Tata Group Stocks, Metal Stocks to Paras Defence - here are top Buzzing Stocks today
Domestic equity markets were trading on a firm note in Monday's noon deals on the back of strong buying support in metal stocks.
Domestic equity markets were trading on a firm note in Monday's noon deals on the back of strong buying support in metal stocks. At 12:45 pm, the S&P BSE Sensex was trading 626.11 points or 1.02% higher at 61,932.06 while the Nifty 50 index was trading 195.35 points or 1.07% higher at 18,533.90. Meanwhile, certain stocks were in action in either direction based on reports linked to them. Here is a list of few such stocks:
Ineos Styrolution: Up 15.08%
IRCTC: Up 4.77%.
HAL: Up 5%.
Sical Logistics: Up 9.92%.
Indiabulls Housing Finance: Up 5.07%
Polyplex: Up 5.52%.
Adani Ports: Up 1.56%.
ABB Power Products: Up 4.51%.
Borosil Ltd.: Up 4.99%.
Cera Sanitaryware: Up 11.47%.
Arvind Ltd.: Up 1.25%
Zomato: Up 7.63%.
KEI Industries: Up 6.31%.
PNB: Up 7.76%.
ITC: Up 1.81%.
MSTC: Up 4.86%.
Westlife Development: Up 2.34%.
Gujarat Ambuja: Up 2.34%.
RVNL: Up 5.38%.
Graphite India: Up 2.72%.
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ICICI Prudential: Up 2.94%. Rises ahead of Q2FY22 results scheduled to be announced tomorrow.
Tata Group Stocks: On a move. Stocks like Tata Power - up 16.69%. Tata Power was trading higher as it has resumed power supply to two states, namely Punjab and Gujarat, from Mundra Plant. These states will buy electricity from the company at actual cost. 1800 MW power will be supplied to Gujarat at 4.5/unit for 4 weeks while 500 MW power will be supplied to Punjab at the rate of 5.5/unit for 1 week. 3 more states may soon start buying power from Mundra at actual cost. There will be a big jump in the profits of the company due to supply at new prices.
Other stocks of Tata Group like Tata Motors - up 4.31%; Tata Chemical - up 3.72%; Titan - up 2.45% and Tata Steel - up 2.43% were also trading with gains.
Power Stocks: On a mover. Stocks like Tata Power - up 16.69%; NHPC - up 14.08%; CG power - up 4.99% and Power Grid - up 0.46% were trading with gains.
Metal Stocks: On a mover. Stocks like Hindustan Copper - up 11.98%; Hindustan Zinc - up 13.11%; NALCO - up 11.66%; Vedanta - up 12.20%; HINDALCO - up 5.82%; Tata Steel - up 2.43%; Jindal Stainless - up 5.29% and SAIL - up 2.25% were trading with gains. Aluminium companies were trading higher today on the backdrop of good quarterly numbers posted by the US-based company Alcoa, which has recorded the highest ever quarterly profit. Alcoa's has reported a profit of $39 crore for the third quarter ended September 30, 2021, against a loss of $22 crore posted in a year-ago quarter. Its revenue stood at $311 crore as against $237 crore posted last year. Adjusted EBITDA stood at $73 crore against $28.4 crore. Margin improved to 23.5% in Q3FY21 against 12% posted in Q3FY20. The rest of the metal stocks were buzzing on the same backdrop.
Auto Ancillary Stocks: On a move. Stocks like Mahindra CIE - up 7.78%; Auto Axles - up 1.60%; Rane Brakes - up 0.33%; Craftsman Automation - 5.37%; were trading with gains.
Footwear Stocks: On a move. Stocks like Khadim - up 9.99%; Bata India - Up 2.32%; Relaxo Footwears - up 1.69%; Sreeleathers Ltd - Up 3.06%; Mirza International - Up 1.01% and
Liberty Shoes - up 0.78% were trading with gains.
Oil & Gas Stocks: On a move. Stocks like ONGC - up 2.58%; Oil India - up 2% and HOEC - up 0.59% were trading with gains.
Indiabulls Real Estate: Up 7.68%. Realty developer Indiabulls Real Estate has reported a consolidated net profit of Rs 5.5 crore for the quarter ended September as against a net loss of Rs 76 crore posted in a year-ago quarter. Its revenue on a consolidated basis rose 17.4 times to Rs 349 crore as compared to Rs 20 crore posted last year. EBITDA stood at Rs 22 crore as against a negative EBITDA of Rs 41 crore posted last year. The company has also announced Chairman and Non-Executive Director Sameer Gehlaut has submitted his resignation with effect from December 31, 2021. After completion of the proposed merger between Embassy Group and Indiabulls Real Estate the combined entity will be renamed Embassy Developments Ltd and will be co-headquartered in Mumbai and Bengaluru, the company said.
Cyient Limited: Up 3.30%. Global technology solutions company Cyient has reported a 5% QoQ rise in the consolidated profit at Rs 121 crore for the quarter ended September 30, 2021. It had posted a profit of Rs 115 crore in the previous quarter ended June 30, 2021. Revenue from operations grew 5% to Rs 1,112 crore as against Rs 1,058 crore posted in the June quarter. EBIT grew 14% to Rs 156 crore as against Rs 137 crore posted in the previous quarter. Margin stood at Rs 14% in Q2FY22 as against 13% posted in Q1FY22.
