IRCTC, Metal Stocks to Nykaa IPO - Here are top Buzzing Stocks today

Indian equity markets were trading lower in the noon session of Friday with Nifty trading marginally above the 17,800 mark. At 12:09 pm, the S&P BSE Sensex was trading at a loss of 188.78 points or 0.31% at 59,795.92 while Nifty 50 was trading 43.95 points or 0.25% low at 17,813.30. Meanwhile, certain stocks were in action in either direction based on reports linked to them. Here is a list of a few such stocks:

Stocks in News

IRCTC: The shares of Indian Railway Catering & Tourism Corporation (IRCTC) recovered from the intraday low of Rs 639.45 per share, a fall of more than 30%, and touched the high of 906.45 per share and was trading 5.97% low. The stock recovered after the Ministry of Railways has decided to withdraw the decision on the IRCTC convenience fee. Earlier, in the early morning deals, the stock plunged more than 30% after the Indian Railways' online ticketing arm was asked to share 50 per cent of the convenience fee the company earns with the ministry of railways. The ticketing business accounted for almost 27 per cent of the revenue in FY20.

Tata Steel: Up 2.07%. The two flagship companies of the Tata Group, Tata Steel and Tata Power, have come together to develop grid-connected solar plants in Jharkhand and Odisha. The two companies have signed a Power Purchase Agreement (PPA) for 25 years to set up a 41MW solar project, which will be a combination of the rooftop, floating and ground-mounted solar panels. Under the project, Tata Power will develop Photo Voltaic (PV) capacities for Tata Steel at Jamshedpur (21.97MWp) and Kalinganagar (19.22MWp).

See Zee Business Live TV Streaming Below:

Buzzing stocks

Metal Stocks: On a move with Nifty Metal index trading 1.27% higher. Stocks like NMDC - up 5.35%; Adani Enterprises - up 3.32%; Welspun Corp - up 1.90 per cent, Vedanta - up 1.73%; JSW Steel - up 1.30% and Ratnamani Metals up 1.09% were trading with gains.

Pharma Stocks: On a move with Nifty Pharma index trading 0.97% higher. Stocks like Lupin - up 7.11%; Biocon - up 3.15%; Cadila - up 2.81%; Alembic Pharmaceuticals - up 2.50%;

Glenmark - up 2.15%; Strides Pharma - up 1.88%; Torrent Pharma - up 1.86%; Aurobindo - up 1.67% and Cipla - 1.60% were trading with gains.

PSU Banks: On a move with Nifty PSU Bank index trading 2.40% higher. Stocks like Canara Bank - up 9.29%; PNB - up 2.42%; SBI - up 1.52%; Union Bank - up 1.50%; Bank of Baroda - up 1.38% and UCO Bank - up 1.04% were trading with gains. 

Ujjivan Financial Services: Up 15.90%

Ujjival Small Finance Bank Ltd: Up 4.95%.

Triveni Turbine: Up 6.85%.

Indiabulls Housing: Up 3.95%.

Oberoi Realty: Up 2.97%

NMDC: Up 5.72%.

Minda Corp: Up 3.25%.

HCL Technologies: Up 1.35%.

Mahindra Logistics: Up 1.60%.

SKF India: Up 2.79%.

Indian Bank: Up 1.06%.

Tata Motors DVR: Up 1.01%.

TCS: Up 0.91%.

Falling Stocks

MSTC: Down 4.53%.
SBI Cards: Down 4.33%.
Laurus Labs: Down 3.87%.

IPO Update: Fino Payments Bank IPO + Nykaa IPO

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 1.80 times at the BSE by 12:02 pm on the second day of bidding. The Qualified Institutional Buyers(QIBs) portion was subscribed 1.40 times, while the Non-Institutional Investors (NIIs) and Retail Individual Investors(RIIs) portions were subscribed 0.75 times and 4.61 times. The employee portion was subscribed 0.84 times. The issue will close on Monday, November 1, 2021. The company has fixed a price band of Rs 1,085-1,125 per share as the company seeks to raise more than Rs 5,351.9 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.

Fino Payments Bank IPO: Fino Payments Bank Limited's initial public offering (IPO) was subscribed 0.29 times on the BSE by 12:02 pm on the first day of subscription. The Non-Institutional Investors (NIIs) and Retail Individual Investors(RIIs) portions were subscribed 0.01 times and 1.58 times, respectively. The quota reserved for employees was subscribed 0.07 times. Subscription for Qualified Institutional Buyers(QIBs) was not started yet. The public issue will close on Tuesday, November 2, 2021. 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.

Earnings Reaction

InterGlobe Aviation: Up 6.90%. The operator of India's top domestic airline IndiGO has reported a consolidated loss of Rs 1,436 crore for the quarter ended September 30, 2021, from a loss of Rs 3,174 crore posted in the previous quarter ended June 30, 2021. Its revenue from operations grew by 86.5% QoQ to Rs 5,608 crore as against Rs 3,007 crore posted in June 21 quarter. It posted a positive EBITDAR of Rs 341 crore as against a negative EBITDAR of Rs 1,360 crore posted in the previous quarter. Indigo's passenger load factor (PLF) increased to71.1% in Q2FY22 as against 58.7% posted in Q1FY22.

