Domestic equity barometers were trading at a loss of more than one per cent in the early noon deals of Monday, February 7, 2022. At 12:45 pm, the S&P BSE Sensex was trading 632.32 points or 1.08 per cent down at 58,012.50. The Nifty 50 index was trading at a loss of 210.85 points or 1.20 per cent at 17,305.45. 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

GNFC: Up 15.14%.
GMDC: Up 1.89%.
NLC: Up 4.55%.
MAS Finance: Up 7.48%.
Blue Star: Up 4.96%.
Infibeam Avenues: Up 2.21%.
KEC International: Up 2.84%.
NTPC: Up 1.34%.
Power Grid: Up 1.93%.
Coal India: Up 1.15%.
Jain Irrigation: Up 2.77%.
Aries Agro: Up 1.37%.

Aviation Stocks: On a move. Stocks like IndiGo - up 10.20% and SpiceJet - up 1% were trading with gains.

PSU Bank: On a move. Stocks like Bank of Baroda - up 7.51%; Union Bank - up 5.63%; Indian Bank - up 5.31%; Bank of India - up 4.42%; PNB - up 2.41% and SBI - 2.34% were trading with decent gains.

Metal Stocks: On a move. Stocks like Ratnamani - up 5.42%; Vedanta - up 2.75%; Tata Steel - up 2.06% and National Aluminium - up 1.10% were trading with decent gains.

Oil & Gas Stocks: On a move. Stocks like Oil India - up 2.36%; GAIL - up 1.23%; ONGC - up 1.06%; Gujarat Gas - up 0.95% and Castrol India - up 0.86% were trading with gains.

Declining Stocks

Auto Stocks: Falling. Stocks like Hero MotoCorp - down 2.84%; TVS Motor - down 2.40%; Exide Industries - down 1.99%; Bajaj Auto - down 1.75% and Maruti Suzuki - down 1.34% were trading with huge losses in the negative territory.

FMCG Stocks: Falling. Stocks like Radico Khaitan - down 5.70%; United Spirits - down 2.75%; Britannia - down 2.59%; Godrej Consumer Products - down 2.40%; Tata Consumer - down 2.18%; ITC - down 1.84% and Nestle - down 1.78% were trading with huge losses in the negative territory.

Healthcare Stocks: Falling. Stocks like Lupin - down 7.38%; Strides Pharma - down 4.32%; Metropolis - down 3.60%; Apollo Hospitals - down 3.52%; Divi's Laboratories - down 2.62%; Cadila Healthcare - down 2.59%; Lal Path Labs - down 2.45% and Dr Reddy's - down 1.64% were trading with huge losses in the negative territory.

Private Banks: Falling. Stocks like HDFC Bank - down 2.83%; City Union Bank - down 2.49%; Kotak Bank - down 1.93%; ICICI Bank - down 1.81%; IndusInd Bank - down 1.52% and IDFC First Bank - down 1.04% were trading with huge losses in the negative territory.

IT Stocks: Falling. Stocks like LTTS - down 2.02%; Infosys - down 1.92%; Mindtree - down 1.88%; Wipro - down 1.76% and LTI - down 1.73% were trading with huge losses in the negative territory.

Realty Stocks: Falling. Stocks like Sunteck Realty - down 5.50%; Brigade Enterprises - down 3.72%; Oberoi Realty - down 3.12%; Phoenix Mills - down 2.42%; DLF - down 2.27% and Prestige Estate - down 1.38% were trading with huge losses in the negative territory.