HCL Technologies: Down 1.66%. HCL Technologies has launched the Early Career Program 'TechBee' for high school graduates in Vietnam; to onboard 2,600 students in 5 years. Besides, the IT Company has reported a 1.7% QoQ rise in the consolidated profit at Rs 3,259 crore for the quarter ended September 2021. It had posted a profit of Rs 3,205 crore in the previous quarter ended June 30, 2021. Revenue from operations grew 2.9% to Rs 20,655 crore as compared to Rs 20,068 crore posted in the previous quarter. $Revenue grew 2.6% to Rs 279.1 crore as against $272 crore posted in the June quarter. EBIT remained almost flat and rose just 0.3% to Rs 3,944 crore as compared to Rs 3,931 crore posted in the previous quarter. Margin dropped to 19.1% in Q2FY22 as against 19.6% posted in Q1FY22. The company has declared an interim dividend of Rs 10 per share and fixed October 23, 2021, as the record date for it.
Avenue Supermarts: Down 4.07%. Avenue Supermarts, the company that runs the D-Mart supermarket chain, has reported a 113.2% YoY rise in profit at Rs 448.9 crore for the quarter ended September 30, 2021. It had posted a profit of Rs 210.5 crore in a year-ago quarter. Its revenue from operations grew 43.1% YoY to Rs 7,469.64 crore as against Rs 5,218.15 crore. EBITDA grew 106.3% YoY to Rs 670.1 crore as against Rs 324.9 crore posted last year. Margins improved to 9% in Q2FY22 as against 6.2% posted in Q2FY21.
Stocks in News
Paras Defence: Up 20%. Share has moved out of the T2T category. Besides, the Board of Directors has approved the incorporation of an Associate Company in association with Krasny Defence Technologies Limited who is a prominent player in the field of defence equipment maintenance and wholesome refits of Indian Naval and Indian Coast Guard Ships (ICGS). The proposed associate company shall be engaged in the field of maintenance, servicing and repairs of defence equipment and naval vessels.
Dixon Technologies: Up 3.61%. Domestic electronics manufacturing firm Dixon Technology has started manufacturing 5G millimetre waves smartphones which will be the first set of devices in the segment to be exported from India, a top company official said on Sunday. Dixon has set up a manufacturing unit with an annual capacity of 70 lakh per year 5G millimetre (mm) phones and is setting up another factory with an annual capacity of 30 million smartphones in Noida. The company has bagged a contract from US-based Orbic which sells smart devices for US-based telecom operators.
Jubilant Ingrevia (up 3.00%) / IOL Chemicals (up 1.06%) / Laxmi Organic (up 2.74%): Government has imposed definitive anti-dumping duty on acetyl and its derivatives imports from China for next five years. 24-44% anti-dumping duty will be imposed on imports from China.
NBCC: Up 2.06%. NBCC (India) Limited has secured a total business of Rs. 2100.96 crore in September 2021.
PNB Housing: Down 4.99%. PNB Housing Ltd said that its Board of Directors has decided to call off the proposed Rs 4,000 crore deal with US-based Carlyle Group. Carlyle Group will also withdraw the open offer issued at the rate of Rs 403 per share. PNB Housing will now have to look to other sources for funds. The company decided due to a delay in legal proceedings.
Ramco Cement: Up 1.43%. LIC has raised its stakes in the company in the September quarter from 4.35% to 5.35%.
Shree Cement: Up 0.96%. LIC has bought 1.14% stakes in the company in the September quarter.
Aarti Industries: Up 4.89%. LIC has raised its stakes in the company from 1.77% to 3.34% in the September quarter
Kotak Bank: Up 0.09%. LIC has increased its stake in the lender from 4.38% to 4.96% in the September quarter.
Yes Bank: Up 6.06%. Changes were made in shareholding in the September quarter. Bay Tree India Holdings sold a 2.71% stake. Amansa Holdings' stake increased from 1.2% to 1.25%.
ICICI Bank's stake was down from 3.99% to 2.99%. LIC's stake was reduced from 4.99% to 4.38%. QIB share increased from 1.58% to 5.97%.
Nitin Spinners: Up 4.99%. Dolly Khanna increased her share in the September quarter from 1.24% to 1.64%.
Butterfly Gandhimathi: Up 1.64%. Investor Dolly Khanna has reduced stakes in the September quarter from 1.37% to 1.19%.
Radico Khaitan: Up 2.16%. Investor Mukul Agarwal bought a 1.05% stake in the company in the September quarter.
JSW Energy: Up 0.25%. LIC increases its stakes in the company from 5.91% to 7.47%.
Time Technoplast: Down 1.25%. LIC has reduced its stakes in the company from 1.72% to 1.62% in the September quarter.
MCX: Down 2.26% Rakesh Jhunjhunwala reduced stake in the company. His stakes have declined below 1% in the September quarter as against 4.9% in the June quarter.
Tata Consumers: Down 0.16%. LIC has raised its stakes in the company in the September quarter from 1.69% to 2.72%.
Blue Dart: Down 0.19%. LIC and Bright Star Investment have reduced their respective stakes in the company. LIC has reduced its stakes from 1.8% to 1.65% while Bright Star's stakes have declined from 1.68% to 1.47%.
Pfizer: Down 0.30%. LIC increased stakes in the company from 4.17% to 5.56%.
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