Solara Active, Schaeffler India to Mawana Sugar - here are the top Buzzing Stocks today

The key equity barometers were trading with minor gains in noon deals of Thursday, February 17, 2022. At 1:13 pm, the S&P BSE Sensex was trading with a gain of 212.95 points or 0.37% at 58,209.63. The Nifty 50 index was 70.65 points or 0.41% higher and was trading at 17,392.85. Meanwhile, certain stocks were in action in either direction based on reports linked to them. Here is a list of some of such stocks:

Buzzing Stocks

VIP Industries: Up 2.62%.

Jubilant Ingrevia: Up 2.05%.

Page Industries: Up 4.02%.

Solara Active: UP 8.94%.

Everest Industries: Up 6.99%.

Eveready Industries: Up 8.93%.

Reliance Industries: Up 1.52%.

Aries Agro: Up 4.30%.

Manaksia Aluminium: UP 3.36%.

Bajaj Consumer: Up 2.62%.

Bajaj Electricals: Up 1.47%.

Siemens: Up 2.47%.

Dixon Technologies: Up 1.06%.

Walchandnagar Industries: Up 4.78%.

BEL: Up 1.88%.

Coastal Corporation: Up 2.70%.

Aavas Financiers: Up 2.29%.

Punj Lloyd: Up 3.57%.

Aegis Logistics: Up 2.93%.

Devyani International: Up 2.20%.

NBFC Stocks: On a move. Stocks like Shriram Transport Finance - up 4.41%; Shriram City Union - up 3.46%; HDFC - up 2.33%; Chola Investment - up 1.39% and CreditAccess Grameen - up 1.05% were trading with decent gains.

Hotel Stocks: On a move. Stocks like Advani Hotels - up 14.43%; Lemon Tree Hotels - up 4.70%; Kamat Hotels - up 4.20%; Taj GVK - up 3.25%; Royal Orchid - up 2.31% and Indian Hotels - up 2.61% were trading with decent gains.

Offshore Drilling Stocks: On a move. Stocks like HOEC - up 4.59%; Asian Energy 
Service - up 1.18% and Aban Offshore - up 0.82% were trading with decent gains.

Oil & Gas Stocks: On a move. Stocks like HOEC - up 4.59%; Adani Total Gas - up 1.40%; ONGC - up 1.72%; Reliance Industries - up 1.45% were trading with decent gains.

Paper Stocks: On a move. Stocks like Star Paper - up 5.73%; Malu Paper - up 4.40%; Ruchira Paper - up 3.24%; JK Paper - up 3,84%; Pudumjee Paper - up 2.93% and West Coast Paper - up 2.93% were trading with decent gains.

Power Stocks: On a move. Stocks like Adani Power - up 8.01%; Adani Transmission - up 4.11%; JSW Energy - up 1.90%; Torrent Power - up 1.01% and Kalpataru Power - up 1% were trading with decent gains.

Fertilizer Stocks: On a move. Stocks like SPIC - up 7.03%; Aries Agro - up 4.26%; Chambal Fertilizers - up 1.94%; Nagarjuna Fertilizers - up 1.94% and Madras Fertilizers - up 1.19% were trading with decent gains.

Diagnostic Stocks: On a move. Stocks like Metropolis - up 2.47%; Thyrocare - up 2.11% and Dr Lal Pathlabs - up 1.19% were trading with decent gains.

Tata Group Stocks: On a move. Stocks like Tata Consumer Products - up 2.77%; Tata Motors - up 1.23%; Tata Steel - up 1.09% and Indian Hotels - up 2.66% were trading with gains.

Metal Stocks: On a move. Stocks like Tata Steel - up 1.09%; Hindalco - up 1.83%; Vedanta - up 1.16% and JSW Steel - up 1.11% were trading with decent gains.

Auto Stocks: On a move. Stocks like Tata Motors DVR - up 1.84%; Tata Motors - up 1.23%; Bajaj Auto - up 1.54%; TVS Motor - up 1.79% and SML Isuzu - up 1% were trading with decent gains.

Auto Ancillary Stocks: On a move. Stocks like Schaeffler India - up 10.60%; Minda Corp - up 2.43%; India Nippon Electricals - up 1.45%; Craftsman Automation - up 1.64%; Munjal Auto - up 1.63%; FIEM Industries - up 1.41%; Kinetic Engineering - up 2.19% and Mahindra CIE - up 1.25% were trading with decent gains. Indian government wants electric car major Tesla to buy $500 million worth of local auto components to be eligible for an import tax cut in the country. The report also claims that Tesla has been given the condition that it can start procuring local auto parts at a lower base.

Cement Stocks: On a move. Stocks like Everest Industries - up 6.90%; NCL Industries - up 4.64%; Visaka Industries - up 2.79%; Orient Cement - up 1.49% and Star Cement - up 1.88% were trading with decent gains.
Ceramics & Granite Stocks: On a move. Stocks like HSIL - up 3.25%; Aro Granite - up 3.41% and Orient Bell - up 1.48% were trading with decent gains.

