Linde India, Speciality Restaurants to Speciality Restaurants - here are the top Buzzing Stocks today

Key equity benchmarks, Sensex and Nifty 50 bounced back to trade in the positive territory in the noon deals of Monday, February 21, 2022. At 1:09 pm, the S&P BSE Sensex was trading at a gain of 240.17 points or 0.42% at 58,073.14 while Nifty 50 gained 51.10 points or 0.30% to trade at 17,327.40. Meanwhile, certain stocks were in action in either direction based on reports linked to them. Here is a list of some of such stocks:

Buzzing Stocks

Linde India: Up 7.50%.

Speciality Restaurants: Up 8.74%.

Umang Dairies: Up 3.80%.

Vadilal Industries: Up 3.05%.

JBM Auto: Up 5%.

MHRIL: Up 4.20%.

Vodafone Idea: Up 4.69%.

Dixon Technologies: Up 2.64%.

Blue Star: Up 1.52%.

Power Grid: Up 1.23%.

Tata Motors: Up 1%.

Federal-Mogul: Up 10.20%.

MM Forgings: Up 3.17%.

SpiceJet: Up 2.73%.

Coforge: Up 3.21%.

Mindtree: Up 1.45%.

63 Moons: Up 1.37%.

Equitas Holdings: Up 1.74%.

Info Edge: Up 1.39%.

Shree Cement: Up 2.10%.

Bigbloc Construction: Up 4.22%.

IndiaMART: Up 1.05%. The stock recovered from an intraday low of Rs 4.640 per share, down 3.44%, to trade 1.05% higher at Rs 4,885.90 per share.

Banking Stocks: On a move. Stocks like Federal Bank - up 3.68%; IndusInd Bank - up 1.18%; ICICI Bank - up 1.67% and HDFC Bank - up 0.90% were trading with decent gains.  

Chemical Stocks: On a move. Stocks like Neogen Chemical - up 1.99%; Orient Abrasives - up 1.75% and Navin Fluorine - up 1.31%- were trading with decent gains.  

Hotel Stocks: On a move. Stocks like Mahindra Holidays - up 3.55%; Kamat Hotels - up 2.96%; Taj GVK - up 2.46%; Advani Hotels - up 3.53%; Lemon Tree Hotels - up 2.36%; Chalet Hotels - up 11.97% and ITDC - up 1% were trading with decent gains.  

Realty Stocks: On a move. Stocks like Phoenix Mills - up 1.43%. ; Oberoi Realty - Up 1.29% and Godrej Properties - Up 1.01%; were trading with decent gains.

Declining Stocks

UTI AMC: Down 3.04%.

Sundaram Finance: Down 2.47%.

TCS: Down 1.61%.

Sun Pharma: Down 1.15%.

Divi's Laboratories: Down 1.48%.

ONGC: Down 2.29%.

Indiabulls Real Estate: Down 5.12%

Radico Khaitan: Down 1.57%

Agri Stocks: Under Pressure. Stocks like UPL - down 1.93%; Shakti Pumps - down 2.52%; Avanti Feeds - down 1.66%; Aries Agro - down 1.38% and Dhanuka Agritech - down 0.89% were trading in the negative territory.

Auto Ancillary Stocks: Under Pressure. Stocks like Gabriel India - down 3.27%; Minda Industries - down 2.99%; Craftsman Automation - down 2.42% and FIEM India - down 2.18% were trading in the negative territory.

Metal & Mining Stocks: Under Pressure. Stocks like Welspun Corp - down 2.89%; Hindustan Copper - down 2.64%; Ratnamani Metals - down 1.07% and Hindalco - down 1.95%were trading in the negative territory.

MidCap IT Stocks: Under Pressure. Stocks like Birlasoft - down 2.79%; FSL - down 1.57%; LTTS - down 1.40% were trading in the negative territory.

SEBI On New Age IPOs (Recent IPOs)

Fino Payments: Down 4.17%.

Sapphire Foods: Down 4.83%.

Burger King: Down 8.50%.

Latent View Analytics: Down 3.68%.

Adani Wilmar: Down 4.15%.

RateGain Travel: Down 3.84%.

Data Patterns: Down 3.41%.

AGS Transact: Down 3.26%.

Vedant Fashions: Down 2.84%.

Go Fashion India: Down 2.73%.

NYKAA: Down 3.80%.

MapMyIndia: Down 2.74%.

Market regulator Securities and Exchange Board of India (Sebi) has proposed tightening disclosure standards for new-age companies that plan to float initial public offerings (IPOs). According to a discussion paper floated by Sebi on Friday, such companies will have to disclose more details pertaining to how they arrived upon the offer price for their IPOs. 

The 'Key Performance Indicators' will also have to be mentioned for the issue price. Information will have to be given in the DRHP of IPO of loss-making companies. Key performance indicators to be given 3 years before IPO application. They will also have to provide disclosures about their valuations based on the issuance of new shares and acquisition of shares in the past 18 months before filing draft offer documents. SEBI issued a draft of proposals in its discussion paper on Friday and has set a March 5, 2022, deadline for the public to give their comments.

