Domestic indices were trading at a loss of more than a half per cent in Tuesday’s noon deals. At 1:10 pm, the S&P BSE Sensex was trading 379.03 points or 0.72% lower at 52,473.24. The Nifty 50 index was trading 105.15 points or 0.66% lower at 15,719.30. 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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Earnings Reaction

Axis Bank: Down 2.78%. The private lender on Monday reported a 94% YoY rise in the standalone profit at Rs 2,160 crore for the quarter ended June 31, 2021. It had posted a profit of Rs 1,112 crore in the corresponding quarter of the previous financial year. 

L&T: Up 0.57%. The construction major has reported 3.9 times YoY jump in the consolidated profit at Rs 1,174.4 crore for the quarter ended June 30, 2021. It had posted a profit of Rs 303 crore in the corresponding quarter of the previous financial year. Sequentially, the profit fell 64.3% compared to Rs 3,293 crore posted in the previous quarter ended March 31, 2021.

Tata Motors: Down 0.84%. The automotive manufacturer has reported a loss of Rs 4,450 crore for the quarter ended June 30, 2021, as against a net loss of Rs 8,384 crore posted in the corresponding quarter of the previous financial year. 

DLF: Up 0.28%. The real estate company has reported a consolidated profit of Rs 337 crore for the quarter ended June 30, 2021, as against a loss of Rs 71 crore posted in the corresponding quarter of the previous financial year.

KPIT Technologies: Down 0.25%. The software company has reported a 14% QoQ rise in the consolidated profit at Rs 60.2 crore for the quarter ended June 30, 2021. It had posted a profit of Rs 52.8 crore in the previous quarter ended March 31, 2021. 

Zensar Technologies: Up 3.90%. The software company has reported a 14.4% QoQ rise in the consolidated profit at Rs 101 crore for the quarter ended June 30, 2021. It had posted a profit of Rs 88.3 crore in the corresponding quarter of the previous financial year. Sequentially, the profit grew 4.5% YoY from Rs 292.6 crore posted in the previous quarter ended March 31, 2021.

Jindal Stainless: Up 0.46%. The stainless-steel producer has reported a consolidated profit of Rs 305.8 crore for the quarter ended June 30, 2021, as against a consolidated loss of Rs 124 crore posted in the corresponding quarter of the previous financial year. 

SPARC: Down 7.30%. The pharma company has reported a loss of Rs 61.37 crore for the quarter ended June 30, 2021, as against a profit of Rs 56.7 crore posted in the corresponding quarter of the previous financial year. Sequentially, the profit stood at Rs 57 crore in the previous quarter ended March 31, 2021. 

IPO Update

Glenmark Life Sciences IPO: The initial public offer (IPO) of Glenmark Life Sciences which opened today for subscription was subscribed 1.52 times by 1 pm. The issue will close on July 29, 2021. The company seeks to raise up to Rs 1,513.6 crore from the primary market investors. The price band of the offer has been fixed at Rs 695-720 per share and investors can bid for a minimum of 20 equity shares, in a single lot, and in multiples of 20 equity shares thereafter. The initial public offer (IPO) will have fresh issues of equity shares worth up to Rs 1,060 crore and the sale of up to 63 lakh equity shares by Glenmark Pharma. Besides, Glenmark Life Sciences on Monday said it has raised Rs 454.32 crore from 19 anchor investors ahead of its initial share sale by allotting the shares at Rs 720 per share. Some of the anchor investors include names like HSBC Global, Government Pension Fund Global, Oak Tree Emerging Market and Jupitar India among others. 

Stocks in News

Biocon: Down 2.05%. Biocon Biologics Ltd., a fully integrated biosimilars company and a subsidiary of Biocon Ltd has said that U.S. based Adagio Therapeutics has granted an exclusive license to Biocon Biologics to manufacture and commercialize an antibody treatment based on ADG20 for India and select emerging markets. ADG20, a novel monoclonal antibody targeting the spike protein of SARS-CoV-2 and related coronaviruses, is in global clinical development by Adagio as a single agent for both the treatment and prevention of COVID-19, the disease caused by the SARS-CoV-2 virus, its variants, as well as future variants that may emerge. Under the terms of the deal, Biocon Biologics will get access to the clinical and nonclinical data from Adagio’s EUA submission to the U.S. Food and Drug Administration to seek approvals in the emerging markets.

Balkrishna Industries: Down 0.60%. HDFC Mutual Fund has sold 38.7% lakh shares (2% equity) of the company in the market. With this, HDFC Mutual Fund’s stakes in the company have declined from 5.99% to 3.99%. 

