Domestic stocks markets were trading at an intraday low amid broad-based selling pressure in the early noon deals of Monday, January 24, 2022. At 12:33 pm, the S&P BSE Sensex was trading at a loss of 1,161.32 points or 1.97% at 57,875.86. The Nifty 50 index was down 359.90 points or 2.04% and was trading at 17,257.25. Meanwhile, certain stocks were in action in either direction based on reports linked to them. Here is a list of some of such stocks:

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Buzzing Stocks

Inox Leisure: Up 1.39%.
CSB Bank: Up 2.30%.
CCL Products: Up 2.05%.
ONGC: Up 1.41%.
Concor: Up 1.13%
Cipla: Up 2.54%.
Lupin: Up 1.95%.  
Motherson Sumi: Up 1.02%.
JK Laxmi Cement: Up 1.68%.
Bharat Dynamics: Up 1.29%.
Banaras Beads: Up 2.01%.
Astec LifeSciences: Up 1.50%.

Falling Stocks

Angel One: Down 8.57%.
Max Financial: Down 1.40%.
Nazara Technologies: Down 5%.
Bajaj Finance: Down 4.45%.
Bajaj Finserv: Down 3.56%.
IRCTC: Down 5.24%.
Divi's Laboratories: Down 4.03%.
AllCargo Logistics: Down 6.93%.
Ashok Leyland: Down 4.56%.
Info Edge: Down 5.81%.
Navin Fluorine: Down 3.78%.
Suprajit Engineering: Down 6.50%.
BSE Ltd.: Down 5.63%.
Tata Motors: Down 3.39%.
HEG: Down 3.71%.
Bata India: Down 4.44%.
Delta Corp: Down 6.04%.
SBI Cards: Down 4.12%.  
HDFC Life: Down 1.97%.

Banking Stocks: Declining. Stocks like RBL Bank - down 6.44%; IDFC First Bank - down 2.57%; Kotak Bank - down 1.89%; HDFC Bank - down 1.59%; Federal Bank - down 1.44%; Punjab National Bank - down 1.43% and Axis Bank - down 1.20% were trading in negative territory.

Auto Stocks: Declining. Stocks like Ashok Leyland - down 4.59%; Tata Motors - down 3.28%; Bosch - down 3.12%; Mahindra & Mahindra - down 1.85%; Eicher Motors - down 1.76% and Hero MotoCorp - down 1.72% were trading in negative territory.

IT Stocks: Declining. Stocks like Mindtree - down 5.13%; Mphasis - down 5.11%; Coforge - down 5.10%; LTI - down 4.52%; Tech Mahindra - down 4.30%; Wipro - down 3.83% and HCL Technologies - down 2.50% were trading in a negative territory.

Metal Stocks: Declining. Stocks like Hindustan Copper - down 7.09%; National Aluminium - down 5.50%; APL Apollo - down 5.10%; JSW Steel - down 4.57%; Jindal Steel - down 4.26%, Welspun Corp - down 4.21% and Hindalco - down 4.13% were trading in negative territory.

Pharma Stocks: Declining. Stocks like Gland Pharma - down 5.94%; Natco Pharma - down 4.10%; Granules - down 3.67%; Divi's Laboratories - down 3.50%; Abbot India - down 3.30%; Aurobindo Pharma - down 2.98% and Laurus Labs - down 2.79% were trading in negative territory.

Realty Stocks: Declining. Stocks like Sobha Ltd - down 7.66%; Godrej Properties - down 5.93%; Macrotech Developers - down 5.55%; Phoenix - down 5.30%; Suntech Realty - down 5.40%; Prestige Estate - down 4.88% and Indiabulls Real Estate - down 4.32%were trading in a negative territory.

New-age Stocks

Zomato: Down 18.43%.
Nykaa: Down 10.81%.
RateGain: Down 8.50%.
Latent View: Down 7.58%.
MapmyIndia: Down 8.64%.
Paytm: Down 5.87%

Q3FY22 Earnings Impact

Sharda CropChem: Up 13.27%. The company has reported a 110% YoY rise in the consolidated profit at Rs 101 crore for the quarter ended December 31, 2021. It had posted a profit of Rs 48 crore in the corresponding quarter last year. The company's revenue from operations grew 78% YoY to Rs 880 crore compared to Rs 494 crore posted last year. EBITDA grew 74% to Rs 188.43 crore compared to Rs 108.44 crore posted last year. Margin stood at 21.41% in Q3FY22 compared to 22% posted in Q3Fy21. Besides, the company has declared a dividend of Rs 3 per equity share. The record date is February 2, 2022. 

