MCX, KPIT Technologies to Nykaa - here are top buzzing stocks today

Key stock market indices were trading with a negative bias with with losses of more than half a per cent in the noon deals on Wednesday, November 10, 2021. At 12:04 pm, the S&P BSE Sensex was trading at a loss of 312.87 points or 0.52% at 60,120.58. The Nifty 50 index was trading 91.90 points or 0.51% down at 17,952.35. 

Here is the list of buzzing stocks around noon -

MCX: Up 6.25%. SEBI is considering allowing FPIs in the commodity market, sources aware of the development has informed Zee Business. A discussion will be held at a meeting of the Commodity Derivatives Advisory Committee scheduled to be held on November 15, 2021. SEBI is considering starting it with the non-Agri segment. Currently, only foreign investors who are engaged in export and import activities are allowed to trade in commodity derivatives.

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S H Kelkar: Up 6.51%. Firmenich Aromatics Production India bought 1.41 crore equity shares in the company at Rs 172.94/share. Blackstone Capital Partners Singapore VI FDI Two Pte Ltd sold 1.4 crore equity shares at Rs 173/share.

Aurobindo Pharma: Up 3.21%. The Company has received a communication from the USFDA classifying the inspection conducted at its Unit I (API) manufacturing facility in Hyderabad, India between August 2 to August 12, 2021, as Official Action Indicated (OAI), keeping the status unchanged. The Company believes that this inspection classification will not impact the continuing commercial supplies to the US market from this facility. The Company will be engaging with the regulator and is fully committed in resolving the status of this facility at the earliest. 

Prestige Estate: Down 2.41%. The real estate firm Prestige Group, reportedly, will develop a large warehousing portfolio, and has acquired multiple land parcels around Bengaluru. Due to the increasing demand from e-online commerce companies, the company will now expand into warehousing.

Some other buzzing stocks -  

KPIT Technologies: Up 8.49%

Graphite India: Up 7.96%

TCPL Packaging: Up 6.58%

Tube Investment: Up 3.17%

Devyani International: UP 2.68%

Indiabulls Housing: Up 5.93%

Tata Coffee: Up 2.10%

Welspun Corp: Up 2.26%

Dhani Services: Up 2.69%

Sugar Stocks: Sugar stocks like Dwarikesh Sugar – up 3.02%, Rana Sugars – up 2.69%, Avadh Sugar – up 4.06%, Triveni Engineering – up 4.98% and Balrampur Chini – up 1.68%

Auto Stocks: Moving up with Nifty Auto Index trading with a gain of 0.51%. Stocks like Mahindra & Mahindra - up 3.54%; TVS Motor - up 1.74%; Tata Motors - up 0.74%, Eicher Motors - up 0.46% and Hero MotoCorp - up 0.32% were trading with gains.  

Nykaa Listing & IPO Updates 

Nykaa Listing: The shares of FSN E-Commerce Ventures Ltd, the parent company of the online beauty e-commerce platform Nykaa, has made a strong debut on bourses today. Nykaa shares were listed at a premium of 79% at Rs 2,018 per share on NSE as against the issue price of Rs 1,125 per share.  

Earlier, Nykaa initial public offering (IPO) was subscribed 82 times on the last of the subscription on November 1, 2021. Of 2,64,85,479 shares on sale, bidding for whooping 2,16,58,63,836 shares or 81.78 times were made on the final day of the subscription.  

Paytm IPO: The initial public offering (IPO) of One 97 Communications Limited, the parent company of India's leading digital financial services company, Paytm, was subscribed 0.56 times by 11:56 pm at the BSE, on the last day of subscription. 

The Qualified Institutional Buyers (QIBs) portion of the public issue was subscribed 0.54 times, while the Non-Institutional Investors (NIIs) and Retail Individual Investors (RIIs) portions were subscribed 0.06 times and 1.38 times, respectively. The issue will come to a close on Wednesday, November 11, 2021. The company has fixed the price band at Rs 2,080-2,150 per share for the offer as it seeks to raise around Rs 18,300 crore from the issue. The bid lot size is 6 Equity Shares and in multiples thereof.

Sapphire Foods IPO: The initial public offering (IPO) of Sapphire Foods India Limited, a franchise operator of KFC and Pizza Hut restaurants, was subscribed 0.68 times by 11:56 pm at the BSE on Wednesday, the second day of subscription. 

The Qualified Institutional Buyers (QIBs) portion was subscribed 0.02 times, while the Non-Institutional Investors (NIIs) and Retail Individual Investors (RIIs) were subscribed 0.08 times and 3.59 times, respectively. Sapphire Foods has fixed the price band of the issue at Rs 1,120-1,180 per share as it seeks to raise up to Rs 2,073.25 crore through the issue. The issue will close on Thursday, November 11, 2021. Investors can bid for a minimum of 12 equity shares and in multiples of 12 shares thereafter.

