The domestic benchmarks were trading in positive territory in the noon deals of Monday, November 15, 2021. At 1:01 pm, the S&P BSE Sensex was trading at a gain of 87.15 points or 0.14% at 60,773.84. The Nifty 50 index was trading 20.30 points or 0.11% high at 18,123.05. 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

Thyrocare Technologies: Up 8.30%. 

CDSL: Up 6.30%. :

Elgi Equipments: Up 3.33%.

PI Industries: Up 3.18%.

Brigade Enterprises: Up 1.04%. 

Syngene International: Up 7.10%.

Thermax: Up 5.39%

IT Stocks: Moving up with Nifty IT Index trading 0.55% higher. Stocks like Mpahsis - up 1.51%; Coforge - up 1.18%; Infosys - up 0.87%; TCS - up 0.67% except others except Larsen & Toubro Infotech were trading in a positive territory.

Healthcare Stocks: Moving up with Nifty Healthcare Index trading 1.74% higher. Stocks like Apollo Hospital - up 8.90%; Metropolis - up 6.54%; Laurus Laboratories - up 5.61%; Biocon - up 3.03%; Glenmark - up 2.39% and Cipla - up 1.28% were trading with gains.

Consumer Durables Stocks: Moving up with Nifty Consumer Durables Index trading 0.73% higher. Stocks like Whirlpool - up 2.60%; Orient Electric - up 2.31%; Crompton - up 2.04%; Bata India - up 1.78%; Havells - up 1.34% and Voltas - up 0.94% were trading with gains.

Declining Stocks

Metal Stocks: Declining with Nifty Metal Index trading 1.42% lower. Stocks like Coal India - down 3.83%; Welspun Corp - down 3.51%; Jindal Steel - down 2.03%; Hindalco - down 1.98%; Tata Steel - down 1.83%; SAIL - down 1.53%; JSW Steel - down 1.32% and National Aluminium - down 1.18% were trading at a loss.

PSU Banks: Declining with Nifty PSU Bank Index trading 1.04% lower. Stocks like J&K Bank - down 4.89%; Maharashtra Bank - down 2.64%; Union Bank - down 2.50%; Indian Bank - down 1.60%; UCO Bank - down 1.42%; Central Bank - down 1.37%; Bank of India - down 1.21% and Bank of Baroda - down 1.13% among others except for Punjab & Sind Bank all were trading in the negative territory.

Cement Stocks: Declining. Stocks like JK Cement - down 4.81%; ACC - down 1.05%; Shree Cement - down 0.69% and India Cements - down 1.67% were trading at a loss.
Motherson Sumi: Down 4.17%.

3 Listings 

Sigachi Industries Limited: Shares of the Hyderabad-based manufacturer of cellulose-based excipient, Sigachi Industries made a bumper listing on the exchanges on Monday. The shares opened at a premium of 250% at NSE at Rs 570 per share against an issue price of Rs 163 per share. At BSE, it opened at a premium of 252.76% at Rs 575 per share against the issue price. The Rs 125-crore Initial Public Offering (IPO) of the company was subscribed 102 times. The Qualified Institutional Buyers (QIBs) portion was subscribed 86 times while the Non-Institutional Investors (NIIs) and Retail Individual Investors (RIIs) portions were subscribed 172 times and 80 times, respectively.

Policy Bazaar: Policy bazaar shares were made a decent debut on the exchanges on Monday. The shares were listed at a premium of over 17.34% on the NSE as well as BSE at Rs 1,150 per share against an issue price of Rs 980 per share. The Rs 5,625-crore initial public offer of the company, the owner of the online insurance aggregator and fintech Policy Bazaar and Paisa Bazaar, was subscribed 16.59 times. The Qualified Institutional Buyers (QIBs) portion was subscribed 24.89 times, while the Non-Institutional Investors (NIIs) and Retail Individual Investors (RIIs) portions were subscribed 7.82 times and 3.31 times, respectively.

