Chennai Petroleum, Financial Services Stocks to IndiaMART InterMESH - here are top buzzing stocks today

Indian stock benchmarks were trading near the day's high in the noon deals of Friday, April 29, 2022. At 12:59 pm, the S&P BSE Sensex was trading with a gain of 372.50 points or 0.65% at 57,893.56 while the Nifty 50 index was 113.70 points or 0.66% up and was trading at 17,358.75. Meanwhile, certain stocks were in action in either direction based on reports linked to them. Here is a list of some of such stocks:

Buzzing Stocks

Chennai Petroleum: Up 9.99%.
Religare Enterprises: Up 3.24%.
Bharat Dynamics: Up 1.98%.
Indo Edge: Up 2.14%.
Dr Reddy's: Up 2.25%.
HDFC Life: Up 3.52%.
New India Assurance: Up 3.57%.
MRPL: Up 6.88%.
Angel One: Up 6.34%.
Kanoria Chemicals: Up 1.64%.
Meghmani Finechem: Up 7.80%.
IFB Industries: UP 5.96%.
Bodal Chemical: Up 3.17%.
Deepak Fertilizers: Up 3.76%.
Borosil Renewables: Up 3.23%.
Asahi India Glass: Up 3.48%.
Rupa & Company: Up 6.68%.
Lovable Lingerie: Up 5.79%.
Indian Hotels: Up 4.49%.
Mahindra Holidays: Up 5.92%.
LIC Housing Finance: Up 1.24%.
Pioneer Distilleries: Up 3.17%.
Tata Motors: Up 2.26%.
M&M: Up 1.24%.
Escorts: Up 1.78%.
GAIL: Up 1.96%.
Castrol India: Up 1.82%.
Auto Ancillary Stocks: Mahindra CIE - up 2.42%; Endurance Technologies - up 1.35%; Schaeffler India - up 4.85%; Suprajit Engineering - up 3.49%; Bharat Gears - up 3.04% and BOSCH - up 2.15% were trading with decent gains.
Financial Services Stocks: On a move. Stocks like Shriram Transport - up 6.71%; HDFC Life - up 3.52%; Piramal Enterprises - up 2.84%; HDFC - up 2.16% and HDFC AMC - up 1.09% were trading with decent gains.
FMCG Stocks: On a move. Stocks like Varun Beverages - up 4.27%; UBL - up 2.16%; Tata Consumer - up 2.13%; United Spirits - up 1.61% and Hindustan Unilever - up 1.46% were trading with decent gains.
IT Stocks: On a move. Stocks like Coforge - up 3.21%; Mphasis - up 1.96% and LTTS - up 1.70% were trading with decent gains.
Metal Stocks: On a move. Stocks like Jindal Steel (Hisar) - up 3.37%; Tata Steel - up 1.52%; JSW Steel - up 1.36%; Hindalco - up 1.33% and APL Apollo - up 1.08% were trading with decent gains.
Pharma Stocks: On a move. Stocks like Sun Pharma - up 2.31%; Dr Reddy's - up 2.21%; Pfizer - up 1.64%; Aurobindo Pharma - up 1.41%; Glenmark - up 1.28% and Lupin - up 1.02% were trading with decent gains.
Realty Stocks: On a move. Stocks like Godrej Properties - up 1.68%; Oberoi Realty - up 1.61%; Phoenix Mills - up 1.41%; Brigade Enterprises - up 1.39% and Sobha - up 1.11% were trading with decent gains.
Consumer Durable Stocks: On a move. Stocks like Amber Enterprises - up 3.31%; Kajaria Ceramics - up 1.39%; Whirlpool - up 1.31% and Rajesh Exports - up 1.06% were trading with decent gains.
Banking Stocks: On a move. Stocks like Kotak Bank - up 2.14%; HDFC Bank - up 2.05%; IndusInd Bank - up 1.28%; ICICI Bank - up 1.26% and Bandhan Bank - up 1.14% were trading with decent gains.

Falling Stocks

CanFin Homes: Down 6.03%.
Som Distilleries: Down 4.95%.
La Opala: Down 3.19%.
Godrej Agrovet: Down 2.74%.
ICICI Securities: Down 2.06%.
BEL: Down 2.37%.
Wipro: Down 1.79%.
SBI Life: Down 1.24%.
ICICI Lombard: Down 2.71%.
Max India: Down 1.21%.
Adani Ports: Down 1.57%.
Coal India: Down 2.37%.
UTI AMC: Down 3.54%.
Shakti Pumps: Down 1.07%.

India Nippon Electricals: Down 1.25%.

Voltas: Down 1.19%.

Kamat Hotels: Down 1.91%.

EV Stocks: Under Pressure. Stocks like Greaves Cotton - down 1.78%; KPIT Technologies - down 1.89%; JBM Auto - down 1.88% and Grindwell Norton - down 1.19% were trading in the negative territory.

Chemical Stocks: Under Pressure. Stocks like Fineotex Chemicals - down 4.40%; Camlin Fine Sciences - down 10.90% and Neogen Chemical - down 1.24% were trading in the negative territory.

