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Indian Hotels, Wipro, Sobha among top 5 stocks buzzing on Dalal street in trade on Tuesday

The Sensex was trading 25,804, up 38 points while the Nifty remained flat below its key 8,000-level in trade on Tuesday after six continuous days of losses.

The Sensex was trading 25,804, up 38 points while the Nifty remained flat below its key 8,000-level in trade on Tuesday after six continuous days of losses.

Here are the top 5 stocks that are buzzing in trade today:

 

  1. Indian Hotels: Shares of Indian Hotels fell 1.81 per cent in opening trade after the company decided to hold an Extraordinary General Meeting to consider removal of Cyrus Mistry as director on December 20.
  2. Arvind Ltd: The textiles major said that it raised Rs 740 crore from the market by diluting stake in subsidiary -- Arvind Fashions Ltd. The company has completed the transaction and raised the amount from a private equity firm Multiples, according to a BSE in a filing. The scrip however, fell 2.08 per cent in trade today.
  3. Wipro: The company on Monday announced that it has been selected as a member of the global Dow Jones Sustainability Index - 2016 for the seventh year in a row. The shares of Wipro rose 0.67 per cent on the BSE.
  4. Muthoot Capital Services: Global ratings company Crisil has downgraded its rating on the debt instruments and bank facilities to 'Crisil A-/FA-/Stable' from 'Crisil A/FA/Stable' and the rating on the short-term debt has been reaffirmed at 'Crisil A1'. Hence, the crip suffered a fall of 2.48 per cent in the morning trade on BSE.
  5. Sobha Limited: The shares of Sobha fell 5.7 per cent to Rs 224.05 after the company posted a 1 per cent fall in net profit at Rs 38.4 crore versus Rs 38.8 crore in the year ago period.