Sharda Cropchem, Bharat Dynamics to Cholamandalam Investment - here are the top Buzzing Stocks today

Sharda Cropchem, Bharat Dynamics to Cholamandalam Investment - here are the top Buzzing Stocks today   

The key equity benchmarks were currently at the day's high in the noon deals on Friday, April 8, 2022. Trading remained volatile after the RBI kept key policy rates unchanged. At 1:15 pm, the S&P BSE Sensex was trading with a gain of 242.62 points or 0.41% at 59,277.57. The Nifty 50 index was 91.70 points or 0.52% up at 17,731.25. 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

• Sharda Cropchem: Up 6.30%.
• BEML: Up 3.47%.
• Vinati Organics: Up 2.61%.
• PI Industries: Up 2.39%.
• Tata Communications: Up 2.64%.
• Prestige Estate: Up 3.50%.
• La Opala: Up 2.44%.
• Astec Life: Up 2.91%.
• Shalby Ltd.: Up 2.50%.
• VIP Clothing: Up 2.56%.
• Siemens: Up 1.48%.
• IndiGo: Up 1.63%.
• Tata Metaliks: Up 4.86%.
• ABB India: Up 1.61%.
• IFB Agro: Up 2.76%.
• Titan: Up 1.25%.
• Page Industries: Up 1.97%.
• Hotel Stocks: : On a move. Stocks like EIH Associated - up 3.71%; Lemon Tree Hotels - up 3.20%; Royal Orchid - up 2.49%; Taj GVK - up 2.74%; EIH - up 1.79%; Mahindra Holidays - up 1.29% and Indian Hotels - up 1.56% were trading with decent gains.
• Food Processing Stocks: On a move. Stocks like ADF Foods - up 5.90%; Heritage Foods - up 1.69%; DFM Foods - up 1.32%; Chaman Lal Setia - up 1.81% and KRBL Ltd. - up 1.68% were trading with decent gains.
• Metal Stocks: On a move. Stocks like JSW Steel - up 3.50%; Jindal Steel - up 2.20%; SAIL - up 2.20%; NMDC - up 1.88%; Tata Steel - up 1.56% and Jindal Steel (Hisar) - up 1.23% were trading with decent gains.
• Oil & Gas Stocks: On a move. Stocks like Gujarat Gas -up 2.48%; Hindustan Petroleum - up 2.34%; IOC - up 1.78%; MGL - up 1.51% and Reliance Industries - up 1.09% were trading with decent gains.
• Consumer Durable Stocks: On a move. Stocks like Johnson Hitachi - up 2.69%; Havells - up 1,72%; Orient Electric - up 1.59%; Titan - 1.44% and Voltas - up 1.13% were trading with decent gains.
• FMCG Stocks: On a move. Stocks like Godrej Consumer - up 5.68%; ITC - up 1.68%; Britannia - up 1.09% and Radico Khaitan - up 1.04% were trading with decent gains.
• Agri Sector Stocks: On a move. Stocks like Shakti Pumps - up 7.77%; Aries Agro - up 2.73%; Rallis India - up 1.86%; Jain Irrigation - up 1.53% and Dhanuka Agritech - up 2.19% were trading with decent gains.
• Aluminium Stocks: On a move. Stocks like Vedanta - up 1.13%; Nalco - up 1.33% and Hindalco - up 1% were trading with decent gains.
• Auto Stocks: On a move. Stocks like Tata Motors DVR - up 1.97%; TVS Motor - up 2.03%; Atul Auto - up 1.48%; Ashok Leyland - up 1.94%; Force Motors - up 1.56%; Tata Motors - 0.80% and M&M - up 1.88% were trading with decent gains.
• Auto Ancillary Stocks: On a move. Stocks like Ramkrishna Forgings - up 4.61%; Munjal Auto - up 3.11%; Suprajit Engineering - up 1.88%; LG Balakrishnan - up 2.26%; Federal-Mogul - up 3.41%; Rane (Madras) - up 2.19%; Lumax Industries - up 2.49% and Bharat Forge - up 1.89% were trading with decent gains.
• Cement Stocks: On a move. Stocks like Anjani Portland - up 1.87%; Visaka Industries - up 3.85%; Grasim - up 3.18%; Ambuja cement - up 2.09%; JK Lakshmi Cement - up 2.57%; JK Cement - up 1.47% and Heidelberg Cement - up 1.82% were trading with decent gains.
• Chemical Stocks: On a move. Stocks like Punjab Alkali - up 4.44%; PCBL - up 4.96%; Manali Petrochemicals - up 2.77%; IG Petrochemicals - up 2.48%; Oriental Carbon - up 2.21%; Balaji Amines - up 1.91% and Deepak Nitrite - up 2.10% were trading with decent gains.
• Defence Stocks: On a move. Stocks like Bharat Dynamics - up 15.16%; BEL - up 3.03%; HAL - up 2.83%; Astra Microwave - up 3.80%; Walchandnagar Industries - up 5.82% and Bharat Forge - up 1.89% were trading with decent gains.
• Fertilizer Stocks: On a move. Stocks like Mangalore Chemicals - up 11.40%; Zuari Agro - up 7.12%; GSFC - up 4.15%; Aries Agro - up 2.83%; Deepak Fertilizer - up 3.23%; Coromandal International - up 2.39% and NFL - up 2.02% were trading with decent gains.
• Banking Stocks: Stocks: On a move. Stocks like Bandhan Bank - up 3.66%; AU Small Finance Bank - up 2.83%; Federal Bank - up 1.47%; Bank of Baroda - up 0.84% among others were trading with decent gains.
• Financial Services Stocks: On a move. Stocks like Cholamandalam Investment - up 7.86%; SBI Life - up 2.53%; Muthoot Finance - up 1.23% were trading with decent gains.
• Pharma Stocks: On a move. Stocks like IPCA Labs - up 1.87%; Torrent Pharma - up 1.54%; Dr Reddy's - up 1.33% and Laurus Labs - up 1.21% were trading with decent gains.

