Indian stock markets were trading with gains of more than one and a half per cent in the noon deals of Monday, April 4, 2022. S&P BSE Sensex was trading with a gain of 1,055.40 points or 1.78% at 60,332.09 while the Nifty 50 index was 293.95 points or 1.66% up at 17,964.40. 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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HDFC Bank (up 8.33%) + HDFC (up 8.02%): 

 

HDFC Bank on Monday said that its board has approved the amalgamation of HDFC Investments and HDFC Holdings with HDFC and that of HDFC into HDFC Bank. As part of the merger between HDFC and HDFC Bank, 42 shares of HDFC Bank would be given for every 25 shares of HDFC. Post the merger, HDFC Bank will be 100% owned by public shareholders and existing shareholders of HDFC will own 41% of HDFC Bank.

 

Banking and Financial Stocks and Associated stocks: Were also running on the news of the merger of HDFC with HDFC Bank.

 

  • Banking Stocks: On a move. Stocks like HDFC Bank - up 8.33%; IDFC First bank - up 4.92%; PNB - up 1.65%; Kotak Bank - up 1.47%; AU Small Finance Bank - up 1.01%; and ICICI Bank - up 0.92% were trading with decent gains.
  • Financial Services Stocks: On a move. Stocks like HDFC - up 8.02%; HDFC Life - up 3.63%; HDFC AMC - up 2.88%; REC Ltd - up 2.44% and PFC - up 2.11% were trading with decent gains.
  • PB Fintech: Up 5.98%.
  • IDFC Ltd.: Up 4.87%.
  • Symphony: Up 4.28%.
  • HDFC Life: Up 3.53%.
  • HDFC AMC: Up 2.79%.
  • Nippon Life: Up 2.50%.
  • Ujjivan Financial: Up 6.66%.

 

Buzzing Stocks

 

  • Godrej Agrovet: Up 9.10%.
  • Caplin Point: Up 7.07%.
  • KPR Mill: Up 5.09%.
  • Nilkamal: Up 5.52%.
  • Thermax: Up 1.22%.
  • Broking Houses Stocks: On a move. Stocks like Edelweiss - up 9.02%; Religare Enterprises - up 4.53%; JM Financial - up 3.22%; ICICI Securities - up 3.30% and IIFL Finance - up 2.25% were trading with decent gains.
  • Cement Stocks: On a move. Stocks like Sahyadri Industries - up 5.88%; Anjani Portland - up 5.33%; HIL Ltd - up 3.26%; Ramco Cement - up 1.66% and Deccan Cement - up 1.41% were trading with decent gains.
  • Chemical Stocks: On a move. Stocks like Ineos Styrolution - up 6.48%; Balaji Amines - up 6.01%; Andhra Petrochemicals - up 5%; Paushak Limited - up 3.40% and Manali Petrochemicals - up 3.26% were trading with decent gains.
  • Defence Sector Stocks: On a move. Stocks like HAL - up 2.47%; Astra Microwave - up 3.22%; Bharat Dynamics - up 2.53% and Walchandnagar Industries - up 1.53% were trading with decent gains.
  • Diagnostic Stocks: On a move. Stocks like Dr Lal Path Labs - up 4.64%; Metropolis - up 4.32%; Thyrocare - up 3.23% and Krsnaa Diagnostics - up 2.66% were trading with decent gains.
  • Auto Stocks: On a move. Stocks like Hero MotoCorp - up 3.09%; Escorts - up 1.82%; Ashok Leyland - up 1.80%; Tata Motors - up 1.56% and Tata Motors - up 1.56% were trading with decent gains.
  • FMCG Stocks: On a move. Stocks like Godrej Consumer - up 1.59%; Hindustan Unilever - up 1.47%; Marico - up 1.23%; UBL - up 1.16% and United Spirits - up 1.04% were trading with decent gains.
  • Metal Stocks: On a move. Stocks like SAIL - up 4.06%; Jindal Steel - up 2.97%; NALCO - up 2.74%; Vedanta - up 2.18%; NMDC - up 2.07%; Tata Steel - up 2.02% and Jindal Steel (Hisar) - up 1.29% were trading with decent gains.
  • Pharma Stocks: On a move. Stocks like were Natco Pharma - up 2.73%; Pfizer - up 2.59%; Zydus Life - up 2.19%; Lupin - up 2.02%; Strides Pharma - up 1.75% and Gland Pharma - up 1.53% trading with decent gains.
  • Consumer Durables Stocks: On a move. Stocks like Relaxo - up 3.79%; VGuard - up 2.05%; Crompton Greaves - up 1.69%; Whirlpool - up 1.68% and Blue Star - up 1.06% were trading with decent gains.
  • Oil & Gas Stocks: On a move. Stocks like GSPL - up 3.06%; MGL - up 2.73%; IGL - up 2.59%; Gujarat Gas - up 2.27% and Hindustan Petroleum - up 1.10% were trading with decent gains.
  • Agri Stocks: On a move. Stocks like Jain Irrigation - up 4.27%; Avanti Feeds - up 3.31%; Dhanuka Agritech - up 2.87% and Aries Agro - up 2.73% were trading with decent gains.
  • Aluminium Stocks: On a move. Stocks like Maan Aluminium - up 3.87%; NALCO - up 2.83%; Vedanta - up 4.35%%; PG Foils - up 1.32% and Hindalco - up 1.16% were trading with decent gains. The London Metal Exchange (LME) has been stopped selling Russian base metals on the exchange. It has banned the sale of aluminium from Rusal and the copper of Norilsk. Rusal is the world's second-largest aluminium producer.
  • Auto Ancillary Stocks: On a move. Stocks like Lumax Industries - up 7.44%; Swaraj Enterprises - up 3.41%; Suprajit Engineering - up 3.04%; Munjal Auto - up 3.13%; Ramkrishna Forgings - up 3.14%; Endurance Technologies - up 2.58%; and Jay Bharat Maruti - up 1.86%were trading with decent gains.

