MRPL, Diagnostic Stocks to Petro Products Stocks - here are the top Buzzing Stocks today

Indian benchmarks, S&P BSE Sensex and Nifty 50 were trading with modest gains in the noon deals of Wednesday, April 20, 2022. At 1:11 pm, the S&P BSE Sensex was trading 650.24 points or 1.15% higher at 57,113.39 while the Nifty 50 index was 203.20 points or 1.20% up at 17,161.85. 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

• MRPL: Up 11.54%.
• Insecticides India: Up 4.12%.
• Sunflag Iron: Up 5.91%.
• NHPC: Up 2.08%.
• Coal India: UP 1.21%. Meanwhile, the stock hit its 52-week high at Rs 205.55 per share earlier in the intraday trade today.
• NLC India: Up 2.83%.
• Hindustan Zinc: Up 1.77%.
• IndusInd Bank: Up 1.47%.
• Cement Stocks: On a move. Stocks like ACC - up 5.80%; Ambuja Cement - up 3.03%; Mangalam Cement - up 3.02%; UltraTech Cement - up 2.39%; Shree Cement - up 2.34%; Ramco Cement - up 2.03% and Dalmia Bharat - up 2.05% were trading with decent gains.
• Financial Services Stocks: On a move. Stocks like ICICI Prudential - up 1.84%; ICICI Lombard - up 1.73%; HDFC - up 1.58%; HDFC Life - up 1.56% and HDFC Bank - up 0.92% were trading with decent gains.
• Auto Stocks: On a move. Stocks like Maruti Suzuki - up 2.82%; Tata Motors - up 2.40%; Eicher Motors - up 2.37%; Ashok Leyland - up 2.21%; TVS Motor - up 2.01%; M&M - up 1.43% and Bajaj Auto - up 1.09% were trading with decent gains.
• FMCG Stocks: On a move. Stocks like Godrej Consumers - up 2.54%; Varun Beverages - up 2.27%; Nestle India - up 2.12%; Hindustan Unilever - up 1.98%; Tata Consumer - up 1.83%; UBL - up 1.81%; Britannia - up 1.63% and Colgate - up 1.17% were trading with decent gains.
• IT Stocks: On a move. Stocks like Mphasis - up 2.59%; TCS - up 2.52%; Mindtree - up 1.97%; Infosys - up 1.63%; Wipro - up 1.62% and HCL Technologies - up 1.11% were trading with decent gains.
• Metal Stocks: On a move. Stocks like Hindustan Zinc - up 1.57%; Welspun Corp - up 1.21%; Hindalco - up 1.10% and NMDC - up 1% were trading with decent gains.
• Pharma Stocks: On a move. Stocks like Biocon - up 3.67%; Dr Reddy's - up 2.29%; Lupin - up 2.10%; Laurus Labs - up 2.06%; Aurobindo Pharma - up 1.83%; Gland Pharma - up 1.68% and APL Ltd. - up 1.57% were trading with decent gains.
• Realty Stocks: On a move. Stocks like Phoenix Mills - up 5.10%; Sunteck Realty - up 4.38%; Indiabulls Realty - up 2.37%; Oberoi Realty - up 1.62% and Godrej Properties - up 1.34% were trading with decent gains.
• Diagnostics Stocks: On a move. Stocks like Krsnaa Diagnostics - up 7.41%; Vijaya Diagnostic - up 8.21%; Vinati Organics - up 6.44%; Lal Path Labs - up 2.69%; Metropolis - up 1.89%; Syngene - up 1.71%; Zydus Life - up 1.57% and Torrent Pharma - up 1.56% were trading with decent gains.
