Domestic equity markets were trading with modest losses in the early noon deals on Thursday, January 20, 2021. At 12:42 pm, the S&P BSE Sensex was trading at a loss of 423.73 points or 0.71% at 59,675.09. The Nifty 50 index was trading 104.25 points or 0.58% down at 17,834.15. 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

MMTC: Up 3.75%.
HIL: Up 7.26%.
Gujarat Fluorochemicals: Up 2.60%.
Cholamandalam Investment: Up 5.65%.
Mahindra Holidays: Up 1.80%.
Power Grid: Up 3.23%.
Greaves Cotton: Up 6.21%.
Apollo Hospitals: Up 3.67%.
S Chand: Up 5.15%.
Tribhovandas Bhimji Zaveri: Up 5.93%.
Raymond: Up 1.53%.
Himadri Speciality: Up 9.30%.
Bharat Dynamics: Up 5.40%.

Hospital Stocks: On a move. Stocks like Kovai Medicine – up 1.29%; Lotus Eye – up 1.10% and Aster DM Healthcare– up 3.11% were trading at gains.

Metal Stocks: On a move. Stocks like Welspun Corp – up 2.84%; Hindustan Copper – up 2.74%; Coal India – up 1.89%; Jindal Steel – up 1.78%; NMDC – up 1.45% and National Aluminium – up 0.69% were trading with gains.  

Sugar Stocks: On a move. Stocks like Mawana Sugars – up 2.31%; Triveni Engineering – up 0.94%; Dwarikesh Sugar – up 1.14% and Balrampur Chini – up 1.81% were trading with gains.

Stocks at Life High

Tata Elxsi: Up 6.04%. Meanwhile, the stock hit a life high at Rs 7,439.70 per share earlier in the intraday trade today.

P&G Hygiene: Up 0.29%. Meanwhile, the stock hit a life high at Rs 16,448.70 per share earlier in the intraday trade today.

Losing Stocks

Reliance: Down 1.63%.  
TCS Electronics: Down 1.50%.
Laxmi Machine: Down 1.04%

Pharma Stocks: Declining. Stocks like Lupin – down 1.94%; Divi’s Laboratories – up 1.74%; Gland Pharma – up 1.70%; Laurus Labs – up 1.62%; Dr Reddy’s Laboratories – down 1.61% and Cipla – down 1.27% were trading in the negative zone.

IT Stocks: Declining. Stocks like Coforge – down 2.64%; Infosys – down 2.18%; TCS – down 159%; Tech Mahindra – down 1.23% and HCL Technologies – 1.05% were trading in negative territory.

Q3FY22 Earnings: 

NELCO: Up 5%. Security systems services company has reported a 55% QoQ rise in the consolidated profit at Rs 5.26 crore for the quarter ended December 31, 2021. It had posted a profit of Rs 3.4% in the previous quarter ended September 30, 2021. The company’s revenue from operations grew 18% to Rs 72 crore against Rs 61 crore posted in the previous quarter. Its EBITDA grew 26% QoQ to Rs 14.2 crore against Rs 11.26 crore posted in September 2021 quarter. The company’s margin stood at 19.75% in Q3FY22 against 18.45% posted in Q2FY22. 

Syngene International: Up 2.47%. The company has reported a 2% YoY rise in the consolidated profit at Rs 104 crore for the quarter ended December 31, 2021. It had posted a profit of Rs 102 crore in the corresponding quarter of last fiscal. The company’s revenue from operation grew 10% YoY to Rs 641 crore as against Rs 585 crore posted last year. Its EBITDA grew 15% YoY to Rs 203 crore against Rs 177 crore posted last year. Margin improved to 31.65% in Q3FY22 against 30.2% posted in Q3FY21. Besides, the company has updated its revenue guidance from mid-teen to high teen growth while providing margin guidance of above 30%. It said its CapEx for FY22 is expected to be between Rs 5 to 6 billion.