AU Small Finance Bank: Up 2.16%. The commercial banking company has reported a 13.5% YoY rise in the standalone profit at Rs 278.5 crore for the quarter ended September 30, 2021. It had posted a profit of Rs 322 crore in the year-ago quarter. However, the bank said that its net profit was up 42% YoY at Rs 279 crore as against Rs 196 crore after excluding the profit earned from stake sale in Aavas Financiers. Gains from stake sale in Aavas Last year was Rs 144 crore. The bank's net interest income (NII) grew 34% to Rs 753 crore from Rs 561 crore posted last year. Its gross NPAs declined to 3.16% in Q2FY22 from 4.21% posted in Q1FY22. The net NPA dropped to 1.65% in September 2021 from 2.26% posted in June 2021. Disbursements were up 57% YoY to Rs 5,135 crore from Rs 3,268 crore. 

Blue Star: Up 1.72%. The leading integrated MEP service provider has reported a 105% YoY rise in the consolidated profit at Rs 31.36 crore for the quarter ended September 30, 2021. It had posted a profit of Rs 15.3 crore in the year-ago quarter. Its revenue from operations grew 37% YoY to Rs 1,240 crore from Rs 902 crore posted last year. EBITDA grew 29% YoY to Rs 71 crore from Rs 55 crore posted last year. The margins declined to 5.7% in Q2FY22 from 6.1% posted in Q2FY21. 

Motilal Oswal Financial Services: Up 3.40%. The financial company has reported an 81% YoY rise in the consolidated profit at Rs 537 crore for the quarter ended September 30, 2021. It had posted a profit of Rs 296 crore in the year-ago quarter. Sales grew 63% to Rs 1,325 crore from Rs 811 crore posted last year. EBITDA grew 85.9% to Rs 781 crore from Rs 420 crore posted last year. The margin has improved to 58.9% in Q2FY22 from 51.7% posted in Q2FY21.

DLF: Up 1.01%. The real estate developer has reported a 6.3% YoY rise in the consolidated profit at Rs 379 crore for the quarter ended September 30, 2021. It had posted a profit of Rs 232 crore in the year-ago quarter. Sales fell by 8% YoY to Rs 1,481 crore in the period under consideration from Rs 1,610 crore posted last year. EBITDA declined by 1% to Rs 458 crore from Rs 463 crore posted last year. Margins improved to 30.9% in Q2FY22 from 28.7% posted in Q2FY21.

UTI AMC: Up 1.12%. The mutual fund company has reported a 67% YoY rise in the consolidated profit at Rs 199 crore for the quarter ended September 30, 2021. It had posted a profit of Rs 119 crore in the year-ago quarter. Its sales grew 37.6% YoY to Rs 380 crore from Rs 276 crore posted last year. EBITDA grew 49% YoY to Rs 233 crore from Rs 156 crore posted last year. The margins improved to 61 % in Q2FY22 from 56.5% posted in Q2FY21.

GHCL: Up 1.95%. The chemical manufacturing company has reported a 30% YoY rise in the consolidated profit at Rs 110 crore for the quarter ended September 30, 2021. It had posted a profit of Rs 84.4 crore in the year-ago quarter. Its revenue from operations grew 22% YoY to Rs 982.5 crore from Rs 806.5 crore posted last year. EBITDA grew 21% YoY to Rs 192.6 crore from Rs 159.3 crore posted last year. The margins remain flat at 19.6% in Q2FY22 from 19.7% posted in Q2FY21.

GSFC: Up 1.18%. The chemical company has reported a 33.5% YoY rise in the consolidated profit at Rs 231 crore for the quarter ended September 30, 2021. It had posted a profit of Rs 173 crore in the year-ago quarter. Its revenue from operations grew 20% YoY to Rs 2,532 crore from Rs 2,110 crore posted last year. EBITDA grew 60.6% YoY to Rs 331 crore from Rs 206 crore posted last year. The margins improved to 13.1% in Q2FY22 from 9.8% posted in Q2FY21. 

GMM Pfaudler: Up 0.86%. The manufacture of corrosion-resistant glass-lined equipment used primarily in the Chemical Pharmaceutical and allied industries has reported a 29% YoY rise in the consolidated profit at Rs 34.6 crore for the quarter ended September 30, 2021. It had posted a profit of Rs 26.8 crore in the year-ago quarter. Its revenue from operations grew 248% YoY to Rs 647.2 crore from Rs 186.2 crore posted last year. EBITDA grew 138% YoY to Rs 93.76 crore from Rs 39.37 crore posted last year. The margins contracted to 14.4% in Q2FY22 from 21.1% posted in Q2FY21. - Board approves payment of 2nd interim dividend for the financial year 2021-22 at Re 1 per share for 1,46,17,500 equity shares for the face value of Rs 2 each. The record date is fixed at November 11, 2021.

