Domestic equity markets erased the intraday losses and were trading with marginal gains on Tuesday's noon deals. At 12:09 pm, the S&P BSE Sensex was trading at a gain of 57.31 points or 0.10% at 60,195.77. The Nifty 50 index was 10.45 points or 0.06% up and trading at 17,940.10. Earlier in the morning deals, the Sensex fell to 59,918.85 and Nifty touched the low of 17,872.25. Meanwhile, certain stocks were in action in either direction based on reports linked to them. Here is a list of a few such stocks:

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Earnings Reactions

Allcargo Logistics: Up 16.44%. The transport company reported a 298% YoY rise in the consolidated profit of Rs 228 crore for the quarter ended September 30, 2021, as against a profit of Rs 57.3 crore in the year-ago quarter. Its revenue from operations grew 113% YoY to Rs 4,978 crore as against Rs 2,336.6 crore posted last year. EBITDA grew 12.5% to Rs 362.3 crore against Rs 162.1 crore posted last year. Margin improved to 7.3% in Q2FY22 against 6.9% posted in Q2FY21.

 

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Shipping Corporation of India: Up 1.59%. The shipping company has reported a 71.3% YoY rise in the consolidated profit at Rs 243 crore for the quarter ended September 30, 2021, as against a profit of Rs 141.9 crore posted last year. Its revenue from operations grew 44.8% YoY to Rs 1,221.3 crore as against Rs 843.2 crore posted last year. EBITDA grew 95.7% to Rs 339.1 crore as against Rs 203.9 crore posted last year. Margins grew to 32.7% in Q2FY22 as against 24.2% posted in Q2FY21. 

IG Petrochemicals: Up 1.23%. The chemical manufacturer has reported a 180.6% YoY rise in the consolidated profit at Rs 65.1 crore for the quarter ended September 30, 2021, as against a profit of Rs 23.2 crore in the year-ago quarter. Its revenue from operations grew 94.3% YoY to Rs 471.1 crore as against Rs 242.4 crore posted last year. EBITDA grew 133.3% to Rs 97.5 crore against Rs 41.8 crore posted last year. Margin improved to 20.7% in Q2FY22 against 17.2% posted in Q2FY21. Besides, the new downstream product i.e. Advance Plasticizer manufacturing facility plant with a capacity of 8,400 MTPA situated at Taloja Industrial Area, Maharashtra has commenced its commercial production from today. In addition, the board approved the expansion of Phthalic Anhydride with a capacity of 53,000 MTPA at our existing plant location, Taloja (brownfield expansion) approx. Rs 345 crore. 

Tata Motors: Up 1.17%. The multinational automotive manufacturing company reported a consolidated net loss of Rs 4,441 crore for the quarter ended September 30, 2021, as against a net loss of Rs 314 crore in the year-ago quarter. However, the carmaker's revenue from operations grew 14.7% YoY to Rs 61,379 crore against Rs 53,530 crore posted last year. EBITDA declined by 8% to Rs 5,160 crore as against Rs 5,607 crore of the last year. Margin contracted to 8.4% in Q2FY22 as against 10.5% posted in Q2FY21.

Godrej Properties: Down 2.27%. The real estate developer today posted a 403% YoY rise in the consolidated profit at Rs 35.72 crore for the quarter ended September 30, 2021, as against a profit of Rs 7.10 crore of the year-ago quarter. Its revenue from operations grew 44.49% at Rs 129.32 crore as against Rs 89.50 crore. Its EBITDA loss stood at Rs 56.17 crore against a loss of Rs 71.36 crore (YoY).

Bajaj Consumer: Down 5.40%. Indian consumer goods company has reported an 18.3% YoY decline in the consolidated profit at Rs 467.5 crore for the quarter ended September 30, 2021, as against a profit of Rs 56.9 crore in the year-ago quarter. Its revenue from operations declined 4.7% YoY to Rs 216.2 crore as against Rs 226.9 crore posted last year. EBITDA dropped 23.2% to Rs 48 crore against Rs 62.5 crore posted last year. Margin contracted to 23.2% in Q2FY22 against 27.5% posted in Q2FY21.

Kalyani Steels: Down 1.06%. The iron and steel forging company have reported a 36.2% YoY rise in the consolidated profit at Rs 61.7 crore for the quarter ended September 30, 2021, as against a profit of Rs 45.3 crore in the year-ago quarter. Its revenue from operations grew 43.2% YoY to Rs 460.8 crore as against Rs 321.9 crore posted last year. EBITDA grew 39.6% to Rs 85.6 crore against Rs 61.3 crore posted last year. The margin remains almost flat at 18.6% in Q2FY22 against 19% posted in Q2FY21.

Nelcast: Down 1.55%. The manufacturer of Ductile & Grey Iron Castings has reported a 27.7% YoY drop in the consolidated profit at Rs 3.4 crore for the quarter ended September 30, 2021, as against a profit of Rs 4.7 crore posted last year. Its revenue from operations grew 70.7% YoY to Rs 238 crore as against Rs 139.4 crore posted last year. EBITDA grew 1.6% YoY to Rs 12.6 crore as against Rs 12.4 crore posted last year. Margins contracted to 5.3% in Q2FY22 as against 8.9% posted in Q2FY21. 

Relaxo Footwear: Down 1.06%. The footwear maker's consolidated profit declined 8.5% YoY to Rs 68.7 crore for the quarter ended September 30, 2021, as against a profit of Rs 75.1 crore posted last year. Its revenue from operations grew 24% YoY to Rs 714.4 crore as against Rs 575.9 crore posted last year. EBITDA fell 8% to Rs 116.7 crore as against Rs 126.9 crore posted last year. Margins contracted to 16.3% in Q2FY22 as against 22% posted in Q2FY21. 

