Equity benchmarks, Nifty and Sensex, were trading at a gain of more than half a per cent in the early noon deals on Tuesday, January 4, 2022. At 12:20 pm, the S&P BSE Sensex jumped 405.61 points or 0.69% and was trading higher at 59,588.83. The Nifty 50 index was 103.50 points or 0.59% up and was trading at 17,729.20. Meanwhile, certain stocks were in action in either direction based on reports linked to them. Here is a list of some of such stocks: 

COMMERCIAL BREAK
SCROLL TO CONTINUE READING

See Zee Business Live TV Streaming Below:

Buzzing Stocks 

Hinduja Global: Up 9.79%.  
Apollo Tyre: Up 2.15%.  
HEG: Up 6.31%.  
Graphite India: UP 4.63%.  
Poonawalla Fincorp: Up 3.87%.   
Sona BLW: Up 1.90% 
Equitas Holdings: Up 2.38%. 
Tourism Finance Corp: Up 5.82%.  
Banking Stocks: On a move. Stocks AU Small Finance Bank – up 2.80%; Bandhan Bank – up 0.59%; SBI – up 2.26% Axis Bank – up 1.52% and Kotak Bank – up 1.29% were trading with gain.  
PSU Stocks: On a move. Stocks like NTPC – up 3.61%; ONGC – up 3.08% and Power Grid – up 1.71% were trading with gains.  
Footwear Stocks: On a move. Stocks like Mirza International – up 16.16%; Liberty Shoes – up 2.64% and Khadim – up 2.20% were trading with gains.  
Oil & Gas Stocks: On a move. Stocks like ONGC – up 3.08%; Reliance – up 1.30%; MRPL – up 1.26%; GAIL – up 1.14%; Oil India -up 0.80% and IOC – up 0.75% were trading with gains.  

Stocks at Life High 

Vardhman Textile: Up 3.29%. Meanwhile, the stock hit the 52-week high of Rs 2,587 per share in the intraday trade today. 
KPR Mills: Down 1.11%. Meanwhile, the stock hit the 52-week high of Rs 721 per share in the intraday trade today. 
Balrampur Chini: Up 8.39%. Meanwhile, the stock hit the 52-week high of Rs 407.70 per share in the intraday trade today. 
Schaeffler India: Down 0.63%. Meanwhile, the stock hit the 52-week high of Rs 9,375 per share in the intraday trade today. 
Fortis Healthcare: Down 1.62%. Meanwhile, the stock hit the 52-week high of Rs 313.45 per share in the intraday trade today. 
Gujarat Fluorochemicals: Up 1.89%. Meanwhile, the stock hit the 52-week high of Rs 2,559.75 per share in the intraday trade today. 
Affle India: Up 10.79%. Meanwhile, the stock hit the 52-week high of Rs 1,368.80 per share in the intraday trade today. 
 

Falling Stocks 

Firstsource Solutions: Down 1.49%.  
PI Industries: Down 1.44%.  
RBL Bank: Down 1.47%.  
Tata Motors: Down 1.95%.  
IT Stocks: Declining. Stocks like Mindtree – down 1.82%; Mphasis – down 1.26%; LTI – down 0.95% and Infosys – down 0.93% were trading in negative territory.  
 

Business Update Impact 

Marico: Down 2.45%. Marico in its quarterly update for Q3FY22 has said that the quarter was characterised by slowing consumption patterns which affected the sector as a whole. This was mainly due to continuing inflation impacting overall disposable incomes as well as rising mobility unleashing some degree of pent-up demand for discretionary goods, services, and out-of-home consumption. Rural demand was also sluggish, albeit optical to an extent, given the high base. Revenue growth in the quarter was in double digits, while volumes were flat, owing to the weaker consumption sentiment and a strong base. However, on a 2-year CAGR basis, volume growth was close to our medium-term aspiration. Parachute Coconut Oil had a muted quarter on a high base. Value-Added Hair Oils posted softer growth in value terms in the quarter but has delivered double-digit value growth on a 2-year CAGR basis. The Saffola franchise grew in the high teens in value terms, led by strong 20%+ growth in Foods, which is on course to reach the Rs 5 billion mark in revenues this year. Saffola Edible Oils volumes dropped, largely owing to higher in-home consumption in the base and weak trade sentiment due to fluctuating input prices. Premium Personal Care posted broad-based double-digit growth. Digital-first brands, Beardo and Just Herbs, also tracked in line with expectations. The International business delivered high teen constant currency growth on a healthy base. All markets fared positively, led by Bangladesh and a smart recovery in Vietnam.  
Karnataka Bank: Up 0.95%. In its quarterly update of Q3FY22, the bank has reported a 5% YoY and 2% QoQ rise in the loan book. Deposits grew by 6.3% YoY and 2% QoQ. The Bank’s CASA grew by 31.31% YoY against 30.08% posted in the same period last year.  

