IndusInd Bank, Apollo Tyres to metal Stocks - Here are top buzzing stocks today

Domestic equity benchmark indices were trading higher in the afternoon deals of Monday, November 1, 2021, with Nifty above 17,750. At 12:32 pm, the S&P BSE Sensex was trading at a gain of 297.37 points or 0.50% at 59,604.30. The Nifty 50 index was 108.25 points or 0.61% high and was trading at 17,779.90. Meanwhile, certain stocks were in action in either direction based on reports linked to them. Here is a list of a few such stocks:

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Buzzing Stocks

IndusInd Bank: Up 7.27%
LG Balakrishnan & Bros: Up 10.69%.
Minda Corp: Up 11.43%.
IIFL Finance: Up 4.99%.
Trident: Up 4.87%.
Bharti Airtel: Up 4.33%
Vodafone Idea: Up 4.71%.
Chemplast Senmar: Up 2.21%.
Indiabulls Real Estate: Up 4.58%.
NALCO: Up 5.06%.
Route Mobile: Up 4.12%.
Lux Industries: Up 5.45%.
DCB Bank: Up 5.62%.
Hatsun Agro: Up 4.14%.
Gujarat Narmada Valley: Up 5.51%.
Grindwell Norton: Up 4.27%.
Intellect Design: Up 5.93%.
Dhani Services: Up 6.73%
Tata Coffee: Up 2.16%.
Bosch: Up 4.69%.
Zee Entertainment: Up 2.34%.
Sarda Energy: Up 7.52%.
DCB Bank: Up 5.56%.
Indo Amines: Up 4.98%.
Safari Industries: Up 4.76%.
GSK Pharma: Up 5.06%.

Blue Star: Up 5.10%. Meanwhile, the stock hit a life high of Rs 1,050 earlier in the intraday trade today.

Jute Stocks: On a move. Stocks like Gloster - up 2.39%; Cheviot Company - up 0.88% and Ludlow Jute - up 1% were trading with gains.

Liquor Stocks: On a move. Stocks like United Spirits Ltd - up 3.30%; Tilaknagar Industries - up 4.93%; United Breweries - up 1% and Globus Spirits - up 1.50%- were trading with gains.

Real Estate Stocks: On a move with Nifty Realty index trading with a gain of 4.60%. Stocks like Oberoi Realty - up 5.38%; DLF - up 2.81%; Prestige Estates - up 2.65%; Sobha Ltd - up 4.93%; Godrej Properties - up 6.38%; and DB Realty - up 1.95% were trading with gains.
 

IT Stocks: On a move with Nifty IT index trading with a gain of 1.46%. Stocks like HCL Technologies - up 3.08%; Coforge - Up 3.07%; Mphasis - up 2.76%; Infosys 1.26%; LTTS - up 2.64 and TCS - up 1.13% among others were trading with gains.

Metal Stocks: On a move with Nifty Metal Index trading with a gain of 2.63%. Stocks like SAIL - up 9.90%; NALCO - up 4.70%; Tata Steel - up 3.35%; Hindalco - up 3.13%; Jindal Steel - up 3.10%; JSW Steel - up 2.79%; Hindustan Copper - up 1.89%; Hindustan Zinc - up 1.27% and Coal India - up 1.16% among others except Welspun Corp (down 1.12%) were trading with gains.

Earnings Reactions  

SAIL: Up 9.90%. The steel production company SAIL has reported a 995% YoY rise in the consolidated profit at Rs 4,304 crore for the quarter ended September 30, 2021. It had posted a profit of Rs 393 crore in the year-ago quarter. Its revenue grew 59% YoY to Rs 26,827 crore as against Rs 16,924 crore posted last year. Its EBITDA grew 269% YoY to Rs 7,017 crore as against Rs 1,901 crore posted last year. Margin improved to 26% in Q2FY22 as against 11% posted in Q2FY21. The company has reported a massive debt reduction of Rs 8,952 crore YoY. It is the cheapest steel stock in terms of valuation. 
 

