Banking Stocks, PVR to Tatva Chintan Pharma - Here are top Buzzing Stocks today

Domestic equity markets erased all the intraday losses and were trading with minor gains in Monday's noon deals. At 12:44 pm, the S&P BSE Sensex was trading 217.48 points or 0.36% up 61,039.10. The Nifty 50 index was trading 37.75 points or 0.21% higher at 18,152.65. 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

ICICI Bank: Up 12.37%. The country's second-largest private sector lender has reported a 30% YoY rise in the profit at Rs 5,511 crore for the quarter ended September 30, 2021. It had posted a profit of Rs 4,251 crore posted in the year-ago quarter. Net interest income, the difference between interest earned and interest expenses, grew by 25% YoY to Rs 11,690 crore as against Rs 9,366 crore posted last year. The bank had provisions and contingencies at Rs 2,714 crore as of September 2021, declining 9% YoY as against Rs 2,995 crore. Net interest margin (NIM) stood at 4% in Q2FY22 as against 3.6% posted last year. In addition, ICICI Bank continued to hold COVID-19 provisions of Rs 6,425 crore as of September 2021, the same level as of June 2021. Total advances (loan) grew by 17% YoY and Domestic loan portfolio grew by 19%. Gross non-performing assets (GNPA) stood at 4.82% in Q2FY22 as against 5.15% posted in Q1FY22 while net non-performing assets (NNPA) stood at 0.99% in the reported quarter as against 1.16% posted in Q1FY22. The lender's restructured book stands at Rs 9,684 crore. ICICI Bank UK repatriates $200 million capital to parent firm in India. 

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Banking Stocks: On a move with Nifty Bank index trading at a gain of 3.41%. Stocks like ICICI Bank - up 12.37%; Axis Bank - up 5.61%; Federal Bank - up 2.02%; PNB - up 3.30% and SBI - up 2.33% were trading with gains.

PVR: Up 6.73%

Balaji Amines: Up 6.91%.

KEC International: Up 6.20%.

Balaji Amines: Up 6.91%.

KEC International: Up 6.20%.

Solar Industries: Up 5.65%.

Tanla Platform: Up 5%.

Mahindra CIE: Up 3.02%

Ingersoll Rand (India): Up 3%.

IFB Industries: Up 1.26%.

Shoppers Stop Up 1.05%.

SAIL: Up 1.07%.

Hindustan Copper: Up 1.31%.

Falling Stocks

Railways Stocks: Declining. IRCTC: down 11.09%; RVNL - down 9.99%; IRCON: down 4.46%; IRFC - down 2.33%; RITES - down 4.47% RailTel - down 3.32% and Titagarh Wagons - down 0.55% were trading with fall.

Paint Stocks: Declining. Stocks like Asian Paints - down 2.31%; Kansai Nerolac - down 2.36%; Shalimar Paints - down 1.64% and Berger Paints - down 2.06% were trading with a fall.
Hotel Stocks: Declining. Stocks like Mahindra Holidays - down 5.49%; Kamat Hotels - down 2.68%; Lemon Tree Hotels - down 2.05%; EIH Associated - down 2.49%; ITDC - down 2.65%; EIH - down 3.84% and ITC - down 0.17% were trading with a fall.

Tour and Travel Stocks: Declining. Stocks like IRCTC - down 11.09%; Mahindra Holidays - down 5.49%; Easy Trip Planners - down 5%; Thomas Cook India - down 6.46% and International Travel House - down 5.01% were trading with a fall.

IEX: Down 6.32%.

Info Edge: Down 5.51%.

Mahindra Lifespaces: Down 5.46%.

NAM India: Down 3.29%.

Mphasis: Down 3.72%.

Linde India: Down 3.42%.

VIP Industries: Down 2.66%.

Manappuram Finance: Down 2.28%.

Mahindra Logistics: Down 2.04%.

Avenue Supermarts: Down 2.01%.

Bajaj Finserv: Down 1.92%.

Sobha Ltd: Down 1.83%.

