Advanced Enzyme, ITC Motherson Sumi, Ashok Leyland to Tourism sector Stocks - here are top Buzzing Stocks today

The Indian markets were trading higher during the noon session of Friday, February 12, 2021. At 12:20 pm, the S&P BSE Sensex was trading 126.34 points or 0.25% up at 51,657.86 and Nifty 50 was trading at with a gain of 31.35 points or 0.21% at 15,204.65. Adani Ports which scaled 3.84% was the top Nifty 50 gainer at the moment and was followed by IndusInd Bank (up 3.06%) and Infosys, HDFC and Wipro up more than 1% each. On the other hand, ITC slipped 3.55% and was followed by Coal India and NTPC, more than 2% down each. Meanwhile, there are certain stocks which were in action in either direction based on reports linked to them. Here is a list of few such stocks:

Advanced Enzyme (up 4.48%): Shares of Advanced Enzyme were trading at a gain of more than 4% after it reported its financial number for the quarter ended December 2020. It had reported a net profit of Rs 44 crore in Q3FY21 against Rs 35 crore posted in Q3Fy20. Revenue grew to Rs 138 crore in Q3FY21 from Rs 112 crore posted last year. EBITDA grew to Rs 67 crore from Rs 52 crore reported last year and the margins went up to 49% from 46%.

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Cheviot (Up 10.56%): Shares of the company hit the circuit after it reported its financial number of the December quarter of FY21. It has reported a net profit of Rs 23 crore for Q3FY21 against Rs 16 crore posted in Q3FY20. Revenue grew to Rs 120 crore from Rs 114 crore posted last year.

Motherson Sumi (6.44%): Shares were trading more than 6% higher after reporting its quarterly numbers for the quarter ended December 31, 2020. It had posted a net profit of Rs 798 crore in Q3FY21 against Rs 271 crore posted last year in the same quarter. Revenue went up to Rs 17,092 crore in the reported quarter from Rs 15,661 crore posted last year.

NBFC Stocks: Shares of NBFC companies, like Mahindra & Mahindra Financial Services (5.10%) & LIC Housing Finance (up 2.14%) among others, were in action today.

Ashok Leyland (down 4.59%): The shares of the commercial vehicle manufacturer Ashok Leyland plunged more than 4.50% in the noon trade on Friday after the company reported a loss of Rs 19.4 crore for the quarter ended December 31, 2020, against a profit of Rs 27.8 crore reported in the same quarter last year.

ITC (down 3.73%): Shares of ITC declined over 3.50% in the noon trade after the country’s largest cigarette maker ITC has reported an 11.6% year-on-year decline in the net profit at Rs 3,662.9 crore for the quarter ended December 31, 2020. It had posted a net profit of Rs 4,142 crore in the corresponding quarter last financial year.

Power Grid (down 0.70%): Shares of the company were trading lower after reported a 24.3% year-on-year rise in standalone profit at Rs 3,323.8 crore for the quarter ended December 31, 2020.

CONCOR (up 2.80%): The shares were trading around 3% up to as there are reports that bid for divestment of the engaged in the transportation of containers (rail and road), and handling of containers is likely to be started by early March.

Tourism Sector Stocks: The stocks associated with the tourism industry are in focus today as the government is likely to bring a new tourism policy in the next 1-2 months. Discussions with states and industry on the same policy have reached the final stage, sources informed to Zee Business. According to the sources, there are talks related to grating infra status to the tourism sector and tourism ministry will soon have such talks with the Finance Ministry. The government will have a focus on improving adventure parks and a lot of emphases will be given on improvement in investment framework of Hotel, Resort. There is a special plan to increase access to major tourism destinations.