Indian stock markets started the week on a weaker note and benchmarks, BSE Sensex and Nifty 50, were trading in red in the noon deals of Monday, April 11, 2022, tracking weakness across other Asian markets. At 1:07 pm, the S&P BSE Sensex was trading at a loss of 250.95 points or 0.42% at 59,196.23. The Nifty 50 index was 48.15 points or 0.27% down at 17,736.20. 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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  • Godfrey Phillips India: Up 12.62%.
  • Syngene International: Up 3.93%.
  • Redington: Up 5.34%.
  • Sheela Foam: Up 3.43%.
  • Bajaj Electricals: Up 4.09%.
  • IIFL Finance: Up 3.05%.
  • Angel One: Up 3.25%.
  • Allcargo Solutions: Up 3.07%.
  • Oberoi Realty: Up 3.75%.
  • Whirlpool: Up 2.12%.
  • Fortis Health: Up 2.85%.
  • Jindal Poly: Up 2.45%.
  • Uflex: Up 2.85%.
  • Polyplex Corp: Up 2.44%.
  • Taj GVK: Up 2.26%.
  • Linde India: Up 2.39%.
  • PG Foils: Up 2.85%.
  • Ashok Leyland: Up 1.59%.
  • Aptus Value: UP 2.94%.
  • Poonawalla Fincorp: Up 1.43%.
  • Home First Finance: Up 1.64%.
  • Tilaknagar Industries: Up 1.88%.
  • United Spirits: Up 1.28%.  
  • VRL Logistics: Up 4.26%.
  • Amber Enterprises: Up 1.39%.
  • Cholamandalam Investment: Up 1.19%.
  • Indiabulls Real Estate: Up 1.43%.
  • IPCA Labs: Up 1.69%.
  • ITC: 1.46%.
  • Emami: Up 1.25%.
  • IDFC First Bank: Up 1.43%.
  • RBL Bank: Up 1.83%.
  • Syngene: Up 3.96%.
  • Apollo Hospitals: Up 1.31%.
  • Defence Sector Stocks: On a move. Stocks like Bharat Dynamics - up 5.19%; HAL - up 3.81%; BEL - up 1.71%; Astra Microwave - up 1.60% and Walchandnagar Industries - up 1.56% were trading at record highs.
  • Metal Stocks: On a move. Stocks like APL Apollo - down 3.51%; Jindal Steel - down 1.70%; Hindustan Zinc - down 1.62%; Hindustan Copper - down 1.47% and Vedanta - up 1.13% were trading with decent gains.
  • Oil & Gas Stocks: On a move. Stocks like Hindustan Petroleum - up 2.23%; Gujarat Gas - up 1.74%; IOC - up 1.61%; and GAIL - up 1.39% were trading with decent gains.
  • Agri Stocks: On a move. Stocks like Aries Agro - up 2.76%; Shakti Pumps - up 2.67%; Avanti Feeds - up 1.25% and Rallis India - up 1.03% were trading with decent gains.
  • Auto Ancillary Stocks: On a move. Stocks like LG Balakrishnan - up 3.70%; Kinetic Engineering - up 3.70%; Lumax Autotech - up 3%; Bharat Gears - up 2.74%; India Nippon Electricals - up 2.63%; Minda Corp - up 3.14%; Craftsman Automation - up 2.85% and Timken India - up 2.13% were trading with decent gains.
  • Cement Sector Stocks: On a move. Stocks like Anjani Portland Cement - up 5.50%; Ambuja Cement - up 7.48%; Grasim - up 2.25%; Heidelberg Cement India - up 2.63% and JK Lakshmi Cement - up 3.37% were trading with decent gains.
  • Chemical Stocks: On a move. Stocks like Clariant Chemicals - up 5.73%; IG Petrochemicals - up 4.15%; PCBL - up 2.67%; Chembond Chemicals - up 2.71%; Rossari Biotech - up 3.13%; Punjab Alkali - up 3.99% ; India Glycol - up 3.28% and Tatva Chintan - up 2.33% were trading with decent gains.
  • Fertilizer Stocks: On a move. Stocks like Mangalore Chemicals - up 4.62%; Deepak Fertilizers - up 5%; Chambal Fertilizer - up 4.36%; GSFC - up 1.44%; RCF - up 1.39% and FACT - up 1.05% were trading with decent gains.
  • Food Processing Stocks: On a move. Stocks like LT Foods - up 7.66%; Chaman Lal Setia - up 4.83% and KRBL Ltd - up 2.15% were trading with decent gains.
  • Hosiery Stocks: On a move. Stocks like Lovable Lingerie - up 5.67%; Rupa & Company - up 5.45%; Dollar Industries - up 1.36% and Lux Industries - up 2.32% were trading with decent gains.
  • Leather Sector Stocks: On a move. Stocks like Mirza International - up 10.03%; Superhouse - up 6.15%; Liberty Shoes - up 2% and Khadim India - up 3.20% were trading with decent gains.