Apollo Tyres: Up 3.45%. The tyre company has reported a consolidated profit at Rs 174 crore for the quarter ended September 30, 2021. It had posted a net loss of Rs 266 crore in the year-ago quarter. Its revenue from operations in the second quarter grew 18.2% YoY to Rs 5,077 crore as against Rs 4,295crore posted last year. Its EBITDA dropped 9.8% YoY to Rs 638 crore as against Rs 707 crore posted last year. Margin contracted to 12.6% in Q2FY22 as against 16.5% posted in Q2FY21. The tyre manufacturer had reported an exceptional loss of Rs 600 crore last year. 
 

Exide Industries: Up 2.66%. Storage battery manufacturer has reported a 2.2% YoY rise in the standalone profit at Rs 234 crore for the quarter ended September 30, 2021. It had posted a net loss of Rs 229 crore in the year-ago quarter. Its revenue from operations in the second quarter grew 19.5% YoY to Rs 3,290 crore as against Rs 2,753 crore posted last year. Its EBITDA grew 5.6% YoY to Rs 414 crore as against Rs 392 crore posted last year. Margin contracted to 12.6% in Q2FY22 as against 14.2% posted in Q2FY21. 
 

IOC: Up 1.17%. Indian Oil Corporation (IOC), the nation's largest oil firm, has reported a 7% QoQ rise in standalone profits at Rs 6,360 crore for the quarter ended September 30, 2021. It had posted a profit of Rs 5,941.4 crore in the previous quarter ended June 30, 2021. Its revenues from operations grew 14.1% QoQ to Rs 1,35,417.8 crore in the reported quarter against Rs 1,18,670 crore posted in the previous quarter. EBITDA grew by 1% to Rs 11,096.1 crore as against Rs 10,986.1 crore posted in June 2021 quarter. Margins contracted to 8.2% in Q2FY22 as against 9.26% posted in Q1FY22. The gross refining margin (GRM) for the quarter stood at $3.11 per barrel. IOC further said its board approved an interim dividend of Rs 5 per equity share and fixed November 12, 2021, as the record date. 
 

BPCL: Up 1.34%. The state-run oil refiner reported a 79% QoQ rise in the standalone profits at Rs 2,694 crore for the quarter ended September 30, 2021. It had posted a profit of Rs 1,501.65 crore in the previous quarter ended June 30, 2021. Its revenues from operations grew 15% QoQ to Rs 81,536.7 crore as against Rs 70,921.3 crore posted in the previous quarter. EBITDA grew by 37.7% to Rs 4,477.7 crore against Rs 3,252.7 crore posted in June 2021 quarter. Margins corrected to 5.5% in Q2FY22 as against 4.6% posted in Q1FY22. The board of the company has declared an interim dividend of Rs 5 per share. 
 

Shree Cement: Up 1.43%. The cement manufacturer has reported a 5.6% YoY rise in the standalone profit at Rs 578 crore for the quarter ended September 30, 2021. It had posted a profit of Rs 547 crore in the year-ago quarter. Standalone sales grew by 5% to Rs 3,206 crore in the reported quarter against Rs 3,053 crore posted last year. EBITDA dropped 10.8% YoY to Rs 899 crore as against Rs 1,008 crore posted last year. The Margin contracted to 28% in Q2FY22 as against 33% posted in Q2FY21. Volumes down 7.5% to 6.3 million tonnes, against the estimated 6.6 MT. Realisation remained unchanged at Rs 5,015, against the Rs 4,912 forecast. Power and fuel expenses as a percentage of net sales rose to 19.6% from 18.9% in the previous three months. Shares of other expenses increased to 17.5% from 15.9%. These, however, were partly offset by a decline in the share of freight costs from 24% to 22% of net sales.  

Equitas Small Finance Bank: Down 3.42%. The small finance bank has reported a 60% decline in its profits at Rs 41 crore for the quarter ended September 30, 2021. It had posted a net loss of Rs 103 crore in the year-ago quarter. Net Interest Income for Q2FY22 grew 5% YoY at Rs. 484 crore as against Rs 461 crore in Q2FY21. NIM at 8.14%. It made provisions of Rs 138 crore as against Rs 75 crore of the last year. GNPA was at 4.64% in Q2FY22 as compared to 4.58% in Q1FY22 and 2.39% in Q2FY21. NNPA at 2.37% in Q2FY22 as compared to 2.29% in Q1FY22 and 1.09% in Q2FY21. Loan growth stood at 13% and disbursement stands at 565%. Collection Efficiency for September 2021 stands at 99.71% and restructuring at 7%. 

