The benchmark index snapped two days in a row to end higher on the 21st. Sensex rose 497 points, or 0.89%, at 56,319.01 and Nifty rose 156.60 points, or 0.94%, at 16.770.80.
Pharma Science Step | CMP: RS 419.25 | The company’s stock price rose by almost 2 percent on December 21 after Stasis BioPharma Limited (Stick), the biotechnology division of the progress of Pharma Science, was assigned to integrate large-scale manufacturing vaccine facilities in Bengaluru.
IOC | CMP: Rs 109.50 | The stock price ended in green after the Council was given a company’s approval for a new crude oil pipeline with an installed capacity of 17.5 MMTPA from Mundra to Panipat accompanied by enlargement of crude oil agriculture tanks in Mundra, with an estimated cost of Rs 9028 Crore. The council also gave nodding for the acquisition of 36.93.750 equity shares in nominal value from Rs 10 each equivalent to 4.93% of stock capital in India Gas Exchange Limited (IGX).
Shilpa Medicare | CMP: RS 550.05 | Stock prices jumped 4 percent on December 21 after the company launched Prucalshil (Prucalopride) oral disintegration strip 1 mg and 2 mg’di India, a formulation developed for the first time in the world. The company has developed a novel ‘Orally Disintegrating Line (ODS)’ formulation for Prucalopride and obtained the next approval of the drug supervision of General India.
Piramal business CMP: RS 2,548.15 | The company’s stock price rose by almost 4 percent after its subsidiary, Piramal Pharma, entered into an agreement and acquired a share of 27.78% in the Yapan Bio Private for investment Rs 101.77 Crore (cash considerations).
Gujarat Gas | CMP: RS 626.40 | Stock prices rose 2.5 percent after foreign research company Jefferies maintained a buy rating with a price target at Rs 830 per share. Recently Morbi examination channel showed volume at 6.50-7 / 5.70 mmscmd in November / December, while the volume has been spent to reduce the exposure of the high price of LNG places, Jefferies said.
Railtel Corporation of India | CMP: RS 115.50 | The company’s stock price rose more than one percent after receiving work order from D defense & organization D for expansion and increased CIAG network capacity at a total cost of Rs 68.31 Crore. This work will be completed in seven months.
Adani Enterprises | CMP: Rs 1,622.00 | Stock prices added nearly 2 percent on December 21 after Adani Group was given three Expressway Greenfield Ganga project under DBFOT (TOL) base 594 km with upeida in Uttar Pradesh. Adani Enterprises (AEL) Participates in the Competitive Offer Process Invited by Upeida for Development, Financing and Ganga Expressway Development in PPP.
L & T | CMP: Rs 1,826.80 | The company’s share price rose more than one percent after its fully owned subsidiary, Larsen & Toubro International FZE, signed a stock purchase agreement to buy shares in Intelliflux Control Inc., Delaware Corporation.
Godrej Consumer Products | CMP: RS 936.40 | The company’s stock price added 5 percent after the UBS foreign research company continued to “buy” calls with targets at Rs 1,175 per share. MD & New CEO, has been outlined the strategy for thirty-five years ahead and intended to increase investment by reducing overhead costs & lower discounts / BTL spend. “Companies to focus on the development of categories, driven by higher A & P spend, sampling and distribution. The company expects Gross & Ebitda Margin to restore only in FY23,” UBS added.
Wipro | CMP: RS 690.75 | Stock prices rose more than 3 percent after signing an agreement to acquire Austin, Texas, headquartered in Edgile, a Cybersecurity consulting transformational provider that focused on risks and compliance, information and cloud security, and digital identity.
The post Gainers & Losers: 10 stocks that moved the most on December 21 first appeared on Businessely.com.