The domestic equity barometers were trading at the day's high in the noon deals of Thursday, March 17, 2022. At 12:51 pm, the S&P BSE Sensex was trading 1169.1 points or 2.06% higher at 57,985.75. The Nifty 50 index was 341.95 or 2.01% up and trading at 17,317.30. 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

  • IFB Industries: Up 13.25%.
  • Greaves Cotton: Up 9.17%.
  • Maan Aluminium: Up 4.95%.
  • Jindal Saw: Up 6.76%.
  • ITI Ltd.: Up 7.04%.
  • Ge T&D India: Up 5.70%.
  • Solar Industries: Up 6.69%.
  • Amber Enterprises: Up 3.90%.
  • SBI Life: Up 3.06%.  
  • Century Ply: Up 3.91%.
  • Bharti Airtel: Up 2.14%.
  • Trent: Up 8.39%. Meanwhile, the stock touched the life high of Rs 1,284 per share earlier in the intraday trade today.
  • Polyplex: Up 4.37%. Meanwhile, the stock touched the life high of Rs 2,164.30 per share earlier in the intraday trade today.
  • Bharat Dynamics: Up 2.22%. Meanwhile, the stock touched the life high of Rs 578 per share earlier in the intraday trade today.
  • Tata Group Stocks: On a move. Stocks like Tata Consumer Products - up 2.57%; Titan - up 4.53%; Tata Motors - up 1.87%; Tata Motors DVR - up 1.02%; Tata Steel - up 2.89%; TCS - up 0.92%; Tata Power - up 1% and Trent - up 8.39% were trading with decent gains.
  • Bajaj Group Stocks: On a move. Stocks like Bajaj Electricals - up 2.67%; Bajaj Auto - up 2.14%; Bajaj Finserv - 1.92% and Bajaj Finance - up 1.95% were trading with decent gains.
  • Consumer Durables Stocks: On a move. Stocks like Voltas - up 2.65%; Whirlpool - up 5%; Titan - up 4.53%; TTK Prestige - UP 4.26%; Kajaria Ceramics - up 3.67% and Havells India - up 3.18%were trading with decent gains.
  • Retail Stocks: On a move. Stocks like Trent - up 8.39%; Shoppers Stop - up 4.64%; Spencer Retail - up 5.59% and AB Fashion - up 2.91% were trading with decent gains.
  • Liquor Stocks: On a move. Stocks like Radico Khaitan - up 6.98% Som Distilleries - up 4.01%; Tilaknagar Industries - up 4.22%; GM Breweries - up 3.56% and United Spirits - up 3.28% were trading with decent gains.
  • Banking Stocks: On a move. Stocks like Kotak Bank - up 3.63%; HDFC Bank - up 2.72%; Axis Bank - up 2.39%; RBL Bank - up 3%; ICICI Bank - up 1.60%; SBI Bank - up 1.83% and Bandhan Bank - up 1.61% were trading with decent gains.
  • Financial Services Stocks: On a move. Stocks like HDFC - up 4.66%; Piramal Enterprises - up 3.26%; ICICI Prudential - up 2.96%; SBI Life - up 2.54%; M&M Financial - up 2.42%; Power Finance Corporation - up 2.31%; Bajaj Finserv - 1.92% and Bajaj Finance - up 1.95% were trading with decent gains.
  • Auto Stocks: On a move. Stocks like Eicher Motor - up 3.90%; Maruti - up 2.77%; Bajaj Auto - up2.14%; Tata Motors - up 1.87%; Hero MotoCorp - up 1.71%; M&M - up 1.65% and TVS Motor - up 1.24% were trading with decent gains.
  • Auto Ancillary Stocks: On a move. Stocks like Auto Axle - up^7.09%; MM Forgings - up 14.05%; Timken India - up 6.05%; Swaraj Engine - up 7.04%; LG Balakrishnan - up 4.31%; Motherson Sumi - up 3.71%; and NRB Bearings - up 4.17% were trading with decent gains.
  • Agri Stocks: On a move. Stocks like Kaveri Seeds - up 5.63%; Jain Irrigation - up 5.16%; Shakti Pumps - up 3.05% and Rallis India - up 1.19% were trading with decent gains.
  • FMCG Stocks: On a move. Stocks like Radico Khaitan - up 7.25%; United Spirits - up 3%; Tata Consumer - up 2.57%; Emami - up 1.40% and Godrej Consumer - up 1.39% were trading with decent gains.
  • IT Stocks: On a move. Stocks like Mindtree - up 2.64%; Wipro - up 1.81%; LTI - up 1.61% and TCS - up 0.92% were trading with decent gains.
  • Metal Stocks: On a move. Stocks like JSW Steel - up 5.29%; Jindal Steel - up 4.04%; Tata Steel - up 2.89%; SAIL - up 1.85% and Welspun Corp - up 1.60% were trading with decent gains.
  • Pharma Stocks: On a move. Stocks like Strides Pharma - up 2.79%; IPCA Labs - up 2.03%; Lupin - up 2.01%; Dr Reddy's - up 1.81%; Aurobindo Pharma - up 1.43% and Torrent Pharma - up 1.41% were trading with decent gains.
  • Oil & Gas Stocks: On a move. Stocks like BPCL - up 1.66%; Reliance Industries - up 1.54%; Hindustan Petroleum - up 1.28% and IGL - up 1.04% were trading with gains.

