Coastal Corporation, Lakshmi Machine to Plastiblends India - here are the top Buzzing Stocks today
Domestic equity markets were trading with a decent loss amid negative global cues in the early noon deals of Friday, January 14, 2022.
Domestic equity markets were trading with a decent loss amid negative global cues in the early noon deals of Friday, January 14, 2022. At 12:38 pm, the S&P BSE Sensex was trading at a loss of 198.25 points or 0.32 per cent at 61,037.05. The Nifty 50 index was 53.50 points or 0.29 per cent down and was trading at 18.204.30. Meanwhile, certain stocks were in action in either direction based on reports linked to them. Here is a list of some of such stocks:
Coastal Corporation: Up 20%.
Dollar Industries: Up 9.26%.
Rategain Travels: Up 8.94%.
Tata Consumers: Up 4.70%.
HP Adhesives: Up 3.64%.
Kaveri Seeds: Up 4.07%.
Paytm: Up 3.10%.
Nazara Technologies: Up 3.51%.
Affle India: Up 3.61%.
Praj Industries: Up 4.22%.
Delta Corp: Up 2.55%.
Laxmi Organics: Up 2.32%.
Poonawalla Fincorp: Up 2.69%.
Coffee Day: Up 19.93%.
GMDC: Up 6.66%.
Tata Chemicals: Up 1.67%.
IRCTC: Up 3.35%.
Delta Corp: Up 2.55%.
DB Corp: Up 2.51%.
Bharat Gears: Up 3.02%.
Tanla Platform: Up 5%. Meanwhile, the stock touched the life high of Rs 2.065.95 per share earlier in the intraday trade today.
Lakshmi Machine: Up 5.56%. The stock crossed the Rs 10,000 today and touched a life high of Rs 10,439.95 per share today in the intraday trade.
Tea & Coffee Stocks: On a move. Stocks like Tata Coffee – up 1.26%; McLeod Russel – up 2.23% and Harrison Malayalam – up 1.97% were trading with gains.
Textile Stocks: On a move. Stocks like Trident - up 4.94%, Laxmi Machine - up 5.56% and Himatsingka Seide - up 0.71% were trading with gains.
Offshore Drilling Stocks: On a move. Stocks like Asian Energy – up 7.63%; Jindal Drilling – up 3.59%; and Selan Explorations – up 1.82% were trading with gains.
Realty Stocks: On a move. Stocks like Sobha Ltd – up 3.08%; Oberoi Realty – up 2.57%; Indiabulls Real Estate – up 1.83%; Prestige Estate – up 1.81%; Sunteck Realty – up 1.69% and Godrej Properties – up 1.20% were trading with gains.
Aurobindo Pharma: Down 4.01%.
Alkem Lab: Down 1.72%.
GSK Pharma: Down 1.47%.
Banking Stocks: Declining. Stocks like AU Small Finance Bank – down 3.32%; Axis Bank – down 2.67%; Federal Bank – down 1.59%; ICICI Bank – down 1.27%; Kotak Bank – down 1.05% and IDFC First Bank – down 1% were trading in the negative territory.
Auto Stocks: Declining. Stocks like M&M – down 1.13%; Hero MotoCorp – down 1.05%; TVS Motor – down 0.49% and Eicher Motor – down 0.45% were trading in the negative territory.
Financial Services: Declining. Stocks like HDFC – down 1.77%; M&M Finance – down 0.87%; Muthoot Finance – down 0.76%; REC Ltd – down 0.64% and Bajaj Finance – down 0.40% were trading in negative territory.
FMCG Stocks: Declining. Stocks like Nestle India – down 2.09%; Hindustan Unilever – down 1.64%; Dabur – down 1.55% and Godrej Consumer Products – down 0.72% were trading in negative territory.
Q3FY22 Earning Reactions: Plastiblends India + Mindtree + Tata Metaliks
Plastiblends India: Up 3.17%. The manufacturer and exporter of Colour & Additive Master Batches on Thursday reported a 6.1% YoY rise in the consolidated profit at Rs 12.1 crore for the quarter ended December 31, 2021. It had posted a profit of Rs 11.4 crore in the corresponding quarter of the previous financial year. Its revenue from operations grew 8.8% to Rs 174 crore in the period under consideration compared to Rs 160 crore posted last year. EBITDA dropped by 0.5% to Rs 19.6 crore from Rs 19.7 crore posted last year. The Margin declined to 11.3% in Q3FY22 from 12.3% posted in Q3FY21. The company has achieved the highest ever quarterly income of Rs 175 crore.
Mindtree: Down 4.24%. IT firm Mindtree on Thursday reported a 9.6% QoQ rise in the consolidated profit at Rs 437.50 crore for the quarter ended December 31, 2021. It posted a profit of Rs 399 crore in the previous quarter ended September 30, 2021. Its revenue from operation grew 6.3% to Rs 2,750 crore in the period under consideration compared to Rs 2,586 crore posted in September 2021 quarter. Its revenue in dollar terms grew 4.6% to $36.6 crore compared to Rs 35 crore posted in the last quarter. EBIT grew by 12.8% to Rs 529 crore compared to Rs 469 crore. The margin improved to 19.2% in Q3FY22 from 18.1% posted in Q2FY22. The company's sequential revenue growth of 5.2 per cent in constant currency. The attrition level grew to 21.9% in the quarter ended December 2021 against 17.7% posted in September 2021 quarter. The company’s year-to-date deal TCV (total contract value) crossed USD 1.2 billion.
Tata Metaliks: Down 3.49%. The manufacturer of pig iron and DI pipes in India has reported a 52.5% YoY decline in its consolidated profit at Rs 35.7 crore for the quarter ended December 31, 2021. It had posted a profit of Rs 75.2 crore in the corresponding quarter of the previous financial year. Its revenue from operations grew 31.2% to Rs 690 crore in the period under consideration against Rs 526 crore posted last year. EBIDTA declined 46.5% to Rs 68 crore in the December 2021 quarter against Rs 127 crore posted in December 2020 quarter. Its margin contracted to 9.9% in Q3FY22 from 24.1% posted in Q3FY21. The company in a statement has said that the cost of material, changes in inventory and other expense increase led to margin fall.
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