Falling Stocks

• Tech Mahindra: Down 1.37%.
• LTTS: Down 1.16%.
• Escorts: Down 5.76%.
• APL Apollo Tubes: Down 1.03%.
• Indiabulls Housing Finance: Down 2.01%.
• Can Fin Homes: Down 1.27%.
• Godrej Agrovet: Down 1.51%.
• Apex Frozen: Down 1.08%.
• Minda Industries: Down 1.61%.
• Everest Industries: Down 5.16%.
• Trent: Down 2.96%.
• Inox Wind: Down 2.15%.
• Maruti Suzuki: Down 1.27%.
• Tilaknagar Industries: Down 2.59%.
• Spandana Sphooorty: Down 2.38%.
• JK Paper: Down 2.65%.

Reactions to Earnings and Performance reports for Q4FY22

• Sterling and Wilson Renewable Energy Ltd: Up 8.03%. The company on Thursday reported a consolidated net profit of Rs 126.6 crore for the quarter ended March 31, 2022. It had posted a consolidated loss of Rs 344.8 crore in the corresponding quarter of the previous financial year. Its revenue from operations declined by 21.5% YoY to Rs 1,071 crore in the period under consideration as against Rs 1,364.5 crore posted last year. The company's EBITDA loss stood at Rs 124.2 crore in Q4FY22 as against an EBITDA loss of Rs 424.3 crore posted in Q4FY21. 
• Mahindra & Mahindra: Up 1.68%. The Indian carmaker on Thursday said that the deal to sell debt-ridden, SsangYong Motor Company (SYMC), to South Korean electric bus maker Edison Motors Co had been terminated. The deal was terminated by Ssangyong, after consultation with the Seoul Bankruptcy Court, due to Edison’s inability to deposit the bid amount as per the terms of the investment agreement. In addition, the Edison Consortium has appealed against the termination of the agreement. The total deal stood at Rs 1,882 crore (USD 254.65 million).
• Cholamandalam Investment: Up 7.86%. The company has reported its business performance for the quarter ended March 31, 2022, and said its disbursements for Q4FY22 stood approximately at Rs 12,718 crore as against Rs 8,071 crore in Q4FY21 which is a growth of 58% YoY. Disbursements in Vehicle Finance business grew by 43% YoY to approximately Rs 8785 crore in Q4FY22. Loan Against Property business grew disbursements by 57% YoY to approximately Rs 1870 crore in Q4FY22. Disbursements in Home Loans grew by 2% YoY at Rs 549 crore for Q4FY22. Apart from this, the new businesses launched last year together made disbursals of Rs 1514 crore for Q4FY22. Collection Efficiency on billing improved across all Product segments and stood at 138% in Q4FY22 as against 120% in Q4FY21. This will result in strengthening the asset quality position of the Company. The Company continues to hold a strong liquidity position with Rs 5575 crore as cash balance as at end of March 2022 (including Rs.1500 Crores invested in Gsec shown under investments), with a total liquidity position of Rs. 7,400 crores (including undrawn sanctioned lines). The ALM is comfortable with no negative cumulative mismatches across all time buckets.
• JSW Ispat Special Products: Up 2.56%. Crude steel production grew 11% YoY to 0.17 metric tons v/s 0.15 metric tons. 
• Indiabulls Real Estate: Down 3.63%. The Board of Directors of the Company on Thursday authorised the opening of qualified institutions placement (QIP) of equity shares at a floor price of Rs 106.38 per share. The company may at its discretion offer a discount of not more than 5% on the floor price for the Issue. The Board will meet on April 12, 2022, to consider and approve the Issue price, including a discount if any thereto.
• Oberoi Realty: Down 1.88%. The realty firm in its Q4FY22 update said its bookings declined to 234 units in Q4FY22 Vs 421 units in Q4FY21. Booked area reduced to 5.24 lakh square feet in Q4FY22 Vs 10.63 lakh square feet in Q4FY21. Booking value also declined to Rs 922 crore in Q4FY22 Vs Rs 1,957 crore in Q4FY21. Booking value in FY22 stood at Rs 3,886 Crore (an increase of ~18.5% over FY21) is the best ever annual booking achieved by the Company.

Stocks in News

• Ruchi Soya: Up 6.59%. The equity shares that were allotted in the follow-on public offer (FPO) were listed on the stock exchanges today, i.e., on Friday, April 8, 2022.
• RBL Bank: Down 6.12%. Exclusion from BSE 250 LargeMidCap Index and will get in S&P BSE 250 SmallCap Index.
• Hester Biosciences: Up1.95%. The Board of Directors of the company on Thursday approved the execution of the Grant-in-Aid Letter Agreement for a grant of Rs 60 crore (in a phased manner) to the Company by the Biotechnology Industry Research Assistance Council (BIRAC), a Government of India Enterprise to support COVID vaccine manufacturing under Mission Covid Suraksha.
• NTPC: Down 1.01%. Maharashtra State Power Generation Company (MAHAGENCO) will form an equal joint venture with state-run NTPC Ltd to set up an ultra mega solar park in Maharashtra with a 2500 MW generation capacity. Besides, NTPC Limited has incorporated a wholly-owned subsidiary, in the name of 'NTPC Green Energy Limited' with the Registrar of Companies, NCT of Delhi & Haryana on April 7, 2022.