 

 IPO Update

 

  • Hariom Pipe Industries IPO: The Rs 130.05-crore initial public offering (IPO) of Hariom Pipe Industries was subscribed 2.81 times by 12:53 pm today, the fourth day of bidding. The portion set aside for qualified institutional buyers (QIBs) was subscribed 0.44 times and that of non-institutional investors was 1.68 times. The retail individual investors (RIIs) portion was subscribed 5.97 times. The issue will close on April 5, 2022. The price band for the 85 lakhs share issue has been fixed at Rs 144-153 per share. Investors can bid for a minimum of 98 shares and in multiples of 98 shares thereafter.

 

Stocks in News

 

  • TVS Motor Company: Up 1%. TVS Motor Company registers sales of 3,07,954 units in March 2022 as against sales of 3,22,643 units in March 2021. Total two-wheelers registered sales of 2,92,918 units in March 2022 as against sales of 3,07,397 units in March 2021. On a month-on-month basis, the total sales grew 9.3% to 3,07,954 units in March 2022 as against 2,81,714 units in February 2022. Two-wheelers sales grew 9.5% (MoM) to 2,92,918 units in March 2022 as against 2,67,625 units in February 2022. The shortage in supply of semiconductors has impacted the production and sales of premium two-wheelers. The company is cautiously optimistic that the supply of semiconductors will improve in the coming months.
  • Hero MotoCorp: Up 3.09%. The world’s largest manufacturer of motorcycles and scooters sold 4,50,154 units in March 2022 against 3,58,254 units sold in February 2022. The company's export grew 28.4% MoM to 34,390 units as against 26,792 units sold in February 2022. On a year-on-year basis, total sales fell from 5,76,957 units in March 2021 to 4,50,154 units. The export increased YoY from 32,617 units sold last year to 34,390 units.
  • Dhanlaxmi Bank: Up 2.39%. Private lenders' total CASA deposits aggregated to Rs 4,251 crore, up 8.78% YoY, and 6.06% QoQ. CASA ratio stood at 34.30 % v/s 33.37% YoY and 33.12% QoQ. Total Deposits grew to Rs 12,393 crore, up 5.81% YoY and 2.41% QoQ. Total Gross Advances stood at Rs 8,446 crore as of March 31, 2022, up 18.59% YoY and 11.84% QoQ. Total Business stood at Rs 20,839 crore up 7.34% YoY and 5.74% QoQ. 
  • CSB Bank: Up 1.34% The bank's Total Deposits were at Rs 20188.30 crores as of March 31, 2022, up 5.47% YoY, 5.94% QoQ. Gross Advances increased 9.10% YoY and 7.9% QoQ to Rs. 15998.02 crore as of March 31, 2022. 
  • NMDC: Up 2.07%.The country’s largest iron ore producer NMDC Ltd reported that its production stood at 4.98 MT in March 2022, up 9% YoY from 4.57 MT posted in March 2021. Sales grew by 3.2% YoY in March 2022 to 4.21 MT against 4.08 MT sold in March 2021.  
  • Bharat Dynamics: Up 2.53%. BDL recorded a turnover of Rs 2700 Crore approx. (provisional and unaudited) for the financial year ended on March 31, 2022, the corresponding figure for the previous year was Rs 1913.76 crore.
  • RCF: Up 2.27%. The Company has achieved the highest ever Industrial Products Division (IPD) Sales Turnover of approx. Rs 2,424.70 crore during the year 2021-22 as against Rs 1,133.89 crores in the previous year registering a growth of 114%.  
  • Garden Reach Shipbuilders: Up 7.67%. One of the leading warship builders in the country has recorded the highest ever turnover of Rs 1750 Crore (Provisional & Unaudited) for FY 2021-22, reflecting YoY growth of 53%. 
  • PTC India Ltd.: Up 11.26%. PTC clocked a record volume of Rs 87,450 Million Units of energy during the FY 2021-22. 
  • Tata Power (up 3.06%) + NTPC (up 1.05%) + IEX (up4.14%): Central Electricity Regulatory Commission (CERC) has capped the maximum power unit price at Rs 12 from the earlier limit of Rs 20. The commission said that buy bids on power exchanges were more than double the sell bids, indicating higher demand and lower supply.
  • IGL: Up 2.66%. Indraprastha Gas Ltd (IGL) on Friday increased domestic PNG price by Rs 5.85/SCM, up by 16.5%, to partially cover the hike in input gas cost. Earlier on March 24, 2022, the PNG price was increased by Rs 1/SCM. Meanwhile, the CNG prices in the national capital have also been hiked by 80 paise per kg. CNG Price now stands at Rs 60.81 per kg from Rs 60.01 per kg.