Kotak Mahindra Bank, OMCs to Shoppers Stop - Here are top buzzing stocks today

Domestic equity markets further extended the losses and the headline indices as Sensex and Nifty 50 were trading in red in the early noon deals of Thursday.  At 12:28 pm, the S&P BSE Sensex was trading 516.71 points or 0.84% down at 60,743.25. The Nifty 50 index was trading at a loss of 142.50 points or 0.78% at 18,124.10. Meanwhile, certain stocks were in action in either direction based on reports linked to them. Here is a list of a few such stocks:

Buzzing stocks

Banking Stocks: Supporting the market with Nifty Bank index trading 0.15% higher. Stocks like Kotak Mahindra Bank - up 3.70%, PNB - up 3.36%, Federal Bank - up 3.19% and were trading with gains. 

OMCs: On a move. Stocks like Hindustan Petroleum Corp. Ltd - up 1.86%, Indian Oil Corp. Ltd - up 2.03%,Bharat Petroleum Corp. Ltd - up 1.68% and ONGC - up 0.90% were trading with gains.

Railways Stocks: On a move. Stocks like Rail Vikas Nigam Ltd - up 7.85%, IRCTC - up 1.73%, IRFC - up 1.70%; IRCON - up 0.87% and RailTel - up 1.24% were trading with gains.

IRB Infrastructure Developers: Up 17.37%.

Aster DM Healthcare: Up 3.47%.

Garden Reach Shipbuilders: Up 2.39%.

Karur Vysya Bank: Up 2.92%.

PI Industries: Up 2.05%.

First Source Solutions: Up 1.27%.

Oberoi Realty: Up 1.39%.

See Zee Business Live TV Streaming Below:

Falling Stocks

Voltas: Down 3.59%.
L&T Technologies: Down 4.93%.
NELCO: Down 5%.
Coforge: Down 4.40%.
Sonata Software: Down 5.35%
Crompton Greaves: Down 2.05%.
VIP Industries: Down 2.98%.
Sheela Foam: Down 2.15%.
Symphony: Down 1.89%.
Narayana Hrudayalaya: Down 5.13%.
Polycab India: Down 1.82%.

Earning's Reaction

Shoppers Stop: Up 16.09%. The consolidated loss of the retail chain Shoppers Stop has narrowed to Rs 3.6 crore for the quarter ended September 30, 2021. The company had posted a net loss of Rs 97.70 crore in the year-ago period. Its revenue grew 116% YoY to Rs 642 crore from Rs 297 crore posted last year. EBITDA profit stood at Rs 72.5 crore as against Rs 39 crore posted last year.

Tata Communication: Up 3.46%. The telecommunications company has reported an 11% YoY rise in the consolidated profit at Rs 426.5 crore for the quarter ended September 30, 2021. It had posted a profit of Rs 384.8 crore in the year-ago quarter. Its revenue from operations dropped 5% YoY to Rs 4,174 crore as against Rs 4,401 crore posted last year. 
Tata Steel Long Products: Down 4.14%. The manufacturer of high alloy steel has reported a 128% YoY rise in the consolidated profit of Rs 134.5 crore for the quarter ended September 30, 2021. It had posted a profit of Rs 59 crore in the year-ago quarter. Its revenue from operations grew 38% YoY to Rs 1,637 crore as against Rs 1,186 crore posted last year.

Havells India: Down 6.80%. The electrical equipment company Havells India has reported a 7% YoY drop in the profits on a standalone basis at Rs 302 crore for the quarter ended September 30, 2021. It posted a profit of Rs 325 crore in the year-ago quarter. Its revenue from operations grew 31% YoY to Rs 3,221 crore as against Rs 2,452 crore posted last year. EBITDA stood at Rs 443 crore, up 5% YoY, from Rs 421 crore posted last year. The Margin contracted to 13.76% in Q2FY22 as against 17% posted in Q2FY21. 

L&T Finance Holdings: Down 4.71%. The company has reported a 10.4% YoY drop in consolidated profit at Rs 223 crore for the quarter ended September 30, 2021. It had posted a profit of Rs 248 crore in the year-ago quarter. Its net interest income (NII) grew 6% to Rs 1,610 crore as against Rs 1,519 crore posted last year. Total income dropped to Rs 3,052 crore in the period under consideration as against Rs 3,408 crore posted in the same quarter of last financial year. Its gross non-performing assets (GNPA) fell to 5.74% in Q2FY22 as against 5.75% posted in Q1FY22. The net non-performing assets (NNPA) were at 2.81% in September 2021, up from 2.07% in June 2021. Total loan growth was down 12%, mainly due to Real estate and infra lending book, while rural finance grew by 7%. In Q2FY22, all LTFH businesses witnessed robust disbursement momentum. Rural Finance business saw the highest ever Q2 disbursement at Rs 4,987 crore, up 51% QoQ.