Radico Khaitan: Down 1.65%

Finolex Cables: Down 1.80%

Graphite India: Down 5.52%

KPIT Technologies: Down 4.35%.

Kaya: Down 4.48%.

Alkyl Amines: Down 4.13%.

Indiabulls Housing Finance: Down 3.29%.

Divi's Laboratories: Down 3.08%

JK Cement: Down 2.88%.

ACC: Down 1.11%.

Tata Chemicals: Down 1.37%.

Foseco India: Down 1.43%.

Torrent Pharma: Down 0.99%.

Earnings Impact

Tatva Chintan Pharma: Up 10.30%. The specialty chemical manufacturer has reported 9.3 times YoY rise in the profits at Rs 32.4 crore for the quarter ended September 30, 2021. It had posted a profit of Rs 3.5 crore in the year-ago quarter. Its revenue from operations grew 2.06 times to Rs 123.6 crore as against Rs 60 crore posted last year. EBITDA stood at Rs 35.8 crore, up 56.6 times, as against Rs 6.4 crore posted last year. Margin improved to 29% in Q2FY22 as against 10.7% posted in Q2FY21. 

Coforge: Down 8.47%. The company has reported an 18.5% QoQ rise in the consolidated profit at Rs 147 crore for the quarter ended September 30, 2021. It had posted a profit of Rs 124 crore in the previous quarter ended June 30, 2021. Revenue from operations grew 7.4% to Rs 1,569 crore as against Rs 1,491 crore posted in the previous quarter. $Revenue grew 6.4% to $21.28 crore as against Rs 20 crore posted in June 2021 quarter. EBIT grew 35.8% QoQ to Rs 214.5 crore as against Rs 158 crore posted in the previous quarter. Margin improved to 13.7% in Q2FY22 as against 10.8% posted in Q1FY22.

MCX: Down 6.45%. Multi Commodity Exchange of India Ltd (MCX) has reported a 44.2%YoY decline in consolidated net profit at Rs 32.7 crore for the quarter ended September 2021. Its net profit stood at Rs 58.6 crore in the year-ago period. Revenue from operations declined 30.7% YoY to Rs 83 crore as against Rs 119.7 crore posted last year. EBIT dropped 55.4% to Rs 27 crore as against Rs 60.5 crore posted last year. Margins contracted to 32.5% in Q2FY22 as against 50.5% posted in Q2FY21. 

Crompton Greaves Consumer: Down 6.94%. Consumer products company has reported a 24% YoY rise in the consolidated profit at Rs 170 crore for the quarter ended September 30, 2021. It had posted a profit of Rs 137 crore in the year-ago quarter. Its revenue from operations grew 14% YoY to Rs 1,385 crore as against Rs 1,198 crore posted last year. EBITDA grew 15% to Rs 214 crore as against Rs 186 crore posted last year. Margin contracted to 15% in Q2FY22 as against 16% posted in Q2FY21.

Tata Elxsi: Down 2.80% The world's leading provider of design and technology services has reported a 10.5% QoQ rise in the profit at Rs 125.3 crore for the quarter ended September 30, 2021. It had posted a profit of Rs 113.4 crore in the previous quarter ended June 30, 2021. Its revenue from operations grew 6.6% QoQ to Rs 595.3 crore in the period under consideration as against Rs 558.3 crore posted in June 2021 quarter. EBITDA grew 13.3% to Rs 183.6 crore in the reported quarter as against Rs 162 crore posted in the previous quarter. Margins improved to 30.84% in Q2FY22 as against 29% posted in Q1FY22. 

Gland Pharma: Down 7.47%. Drug firm Gland Pharma has reported a 38% YoY rise in the consolidated profit at Rs 302 crore for the quarter ended September 30, 2021. It had posted a profit of Rs 218.9 crore in the year-ago quarter. Its revenue from operations grew 30% to Rs 1,080.5 crore in the reported quarter as against Rs 831.5 crore posted last year. EBITDA grew 26.5% YoY to Rs 376.5 crore as against Rs 297.7 crore posted last year. The margins fell to 34.85% in Q2FY22 as against 35.8% posted in Q2FY21.