Falling Stocks

  • GE Shipping: Down 5.61%.
  • NALCO: Down 1.92%.
  • Forbes & Co.: Down 3.39%.
  • New India Assurance: Down 2.20%.
  • Omaxe Ltd.: Down 1.94%.
  • Vardhman Textiles: Down 1.76%.
  • Kernex Microsystems: Down 4.18%.
  • Sequent Scientific: Down 2.19%.
  • Educomp: Down 2%.
  • Gujarat Ambuja Exports: Down 2.88%.
  • Tube Invest: Down 1.18%.
  • Teamlease Services: Down 1.67%.
  • Shalimar Paints: Down 1.88%.
  • Restaurant Brands Asia: Down 1.27%.
  • Stylam Industries: Down 1.65%.
  • Jindal Poly: Down 1.06%. Meanwhile, the stock touched the life high of Rs 1,449 per share earlier in the intraday trade today.
  • Paper Stocks: Under Pressure. Stocks like Star Paper - down 3.93%; Pudumjee Paper - down 2.84%; Tamilnadu Newsprint - down 2.40%; Andhra Paper - down 1.49%; and Malu Paper - down 1.42% were trading in negative territory.

Stocks in News

  • Godrej Properties: Up 4.30%. Achieves sales of Rs 1,650 crore within a year of the launch of its project Godrej Woods in Noida.
  • Oil India: Down 2.20%. The Board of Oil India on Wednesday approved investment in its subsidiary company - Numaligarh Refinery for implementation of the petrochemical project, i.e., polypropylene unit and its associated facilities at Numaligarh at an estimated capital cost of Rs 6555 crore. The Board also approved the formation of a joint venture company between Assam Gas and Oil India for the three geographical areas offered by the Petroleum and Natural Gas Regulatory Board under the 11th round of city gas distribution bidding.
  • Voltas Limited: Up 2.65%. The Board of Voltas has approved a proposal to enter into a Joint Venture arrangement with Highly International (Hong Kong) Limited, a wholly-owned subsidiary of Shanghai Highly (Group) Company Limited to engage in the business of design, development, manufacture, marketing, sale and service of inverter compressors for room air-conditioners, motors for inverter compressors, and their associated parts including sourcing of raw materials & components required for manufacturing these products, on such terms and conditions as may be mutually agreed between the parties. Voltas will hold 40% stakes in the JV. 
  • Mahindra & Mahindra Ltd: Up 2.05%. The company has on Wednesday signed a share purchase agreement and a share subscription and shareholders agreement with Carnot Technologies Private Limited (“Carnot”), an associate of the Company. Pursuant to the secondary purchase and primary infusion the company will acquire 7,423 equity shares from its existing shareholders and also subscribe to 1,613 Series C Compulsory Convertible Cumulative Participating Preference Shares (Series C CCCPS), respectively of Carnot with an investment of around Rs 14 crore. Upon completion of these transactions, the shareholding of the Company in Carnot will increase from 15.60% of the equity share capital to approximately 52.69% of the equity share capital of Carnot and it will become a Subsidiary of the Company.
  • Jindal Stainless (up 3.84%) / Jindal Stainless (Hisar) (up 2.5%%) / Tata Steel (up 3.98%) / JSW Steel (up 5.66%): EU hikes duty on steel coming from India and Indonesia. Duty on cold-rolled steel increased from 10% to 14.3%. 
  • ADF Foods Ltd.: Up 1.51%. The company on Wednesday said certain promoter and non-promoter warrant holders have exercised their rights for the conversion of 9,43,500 Warrants out of 19,50,000 Warrants into an equivalent number of Equity Shares. Consequently, the Board of Directors of the Company at its Meeting held on Wednesday allotted 9,43,500 Equity Shares at an issue price of Rs 362 per share. The aggregate subscription money received by the Company in respect of the said shares is Rs 3415.47 lakhs. With this, the promoter and promoter Group holding will increase from 31.42% to 33.58%
  • NXT Digital (up 10.56%): The board of directors of NxtDigital Ltd (NDL) has accorded in-principle approval for the merger of Hinduja Leyland Finance Ltd (HLFL), a non-banking finance company into NDL, subject to all statutory or regulatory approvals and approval of the shareholders. The proposed acquisition will result in the merged entity having assets aggregating above Rs 29,000 crore.
  • Jindal Poly: Down 1.50%. The Board of Directors of the company has approved the transfer of the Packaging Films Business Undertaking by the Company to JPFL Films Private Limited (JPFL Films). The Company has entered into a share subscription and purchase agreement (SSPA) and shareholders' agreement (SHA) with Private Holdings Fourteen (DIFC) Limited, a special purpose vehicle of Special Investment Fund of Brookfield (Brookfield SPV) and JPFL Films, in connection with, inter alia, investment by Brookfield SPV in JPFL Films of Rs 2,000 crore for the acquisition of non-controlling minority stake in JPFL Films, which is subject to the approval of the members of the Company by way of an ordinary resolution through Postal Ballot. Board has approved the sale of partial holding of Preference Shares held in Jindal India Powertech Limited for a total consideration of Rs. 105 crore. 
  • Coastal Corporation Ltd: Up 6.64%. The Board of Directors of the Company is scheduled to meet on Tuesday, March 29, 2022, to consider a proposal to issue equity shares to the existing shareholders on the right basis. 
  • IGL: Up 1.18%. Indraprastha Gas Limited (IGL) and Kinetic Green have entered into a strategic agreement for Battery Swapping Technology. They have also launched a battery-swapping station, Energy Cafe, in New Delhi. 
  • Jindal Photo: Up 4.01%. The delisting offer will be open from March 17 to March 24. Price fixed at 268/share. 
  • SAIL: Up 1.85%. The board of Steel Authority of India Ltd (SAIL) on Wednesday approved Rs 2.50 per share as the second interim dividend for FY22. 
  • BEML: Up 1.33%. The Board of Directors of BEML Limited will meet on Tuesday, March 22, 2022, to consider the Interim Dividend for FY 2021-22 on equity shares if any.