Oil & Gas Stocks: Under pressure. Stocks like MGL - down 5.80%; Gujarat Gas - down 5.47%; IGL - down 5.25%; Hindustan Petroleum - down 2% and Petronet - down 1.92% were trading in the negative territory.

Reactions to Q4FY22 RESULTS  

IndiaMART InterMESH: Up 2.59%. The B2B marketplace has reported a 17.9% QoQ decline in the consolidated profit at Rs 57.5 crore for the quarter ended March 31, 2022, compared to Rs 70 crore posted in the previous quarter ended December 31, 2022. Revenue from operations grew 6.9% QoQ to Rs 201 crore compared to Rs 188 crore posted in December 2021 quarter. EBITDA declined 26.8% QoQ to Rs 57.3 crore compared to Rs 78.3 crore posted in the previous quarter. Margin dropped to 28.5% in Q4FY22 against 41.6% in Q3FY22. Besides, the company's board has recommended a final dividend of Rs 2 per equity share of the face value of Rs. 10 each for the Financial Year 2021-22. The board also approved the proposal for buyback of up to 1,60,000 fully paid-up equity shares of the Company having a face value of Rs 10 through the tender offer route at Rs 6,250 per share (at a premium of 27.6% at the current market price of Rs 4,900 per share), payable in cash, for an aggregate amount not exceeding Rs 100 crores. The resultant Equity Shares to be bought back at the Buyback Offer Price are 1,60,000 Equity Shares, representing 0.52% of the total Equity Shares in the total paid-up equity share capital of the Company. The record date for the purpose has been fixed on May 11, 2022.

Shriram Transport Finance: Up 6.71%. The NBFC has reported a 43.9% YoY rise in the standalone profit at Rs 1,086.1 crore for the quarter ended March 31, 2022, compared to Rs 754.9 crore posted in the corresponding quarter last year. Net interest income, grew 19.3% YoY to Rs 2,524.4 crore in the reported quarter compared to Rs 2,115.4 crore posted last year. The company's GNPA dropped to 7.07% in March 2022 quarter from 8.4% posted in December 2021 quarter while the NNPA fell to 3.67% in the reported quarter against 4.36% posted in the previous quarter. The net interest margin of the company grew to 6.96% in Q4FY22 from 6.65% posted in Q3FY22. Its assets under management (AUM) grew 8.36% YoY. The company in a statement said, a meeting of the Banking and Finance Committee, Debt Issuance Committee and Allotment Committee will be held on May 31, 2022, to Decide the issue price of debt securities/ bonds by which fundraising is to be done.

Axis Bank: Down 4.46%. The private sector lender on Thursday reported a 53.8% YoY rise in the consolidated profit at Rs 4,117.8 crore for the quarter ended March 31, 2022, compared to Rs 2,677.1 crore posted in the corresponding quarter last year. The net interest income, the difference between interest earned and interest expended, grew 16.7% YoY to Rs 8,819.1 crore compared to Rs 7,555 crore posted last year. The net interest margin (NIM) for the quarter came in at 3.49% Q4FY22 against 3.4% posted in Q3FY22. The lender has shown better improvement in terms of asset quality as its gross non-performing assets (NPA) reduced to 2.81% in Q4FY22 against 3.17% posted in the December 2021 quarter. Similarly, the Net NPA dropped to 0.73% against 0.91% posted in Q3FY22. The bank's deposit grew 19% YoY while its advances (loans) grew 15% YoY, with retail loans growth at 21% YoY and SME loans at 26% YoY. Axis Bank said advances at Rs 7.07 lakh crore as of March 2022 grew 15% YoY, with retail loans (which accounted for 57% of net advances) growing at 21% YoY and the growth in the corporate loan book was just 4% compared to the corresponding period last fiscal. The bank's free income grew 11% YoY. Besides, the board has recommended a dividend of Re 1 per share.

Mphasis: Up 1.96%. The IT firm has reported a 9.5% QoQ rise in the consolidated profit at Rs 392 crore for the quarter ended March 31, 2022, compared to Rs 358 crore posted in the corresponding quarter last year. Its revenue from operations grew 4.9% QoQ to Rs 3,278 crore compared to Rs 3,124 crore posted in the previous quarter. In dollar terms, the company's revenue grew 4.1% QoQ to $43.1 crore compared to $41.43 crore posted in the previous quarter. EBIT grew 5.8% QoQ to Rs 498 crore compared to Rs 470.5 crore posted in the previous quarter. Its margin remained almost flat and stood at 15.2% in Q4FY22 against 15.1% posted in Q3FY22. Besides, the board has recommended a dividend of Rs 46 per share. In a statement, the company has said that it will continue to stay optimistic about the current demand environment, while we are keeping an eye on macro and geopolitical headwinds.

