Greaves Cotton, AU Small Finance Bank to Panama Petrochem - here are the top Buzzing Stocks today
Equity benchmarks, Nifty and Sensex, were trading with modest gains of around half a per cent in the early noon deals on Wednesday, January 5, 2022.
Equity benchmarks, Nifty and Sensex, were trading with modest gains of around half a per cent in the early noon deals on Wednesday, January 5, 2022. At 12:46 pm, the S&P BSE was trading with a gain of 286.91 points, or 0.48%, at 60,142.84. The Nifty 50 index was 86.20 points, or 0.48%, up and was trading at 17,891.45. 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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Buzzing Stocks
Greaves Cotton: Up 9.65%.
DB Realty: Up 4.97%.
MSTC: Up 5.77%.
Poly Medicure: Up 2.06%.
CAMS: Up 4.77%.
Amber Enterprises: Up 3.15%.
Bharat Rasayan: Up 6.04%.
Supreme Petrochem: 3.95%.
Radico Khaitan: Up 3.57%.
Blue Dart: Up 2.62%.
eCLerx: Up 2.07%.
Hikal: Up 5.12%.
APL Apollo: Up 1.55%.
Tata Steel: Up 1.70%.
Linde India: Up 2.87%.
Cement Stocks: On a move. Stocks like KCP Ltd. - up 1.26%; India Cements - up 2.92%; Anjani Portland Cement - up 2.83%; Ramco Cement – up 1.37% were trading with gains.
Fertiliser Stocks: ON a move. Stocks like National Fertilizers – up 5.37%; Rashtriya Chemical – up 2.82%; Chambal Fertilisers – up 6.74%; Madras Fertilizers – up 6.12%; Zuari Agro – up 4.35%; RCF – up 2.76% among others were trading with gains except Nagarjuna Fertilizers trading 2.09% down.
Stocks at Life Highs
Gujarat Fluorochemicals: Up 4.83%. Meanwhile, the stock touched a life high of Rs 2,379 per share earlier in the intraday trade today.
Pidilite: Up 1.86%. Meanwhile, the stock touched a life high of Rs 2,662 per share earlier in the intraday trade today.
Top F&O Gainers
AU Small Finance Bank: Up 7.95%.
Chambal Fertilisers: Up 6.74%.
Syngene International: Up 3.97%.
Hindustan Petroleum: Up 3.76%.
Laurus Labs: Up 4.23%.
IOC: Up 2.46%.
Bajaj Finance: Up 4.11%.
Bajaj Finserv: Up 5.05%.
Jindal Steel: Up 3.59%.
Dalmia Bharat: Up 2.59%.
Falling Stocks
Zomato: Down 2.53%.
Fortis Healthcare: Down 3.06%.
IT Stocks: Under Pressure. Stocks like Coforge – down 3.17%; Tech Mahindra – down 2.91%; Mphasis – down 2.50%; Infosys – down 2.55% and Mindtree – down 2.09% among others were trading in negative territory.
Top F&O Losers:
IRCTC: Down 1%.
Piramal Enterprises: Down 1.36%.
Mphasis: Down 2.50%.
IndiGo: Down 2.35%.
Tech Mahindra: Down 2.91%.
HCL Technologies: Down 1.33%.
Mindtree: Down 2.09%.
L&T Technologies: Down 1.04%.
Business Updates: Bandhan Bank + AU Small Finance Bank + Bajaj Finance
AU Small Finance Bank: Up 7.95%. The largest small finance bank in the country has released its Q3FY22 business updates and reported that its total deposit has increased by 49% YoY and 13.43% QoQ in the reported quarter at Rs 44,278 crore. Gross advances grew 33% to Rs 40,723 crore against Rs 30,523 crore. Current account and saving account (CASA) deposits stood at 39% YoY compared to 22% reported in Q3FY20. Sequentially, the CASA ratio stood at 30% in Q2FY22. The banks AUM grew 26.5% YoY and 10.6% QoQ at Rs 42,027 crore. Disbursements grew by 34.65% YoY and 57.9% QoQ to Rs 8,779 crore. The disbursements to AUM ratio stand at 45.75% against 26.8%QOQ. Its collection efficiency stood at 107% in Q3FY22. The company says that there were no COVID related restrictions during the quarter.
Bajaj Finance: Up 4.11%. The financial services company on Tuesday in its business update for the quarter ended December 31, 2021, said that its Assets under management (AUM) stood at approximately Rs 1,81,300 crore in Q3FY22, up 26.3% YoY and 8.63% QoQ. New loans booked during Q3FY22 were 74 lakhs up 23.33% YoY and 17.46% QoQ. Customer franchise as of December 31, 2021, stood at 5.54 crore, up 19.65% YoY and 4.92% QoQ. The Company’s deposit book stood at approximately Rs 30,000 crore as of December 31, 2021, up 26.2% YoY and 4.5% QoQ. Calculated Average ticket size stood at Rs32725.6, up 5.55%YOY & 3.53% QOQ. The Company continues to remain well-capitalized with a capital adequacy ratio (CRAR) of approximately 27.0% YoY and 27.7% QoQ.
Bandhan Bank: Up 0.61%. The private sector lender on Tuesday said that it has achieved 11% YoY and 9% QoQ growth in the loan and advances for the quarter ended December 31, 2021. The loans and advances stood at Rs 89,213 crore. The lenders total deposits grew by 19% YoY and 3% QoQ to Rs 84,500 crore. Current account and saving account (CASA) deposits grew 26% YoY and 5% QoQ to Rs 38,528 crore as of December 31, 2021. The share of retail to total deposits stood at 84 per cent, up from 81 per cent during the same period last year. Collection efficiency for December month was 93%.
Stocks in News
Panama Petrochem: Up 16.31%. Ramesh Damani buys a 1.26% stake in the company in the third quarter (Q3FY22).
State Bank of India: Up 1.37%. The public lender has invested $2 crore in Merchant Commerce Platform Pine Labs. Besides, India's largest lender has increased the limit for money transactions via Immediate Payment Service (IMPS) from Rs 2 lakh to Rs 5 lakh. There will be no charge for transacting through digital channels. The bank says that its service charge will not be slapped on
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