Nectar Life, KPIT Technologies to Ujjivan Small Finance Bank - here are the top Buzzing Stocks today

The benchmark indices were trading almost flat in the noon deals of Friday, January 7, 2022. At 12:56 pm, the S&P BSE Sensex was trading 83.31 points or 0.14% down at 59,518.53. The Nifty 50 index was trading at a loss of 2.50 points or 0.01% at 17,743.40. But certain stocks came in the news after the market was closed. 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

Nectar Life: Up 5.83%.

Motherson Sumi: Up 2.83%.

Bandhan Bank: Up 2.50%

Excel Industries: Up 4.47%.

Varroc Engineering: Up 1.44%.

Bharat Rasayan: Up 3.45%. 

Tribhovandas Bhimji Zaveri Ltd: Up 1.54%.

JSW Energy: Up 2.09%.

Barbeque Nation: Up 2%.

Bharat Gears: Up 2.57%.

Indiabulls Real Estate: Up 1.76%.

Jubilant FoodWorks: Up 4.39%.

Greaves Cotton: Up 2.95%.

Jamna Auto: Up 2.77%.

Jamna Auto: Up 2.82%.

Bajaj Electricals: Up 3.81%.

OMCs: On a move. Stocks like Oil India – up 7.76%; ONGC – up 3.51%; GSPL – up 2.08%; Gujarat Gas – up 1.77% and Hindustan Petroleum – up 1.10%.

Offshore Stocks: On a move. Stocks like HOEC – up 6.48%; Aban Offshore – up 2.89%; Deep Industries – up 1.59%; Selan Exploration – up 7.68% and Jindal Drilling – up 1.11% were trading with gains.

Midcap IT Stocks: On a move. Stocks like KPIT Technologies – up 11.25%; R Systems – up 7.60% and Birlasoft – up 2,92% - were trading with gains.

Top F&O Gainers

Polycab: Up 1.07%.

Hindustan Petroleum: Up 1.10%.

ONGC: Up 3.51%.

Grasim: Up 4.17%.

IRCTC: Up 2.95%.  
IndiGo: Up 2%.
AU Small Finance Bank: Up 2.72%.

Top F&O Losers

TVS Motors: Down 1.49%.

Piramal Enterprises: Down 1.36%.

RBL Bank: Down 1.40%.

Stocks at Life Highs

Birlasoft: Up2.92%. Meanwhile, the stock hit the life high of Rs 582.40 earlier in the intraday trade today.

Asian Paints: Up 1.62% Meanwhile, the stock hit the life high of Rs 3,582earlier in the intraday trade today.

Pidilite: Up 2.34%. Meanwhile, the stock hit the life high of Rs 2720 earlier in the intraday trade today.

Titan: Down 0.48%. Meanwhile, the stock hit the life high of Rs 2,687.25 earlier in the intraday trade today.

Poonawalla Fincorp: Up 5.82%. Meanwhile, the stock hit the life high of Rs 271.35 earlier in the intraday trade today.

KPIT Technologies: Up 13.43%. Meanwhile, the stock hit the life high of Rs 750 earlier in the intraday trade today.

Falling Stocks

Schneider Electric: Down 3.25%.

Tega Industries: Down 1.16%.

Star Health: Down 1.58%.

Sugar Stocks: Declining. Stocks like Triveni Engineering – down 1.24%; Dwarikesh Sugar – down 2.04%; Balrampur Chini – down 1.45% and Mawana Sugars – down 2.52% were trading in negative territory.

Auto Stocks: Declining. Stocks like TVS Motor – down 1.49%; M&M – down 1.37%; Bosch – down 1.32%; Bajaj Auto – down 0.97% and Ashok Leyland – down 0.76% were trading in negative territory.

Q3FY22 Business Update Reactions

Ujjivan Small Finance Bank: Up 7.02%. The company in its Q3FY22 business update said its disbursements for the quarter grew by 120% YoY to Rs 4,800 crore compared to Rs 2,200 crore disbursed in the corresponding quarter last year. 

Its total deposits grew 34% YoY to Rs 15,600 crore as compared to Rs 11,600 crore posted last year. CASA ratio increased to 26% in Q3FY22 from 18% posted in Q3FY21. 

Collection Efficiency (due for the month) stood at 95% in November and 97% in December. The GNPA reduced from 11.2% to 10.5%. 

NCL Industries: Down 1.63%. The company in its Q3FY22 business update said its cement production dropped by 11% YoY to 5.60 lakh Metric tonnes (MT) from 6.32 lakh MT produced in Q3FY21. Cement dispatches also came down 11% to 5.57 lakh MT against 6.25 lakh MT dispatched last year. 

Godrej Consumer Products Limited: Up 0.90%. The company in its Q3FY22 business update said the company expect to deliver close to high single-digit growth (less than 10%) in India, largely driven by pricing. 

In Indonesia, it expects a marginal decline in constant currency sales growth. In Godrej Africa, USA and the Middle East, growth momentum continued across most of our key countries of operations. 

The company expect to deliver constant currency sales growth in the teens (around 13%). 

It says that at a consolidated level, the company continue to leverage our category and geographic portfolio and expect to deliver close to high single-digit sales growth. Unprecedented cost inflation will have an impact on gross margins.

Stocks in News

Garden Reach: Up 11.81%. Ramesh Damani buys a 1.09% stake in the company in Q3FY22.

Divi’s Laboratories: Up 0.86%. LIC increases its stake by 0.64% in the company in Q3FY22.

Anand Rathi Wealth: Down 2.16%. The Mumbai-based financial services company has reported a 144%+ YoY growth in profits at Rs 32 crore for the quarter ended December 31, 2021. 

It had posted a profit of Rs 13 crore posted in the same period last year.

 Its revenue grew by 56% YoY to Rs 106 crore as against Rs 68 crore posted last year. 

The company’s EBITDA grew 114% to Rs 45 crore as against Rs 21 crore posted last year. The Margin improved to 42.23% in Q3FY22 as against 31% posted in Q3FY21. 

Besides, the company has posted an interim dividend of Rs 5 per share for the financial year 2021-22.  

Hinduja Global Solutions: Down 20%.  The Board of Directors of the company on Thursday approved the third interim dividend of Rs 150 per equity share for the FY22 and fixed January 18, 2022, as the “Record Date” for the payment of this dividend. 

It also recommended Bonus shares in the proportion of 1:1. Besides, Hinduja Global Solutions Limited (HGS) announced that it has completed the sale of its healthcare services business to wholly-owned subsidiaries of Betaine BV (‘Buyer’), funds affiliated with Baring Private Equity Asia (BPEA), one of the largest private alternative investment firms in Asia. 

The transaction was based on an enterprise value of US$ 1,200 million, subject to closing adjustments, and resulted in inflows of US$ 1,088 million. HGS will use the funds generated from the divestment to strategically invest in building its technology capabilities for the future growth of the organization