0

0

0

0

0

0

0

0

0

videos | IST

Here’s a look at buzzing stocks for trade on September 9

Mini

The Indian market is likely to open lower Wednesday following weak Asian peers after shares on Wall Street tumbled overnight stateside. At 8:00 am, the SGX Nifty was trading 42.00 points or 0.37 percent lower at 11,271.00, indicating a negative start for the Sensex and Nifty50.

The Indian market is likely to open lower Wednesday following weak Asian peers after shares on Wall Street tumbled overnight stateside. At 8:00 am, the SGX Nifty was trading 42.00 points or 0.37 percent lower at 11,271.00, indicating a negative start for the Sensex and Nifty50.
Here are the top 10 buzzing stocks for today:
1. Wipro
: The IT major announced plans to set up a Digital Innovation Hub in Düsseldorf, Germany. The proposed Digital Innovation Hub will serve as Wipro’s flagship center in Europe and will offer digital transformation expertise to companies in Germany, enable organizations to cross skill and upskill besides supporting talent development in local communities.
2. PowerGrid Corporation of India: The Cabinet Committee on Economic Affairs has given its approval to the company to undertake monetization of its Tariff Based Competitive Bidding (TBCB) assets, held in existing Special Purpose Vehicle, through Infrastructure Investment Trust.
3. Bharat Dynamics: The company’s OFS to non-retail investors has been subscribed 1.4 times. The government will exercise the over-subscription option. The bidding for retail investors opens today with a discount of Rs 20 per share on the cut off price.
4. IRCTC: The government plans to sell about 15-20 percent stake in IRCTC via offer for sale (OFS).
5. IDBI Bank: The bank has sold its remaining 0.21 percent stake or 10,25,683 shares of the National Stock Exchange of India (NSE).
6. Future Consumer: The company has reported a loss of Rs 68.37 crore in Q1FY21 as against a loss of Rs 14.9 crore, YoY. Revenue fell 63.7 percent to Rs 380.5 crore.
7. ICICI Prudential Life Insurance Company: The company’s new business premium grew to Rs 892 crore in August 2020 as against Rs 849 crore in July.
8. Indian Hume Pipe: The company has received Rs 134.82 crore water supply contract in Odisha.
9. TeamLease Services: The company has increased its stake in edu-tech company Schoolguru to 76.37 percent from 40 percent.
10. Dishman Carbogen Amcis: The company reported a net loss of Rs 21.4 crore in Q1FY21 as against a net profit of Rs 34.3 crore, YoY. Revenue declined 9.1 percent to Rs 474.4 crore.