Latent View Analytics Limited IPO: The initial public offering (IPO) of the data analytics company Latent View which opened for subscription was subscribed 2.32 times by 11:53 pm at BSE. The Qualified Institutional Buyers (QIBs) portion was subscribed 0.01 times, while the Non-Institutional Investors (NIIs) and Retail Individual Investors (RIIs) were subscribed 0.30 times and 12.50 times, respectively. 

The company has fixed the price band at Rs 190-197 per share as it seeks to raise Rs 600 crore from the initial share sale. The issue will come to a close on November 12, 2021. The bid lot size for the retail investors is 76 equity shares and in multiples thereafter, maximum up to 2 lakhs. The public issue comprises a fresh issue of up to Rs 474 crore and an Offer for Sale of up to Rs 126 crore.

Earnings Reactions 

HEG Ltd.: Up 10.63%. The manufacturer and exporter of graphite electrodes on Tuesday reported a standalone profit of Rs 113 crore for the quarter ended September 30, 2021, as against a net loss of Rs 33.91 crore it posted in the year-ago quarter. 

Its revenue from operations grew by 60% to Rs 517.56 crore from Rs 322.88 crore posted last year. EBITDA profit stood at Rs 141.93 crore in the reported quarter against an EBITDA loss of Rs 41.87 crore posted last year. It reported a positive margin of 27.4% in Q2FY22 as against a negative margin of 13% posted in Q2FY21.

Kennametal India Ltd: Up 8.12%. The machine industry company has reported a 115% YoY rise in the consolidated profit at Rs 28 crore for the quarter ended September 30, 2021, as against a profit of Rs 13 crore posted in a year-ago quarter. 

Sales grew by 20.8% to Rs 238 crore as against Rs 197 crore posted last year. EBITDA grew by 106% to Rs 36.9 crore as against Rs 17.9 crore posted last year. The margin improved to 15.5% in Q2FY22 from 9% posted in Q2FY21.   

Redington (India) Limited: Up 7.15%. The supply chain solution provider company has reported a 75.3% YoY rise in the consolidated profit at Rs 323.09 crore for the quarter ended September 30, 2021, as against a profit of Rs 184.34 crore posted in a year-ago quarter. 

Its revenue from operations grew by 11.1% to Rs 15,287 crore as against Rs 13,763 crore posted last year. EBITDA grew by 49.5% to Rs 431.74 crore as against Rs 288.82 crore posted last year. The margin improved to 2.8% in Q2FY22 from 2.1% posted in Q2FY21.  

Manali Petrochemicals: Up 4.97%. The petrochemical company has reported a 464% YoY rise in the consolidated profit at Rs 117.3 crore for the quarter ended September 30, 2021, as against a profit of Rs 20.8 crore it posted in the year-ago quarter. 

Its revenue from operations grew by 101% to Rs 436 crore as against Rs 216.7 crore posted last year. EBITDA grew 326.5% to Rs 158.9 crore against Rs 37.3 crore. The margin improved to 36.5% in Q2FY22 from 17.2% reported in Q2FY21.

AstraZeneca Pharma: Up 1.85%. Drug firm AstraZeneca Pharma India on Tuesday reported a 54.6% YoY decline in its net profit to Rs 11.95 crore for the quarter ended September 30, 2021, as against a profit of Rs 26.4 crore posted in the year-ago quarter. 

Its revenue from operations dropped by 5.6% to Rs 197.7 crore as against Rs 209.5 crore posted last year. EBITDA dropped by 49.9% to Rs 17.9 crore in the reported quarter as against Rs 35.8 crore posted last year. The margins contracted to 9.1% in Q2FY22 as against 17.1% posted in Q2FY21.

Marksans Pharma: Down 4.38%. The pharmaceutical company has reported an 8.8% YoY decline in the consolidated profit at Rs 46.3 crore for the quarter ended September 30, 2021, as against a profit of Rs 50.7 crore posted in the year-ago quarter. 

Its revenue from the operation rose 1.3% to Rs 361.2 crore as against Rs 356.5 crore posted last year. EBITDA declined 27.7% to Rs 60.1 crore as against Rs 83.2 crore posted last year. Margins dropped by 670 bps to 16.6% in Q2FY22 from 23.3% posted in Q2FY21.

BHEL: Down 5.89%. State-run engineering and manufacturing enterprise BHEL on Tuesday reported a narrowing of its losses on a standalone basis at Rs 67.5 crore for the quarter ended September 30, 2021, as against a net loss of Rs 556 crore in the year-ago quarter. 