 

 Falling Stocks

  • Asian Granito: Down 13.72%.
  • GMDC: Down 3.78%.
  • Kalyani Forge: Down 2.32%.
  • Persistent System: Down 3.01%.
  • McDowell Holdings: Down 4.96%.
  • Som Distilleries: Down 2.09%.
  • HSIL: Down 1.89%.
  • CEAT: Down 2%.
  • Vakrangee: Down 1.41%.
  • Kajaria Ceramics: Down 1.30%.
  • Power Grid: Down 1.55%.
  • SBI Life: Down 1.54%.
  • ICICI Lombard: Down 1.33%.
  • Patel Integrated: Down 1.25%.
  • GM Breweries: Down 1.22%.
  • Godrej Agrovet: Down 1.56%.
  • Orient Hotels: Down 1.56%.
  • Kamat Hotels: Down 1.30%
  • Dixon Technologies: Down 1.51%.
  • Orient Electric: Down 1.06%.
  • Prestige Estate: Down 1.86%.
  • Phoenix Mills: Down 1.70%.
  • IT Stocks: Under pressure. Stocks like LTTS - down 3.12%; HCL Technologies - down 2.48%; Infosys - down 2.35%; LTI - down 1.98% ; Wipro - down 1.96% and Mindtree - down 1.69% were trading in the negative territory.

 

Stocks in News 

  • Ruchi Soya Industries Ltd: Up 5.50%. The Board of Directors of Ruchi Soya Industries Limited on Sunday accorded its in-principle approval for evaluating the most efficient mode of enhancing synergies with the PAL food portfolio in any manner on an arm’s length basis. Besides, the company has repaid Rs 2,925 crore loans to banks and has become a debt-free company.
  • Sugar Stocks: Renuka Sugars - up 6.23%; EID Parry - up 4.44%; Dalmia Bharat Sugar - up 3.24%; Avadh Sugar - up 3.10% and KCP Sugar - up 1.09% were trading with decent gains. Stocks of sugar companies were buzzing as Food Secretary Sudhanshu Pandey on Friday said that India’s sugar exports are expected to cross 80 lakh tonnes in the ongoing 2021-22 marketing year ending September, surpassing the previous year’s level.
  • SMS Lifesciences India Ltd: UP 12.99%. The United States Food and Drug Administration (USFDA) has completed its inspection at the company's API's manufacturing facility located at Kazipally, Telangana (Unit I), without any observations. The inspection commenced on April 4, 2022, and concluded on April 8, 2022.
  • RITES: Up 2.65%. The leading Transport Infrastructure Consultancy and Engineering company has entered into a Memorandum of Understanding (MoU) with the Indian Institute of Technology, Delhi, (IIT-Delhi), to explore avenues of mutual collaboration on road design and road safety consultancy projects.
  • Sandur Manganese & Iron Ores Ltd: Up 20%. The Board of Directors of the company on Sunday approved the issuance of equity shares of 1.80 crore shares of Rs 10 each of the Company on a rights basis to eligible equity shareholders of the Company as on the record date (to be notified later). The company has plans to raise up to Rs 18 crore from this rights issue. Rights Entitlement ratio: 2 new equity shares for every 1 equity share held by eligible shareholders as on the record date. The company has also signed a Power Purchase Agreement and Share Subscription and Share Holding Agreement with Renew Green Energy Solutions Private Limited (‘ReNew’) for the supply of solar and wind power to the Company and its associates, as per the terms and conditions as laid down under the respective Agreements and as may be mutually agreed by both the parties and approved the investment to be made in equity shares in the SPV Company. In addition, the board has also approved the proposal of incorporation of a wholly-owned subsidiary company under the name and style of “Sandur Pellets Private Limited” subject to necessary approvals. Dolly Khanna bought a 1.53% stake in Q4FY22.
  • Vodafone Idea: Down 1.34%. The telecom company, reportedly, is in talks with PE company Apollo Global to raise as much as $1 billion by selling a mix of debt and equity.
  • Tata Power: UP 2.46%. Saudi Arabia’s Public Investment Fund (PIF), reportedly, may buy stakes in the company's power transmission and distribution business
  • Time Technoplast Ltd: Up 4.33%. The Board of Directors of the company has approved the restructuring of overseas business to capture the growth in Asian Countries, the Middle East and the USA through a Joint Venture/Special Purpose Vehicle by onboarding strategic partner/investor partner by way of sale/transfer/disposal of part of assets/investments of subsidiaries/material subsidiaries/step down subsidiaries. Besides, the board also approved the appointment of Bharat Kumar Vageria as a Managing Director and Vishal Anil Jain as a Non-Executive Director.