SJS Enterprises Limited: Stocks of SJS Enterprises IPO made a flat debut on exchanges on Monday. It opened at Rs 542 per share and Rs 540 against the issue price of 542 apiece on NSE and BSE, respectively. Shares of the decorative aesthetics product company SJS Enterprises Limited will debut on the bourses today. The Rs 800-crore Initial Public Offering (IPO) of the decorative aesthetics product company SJS Enterprises Limited was subscribed 1.59 times. The Qualified Institutional Buyers (QIBs) portion was subscribed 1.42 times, while the Non-Institutional Investors (NIIs) and Retail Individual Investors (RIIs) portion were subscribed 2.32 and 1.38 times, respectively. The issue price for the public issue was Rs 542 per share.

IPO Update

Tarsons Products Ltd IPO: The initial public offering (IPO) of the labware and life science products company Tarsons Products Limited was subscribed 0.22 times by 12:46 pm at the BSE on the first day of bidding. The Non-Institutional Investors (NIIs) and Retail Individual Investors (RIIs) portions were subscribed 0.04 times and 0.43 times, respectively. The employee portion was subscribed 0.01%. The initial share sale will close on Wednesday, November 17, 2021. The company has fixed the price band for the offer at Rs 635-662 per equity share for its Rs 1,024-crore initial share sale. The initial public offering comprises of fresh issue of upto Rs 150 crore and an offer for sale of up to 1.32 crore equity shares worth Rs 874 crore by the promoters and an investor.

Earnings Impact

FORTIS: Up 8.49%. The healthcare company has reported a YoY rise in profit at Rs 107 crore for the quarter ended September 30, 2021, as against a loss of Rs 4 crore posted in the year-ago quarter. Its revenue grew by 47% YoY to Rs 1,463 crore as against Rs 995 crore posted last year. EBITDA stood at Rs 284 crore, up 137% from Rs 120 crore posted in September 2020 quarter. Its margin improved to 19% in Q2FY22 from 12% posted in Q2FY21. 

Apollo Hospitals: Up 8.90%. The healthcare company has reported a YoY rise in profit at Rs 267 crore for the quarter ended September 30, 2021, as against Rs 59 crore posted in the year-ago quarter. Sequentially, the profit declined by 45% from Rs 491 crore. Its revenue grew by 35% YoY to Rs 3,717 crore as against Rs 2,761 crore posted last year. Sequentially, the revenue declined by 1.1% from Rs 3,760 crore. EBITDA stood at Rs 615 crore, up 2.05 times from Rs 200 crore posted in September 2020 quarter. Its margin improved to 16.5% in Q2FY22 from 11% posted in Q2FY21 and 13.8% posted in Q1FY22. 
PI Industries: Up 3.12%. The agri-sciences has reported a 6% YoY rise in the consolidated profit at Rs 230 crore for the quarter ended September 30, 2021, as against a profit of Rs 218 crore posted in a year-ago quarter. Its revenue from operations grew 17% YoY to Rs 1,354 crore from Rs 1,158 crore posted last year. EBITDA stood at Rs 292 crore, up 4% YoY from Rs 280 crore posted last year. Its margin fell to 22% in Q2FY22 from 24% posted in Q2FY21.

Glenmark Pharma: Up 2.39%. The pharmaceutical company has reported a 17.5% YoY rise in the profit at Rs 275 crore for the quarter ended September 30, 2021, as against Rs 234 crore posted in the year-ago quarter. Its revenue grew 6% YoY to Rs 3,147 crore from Rs 2,952 crore posted last year. EBITDA stood at Rs 590 crore, up 6% from Rs 553 crore posted in September 2020 quarter. Its margin was 18.8% in Q2FY22 against 18.72% posted in Q2FY21. 

Speciality Restaurant: Up 1.68%. The company has reported a consolidated profit of Rs 2.6 crore for the quarter ended September 30, 2021, as against a loss of Rs 14.4 posted in the year-ago quarter. Its revenue from operations grew 216.3% YoY to Rs 62 crore against Rs 19.6 crore posted last year. EBITDA stood at Rs 10.5 crore against an EBITDA loss of Rs 5.5 crore posted last year. 

Hero MotoCorp: Up 1%. India's leading two-wheeler company has reported a 16.7% YoY decline in the standalone profit at Rs 794 crore for the quarter ended November 30, 2021, as against a profit of Rs 953 crore posted in a year-ago quarter. Its revenue from operations fell 9.8% to Rs 8,453 crore from Rs 9,367 crore posted last year. EBITDA stood at Rs 1,066 crore, down 17.1%, from Rs 1,286 crore posted last year. Margin contracted to 12.6% in Q2FY22 from 13.7% posted in Q2FY21. 

