IEX, Fashion Textile Stocks to Tata Motors - here are top Buzzing Stocks today

Domestic equity markets were trading at record high levels in Monday's noon deals. At 12:54 pm, the S&P BSE Sensex was trading 367.58 points or 0.61% higher at 60,426.64. The Nifty 50 index for the first time crossed the 18,000 mark and was trading 134.80 points or 0.75% up at 18,030. Meanwhile, certain stocks were in action in either direction based on reports linked to them. Here is a list of few such stocks:

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Buzzing Stocks

IEX: Up 11.43%.

MSTC: Up 11.89%

MCX: Up 6.71%. Meanwhile, the stock touched the life high of Rs 2,079.40 earlier in the intraday trade today.

PG Electroplast: Up 15.26%.

Borosil Renewables: Up 10%.

SCI: Up 9.21%.

Solar Industries: Up 5.18%.

MTAR Technologies: Up 5.34%.

Coal India: Up 4.17%.

BSE Ltd.: Up 4.50%.

IDBI Bank: Up 1.25%.

Route Mobile: Up 2.44%.

VIP Industries: Up 1.32%.

Amber Enterprises: Up 1.91%.

Deepak Nitrite: Up 0.95%.

Equitas Holdings: Up 5.94%. 

Kotak Mahindra Bank: Up 2.88%

Polycab India: Up 2.66%.

Dixon Technologies: Up 5.36%.

Mahindra Lifespaces: Up 2.65%.

DLF: Up 4.48%.

InterGlobe: Up 3.54%.

RK Forgings: Up 2.66%

Avenue Supermarts: Up3.93%. Trading above 4,500. Meanwhile, the stock touched the life high of Rs 4,594 earlier in the intraday trade today.

Broking Stocks: On a move. Stocks like Motilal Oswal - up 4.78%; IIFL Finance - up 3.41%; Geojit Finance - up 3.98% and Angel Broking - up 1.19% were trading with gains.

Footwear Stocks: On a move. Stocks like Relaxo - up 4.99%; Khadim - up 1.84%; Mirza International - up 0.98% and Bata - up 2.91% were trading with gains.

Fashion Textile Stocks: On a move. Stocks like Kewal Kiran - up 9.77%; Arvind - up 4.97%; Monte Carlo - up 3.55%; Indian Terrain - up 3.69% were trading with gains.

Packaging Companies Stocks: On a move. Stocks like Uflex - up 4.38%; Tinplate - up 3.36%; TCPL Packaging - up 2.24% and Jindal Poly Films - up 0.88% were trading with gains.

Hotel Stocks: On a move. Stocks like Indian Hotels - up 3.43%; Taj GVK - up 2.42%; Mahindra Holidays - up 1.56% and Kamat Hotels - up 11.04% were trading with gains.

Falling Stocks

IT Stocks: Trading in Red. Stocks like TCS - 5.47%; Coforge - down 3.43%; Mindtree - down 3.34%; Mphasis - down 3.47%; L&T Infotech - down 1.82% and Infosys - down 0.24% were trading negatively.

New Listing 

Aditya Birla Sun Life AMC: Down 1.26%. The shares of Aditya Birla Sun Life AMC debuted on the stock markets today at Rs 715 per share against the issue price of Rs 712 per share. The Rs 2,786.26 crore initial public offering (IPO) of the company closed with 5.25 times subscription. 