Sequent Scientific: Down 4.74%. The pharmaceutical company has reported a 41.5% YoY decline in the consolidated profit at Rs 13.8 crore for the quarter ended September 30, 2021, as against a profit of Rs 23.6 crore posted last year. Its revenue from operations rose marginally by 0.3% YoY to Rs 351 crore as against Rs 350 crore posted last year. EBITDA fell 65.7% to Rs 20.5 crore as against Rs 59.7 crore posted last year. Margins contracted to 5.8% in Q2FY22 as against 17.1% posted in Q2FY21. 

Bayer Crop Science: Down 5.42%. The pharmaceutics company has reported a 31.4% YoY decline in the consolidated profit at Rs 154.1 crore for the quarter ended September 30, 2021, as against a profit of Rs 224.6 crore posted last year. Its revenue from operations fell 1.2% YoY to Rs 1,365.1 crore as against Rs 1,381 crore posted last year. EBITDA fell 25.5% to Rs 221.8 crore as against Rs 297.7 crore posted last year. Margins contracted to 16.2% in Q2FY22 as against 21.5% posted in Q2FY21.

Buzzing Stocks

Auto Stocks: On a move with Nifty Auto Index trading with a gain of 1.40%. Stocks like Maruti Suzuki - up 3.33%; Tata Motors - 1.17%; Bajaj Auto - up 0.96%; Ashok Leyland - up 0.69% and Hero MotoCorp - up 0.38% were trading with gains.  

Tata Group Stocks: On a move. Stocks like Tata Motors - up 1.17%; Tata Motors DVR - up 3.53%; Tata Power - up 3.50%; Trent - up 1.55%); Tata Elxsi - up 2.11% and Titan - up 1.21% were trading with gains.
Shipping Stocks: On a move. Stocks like Dredging Corporation - up 3.74%; Great Eastern Shipping - up 3.60%; SCI - up 1.59% and SEAMEC - up 1.63% were trading with gains.

Hotel Stocks: On a move. Stocks like Kamat Hotels - up 9.74%; Taj GVK - up 1.24%; Mahindra Holidays - up 2.00% and Oriental Hotels - up 1.47% were trading with gains.

Logistics Stocks: On a move. Stocks like Allcargo Logistics - up 16.44% and Sical Logistics - up 4.81% up were trading with gains.

Realty Stocks: On a move with Nifty Realty Index trading with a gain of 2.48%. Stocks like Indiabulls Real Estate - up 7.99%; Phoenix Ltd - up 6.41%; Prestige Estates - up 6.17%; DLF - up 4.04%; Brigade

Enterprises: up 3.26% and Oberoi Realty - up 2.85% among others except Lodha (down 0.23%) and Godrej Properties (down 2.27%) were trading with gains.

Consumer Durable Stocks: On a move with Nifty Consumer Durable Index trading with a gain of 0.62%. Stocks like Orient Electric - up 4.05%; Blue Star - up 3.65%; Amber Enterprises - up 2.73%; Dixon

Technologies: up 2.21%; Titan - up 1.64% and Bata India - up 1.06% were trading with gains.

Tube Investments: up 11.15%.

RBL Bank: up 7.08%.

Barbeque Nations: Up 4.18%.

Bandhan Bank: Up 2.12%.

Devyani International: Up 6.43%.

KPIT Technologies: Up 3.89%.

Piramal Enterprises: Up 4.32%.

Tilaknagar Industries: Up 1.59%.

India Cement: Up 1.60%.

Piramal Enterprises: Up 4.16%.

IEX: Up 2.70%.

Stocks in News

NTPC: Up 1.94%. The company said that consequent upon successful commissioning and due approvals, the first part capacity of 80 MW of 160 MW Jetsar Solar PV Project at Rajasthan, is declared on commercial operation w.e.f. October 22, 2021. With this, the installed, as well as commercial capacity of NTPC and NTPC group, has become 53572.5 MW and 66997.5 MW, respectively.

Maruti Suzuki: Up 3.33%. Maruti Suzuki India Limited today announced the commencement of bookings for its much-awaited, stylish All-New Celerio. All-New Celerio can be booked with an initial payment of Rs 11,000.

Ind Swift Laboratories (up 9.99%)/PI industries (down 7.25%): Since Ind Swift Laboratories has not been able to complete several of the pre-agreed conditions precedents, the Business Transfer Agreement (BTA) with Ind Swift stands terminated. PI Industries tied up with Ind Swift to buy API business and the deal was cancelled In view of non-fulfilment and also disagreement on some of the pre-agreed conditions, the Company has decided not to further pursue the aforesaid transaction. The business Transfer Agreement has expired and the company has no plans to extend the BTA date. 

Burger King: Up 2.84%. The Fast food restaurant company will acquire an 83.24% stake in PT Sari Burger Indonesia which has 177 restaurants for a consideration of $18.3 crore (approx. Rs 1,370 crore). One of the sellers is QSR Indoburger Pte. Ltd. which holds 66.48% of the issued share capital of BK Indonesia, is a related party to the transaction.

Grasim Industries: Down 0.84%.The Company has successfully commissioned a new line of 300 Ton Per Day (TPD) capacity of VSF and has commenced the commercial production from today i.e. 1st November 2021. With this, the total VSF capacity of the Company has increased from 591,000 to 700,500 Ton Per Annum (TPA). Besides, the Company has also successfully commissioned the first phase of an expansion project at Rehla, Jharkhand on October, 21 with a capacity of 170 TPD Caustic Soda Lye. With this, the total Caustic Soda capacity of the Company has increased from 1,147 to 1,209 Kilo Ton Per Annum (KTPA).  

Sun Pharmaceutical: Down 1.93%. Indian pharmaceutical major is scheduled to declare its results for the second quarter ending September 30, today.