UPL: Down 3.38%. The chemical company has reported a 37% YoY rise in the consolidated profit at Rs 634 crore for the quarter ended September 30, 2021. It had posted a profit of Rs 463 crore in the year-ago quarter. Its revenue grew 18% YoY to Rs 10,567 crore as against Rs 8,939 crore posted last year. Its adjusted EBITDA grew 13% YoY to Rs 1,045 crore as against Rs 1,808 crore. Margin declined marginally to 19.35% in Q2FY22 as against 20% posted in Q2FY21, while margins have been stable YoY. The company has not reported a significant change in borrowings. 

Stocks in News

Bajaj Auto: Bajaj Auto witnessed a drop of 14% in total sales at 4,39,615 units in October 2021 compared to 5,12,038 units in October 2020. Total sales include domestic sales of 2,18,565 units and exports of 2,21,050 units, lower by 22% and 4% respectively over October 2020. Commercial vehicles sales jumped 16% to 48,312 units from 41,748 units last year. The 2-wheeler sales (domestic + exports) slumped 17% to 3,91,303 units in October 2021 from 4,70,290 units sold last year.

Eicher Motors: Up 1.72%. The company's total commercial vehicle sales for October 2021 were up 38.2% at 5,805 units versus 4,200 units in October 2020.
VST Tillers' Tractors: Down 1.49%. Tractor sales were down 12.6% in October 2921 at 996 units versus 1,139 units in October 2020. The Power Tiller sales were down 21.2% at 1,820 units against 2,310 units, YoY. 
      
TVS Motor: Up 1.65%. “TVS Motor Company today launched Naked Street Design ‘TVS Raider’ motorcycle in Nepal for the Gen Z”. Equipped with best-in-class Acceleration, Reverse LCD Cluster and Animalistic LED Headlamps TVS Raider has a distinctly sporty and stylish look.

Tata Consultancy Services: Up 1.13%. TCS has expanded its partnership with Celcom Axiata Berhad (Celcom), a leading telecommunications provider in Malaysia, to transform the latter’s core business support systems (BSS) using TCS HOBS™ and TCS TwinX™ hosted on Microsoft Azure.

Sun Pharmaceuticals: Up 1.01%. Sun Pharmaceutical Industries Limited today announced the availability of WINLEVI (clascoterone) cream 1% in the United States (U.S). A first-in-class topical androgen receptor inhibitor, WINLEVI was approved by the U.S. Food and Drug Administration (FDA) in August 2020 for the topical treatment of acne vulgaris in patients 12 years of age and older. WINLEVI is the first FDA-approved acne drug with the first-in-class mechanism of action in nearly 40 years.

JSW Steel: Up 2.79%. JSW Steel (USA) Inc., a subsidiary of JSW Steel Ltd., has commenced the second phase of the project to upgrade its Plate Mill facility located at Baytown in Texas, USA. The Phase II project begins today and is expected to be completed in the second half of 2023.

Texmaco Rail and Engineering: Down 2.50%. The right issue of Texmaco Rail & Engineering will open today, i.e., November 01, 2021. The issue is aggregating to more than Rs 164 crore. The issue will close on November 15, 2021. The issue will have a floor price of Rs 23 per equity share.

NCL Industries: Down 1%. Ved Prakash Agarwal bought 2.35 lakh equity shares in the company at Rs 246.41/share. 

Ujjivan Financial Services (up (0.083%)/Ujjivan Small Finance Bank (down 2.47%): Ujjivan Financial Services Ltd (Ujjivan) has said that its board has approved the amalgamation of the company with its subsidiary Ujjivan Small Finance Bank to comply with SEBI's minimum public shareholding norms. Once the scheme comes to effect, Ujjivan SFB would issue and allot to the shareholders of Ujjivan Financial Services 115 equity shares of the bank for every 10 equity shares of Ujjivan. The amalgamation is subject to approval from the Reserve Bank of India (RBI), capital markets regulator Sebi, public shareholders of the companies involved, as well as the NCLT.

