The key equity barometers continued to trade with deep cuts in early noon deals of Monday, February 14, 2022, mirroring the weakness in their Asian peers. The Nifty was struggling to hold above the crucial 17,000 mark. Auto stocks declined for the third consecutive session. At 1:04 pm, the barometer index S&P BSE Sensex was trading at a loss of 1,227.98 points or 2.11% at 56,924.94. The Nifty 50 index was 374.05 points or 2.15% down and was trading at 17,000.70. Meanwhile, certain stocks were in action in either direction based on reports linked to them. Here is a list of some of such stocks:

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Buzzing Stocks

  • Mirza International: Up 14.45%.
  • Uflex: Up 12.27%.
  • MSTC: Up 2.84%.
  • JB Chemicals: Up 2.86%.
  • Sharda Cropchem: Up 2.68%.
  • Gujarat Gas: Up 1.18%.
  • Cummins: Up 2.57%.
  • Kaveri Seed: Up 2.70%.
  • Ineos Styrolution: Up 1.39%.
  • Vadilal Industries: Up 1.97%.
  • Ultramarine Pigments: Up 2.94%.
  • Coastal Corporation: Up 3.20%.
  • Lemon Tree Hotels: Up 2.38%.
  • Khadim India: Up 2.29%.
  • Mahindra Lifespaces: Up 2.98%.
  • Pharma Sector: On a move. Stocks like Sequent Scientific - up 8.82%; Neuland Laboratories - up 2.95%; Solara Active - up 1.77% and Eris Lifesciences Ltd - up 1.87%were trading with gains.
  • Health Sector Stocks: On a move. Stocks like Fortis Healthcare - up 2.55%; Lotus Eye Hospital - up 2.86%; and Apollo Hospitals - up 1% were trading with gains.

Declining Stocks

  • KRBL: Down 10.21%.
  • Himatsingka Seide: Down 6.10%.
  • Shree Cement: Down 2.84%.
  • Bajaj Finserv: Down 2.18%.
  • Bajaj Finance: Down 1.81%.
  • Reliance Industries: Down 1.37%.
  • L&T: Down 2.60%.
  • Ultratech Cement: Down 2.50%.
  • Auto Stocks: Falling. Stocks like Tata Motors - down 3.18%; Maruti Suzuki - down 2.81%; M&M - down 2.52%; Hero MotoCorp - down 2.30%; Eicher Motor - down 1.33% and Bajaj Auto - down 1.31% were trading in the negative territory.
  • PSU Banks: Falling. Stocks like J&K Bank - down 5.90%; Union Bank - down 4.32%; PNB - down 4.03%; SBI - down 3.75%; Bank of Baroda - down 3.65%; Canara Bank - down 3.64% and Indian Bank - down 3.23% were trading in the negative territory. CBI registers FIR against ABG Shipyard and company director. On Saturday, the Central Bureau of Investigation (CBI) filed a case against ABG Shipyard, one of India’s largest private sector shipyard firms, and its then chairman and managing director Rishi Agarwal, and others for allegedly defrauding 28 banks of Rs 22,842 crore.
  • Private Banks: Falling. Stocks like Federal Bank - down 4.81%; IDFC First Bank - down 3.6%; ICICI Bank - down 3.58%; IndusInd Bank - down 3.30%; Kotak Mahindra Bank - down 2.86% and Axis Bank - down 2.71% were trading in the negative territory.
  • Financial Services Stocks: Falling. Stocks like HDFC Life - down 5.47%; Piramal Enterprises - down 4.35%; ICICI General Insurance - down 4.29%; Shriram Transport Finance Company - down 3.93% and HDFC - down 3.85% were trading in the negative territory.
  • Oil and Gas Stocks: Falling. Stocks like MRPL - down 3.70%; Hindustan Petroleum - down 2.24%; Castrol India - down 2.20%; IOC - down 1.97% and IGL - down 1.86% were trading in the negative territory.
  • Metal Stocks: Falling. Stocks like APL Apollo - down 7.04%; JSW Steel - down 5.57%; Hindustan Copper - down 4.93%; Welspun Corp - down 4.57%; Jindal Steel - down 3.67%; Tata Steel - down 3.35%; SAIL - down 3.05% and Hindalco - down 2.16% were trading in the negative territory.
  • FMCG Stocks: Falling. Stocks like Radico Khaitan - down 3.03%; Godrej Consumer - down 2.26%; United Spirits - down 2.06%; Colgate - down 2%; ITC - down 1.98; Hindustan Unilever - down 1.80% and Britannia - down 1.80% were trading in negative territory. India has extended the deadline for reduced import duty on edible oil till September 30, 2022. The deadline for a reduction in import duty was ending on March 31, 2022. Duty on crude palm oil also decreased.