Its revenue from operations grew 38.3% to Rs 5,112 crore in the period under consideration as against Rs 3,695 crore posted last year. It incurred an EBITDA loss of Rs 29.2 crore in the September 2021 quarter as against an EBIDTA loss of Rs 632.5 crore posted in the September 2020 quarter.

Amrutanjan Healthcare: Down 1.44%. The pharmaceutical company on Tuesday reported a 16% YoY decline in the consolidated profit at Rs 19.84 crore for the quarter ended September 30, 2021, as against a profit of Rs 23.54 crore it posted in the year-ago quarter. 

Its revenue from operations grew 20% YoY to Rs 110.38 crore as against Rs 92.11 crore posted last year. EBITDA fell by 19% to Rs 22.87 crore from Rs 28.26 crore posted last year. The margin contracted to 20.7% in Q2FY22 from 30.7% posted in Q2FY21. Besides, the company has declared an interim dividend of Rs 1 per share.

CreditAccess Grameen: Down 2.83%. Kolkata: Microfinance company CreditAccess Grameen on Tuesday reported a 25% YoY drop in the consolidated net profit of Rs 59.7 crore for the quarter ended September 30, 2021,  as against a profit of Rs 79.6 crore posted in the year-ago quarter as the lender went for higher provisioning to cover bad loans. 

Its net interest income (NII) grew by 11.5% to Rs 368.9 crore as against Rs 330.9 crore posted last year. Net interest margin (NIM) remained flat at 11.2%. CreditAccess Grameen's gross NPA rose to 7.67% against 7.56% reported in the previous quarter ended June 30, 2021. GLP grew by 19.2% YoY from Rs 11,183 crore to Rs 13,333 crore.

Godrej Agrovet Ltd: Down 1.53%. Agribusiness company has reported a 3% YoY decline in the consolidated profit at Rs 112 crore for the quarter ended September 30, 2021, as against a profit of Rs 116 crore posted in the year-ago quarter. 

Sales grew by 24.9% to Rs 2,154 crore as against Rs 1,724 crore posted last year. The EBITDA fell 28% to Rs 190 crore as against Rs 264 crore posted in September 2020 quarter. Its margin contracted to 8.8% in Q2FY22 from 15% posted in Q2FY21.

Hindustan Copper: Down 1.58%. The state-owned mining company has reported a 655.5% YoY rise in the consolidated profit at Rs 68 crore for the quarter ended September 30, 2021, as against a profit of Rs 9 crore it posted in the year-ago quarter. 

Its sales grew by 57% to Rs 464 crore as against Rs 295 crore posted last year. EBITDA grew 40.7% to Rs 107 crore against Rs 76 crore. The margin dropped to 23% in Q2FY22 from 25.7% reported in Q2FY21.

Mangalore Chemicals & Fertilizers: Down 2.71%. The chemical manufacturer has reported a 29% decline in the consolidated profit at Rs 29 crore for the quarter ended September 30, 2021, as against a profit of Rs 41 crore it posted in the year-ago quarter. Its sales grew by 5.6% to Rs 728 crore as against Rs 689 crore posted last year. EBITDA dropped by 25% to Rs 66 crore against Rs 88 crore. The margin contracted to 9% in Q2FY22 from 12.7% reported in Q2FY21.

OnMobile: Down 2.76%. The telecommunications company has reported an 83.5% YoY decline in the consolidated profit at Rs 2.7 crore for the quarter ended September 30, 2021, as against a profit of Rs 16.4 crore posted in the year-ago quarter. 

Its revenue from operations dropped by 1.27% to Rs 130.4 crore as against Rs 128.8 crore posted last year. EBITDA fell 37.1% to Rs 9 crore against Rs 14.3 crore posted last year. The margin contracted to 6.9% in Q2FY22 from 11.1% reported in Q2FY21. The company has incurred an exceptional loss of Rs 1.6 crore in the reported quarter against an exceptional profit of Rs 7.3 crore. 

Petronet LNG: Down 0.93%. India's biggest liquefied natural gas importer on Tuesday reported a 29.5% QoQ rise in the standalone profit at Rs 823 crore for the quarter ended September 30, 2021, as against a profit of Rs 635.7 crore it posted in the previous quarter ended June 20, 2021. 

Its revenue from operations grew 25.8% to Rs 10,813.1 crore as against Rs 8,597.9 crore posted in the previous quarter. EBITDA grew 23% to Rs 1,296.9 crore in the September 2021 quarter as against Rs 1,054.3 crore posted in June 2021 quarter. 

Its margin dropped slightly to 12% in Q2FY22 from 12.3% posted in Q1FY22. Besides, the board has recommended a special dividend of Rs 7 per share and fixed November 19, 2021, as the record date for the dividend.