Indian stock markets recovered from the day's low and were trading on a flat note but in the positive territory in the early noon deals of Monday, March 28, 2022. At 12:50 pm, the S&P BSE Sensex was trading 39.10 points or 0.07% higher from the previous close at 57,401.30. The Nifty 50 index was 8 points or 0.05% up at 17,161.00. 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

  • Gujarat Alkalies: Up 12.51%.
  • Thomas Cook (India): Up 5.50%.
  • JK Tyre: Up 5.48%.
  • Walchandnagar Industries: up 5.54%.
  • Tata Elxsi: Up 6.60%.
  • Aster DM Health: Up 6.77%.
  • Polyplex Corp: Up 4.21%.
  • Som Distilleries: Up 4.27%.
  • Schneider Electric: Up 5.35%.
  • Globus Spirit: Up 5.14%.
  • Tube Investments: Up 4.41%.
  • Vadilal Industries: Up 2.41%.
  • Cosmo Films: Up 1.36%.
  • Bajaj Auto: Up 1.21%.
  • Quess Corp: Up 1.59%.
  • Sanofi India: Up 1.31%.
  • Hotel Stocks: On a move. Stocks like Royal Orchid - up 9.97%; Lemon Tree Hotels - up 9.93%; EIH Associated - up 7.87%; EIH - up 6.51%; Taj GVK - up 5.86%; Oriental Hotels - up 3.79% and Indian Hotels - up 1.91% were trading with decent gains.
  • Metal Stocks: On a move. Stocks like APL Apollo - up 2.20%; Coal India - up 1.99%; Hindalco - up 1.60%; Ratnamani - up 1.34% and NMDC - up 1.02% were trading with decent gains.
  • Chemical Stocks: On a move. Stocks like GFL Limited - up 15.65%; Foseco India - up 11.81%; Supreme Petrochem - up 6.86%; Kanoria Chemicals - up 4.99% and Paushak Limited - up 3.32% were trading with decent gains.
  • Fertilizer Stocks: On a move. Stocks like Chambal Fertilizer - up 1.96%; GSFC - up 3.81%; GNFC - up 3.85%; FACT - up 1.48% and Mangalore Chemicals - up 1.38% were trading with decent gains.

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Falling Stocks

  • SBI Life: Down 3.12%.
  • HDFC: Down 2.49%.
  • HDFC Life: Down 2.03%.
  • Adani Ports: Down 1.73%.
  • UPL Ltd: Down 2.17%.
  • Rallis India: Down 1.98%.
  • Bharat Rasayan: Down 1.51%.
  • PI Industries: Down 2.04%
  • Jindal Saw: Down 3.25%.
  • Tata Metaliks: Down 2.48%.
  • Jindal Steel: Down 2.08%.
  • Welspun Corp: Down 1.60%.
  • Hindustan Copper: Down 1.38%.
  • Tide Water Oil: Down 2.66%.
  • Barbeque Nation: Down 2.72%.
  • Banking Stocks: Under Pressure. Stocks like IDFC First Bank - down 3.89%; RBL Bank - down 2.62%; HDFC Bank - down 1.37%; PNB - down 1.27% and Kotak Bank - down 1.13% were trading in the negative territory.
  • Auto Stocks: Under Pressure. Stocks like M&M - down 1.67%; Ashok Leyland - down 1.45%; Tata Motors - down 1.17% and Hero MotoCorp - down 1.03% were trading in the negative territory.
  • FMCG Stocks: Under Pressure. Stocks like Varun Beverages - down 2.87%; Radico Khaitan - down 2.50%; P&G Hygiene - down 2.24%; Nestle India - down 2.13%; Marico - dow, 1.98%; UBL - down 1.71% and Dabur - down 1.26% were trading in the negative territory.
  • IT Stocks: Under Pressure. Stocks like LTI - down 2.25%; Mindtree - down 2.10%; Coforge - down 1.88%; HCL Technologies - down 1.47% and TCS - down 0.99% were trading in the negative territory.
  • Pharma Stocks: Under Pressure. Stocks like Dr Reddy's - down 2.67%; Biocon - down 2,58%; Pfizer - down 1.98%; Glenmark - down 1.72% and Zydus Life - down 1.70% were trading in the negative territory. The government has approved a 10% hike on price-controlled drugs effective from April 2022. With this approval, the prices of over 850 formulations across are expected to go up by at least 10%.
  • Realty Stocks: Under Pressure. Stocks like Indiabulls Real Estate - down 3.67%; DLF - down 2.14%; Godrej Properties - down 1.31% and Brigade Enterprises - down 1.03% were trading in the negative territory.
  • Consumer Durables Stocks: Under Pressure. Stocks like Rajesh Exports - down 3.26%; TTK Prestige - down 2.98%; Kajaria Ceramics - down 2.72%; Dixon Technologies - down 2.64%; Relaxo - down 2.46%; Havells - down 2.44% and Amber Enterprises - down 2.30% were trading in the negative territory.
  • Paper Stocks: Under Pressure. Stocks like Malu Paper - down 2.96%; Andhra Paper - down 2.84%; Pudumjee Paper - down 1.53%; West Coast Paper - down 1.29% and Tamilnadu Newsprint - down 1.04% were trading in the negative territory.
  • Paint Stocks: Under Pressure. Stocks like Asian Paints - down 1.28%; Shalimar Paints - down 3.80%; Berger Paints - down 2.31%; Kansai Nerolac - down 1.93% and Akzo Nobel - down 1.74% were trading in the negative territory.
  • Offshore Drilling Stocks: Under Pressure. Stocks like United Drilling - down 3.57%; Jindal Drilling - down 2.32%; Aban Offshore - down 1.85% and HOEC - down 1.90% were trading in the negative territory.
  • Oil & Gas Stocks: Under Pressure. Stocks like Gujarat Gas - down 2.36%; GSPL - down 2.08%; Petronet - down 1.74%; IGL - down 1.58% and Hindustan Petroleum - down 1.51% were trading in the negative territory.

