Domestic equity markets were trading with a gain of more than half a per cent in the early noon deals of Tuesday. The information technology stocks and global cues supported the market up move. At 12:11 pm, the S&P BSE Sensex was trading with a gain of 410.23 points or 0.66% at 62,175.82 while Nifty 50 was trading 103.35 points or 0.56% at 18,580.40. 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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Buzzing stocks

Restaurant Stocks: On a move. Stocks like Speciality Restaurants - up 19.96%; Westlife Development -up 3%; Barbeque Nation - up 1.05%; Devyani International - up 11.41% and Burger King - up 5.05%. The Maharashtra government on Monday decided to extend restaurants timings from 10 pm to 12 am. 
Hotel Stocks: On a move. Stocks like Taj GVK - up 1.19%; Kamat Hotels - up 4.19%; Royal Orchid - up 1.69%; Mahindra Holidays - up 3.62% were trading with gains.

L&T Group Stocks: On a move. Stocks like L&T Technology - up 10.89%; L&T Infotech - up 15.47%; L&T - up 2.68% were trading with gains.
Paras Defence: Up 20.00%. 
Dodla Dairy: Up 7.16%.
Hemisphere Properties: Up 7.05%.
Mahindra CIE: Up 7.21%.
Khadim: Up 6.50%.
Bharat Dynamics: Up 6.26%.
Radico Khaitan: Up 4.46%.
Tata Communications: Up 4.36%.
PTC India: Up 5.99%
Indiabulls Housing Finance: Up 5.76%.
United Drilling Tools: Up 4.32%.
Arvind Limited.: Up 3.19%.
Shriram Transport Finance: Up 2.84%.
Venky's: Up 2.69%.
PTC India Financial: Up 2.83%.
Siemens: Up 5.21%.
Hindustan Copper: Up 2.55%.
Tech Mahindra: Up 4.46%.
Infosys: Up 1.94%.
Wipro: Up 1.92%.
HCL Technologies: Up 1.26%.  
MCX: Up 1.02%
HDFC Bank: Up 1.07%.
Bajaj Finserv: Up 1.50%

Earnings Reaction

L&T Infotech: Up 15.47%. IT services provider has reported an 11.3% QoQ rise in the consolidated profit at Rs 552 crore for the quarter ended September 30, 2021, as compared to a profit of Rs 496 crore posted in the previous quarter. Revenue grew 8.8% QoQ to Rs 3,767 crore as compared to Rs 3,562 crore posted in the previous quarter. This is the strongest sequential revenue growth and best-ever Q2 of 8.9% in constant currency terms. Dollar revenues for the quarter were at $50.9 crore, a growth of 8.3% QOQ. Besides, the company has declared an interim dividend of Rs 15 per share of the face value of Re 1 each fully paid-up. October 26, 2021, is the record date fixed for the same. 

Tata Coffee: Up 5.55%. Roasted coffee company Tata Coffee on Monday reported a 26% YoY rise in the consolidated profit at Rs 53.6 crore for the quarter ended September 30, 2021, as compared to a profit of Rs 42.4 crore in the year-ago quarter. Revenue from operations grew 1% YoY to Rs 546 crore as compared to Rs 543 crore posted last year. EBITDA grew 15% YoY to Rs 102 crore in the reported quarter as compared to Rs 88.7 crore posted last year. Margin improved to 18.7% in Q2FY22 as compared to 16.3% posted in Q2FY21. 

Route Mobile: Down 1.34%. Enterprise communication services firm has reported a 28% YoY rise in its consolidated net profit to Rs 42 crore for the quarter ended on September 30, 2021, as compared to a profit of Rs 32.7 crore in the year-ago quarter. Revenue from operations rose 25% YoY to Rs 436 crore in the period as compared to Rs 349 crore posted last year. EBITDA grew 34% YoY to Rs 56 crore as compared to Rs 41.8 crore posted last year. The margin stood at 12.8% in Q2FY22 as compared to 12% posted in Q2FY21. 