Coal India: Down 3.83%. The coal mining company has reported a slight YoY decline in the consolidated profit at Rs 2,936 crore for the quarter ended September 30, 2021, as against Rs 2,950 crore posted in the year-ago quarter. Its revenue from operations grew by 10% to Rs 23,291 crore from Rs 21,153 crore posted last year. EBITDA fell by 1% to Rs 3,943 crore as against Rs 3,975 crore. Its margin contracted to 17% in Q2FY22 as against 18.8% posted in Q2FY21. 

Ashok Leyland: Down 1%. Commercial vehicles (CV) major Ashok Leyland has reported a YoY standalone loss of Rs 83 crore for the quarter ended September 30, 2021, as against a loss of Rs 147 crore posted in the year-ago quarter. Its revenue from operations grew by 57.1% to Rs 4,458 crore as against Rs 2,837 crore posted last year. EBITDA stood at Rs 135 crore, up 68.8% from Rs 80 crore posted last year. Its margin stood at 3% in Q2FY22 from 2.8% posted in Q2FY21. 

Amara Raja Batteries: Down 1.42%. The company that is into the automotive battery business among others has reported a 28.4% YoY decline in the standalone profit at Rs 144 crore for the quarter ended September 30, 2021, as against a profit of Rs 201 crore posted in the year-ago quarter. Its revenue from operations grew 16.9% YoY to Rs 2,264 crore from Rs 1,936 crore posted last year. EBITDA stood at Rs 269 crore, down 21.1% YoY from Rs 341 crore last year. Its margin contracted to 11.9% in Q2FY22 from 17.6% posted in Q2Fy21. The board of directors of the company has declared an interim dividend of Rs 4 per share and November 24, 2021, has been fixed as its record date. 

NALCO: Down 1.43%. The state-owned mining company has reported a 599% YoY rise in the consolidated profit at Rs 748 crore for the quarter ended September 30, 2021, as against a profit of Rs 108 crore posted in a year-ago quarter. Its revenue from operations grew 51% YoY to Rs 3,592 crore from Rs 2,375 crore posted last year. EBITDA stood at Rs 1,127 crore, up 309% YoY from Rs 276 crore posted last year. Its margin grew to 31.3% in Q2FY22 from 12% posted in Q2FY21. 

JK Cement: Down 4.99%. The cement manufacturer has reported a 24.5% YoY decline in the standalone profit at Rs 169 crore for the quarter ended September 30, 2021, as against a profit of Rs 224 crore posted in a year-ago quarter. Its sales grew 18%YoY to Rs 1,836 crore from Rs 1,551 crore posted last year. EBITDA stood at Rs 330 crore, down 19.9% from Rs 412 crore posted in September 2020 quarter. Its margin contracted to 17.9% in Q2FY22 from 26.5% posted in Q2FY21. 

Manappuram Finance: Down 9.93%. The non-banking financial company has reported a 12% YoY decline in its profit at Rs 355 crore for the quarter ended September 30, 2021, as against Rs 405 crore posted in the year-ago quarter. Its total income dropped by 8.5% to Rs 1,170 crore from Rs 1,279 crore posted last year. The company has appointed Mr. Shailesh Jayantilal Mehta, as the Chairperson of the Company. 
Granules India: Down 2.83%. The pharmaceutical company has reported a 51% YoY decline in the profit at Rs 81 crore for the quarter ended September 30, 2021, as against Rs 164 crore posted in the year-ago quarter. Its revenue from operations grew 3.5% YoY to Rs 888 crore from Rs 858 crore posted last year. EBITDA stood at Rs 151 crore, down 41% from Rs 256 crore posted in September 2020 quarter. Its margin contracted to 17% in Q2FY22 from 30% posted in Q2FY21.