Q3FY22 Earnings

Bank of Baroda: Up 7.51%. State-owned Bank of Baroda reported over two-fold jump in its net profit at Rs 2,197 crore in the quarter ended December 31, 2021. Its net profit was at Rs 1,061 crore in the year-ago period. The bank's net interest income (NII) - the difference between interest earned and interest expended - grew 14% YoY to Rs 8,552 crore in the reported quarter against Rs 7,477 crore posted last year. Net interest margin – a key profitability measure – was at 3.1% for the December quarter against 2.77% over the same period last year. Provisions and contingencies fell 51.38% YoY to Rs 2,080 crore against Rs 4,283 crore. Sequentially, provisions declined 20% from Rs 2,600 crore posted in the previous quarter. Loan book grew 3.4% YoY. The lender's asset quality improved with gross non-performing assets (NPAs) falling to 7.25% at the end of December 2021 against 8.11% posted in a year before that. Net NPA was at 2.25% against 2.83%. Credit Cost stood at 2.33% in Q3FY22 against 1.46% posted in Q2FY22. The bank saw fresh slippages of Rs 2,830 crore in the December 2021 quarter against Rs 5,223 crore posted in the September 2021 quarter while it recovered Rs 2,032 crore against Rs 1,966 crore posted in the previous quarter. It wrote off loans amounting to Rs 3,694 crore against Rs 5,213 crore written-off in the previous September 2021 quarter. 

Tata Steel: Up 2.06%. Steel major Tata Steel has reported a 159% YoY rise in the consolidated profits at Rs 9,573 crore for the quarter ended December 31, 2021. It had posted a consolidated profit of Rs 3,697 in the corresponding quarter last year. The company's revenue from operations grew 45% YoY to Rs 60,783 crore against Rs 41,935 crore posted last year. EBITDA stood at Rs 15,893 crore, up 66% against Rs 9568 crore posted in December 2020 quarter. Margin improved to 26% in Q3FY22 against 23% posted in Q3FY21. Its Consolidated EBITDA/Ton stood at Rs 22,663 crore against Rs 11,324 crore posted last year and Rs 24,112 crore posted in Q2FY22. Standalone EBITDA/Ton stood at Rs 28,631 crore against Rs 18,585 crore posted last year and Rs 30,739 crore posted in Q2FY22. Net debt/EBITDA is now below 1x. The merger of Tata steel BSL was completed. The company has reported a strong performance in Europe.

CreditAccess Grameen: Up 9.78%. Microfinance lender CreditAccess Grameen has reported a consolidated net profit of Rs 117 crore for the quarter to December 31, 2021, against a loss of Rs 79 crore in the year-ago period. The country's largest NBFC-MFI's net income from interest grew 35%YoY to Rs 412 crore against Rs 304 crore posted the last tear. Net interest margin grew 11.4% in Q3FY22 against 10% posted in Q3FY21. The company's gross NPA declined to 6.02% in the period under consideration against 7.67% posted last year. It wrote off loans amounting to Rs 190 crore in the quarter. 

Affle India: Up 6.02%. The company has reported a 102.6% YoY rise in the consolidated profit at Rs 62 crore for the quarter ended December 31, 2021, against a profit of Rs 30.6 crore posted in the corresponding quarter last year. Revenue from operations grew 126% YoY to Rs 339 crore against Rs 150 crore posted last year. EBITDA stood at Rs 68 crore up 78.9% YoY from Rs 38 crore posted last year. Margin dropped to 20.1% in Q3FY22 from 25.3% posted in Q3FY21. Inventory and data cost up 147% to Rs 215 crore. Employee benefit expenses up 131% to Rs 37 crore. Other Expenses up 118% to Rs 19.2 crore. AINT (subsidiary) has entered into a definitive Share Purchase Agreement to acquire 28.33% shares of Appnext Pte. Ltd for a consideration of $8.21 mn includes contingent incremental consideration of $4.75 mn for 18 months. Context: On June 8, 2020, AINT (wholly-owned subsidiary) acquired 66.67% shares of Appnext Pte. Ltd. and obtained options to acquire the remaining 28.33% shares and 5% shares of Appnext Pte. Ltd., within 3 years and 5 years respectively. 