Bajaj Auto: Down 3.17%. Indian multinational two-wheeler and three-wheeler manufacturers on Wednesday reported a 22% YoY decline in its standalone profit at Rs 1,214 crore for the quarter ended December 31, 2022. It had posted a profit of Rs 1,556 crore in the corresponding quarter last fiscal. The company said that its revenue from operations grew 1.3% YoY to Rs 9,022 crore against Rs 8,910 crore posted last year. Bajaj Auto’s EBITDA declined 20.6% to Rs 1,373 crore against Rs 1,729 crore. The company’s margin contracted to 15.2% in Q3FY22 against 19.4% posted in Q3FY21.

Oracle Financial Services Software Ltd.: Down 6.31%. The IT services company has reported a 2.7% QoQ decline in the consolidated profit at Rs 435 crore for the quarter ended December 31, 2021. It had posted a profit of Rs 447 crore in the previous quarter ended September 30, 2021. The company said that its revenue from operations fell 1.2% QoQ to Rs 1,266 crore against Rs 1,281 crore posted in September 2021 quarter. EBIT dropped 7.3% QoQ to Rs 561 crore against Rs 605 crore posted in the previous quarter. The company’s margin contracted to 44.3% in Q3FY22 against 47.2% posted in Q2FY22. Besides, the company in a statement said that its product business grew by 3%, services business de-grew by 4%. The company signed license deals of $15.6 million during this quarter while the attrition stood at 29% vs 25% (QoQ). 

Tata Communication: Down 4.24%. The telecommunications company has reported a 7.1% QoQ decline in the consolidated profit at Rs 395 crore for the quarter ended December 31, 2021. It has posted a profit of Rs 425 crore in the previous quarter ended September 30, 2021. The company said that its revenue from operations grew 0.3% QoQ to Rs 4,185 crore against Rs 4,174 crore posted in the previous quarter. Its EBITDA fell 2.6% QoQ to Rs 1,083 crore compared to Rs 1,112 crore posted in September 2021 quarter. Margin fell to 25.9% in Q3FY22 against 26.6% posted in Q2FY22. Besides, the company said that its data business revenue (77.3% of revenue) for the quarter came in at Rs 3,233 Crore witnessing a growth of 3.4% YoY and 3.0% sequential growth. Voice business revenue (13.2% of revenue) for the quarter came in at INR 554 Crore witnessing a de-growth of 17.8% YoY and 8.6% sequential de-growth. 

ICICI Lombard: Down 3.48%. The insurance company has reported a 1.2% YoY rise in the profit at Rs 318 crore for the quarter ended December 31, 2021. It had posted a profit of Rs 314 crore in the corresponding quarter last fiscal. The company’s total income grew 26% YoY to Rs 3,854 crore against Rs 3,058 crore posted last year. The Gross Direct Premium Income (GDPI) of the Company grew 16.5% to Rs 4,699 crore against Rs 4,034 crore posted last year. 

CEAT: Down 2.31%. The tyre manufacturer has reported a consolidated loss of Rs 20 crore for the quarter ended December 31, 2021, compared to a profit of Rs 132 crore posted in the corresponding quarter last year. Its revenue from operations grew 9% to Rs 2,413 crore against Rs 2,221 crore posted last year. The company’s EBITDA declined 59% YoY to Rs 134 crore against Rs 327 crore posted last year. Its margin contracted to 5.54% in Q3FY22 against 14.74% posted in Q3FY21.

Mastek: Down 11.09%. The technology company has reported a 1.9% QoQ rise in the profits at Rs 73.6 crore for the quarter ended December 31, 2021. It had posted a profit of Rs 72.3 crore posted in the previous quarter ended September 30, 2021. The company’s revenue from operations grew 3.4% QoQ to Rs 552 crore against Rs 534 crore posted last year. EBIT grew 3.2% QoQ to Rs 105.6 crore against Rs 102.4 crore posted in September 2021 quarter. Margins stood at 19.1% in Q3FY22 against 19.2% posted inQ2FY22. Besides, the company added 25 new clients in Q3 and 12 months order backlog stands at Rs 1,271.3 crore. The board had declared an interim dividend of Rs 7 per share. 

