HSIL, Greaves Cotton to Metro Brands - here are the top Buzzing Stocks today

Domestic equity markets were trading with decent gains in the early noon deals of Monday, January 17, 2022. At 12:44 pm, the S&P BSE Sensex was trading with a gain of 94.47 points or 0.15% at 61,317.50. The Nifty 50 index was 41.60 points or 0.23% up and was trading at 18,297.35. 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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Buzzing Stocks

HSIL: Up 12.67%.
Nectar Life: Up 19.97%.
Prism Johnson: Up 2.49%.  
Praj Industries: Up 7.50%.
KPIT Technologies: Up 6.09%.
Hero MotoCorp: Up 5.26%.
Gujarat Ambuja Exports: Up 6.86%.

Paper Stocks: On a move. Stocks like Star Paper – up 4.18%; Ruchira Paper – up 5.37%; Orient Paper – up 3.18%; JK Paper – up 4.45% and West Coast Paper – up 1.71% were trading with gains.

Leather Stocks: On a move. Stocks like Mirza International – up 4.92%; Khadim – up 4.98% and Bata India – up 1.11% were trading with gains.

Tire Stocks: On a move. Stocks like Apollo Tyres – up 4.06%; Ceat – up 1.60%; TVS Srichakra – up 1.09% and JK Tyre – up 2.39% were trading with gains.

Logistics Stocks: On a move. Stocks like Sical Logistics – up 4.98%; Aegis Logistics – up 4.27%; Mahindra Logistics – up 1.68% and Patel Integrated – up 2.86% were trading with gains.

Auto & Auto-related Stocks: On a move. Stocks like Hero MotoCorp – up 5.33%; Exide Industries – up 5.12%; Amara Raja Batteries – up 3.51%; Tata Motors – up 3.07%; Maruti – up 2.36%; Bajaj Auto – up 2.25% and Eicher Motor – up 1.24% were trading with gains. The Union Ministry of Power has promulgated the revised consolidated Guidelines & Standards for Charging Infrastructure for Electric Vehicles (EV). Any individual/entity is free to set up public charging stations without the requirement of a license provided that, such stations meet the technical, safety as well as performance standards and protocols laid down under the guidelines as well as norms/ standards/ specifications laid down by Ministry of Power, Bureau of Energy Efficiency (BEE) and Central Electricity Authority (CEA) from time to time. A phase-wise installation has been envisaged under the guidelines. Phase I (1-3 Years) in which all Mega Cities with a population of 4 million-plus as per census 2011, all existing expressways connected to these Mega-Cities & important Highways connected with each of these Mega Cities may be taken up for coverage. A list of these Mega Cities and existing connected expressways is prepared. Phase II (3-5 Years) in which big cities like State Capitals, UT headquarters may also be covered for distributed and demonstrative effect. Further, important Highways connected with each of these Mega Cities may be taken up for coverage. The tariff for supply of electricity to Public EV Charging Stations shall be a single part tariff and shall not exceed the “Average Cost of Supply” till March 31, 2025. The same tariff shall be applicable for Battery Charging Station (BCS). The tariff applicable for domestic consumption shall be applicable for domestic charging. Owners may charge their Electric Vehicles at their residence/offices using their existing electricity connections. Infrastructure requirements for Public Charging Infrastructure as well as for Public Charging Infrastructure for long-range EVs and/or heavy-duty EVs have been outlined.

Recent IPO Buzzers

Supriya Lifescience: Up 3.49%.

Data Patterns: Up 6.82%.

MapmyIndia: Up 8.25%.

PB Fintech: Up 6.07%.

Stocks in Life Highs

Rajesh Exports: Up 10.13%. Meanwhile, the stock touched a life high of Rs 952.35 per share earlier in the intraday trade today.

Greaves Cotton: Up 6.18%. Meanwhile, the stock touched a life high of Rs 251.65 per share earlier in the intraday trade today.

NIIT Ltd.: Up 4.19%. Meanwhile, the stock touched a life high of Rs 507 per share earlier in the intraday trade today.

Deepak Fertilisers: Up 2.98%. Meanwhile, the stock touched a life high of Rs 569.35 per share earlier in the intraday trade today.

TCS: Up 1.48%. Meanwhile, the stock touched a life high of Rs 4,043 per share earlier in the intraday trade today.  