Indiabulls Housing Finance: Down 2.40%. Societe Generale has sold 33.3 lakh shares at Rs 289.33/share. 

Buzzing Stocks

CAMS: Up 0.95%. 

Happiest Minds: Up 7.29%. 

Route Mobile: Up 2.93%. 

Zomato: Up 1.07%. 

Inox Leisure: Up 5.88%.

Hikal: Up 1.77%. 

PVR: Up 1.21%. 

Sunglag Iron: Up 2.24%. 

Equitas Holdings: Up 4.58%. 

Datamatics Global: Up 9.99%.

Piramal Enterprises: Up 5.26%.

Golden Tobacco: Up 20%.

Graphite India: Up 4.16%.

L&T Technologies: Up 2.95%.

Real Estate Stocks: Moving Up. Stocks like Purvankara – up 1.01%, Kolte Patil – up 2.30%, DLF – up 0.42%, Ashiana Housing – up 1.39% were trading higher.  

Tea and Coffee Stocks: Moving Up. Stocks like Goodricke – up 11.34%, Jay Shree Tea – up 10.20%, Mcleod Russel – up 4.98%, Tata Coffee – up 3.46%, Harrison – up 4.84% were trading higher. 

Broking Stocks: Moving Up. Stocks like ICICI Securities – up 2.80%, IIFL Finance – up 1.90%, Geojit Finance – up 2.33% were trading higher. 

Sugar Stocks: Moving up. Stocks like Bajaj Hindustan – up 4.99%, Rana Sugar – up 4.90%, Renuka Sugar – up 4.86%, Andhra Sugars – up 2.56%, Dwarikesh Sugar – up 4.28%, EID Parry – up 2.36%, Mawana Sugar – up 4.96% were trading higher.

Metal Stocks: Moving Up. Stocks like Hindalco – up 4.24%, Hind Copper – up 3.13%, Nalco – up 1.97% were trading higher.  

Stocks at Life High

Gujarat Fluorochemicals: Down 0.40%. Meanwhile, the stock touched the life high of 1,773.10 earlier in the intraday trade, today.

KPR Mills: Up 1.36%. Meanwhile, the stock touched the life high of 1,920.95 earlier in the intraday trade, today.

Lux Industries: Down 0.67%. Meanwhile, the stock touched the life high of 4,350 earlier in the intraday trade, today.

Apollo Hospitals: Down 0.49%. Meanwhile, the stock touched the life high of 4,189.65 earlier in the intraday trade, today.

Ajanta Pharma: Up 1.31%. Meanwhile, the stock touched the life high of 2,262 earlier in the intraday trade, today.

ACC: Up 0.39%. Meanwhile, the stock touched the life high of 2,395 earlier in the intraday trade, today.

Bambino: Up 17.41%. Meanwhile, the stock touched the life high of 406 earlier in the intraday trade, today.  

KPIT Technologies: Down 0.25%. Meanwhile, the stock touched the life high of 315.65 earlier in the intraday trade, today. 

Jubilant FoodWorks: Up 3.47%. Meanwhile, the stock touched the life high of 3,708.10 earlier in the intraday trade, today. 

Zensar Technologies: Up 3.90%. Meanwhile, the stock touched the life high of 422.85 earlier in the intraday trade, today.  

Pfizer: Up 3.86%. Meanwhile, the stock touched the life high of 6,104 earlier in the intraday trade, today.  

Alkyl Amines: Up 5.66%. Meanwhile, the stock touched the life high of 4,749 earlier in the intraday trade, today.  

Sagar Cement: Up 5.55%. Meanwhile, the stock touched the life high of 1,390 earlier in the intraday trade, today.  

Everest Industries: Up 3.45%. The stock has gained 10% in the last five sessions. Meanwhile, the stocks touched a life high of 500 earlier in the intraday trade, today.  

Dr Lal PathLabs: Up 2%. The stock is at the all-time high of 3,669.90 earlier today in the intraday trade. 

Titagarh Wagons: Up 2.39%. Meanwhile, the stock touched the life high of 1,390 earlier in the intraday trade, today.  

CCL Products: Up 6.07%. Meanwhile, the stock touched the life high of 449 earlier in the intraday trade, today.

Lux Industries: Down 1.62%. Meanwhile, the stock touched the life high of 4,350 earlier in the intraday trade, today.

Rain Industries: Up 0.49%. Meanwhile, the stock touched the life high of 263.45 earlier in the intraday trade, today.

Jindal Saw: Up 6.37%. Meanwhile, the stock touched the life high of 145.25 earlier in the intraday trade, today.