Chemical Stocks: On a move. Stocks like Navin Fluorine - up 3.44%; Shree Pushkar - up 2.71%; Neogen Limited - up 2.31%; Kanoria Chemicals - up 2.10%; IG Petrochemicals - 2.15%and Jubilant Industries - up 1% were trading with decent gains.

Declining Stocks

Sintex Industries.: Down 4.64%.

Finolex Industries: Down 1.61%.

FDC: Down 4.29%.

Mahanagar Gas: Down 1.45%.

Petronet LNG: Down 1.08%.

Welspun Corp: Down 2.46%.

Hindustan Copper: Down 1.78%.  

PSE Stocks: Falling. Stocks like NMDC - down 4.45%; REC - down 2.08%; Nalco - down 2.11% and PFC - down 1.04% were trading in the negative territory.

Realty Stocks: Falling. Stocks like Mahindra Lifespaces - down 3.70%; Sobha Ltd. - down 1.41%; IB Real Estate - down 1.38% were trading in the negative territory.

Packaging Stocks: Falling. Stocks like Cosmo Films - down 2.47%; TCPL Packaging - down 1.22% were trading in the negative territory.

Restaurant and QSR Stocks: Falling. Stocks like Westlife Development - down 1.92%; Mrs Bectors Food - down 1.38% were trading in the negative territory.

Q3FY22 Earnings Impact

Nestle India: FMCG major Nestle India Ltd today reported a 20 per cent decline in its net profit at Rs 386.66 crore for the fourth quarter ended December 31, 2021, compared to a profit of Rs 483.31 crore in the same period a year ago. The company follows a January-December financial year. However, its revenue from operations was up 8.93 per cent to Rs 3,739.32 crore during the period under review, as against Rs 3,432.58 crore in the corresponding period last fiscal. Besides, the Board of Directors recommended a final dividend for the year 2021 of Rs 65per equity shares of Rs 10 each. The final dividend, if approved by the shareholders at 63rd AGM, shall be paid on and from April 26, 2022.

Schaeffler India: Up 10.60%. The ball and roller bearing manufacturing company has reported a 34.6% YoY rise in the consolidated profit at Rs 190.6 crore for the third quarter ended December 31, 2021, as compared to Rs 141.6 crore posted in the year-ago quarter. Revenue from operations grew 19.6% YoY to Rs 1,523.2 crore against Rs 1,273.8 crore posted last year. EBITDA stood at Rs 286.9 crore, up 25.2% YoY against Rs 229.1 crore posted last year. Margin improved marginally to 18.8% in Q3FY22 against 18% posted in Q3FY21. Besides, the board of directors of the company has recommended a Dividend of Rs 16 per Equity Share of the face value of Rs 2 each.

SPIC: Up 7.03%. The petrochemicals manufacturer Southern Petrochemical Industries Corporation Ltd (SPIC) has reported 9.3 times YoY rise in the consolidated profit at Rs 59.6 crore for the third quarter ended December 31, 2021. Revenue from operations grew 15.4% YoY to Rs 492.5 crore against Rs 426.7 crore posted last year. EBITDA stood at Rs 63.5 crore, up 4.7 times YoY against Rs 13.4 crore posted last year. Margin improved marginally to 12.9% in Q3FY22 against 3.1% posted in Q3FY21.

Stocks in News

Vedanta Ltd: Up 1.16%. Anil-Agarwal-led Vedanta in its clarification on a media report about the partnership with Foxconn to manufacture semiconductors in India has said that the proposed business of manufacturing semiconductors is not under Vedanta Limited and it understands that it will be undertaken by the holding company of Vedanta Limited.

Tata Motors Ltd.: Up 1.23%. Jaguar Land Rover has formed a multi-year strategic partnership with NVIDIA, the leader in artificial intelligence (AI) and computing, to jointly develop and deliver next-generation automated driving systems plus AI-enabled services and experiences for its customers. Starting in 2025, all new Jaguar and Land Rover vehicles will be built on the NVIDIA DRIVE software-defined platform—delivering a wide spectrum of active safety, automated driving and parking systems as well as driver assistance systems.
Quess Corp Limited: Up 1.39%. Promoter bought 0.09% stakes in the company on February 15, 2022.

Shakti Pump Ltd.: Up 1.41%. Promoter bought 0.05% stakes in the company on February 15, 2022.
Mawana Sugar: Up 13.91%. Mckinley Capital Emerging Markets Growth Fund Series A buys 2,65,688 shares of the company at Rs 103.67 per share.

Hikal: Down 3.91%. The company has received a notice from the Maharashtra Pollution Control Board (MPCB) on February 15, 2022, for the closure of the Company’s Manufacturing Unit located at MIDC Taloja, Dist. Raigad, within 72 hours of the receipt of the said notice, in view of certain alleged non-compliances of the conditional Consent to operate and the recent Surat issue. The Taloja unit had contributed approx. Rs 260 crores amounting to around 15% of the turnover of the Company for the financial year 2020-21.