The domestic equity benchmarks were trading in the positive zone in the afternoon trade on Monday, November 8, 2021. At 12:38 pm, the S&P BSE Sensex was trading with a gain of 172.49 points or 0.29 per cent at 60,240.11. The Nifty 50 index gained 59.85 points or 0.33 per cent and was trading at 17,976.65. Earlier in the intraday trade, the Sensex and the Nifty touched a low of 59,779.19 and 17,836.10, respectively. Meanwhile, certain stocks were in action in either direction based on reports linked to them. Here is a list of a few such stocks:

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Buzzing Stocks 

Muthoot Finance: Up 9.27%.
Pfizer: Up 6.24%.
SpiceJet: up 2.83%.
Phoenix Mills: Up 6.42%.
Century Ply: Up 3.52%.
Mazagaon Dock: Up 2.32%.
Tamilnadu Petroproducts: Up 4.12%.
Endurance Technologies: Up 1.30%.
Mirza International: Up 12.67%.
Triveni Turbine: Up 3.73%.
Solara Active Pharma: Up 6.25%.
Mahindra Logistics: Up 4.65%.
Grindwell Norton: Up 4.09%.
KPR Mills: Up 4.98%.
AllCargo Logistics: Up 4.46%.
Anupam Rasayan: Up 3.49%.
VEDL: Up 2.10%.
BEL: Up 4.81%.
Devyani International: Up 2.18%.
Specialty Restaurant: Up 3.55%.
Astra Microwave: Up 7.85%.
Godrej Agrovet: Up 4.24%.
Grasim: Up 2.25%.
Barbeque Nation: Up 5.03%.

Auto Stocks: Moving up with Nifty Auto index trading 0.49% higher. Stocks like Eicher Motors - up 2.23%; Tata Motors - up 1.50%; TVS Motor - up 1.21% and Ashok Leyland - up 0.72% were trading with gains.

Auto Ancillary Stocks: Moving up. Stocks like Bharat Forge - up 2.85%; Tube Investments - up 2.74%; Exide Industries - up 1.83%; Bosch - up 1.69%; Balkrishna Industries - up 1.46% and MRF - up 1.19% were trading with gains.

Gems & Jewellery Stocks: Moving up. Stocks like Titan - up 3.63%; TBZ – up 2.99% and Goldiam International - up 3.66% were trading higher.

Cement Stocks: Moving up. Stocks like UltraTech Cement - up 4.46%; ACC - up 2.94%; JK Cement - up 7.58%; Sagar Cements - up 5.33% and Dalmia Bharat - up 3.59% were trading with gains.

Footwear Stocks: Moving up. Stocks Mirza International - up 12.46%; Liberty Shoes - up 5.21% and Bata India - up 4.51% were trading with gains.

PSU Banks: Moving up with Nifty PSU Bank index trading with a gain of 0.64%.  Stocks of PSU Banks like Canara Bank - up 4.20%; J&K Bank - up 4.53%; Union Bank - up  3.66%; Indian Bank - up 2.26%; PNB - up 0.95% were trading with gains.

IT Stocks: Moving up with Nifty IT index trading with a gain of 0.93%.  Stocks like Mindtree - up 2.96%; Coforge - up 2.75%; Tech Mahindra - up 2.46%; Mphasis - up 2.25%; LTTS - up 2.05% and Infosys - up 1.26% were trading with gains.

Oil & Gas Stocks: Moving up with Nifty Oil & Gas index trading with a gain of 0.64%.  Stocks like Hindustan Petroleum - up 3.76%; IOC - up 3.56%; Adani Total Gas - up 1.85%; BPCL - up 1.75%; ONGC - up 1.28% and MRPL - up 1.01% were trading with gains.

Falling Stocks 

Nazara Technologies: Down 3.42%.
Escort: Down 3.16%.

IPO Update 

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 0.09 times by 12:26 pm at BSE today, the first day of subscription. The Non Institutional Investors (NIIs) and Retail Individual Investors (RIIs) portions were subscribed 0.01 times and 0.48 times. 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. The issue comprises a fresh issue of equity shares worth Rs 8,300 crore and an offer for sale of Rs 10,000 crore (including Anchor portion of 3,83,02,326 Equity shares). Paytm's fundraising plan from the IPO is the biggest ever to date in India.
 

Earnings Reactions 

Andhra Petrochemicals: Up 4.97%. The chemical manufacturing company has reported a 36.5% QoQ rise in the consolidated profit at Rs 86 crore for the quarter ended September 30, 2021, as against a profit of Rs 63 crore posted in the previous quarter ended June 30, 2021. Its revenue from operations declined 0.4% to Rs 243 crore against Rs 244 crore posted in June 2021 quarter. EBITDA grew 3% to Rs 102.5 crore as against Rs 99.5 crore posted in the previous quarter. The margin grew to 42.2% in Q2FY22 as against 40.8% posted in Q1FY22. 