Stocks in News

Tata Motors: Up 9.17%. Jaguar Land Rover retail sales for the three months to September 30, 2021, continued to be constrained by the impact of the global semiconductor shortage on production, with wholesales for the period in line with July guidance. The underlying demand for Jaguar Land Rover products remains strong with order books at record levels. Retail sales for Q2FY22 were 92,710 vehicles, 18.4% lower than the 1,13,569 vehicles sold in Q2FY21. Retails were lower year-on-year in most regions, including North America (-15.6%), China (-6.3%), Europe (-17.0%), and in the UK (-47.6%), but were up in our Overseas region (+10.0%). Retail sales of all models were lower year on year with the exception of the new Land Rover Defender, which retailed 16,725 vehicles, up 70.4% year-on-year, making it our bestselling model in the quarter. Q2FY22 wholesales stood at 64,032 units (excluding the China JV), down 12.8% year-on-year from 73,431 units sold last year. Despite the continuing semiconductor supply constraints, Jaguar Land Rover expects to report a free cash outflow of under £0.7 billion for the quarter, significantly better than the £1 billion outflows initially anticipated. Total liquidity at the end of the second quarter is expected of about £5.9 billion including a £2.0 billion undrawn committed revolving credit facility (RCF). The Company expects semiconductor shortages to gradually ease over about the next 12 months from here.

Maruti Suzuki: Up 3.96%. The carmaker in its production update for September 2021, said, total production dropped to 81,278 units in September 2021 from 1,66,086 units produced in September 2020. The production volume of the Company in September 2021 was affected due to an electronic components shortage.
GOCL Corp: Up 16.71%. IDL Explosives Limited, a material subsidiary bags order worth Rs 592.45 crores for the supply of Bulk Explosives for 2 years from Coal India Limited.

JSW Steel: Up 1.21%. JSW Steel Group crude steel production volume at 5.07 million tonnes in Q2FY22, up 29% YoY.
VST Tillers Tractors: Up 4.03% Launched VST 171DI Single Cylinder Tractor, in the Gujarat market. It is customised for applications like land preparation, inter cultivating, and haulage, the 17 HP, Single Cylinder Tractor is ideal for small farmers to use in their Ground Nut, Soyabean, Cotton, Castor fields, and Orchards.

Equitas Small Finance Bank: Up 3.27%. The company in its business update for Q2FY22 said gross advances grew 13% YoY at Rs 18,981 crore as compared to Rs 16,731 crore posted last year. The disbursement grew 65% YoY to Rs 3,137 crore as compared to Rs 1,902 crore. Total deposits grew 40% YoY to Rs 18,094 crore as compared to Rs 12,901 crore. CASA stood at Rs 8,200, up 153% YoY, compared to Rs 3,246 crore posted last year. The CASA ratio stands at 45% in Q2FY22 compared to 25% posted in Q2FY21. Besides, SEBI has granted relied on the Scheme of Amalgamation of Equitas Holdings Limited (EHL) with Equitas Small Finance Bank Limited (ESFBL) by relaxing minimum shareholding norms. It has acceded to the company's request to relax three-year minimum promoter lock-in requirements to the extent required to implement the Scheme of Amalgamation soon after receiving final NCLT approval.

TCS: Down 5.47%. India’s largest information technology company Tata Consultancy Services (TCS) has reported a 6.8% QoQ rise in the consolidated profit at Rs 9,624 crore for the quarter ended September 30, 2021 (Q2FY22). It had posted a profit of Rs 9,008 crore in the previous quarter ended June 30, 2021 (Q1FY22). Its revenue from operation grew 3.2% to Rs 46,8676 crore in the reported quarter compared to Rs 45,411 crore posted in the previous quarter. Revenue in dollar terms rose 2.9% to $633.3 crore as against $615.4 crore posted in the previous quarter. The EBIT stood at Rs 12,000 crore, up 3.6%, from Rs 11,588 crore posted in Q1FY22. The margin remained almost flat at 25.6% in Q2FY22 compared to 25.5% posted in Q1FY22. Besides, the company has declared a second interim dividend of Rs 7 per Equity Share of Re 1 each of the Company. The second interim dividend shall be paid on Wednesday, November 3, 2021, to the equity shareholders of the Company, whose names appear on the Register of Members of the Company or in the records of the Depositories as beneficial owners of the shares as of Tuesday, October 19, 2021, which is the Record Date fixed for the purpose. It reported a CC revenue growth of 15.5% (QoQ). TCV in Q2 stood at $7.6 billion as compared to $8.1 billion (QoQ). All verticals grew 15% YoY. Attrition stood at 11.9% in Q2FY22 as compared to 8.6% (QoQ).

