Stocks Expected To Create A Buzz Today: RPSG Ventures, Tech Mahindra, CEAT And Indus Tower

New Delhi: Sensex and Nifty opened on a positive note as in early trade as Sensex reached 61200 while Nifty crossed 18150.

At 9:17 AM, Sensex was at 61,106.53 with a gain of 139.48 points and Nifty is up by 46.00 points at 18,171.40. About 2058 shares have advanced, 637 shares declined, and 125 shares are unchanged.

Some of the stocks are expected to create a buzz today are – RPSG Ventures, Tech Mahindra, CEAT and Indus Tower.

RPSG Ventures

After RP-Sanjiv Goenka Group (RPSG) won the bid to buy the Lucknow team in the cash-rich Indian Premier League (IPL), its shares added over 5 percent intraday on Tuesday.

RPSG was one of the successful bidders at the bidding process conducted by the Board of Control for Cricket in India (BCCI) at Dubai.

At 09:25 hrs RPSG Ventures was quoting at Rs 871.45, up Rs 25.75, or 3.04 percent on the Bombay Stock Exchange (BSE).

The share touched a 52-week high of Rs 1,147.15 and a 52-week low of Rs 211.05 on 20 September, 2021 and 02 November, 2020, respectively.

Currently, it is trading 24.03 percent below its 52-week high and 312.91 percent above its 52-week low.

Tech Mahindra

The company's share jumped to a new high and was up nearly 7 percent on the BSE at 10:35 am.

The company's revenue increased to 10,881.3 crore from Rs 10,197.6 crore on a sequential basis, after it reported a net profit of Rs 1,339 crore in Q2FY22.

CEAT

The stock of this company didn't perform well on the stock exchange after its net profit in Q2FY21 plunged by 77 per cent to Rs 42 crore against Rs 181.9 crore.

However, the company's revenue jumped to 23.9 per cent at Rs 2,451.8 crore from Rs 1,978.5 crore during the same period.

Indus Tower

On BSE at 11:05 AM, the company's shares traded at 2.53 per cent lower at Rs 281.35 apiece.

Notably, the company has posted a 38 per cent rise in consolidated net profit in Q2FY22 to roughly Rs 1,559 crore. The company's revenue grew over 8 per cent on a year-on-year basis to Rs 6,876.5 crore.

Also read:Markets Updates: Sensex Once Again Crosses 61K Mark, Nifty Also Rises

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