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  5. Wonderla Holidays, Honasa Consumer, HEG Ltd, NTPC Green Energy, Avalon Tech, UCO Bank: Check top buzzing stocks of the day

Market News

Wonderla Holidays, Honasa Consumer, HEG Ltd, NTPC Green Energy, Avalon Tech, UCO Bank: Check top buzzing stocks of the day

Upstox
By Upstox News Desk

4 min read | Updated on December 04, 2024, 13:07 IST

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SUMMARY

At 12:55 pm, the S&P BSE SENSEX was trading at 80,954.96 levels, up 109 points, or 0.14%, while the NSE's NIFTY50 index was trading at 24,465.45, up 8 points, or 0.03%.

Stock list

HONASA
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NTPCGREEN
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AVALON
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UCOBANK
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Shares of Mamaearth-parent Honasa Consumer hit 10% upper circuit on Wednesday after the company's co-founder Varun Alagh increased his stake in the personal care product firm.

Shares of Mamaearth-parent Honasa Consumer hit 10% upper circuit on Wednesday after the company's co-founder Varun Alagh increased his stake in the personal care product firm.

Stock market today: The domestic equity market was trading in the green in the afternoon deals on Wednesday, December 4. 

At 12:55 pm, the S&P BSE SENSEX was trading at 80,954.96 levels, up 109 points, or 0.14%, while the NSE's NIFTY50 index was trading at 24,465.45, up 8 points, or 0.03%.

Here is a list of stocks that are buzzing in today's trade. 
NTPC Green Energy: Shares of NTPC Green Energy rallied as much as 9.28% to ₹155.30 apiece on the BSE. The stock of the renewable energy arm of NTPC was listed with a premium of over 3% against the issue price of ₹108 last week. 

The initial public offering of NTPC Green Energy Ltd got subscribed 2.40 times on the closing day of the share sale on Friday.

The ₹10,000-crore share sale had a price band of ₹102-₹108 per share.

Honasa Consumer: Shares of Mamaearth-parent Honasa Consumer hit 10% upper circuit on Wednesday after the company's co-founder Varun Alagh increased his stake in the personal care product firm.

The stock rose 10% to 287.85 apiece, its upper circuit limit, on the NSE, taking the market capitalisation to ₹9,350.06 crore.

Varun Alagh, co-founder and chief executive officer (CEO) of Honasa Consumer, has brought additional equity shares worth ₹4.5 crore in the company, taking his stake to 31.93% from 31.88% earlier.

With this, Varun and his wife, Ghazal Alagh, together hold a 35% stake in the company.

Defence stocks: Stocks in the defence sector rose on Wednesday, December 4, after the Defence Acquisition Council (DAC), under Defence Minister Rajnath Singh's chairmanship, approved five capital acquisition proposals worth more than ₹21,772 crore.
HAL, BEML, and Mazagon Dock all gained in the morning trade. However, they trimmed their gains in the afternoon deals. 
Reliance Power: Reliance Power shares hit the 5% upper circuit limit of 5% at ₹41.07 apiece on the BSE in Wednesday's session as the Solar Energy Corporation of India Limited (SECI) on Tuesday said it has withdrawn the debarment notice issued to Reliance Power, enabling the Anil Ambani-led firm to participate in future tenders of the public sector entity.
Swiggy: Shares of Swiggy jumped as much as 6.69% to ₹534.85 on the BSE, a day after the company reported its Q2 results. 

Swiggy reported a narrowing of loss at ₹625.53 crore on a consolidated basis in the second quarter ended September, down from ₹657 crore logged in the year-ago period.

The company declared its quarterly results to the stock exchanges for the first time since it went public last month.

Wonderla Holidays: Shares of the company were trading 9% higher at ₹901.90 apiece on the BSE. 

The stock rallied as the company announced that its board has approved the opening of the issue of qualified institutional placement (QIP) of equity shares with a floor price of ₹827.85 per share.

The company's board authorised and declared the opening of the issue on Tuesday, 3 December 2024.

The floor price of ₹829.74 is at a premium of 0.23% to the previous day's closing price of ₹827.85 on the BSE.

Niva Bupa Health Insurance: Shares of Niva Bupa Health Insurance Company rose 15% to hit an all-time high on reports of a lower GST (Goods and Services Tax) rate on life and health insurance policies.

On the National Stock Exchange, the stock rose as much as 15.1% to ₹94.37 apiece, which is its all-time high level since listing last month.

HEG: Shares of HEG Ltd were trading around 12.50% higher at ₹560.80 apiece on the BSE. The stock has gained 34.30% in a week. 

According to news reports, China's decision to impose a stricter review of its graphite exports to the US and ban graphite dual-use commodities Germanium and Gallium in principle, which will lead to a potential supply scare, is the main trigger behind the rally in graphite electrode manufacturers. 

Graphite India was trading over 5% higher at ₹599.50 on the BSE. 
UCO Bank: Shares of UCO Bank were trading nearly 9% higher at ₹49.06 apiece on the BSE. 

The state-run lender posted a 50% jump in its net profit to ₹603 crore at the end of the second quarter of the current fiscal.

The Kolkata-headquartered lender had recorded ₹402 crore in the year-ago period.

A statement by the bank said the operating profit at the end of the July-September period touched ₹1,432 crore, registering a growth of 45.82% year-on-year.

Avalon Technologies: The stock was down nearly 5.5% at ₹866.90 on the BSE. Avalon Technologies is a global manufacturing company that provides electronics circuit card services, including PCB design, sourcing, PCB assembly, prototyping, testing, box build, and system integration.

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