Huhtamaki India Ltd: Up 5.19%. The packaging machinery manufacturing company has reported a 51.9% YoY rise in the consolidated profit at Rs 24.6 crore for the quarter ended March 31, 2022, compared to Rs 16.2 crore posted in the corresponding quarter last year. Its revenue from operations grew 15.2% YoY to Rs 728.5 crore compared to Rs 632.3 crore posted last year. EBITDA grew 19.9% YoY to Rs 50.7 crore compared to Rs 42.3 crore posted last year. Margin stood at 7% in Q4FY22 from 6.7% posted in Q4FY21. Besides, the company's board gave their in-principle approval for monetizing the Company's leasehold land and building situated at Chikhloli MIDC, Ambernath, Maharashtra.

Indo Rama Synthetics: Up 5.37%. The company has reported a 16.8% YoY decline in the consolidated profit at Rs 107.1 crore for the quarter ended March 31, 2022, compared to Rs 128.7 crore posted in the corresponding quarter last year. Revenue from operations grew 51% to Rs 1,251.7 crore compared to Rs 828.4 crore posted last year. EBITDA grew 28.7% YoY to Rs 130 crore compared to Rs 101.1 crore posted last year. Margin declined to 10.4% in Q4FY22 from 12.2% posted in Q4FY21.

Ambuja Cements: Down 1%. The cement maker has reported a 25.5% YoY decline in the standalone profit at Rs 495.2 crore for the quarter ended March 31, 2022, compared to Rs 664.6 crore posted in the corresponding quarter last year. Revenue from operations grew 8.4% YoY to Rs 3,925.2 crore in the reported quarter compared to Rs 3,621 crore posted last year. EBITDA fell 19.1% YoY to Rs 790.4 crore compared to Rs 976.8 crore posted last year. Margin dropped to 20.1% in Q4FY22 against 27% posted in Q4FY21. EBITDA/ton declined 22% YoY to Rs 1,053 against Rs 1,350. Realisation/Ton grew 5.9% YoY to Rs 5233.6 compared to Rs 4943. Volume(Mn ton) grew 3.6% marginally to 7.5 against 7.24. The board has approved the appointment of Mr Arun Kumar Anand as Non-Executive Non-Independent Nominee Director representing LIC. It also appointed Mr Mario Gross as Non-Executive Non-Independent Nominee Director representing Holcim.

Biocon: Down 1.38%. The biopharmaceutical company has reported a 4.2% YoY decline in the consolidated profit at Rs 283.9 crore for the quarter ended March 31, 2022, compared to Rs 296.4 crore posted in the corresponding quarter last year. Its revenue from operations grew 30.8% YoY to Rs 2,408.8 crore compared to Rs 1,842.1 crore posted last year. EBITDA grew 35.9% YoY to Rs 591.9 crore compared to Rs 435.7 crore posted last year. Its margin grew to 24.6% in Q4FY22 compared to Rs 23.7% posted in Q4FY21.

Fineotex Chemical Ltd: Down 4.57%. The chemical company has reported a 47.3% YoY rise in the consolidated profit at Rs 16.5 crore for the quarter ended March 31, 2022, compared to Rs 11.2 crore posted in the corresponding quarter last year. Its revenue from operations grew 61.9% YoY to Rs 121.4 crore compared to Rs 75 crore posted last year. EBITDA grew 66.7% YoY to Rs 21.5 crore compared to Rs 12.9 crore posted last year. The margin grew marginally to 17.7% in Q4FY22 from 17.2% posted in Q4FY21. The board has declared a dividend of 0.40 paise per share.

IIFL Finance Ltd: Down 2.06%. The financial services company has reported a 29.6% YoY rise in the consolidated profits at Rs 320.9 crore for the quarter ended March 31, 2022, compared to Rs 247.6 crore posted in the corresponding quarter last year. Revenue from operations grew 16.1% YoY to RTs 1,856.2 crore from Rs 1,598.5 crore posted last year. Net interest income grew 10.2% YoY to Rs 868.2 crore compared to Rs 788.2 crore posted last year.

PNB Housing Finance: Down 1.16%. The housing finance company has reported a 33.5% YoY rise in the consolidated profit at Rs 169.5 crore for the quarter ended March 31, 2022, compared to Rs 127 crore posted in the corresponding quarter last year. Its revenue from operations fell 22.2% to Rs 1,425.4 crore compared to Rs 1,831.7 crore posted last year. Net interest income fell 28.8% YoY to Rs 369.3 crore compared to Rs 518.8 crore posted last year.

Shoppers Stop Ltd: Down 6.79%. Department store company has reported a consolidated loss of Rs 15.9 crore for the quarter ended March 31, 2022, compared to a loss of Rs 24.1 crore posted in the corresponding quarter last year. Its revenue from operations grew 4.8% YoY to Rs 713.3 crore compared to Rs 680.5 crore posted last year. EBITDA fell 19.7% YoY to Rs 76.2 crore in the reported quarter compared to Rs 680.5 crore posted last year. Margin fell to 10.7% in Q4FY22 from 14% posted in Q4FY21. The company in a statement said that we believe that the robustness in the consumer demand has offset rising costs, driving the margins higher. We expect to grow in line with the retail industry at a double-digit pace, this fiscal.