOU) of the Government of India's Ministry of Steel. It specialises in iron ore mining, beneficiation, and pelletisation.
Adani Wilmar: Adani Wilmar shares slipped 7.83% to hit a low of ₹303.70 apiece on the BSE as Adani Group on Monday announced its exit from the FMCG joint venture Adani Wilmar by selling its entire stake to the Singaporean partner and in the open market for an estimated over $2 billion.
In a statement, Adani Enterprises Ltd said it would sell a 31.06% stake to Wilmar International. Another 13% will be sold in the open market to meet minimum public shareholding requirements.
RITES: The stock was trading 10% higher at ₹293.90 apiece on the BSE. For the quarter ended September 30, 2024, RITES' net profit slipped 25% to ₹82.5 crore.

Analysts attribute this sharp rise to several factors, including positive investor sentiment and high trading volumes. Broking firms' reports also reflect optimism about RITES’ future.

Surya Roshni: Shares of the company were trading over 7.6% higher at ₹603.15 apiece on the BSE amid heavy volumes in an otherwise weak market ahead of the company's 1:1 bonus issue.

Surya Roshni has fixed Wednesday, January 1, 2025, as the 'Record Date' to determine the eligibility of shareholders for issuance of the bonus shares in the ratio of one new equity share for every one existing equity share held in the company.

Lupin: Shares of the pharma major were trading nearly 2.5% higher at ₹2,368.45 apiece on the NSE. Lupin on Monday announced the acquisition of Huminsulin in India from Eli Lilly and Company (Lilly) to enhance its diabetes portfolio further.

Lupin has been marketing the Huminsulin range of products, comprising Insulin Human, including Huminsulin R, Huminsulin NPH, Huminsulin 50/50, and Huminsulin 30/70, through existing distribution and promotion agreements with Lilly, India.

Easy Trip Planners: Shares of Easy Trip Planners slumped as much as 9.9% to ₹15.36 apiece on the BSE on Tuesday, December 31, as, according to news reports, 1% equity of the company changed hands in the block deal window.

Earlier, news reports said that EaseMyTrip's co-founder Nishant Pitti would sell his remaining stake in the company, 14%, for ₹780 crore on December 31.

EaseMyTrip is the brand operated by the listed Easy Trip Planner.

Pitti was expected to sell 50 crore shares at ₹15.6 per unit.

Last seen, the stock was trading at ₹16.28, down 4.52%.

Bajaj Holdings & Investment Limited (BHIL): Shares were trading 7% lower at ₹11,713.55 apiece on the BSE. Bajaj Holdings is a non-banking financial company.

BHIL has stakes in Bajaj Auto Limited, Bajaj Finserv Limited, and Maharashtra Scooters Ltd.

ALSO READ | Ather Energy, Schloss Bangalore, 4 other companies get SEBI's approval to launch public offers; check list
RVNL: Shares of Rail Vikas Nigam (RVNL) were trading 3.63% higher at ₹423.95 apiece on the BSE. The company has emerged as the 'lowest bidder' (L1) from East Coast Railway for the Koraput-Singapur road doubling project worth ₹404.40 crore.

Meanwhile, RVNL also emerged as the lowest bidder (L1) from Central Railway for designing and supplying traction systems in the Bhusaval- Khandawa sections of Central Railway. The said contract is worth ₹137.16 crore and it will be executed in 24 months.

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