ITDC: Up 8.45%. A cabinet note on the divestment of ITDC has been given to the Cabinet Secretary, sources aware of the development. PMO, DIPAM and Tourism Ministry meeting on divestment was held yesterday. Discussion on asset monetisation of Ashok Hotel is likely to be discussed in the Cabinet soon. The government has plans to lease around 2 acres of land out of 8.1 acres for 60 years to raise around Rs 7,000 crore. It is planning to raise Rs 5000 crore by leasing out Ashoka Hotel and Rs 2,000 crore through asset monetisation of Ashok Hotel plans.

Bandhan Bank: Up 2.52%. The private lender has reported a 36% YoY rise in the profits at Rs 859 crore for the quarter ended December 31, 2021. It had posted a profit of Rs 632 crore in the corresponding quarter last year. The bank's net interest income grew 2.6% YoY to Rs 2,125 crore compared to Rs 2,072 crore posted last year. Provisions for the quarter fell 25% YoY to Rs 806 crore from Rs 1,078 crore in the same period last year. Sequentially, provisions fell 86% QoQ from Rs 5,613 crore posted in the previous quarter ended September 30, 2021. Its loan book grew 9.6% in the reported quarter. Disbursement grew YoY to Rs 10,520 crore in Q3FY22 compared to Rs 5,010 crore posted in the same period last year. It wrote off loans worth Rs 1200 crore in the quarter. The Bank's Gross NPA declined to 10.81% from 10.82% posted in the previous quarter ended September 30, 2021. Its Net NPA ratio declined to 3.01% from 3.04% in the preceding quarter. Collection efficiency stood at 96% in Q3FY22 compared to 88% in Q3FY21.

ICICI Bank: Down 1.35%. The private lender ICICI Bank has reported a 25% YoY rise in the profit at Rs 6,194 crore for the quarter ended December 31, 2021. It had posted a profit of Rs 4,940 crore in the corresponding quarter last fiscal. The bank's net interest income (NII) jumped 23.4% to Rs 12,236 crore in the reported quarter compared to Rs 9,912 crore posted last year. Provisions for the quarter fell 27% YoY to Rs 2,007 crore from Rs 2,742 crore in the same period last year. Its loan book grew 18% YoY and 5% QoQ while the retail book was 19% up YoY and 6% higher QoQ. The Bank's Gross NPA declined to 4.13% from 4.82% posted in the previous quarter ended September 30, 2021. Its Net NPA ratio declined to 0.85% from 0.99% in the preceding quarter, the lowest since March 31, 2014. During the quarter, the write-offs grew QoQ to Rs 4,088 crore from Rs 1,717 crore posted in the preceding quarter. Slippages fell 28% QoQ to Rs 4,018 crore compared to Rs 5,578 crore posted in September 2021 quarter. Recoveries and upgrades were Rs 4,209 crore in Q3FY22 compared to Rs 5,482 crore posted in Q2FY22. Besides, ICICI Bank on Friday said that independent director Rama Bijapurkar has submitted her resignation from the board of directors of the bank, effective January 23, 2022.

Reliance Industries: Down 2.62%. The conglomerate has reported a 32.7% QoQ rise in the consolidated profit at Rs 20,539 crore for the quarter ended December 31, 2021. It had posted a profit of Rs 15,479 crore in the previous quarter ended September 30, 2021. The company's revenue from operations grew 10.4% QoQ to Rs 1,85,027 crore compared to Rs 1,67,611 crore posted in the previous quarter. EBITDA grew 14.2% QoQ to Rs 29,706 crore compared to Rs 26.020 crore posted in the preceding quarter. Margins improved to 16% in Q3FY22 compared to 15.5% posted in Q2FY22. Besides, the company has reported an exceptional profit of Rs 2836 crore ( Profit from sale of Shale Gas assets in North America, Has completely exited from shale gas business in North America).  

L&T Finance: Down 2.71%. The company has reported a 12% YoY rise in the profit at Rs 326 crore for the quarter ended December 31, 2021. It had posted a profit of Rs 290.6 crore posted in the corresponding quarter last year. Net interest income (NII) fell 18% to Rs 1,364 crore compared to Rs 1,661 crore posted last year. Gross NPA grew to 5.91% QoQ in Q3FY22 compared to 5.74% in Q2FY22 while the net NPA grew to 3.03% in the reported quarter compared to 2.81% posted in Q2FY22. Its lending book shrunk 15% YoY to Rs 85,552 crore. Collection Efficiencies have recovered to pre-COVID levels. 

