Ahead of the monthly expiry, the domestic benchmarks hit the intraday low and were trading at a loss of more than 1% on Thursday's afternoon deals. At 12:25 pm, the S&P BSE Sensex was trading at a loss of 648.51 points or 1.06% at 60,494.82. The Nifty 50 index was down 202.75 points or 1.11% and was trading at 18,008.20. The Nifty held on to the crucial 18,000 mark. Meanwhile, certain stocks were in action in either direction based on reports linked to them. Here is a list of a few such stocks:

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Buzzing stocks

IRCTC: Up 16.91%. Shares of Indian Railway Catering & Tourism Corporation (IRCTC) were trading around 17% higher at Thursday's afternoon deals as the stock trades ex-split today. The record date has been set as October 29, Friday for the sub-division of equity shares of Rs 10 each into five equity shares of Rs 2 each.

ABB India: Up 4.05%.

Bandhan Bank: Up 1.86%

Earnings Impact 

United Spirits: Up 6.41%. The beverage company has reported a 113% YoY rise in the standalone profit at Rs 273 crore for the quarter ended September 30, 2021. It had posted a profit of Rs 128 crore in the year-ago quarter. Its revenue from operations grew 14% YoY to Rs 2,447 crore as against Rs 2,146 crore posted last year. EBITDA grew 58% YoY to Rs 426 crore from Rs 296 crore posted last year. Margins improved to 17% in Q2FY22 as against 12.6% posted in Q2FY21.

IndusInd Bank: Up 5.01%. Private sector lender, IndusInd Bank has reported a 73% YoY rise in the standalone profit at Rs 1,147 crore for the quarter ended September 30, 2021. It had posted a profit of Rs 663 crore in the year-ago quarter. Net interest income - the difference between interest earned and interest expended - rose by 12% YoY to Rs 3,658 crore from Rs 3,278 crore posted in the year-ago quarter.

Torrent Power: Up 3.95%. The energy and power company has reported an 83% YoY rise in the consolidated profit at Rs 367 crore for the quarter ended September 30, 2021. It had posted a profit of Rs 201 crore in the year-ago quarter. Its revenue from operations rose 16.6% to Rs 3,648 crore as against Rs 3,129 crore posted last year. EBITDA grew 32% to Rs 938 crore in the period under consideration as against Rs 711 crore posted last year. Margins improved to 25.7% in Q2FY22 as against 22.7% posted in Q2FY21.

L&T: Up 2.91%. Engineering and Construction major Larsen & Turbo (L&T) has reported a 51.4% YoY rise in the consolidated profit at Rs 2,135 crore for the quarter ended September 30, 2021. It had posted a profit of Rs 1,410 crore in the year-ago quarter. Adjusted profit fell by 67% YoY to Rs 18,19.5 crore as against Rs 5,520 crore posted last year. Its revenue from operations grew 12% YoY to Rs 34,773 crore as against Rs 31,034 crore posted last year. Its EBITDA grew by 20% YoY to Rs 3,995 crore as against Rs 3,335 crore posted last year. Margins grew to 11.5% in Q2FY22 as against Rs 10.7% posted in Q2FY21. New orders grew by 50% YoY to Rs 42,140 crore. The company's total order book stands at Rs 3.3 lakh crore. 

SBI Life: Down 1.78%. The life insurance company has reported an 18% YoY decline in profit at Rs 246 crore for the quarter ended September 30, 2021. It had posted a profit of Rs 300 crore in the year-ago quarter. Net premium income increased 14% YoY to Rs 14,660 crore as against Rs 12,857 crore posted last year.

Titan: Down 1.67%. The Tata Group company has reported a 222% YoY rise in the standalone profit at Rs 641 crore for the quarter ended September 30, 2021. It had posted a profit of Rs 199 crore in the year-ago quarter. Its revenue from operations rose 66% to Rs 7,170 crore as against Rs 4,318 crore posted last year. EBITDA grew 225% to Rs 954 crore in the period under consideration as against Rs 294 crore posted last year. Its margins improved to 13.3% in Q2FY22 as against 6.8% posted in Q2FY21. 