- Crude Palm Oil (CPO) Old Net Duty:8.25% (Rs.8411 ton) 

- New Net Duty: 5.50%(Rs.5607 Ton) 

- CPO Duty down by Rs.2.80 kg  

However, import duty on lentils was abolished. Right now the duty was 10%. The government is trying to reduce the price of oil and pulses.

Stocks at Lifetime Lows

  • Indigo Paints: Down 1.48%. Meanwhile, the stock touched the lifetime low of Rs 1,885 per share at NSE earlier in the intraday trade today. Currently, trading at Rs 1,905.
  • Zomato: Down 6.14%. Meanwhile, the stock touched the lifetime low of Rs 82.45 per share at NSE earlier in the intraday trade today. Currently, trading at Rs 83.25.

Stocks at 52 week low:  

  • Mahindra Logistics: Down 5.18%. Meanwhile, the stock touched the lifetime low of Rs 460.60 per share at NSE earlier in the intraday trade today.
  • Supreme Industries: Down 3.62%. Meanwhile, the stock touched the lifetime low of Rs 1872.60 per share at NSE earlier in the intraday trade today.
  • Ramco Systems: Down 7.42%. Meanwhile, the stock touched the lifetime low of Rs 345 per share at NSE earlier in the intraday trade today.
  • MRF: Down 2.43%. Meanwhile, the stock touched the lifetime low of Rs 65,708 per share at NSE earlier in the intraday trade today.
  • CEAT: Down 2.778%. Meanwhile, the stock touched the lifetime low of Rs 1,021 per share at NSE earlier in the intraday trade today.
  • HDFC Life: Down 5.47%. Meanwhile, the stock touched the lifetime low of Rs 560.75 per share at NSE earlier in the intraday trade today.
  • HDFC: Down 3.85%. Meanwhile, the stock touched the lifetime low of Rs 1,473.25 per share at NSE earlier in the intraday trade today.
  • Gujarat Pipavav: Down 2.35%. Meanwhile, the stock touched the lifetime low of Rs 90.05 per share at NSE earlier in the intraday trade today.
  • Cochin Shipyard: Down 1.90%. Meanwhile, the stock touched the lifetime low of Rs 321.30 per share at NSE earlier in the intraday trade today.
  • Bayer Corp: Down 1.13%. Meanwhile, the stock touched the lifetime low of Rs 4,501.50 per share at NSE earlier in the intraday trade today.
  • Huhtamaki PPL: Down 3.38%. Meanwhile, the stock touched the lifetime low of Rs 188.55 per share at NSE earlier in the intraday trade today.
  • Kansai Nerolac: Down 5.34%. Meanwhile, the stock touched the lifetime low of Rs 470.50 per share at NSE earlier in the intraday trade today.
  • IGL: Down 1.86%. Meanwhile, the stock touched the lifetime low of Rs 371.55 per share at NSE earlier in the intraday trade today.
  • MGL: Down 0.95%. Meanwhile, the stock touched the lifetime low of Rs 763.65 per share at NSE earlier in the intraday trade today.
  • MCX: Down 1.23%. Meanwhile, the stock touched the lifetime low of Rs 1.366.65 per share at NSE earlier in the intraday trade today.
  • Ujjivan Financial: Down 1.74%. Meanwhile, the stock touched the lifetime low of Rs 118.55 per share at NSE earlier in the intraday trade today.
  • Lupin: Down 3.52%. Meanwhile, the stock touched the lifetime low of Rs 768.50 per share at NSE earlier in the intraday trade today.
  • VGuard: Down 1.85%. Meanwhile, the stock touched the lifetime low of Rs 210.05 per share at NSE earlier in the intraday trade today.
  • Bajaj Consumers: Down 1.74%. Meanwhile, the stock touched the lifetime low of Rs 167.15 per share at NSE earlier in the intraday trade today.
  • Gillette: Down 1.89%. Meanwhile, the stock touched the lifetime low of Rs 4,975 per share at NSE earlier in the intraday trade today.
  • Whirlpool: Down 2.15%. Meanwhile, the stock touched the lifetime low of Rs 1,680.05 per share at NSE earlier in the intraday trade today.