Vodafone Idea: Down 7.59%. The telecom major has reported an expansion in the consolidated profit at Rs 7,231 crore in the quarter ended December 31, 2021, compared to Rs 7,132 crore posted in the previous quarter ended September 30, 2021. The company's revenue from operations grew 3.3% QoQ to Rs 9,717 crore compared to Rsa 9,406 crore posted in the previous quarter. EBITDA declined 1.2% QoQ to Rs 3,817 crore from Rs 3,862 crore. EBITDA margin dropped to 39.3% in Q3FY22 from 41.1% posted in Q2FY22. ARPU during the quarter of Rs 115 per subscriber per month, up 5.5% from Rs 109 per subscriber.

Yes Bank: Down 1.09%. The private lender has reported a 76% YoY rise in the profits at Rs 266 crore for the quarter ended December 31, 2021. It had posted a profit of Rs 151 crore in the corresponding quarter last year. The net interest income fell 31% YoY to Rs 1,764 crore compared to Rs 2,560 crore. Provisions for the quarter stood at Rs 375 crore compared to Rs 377 crore posted in the previous quarter ended September 30, 2021. The Bank's Gross NPA declined to 14.65% in Q3FY22 from 15% in Q2FY22. Its Net NPA ratio declined to 5.29% in the reported quarter from 5.5% in the preceding quarter. Besides, Yes Bank has plans to transfer its entire bad loan book worth Rs 50,000 crore to its proposed asset restructuring company (ARC). NPAs will be completely zero after being transferred to ARC. In the process, it will transfer legacy stress accounts to ARC by March or the maximum June quarter. The bank has shortlisted four investors for ARC company, the bank will also infuse capital up to 20% in it. The bank has reduced its credit growth target from 15% to 10% in FY22. Now the bank does not need capital. 

Gland Pharma: Down 5.94%. The pharmaceutical company has reported a 34% YoY rise in the consolidated profit at Rs 273 crore for the quarter ended December 31, 2021. It had posted a profit of Rs 204 crore in the corresponding quarter last year. The company's revenue from operations grew 24% YoY to Rs 1,063 crore in the reported quarter from Rs 859 crore posted last year. EBITDA grew 32% YoY to Rs 349 crore from Rs 264 crore posted last year. the margin grew to 33% in Q3FY22 from 31% posted in Q2FY22.

Seshasayee Paper & Boards: Down 5.61%. The company has reported a 300% YoY rise in the consolidated profit at Rs 5.9 crore for the quarter ended December 31, 2021. It had posted a profit of Rs 4.54 crore posted in the corresponding quarter last year. The company's revenue from operations grew 103% YoY to Rs 334.1 crore compared to Rs 164.46 crore posted last year. EBITDA grew 3% YoY to Rs 15.23 crore compared to Rs 14.82 crore posted last year. The margin contracted to 4.56% in Q3FY22 from 9% posted in Q3FY21. 

 Stocks on News

Intellect Design: Down 5.79%. - iGTB launches cloud-native, contextual Virtual Account Management 2022 as a SaaS offering.

PTC India Financial: Down 8.79%. The Company has received a communication dated January 22, 2022, from the SEBI informing that the company is directed to address the CG issues and all other issues raised by the resigning IDs and ex-Chairperson first, before holding any Board meeting and to file an action taken report in the regard to SEBI within 4 weeks.   

PTC India: Down 5.45%. Rakesh Kacker has resigned as Independent Director on the Board of PTC India Ltd with immediate effect. Besides, the company has constituted an internal committee for issues of PFS and has also informed the matter to RBI and exchanges. All the independent directors were aware of the working of the company. Some issues are 10 years old

Titagarh Wagons: Down 1.79%. Titagarh Firema S.p.A., the subsidiary of the Company in Italy ('TFA'), has signed the framework agreement for design, manufacture, supply and ten years of maintenance of 38 trainsets of Metro for Lazio Regione, Italy. The total value of the framework agreement is Euro 282 million, equivalent to Rs 2,380 crore approx.

Exide Industries: Down 1.73%. 'Exide Industries Limited' ('EIL') has increased its stake in JV Exide Leclanche Energy by 0.9%to 84.9% with an investment of around Rs 20 crore. The JV is into manufacture, assembly, trade, sale and distribution of lithium-ion batteries, module making and associated systems (“Products”) in the Territory (“Battery Pack Assembly Plant”).

HDFC Ltd: Down 1.83%. Subsidiary HDFC Capital raises around Rs 14,000 crore for the affordable housing fund. The fund was primarily invested by the Abu Dhabi Investment Authority.