ITC: Down 4.42%. Cigarette to hotels giant ITC Ltd has reported a 13.7% YoY rise in the standalone profit at Rs 3,697.2 crore for the quarter ended September 30, 2021. It had posted a profit of Rs 3,252.6 crore in the year-ago quarter. Its revenue from operations rose 12.6% to Rs 12,731 crore as against Rs 11,310 crore posted last year. EBITDA grew 12.9% to Rs 4,615 crore in the period under consideration as against Rs 4,088.2 crore posted last year. Its margins improved to 36.25% in Q2FY22 as against 36.2% posted in Q2FY21. 

Adani Port: Down 5.09%. India's largest private multi-port operator Adani Ports and Special Economic Zone Limited has reported a 31.4% YoY decline in the consolidated profit at Rs 951.7 crore for the quarter ended September 30, 2021. It had posted a profit of Rs 1,387 crore in the year-ago quarter. Exceptional item of Rs 405 crore hits profit. Its revenue from operations rose 21.7% to Rs 3,532.4 crore as against Rs 2,902.5 crore posted last year. Adjusted EBITDA grew 19.3% to Rs 2,207 crore in the period under consideration as against Rs 1,850.5 crore posted last year. Its adjusted margins fell to 62.5% in Q2FY22 as against 63.8% posted in Q2FY21.

Punjab National Bank: Down 9.50%. The public sector lender has reported a 78% YoY rise in the standalone profit at Rs 1,105 crore for the quarter ended September 30, 2021. It had posted a profit of Rs 621 crore in the year-ago quarter. Net Interest Income (NII) declined 25% to Rs 6,353 crore in the period under consideration as against Rs 8,455 crore posted last year. Provisions for bad loans dropped 30% YoY and 17% QoQ to Rs 2,692 crore as against Rs 3,811 crore in Q2FY21 and Rs 3,248 crore in Q1FY22. Gross non-performing assets (GNPA) dropped to 13.63% QoQ in Q2FY22 as against 14.3% in Q1FY22. The net NPA also dropped to 5.49% QoQ as against 5.84% posted in Q1FY22. The lender's equity stake of 12% will be reduced to 9% by December.

Cummins: Down 0.74%. The company has reported a 51% YoY rise in the standalone profit at Rs 220 crore for the quarter ended September 30, 2021. It had posted a profit of Rs 145.5 crore in the year-ago quarter. Its revenue from operations grew 49% YoY to Rs 1,727.4 crore as against Rs 1,160 crore posted last year. EBITDA grew 55% YoY to Rs 259.2 crore from Rs 167.4 crore posted last year. Margins grew marginally to 15% in Q2FY22 as against 14.4% posted in Q2FY21. 

United Breweries Limited: Down 4.61%. The beverage company has reported a 20x YoY rise in the standalone profit at Rs 81 crore for the quarter ended September 30, 2021. It had posted a profit of Rs 4 crore in the year-ago quarter. Its revenue from operations grew 58% YoY to Rs 1,426 crore as against Rs 901 crore posted last year. EBITDA grew 307% YoY to Rs 166 crore from Rs 41 crore posted last year. Margins improved to 11.6% in Q2FY22 as against 4.5% posted in Q2FY21.

Tata Chemicals: Down 8.67%. The Mumbai-based chemical company has reported a 216% YoY rise in the consolidated profit at Rs 221 crore for the quarter ended September 30, 2021. It had posted a profit of Rs 70 crore in the year-ago quarter. Its revenue from operations grew 16% YoY to Rs 3,023 crore as against Rs 2,609 crore posted last year. EBITDA grew 30% YoY to Rs 501 crore from Rs 386 crore posted last year. Margins improved to 16.6% in Q2FY22 as against 15% posted in Q2FY21.