InterGlobe Aviation: Up 10.20%. India's biggest airline company has reported a consolidated profit of Rs 130 crore for the quarter ended December 31, 2021, against a consolidated loss of Rs 1,436 crore posted in the previous quarter ended September 30, 2021. The airline's revenue from operations grew 65.7% QoQ to Rs 9,295 crore against Rs 5,608 crore posted in the previous quarter. EBITDAR grew 485.3% QoQ to Rs 1,996 crore against Rs 341 crore posted in September 2021 quarter. Margin improved to 21.5% in Q3FY22 against 6.1% posted in Q2FY22. The Passenger Load Factor (PLF) has also risen to 79.7% in Q3. The Board has unanimously approved the appointment of Mr. Rahul Bhatia, Non-Executive Director as the Managing Director of the Company, with effect from February 4, 2022.

Gujarat Sidhee Cement Limited: Up 2.50%. The company has reported a net profit of Rs 5.2 crore for the quarter ended December 31, 2021, against a net loss of Rs 0.12 crore posted in the corresponding quarter last year. Revenue from operations grew 16% YoY to Rs 178 crore against Rs 154 crore posted last year. EBITDA grew 450% YoY to Rs 11 crore against Rs 2 crore posted last year. Margin improved to 6% in Q3FY22 from 1% posted in Q3FY21. Besides, the Board of Directors of Gujarat Sidhee Cement Limited at its meeting held on February 5, 2022, has approved a scheme of amalgamation of the company with Saurashtra Cement Limited ("Transferee Company") their respective Shareholders. Upon effecting the scheme of Amalgamation, the entire undertaking of the Gujarat Sidhee together with all property, rights, powers and all debts, liabilities, duties and obligations relating thereto is proposed to be transferred to and vested in the Transferee Company on the terms and conditions fully stated in the said Scheme of Amalgamation. On the Scheme becoming effective, the Transferor Company shall stand dissolved without winding up and the Board and any committees thereof of the Transferor Company shall without any further act, instrument or deed be and stand discharged. For every 100 equity shares of Gujarat Siedhee, 62 equity shares of Saurashtra Cement will be available.

Shree Cement: Up 1.06%. The cement manufacturer has reported a 21.4% YoY decline in the net profit at Rs 492 crore for the quarter ended December 31, 2021. It had posted a profit of Rs 626 crore in the corresponding quarter last year. The company's revenue from operations grew 6.8% YoY to Rs 3,552 crore against Rs 3,325 crore posted last year. EBITDA fell 24.2% YoY to Rs 825.2 crore against Rs 1,089 crore posted last year. Margin contracted to 23.2% in Q3FY22 against 32.8% posted in Q3FY21. The board declared an interim dividend of Rs 45 per share for FY22, payable to those who hold shares on record date fixed by the company, i.e. Saturday, February 12, 2021. The board of directors of the company re-appointed Prashant Bangur as joint managing director of the company for a further period of five years with effect from April 1, 2022.

State Bank of India: Up 2.34%. India's largest lender State Bank of India (SBI) has reported a 62% YoY rise in its net profit at Rs 8,432 crore for the quarter ended December 31, 2021. It had posted a profit of Rs 5,196 crore in the corresponding quarter last year. The bank has registered its highest quarterly Net Profit The public-sector lender's net interest income (NII) grew 6.5% to Rs 30,687 crore against Rs 28,820 crore posted last year. Net interest margin (NIM) improved 6 basis points to 3.4% in the December quarter from 3.34% corresponding quarter last year. Gross NPA for the quarter stood at 4.5%, which was lower than 4.9% in the September quarter. The net NPA declined to 1.34% in the reported quarter against 1.52% posted in the previous quarter. Provisions and contingencies grew 15% YoY to Rs 3,096 crore against Rs 2,700 crore posted in the previous quarter. Slippages for the quarter stood at Rs 2,334 crore against Rs 4,176 crore posted in September 2021 quarter. The bank's loan book grew 8.5% YoY. 

