Retail, defence to real estate stocks - Here are top buzzing stocks today

Domestic benchmark indices erased all the intraday gains were trading with minor losses in the noon deals of Wednesday, with Sensex and Nifty below 60,000 and 17,800 levels, respectively. At 12:18 pm, the S&P BSE Sensex was trading 79.86 points or 0.13% down at 59,949.20. The Nifty 50 index was trading at a loss of 13.30 points or 0.07 per cent at 17,875.65. Meanwhile, certain stocks were in action in either direction based on reports linked to them. Here is a list of a few such stocks:

Buzzing Stocks

Real Estate Stocks: On a move with Nifty Realty index trading with a gain of 1.79%. Stocks like Sobha - up 8.69%; Oberoi Realty - up 6.40%; Godrej Properties - up 2.21%; Phoenix Ltd - up 1.31%; Indiabulls Real Estate - up 1.36% and Prestige Estate - up 1.04%; were trading with gains.

Defence Stocks: On a move. Stocks like Mazagon Dock - up 10.35%; Cochin Shipyard - up 3.78%; Garden Reach Shipbuilders - up 8.19%; Astra Microwave - up 3.84%; and Bharat Dynamics - up 3.58% were trading with gains. Meanwhile, the shares of Mazagon Dock stock touched the all-time high of Rs 310 per share earlier in the intraday trade today.

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Metal Stocks: On a move with Nifty Metal index trading with a gain of 1.12%. Stocks like Hindalco - up 2.09%; Vedanta - up 1.62%; Jindal Steel - up 1.31%; Tata Steel - up 1.17%; JSW Steel - up 0.93% and National Aluminium - up 0.80% were trading with gains.

Retail Stocks: On a move. Stocks like Trent - up 6.31%; V2 Retail - up 4.98% and V-Mart Retail - up 0.79% were trading with gains.

Hosiery Stocks: On a move. Stocks like VIP Clothing - up 5%; Lovable Lingerie - up 3.15%; Lux - up 0.51% and Page Industries - up 0.86% were trading with gains.

Footwear Stocks: On a move. Stocks like Khadim - up 10.00%; Relaxo - up 4.35%; Liberty - up 2.50% and Mirza International - up 1.75% were trading with gains.  

Barbeque Nation: Up 4.78%.

Amber Enterprises: Up 3.89%.

KPIT Technologies: Up 3.96%.

BLS International: Up 2.63%

FDC: Up 1.06%.

HPCL: Up 2.93%.

IndiaMART: Up 2.81%.

AllCargo Logistics: Up 1.81%.

Manappuram Finance: Up 2.35%.

J&K Bank: Up 1.70%.

Shriram Transport Finance: Up 1.22%.

Muthoot Finance: Up 1.55%.

Burger King: Up 1.31%.

Dixon Technologies: Up 1.56%.  

Earnings Impact

eClerx Services: Up 9.02%. The IT consulting and outsourcing company has reported a 65.5% YoY rise in the consolidated profit at Rs 101 crore for the quarter ended September 30, 2021, as against a profit of Rs 61 crore posted in a year-ago quarter. Sales grew 44.8% to Rs 523 crore as against Rs 361 crore posted last year. EBITDA grew 60% to Rs 165 crore as against Rs 103 crore posted last year. Margin improved to 31.5% in Q2FY22 as against 28.5% posted last year.  

Trent: Up 6.31%. Tata Group's retail chain Trent has reported a standalone profit of Rs 125.6 crore for the quarter ended September 30, 2021, as against a standalone loss of Rs 48.1 crore posted in the year-ago quarter. Its revenues from operations grew 126% to Rs 1,020.4 crore as against Rs 452.1 crore posted last year. EBITDA grew 34.5 times to Rs 221.3 crore as against Rs 6.4 crore posted last year. Margins improved to Rs 21.7% in Q2FY22 from 1.4% posted in Q2FY21. The company has reported an exceptional loss of Rs 13 crore. 

Easy Trip Planners: Up 5%. The Indian online travel company has reported a 350% YoY rise in the consolidated profit at Rs 27 crore for the quarter ended September 30, 2021, as against Rs 6 crore posted in the year-ago quarter. Sales increased by 340% YoY to Rs 44 crore as against Rs 10 crore posted last year. EBITDA stood at Rs 21.4 crore for the reported quarter as against a negative EBITDA of Rs 2.3 crore posted last year. Margin improved to 48.6% in Q2FY22 from a negative margin of 23% posted in Q2FY21.

GE Power: Up 1.39%. The company has reported a 5% YoY rise in the consolidated profit at Rs 39.3 crore for the quarter ended September 30, 2021, as against Rs 37.3 crore posted in a year-ago quarter. Its revenue from operations fell 17% YoY to Rs 732 crore as against Rs 887 crore posted last year. EBITDA declined 34% YoY to Rs 27.4 crore as against Rs 42 crore posted last year. Margins fell to 3.7% in Q2FY22 from 4.7% posted in Q2FY21.

Minda Corp: Up 1.66%. The manufacturer of switches for 2/3 wheelers and off-road vehicles has reported a 51% YoY rise in the profit at Rs 39 crore for the quarter ended September 30, 2021, as against Rs 25.8 crore posted in the year-ago quarter. Its revenue from operations grew 11% YoY to Rs 731 crore as against Rs 656 crore posted last year. EBITDA grew 16% YoY to Rs 77 crore as against Rs 66.4 crore posted last year. Margins improved marginally to 10.5% in Q2FY22 from 10.1% posted in Q2FY21. 