Infosys: Up 0.83%. Meanwhile, the stock touched a life high of Rs 1,953.90 per share earlier in the intraday trade today.

L&T: Up 0.22%. Meanwhile, the stock touched a life high of Rs 2,058.90 per share earlier in the intraday trade today.

SBI Life: Up 1.53%. Meanwhile, the stock touched a life high of Rs 1,284 per share earlier in the intraday trade today.

Thermax: Up 0.93%. Meanwhile, the stock touched a life high of Rs 2,093.85 per share earlier in the intraday trade today.

ABB India: Down 0.68%. Meanwhile, the stock touched a life high of Rs 2,385.90 per share earlier in the intraday trade today.

Chambal Fertilizers: Up 0.71%. Meanwhile, the stock touched a life high of Rs 475.95 per share earlier in the intraday trade today.

AB Fashion: Up 2.14%. Meanwhile, the stock touched a life high of Rs 315.85 per share earlier in the intraday trade today.

Tata Communication: Up 1.19%. Meanwhile, the stock touched a life high of Rs 1,591.95 per share earlier in the intraday trade today.

R Systems: Up 1.88%. Meanwhile, the stock touched a life high of Rs 354.95 per share earlier in the intraday trade today.

Cosmo Films: Up 1.77%. Meanwhile, the stock touched a life high of Rs 1,786.10 per share earlier in the intraday trade today.

Asahi Songwon: Up 1.96%. Meanwhile, the stock touched a life high of Rs 447 per share earlier in the intraday trade today.

Maruti: Up 2.55%. Touched the 52-week high of Rs 8,368.90 today in the intraday trade.

Falling Stocks

Banking Stocks: Declining. Stocks like Axis Bank – down 1.54%; HDFC Bank – down 1.07%; ICICI Bank – down 0.48%; Kotak Bank – down 0.41% were trading in the negative territory.

Metal Stocks: Declining. Stocks like Vedanta – down 3.41%; National Aluminium – down 3.30%; NMDC – down 1.47%; SAIL – down 1.43%; Hindalco – down 1.40% and Tata Steel – down 0.79% were trading in the negative territory.

Pharma Stocks: Declining. Stocks like Granules India – down 6.32%; Laurus Labs – down 2.23%; Strides Pharma – down 1.82% and Aurobindo Pharma – down 0.85% were trading in negative territory.

Q3FY22 Earnings Impact: HDFC Bank + HCL Technologies + Tinplate + Metro Brands + Urja Global

Metro Brands: Up 19.39%. Footwear retail chain has reported a 57% YoY jump in the consolidated profit at Rs 101.27 crore for the quarter ended December 31, 2022. It had posted a profit of Rs 64.55 crore in the corresponding quarter last fiscal. Its revenue from operations grew 59% at Rs 482.77 crore in the reported quarter compared to Rs 304.21 crore posted last year. EBITDA grew 71% YoY to Rs 167.89 crore compared to Rs 98.27 crore posted last year. the company’s margin improved to 34.70% in Q3FY22 compared to 32.3% posted in Q3FY21. Meanwhile, the company informed that it has entered into a strategic partnership with wellbeing footwear brand FitFlop for the Indian market. Metro Brands has been selling FitFlop in India for the last four years and with this agreement, Metro Brands has secured exclusive rights for the sale of FitFlop for Indian markets across formats, including exclusive brand stores, multi-brand stores, airport stores, distribution, online marketplaces and webstore in India.  
Tinplate: Up 1.15%. Tinplate Company of India has reported a 187.9% YoY rise in the consolidated profit at Rs 95 crore for the quarter ended December 31, 2021. It had posted a profit of Rs 33 crore in the corresponding quarter last fiscal. Its revenue from operations grew 91.7% to Rs 1,179 crore compared to Rs 615 crore posted last year. EBITDA grew 146.3% to Rs 133 crore compared to Rs 54 crore posted last year. Margin improved to 11.3% in Q3FY22 against 8.8% posted in Q3FY21.