Reactions on Q3FY22 Earnings

  • Ashok Leyland: Down 5.71%. Hinduja Group flagship Ashok Leyland has reported a standalone net profit at Rs 6 crore for the third quarter ended December 31, 2021, compared to a loss of Rs 19 crore posted in the year-ago quarter. Revenue from operations on a standalone basis rose 15% YoY to Rs 5,535 crore for the period under consideration compared to Rs 4,814 crore posted last year. EBITDA stood at Rs 224 crore, down 11.8% YoY from Rs 254 crore posted last year. EBITDA margin dropped to 4% in Q3FY22 against 5.3% posted in Q3FY21. Adjusted profit after tax (PAT) declined 77.8% YoY to Rs 6 crore in the quarter under consideration against Rs 27 crore posted last year. Besides, the Board of Directors has approved the issuance of secured, rated, listed, Redeemable Non-Convertible Debentures aggregating upto Rs 250 crores on a private placement basis in one or more tranches/series. 
  • Honeywell Automation: Down 4.95%. The provider of integrated automation and software solutions has reported a 40% YoY decline in the consolidated profit at Rs 90 crore for the quarter ended December 31, 2021, compared to Rs 150 crore posted in the year-ago quarter. Revenue from operations fell 1.6% YoY to Rs 860 crore in the quarter under consideration compared to Rs 874 crore posted last year. EBITDA fell 34.8% YoY to Rs 122 crore compared to Rs 187 crore posted last year. The company EBITDA margin contracted to 14.2% in Q3FY22 from 21.4% posted in Q3FY21. 
  • Voltas: Down 1.38%. The home appliance company has reported a 25% YoY decline in the consolidated profit at Rs 96 crore for the quarter ended December 31, 2021, compared to Rs 128 crore posted in the year-ago quarter. Revenue from operations fell 10% YoY to Rs 1,794 crore compared to Rs 1,995 crore posted last year. EBITDA stood at Ra 156 crore, up 6.12% YoY from Rs 147 crore posted last year. The margin improved to 8.7% in Q3FY22 against 7% posted in Q3FY21.  
  • Hindustan Copper: Down 4.93%. State-owned vertically integrated copper producing company has reported a 59% YoY rise in the standalone profit at Rs 172 crore for the quarter ended December 31, 2021, compared to Rs 108 crore posted in the year-ago quarter. Revenue from operations rose 1% to Rs 544 crore compared to Rs 538 crore posted last year. The company's EBITDA stood at Rs 131 crore, down 40% YoY from Rs 217 crore posted last year. The margin fell 24% in Q3FY22 against 40% posted in Q3FY21. The lower depreciation, Finance cost and tax expense has boosted the PAT of the company.  
  • Muthoot Finance: Down 3.16%. The largest gold loan NBFC in India Muthoot Finance has reported a rise of 4% in its consolidated net profit at Rs 1,029 crore in the quarter ended December 2021, compared to Rs 991 crore posted in the year-ago quarter. The company's total income grew 5.7% YoY to Rs 2,872 crore in the period under consideration compared to Rs 2,717 crore posted last year. Gross Stage 3 stood at 3.82% on Q3FY22 against 1.85% posted in Q2FY22. 
  • Allcargo Logistics Ltd.: Down 1.76%. The Indian logistics company has reported 24 times YoY rise in the consolidated profit at Rs 334 crore for the quarter ended December 31, 2021, compared to Rs 14 crore posted in the year-ago quarter. Revenue from operations grew 114% YoY to Rs 5,869 crore in the quarter under consideration compared to Rs 2,735 crore posted last year. EBITDA grew 241% YoY to Rs 505 crore in the December 2021 quarter against Rs 148 crore posted last year. The margin grew to 9% in Q3FY22 against 5% posted in Q3FY21. 
  • Anupam Rasayan India Ltd: Down 2.34%. The chemical manufacturing company has reported an 81% YoY rise in the consolidated profit at Rs 38 crore for the quarter ended December 31, 2021, compared to Rs 21 crore posted in the year-ago quarter. Revenue from operations rose 45% YoY to Rs 266 crore against Rs 184 crore posted last year. EBITDA grew 41% YoY to Rs 75 crore in the December 2021 quarter against Rs 53 crore posted last year. The margin fell to 28% in Q3FY22 against 29% posted in Q3FY21. 
  • Mrs. Bectors Food Specialities Ltd.: Down 3.69%. Cookie and cracker manufacturing company has reported a 24% YoY decline in the consolidated profit at Rs 16 crore for the quarter ended December 31, 2021, compared to Rs 21 crore in the year-ago quarter. Revenue from operations rose 16% YoY to Rs 263 crore compared to Rs 226 crore posted last year. EBITDA dell 18% YoY to Rs 33 crore in the reported quarter against Rs 40 crore posted last year. The margin dropped to 13% in Q3FY22 against 18% posted in Q3FY21.
  • Force Motors: Down 3.50%. The fully vertically integrated automobile company's consolidated profit has widened to Rs 43 crore in the quarter ended December 31, 2021, compared to Rs 19 crore posted in the year-ago quarter. Revenue from operations grew 56.9% YoY to Rs 778 crore against Rs 496 crore posted last year. The company has reported an EBITDA loss of Rs 11.5 crore against an EBITDA profit of Rs 34 crore posted last year. 
  • Kalpataru Power Transmission Ltd.: Down 2.13%. The leading global EPC player in the power transmission and infrastructure contracting sector Kalpataru Power Transmission has reported a 15.9% YoY decline in the consolidated profit at Rs 259 crore for the quarter ended December 31, 2021, compared to Rs 308 crore posted in the year-ago quarter. Revenue from operations grew 11.1% YoY to Rs 3,889 crore against Rs 3,501 crore posted last year. EBITDA fell 18% YoY to Rs 318 crore from Rs 388 crore. The margins dropped to 8.2% in Q3FY22 against 11.1% posted in Q3FY21.
  • Dhampur Sugar Mills: Down 4.04%. Sugarcane mills company has reported a 34% YoY rise in the consolidated profit at Rs 75.71 crore for the quarter ended December 31, 2021, compared to Rs 56.51 crore posted in the year-ago quarter. Revenue from operations fell 13.1% YoY to Rs 963.29 crore compared to Rs 1,108.82 crore posted last year. EBITDA grew 23% YoY to Rs 135.76 crore compared to Rs 1,108.82 crore posted last year. The margin grew to 14.09% in Q3FY22 against 9.92% posted in Q3FY21. 
  • Nazara Technologies Ltd.: Down 4.41%. Leading India based diversified gaming and sports media platform has reported a 17% YoY decline in the consolidated profit at Rs 8.5 crore for the quarter ended December 31, 2021, compared to Rs 10.2 crore posted in the year-ago quarter. Revenue from operations grew 4.42% YoY to Rs 185 crore compared to Rs 130.4 crore posted last year. EBITDA grew 15% YoY to Rs 20.1 crore from Rs 25.3% posted last year. The margin declined to 16% in Q3FY22 against 19% posted in Q3FY21. 
  • Mazagon Dock: Down 1.01%. The manufacturer of warships and submarines for the Indian Navy and offshore platforms has reported a 52% YoY rise in the consolidated profit at Rs 215 crore for the quarter ended December 31, 2021, compared to Rs 141.37 crore posted in the year-ago quarter. Revenue from operations grew 6.3% YoY to Rs 1,552.5 crore in the period under consideration against Rs 1,461.09 crore posted last year. EBITDA rose 119% YoY to Rs 201.96 crore against Rs 92.25 crore posted last year. The margin grew to 13.01% in Q3FY22 against 6.31% posted in Q3FY21. 