IPO Update: Fino Payments Bank IPO + Nykaa IPO + Policy Bazaar IPO + SJS Enterprises IPO + SJS Enterprises IPO

Fino Payments Bank IPO: Fino Payments Bank Limited's initial public offering (IPO) that opened on Friday, October 29, 2021, was subscribed 0.68 times at the BSE by 12:02 pm today, the second day of the issue. The public issue will close on Tuesday, November 2, 2021. The Non-Institutional Investors (NIIs) portion was subscribed 0.06 times while the Retail Individual Investors (RIIs) and employee portions were subscribed 3.73 times and 0.37 times, respectively. The fintech company has fixed a price band of Rs 560-577 per share as the company seeks to raise up to Rs 1,200 crore from the public offering. Bids can be made for a minimum of 25 Equity Shares and in multiples of 25 shares thereafter.

Nykaa IPO: The Initial Public Offering (IPO) of FSN E-Commerce Ventures Ltd, the parent company of the online beauty e-commerce platform Nykaa, was subscribed 9.91 times at the BSE by 12:02 pm on Monday, the last day of bidding. The Qualified Institutional Buyers(QIBs) portion was subscribed 7.39 times, while the Non-Institutional Investors (NIIs) and Retail Individual Investors (RIIs) portions were subscribed 15.72 times and 9.25 times, respectively. The portion reserved for employees was subscribed 1.50 times. The company has fixed a price band of Rs 1,085-1,125 per share as the company seeks to raise more than Rs 5,352 crore through the public offering. Bids can be made for a minimum of 12 equity shares and in multiples of 12 equity shares thereafter, a maximum of up to Rs 2 lakhs. The company is offering a discount of Rs 100 per Equity Share to Eligible Employee Category.

PB Fintech Limited (Policy Bazaar) IPO: Initial Public Offering (IPO) of PB Fintech Limited, the owner of the online insurance aggregator and fintech Policy Bazaar and Paisa Bazaar, was subscribed 0.19 times by 12:02 pm at the BSE on today, the first day of subscription. The Qualified Institutional Buyers (QIBs) portion was subscribed 0.16 times, while the Non-Institutional Investors (NIIs) and Retail Individual Investors (RIIs) portions were subscribed 0.01 times and 0.59 times, respectively. The issue will close on Wednesday, November 3, 2021. The company has fixed the price band for the offer at Rs 940-980 per share as it seeks to raise around Rs 5,652 crore from the issue. The retail investors can buy a minimum of one lot of 15 shares for an amount of Rs 14,700, at the upper price band.

SJS Enterprises Limited IPO: Initial Public Offering (IPO) of the decorative aesthetics product company, SJS Enterprises, was subscribed 0.18 times at the BSE by 12:02 pm on today, the first day of subscription. The Retail Individual Investors (RIIs) portion was subscribed 0.36 times and 0.59 times, respectively. The issue will close on Wednesday, November 3, 2021. The company has fixed the price band for the offer at Rs 531-542 per share as it seeks to raise around Rs 800 crore from the issue. The retail investors can buy a minimum of one lot of 27 equity shares for an amount of Rs 14,634, at an upper price band. 

Sigachi Industries Limited IPO: Initial Public Offering (IPO) of the Hyderabad-based manufacturer of cellulose-based excipients, Sigachi Industries, was subscribed 3.66 times by 12:02 pm at the BSE on today, the first day of subscription. The Non-Institutional Investors (NIIs) and Retail Individual Investors (RIIs) portions were subscribed 0.33 times and 7.17 times, respectively. The issue will close on Wednesday, November 3, 2021. The company has fixed the price band for the offer at Rs 161-163 per share as it seeks to raise around Rs 125 crore from the issue. The retail investors can buy a minimum of one lot of 90 equity shares for an amount of Rs 14,670, at an upper price band.