Deepak Nitrite: Down 6.76%. The chemical manufacturer has reported a 49% YoY rise in the consolidated profit at Rs 254 crore for the quarter ended September 30, 2021. It had posted a profit of Rs 170 crore in the year-ago quarter. Its revenue from operations grew 70% YoY to Rs 1,681 crore as against Rs 987 crore posted last year. EBITDA grew 40% YoY to Rs 386 crore from Rs 276 crore posted last year. Margins contracted to 23% in Q2FY22 as against 28% posted in Q2FY21.

Oracle Financial Services Software: Down 7.59%. IT services company OFSS has reported a 14.7% QoQ decline in the consolidated profit at Rs 447 crore for the quarter ended September 30, 2021. It had posted a profit of Rs 524 crore in the previous quarter ended June 30, 2021. Its revenue from operations fell 8.3% QoQ to Rs 1,281 crore as against Rs 1,397 crore posted in the previous quarter. EBIT dropped 14.5% QoQ to Rs 605 crore as against Rs 7.07.7 crore posted in June 2021 quarter. Margin contracted to 47.2% in Q2FY22 from 50.7% posted in Q1FY22.

Adani Enterprises: Down 6.10%. Multinational conglomerate company has reported a 41.4% YoY decline in the consolidated profit at Rs 212.4 crore for the quarter ended September 30, 2021. It had posted a profit of Rs 362.4 crore in the year-ago quarter. Its revenue from operations grew 45% YoY to Rs 13,218 crore as against Rs 9,126 crore posted last year. EBITDA grew 15% to Rs 882.6 crore as against Rs 765.4 crore posted last year. Margins contracted to 6.7% in Q2FY22 as against 8.4% in Q2FY21.  

IPO Update 

Nykaa IPO: The initial public offering (IPO) of FSN E-Commerce Ventures Ltd, the parent company of the online beauty e-commerce platform Nykaa, was subscribed 0.35 times by 12:09 pm on the day of opening. The issue will close on Monday, November 1, 2021. The company has fixed a price band of Rs 1,085-1,125 per share as the company seeks to raise more than Rs 5,351.9 crore through the public offering. The IPO comprises a fresh issue of equity shares aggregating up to Rs 630 crore and an offer for sale (OFS) of up to 41,972,660 equity shares being offered by the selling shareholders. Bids can be made for a minimum of 12 equity shares and in multiples of 12 equity shares thereafter, a maximum of up to Rs 2 lakhs. The company is offering a discount of Rs 100 per Equity Share to Eligible Employee Category.

Declining stocks

Metal Stocks: Declining with Nifty Metal index trading with a fall of 1.62%. Stocks like NALCO - down 1.86%; Vedanta - down 1.76%; JSPL - down 2.51%; Hindustan Zinc - down 1.33%; Hindustan Copper - down 1.19%; Tata Steel - down 1.01% and Hindalco - 0.90% were trading with a fall.

PSU Banks: Declining with Nifty PSU Bank index trading with a fall of 3.02%. Stocks like Union Bank - down 4.35%; Indian Bank - down 3.67%; UCO Bank - down 2.05%; SBI - down 1.26%; PNB - down 9.50%; Bank of Baroda - down 2.88% and Bank of India - down 3.11% among others were trading with a fall.

Private Banks: Declining with Nifty Private Bank index trading with a fall of 0.63%. Stocks like IDFC First Bank - down 2.39%; ICICI Bank - down 1.87%; Kotak Mahindra Bank - down 2.13%; HDFC Bank - down 1.28%; Axis Bank - down 1.31% and RBL Bank - down 1.10% were trading with a fall.

Financial Stocks: Declining with Nifty Financial Services index trading with a fall of 1.60%. Stocks like Piramal Enterprises - down 1.47%; Cholamandalam Investment - down 1.46%; HDFC AMC - down 1.23%; HDFC - down 1.34% and Bajaj Finance - down 0.81% among others were trading with a fall.