• Consumer Durables Stocks: On a move. Stocks like Blue Star - up 1.94%; Whirlpool - up 1.76%; Relaxo - up 1.75%; Titan - up 1.75%; Bata India - up 1.22% and Crompton Greaves - up 1.20% were trading with decent gains.
• Oil & Gas Stocks: On a move. Stocks like BPCL - up 3.10%; Reliance - up 2.54%; Hindustan Petroleum - up 1.93%; IOC - up 1.65%; GSPL - up 1.57% and Oil India - up 1.50% were trading with decent gains.
• Petro Products Stocks: On a move. Stocks like Chennai Petroleum - up 12.05%; TamilNadu Petroproducts - up 5.62%; GP Petroleum - up 5.57%; Andhra Petrochemicals - up 5.11% and IG Petrochemicals - up 1.90% were trading with decent gains.
• Rice Stocks: On a move. Stocks like Chamanlal Setia - up 3.22%; KRBL - up 1.91% and Kohinoor Foods - up 4.67% were trading with decent gains.
• Paper Stocks: On a move. Stocks like Tamilnadu Newsprint - up 5.29%; Seshasayee Paper - up 6.57%; Star Paper - up 3.34%; Orient Paper - up 2.80%; Andhra Paper - up 2.16% and JK Paper - up 1.93% were trading with decent gains.
• Offshore Drilling Stocks: On a move. Stocks like Selan Exploration - up 3.18%; United Drilling - up 5.02%; and Aban Offshore - up 1.11% were trading with decent gains.
• Restaurant & QSR Stocks: On a move. Stocks like Speciality Restaurants - up 3.40%; Barbeque Nation - up 2.66%; Westlife Developers - up 2.34%; Jubilant FoodWorks - up 1.62% and Mrs Bectors Food - up 1.50% were trading with decent gains.
• Power Stocks: On a move. Stocks like CG Power - up 2.11%; NHPC - up 3.41%; Tata Power - up 1.66%; KEC International - up 1.38% and Torrent Power - up 1.23% were trading with decent gains.
• NBFC Stocks: On a move. Stocks like Spandana Sphoorty - up 1.28%; Mas Financial - up 1.38%; CreditAccess Grameen - up 2.75%; HDFC - up 1.58% were trading with decent gains. The Reserve Bank of India (RBI) on Tuesday revised the Regulatory Framework for non-banking finance companies (NBFCs) which mandates exposure limits for the non-banking finance companies. In the large exposure framework, the regulator has capped aggregate exposure of NBFCs which are in the upper layer toward one entity at 20% of the capital base. The limit can only be extended by another 5% with the board’s approval. For a particular borrower group, the cap is at 25%, with an additional 10% if exposure is towards infrastructure. Besides, the RBI has also tightened norms for (NBFCs) and barred them from lending to businesses that their senior executives and directors are interested in. The new restrictions on the lending state that, unless sanctioned by the board, mid-layer and upper layer NBFCs shall not lend more than Rs 5 crore to directors, CEO or relatives of directors. They also cannot lend to any firm in which any of their directors or their relatives are interested as a partner, manager, employee or guarantor.