GNFC: Up 0.85%. The chemical industry company has reported a 102.8% YoY rise in the consolidated profit at Rs 282 crore for the quarter ended September 30, 2021. It had posted a profit of Rs 139 crore in the year-ago quarter. Its revenue from operations grew 76.5% YoY to Rs 2,096 crore from Rs 1,187 crore posted last year. EBITDA grew 122% YoY to Rs 430.7 crore from Rs 194 crore posted last year. The margins improved to 20.5% in Q2FY22 from 16% posted in Q2FY21.

Schaeffler India: Up 0.86%. Ball and roller bearing manufacturing company Schaeffler India has reported a 53% YoY rise in the consolidated profit at Rs 171 crore for the quarter ended September 30, 2021. It had posted a profit of Rs 112 crore in the year-ago quarter. Its revenue from operations grew 33% YoY to Rs 1,487.4 crore from Rs 1,120.6 crore posted last year. EBITDA grew 39% YoY to Rs 264.3 crore from Rs 189.5crore posted last year. The margins improved to 17.7% in Q2FY22 from 16.9% posted in Q2FY21. The Board of Directors of the Company has approved the sub-division of each equity share of the face value of Rs 10 per share into 5 equity shares of the face value of Rs 2 per share subject to the approval of shareholders of the Company. 

NTPC: Down 1.09%. The power generator has reported an 8.4% YoY decline in the standalone profit at Rs 3,213 crore for the quarter ended September 30, 2021. It had posted a profit of Rs 3,505 crore in the year-ago quarter. Lower other income, higher expenses hurt profit. Its revenue from operations grew 15% to Rs 28,329 crore as against Rs 24,677 crore posted last year. EBITDA grew marginally by 0.6% to Rs 7,224 crore as against Rs 7,183 crore posted last year. Its margin contracted to 25.5% in Q2FY22 as against 29.1% posted in Q2FY21.

Tata Power: Down 1.47%. The electric power distribution company has reported a 51% YoY rise in the consolidated profit at Rs 421.5 crore for the quarter ended September 30, 2021. It had posted a profit of Rs 280 crore in the year-ago quarter. Its revenue from operations grew 18.3% YoY to Rs 9,810 crore as against Rs 8,290 crore posted last year. EBITDA declined by 16% YoY to Rs 1,663.6 crore as against Rs 1,986 crore posted last year. Margins contracted to 17% in Q2FY22 as against 24% posted in Q2FY21. Higher other income aids profit and it had a gain of Rs 200 crore from the sale of an investment. Besides, Sanjeev Churiwala was appointed CFO, to take over from January 1, 2022. Current CFO Ramesh Subramanyam to take up a new role in Tata Group.

RBL Bank: Down 8.13%. The private sector lender RBL Bank has reported a 79% YoY decline in the profit at Rs 31 crore for the quarter ended September 30, 2021. It had posted a profit of Rs 144 crore in the year-ago quarter. Its Net Interest Income (NII) dropped 2% YoY to Rs 915 crore from Rs 932 crore posted last year. The provisions rose 34% to Rs 651 crore as against Rs 487 crore posted last year. Other income rose 42% to Rs 593 crore as against Rs 418 crore posted last year. The bank's net interest margin (NIM) fell to 4.1% in September 2021 against 4.3% posted in September 2020. Advances remain flat. Gross NPAs increased to 5.4% in September 2021 from 4.99% in June 2021. The Net NPA grew to 2.14% in Q2FY22 from 2% in Q1FY22. The slippage ratio stands at 2.15% in the reported quarter against 2.29% posted in the previous quarter. The bank restructured loans of the lender rose to 3.35% in Q2FY22 as against 1.8% in Q1FY22.

CarTrade Tech: Down 2.74%. Multi-channel automobile buying and selling platform CarTrade Tech Ltd has reported a consolidated loss of Rs 38 crore for the quarter ended September 30, 2021. It had posted a profit of Rs 7 crore in the year-ago quarter. Its revenue from operations grew 36.8% YoY to Rs 78 crore from Rs 57 crore posted last year. It posted a negative EBITDA of Rs 32 crore in the period under consideration as against a positive EBITDA of Rs 10 crore posted last year. It posted a negative margin of 41% in Q2FY22 against a positive margin of Rs 17.5% posted in Q2FY21. 

JK Tyre: Down 2.61%. The tires and tubes company has reported a 37% YoY drop in the consolidated profit at Rs 66.5 crore for the quarter ended September 30, 2021. It had posted a profit of Rs 105 crore in the year-ago quarter. Its revenue from operations grew 31% YoY to Rs 2,986.66 crore from Rs 2,274.84 crore posted last year. EBITDA dropped 18% to Rs 292.41 crore from Rs 355.04 crore posted last year. Margin contracted to 9.7% in Q2FY22 from 15.6% posted in Q2FY21.