Markets will remain closed on May 20, 2024 on account of Parliamentary Elections.

LIC's Bid for Zomato, Tanla Platforms' Buy Back Offer, and Buzzing Stocks Today

Tue, 13 Jul Pre-Open

   Previous Close   

   09:30 am   

   12:30 pm   

   Closing   

Indian share markets ended on a flat note yesterday.

At the closing bell yesterday, the BSE Sensex stood lower by 13 points (down 0.1%).

Meanwhile, the NSE Nifty closed higher by 3 points (up 0.1%).

UltraTech Cement and Grasim were among the top gainers.

Adani Ports and BPCL, on the other hand, were among the top losers.

The BSE Mid Cap index and the BSE Small Cap index ended up by 0.4% and 0.8%, respectively.

Sectoral indices ended on a mixed note with stocks in the telecom sector, power sector and IT sector witnessing most of the selling pressure.

Realty stocks, on the other hand, witnessed buying interest.

Gold prices for the latest contract on MCX were trading down by 0.5% at Rs 47,706 per 10 grams at the time of closing stock market hours yesterday.

Speaking of the stock markets, Brijesh Bhatia, Research Analyst at Fast Profits Report talks about the top three risks for Nifty today, in his latest video for Fast Profits Daily.

Tune in to the video below to find out more:

Top Stocks in Focus Today

Among the buzzing stocks today will be Tanla Platforms.

Shares of Tanla Platforms hit an upper circuit of 5% on the exchanges yesterday after the company said its board will consider a share buyback on 22 July 2021.

On the same day, the company will also consider and approve the unaudited financial results for the quarter ended June 2021.

Tanla Platforms, is one of the world's largest CPaaS (communications platform as a service) players and processes more than 800 bn interactions annually.

About 62% of India's A2P SMS traffic is processed through its distributed ledger platform.

In its latest quarterly results, the company posted a net profit of Rs 1 bn. It had posted a loss of Rs 891 m in the March 2020 quarter.

The company's net sales also surged 24.2% year on year to Rs 6.5 bn compared to Rs 5.2 bn in the same period last year.

Godrej Properties share price will also be in focus today.

Shares of Godrej Properties gained over 4% on the BSE yesterday after the firm said it plans to invest more than US$ 1 bn over the next couple of years to acquire and develop new projects as part of its target to achieve higher growth.

Addressing shareholders in the company's annual report, its Executive Chairman Pirojsha Godrej said, for the first time, Godrej Properties was 'India's largest developer by the value and volume of sales it achieved'.

The company's sales bookings grew 14% to a record Rs 67.3 bn last fiscal despite adverse impact of the Covid-19 pandemic, surpassing nearly Rs 60 bn clocked by Macrotech Developers (erstwhile Lodha Developers).

Godrej Properties sold 9,345 homes at an average of over 25 homes per day.

The executive chairman highlighted that the company in March raised Rs 37.5 bn through qualified institutional placement (QIP) process.

'Our QIP in March raised Rs 37.5 bn, and allowed the company to end the year with a net cash balance sheet,' he said.

Pirojsha pointed out that the business development in 2020-21 fiscal year was moderate, as the company adopted a wait-and-watch approach in the first half because of the pandemic.

However, he expects financial year 2021-22 to be a strong year for business development.

LIC May Invest in Zomato's Public Offer

State-owned Life Insurance Corp of India (LIC) is weighing a bid for Zomato's shares in the online food delivery platform's initial public offering (IPO) this week.

LIC, which typically invests in secondary markets unless the public issue is a part of the government's divestment programme, is expected to bid for shares in the upcoming IPO of Zomato, said people aware of the matter.

Zomato is looking to raise as much as Rs 93.8 bn in the public issue.

Zomato's shares are priced between Rs 72 and Rs 76 apiece and will open for subscription on 14 July.

This will be the first of a bunch of Indian consumer internet unicorns that will go public in the next few months.

Zomato's valuation has surged from around US$5.4 bn in January to over US$8 bn in June as the pandemic has boosted the popularity of online platforms as people avoid going out for fear of contracting infections.

In the quarter ended 31 March, LIC's holdings in publicly traded companies dropped to an all-time low of 3.66% of the market value of 296 companies (where its holding is more than 1%).

It was 3.7% as of 31 December 2020.

Sovereign Gold Bond Issue 2021 Opens for Subscription

The Reserve Bank of India opened the fourth tranche of the sovereign gold bond (SGB) issue for public subscription yesterday.

Investors can bid for a minimum of 1 gm of gold at Rs 4,807 against Rs 4,889 per gm in the previous tranche. For those investors who apply for the new tranche online, the government will offer a Rs 50 per gram discount. The fourth tranche will close for subscription on July 16.