Stocks in News

  • TCS: Up 1%. Tata Consultancy Services has fixed February 23, 2022, as the record date for determining the entitlement of equity shareholders who will be eligible to participate in its Rs 18,000 crore buyback. 
  • ICICI Prudential (down 3%) + SBI Life (down 2.28%) + HDFC Life (down 5.10%) + CDSL (down 2.53%) + BSE (down 2.70%): LIC has filed Draft Red Herring Prospectus with SEBI, seeking approval for its Initial Public Offering, IPO. As per the DRHP, the IPO consists of an offer for sale (OFS) of up to 31.6 crore shares by the government of India representing five per cent equity. The IPO is a 100 per cent offer for sale by the government of India and no fresh issue of shares by LIC. The embedded value of LIC is around Rs 5.4 lakh crore. The reserved quota for employees can be up to a maximum of 5% while for the policyholders it can be up to a maximum of 10%. The insurance giant has reserved up to 35% of the issue size for retail investors. 
  • LIC Housing (down 6.75%) + IDBI Bank (down 2.83%): Any of the two companies will have to stop doing housing finance business by November 2023 as both companies are a subsidiary of the Life Insurance Corporation (LIC). The Reserve Bank of India’s (RBI’s), while approving the insurance behemoth’s takeover of the public sector lender IDBI Bank, put forth conditions where it said either of the subsidiaries will have to wind down its home loan business in the next 20 months. IRCTC: Down 2.42%. The Indian Railway Catering and Tourism Corporation Limited (IRCTC) has decided to resume cooked food on all trains from today, i.e., February 14, 2022. IRCTC in a statement said the restoration of cooked food has been done as per guidelines received from Railway Board. It said, cooked food has already been restored in 428 trains and, of the total number of trains, cooked food had already been restored in 30% by December last year and 80% in January this year and the remaining 20 per cent will be restored by Monday.
  • Asian Energy Services Ltd: Down 1%. Asian Joint Venture receives LOA for Hura CHP worth Rs 128 Crores from Eastern Coalfields Limited.

Fund Action 

  • TVS Motors: Down 1.42%. SUNDARAM CLAYTON LIMITED sells 95 lakh shares at Rs 635.97 per share.
  • PB Fintech: Down 1.67%. Alok Bansal ( Executive Director ) sells 28.58 lakh shares at Rs 825 per share. 
  • Satin Credit: Down 4.90%. GMO Emerging Illiquid Mauritius fund buys 4,41,867 shares at Rs 100 per share.
  • Stove Kraft: Down 2.95%. EAM Emerging Market Small-cap fund LP sells 1,66,000 shares at Rs 663.28 per share.