Divi's Laboratories: Down 7.30%. The pharmaceuticals company and producer of active pharmaceutical ingredients and intermediates has reported a 16.7% YoY rise in the net profit at Rs 606 crore for the quarter ended September 30, 2021, as against a profit of Rs 519 crore posted in the year-ago quarter. Its revenue from operations grew 13.6% YoY to Rs 1,987 crore as against Rs 1,749 crore posted last year. EBITDA grew 10% to Rs 818 crore as against Rs 741 crore posted last year. The margin fell slightly to 41% in Q2FY22 from 42% posted in Q2FY21.

Sun TV Network: Down 4.88%. The mass media company has reported a 17.9% YoY rise in the consolidated profit at Rs 395 crore for the quarter ended September 30, 2021, as against a profit of Rs 335 crore posted in the year-ago quarter. Its revenue from operations grew 10.3% to Rs 848 crore as against Rs 769 crore posted last year. EBITDA grew 5.2% YoY to Rs 529 crore as against Rs 503 crore posted last year. Its margin contracted to 62.4% in Q2FY22 as against 65.4% posted in Q2FY21. The company has declared an interim dividend of Rs 2.50 per share for the financial year 2021-22.

Suven Pharmaceuticals: Down 0.84%. The Hyderabad-based pharmaceutical company has reported a 31.1% YoY rise in the consolidated profit at Rs 97 crore for the quarter ended September 30, 2021, as against a profit of Rs 74 crore posted in the year-ago quarter. Its revenue from operations grew 27% to Rs 301 crore as against Rs 237 crore posted last year. EBITDA grew 25.3% YoY to Rs 121.5 crore as against Rs 97 crore posted last year. Its margin remained almost flat at 40.4% in Q2FY22 as against 40.9% posted in Q2FY21.

Selan Exploration: Down 2.16%. The company engaged in oil exploration and production has reported a 23.5% QoQ rise in the consolidated profit at Rs 2.1 crore for the quarter ended September 30, 2021, as against a profit of Rs 1.7 crore posted in the previous quarter ended June 30, 2021. Its revenue from operations grew 12.3% to Rs 18.3 crore against Rs 16.3 crore posted in the previous quarter. EBITDA grew 4.8% to Rs 6.6 crore as against Rs 6.3 crore posted in the previous quarter. The margin contracted to 36.1% in Q2FY22 as against 38.7% posted in Q1FY22. 

Dhanlaxmi Bank: Down 1.90%. The private sector lender has reported a 73.9% YoY decline in the profits at Rs 3.66 crore for the quarter ended September 30, 2021, as against a profit of Rs 3.66 crore posted in the year-ago quarter. Net Interest Income (NII) grew 3% YoY to Rs 91 crore as against Rs 88.66 crore posted last year. Provisions for the bad loans and contingencies for the reported quarter rose to 141.9% YoY Rs 22.40 crore from Rs 9.3 crore in September 2020. The bank's gross non-performing assets (NPAs) rose to 8.67% QoQ of the gross advances as of September 30, 2021, from 9.25% posted in the previous quarter. Net NPAs too rose to 4.92% from 4.58% posted in the previous quarter.
 

Stocks in News 

PVR (up 2.16%) /Inox Leisure (up 4.16%): The stocks were buzzing as film Sooryavanshi has earned Rs 50 crore in two days, Friday and Saturday. The analyst believes Suryavanshi can collect 70-75 crores this weekend.

Tata Motors: Up 1.50%. Jaguar Land Rover (JLR) expects that the ongoing global semiconductor shortage situation will gradually start getting better during the second half of the current financial year. In the meantime, the company owned by Tata Motors will continue to take steps to contain the impact of the shortage on its operations.

IndusInd Bank: Down 10.31%. The private lender in its clarification on the item titled 'Whistleblowers Raise Loan Evergreening Issue at IndusInd Arm' said that the allegations were made by certain anonymous individuals purportedly acting as whistleblowers are grossly inaccurate and baseless. The bank has admitted that due to a technical glitch in May 2021, nearly 84,000 loans were disbursed without the customer consent getting recorded at the time of loan disbursement. This issue was highlighted by the field staff within two days and the technical glitch was rectified expeditiously.

CDSL: Down 1.29%. A vulnerability at a CDSL subsidiary, CDSL Ventures Limited (CVL), has exposed personal and financial data of over 4 crore Indian investors twice in a period of 10 days, according to cyber security consultancy startup CyberX9. The Central Depository Services (India) Limited (CDSL) is a SEBI registered depository and CDSL Ventures Ltd is a KYC registering agency separately registered with the Securities and Exchange Board of India (SEBI). CDSL said that CVL has taken immediate action and the vulnerability has been mitigated now. According to CyberX9, it reported the vulnerability on October 19, to CDSL and the securities depository took around 7 days to fix it which could have been resolved immediately. The exposed data includes investors names, phone numbers, email addresses, PAN, income range, father's name, date of birth etc, CyberX9 said in its blog.