HDFC Ltd.: Up 0.75%. Mortgage lender Housing Finance Development Corporation Ltd (HDFC) in its business update for the quarter ending December 2021, on Monday, said the company has assigned loans amounting to Rs 7,470 crore in Q3FY22 compared to Rs 7,076 crore posted in the corresponding quarter of the previous year. Gross income from dividends for the quarter stood at Rs 195 crore compared to Rs 2 crore posted last year. Its liquidity buffer stood at approximately Rs 55,000 crore.  
 

Production Update Impact  

Vedanta: Down 5.23%. The company has announced its Q3FY22 production performance update and said the cast metal aluminium production at our smelters stood at 5,79,000 tonnes in Q3FY22, higher 16% in comparison to Q3FY21 and 2% as compared to Q2FY22. The Lanjigarh refinery produced 472,000 tonnes of alumina in Q3 FY22, 16% higher as compared to Q3 FY21 and 8% lower as compared to Q2 FY22. The iron ore production at Karnataka was 1.2 million tonnes, lower by 14% as compared to Q3FY21 and 4% as compared to Q2FY22 due to impact on operations because of heavy rainfall in Q3FY22. Iron ore sales at Goa few 90% YoY and 42% QoQ.  

Hindustan Zinc: Up 2.50%. The company in its production update for Q3FY22 said that its Integrated Metal production stood at 261000 tonnes, up 11% YoY, and 25% QoQ. Refined Zinc production stood at 214000 tonnes, up 17% YoY and 32% QoQ. Silver integrated production was 173000 Tonnes, down 5% YoY and up 14% QoQ. Wind Power production fell by 12% YoY and 62% QoQ. The integrated metal production in Q3FY22 was the highest ever quarterly integrated metal production.  

Maruti Suzuki: Up 1.08%. The carmaker has announced its December production number and said total production stood at 1.52 lakh units in December 2021, down 1.9% from 1.55 lakh units produced in December 2020. Total passenger vehicle production stood at 1.48 lakh units down 3.1% YoY from 1.53 lakh units. Total Mini+ Compact Sub Segment production stood at 1.06 lakh units down 6.1% YoY from 1.12 lakh units. Total Passenger Cars production stood at 1.079 lakh units down 5.7%. Besides, creating another new record, Maruti Suzuki India Limited on Monday announced that it has exported 205,450 vehicles in CY 2021. This is the highest ever export figure in any calendar year by the Company.  
 

Stocks in News 

Mirza International: Up 15.88%. Promoter buys 1 lakh shares.  

Ajmera Realty: Up 3.01%. Premium Realty Developer Ajmera Realty & Infra India ltd. has recently executed a development agreement to undertake a redevelopment project of Fairyland Co-operative Housing Society, located at an elite location of Juhu in Mumbai. Funded through a mix of debt and equity, this project is estimated to accrue a sales value of Rs 150 crores. The 10,520 sq ft plot will act as an enabler to the growth of quality housing and will comprise 15 flats in a single tower with a total saleable area of approximately 30,000 sq ft. This real estate project will primarily focus on residential apartments of 3 & 4 BHK flats.  

RailTel: Up 1.58%. The Board of Directors of the Company is scheduled to meet on Monday, January 10, 2022, to consider the declaration of Interim Dividend, if any, for the Financial Year 2021-22. The Company has fixed Friday, January 21, 2022, as 'Record Date' for the purpose of determining the eligibility of Members entitled to receive the Interim Dividend for the FY 2021-22.  

Hinduja Global: Up 8.43%. The Board of Directors of the Company will meet on January 6, 2022, to consider and approve the declaration of interim dividend, if any, for the financial year 2021-22, and proposal for declaration of Bonus Issue of Equity Shares.  

Wockhardt Ltd.: Up 2.85%. The Board of Directors of the Company will meet on January 6, 2022, to consider and approve various fund-raising options for the Company, as the Board may deem appropriate.  

SCI: Up 1.14%. The stock is buzzing after Zee Business exclusively reported that the divestment process of the Shipping Corporation of India (SCI) will gain momentum. Sources aware of the development informed Zee Business that the Cabinet Secretary will have a discussion next step that will be required for divestment of SCI. DIPAM has plans to complete the divestment process of the company soon. According to the sources, the non-core assets will be demerged and put into a new company, which will be listed separately. Financial bidders will bid for the core business. DIPAM has sent a proposal related to the disinvestment of SCI to MCA.