ABB Power: Down 6.48%. The company has reported a 620% YoY rise in profit at Rs 34.3 crore for the quarter ended September 30, 2021. It had posted a profit of Rs 4.8 crore in the year-ago quarter. Its revenue from operations dropped 9% YoY to Rs 848.6 crore as against Rs 933.2 crore posted last year. EBITDA down by 12.5% to Rs 73.2 crore as against Rs 83.7 crore posted last year. Its margin is down to 8.6% in Q2FY22 as against 9% posted in Q2FY21. In the base quarter, there was an Exceptional Provision of Rs 60.5 crore.

Reliance Industries: Down 0.93%. Energy-to-telecom behemoth Reliance Industries Limited (RIL) has reported a 12.11% QoQ rise in the consolidated profit at Rs 15,479 crore for the quarter ended September 30, 2021. It had posted a profit of Rs 13,806 crore in the previous quarter ended June 30, 2021. Its revenue from operations grew 19.8% to Rs 1,67,611 crore as against Rs 1,39,949 crore posted in the previous quarter. EBITDA grew 11.35% to Rs 26,020 crore as against Rs 23,368 crore posted in the June quarter. Margins fell to 15.5% in Q2FY22 as against 16.7% posted in Q1FY22.

Tata Consumer Products: Down 0.86%. Fast-moving consumer goods company has reported a 4.2% YoY rise in the consolidated profit at Rs 268 crore for the quarter ended September 30, 2021. It had posted a profit of Rs 257.1 crore in the year-ago quarter. Its revenue from operation grew 9% to Rs 3,033.1 crore as against Rs 2,781.3 crore posted last year. EBITDA grew 3.4% to Rs 413.3 crore in the period under consideration as against Rs 399.6 crore posted last year. Margins stood at 13.6% in Q2FY22 as against 14.4% posted in Q2FY21. 

Stocks In News

NRB Bearings: Down 2.98%. Board of Directors of the Company at its meeting held today approved the execution of a share purchase agreement with NRB Holdings Limited (NRB Holdings), a wholly-owned subsidiary of the Company, incorporated in Dubai International Finance Centre, Dubai, United Arab Emirates for disinvestment of its 100% shareholding in its wholly-owned subsidiary, NRB Bearings Europe GmbH, to NRB Holdings at an aggregate consideration of not less than Rs 11,32,00,000. It also approved the execution of a share purchase agreement with NRB Holdings for disinvestment of its 100% shareholding in its wholly-owned subsidiary, NRB Bearings USA Inc., to NRB Holdings at an aggregate consideration of not less than Rs. 96,60,000.

Asian Paints: Down 2.31%. There is an allegation related to related party transactions (RPTs) carried out by the promoters of Asian Paints Ltd. (APL) that allegedly benefited them at the cost of the company’s shareholders. The whistle-blower has informed SEBI that promoter Ashwin Dani has used Asian Paints money to buy Paladin Paints and Chemicals (PPC). The whistle-blower has alleged that Asian Paints in addition to his salary to Chief of Technology Jairam Nadkarni has paid additional money to him. Nadkarni owned a 100% stake in Paladin Paints. It is alleged that this payment was related to the acquisition of Paladin Paints, which was later transferred to a separate holding company. It is alleged that the holding company of Paladin Paints is owned by the Dani family. The company in its clarification in response to a news item published in ‘Hindu Business Line’ has said that the Company had entered into a technical consultancy agreement with one Jayram Nadkarni (ex-employee of the Company) and Paladin Paints and Chemicals during the financial year 2005– 2006.

Vijaya Diagnostic Centre: Down 1.06% Fidelity Fund on October 20, 2021, bought 2,28,243 shares (0.22% stakes) in the company. With this, its stakes had increased to 5% from the previous 4.78%. 
Vascon Engineers: Up 1%. Vallabh Bhanshali's stakes have declined from 1.27% to 1.09% in the company. Himanshi Kela bought 1.43% stakes in Vascon Engineers.