Investors who wish to subscribe to the issue can do so via their bank. Besides, these bonds are also sold through Stock Holding Corporation of India, designated post offices, NSE and BSE, either directly or through agents. Investors would get a 2.5% interest on the amount of initial investment, which will take effect from the date of its issue and will be payable every six months.

Besides, they can also see capital gains at the time of redemption, in case the price of gold at the time of redemption is higher. The tenor of the bond will be for a period of eight years with exit option in the fifth, sixth and seventh year, to be exercised on the interest payment dates.

We will keep you posted on more updates from this space. Stay tuned.

To know what's moving the Indian stock markets today, check out the most recent share market updates here.

For information on how to pick stocks that have the potential to deliver big returns, download our special report now!

Read the latest Market Commentary

Top Gainers TodayTop Gainers over 1-WeekTop Gainers over 1-MonthTop Gainers over 1-YearTop Gainers over 3-YrsTop Gainers over 5-YrsTop Losers TodayTop Losers over 1-WeekTop Losers over 1-MonthTop Losers over 1-YearTop Losers over 3-YrsTop Losers over 5-YrsOnly BuyersOnly SellersMost Active StocksMost Popular Stocks52 Week High Stocks52 Week Low Stocks

INDICESBSE (Rs 0 to 1)BSE (Rs 1 to 2)BSE (Rs 2 to 4)BSE (Rs 4 to 10)BSE (Rs 10 to 20)BSE (Above Rs 20)BSE - AllBSE-30BSE-100BSE-200BSE-500BSE AutoBSE BankexBSE Capital GoodsBSE Consumer DurablesBSE FMCGBSE HealthcareBSE ITBSE MetalBSE Oil & GasBSE PSUBSE TeckBSE RealtyBSE PowerBSE A GroupBSE B GroupBSE Mid-CapBSE Small-CapBSE Basic MaterialsBSE Consumer DiscretionaryBSE IndustrialsBSE UtilitiesBSE Sensex 50BSE Sensex Next 50BSE Bharat 22BSE 150 MidCapBSE 250 SmallCapBSE 250 LargeMidCapBSE 400 MidSmallCapBSE AllCapBSE LargeCapBSE SmallCap SelectBSE 100 LargeCap TMCBSE InfraBSE ManufacturingBSE CPSEBSE Private BankBSE Diversified FinancialsBSE MomentumBSE Low VolatilityBSE QualityBSE Enhanced ValueBSE Divident StabilityS&P BSE IPOBSE SMEIPOBSE 100 ESGBSE CarbonexBSE GreenexNSE (Rs 0 to 10)NSE (Rs 10 to 20)NSE (Above Rs 20)NSE - AllNSE-50NSE ITNSE Nifty Midcap 50NSE JR. NiftyNSE Bank NiftyNIFTY Next 50NIFTY 100NIFTY 200NIFTY 500NIFTY MidCap 100NIFTY SmallCap 250NIFTY SmallCap 50NIFTY SmallCap 100NIFTY LargeMidCap 250NIFTY MidSmallCap 400NIFTY AutoNIFTY Consumer DurablesNIFTY FinanceNIFTY FMCGNIFTY MediaNIFTY MetalNIFTY PharmaNIFTY Private BankNIFTY PSU BankNIFTY RealtyNIFTY Oil & GasNIFTY SME EmergeNIFTY CommoditiesNIFTY CPSENIFTY EnergyNIFTY India ConsumptionNIFTY InfraNIFTY MNCNIFTY PSENIFTY Serv SectorNIFTY100 Liquid 15NIFTY Midcap Liquid 15NIFTY Midcap 150 Quality 50NIFTY50 Equal WeightNIFTY100 Equal WeightNIFTY100 Low Volatility 30NIFTY100 Alpha 30NIFTY Alpha 50NIFTY Dividend Opportunities 50NIFTY High Beta 50NIFTY Low Volatility 50NIFTY200 Quality 30NIFTY 500 Value 50NIFTY 100 Quality 30SECTORSAgricultureAirlinesAluminiumAsset Management CompaniesAutomobilesAuto AncillariesBanks (Private)Banks (PSU)BankingCementChemicalsDefenceDiagnosticsDronesEngineeringElectric VehicleElectric Vehicle BatteryEnergy SourcesESGEthanolFertilizersFintechFMCGFoodGreen HydrogenHotelsInfrastructureInsuranceInvestment and FinanceInvITIT (Large)IT (Others)LogisticsMediaMetalMiningIndia's Big Tech StocksIndian PharmaMNC PharmaPSUPaintPaperPlasticPowerRating AgenciesReal EstateREITsRenewable EnergyRetailingSemiconductorShippingSteelSugarSupply ChainTelecomTextilesTravel Support Services

10 results 25 results 50 results 100 results All results

Indian Share Market Update: Top Gainers and Losers