Stocks at 52-week Low

VGuard: Down 1.92%. Meanwhile, the stock stuck the 52-week low of Rs 202.45 per share earlier in the intraday trade today.

NCC: Down 1.15%. Meanwhile, the stock stuck the 52-week low of Rs 62.50 per share earlier in the intraday trade today.

Engineers India: Down 2.23%. Meanwhile, the stock stuck the 52-week low of Rs 62.90 per share earlier in the intraday trade today.

Jubilant Pharmova: Down 1.48%. Meanwhile, the stock stuck the 52-week low of Rs 430.30 per share earlier in the intraday trade today.

Valiant Organic: Down 3.82%. Meanwhile, the stock stuck the lifetime low of Rs 913.95 per share earlier in the intraday trade today.

Stocks in News

Hinduja Global Solutions (HGS): Up 2.17%. The company has announced that its subsidiary HGS UK Limited has been selected by the UK Health Security Agency (UKHSA) to provide critical customer support to UK citizens for an initial period of two years, with an option to extend further. The partnership is already underway having launched earlier last week, and the contract could be worth up to £211 million (Rs 2,100 crores) across the term of the contract, employing over 2,000 Work@Home positions across the UK.

Kalpataru Power (up 2.24%) / JMC Projects (down 0.59%): The Board of Directors of Kalpataru Power Transmission Ltd. (KPTL) and JMC Projects (India) Ltd. (JMC) in their respective meetings held on Saturday have approved the scheme of amalgamation which inter alia provides for the merger of JMC with KPTL (Scheme). The merger will accelerate growth and enhance value creation for all stakeholders. Pursuant to the Scheme, JMC’s shareholders (other than KPTL) will be allotted one share of KPTL against every four shares held by them in JMC.

Equitas Small Finance Bank: Up 5.34%. The Merger Committee of the Board of Directors of the Bank ('Committee') has approved the allotment of 10,26,31,087 Equity Shares of face value Rs 10 each to eligible Qualified Institutional Buyers at the issue price of Rs 53.59 per Equity Share (including a premium of Rs. 43.59 per Equity Share) and reflects a discount of Rs. 2.81 (i.e. 4.98%) on the Floor Price of Rs. 56.40 per Equity Share, aggregating to Rs. 5,499,999,952.33 only, pursuant to the Issue.

GMDC: UP 4.58%. Gujarat Mineral Development Corporation (GMDC) has received an amendment to its environment clearance from the Union Ministry of Environment and Forest to mining up to a depth of 135 meters from its earlier approved depth of 94 meters at the Tadkeshwar, Lignite Mines.

Federal Bank: Up 3.68%. Fedbank Financial Services Limited (FedFina) has filed its Draft Red Herring Prospectus (DRHP) with SEBI for the proposed Initial Public Offering (IPO) of its equity shares on February 19, 2022. FedFina is proposing to undertake an initial public offering of equity shares of the face value of Rs 10 each of FedFina ("Equity Shares" and such offering, the Offer), comprising a fresh issue of Equity Shares by FedFina aggregating up to Rs 900 crore (the Fresh Issue) and an offer for sale of up to 1,64,97,973 Equity Shares by the Bank and up to 2,92,16,313 Equity Shares by True North Fund VI LLP. Federal Bank holds approx a 73% stake in the company. 

InterGlobe Aviation: Down 1.92%. Mr. Rakesh Gangwal, Non-Executive, Non-Independent Director has tendered his resignation from the Board of Directors of the Company vide his letter dated February 18, 2022, with immediate effect. He will reduce his equity stakes in the company over the next five-plus years. Rakesh Gangwal currently holds 14.65% stakes in the company. However, any plan, future events of the company may impact Mr Gangwal's decision.

Hatsun Agro Products Ltd: Down 2.01%. The Board of Directors of the company have approved investing in the paid-up Equity Share Capital of FP Cygnus Private Limited and Huoban Energy 7 Private Limited not exceeding 26% of the paid-up Equity Share Capital of the above said Companies to consume the Solar Energy captively for the Company’s Plants situate in the States of Karnataka and Maharashtra respectively. Also, the Milk Products Plant in Uthiyur, Kangeyam Taluk, Dharapuram, Tamil Nadu with a capacity of 1 Lakh kg per day is expected to commence commercial production in March 2022. Besides, in the Cattle Feed Plant at Sangola, Maharashtra, trial production for an additional capacity of 3000 MT per month has started and the commercial production is expected to commence by the end of February 2022. The existing capacity of production stands at 2500 MT per month. Also, the company has completed the purchase of lands at Devarapalli Village and Mandal, West Godavari District, Andhra Pradesh for the proposed setting up of a Milk and Milk products Plant with a capacity of 3 LLPD at an estimated Capital outlay of Rs 100 crores. In addition, the company has decided to discontinue the Ready to Eat (“RTE”) business of the company with immediate effect. The business consisted of Pizza. Pasta etc., which were manufactured and sold under the brand name “Oyalo”. The business was affected mainly due to the COVID-19 pandemic for the last 2 years.

MOIL:  Down 2.80%. Promoter offloaded 1.9 crore shares (0.1% stakes) of the company on February 18, 2022