Oil & Gas Stocks: Declining with Nifty Oil & Gas index trading with a fall of 1.51%. Stocks like ONGC - down 4.37%; Adani Total Gas - down 4.07%; Hindustan Petroleum - down 2.86%; MRPL - down 2.69%; Gujarat Gas - down 1.88%; Oil India - down 1.71%; IOC - down 1.45%; BPCL - down 1.02%; IGL - down 0.89%; GAIL - down 0.77%; MGL - down 0.40% and Reliance - down 0.37% were trading with a fall.

Realty Stocks: Declining with Nifty Realty index trading with a fall of 2.42%. Stocks like Oberoi Realty - down 3.08%; Godrej Properties - down 2.99%; Brigade Enterprises - down 2.85%; Indiabulls Real Estate - down 2.64%; DLF - down 2.63% and Sobha - down 1.63% among others were trading with a fall.
Consumer Durables Stocks: Declining with Nifty Consumer Durables index trading with a fall of 0.94%. Stocks like TTK Prestige - down 3.12%; Crompton Greaves Consumer - down 2.09%; Titan - down 1.67%; Relaxo - down 0.89%; Voltas - down 0.83% and Dixon Technologies - down 0.65% were trading with a fall.

Stocks in News

Krishna Institute of Medical Sciences Limited:  Up 6.53%. KIMS Hospitals has entered into definitive agreements to acquire a 51.07% stake in Sunshine Hospitals (M/s Sarvejana Healthcare private Limited) at an enterprise value of Rs 730 crore. The acquisition is a combination of an 18.52% stake (worth Rs 363 crore) through equity shares and the remainder through partly paid-up equity shares (worth Rs 133 crore), which shall be fully paid up by April 2022 based on an agreed schedule. The combined entity will have l2 hospitals across 9 cities with 3666 beds 
Maruti Suzuki: Up 2.02%. The automobile manufacturer will launch electric vehicles in the country only after 2025 as demand for such vehicles at the moment is less and it would like to sell around 10,000 units a month whenever it enters the electric mobility space, company Chairman RC Bhargava said on Wednesday.

Jubilant Foodworks Ltd: Down 1.20%. The food service company has entered into a share purchase agreement with Hashtag Loyalty Pvt. Ltd (HLPL) to acquire a 35% stake in the online food ordering platform for around Rs 25 crore. Hashtag Loyalty provided an online ordering platform, it is an enterprise tech in the food sector. HLPL is engaged in the business of providing a platform that allows brands their own online ordering systems to accept direct orders from customers and provides an enterprise-grade omnichannel customer engagement & marketing automation platform. It clocked revenues of Rs 1.13 crore in FY20.

Zomato: Down 1.26%. Zomato Ireland, a wholly-owned subsidiary of the company located in Lebanon, will shut down operations from December 15, 2021. It has a 2.4% contribution to the overall turnover of the company. Operations of Lebanon will be closed because the country has been going through an economic crisis with a depreciating currency for the last 2 years. The situation has become worse over the past few months and as a result, the business viability and future outlook for the region have deteriorated significantly. This closure is also in line with our broader strategy of focusing on our core India market. 

Vedanta: Down 1.76%. Monte Cello BV (“MCBV”), a 100% subsidiary of Vedanta Limited, has entered into a Term sheet agreement to divest Copper Mines of Tasmania (“CMT”) by way of an Option Agreement with New Century Resources. MCBV is 100% owner of the Mt Lyell Copper Mine in Australia, a small copper asset that has been on care and maintenance for the last 5 years and not strategic for Vedanta with its size and country presence. The terms of the Option Agreement include a minimum expenditure commitment of US$10 million over the two-year option period by New Century towards development and exploration, plus reimbursement of ongoing care and maintenance activities, with an option of right to terminate after 12 months. The transaction is subject to full-form documentation, which is expected to be signed by the end of October 2021.