Stock in News, December 21: Paytm, Sheela Foam, Jubilant Food, Hero MotoCorp, Sudarshan Chemical Industries

Markets in the Asia-Pacific traded mixed as Japan’s Nikkei 225 fell 0.98 per cent and Hong Kong’s Hang Seng index rose 0.5 per cent. South Korea’s Kospi erased earlier gains to trade flat.

After tumbling over 700 points intra-day, the 30-share BSE Sensex clawed back lost ground on last minute buying in index heavyweights. Photo credit: File

Stock in News Today, December 21: Stock markets are likely to have a positive start on Wednesday i.e. December 21 as SGX Nifty - an early indicator of sentiment on the NSE Nifty50 - traded 77 points, or 0.42 per cent, higher at 18,503. Markets in the Asia-Pacific traded mixed as Japan’s Nikkei 225 fell 0.98 per cent and Hong Kong’s Hang Seng index rose 0.5 per cent. South Korea’s Kospi erased earlier gains to trade flat.

Overnight in the US, stocks eked out a gain, snapping a four-day streak of losses. S&P 500 gained 3.96 points, or 0.10 per cent, to end at 3,821.62 points, while the Nasdaq Composite gained 1.080 points, or 0.01 per cent, to 10,547.112. The Dow Jones Industrial Average rose 92.20 points, or 0.28 per cent, to 32,849.74.

Stock in News Today, December 21

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Paytm: Paytm’s parent company One97 Communications has announced that the board has approved the buyback of shares through the open market for up to Rs 850 crore. The board of One97 Communications (OCL), initiated a share buyback programme of 850 crores to support its falling stock price on Tuesday. The scrip had closed at Rs 538.40 on the Bombay Stock Exchange (BSE) on the same day.

Sheela Foam Limited: Sheela Foam has announced a bonus in the ratio of 1:1 for the face value of Rs 5 per equity share. The share will trade ex-bonus on December 21. December 22 is the record date.

Jubilant Food: Domino's Pizza, has announced the launch of 20-minute pizza delivery across 20 zones in India. "The brand earlier pioneered 30-minute delivery and established itself as a market leader in the QSR sector. The unparalleled 20-minute delivery announcement underlines Domino's delivery prowess is a benchmark proposition revolutionizing the QSR sector," Jubilant Foodworks, which owns Domino's franchisee in India, said in a stock exchange filing.

Hero MotoCorp: The two-wheeler manufacturer has announced the launch of all-new XPulse 200T 4V motorcycle. The bike will be available at a price of Rs 1,25,726. (ex-showroom).

Sudarshan Chemical Industries Ltd: Norges Bank (Government Pension Fund) has sold 7.03 lakh (1.02 per cent) shares at 377.01 per share. Stake reduced to 1.40 per cent from 2.41 per cent. The scrip had jumped 5.73 per cent to settle at Rs 377.85.

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