Stocks In Focus On December 30, 2020

After opening firm for the sixth consecutive trading session on December 30, 2020, Indian indices pared all their gains quickly to trade in the negative. At around 10:08 am, Nifty was trading weak by 0.15% at 13911. Here are some of the stocks that are in focus today on stock-specific development.

1. HDFC Bank:

As per sources, as the term of Shyamala Gopinath is set to end in January, former Economic Affairs Secretary Atanu Chakraborty is likely to be the next Chairperson of the country's largest private sector lender. Shares of HDFC Bank last quoted at Rs. 1425, down 0.15%.

2. NDTV:

SEBI imposed a penalty of Rs 5 crore on NDTV for disclosure related violations. The share was weak by a margin.

3. UPL:

The chemicals company is the top gainer in today's trade and last traded higher by over 3% at Rs. 469.2 apiece on the NSE after the company completed the pre-payment of $410 million of 3.25 percent Senior Notes due October 2021. This prepayment is in sync with the company's commitment to lower debt.

4. IIFL Securities:

The brokerage firm traded firm with gains of over 3% as the company kicked off its Rs 90-crore share buyback today.

5. NLC India:

The company has issued and allotted 10,000 commercial papers of face value of Rs 5 lakh each, aggregating to Rs 500 crore. The scrip traded lower by over 0.5%

6. Future Group stocks:

Future group firms have started getting large orders from Reliance Industries, its CEO Kishore Biyani said in an email to his employees on Tuesday. All Future group scrips traded with gains of between 0.35% to more than 1%.

7. Snowman Logistics:

This transport and logistics firm traded with losses of over 3% at Rs. 63.70 after Adani Logistics sold 80.05 lakh shares or 4.8% stake in the company at Rs 61.82 per share.

8. Paisalo Digital:

Elara India Opportunities Fund reduced stake in company to 1.76 percent from 4.37 percent earlier by selling 2.6 percent stake via open market transaction. The stock was dragged by 10%.

9. Punjab and Sind Bank:

The RBI may red-flag the Rs 5,500-crore zero-coupon bonds issued towards recapitalising (recap) Punjab and Sind Bank (P&SB) in its current form. The scrip traded weak by over 1%.

10. Jindal Steel and Power Ltd (JSPL):

On Tuesday the company said it has received the 'regular rail supplier' status from the Indian Railways for supplying 60kg 880 grade (90UTS) Rails. The stock was up by 0.66% at around 10:29 am.

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