Falling Stocks

• UTI AMC: Down 1.22%.
• PG Foils: Down 4.04%.
• Nilkamal Ltd.: Down 5.92%.
• Persistent Systems: Down 4.21%.
• IRB Infrastructure: Down 3.23%.
• Bajaj Finance: Down 2.17%.
• Angel One: Down 1.80%.
• Pokarna: Down 1.39%.
• Paushak Limited: Down 3.69%.
• Dodla Dairy: Down 4.44%.
• ADF Foods: Down 1.92%.
• PCBL: Down 2.57%.
• Cyient: Down 2.64%.
• 3M India: Down 1.68%.
• eClerx Services: Down 2.20%.
• GAIL: Down 2.35%.
• Auto Ancillary Stocks: Under pressure. Stocks like Lumax Autotech - down 1.73%; Bharat Gears - down 1.18%; MM Forgings - down 1.29% and Jay Bharat Maruti - down 0.50% were trading in the negative territory.

Reactions to Q4FY22 Result 

• ACC: Up 5.80%. One of the largest producers of cement in India ACC limited has reported a 29.7% YoY decline in the standalone net profit at Rs 391.8 crore for the quarter ended March 31, 2022. It had posted a profit of Rs 557.4 crore in the corresponding quarter of the previous financial year. Revenue from operations on a standalone basis grew 3.1% YoY to Rs 4,426 crore in the reported quarter as compared to Rs 4,291.9 crore posted last year. EBITDA fell 26.3% YoY to Rs 633.7 crore compared to Rs 859.4 crore posted last year. The margin dropped to 14.3% in Q4FY22 against 20% posted in Q4FY21. Highlights
• Larsen & Toubro Infotech: Down 5.11%. L&T's Technology consulting and digital solutions division on Tuesday reported a 4.1% QoQ rise in the consolidated profit at Rs 637 crore for the quarter ended March 31, 2022. It had posted a profit of Rs 612 crore in the previous quarter ended December 31, 2022. Revenue from operations grew 4% QoQ to Rs 4,302 crore as compared to Rs 4,137 crore posted in the previous quarter. In dollar terms, the revenue grew 3.1% to $57 crore as compared to $55.3 crore posted in December 2021 quarter. EBIT stood at Rs 745 crore, up 0.4% QoQ compared to Rs 742 crore posted in December 2021 quarter. Margin dropped marginally to 17.3% in Q4FY22 as against 17.9% posted in Q3FY22. Constant Currency revenue grew by 3.6%. Besides, the Board of the Company has recommended a final dividend of Rs 30 per equity share (Face value of Re 1) for the financial year 2021-22. The company's attrition level stood at 24% in the reported quarter against 22.5% in the previous quarter. The IT firm's other income increased by Rs 34 crore. The company in a statement said, the year has seen the highest new client openings and net headcount additions and the deal pipeline continues to be robust.
• Tata Steel Long Products: Down 5.28%. The manufacturer of high alloy steel, primarily for the auto sector and wire rope industry, has reported an 82.4% YoY decline in net profit at Rs 60 crore for the quarter ended March 31, 2022. It had posted a profit of Rs 340 crore in the corresponding quarter of the previous financial year. Revenue from operations grew 16.3% YoY to Rs 1,799 crore in the reported quarter as against Rs 1,547 crore posted last year. EBITDA stood at Rs 164 crore, down 67% YoY from Rs 498 crore posted last year. The margin dropped to 9% in Q4FY22 from 32% reported in Q4FY21. Besides, the Board of Directors of the company has recommended a dividend of Rs 12.5 per share for the financial year ended March 31, 2022.

Stocks in News

• Telecom Stocks: Airtel - up 2.81%; Reliance Industries - up 3.19% and Vodafone Idea - up 0.50%. February subscriber data released by Telecom Regulatory Authority of India (Trai) on Tuesday said that the market leader Reliance Jio has lost 36.6 lakh users in February while Vodafone Idea shed another 15.3 lakh users in the month. However, Bharti Airtel has added 15.9 lakh users in the reported month. 
• Insecticides India: Up 4.92%. The Patent Office has granted the Patent for an invention entitled Novel Granules And its Pesticidal Compositions for the term of 20 years from July 11, 2019 (date of filing).
• VRL Logistics: Up 6.73%. The Company has signed a Memorandum of Understanding (MoU) with Ratna Cements (Yadwad) Limited (RCL) for the transfer of the Wind Power (Sale of Power) undertaking along with all underlying assets and liabilities as a going concern on a slump sale basis. The total consideration for the said Slump Sale is Rs 48 crore. Windmill division recorded revenue of Rs 17.57 crore (0.99% of the standalone revenue of the company, with an EBIT of Rs 80.83 Lakhs). 
• Mahindra Lifespace: Up 1.01%. Mahindra World City Developers Limited (MWCDL), a subsidiary of the Company and an 89:11 joint venture between the Company and Tamil Nadu Industrial Development Corporation Ltd (TIDCO) (a Government of Tamil Nadu Enterprise) have received notices under the Income Tax Act, 1961 (“Act”) for an aggregate sum of Rs. 102 crore. 
• Indian Hotels: Down 1.29%. The largest hospitality company on Tuesday announced the signing of an agreement to set up a new Taj Hotel in Chennai. The proposed Taj Hotel will come upon over 3.5 acres of land and would house four restaurants and a bar, besides 235 rooms and 123 Taj branded residences. This would be the fourth hotel of Taj in Chennai.