Hatsun Agro: Down 1.43%. The dairy company Hatsun Agro Products has reported a 24.24% YoY rise in the consolidated profit at Rs 82 crore for the quarter ended September 30, 2021. It had posted a profit of Rs 66 crore in the year-ago quarter. Revenue from operations on a consolidated basis grew 23.21% to Rs 1,635 crore in the period under consideration as compared to Rs 1,327 crore posted last year. 

Stocks in News

Indian Energy Exchange (IEX): Up 13.90%. The company announced the board in its meeting scheduled on October 21, 2021, will consider the proposal for declaration of Bonus Issue of Equity Shares subject to the approval of the shareholders of the Company. The stock surpassed its previous high of Rs 819 touched on October 13, 2021.

TTK Prestige: Up 14.29%. The meeting of the Board of Directors of the Company is scheduled on October 27, 2021, to consider and approve matters related to sub-division/split of Equity Shares of the face value of Rs 10 each of the Company in such manner as the Board may determine including matters related/ incidental thereto and any other matter as the Board of Directors may decide during the meeting.

IRCTC: Up 6.56%. Indian Railway Catering and Tourism Corporation (IRCTC) today joined the elite club of companies after it surpassed the Rs 1-trillion market capitalization (m-cap) on the BSE after its share price hit a new high of Rs 6,332.25 in the intra-day trade today. The share has zoomed 29.41% in the past five trading days on NSE. 

Imagicaaworld Entertainment: Up 5%. Maharashtra government has decided to allow amusement parks to resume operations from October 22. However, water rides in these parks will remain suspended.

Info Edge: Up 3.84%. The Securities and Exchange Board of India (SEBI) has approved the initial public offering (IPO) plans of Policy Bazaar (Zee Business Exclusive). It also approved the company's draft red herring prospectus (DRHP) that it filed with SEBI on August 2, 2021. Policy Bazaar will bring OFS and IPO of about Rs 6,000 crore. 

SAIL: Down 1.20%. Life Insurance Corporation of India (LIC) has offloaded around a 2% stake in Steel Authority of India (SAIL) between June and October 2021. Post this transaction, LIC's stake in the company has decreased to 6.68% from 8.69%. 

Edelweiss Financial Services: Up 0.93%. Edelweiss Group, India's leading diversified financial services firm has announced the divestment of its majority stake in Edelweiss Gallagher Insurance Brokers Ltd (EGIBL), post-approval from the Insurance Regulatory and Development Authority of India (IRDAI). On receipt of the necessary approvals, the Company has in the first tranche, transferred 61% of the stake held by the Company in EGIBL to Arthur J. Gallagher & Co. ("AJG') on October 18, 2021. Consequently, AJG now owns 91% of EGIBL, as a result of which EGIBL has ceased to be the subsidiary of the Company. Gallagher and Edelweiss had announced the transaction in July 2021, cementing a partnership that was forged between the two in May 2019, giving clients access to a larger suite of insurance products and services and scaling up the business significantly.  

Dr Reddy's Laboratories: Down 1.29%. Dr Reddy's Laboratories today announced the final approval of its Abbreviated New Drug Application (ANDA) for Lenalidomide Capsules, in 2.5 mg and 20 mg strengths, and tentative approval for 5 mg, 10 mg, 15 mg, and 25 mg strengths, a therapeutic equivalent generic version of REVLIMID. (lenalidomide) Capsules, from the U.S. Food and Drug Administration (USFDA). With this approval, Dr Reddy’s is eligible for 180 days of generic drug exclusivity for Lenalidomide capsules, 2.5 mg and 20 mg.  

Godrej Properties Limited: Down 1.55% The real estate company today announced that Global Real Estate Sustainability Benchmark, (GRESB), an organization that provides Environmental, Social and Governance (ESG) benchmarks for real estate organizations across the world has recognized Godrej Properties as a Real Estate Development Sector Leader globally for listed residential real estate.