Bajaj Healthcare: Down 5.74%. The pharmaceutical company has reported a 15% YoY decline in the consolidated profit at Rs 17 crore for the quarter ended September 30, 2021, as against a profit of Rs 21 crore posted in the year-ago quarter. Sales declined 27% to Rs 151 crore as against Rs 207 crore posted last year. EBITDA also dropped by 15% to Rs 28 crore as against Rs 33 crore. However, the margin improved to 18.5% in Q2FY22 as against 15.9% posted in Q2FY21. 

Bharat Gears: Down 9.95%. The gear manufacturer has reported a consolidated profit of Rs 8 crore for the quarter ended September 30, 2021, as against a loss of Rs 2 crore posted in the year-ago quarter. Sales grew by 46% YoY to Rs 187 crore as against Rs 128 crore posted last year. EBITDA grew by 88.8% YoY to Rs 17 crore for the reported quarter as against Rs 9 crore posted last year. Margin improved to 9% in Q2FY22 from 7% posted in Q2FY21. 

Laxmi Organics: Down 4.99%. The chemical manufacturer has reported a 40% YoY decline in the consolidated profit at Rs 14.5 crore for the quarter ended September 30, 2021, as against Rs 24.1 crore posted in a year-ago quarter. Its revenue from operations grew 48% YoY to Rs 608 crore as against Rs 409.7 crore posted last year. EBITDA declined 29% YoY to Rs 30.7 crore as against Rs 43.4 crore posted last year. Margins fell to 5% in Q2FY22 from 10.5% posted in Q2FY21.

NOCIL: Down 2.99%. The chemical manufacturer has reported an 82% YoY rise in the consolidated profit at Rs 30.5 crore for the quarter ended September 30, 2021, as against Rs 16.8 crore posted in a year-ago quarter. Its revenue from operations grew 70% YoY to Rs 375 crore as against Rs 221 crore posted last year. EBITDA rose 58% YoY to Rs 50 crore as against Rs 31.7 crore posted last year. Margins fell to 13% in Q2FY22 from 14% posted in Q2FY21.

PNB Housing: Down 3.64%. The housing finance company has reported a 24.9% YoY decline in the consolidated profit at Rs 235 crore for the quarter ended September 30, 2021, as against Rs 313 crore posted in a year-ago quarter. Its revenue from operations dropped 23% YoY to Rs 503 crore as against Rs 651 crore posted last year. EBITDA fell 23% YoY to Rs 1,336 crore as against Rs 1,745 crore posted last year. Margins fell to 84% in Q2FY22 from 86.5% posted in Q2FY21.

Stocks in News

Moil:  Up 3.47%. The Board of Directors of the Company is scheduled to meet on November 10, 2021, to consider and approve Un-audited financial results of the Company for the half-year ended on 30th September 2021 as well as the buyback of the fully paid-up equity shares of the company. 

Thirumalai Chemicals: Down 2.78%. The Board of the Company has approved the investment in a project to manufacture Phthalic Anhydride and Fine-chemicals at its site in Dahej in Gujarat, India. This is aimed at the large markets in Western India and for regional exports. The project includes a 90,000 ton per year Phthalic Anhydride unit. It is scheduled for commissioning in H2FY 23-24. The Project will use TCL's in-house Technology.

Info Edge: Down 1.23%. It will invest Rs 41 crore in Metis Eduventures Private Limited.

Sterlite Technologies: Down 1.68%. Will divest a minority stake in Metis Eduventures Private Limited.  

IPO Update: Policy Bazaar IPO + SJS Enterprises IPO + Sigachi Industries IPO 

Policy Bazaar IPO: Initial Public Offering (IPO) of PB Fintech Limited, the owner of the online insurance aggregator and fintech Policy Bazaar and Paisa Bazaar, was subscribed 2.11 times by 12:05 pm at BSE on Wednesday, the last day for bidding for the public issue. The Qualified Institutional Buyers (QIBs) portion was subscribed 2.72 times, while the Non-Institutional Investors (NIIs) and Retail Individual Investors (RIIs) portions were subscribed 0.59 times and 2.44 times, respectively. The issue will close today. The company has fixed the price band for the offer at Rs 940-980 per share as it seeks to raise around Rs 5,625 crore from the issue. The retail investors can buy a minimum of one lot of 15 shares for an amount of Rs 14,700, at the upper price band.

SJS Enterprises Limited IPO: Initial Public Offering (IPO) of the decorative aesthetics product company, SJS Enterprises, was subscribed 0.61 times by 12:05 pm at BSE on Wednesday, the last day for bidding for the public issue. The Qualified Institutional Buyers (QIBs) portion was subscribed 0.12 times while the Non-Institutional Investors (NIIs) and Retail Individual Investors (RIIs) portion were subscribed 0.08 times and 1.12 times, respectively. The issue will close today. The company has fixed the price band for the offer at Rs 531-542 per share as it seeks to raise around Rs 800 crore from the issue. The retail investors can buy a minimum of one lot of 27 equity shares for an amount of Rs 14,634, at an upper price band.  

Sigachi Industries Limited IPO: Initial Public Offering (IPO) of the Hyderabad-based manufacturer of cellulose-based excipients, Sigachi Industries, was subscribed 33.75 times by 12:05 pm at BSE on Wednesday, the last day for bidding for the public issue. The Qualified Institutional Buyers (QIBs) portion was subscribed 3.36 times while the Non-Institutional Investors (NIIs) and Retail Individual Investors (RIIs) portions were subscribed 30.10 times and 52.69 times, respectively. The issue will close today. The company has fixed the price band for the offer at Rs 161-163 per share as it seeks to raise around Rs 125 crore from the issue. The retail investors can buy a minimum of one lot of 90 equity shares for an amount of Rs 14,670, at an upper price band.