The domestic equity markets were trading with decent gains in the early noon deals of Wednesday, January 12, 2022. At 12:36 pm, the S&P BSE Sensex was trading at a gain of 480.17 points or 0.79% at 61,097.06. The Nifty 50 index was trading 52.45 points or 0.29 higher at 18,055.75. Meanwhile, certain stocks were in action in either direction based on reports linked to them. Here is a list of some of such stocks:

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Stocks in News

Vodafone Idea: Up 10.59%. In its press conference, the company said, Vodafone Idea’s move to offer a 35.8 per cent stake to the Government in lieu of its interest payments for AGR and spectrum dues is a rational decision. The company has a significant amount of debt and considering conversion is a good option to reduce the debt. The timeline for the process should not take a long time and it may complete in the next coming month.

HAL: Up 2.80%. LIC reduces the stake to 11.65% in the December quarter from 13.89%.

Delta Corp: Up 2.83%. The company on Tuesday reported 55 times YoY jump in the consolidated profit at Rs 70.4 crore for the quarter ended December 31, 2021 (Q3FY22). It had posted a profit of Rs 1.28 crore in the corresponding quarter of the previous financial year (Q3FY21). Its revenue from operations rose 104.6% to Rs 247.2 crore as compared to Rs 120.8 crore posted last year. EBITDA grew 9 times YoY to Rs 107.2 crore in the reported quarter compared to Rs 11.74 times posted last year. Margins improved to 43.4% in Q3FY22 compared to 9.7% posted in Q3FY21. Besides, subsidiary Gaussian Networks Private Limited has appointed an advisor and banker for the IPO.

Ugro Capital: Up 2.65%. The company in its monthly business update said for the month of December 2021, total Disbursements stood at Rs 414 crore compared to Rs 319 crore in November 2021 (MoM). As a result, the overall AUM as of December 2021 stood at Rs 2,590 crore up 97% since March 2021 and 130 per cent since December 2020. The company’s collection efficiency has improved MoM across channels. Ugro Capital has added 6 new lenders during December 2021 thereby further diversifying its lender base to a total of 50 lenders.

CONCOR: Up 1.82%. Total throughput grew 6.8% YoY at 10.3 lakh tonnes in Q3FY22 compared to 9.6 lakh tonnes.

DLF: Up 2.13%. Clocks sales worth Rs 1500 crores for its initial offering in ONE Midtown, a newly launched luxury residential project in New Delhi.

Hindalco: Up 2.29%. Novelis Inc., the world leader in aluminium rolling and recycling, has announced that it will invest $365 million ($36.5 crore) to build a highly advanced recycling centre for automotive in North America. With an annual casting capacity of 240 kt of sheet ingot, the company expect the facility to reduce the company’s carbon emissions by more than one million tons each year. The new recycling facility will be built adjacent to Novelis’ existing automotive finishing plant in Guthrie, Kentucky.

Federal Bank: Up 1.81%. Board of Directors of Fedbank Financial Services Limited (“FedFina”), a subsidiary of Federal Bank on January 11, 2022, approved initiating the process of an initial public offering (“IPO”) by way of fresh issue and offer for sale. The size of the IPO, portion of an offer for sale (if any), price and other details with respect to the proposed IPO by FedFina will be determined in due course.

TTML: Down 5%. After Vodafone Idea, Tata Teleservices on Tuesday proposed for conversion of the interest related to AGR dues into equity. Post-conversion, the government holding is expected to be about 9.5 per cent in the company at Rs 41.50 per share. The net present value (NPV) of this interest is expected to be nearly Rs 850 crore.

Motherson Sumi: Down 1.27%. The January, February and March contracts in F&O will expire on January 13, 2022. New contracts will be launched on January 14, 2022. Changes in F&O contracts is happening due to the demerger of the domestic wiring business and January 14, 2022, is the ex-date for the demerger of its Domestic Wiring Harness business. 

Rupa & Company: Up 1.24%. Abakkus Fund Buys 23.06 lakh shares at Rs 465.5 per share. Ziyan Developers sells 23.06 lakh shares at Rs 465.5 per share. 

Steel Exchange of India: Up 4.34%. Societe General LLP buys 5 lakh shares at Rs 226.02 per share. 

Buzzing Stocks

J&K Bank: Up 5.12%.
Coffee Day: Up 5.99%.
PVR: Up 2.81%.
Speciality Restaurants: Up 7.92%.
Indian Hotels: Up 3.93%.
Varroc Engineering: Up 11.06%.
Graphite India: Up 2.70%.
HEG: Up 2.40%.
PNB Housing: Up 1.44%.
Jagran Prakashan: Up 2.57%.
Sharda Cropchem: Up 7.60%.
Hercules Hoists: Up 7.32%.
Route Mobile: Up 2.43%.
Prataap Snacks: Up 2.23%.
Heranba Industries: Up 1.81%.  

Fisheries Stocks: On a move. Stocks like IFB Agro – up 5.48%; Apex Frozen – up 14.26%; Avanti Feeds – up 4.47%; Waterbase – up 5.17% were trading in positive territory.

Housing Finance Stocks: On a move. Stocks like LIC Housing – up 1.65% and CanFin Homes – up 1.93% were trading in positive territory.

Logistics Stocks: On a move. Stocks like Gati – up 6.94%; and Snowman Logistics – up 3.49% were trading in positive territory.

Offshore Drilling Stocks: On a move. Stocks like Aban Offshore – up 1.59% and Asian Energy – up 3.58 were trading in positive territory.

Hosiery Stocks: On a move. Stocks like VIP Clothing – up 4.98%; Dollar Industries – up 4.19%; Rupa & Company – up 1.24% and Lovable Lingerie – up 5% were trading in the positive territory.

Fertiliser Stocks: On a move. Stocks like Deepak Fertilisers – up 5.16%; Chambal Fertilisers – up 2.22% and Nagarjuna Fertilizers – up 4.93% were trading in the positive territory.

Banking Stocks: On a move. Stocks like RBL Bank – up 3.43%; IndusInd Bank – up 1.96%; Bandhan Bank – up 1.84%; Federal Bank – up 1.81%; Kotak Bank – up 1.40%; ICICI Bank – up 1.23% and SBI – up 1.07% were trading in the positive territory.

Realty Stocks: On a move. Stocks like Oberoi Realty – up 3.68%; Prestige Estate – up 3.51%; DLF – up 2.13%; Sobha – up 2.03%; Godrej Properties – up 1.93% and Brigade Enterprises – up 1.78% were trading in the positive territory.

Metal Stocks: On a move. Stocks like NMDC – up 3.44%; Hindalco – up 2.29%; JSW Steel – up 1.78%; APL Apollo – up 1.78%; National Aluminium – up 1.75% and Jindal Steel – up 1.33% were trading in the positive territory.

Auto Stocks: On a move. Stocks like M&M – up 2.61%; Ashok Leyland – 2.18%; Tata Motors – up 1.68%; TVS Motor – up 1.27% and Eicher Motor – up 0.88% were trading in the positive territory.

Falling Stocks

Bharat Forge: Down 1.31%.

Greaves Cotton: Down 8.15%.