The domestic markets were trading with marginal losses in the noon deals of Wednesday. At 1:06 pm, the S&P BSE Sensex was trading with a fall of 153.04 points or 0.29% at 52,435.67. The Nifty 50 index was trading at a loss of 38.35 points or 0.67% at 15,734.40. Meanwhile, certain stocks were in action in either direction based on reports linked to them. Here is a list of few such stocks:

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Earning Reaction

BEL: Bullish and trading 9.97% higher. The state-owned Aerospace and Defence Electronics Company reported a 30.6% YoY rise in the standalone profit at Rs 1,352 crore for the quarter ended March 31, 2021. It had posted a profit of Rs 1,035 crore in the corresponding quarter of the previous financial year. The sales grew 18.9% YoY to Rs 6.908 crore in the reported quarter as compared to Rs 5,806 crore posted last year. EBITDA stood at Rs 1,971 crore, up 32.9% from Rs 1,483 crore posted last year. The margin improved to 28.5% in Q4FY21 compared to 25.5% posted in Q4FY20. The board has announced a final dividend of Rs 1.20 per equity share for FY21. 

ITI: Up 6.07%. The state-owned telecommunications equipment company has reported a 525% YoY rise in the consolidated profit at Rs 200 crore for the quarter ended March 31, 2021. It had posted a profit of Rs 32 crore in the corresponding quarter of the previous financial year. 

Religare Enterprises: Up 0.84%. The Financial Services Company has reported a loss of Rs 67 crore for the quarter ended March 31, 2021. It had posted a net loss of Rs 416 crore in the corresponding quarter of the previous financial year. Sales grew 17% YoY to Rs 747 crore in the reported quarter compared to Rs 637 crore posted last year.

NMDC: Down 2.18%. The iron ore company has reported 8 times YoY rise in the profit at Rs 2,838 crore for the quarter ended March 31, 2021. It had posted a profit of Rs 351.5 crore in the corresponding quarter of the previous financial year. Revenue from operations grew 115% to Rs 6,848 crore compared to Rs 3,187 crore posted last year. EBITDA stood at Rs 4,243 crore, up 185% from Rs 1,491 crore posted last year. The margin improved to 61.95% in Q4FY21 compared to 46.8% posted in Q4FY20. Other income stood at Rs 85 crore compared to Rs 133 crore posted last year. The Q4FY21 was the best ever quarter for NMDC since inception. Domestic Realization stood at Rs 5,941/ton, up 71% YoY against Rs 3,473/ton. On a quarter-on-quarter basis, the domestic realization grew 35% from Rs 4,402/ton posted in the December quarter. 

GE Power: Down 2.27%. The power generation company has reported a 6.6% YoY rise in the consolidated profit at Rs 16 crore for the quarter ended March 31, 2021. It had posted a profit of Rs 15 crore in the corresponding quarter of the previous financial year. 

PNB Gilts: Down 9.68%. The company has reported a net loss of Rs 14 crore for the quarter ended March 31, 2021. It had posted a profit of Rs 99 crore in the corresponding quarter of the previous financial year. The board has recommended a final dividend of Rs 3 per share for FY21. 

Aster DM Health: Down 3.07%. The health care company has reported a 19.8% YoY decline in the consolidated profit at Rs 117 crore for the quarter ended March 31, 2021. It had posted a profit of Rs 146 crore in the corresponding quarter of the previous financial year.

IPO Update 

India Pesticides: India Pesticides’ initial public offering (IPO), which opened today for subscription, was subscribed 0.56 times by 12:30 pm. It seeks to raise Rs 800 crore from the issue at the price band of the issue at Rs 290-296 per share. The issue will close on June 25, 2021. 

Stocks in News

Garden Reach: Up 4.45%. The new 250 Ton Goliath Crane has commissioned on 22 Jun 2021 at the Main Works Unit of the Company at an approximate cost of Rs. 155 crore, which enhanced the capacity of the modernized infrastructure facility of the shipyard. The 250 ton Goliath Crane is a vital asset for the construction and repair of a wide range of modern and strategic warships

Cipla: Up 0.36%. Cipla receives final approval for a generic version of Sunovion Pharmaceuticals, Inc.'s Brovana. 

Piramal Enterprises: Up 0.75%. Piramal Pharma Limited (‘PPL’), a subsidiary of the Company has completed the acquisition of Hemmo Pharmaceuticals Private Limited (‘Hemmo’) on June 22, 2021, for an aggregate cash consideration of Rs 775 crore. 

United Breweries: Down 1.82%. The Competition Commission of India (CCI) has paved the way for the acquisition of additional equity shareholding of United Breweries Limited by Heineken International BV (HIBV). The proposed transaction relates to HIBV’s potential acquisition of additional equity stake up to a maximum of approximately 14.99% shareholding in UBL, it said.

PNB Housing: Down 4.99%. Punjab National Bank at the EGM vetoed the mortgage lender’s planned fundraising plan by Carlyle Group. It would propose an alternative plan to raise capital. SEBI and minority shareholders have raised concerns related to the fundraising plan. 

Buzzing Stocks

Paper Stocks: Buzzing. Stocks like JK Paper – Up 5.35%, West Coast Paper – Up4.86%, Ruchira Papers – up1.80% and Star Paper – Up 1.80% among others were trading with gain. 

Education Stocks: Buzzing. Stocks like Career Point – Up 7.20%, Aptech – up 3.96% and NIIT Ltd – up 3.01% among others were trading with gains. 

Footwear Stocks: Buzzing. Stocks like Khadim – up 16.65%, Mirza International – up 6.42%, Liberty Shoes – up 9.39% among others were trading with gains. 

Adani Power: Up 1.11%. 

IDBI Bank: Up 2.59%. 

CRISIL: Down 1.17%. 

Amber Enterprises: Up 4.16%. 

JK Paper: Up 5.42%. 

Godrej Agrovet: Up 10.79%. 

Himatsingka Seide: Up 3.16%.  

Maruti: Up 2.56%. 

Himadri Speciality: Up 4.39%. 

SKM Engineering: Up 5.18%.  

Venky’s: Up 12.67%. 

Orient Refractories: Up 4.45%. 

Metropolis: Up 0.81%. 

Radico Khaitan: Up 2.08%. 

Infibeam: Up 7.74%. 

Texmo Pipes: Up 0.32%. 

Mahidnra CIE: Up 3.16%. 

Voltamp Transformer: Up 4.05%. 

IFCI: Up 6.46%. 

Cyient: Down 2.19%

Stocks at Life High

Titan: Up 0.91. Meanwhile, earlier in the intraday trade, the stock hit a life high of 1,784.20. 

Thyrocare: Up 3.14%. Meanwhile, earlier in the intraday trade, the stock hit a life high of 1,395. 

ABB: Up 3.49%. Meanwhile, earlier in the intraday trade, the stock hit a life high of 1,851.10. 

Lux Industries: Up 2.92%. Meanwhile, earlier in the intraday trade, the stock hit a life high of 3,701.25. 

ICICI Prudential: Up 0.33%. Meanwhile, earlier in the intraday trade, the stock hit a life high of 613.50.