City Union Bank: Down 1.16%. The private lender reported a 15% YoY rise in the profits at Rs 182 crore for the quarter ended September 30, 2021, as against Rs 158 crore posted in the year-ago quarter. Its net interest income grew 1% YoY to Rs 475 crore posted last year. Its gross NPA stood at 5.58% in Q2FY22 against 5.59% posted in Q1FY22. The net NPA stood at 3.48% in Q2FY22 against 3.49% posted in Q1FY22. It made provisions of Rs 150 crore in the reported quarter against Rs 180 crore made in Q1FY22. 

BEML: Down 2.06%. The state-owned mining company has reported a 37.8% YoY decline in the consolidated profit at Rs 10.7 crore for the quarter ended September 30, 2021, as against a profit of Rs 17.2 crore posted in the year-ago quarter. Its revenue from operations grew by 50.6% YoY to Rs 1,000 crore from Rs 664 crore posted last year. EBITDA stood at Rs 27 crore, down 30.8% YoY from Rs 39 crore posted last year. Margin contracted to 2.7% in Q2FY22 from 5.9% posted in Q2FY21. 

Sterling & Wilson: Down 3.59%. The MEP (Mechanical, Electrical & Plumbing) Services Company has reported a consolidated loss of Rs 285 crore for the quarter ended September 30, 2021, as against a profit of Rs 23.5 crore posted in a year-ago quarter. Its revenue from operations grew 7.6% YoY to Rs 1,438 crore from Rs 1,337 crore posted last year. It posted a negative EBITDA of Rs 295 crore in the reported quarter as against a positive EBITDA of Rs 5 crore posted last year. Direct project cost shot up from Rs 461 crore to Rs 959 crore.  

Nykaa: Down 5.44%. The online store company has reported a 95.6% YoY decline in the consolidated profit at Rs 1.2 crore for the quarter ended September 30, 2021, as against Rs 27.5 crore posted in a year-ago quarter. Its revenue grew by 46.5% YoY to Rs 885 crore from Rs 605 crore posted last year. EBITDA stood at Rs 29 crore, down 47.3% YoY from Rs 55 crore posted last year. Margin contracted to 3.3% in Q2FY22 against 9.1% posted in Q2FY21. Promoter entity Falguni Nayar Family Trust creates a pledge of 4.30% of their overall holding of 22.06%. Reason: Security for Loan. 

Stocks in News

Biocon: Up 3.58%. Biocon Biologics Collaborates with RSSDI to Expand Access to its Insulins for Children with Type 1 Diabetes on World Diabetes Day.

IRCTC: Up 5.99%. Railways have restored the passenger train services to pre-COVID levels in the next few days, the Indian Railways has said. As many as 1,700 trains will stand restored within a few days. Train fare will also be the same as before. After Friday’s order, the trains, which had been running as “special” trains with additional charges, too will cease and the special charges will not be levied.

IGL: Up 1.66%. Hikes CNG prices in the Delhi-NCR region. It hikes the price by Rs 2.28 per kg in Delhi and Rs 2.56 per kg in Noida and Ghaziabad. CNG became costlier by Rs 6.84 per kg in Delhi for 45 days. 

MCX: Up 1.66%. It is running as the capital markets regulator Sebi is likely to allow foreign portfolio investors (FPIs) to participate in exchange-traded commodity derivatives. A discussion will be held at a meeting of the Commodity Derivatives Advisory Committee scheduled today. SEBI is considering starting it with the non-Agri segment. Currently, only foreign investors who are engaged in export and import activities are allowed to trade in commodity derivatives.

Tata Coffee (up 1.29%) /CCL Products (up 3.15%): New Delhi: The prices of coffee have hit a seven-year high on Friday due to supply chain constraints. 

Max Ventures: Down 10.44%. Max Ventures & Industries Limited has entered into a definitive agreement with its existing Japanese strategic partner in Max Speciality Films Limited – Toppan Printing – to divest its remaining 51% stake in the specialty packaging films business for an enterprise value of Rs 1,350 crore, translating into an equity value of about Rs 600-650 crore (subject to customary adjustments).

MSTC: Down 3.85%. Strategic disinvestment of Ferro Scrap Nigam Limited will be made as per the instructions of DIPAM. 

Aurionpro: Down 3.03%. Announces the successful implementation of Murex Version Upgrade for One of the Leading Malaysian Bank.