Buzzing Stocks: The equity market was trading with healthy gains in the afternoon deals on Tuesday, December 3. At 01:07 pm, the S&P BSE SENSEX was trading at 80,743.92 levels, up 496 points, or 0.62%.
The broader NIFTY50 index of the NSE was trading at 24,417.70, up 142 points, or 0.58%.
Here is a list of stocks that are buzzing in today's trade.
Zen Technologies: Shares of
Zen Technologies were trading 5% lower at ₹1,816.95 apiece on the BSE after the company witnessed a block deal worth ₹386.1 crore.
About 21.4 lakh shares, which is around a 2.55% equity stake in the firm, changed hands at about ₹1,800 per share. From the previous session's closing price, this comes at a discount of 5.9%.
HDFC Bank: Shares of
HDFC Bank jumped 1.8% to hit a record high on Tuesday, December 3. The market capitalisation of the private lender also crossed ₹14 lakh crore. The stock surged 1.81% to ₹1,837.40 per share, its all-time high level, on the National Stock Exchange.
The development follows a block deal in which 21.7 lakh equity shares worth around ₹392 changed hands. The details of the parties involved were not immediately known.
The increase in weightage of HDFC Bank in the MSCI indexes also contributed to the stock's robust performance.
Swiggy: Swiggy shares jumped as much as 9.77% to ₹541.95 apiece on the NSE ahead of its Q2 results declaration. This will be the food aggregator's first quarterly results announcement after the listing of its shares. Swiggy shares were listed on the stock exchanges on November 13. The stock debuted on the NSE at ₹420 apiece (a premium of 7.69%) over the issue price of ₹390. It had hit its all-time high of ₹517 on November 28.
ITC, Godfrey Philips, VST Industries: Shares of major tobacco companies such as ITC, Godfrey Phillips, and VST Industries slipped around 3% on the NSE amid news reports suggesting that the government plans to increase taxes to 35% on tobacco products.
According to news reports, the GoM on GST rate rationalisation on Monday decided to hike tax on sin goods like aerated beverages, cigarettes, tobacco, and related products to 35% from the present 28%.
Currently, GST is a four-tier tax structure with slabs at 5, 12, 18, and 28%.
Torrent Power: Shares of Torrent Power were trading 5.52% higher at ₹1,674.10 apiece on the BSE as the company on Monday announced the opening of equities on a qualified institutional placement (QIP) basis at a floor price of ₹1,555.75 apiece as part of its plan to raise up to ₹5,000 crore in one or more tranches.
The company did neither disclose the number of shares to be issued nor the total issue size. However, there are speculations that the issue size is expected to range between ₹3,500 crore and ₹5,000 crore, said a PTI report.
Solar Industries: Shares of Solar Industries, a manufacturer of industrial explosives and defence products, rose 10% on Tuesday after securing export orders worth ₹2,039 crore. The stock rose as much as 10% to ₹11,597 apiece on the National Stock Exchange (NSE).
NTPC Green Energy: Shares of NTPC Green Energy were frozen at ₹142.10 apiece on the BSE, its 10% upper circuit. Last week, the renewable energy arm of NTPC was listed with a premium of over 3% against the issue price of ₹108 on Wednesday. The stock made its debut at ₹111.60, up 3.33% from the issue price on the BSE.
On the NSE, it was listed at ₹111.50, up 3.24%.
CE Info Systems: Shares of MapMyIndia's parent, C.E. Info Systems Ltd, were trading over 8% lower at ₹1,547.90 apiece on the BSE. The stock slipped after the CEO and Executive Director of MapmyIndia, Rohit Verma, stepped down from his post to float a new business-to-consumer (B2C) venture in which MapmyIndia will take a 10% stake. Further, Verma will provide additional funding of ₹35 crore via a compulsory convertible debenture (CCD) in the new company.
Adani Ports: Shares of Adani Ports and Special Economic Zone (APSEZ) were trading over 6% higher at ₹1,292.10 apiece on the BSE. The stock gained after the company, in its exchange filing, said that during November 2024, APSEZ handled 36 MMT of total cargo, driven by containers, which was up by 21% YoY.
Jindal Worldwide: The stock was trading over 19% higher at ₹385 on the BSE.
Jindal Worldwide is a diversified and integrated textile fabric and shirting manufacturer.
HEG, Graphite India: Shares of
HEG Ltd were trading over 14% higher at ₹500.70 apiece on the BSE. Graphite India shares, too, were trading 8.5% higher at ₹566.35 on the BSE.
KPIT Tech: The stock was trading 6.54% higher at ₹1,429.30 on the BSE. KPIT Tech is an Indian multinational corporation that provides engineering research and development (ER&D) services to automotive companies.
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