Bandhan Bank: Down 3.96%. The private lender in its business update for Q2FY22 said, its loans and advances grew 7% YoY to Rs 81,668 crore in Q2FY22 compared to Rs 76,615 crore posted in Q2FY21. Total deposits grew 24% YoY to Rs 81,898 crore in the reported period compared to Rs 66,128 crore posted in Q2FY21. CASA deposits improved by 45% YoY to Rs 36,548 crore from Rs 25,279 crore posted last year. CASA ratio improved YoY to 44.6% in Q2FY22 from 38.2% posted in Q2FY21. The liquidity coverage ratio (LCR) as of September 30, 2021, stands at 139%. Collection efficiency* for September 2021 was at 90%.

Wockhardt: Down 2.98%. The company in its clarification to reports linked to proposed stake sale by Wockhardt Limited said, the company is in the process of evaluating/ negotiating various fundraising options, including by way of further issue of equity shares, as part of its normal course of business. The above negotiations are in their initial stage and, if found feasible, will be subject to further approval by the Board of Directors of the Company before finalisation. Therefore, the present news information detailing the deal/ parties to the deal are purely speculative in nature. With this clarification, the company had not denied the said report which was exclusively reported earlier by Zee Business.

Monte Carlo Fashions: Up 3.55%. Leading branded apparel company Monte Carlo in its Q2FY22 business update said that the company expects strong volume growth and calibrated price increase mainly on account of opening up of economy and removal of lockdown restrictions in most of the geographies. The pace of recovery for kids wear and casual wear was faster, while formal wear is now gaining increased traction with the opening of most of the corporate offices. With the opening of malls and marketplaces, the company is seeing pent up demand across all formats of stores that is EBO's and MBO's. The company has strengthened its retail presence in India with the opening of 12 new EBO's during Q2 FY22. Apart from thrust on retail network expansion, the company also accelerated its digital and Omni channels during the quarter.

Adani Transmission: Down 1.23%. The company in its provisional operational updates for Q2FY22 said, Power Transformation Capacity (in MVA) grew 35% YoY to 36,766 MVA in Q2FY22 compared to 27,280 MVA posted in Q2FY21. Transmission Network Length (in ckt kms) increased 27% YoY to 18801 ckt kms compared to 14,837 ckt kms. Collection efficiency improved to 106.56% in Q2FY22 compared to 103.53% posted in Q2FY21. Total Units Sold in Q2FY22 stood at 1,980 million units, up 14% YoY from 1,742 million units sold in Q2FY21. 

Vakrangee: Up 4.38%. The company has reported a 101% YoY rise in the consolidated profit at Rs 26.7 crore for the quarter ended September 30, 2021. It had posted a profit of Rs 12.3 crore in the same quarter of the previous financial year. Revenue from operations grew 196% YoY to Rs 207 crore as compared to Rs 70 crore posted last year. EBITDA stood at Rs 39 crore, up 650% YoY, from Rs 5.2 crore posted last year. Margin improved YoY to 18.8% in Q2FY22 compared to 7.4% posted in Q2FY21. 

Reliance Industries (up 0.52%) / Sterling & Wilson Solar (up 7.99%): Reliance New Energy Solar Ltd (RNESL), a wholly-owned subsidiary of Reliance Industries Ltd (Reliance), has executed definitive agreements with Shapoorji Pallonji and Company Private Ltd (SPCPL), Khurshed Daruvala and Sterling and Wilson Solar Ltd (SWSL) to acquire 40.0% stake post-money in SWSL through a series of preferential shares, equity and open offer. Preferential allotment of 2.93 crore equity shares (equivalent to 15.46% post preferential share capital) will be made at Rs 375 per share. Acquisition of 1.84 crore equity shares by RNESL from SPCPL (equivalent to 9.70% post preferential share capital) will be done for Rs. 375 per share. Public Announcement by RNESL to the public shareholders of SWSL to acquire up to 4.91 crore equity shares of SWSL, representing 25.9%.