Benchmark indices witnessed a volatile session on December 6 while the Nifty and Sensex were caught in a narrow range to eventually end the day near the flatline. While the RBI's decision to maintain the repo rate at 6.5 percent and reduce the Cash Reserve Ratio (CRR) by 50 basis points was largely positive, the market had already factored this in its recent uptrend. At close, the Sensex declined by 56.74 points, or 0.07 percent, to settle at 81,709.12, while the Nifty dropped 30.60 points, or 0.12 percent, to end at 24,677.80. The market breadth was positive, with 2,289 shares advancing, 1,536 shares declining, and 100 remaining unchanged.
2/11
Multi-Commodity Exchange | CMP: Rs 6,932 | Shares closed nearly 7 percent higher after charting a new record high of Rs 7,048.60, driven by heavy trading volumes. As much as seven lakh shares of MCX changed hands so far, already more than double the one-month daily traded average of three lakh shares.
3/11
Garden Reach Shipbuilders & Engineers | CMP: Rs 1,779 | Shares closed over a percent higher after the company signed agreement for construction and delivery of second ship from series of 4 additional 7,500 DWT multi-purpose vessels in Germany. So far this year, the stock of this shipbuilding company more-than-doubled or skyrocked over 100 percent, as compared to benchmark Nifty 50's 12 percent rise. Earlier, Garden Reach shares had hit 52-week high of Rs 2,834 per share on July 5, 2024.
4/11
Ceigall India | CMP: Rs 371 | Shares surged 4 percent after the company announced receiving an arbitration award worth Rs 54.21 crore in its favour in the Greater Mohali Area Development Authority (GMADA) case. The award comes under the Arbitration and Conciliation Act, 1996. The dispute was related to the project titled "Construction of Service Road along with a 200' wide road from Mullanpur/UT boundary up to the 'T' Junction of Kurali-Siswan road at SAS Nagar."
Mishtann Foods | CMP: Rs 12.42 | Shares cracked 20 percent after it received a Show Cause Notice from capital market regulator over Rs 100 crore of company fund that Sebi said was misappropriated or diverted through group entities. Mishtann Foods (MFL) has contested the allegations and said it 'doesn't agree' with the observations in the interim order. "The said Interim Order is a SHOW CAUSE NOTICE wherein explanation from the company has been sought on certain allegations against the company. The SCN is NOT a final order and is inter alia asking for an explanation from the Company," MFL said.
6/11
BSE Ltd | CMP: Rs 5,400 | Shares of BSE Ltd have been on a roll in recent days after surging over 19 percent in three straight sessions. The stellar upmove in the counter in recent sessions have been on the back of a surge in trading volumes. The spike in trading volumes in BSE's counter can also be attributed to its entry into the Futures and Options segment, starting from the December series. In today's session, the stock rose 4 percent after scaling a record high.
7/11
Zaggle Prepaid Ocean Services | CMP: Rs 524.55 | Shares rose 5 percent after the company secured three orders in just two days. The first order won by the company is a five year contract for Zaggle's fleet program from AGP City Gas. Following that, the company won an one year order from Hitachi India. Under this order, Zaggle would provide Hitachi India with its Zaggle propel rewards solution. Aside from these, the company also signed a two year master agreement with Blink Commerce to provide its Zoyer solution.
8/11
Newgen Software | CMP: Rs 1,353 | Shares of jumped over 3 percent after international brokerage Jefferies states that it remains constructive on the company's growth prospects, anticipating a 15 percent upside from Thursday's closing price. The brokerage retained its 'buy' call on the stock with a price target of Rs 1,500.
RITES | CMP: Rs 295.40 | Shares of RITES closed nearly 3 percent higher after the company secured a significant project from the Indian Institute of Management (IIM) Raipur. The order, valued at Rs 148.25 crore (excluding GST), involves RITES serving as the Project Management Consultant (PMC) for the development of Phase II of the institute's campus in Chhattisgarh. The scope of the project includes execution, supervision, monitoring, and development, to be completed on a cost-plus basis within a timeline of 23 months.
10/11
HEG | CMP: Rs 560.74 | Shares slipped 4 percent as profit booking trickled in the counter after recent stellar gains. Shares of the company had surged close to 40 percent in one week driven by reports that China has tightened its review of graphite exports to the US and effectively banned the export of dual-use commodities like germanium and gallium. The move sparked concerns about potential supply shortages in the global market. The stock had also hit a near six year high in the previous session.
11/11
Vibhor Steel Tubes | CMP: Rs 241.18 | Shares surged over 6 percent after the company announced that its Unit III plant in Sundargarh, Odisha, is now fully ready for operations. The company expects the unit to commence operations by the end of January 2025. Despite this rally, Vibhor Steel has faced a challenging year, with its share price declining by 45 percent year-to-date, significantly underperforming the Nifty 50, which gained nearly 14 percent during the same period. After losing marginally in October and dropping 12 percent in November, the stock has rebounded with a 10 percent gain so far in December.
![Ceigall India | CMP: Rs xxx | Shares surged x percent after the company announced receiving an arbitration award worth Rs 54.21 crore in its favour in the Greater Mohali Area Development Authority (GMADA) case. The award comes under the Arbitration and Conciliation Act, 1996. The dispute was related to the project titled "Construction of Service Road along with a 200' wide road from Mullanpur/UT boundary up to the 'T' Junction of Kurali-Siswan road at SAS Nagar."](https://images.moneycontrol.com/static-mcnews/2024/12/20241205095802_market_up_higher.jpg "Ceigall India | CMP: Rs xxx | Shares surged x percent after the company announced receiving an arbitration award worth Rs 54.21 crore in its favour in the Greater Mohali Area Development Authority (GMADA) case. The award comes under the Arbitration and Conciliation Act, 1996. The dispute was related to the project titled "Construction of Service Road along with a 200' wide road from Mullanpur/UT boundary up to the 'T' Junction of Kurali-Siswan road at SAS Nagar."")
![Mishtann Foods | CMP: Rs xxx | Shares cracked 20% lower after it received a Show Cause Notice from capital market regulator over Rs 100 crore of company fund that Sebi said was misappropriated or diverted through group entities. Mishtann Foods (MFL) has contested the allegations and said it 'doesn't agree' with the observations in the interim order. "The said Interim Order is a SHOW CAUSE NOTICE wherein explanation from the company has been sought on certain allegations against the company. The SCN is NOT a final order and is inter alia asking for an explanation from the Company," MFL said.](https://images.moneycontrol.com/static-mcnews/2024/08/20240821132219_Kajari-Teej-2024-sweets.jpg "Mishtann Foods | CMP: Rs xxx | Shares cracked 20% lower after it received a Show Cause Notice from capital market regulator over Rs 100 crore of company fund that Sebi said was misappropriated or diverted through group entities. Mishtann Foods (MFL) has contested the allegations and said it 'doesn't agree' with the observations in the interim order. "The said Interim Order is a SHOW CAUSE NOTICE wherein explanation from the company has been sought on certain allegations against the company. The SCN is NOT a final order and is inter alia asking for an explanation from the Company," MFL said.")
