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Here’s a look at buzzing stocks for trade on January 8
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Here’s a look at buzzing stocks for trade on January 8
Jan 7, 2021 10:44 PM

The Indian market is likely to open higher Friday tracking a positive trend in the international peers. At 7:30 am, the SGX Nifty was trading 57.50 points or 0.40 percent higher at 14,267.50, indicating a positive start for the Sensex and Nifty50.

Here are the top 10 buzzing stocks for today:

1. Tata Consultancy Services

: The company will declare its December quarter earnings today.

2. Vodafone Idea: The company has moved the Supreme Court, claiming that there have been errors in the telecom department’s calculation of adjusted gross revenue (AGR) dues. Vodafone Idea, the worst hit by the AGR case ruling owes over Rs 58,000 crore to the Centre.

3. Biocon: Biocon Biologics Ltd has approved a primary equity investment by Abu Dhabi-based ADQ. As per the terms of the proposed agreement, ADQ will invest Rs 555 Crore for a 1.80 percent minority stake in the biosimilar business, valuing Biocon Biologics at a post money valuation of USD 4.17 billion.

4. NTPC: The company has served notices to six states and two Union Territories for non-payment of dues, PTI reported. NTPC has also made it clear that it will be forced to shut-off or restrict power supply if they fail to clear their dues, the source said.

5. Tata Power: The company has completed the acquisition of 51 percent equity stake each in TP Southern Odisha Distribution Ltd (TPSODL) and TP Western Odisha Distribution Ltd (TPWODL) for a consideration of Rs 127.50 crore and Rs 255 crore, respectively.

6. Union Bank of India: The state-run lender has raised Rs 1,000 crore by issuing Basel III-compliant bonds on a private placement basis.

7. NHPC: National Company Law Tribunal (NCLT), Hyderabad bench approved NHPC’s Resolution Plan for taking over Jalpower Corporation. JPCL was executing 120 MW Rangit Stage-IV Hydroelectric Project in Sikkim.

8. National Aluminium Company: The company will invest around Rs 30,000 crore by the financial year 2027-28 on expansion and diversification, federal Coal & Mines minister Pralhad Joshi said.

9. IDFC: Sipadan Investments (Mauritius) Ltd sold 8.26 crore shares of IDFC worth Rs 320.37 crore at an average price of Rs 38.76 apiece. In separate open market deals, 3.81 crore scrips of IDFC were picked up by Morgan Stanley Asia (Singapore) Pte, Abakkus Emerging Opportunities Fund-1 and Avendus Absolute Return Fund at an average price of Rs 38.75 per share, the data showed.

10. Bharat Rasayan: The company’s board will consider the proposal of buyback of equity shares on January 12.

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