Siemens: Down 1.31%. The company has reported a 6.5% YoY decline in the net profit at Rs 245 crore for the quarter ended December 31, 2021. It had posted a profit of Rs 262 crore in the corresponding quarter last year. The automation company's revenue from operation grew 11.7% YoY to Rs 3,240 crore against Rs 2,901 crore posted last year. EBITDA stood at Rs 332 crore, down 8% from Rs 361 crore posted last year. Margin contracted to 10.2% in Q3FY22 against 12.4% posted in Q3FY21. Besides, the company's new orders from continuing operations stood at Rs 5,300 crore, a 65.3% increase YoY. Its order backlog stands at a healthy Rs 15,575 crore. Profit was impacted due to continuing increases in commodity prices and lower FOREX gains. On Budget 2022, management welcomed the increased CapEx outlay of Rs 7.50 lakh crore. 

CDSL: Down 3.59%. India's listed Indian central securities depository services (CDSL) and a division of SEBI has reported a 35% YoY rise in the consolidated profit at Rs 83.6 crore for the quarter ended December 31, 2021. It had posted a profit of Rs 54 crore in the corresponding quarter last year. Total income grew 76% YoY to Rs 151 crore against Rs 86 crore posted last year. The company has opened 91 lakh Demat accounts during the Quarter.

Aarti Industries: Down 1.88%. The chemical manufacturer has reported a 367% YoY rise in the consolidated profit at Rs 772 crore for the quarter ended December 31, 2021. It had posted a profit of Rs 165 crore in the corresponding quarter last year. The company's revenue from operations grew 100% to Rs 2,376 crore against Rs 1,187 crore posted last year. Revenue includes termination fees of Rs 631 crore. EBITDA stood at Rs 966, up 238% YoY against Rs 285 crore posted last year. Margin improved to 41% in Q3FY22 against 24% posted in Q3FY21. The company has declared a 2nd interim dividend of Rs 1 per Equity Share and fixed February 16, 2022, as the record date. 

Godrej Agrovet: Down 2.17%. One of the biggest players in the animal feed business in India Godrej Agrovet has reported an 8.4% YoY decline in the consolidated profit at Rs 62.4 crore for the quarter ended December 31, 2021, against a profit of Rs 68.1 crore posted in the corresponding quarter last year. Revenue from operations grew 36.2% YoY to Rs 2,078.5 crore against Rs 1,526.2 crore posted last year. EBITDA up 21.2% YoY to Rs 136.2 crore in the reported quarter against Rs 112.4 crore posted last year. Margins declined to 6.6% in Q3FY22 against 7.4% posted in Q3FY21. the company has reported an exceptional loss of Rs 17.3 crore.  

Stocks in News

Godrej Properties: Up 2.73%. The board has decided not to proceed with any further evaluation of a potential investment in the equity capital of the DB Realty and the Platform. The Company may however continue to explore the possibility of evaluating projects with DB Realty on a case to case basis.

Gulf Oil Lubricants: Up 3.02%. The company's Board is scheduled to meet on February 9, 2022, to consider and approve inter-alia, the Unaudited Financial Results of the Company for the third quarter ended December 31, 2021. The Board will also consider the proposal to Buyback the fully paid-up equity shares of the Company of the face value of Rs. 2/- each. 

FDC: Up 5.01%. The company's Board is scheduled to meet on February 9, 2022, to consider and approve the Financial Results along with the Limited Review Reports of the Company for the quarter and nine months ended December 31, 2021. The Board shall also consider the proposal for buyback of fully paid-up equity shares of the Company through Tender Offer route, up to such amount of the aggregate of Company's paid-up equity share capital and free reserves as the Board. The company received GMP from Malaysia's National Pharmaceutical Regulatory Agency for the Oral solid dosage facility in Goa.

Dr Reddy's: Down 1.64%. The country’s apex drug regulator has granted emergency use permission to the single-dose Sputnik Light Covid vaccine in India, Union Health Minister Mansukh Mandaviya said on Sunday. This is the 9th #COVID19 vaccine in the country.