Tejas Networks: Down 4.99%. The company has reported a consolidated loss of Rs 24 crore for the quarter ended December 31, 2022, compared to a profit of Rs 9.23 crore posted in the corresponding quarter last year. Its revenue from operations fell 21% to Rs 107 crore against Rs 135 crore posted last year. It posted a negative EBITDA of Rs 28 crore against a positive EBITDA of Rs 14 crore.

Rallis India: Down 5.93%. The company has reported a 13% YoY decline in the consolidated profit at Rs 40 crore for the quarter ended December 31, 2021. It had posted a profit of Rs 46 crore in the corresponding quarter last year. The company’s revenue from operations grew 10% YoY to Rs 628 crore against Rs 570 crore posted last year. Its EBITDA grew 12% YoY to Rs 67 crore against Rs 60 crore posted last year. The company’s margin stood at 10.64% in Q3FY22 against 10.50% posted in Q3FY21. 

JSW Ispat: Down 2.31%. The company has reported a consolidated loss of Rs 28 crore in the quarter ended December 31, 2021, compared to a profit of Rs 30 crore posted in the corresponding quarter last year. Revenue from operation grew 27% to Rs 1,473 crore against Rs 1,161 crore posted last year. Its EBITDA dropped by 39% to Rs 92 crore in the reported quarter against Rs 152 crore posted last year. Its margin dropped to 6.24% in Q3FY22 against 13% posted in Q3FY21. 

AGS Transact Technologies IPO: The Rs 680 crore initial public offering (IPO) of AGS Transact Technologies, a payment solutions provider, was subscribed 1.20 times by 12:32 pm on Thursday, the second day for bidding. The Qualified Institutional Buyers (QIBs) was subscribed 0.47 times while the Non Institutional Investors portion was subscribed 1.03 times and the Retail Individual Investors (RIIs) portion was subscribed 1.69 times. The issue will remain open for subscription till Friday, January 21, 2022. The company has fixed a price band of the IPO at Rs 166-175 per share. The IPO is entirely an offer for sale (OFS) by a promoter and other selling shareholders. Retail investors can bid for a minimum of 85 equity shares and in multiples of 85 shares thereafter.

Stocks in News

Pricol: Up 5.14%. AB Sun Life stake buying impact.

La Opala: Up 7.67%. Ashish Kacholia buys a 1.04% stake as per the latest shareholding pattern.
Som Distilleries: Up 7.03%. Up Impact of MP Government’s decision. The Madhya Pradesh Cabinet has approved a reduction in retail prices of liquor by 20 per cent. It also decided to allow the sale of liquor at all airports in the state and select supermarkets in four big cities. The cabinet also gave its nod to granting home bar licenses to those earning Rs 1 crore or more annually. The home bar license will be issued at an annual fee of Rs 50,000. 

Transformers and Rectifiers: Up 5.19%. The company has received orders worth Rs 73 crore of MP Power Transmission Package – II limited.

PTC India Financial: Down 15.79%. Three independent directors of the company, namely Kamlesh Shivji Vikamsey, Thomas Mathew T and Santosh B. Nayar, has resigned as Independent Directors on the Board of PTC India Financial Services with immediate effect citing instances of alleged serious lapses in corporate governance and compliance. They expressed displeasure about the lack of appropriate information being made available to the board. They raised questions on the loan worth Rs 125 crore sanctioned to NSL Nagapatnam Power. 

IFCI: Up 2.48%. The Board of Directors of the Company is scheduled to meet on January 25, 2022, to consider and approve the preferential issue of equity shares to the Government of India. It would raise up to Rs 100 crore through the issue.