Syngene: Down 2.53%. The company has reported a 21% YoY drop in the consolidated profit at Rs 66.7 crore for the quarter ended September 30, 2021. It had posted a profit of Rs 84.1 crore in the year-ago quarter. Its revenue from operations grew 17% YoY to Rs 610 crore as against Rs 519.6 crore posted last year. EBITDA stood at Rs 177.2 crore, up 14% YoY, from Rs 155.7 crore posted last year. Margin stood at 29% in Q2FY22 as against 30% posted in Q2FY21. The company has reported an exceptional loss of Rs 30.7 crore.

Tejas Network: Down 5%. The manufacturer of optical and data networking products has reported an 18% YoY drop in the consolidated profit of Rs 3.7 crore for the quarter ended September 30, 2021. It had posted a profit of Rs 4.5 crore in the year-ago quarter. Its revenue from operations grew 57% to Rs 172.8 crore as against Rs 110 crore posted last year. EBITDA stood at Rs 18.4%, up 99% YoY, from Rs 9.2 crore posted last year. The margin grew to 10.6% in Q2FY22 as against 8.4% posted in Q2FY21. Other Income dropped to Rs 4.2 crore in the period under consideration as against Rs 8.1 crore posted in Q2FY21. 

Just Dial: Down 1.74%. The internet technology company has reported a consolidated profit of Rs 32.9 crore for the quarter ended September 30, 2021, as against a consolidated loss of Rs 3.5 crore posted in the previous quarter ended June 30, 2021. Revenue from operations declined 6% YoY to Rs 156 crore as against Rs 165.4 crore posted in June 2021. EBITDA profit stood at Rs 16 crore in Q2FY22 as against an EBITDA loss of Rs 17.2 crore posted in Q1FY22. 

Angel Broking: Down 5.63%. The stockbroker firm has reported a 79.6% YoY rise in the consolidated profit at Rs 134 crore for the quarter ended September 30, 2021. It had posted a profit of Rs 74.6 crore in the year-ago quarter. Its revenue from operations grew 65.7% YoY to Rs 527.3 crore as against Rs 318 crore posted last year. EBITDA stood at Rs 190.8 crore, up 60.7% YoY, from Rs 118.7 crore. It reported a margin of 36.2% in Q2FY22 as against 37.3% posted in Q2FY21.

Stocks in News

Jindal Stainless (Hisar) Ltd: Up 3.52% The company has commissioned Phase I of Brownfield expansion at Specialty Products Division. This capacity expansion takes the total precision strip production capacity to 48,000 TPA from the existing 22,000 TPA. The company had announced its capacity expansion plan on July 29, 2021.

Dhani Services: Up 3.29%. The board of Dhani Services Ltd. has approved an equity fundraising plan worth Rs 1,200 crore by way of preferential issue of shares to General Catalyst and others. It will offer 6.12 crore fully paid-up equity shares (equivalent to a 9.12% stake in the company) at an issue price of Rs 196 per equity share. It will raise Rs 1,200 crore by five investors namely General Catalyst (Rs 375 crore), DH-S Ribbit Cayman (Rs 150 crore), TIMF Holdings (Rs 225crore), First Royalty Venture (Rs 75 crore) & Zelkova Builders Pvt Ltd (Rs 375 crore). 

Biocon Ltd: Up 1%. Subsidiary Biocon Biologics Limited (BBL) today announced that Express Scripts, a leading pharmacy benefit management organization in the US, will list Biocon Biologics interchangeable biosimilar Insulin Glargine (Semglee*). It will be commercialized by Viatris, as a preferred glargine brand on its National Preferred Formulary® (NPF), which includes more than 28 million lives.

Varroc Engineering: Up 9.81%. HDFC Mutual Fund bought 0.58% stakes of the company on October 19, 2021. With this stake purchase, HDFC Mutual Fund's stakes in the company have increased from 4.53% to 5.11%. 

Federal Bank: Up 3.19%. Rakesh Jhunjhunwala and Rekha Jhunjhunwala buys an additional 1.01% stake in the September quarter. Earlier, they had 2.64% stakes.

Prince Pipes and Fittings: Up 1.47%. South Asia Growth Fund II Holdings LLC sold 22.12 lakh equity shares in the company via open market transactions, reducing shareholding to 3.65% from 5.66% earlier. (The stock is on the ban list). 

Mindtree: Down 6.34%. Dayapatra Nevatia has resigned from the position of Executive Director & Chief Operating Officer of the Company to pursue opportunities outside the Company. The Board of Directors of the Company has noted and accepted the resignation of Mr. Dayapatra Nevatia. His last working day will be January 3, 2022.

PNB Housing Finance: Down 4.99%. The Board of Directors of the Company is scheduled to meet on November 02, 2021, to consider and approve unaudited financial results for the quarter and half year ended September 30, 2021. It will also consider the issuance of non-convertible debentures on a private placement basis of Rs 2,000 crore.