The domestic markets continued the uptrend and were trading around 0.20% higher on Friday’s noon deals. At 12:52 pm, the S&P BSE Sensex was trading 121.27 points or 0.23% higher at 52,774.34. The Nifty 50 index was trading 43.10 points or 0.27% higher at 15,821.55. 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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Rolex Rings IPO: The Initial Public Offering (IPO) of Rolex Rings was subscribed 23 times by 12:35% on the last day of subscription. The company has set the price band for the issue in Rs 880-900 range. The company seeks to raise Rs 731 crore through the public issue. On the block is a fresh issue of shares aggregating up to Rs 56 crore and an offer for sale of up to 7,500,000 shares worth Rs 675 crore. Investors can bid for a minimum of 16 equity shares and in multiples of 16 thereafter. 

Earnings Reactions

Asahi India Glass: Up 10.46%. The company today reported a profit of Rs 34.73 crore for the quarter ended June 30, 2021, as against a loss of Rs 63.71 crore posted in the corresponding quarter last year. The revenue grew 164% YoY to Rs 603 crore as against Rs 228 crore posted last year. 

Prakash Pipes: Up 3.30% The company today reported a 45% YoY rise in profit at Rs 11 crore for the quarter ended June 30, 2021, as against a profit of Rs 7 crore posted in the corresponding quarter last year. Net sales rose 38% YoY to Rs 122 crore in the period under consideration as against Rs 88 crore posted last year. 

Tech Mahindra: Up 8.42%. The information technology company has reported a 25.1% QoQ rise in the consolidated profit at Rs 1,353 crore for the quarter ended June 30, 2021. It had posted a profit of Rs 1,081 crore in the previous quarter ended March 31, 2021. 

Indus Tower: Up 1.69%. Telecom infrastructure firm Indus Tower has reported a 3.7% QoQ rise in the consolidated profit at Rs 1,415 crore for the quarter ended June 30, 2021. It had posted a profit of Rs 1,364 crore posted in the previous quarter ended March 31, 2021. 

TVS Motor: Up 4.65%. The leading two and three-wheeler manufacturer has reported a standalone profit of Rs 53.1 crore for the quarter ended June 30, 2021, as against a loss of Rs 139 crore posted in the corresponding quarter last year. On a quarter-on-quarter basis, the profit fell 81.6% from Rs 289 crore posted in the quarter ended March 31, 2021. 

CONCOR: Up 3.36%. State-owned Container Corporation of India (CONCOR) has reported 4.1 times YoY rise in the profit at Rs 254.9 crore for the quarter ended June 31, 2021, as against Rs 62 crore posted in the corresponding quarter last year. On a quarter-on-quarter basis, the profit rose 15.7 times from Rs 16.2 crore posted in the quarter ended March 31, 2021. 

Deepak Nitrite: Up 9.45%. The Gujarat-based chemical intermediates company has reported 3 times YoY rise in the consolidated profit at Rs 302.6 crore for the quarter ended June 30, 2021, as against Rs 99 crore posted in the corresponding quarter last year. On a quarter-on-quarter basis, the profit rose 4.4% from Rs 290 crore posted in the quarter ended March 31, 2021. 

JK Lakshmi Cement: Down 4.81%. The building material company has reported 2.7 times YoY rise in the consolidated profit at Rs 131.4 crore for the quarter ended June 31, 2021. It had posted a profit of Rs 49 crore in the corresponding quarter last year. 

Oberoi Realty: Down 2.33%. The real estate company has reported 2.9 times rise in the consolidated profit at Rs 80.6 crore for the quarter ended June 30, 2021. It had posted a profit of Rs 28 crore in the corresponding quarter last year.  

Jindal Stainless: Up 3.94%. The stainless producer has reported a profit of Rs 306 crore on a consolidated basis for the quarter ended June 30, 2021, as against a consolidated loss of Rs 124 crore posted in the corresponding quarter last year. Sales on a consolidated basis rose 193% YoY to Rs 4,033 crore as against Rs 1,376 crore posted last year. EBITDA grew 839% YoY to Rs 601 crore as against Rs 64 crore posted last year. The margin improved to 14.9% in Q1FY22 from 4.6% posted in Q1FY21. 

Welspun Enterprises: Down 2.64%. The construction engineering company has reported a 25% YoY rise in the consolidated profit at Rs 25 crore for the quarter ended June 30, 2021, as against a profit of Rs 20 crore posted in the corresponding quarter last year. 

Stocks in News 

PVR (up 2.26%)/INOX Leisure (up 1.49%): The cinemas have reopened in selected cities across the country today, i.e., July 30, 2021. 526 screens across 111 properties of PVR have reopened today. Inox has reopened its theatre across 10 states. 12 states and 2 union territories have allowed cinema halls to open at reduced capacity. Besides, the cinemas can reopen with 50% capacity in West Bengal, but CORONA rules must be followed. 

JSW Energy: Down 1.88%. JSW Future Energy Limited, a 100% subsidiary of JSW Energy Limited has entered into a framework agreement with Australian Fortescue Future Industries Pty Ltd, a 100% subsidiary of Fortescue Future Industries Pty Ltd (FFI) to collaborate and conduct scoping work on potential projects relating to the production of green hydrogen and utilizing it for green steel making, hydrogen mobility, green ammonia and other mutually agreed industrial applications in India.

Cadila: Up 1.98%. ‘Zydus Cadila receives final approval from USFDA for Fulvestrant Injection’, 250 mg/5 mL (50 mg/mL) per Single-Dose Pre-filled Syringe (USRLD: Faslodex Injection). Fulvestrant injection is used alone or in combination with other drugs to treat a certain type of hormone receptor-positive, advanced breast cancer (breast cancer that depends on hormones such as estrogen to grow) or breast cancer that has spread to other parts of the body in women who have experienced menopause.

SAIL: Up 0.81%. Reuters reported SAIL may raise prices of long, flat products by at least Rs 1000 per ton from August 1, 2021. 

Tatva Chintan Pharma Chem: Down 0.32%. Plutus Wealth Management LLP bought 6.50 lakh shares at Rs 2171.74/ Share. 

Indiabulls Housing Finance: Down 0.52%. Societe Generale bought 33.9 lakh shares at Rs 278.44. 

Ujjivan Financial Services: Up 0.29%. Aberdeen Asian Smaller Companies Investment Trust sold 10,25,000 shares at Rs 240.01/ Share 

Buzzing Stocks

Solar Industries: Up 5.39%.  

Ashok Leyland: Up 7.03%. 

PPAP Automotive: Up 0.77%.

Dodla Dairy: Up 1.21%. 

KSB Pipes: Up 13.61%. 

CEAT: Up 2.47%. 

Cera Sanitaryware: Up 6.86%. 

Shriram Transport: Up 1.98%.

Stocks at Life Highs

Jubilant FoodWorks: Up 2.16%. Meanwhile, the stock hit a life high at 3,816.40 earlier in the intraday trade today

Mindtree: Up 4.44%. Meanwhile, the stock hit a life high at 2,944 earlier in the intraday trade today

R Systems: Up 11.44%. Meanwhile, the stock hit a life high at 211.95 earlier in the intraday trade today. 

Srikalahasthi Pipes: Up 2.86%. Meanwhile, the stock hit a life high at 242.45 earlier in the intraday trade today.

Ratnamani Metals: Up 0.59%. Meanwhile, the stock hit a life high at 2,218 earlier in the intraday trade today.

Deepak Nitrite: Up 9.45%. Meanwhile, the stock hit a life high at 2,080.95 earlier in the intraday trade today.