IPO & FPO Update

  • Uma Exports IPO: The Rs 60 crore initial public offering (IPO) of the company was subscribed 1.23 times by 12:44 pm on Monday, the first day for bidding. The Non-Institutional Investors (NIIs) portion was subscribed 0.07 times while Retail Individual Investors (RIIs) was subscribed 1.75 times. However, the subscription for Qualified Institutional Buyers (QIBs) was not started till the report was filed. The public offer will close on March 30, 2022. Uma Exports Ltd has set the price band for its public issue at Rs 65-68 a share. The company will utilise Rs 50 crore out of this to fund its working capital requirements. The market lot size is 200 shares. 
  • Ruchi Soya FPO Update: Patanjali-backed FMCG company Ruchi Soya Industries follow-on public offering (FPO) worth up to Rs 4,300 crore, was subscribed 1.67 times by 12:41 pm today, the third and last day for bidding. The portion set aside for Retail Individual Investors (RIIs) was subscribed 0.61 times. The Qualified Institutional Buyers (QIBs) and Non-Institutional Investors portions were subscribed 0.92 times and 5.14 times. It has fixed a price band of Rs 615-650 for this FPO.

Stocks in News

  • PVR (up 4.25%) + Inox (up 12.16%): The Board of Directors of PVR Limited (PVR) and the Board of Directors of INOX Leisure Limited (INOX), at their respective meetings held on Sunday, have approved an all-stock amalgamation of INOX with PVR. The amalgamation is subject to the approval of the shareholders of PVR and INOX respectively, stock exchanges, SEBI and such other regulatory approvals as may be required. Ajay Bijli to be appointed as the Managing Director of the merged entity and Pavan Kumar Jain to be the Non-Executive Chairman of the Board. INOX shareholders will receive 3 shares in PVR for 10 shares of INOX. Besides, PVR has on Friday opened a five-screen multiplex, PVR Atrium in Hyderabad. With this, the company has unveiled its 11th property in Hyderabad and crossed 300 screens in South India. 
  • Bharti Airtel (up 1.02%) / Indus Tower (up 3.59%): Bharti Airtel will acquire Vodafone's 4.7% stake in Indus Towers for Rs 2,388 crore. The transaction will be executed at Rs 187 per share basis. Besides, Bharti Airtel to acquire a 7.036% stake in Avaada KNShorapur Private Limited. 
  • GAIL: Up 2.84%. The Board of Directors of the Company will meet on Thursday, March 31, 2022, to consider Buy-Back of the fully paid-up equity shares of the Company. Besides, Gazprom, reportedly, has asked India's largest gas transmitter GAIL (India) GAIL to pay for gas imports in Euros instead of dollars. 
  • Sagar Cement: Up 1.51%. The cement maker will issue 1.32 crore equity shares at Rs 265 each on a preferential basis to PI Opportunities Fund ("PIOF"), an affiliate of Premji Invest. Sagar Cements will raise over Rs 350 crore from the preferential issue. Post the investment, PIOF will own 10.10% of Sagar Cements and will have a nominee on the board. Promoters' ownership in the company, after the allotment, will be at 45.20% (from 50.28%).