HDFC Bank: Down 1.07%. The leading private sector lender HDFC Bank has reported an 18% YoY rise in the profit at Rs 10,343 crore for the quarter ended December 31, 2021. It had posted a profit of Rs 8,758 crore in the corresponding quarter last fiscal. PAT is higher due to lower provisions and higher income. Net Interest Income (NII), the difference between interest earned and interest expended, jumped 13% YoY to Rs 18,443.5 crore compared to Rs 16,317.6 crore posted last year. Provisions and contingencies for the quarter declined 12.3% YoY to Rs 2,994 crore from Rs 3,414 crore posted last year. Other income grew 9.9% at Rs 8,183.6 crore in the reported quarter against Rs 7,443.2 crore posted last year. The gross non-performing assets (GNPAs) as a percentage of gross advances fell to 1.26% in Q3FY22 against 1.35% posted in Q2FY22 while the net NPA (NNPAs) dropped to 0.37% in the reported quarter against 0.4% posted in the previous quarter. The lender net interest margin (NIM) stood at 4.1%. The bank’s loan book was 16.5%.

HCL Technologies: Down 5.37%. IT Major HCL Technologies has reported a 5.6% QoQ rise in the consolidated profit at Rs 3,442 crore for the quarter ended December 31, 2021. It had posted a profit of Rs 3,259 crore posted in the previous quarter ended September 30, 2021. Revenue from operations grew 8.1% QoQ to Rs 22,331 crore compared to Rs 20,655 crore posted last year. The IT major said its revenue in dollar terms grew 6.7% QoQ to $297.7 crore in the reported quarter against $279.1 crore posted in the previous quarter. EBIT grew 7.9% QoQ to Rs 4,257 crore in December 2021 quarter against Rs 3,944 crore posted in September 2021 quarter. Its margin remained flat at 19.1%. In constant currency terms, revenue growth stood at 7.6 per cent QoQ, the highest in the last 12 years. The company declared a dividend of Rs 10 per share for Q3, being the 76th consecutive quarter of dividend pay-out. The record date for interim dividend payment has been fixed on December 22, 2022. The company said the total contract value (TCV) of its new deal was at $2,135 million registering 64% YoY growth. It said its revenue is expected to grow in double digits in constant currency for FY22. EBIT margin is expected to be between 19% and 21% for FY22. The attrition was at 19.8% against 15.7% posted in the previous quarter. Besides, LIC increases the stake by 2.67% Vs 2.34% in the December quarter.

Urja Global: Down 4.94%. The solar power company has reported a 39% YoY drop in the consolidated profit at Rs 0.31 crore for the quarter ended December 31, 2021. It had posted a profit of Rs 0.51 crore in the corresponding quarter last fiscal. Revenue from operations fell 36% YoY to Rs 24.95 crore compared to Rs 38.72 crore posted last year. EBITDA grew 533% to Rs 0.57 crore compared to Rs 0.09 crore posted last year. Margin improved to 2.28% in Q3FY22 compared to Rs 0.2% posted in Q3FY21. 

Stocks in News

Oil India Ltd.: Up 3.06%. Oil India (USA) Inc., A Texas, USA Corporation (Wholly Owned Subsidiary of Oil India Limited), divested its entire stake in Niobrara Shale Asset, USA. The company will get $25 million by divesting the entire stake. Besides, ATF price or jet fuel was hiked by 4.2% on Sunday. This is the second increase in rates this month warranted by firming international oil prices.

Hinduja Global: Down 5.66%. The Board of Directors of the company has approved a buyback of up to Rs 1,000 crore. The exact quantum of the buyback, price of buyback, timing of the buyback will be announced later. Besides, the Board also reviewed potential opportunities and agreed on in-principle one of the opportunities to acquire the digital business of NXTDIGITAL Limited (‘NDL’), a related party, through the issuance of shares. The proposed acquisition of the digital business of NDL will be a strategic fit to the Company’s stated strategy of becoming a digital company. With a pan-India reach, NXTDIGITAL delivers television services through a dual delivery platform consisting of digital cable and the country’s only Headend-In-TheSky (HITS) satellite platform, under the brand names INDigital and NXTDIGITAL respectively. NDL is the media vertical of the global Hinduja Group.

Gateway Distriparks: Up 1.98%. LIC reduced its stakes in the company by 1.17% in the December 2021 quarter.  

ISMT: Up 4.92%. Mukul Mahavir Agarwal bought 2.43% stakes in the company in December 2021 quarter.