Indian stock markets were trading at the flat line in the noon deal of Tuesday, April 19, 2022. At 1:12 pm, the S&P BSE Sensex was trading at a loss of 36.06 points or 0.06% at 57,130.68. The Nifty 50 index was 2.75 points or 0.02% up and was trading at 17,176.40. 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

  • Sunflag Iron: Up 13.20%.
  • Aries Agro: Up 7.15%.
  • IFB Agro: Up 4.05%.
  • Paytm: Up 3.49%.
  • UTI AMC: Up 3.13%.
  • Just Dial: Up 3.46%.
  • Linde India: Up 2.76%.
  • Tata Metaliks: Up 2.49%.
  • Polycab India: Up 2.83%.
  • Auto Ancillary Stocks: On a move. Stocks like Balkrishna Industries - up 3.41%; Lumax Autotech - up 4.85%; Minda Corp - up 5.68%; Jamna Auto - up 3.28%; Bharat Gears - up 2.35%; Sona BLW Precision - up 3.40%; M&M Forgings - up 2.60% and Amara Raja - up 1.40% were trading with decent gains.
  • Broking Houses Stocks: On a move. Stocks like Motilal Oswal - up 3.64%; Angel One - up 3.91%; IIFL Finance - up 1.60%; Geojit Financial - up 2.1%% and Edelweiss - up 1.67% were trading with decent gains.
  • Cement Stocks: On a move. Stocks like Sahyadri Industries - up 3.75%; Orient Cement - up 3.45%; Gujarat Sidhee - up 1%; JK Cement - up 2.37%; and Ultratech Cement - up 1% were trading with decent gains.
  • Chemical Stocks: On a move. Stocks like Manali Petroproducts - up 7.83%; Meghmani Organics - up 4%; Kanoria Chemicals - up 3.79%; Chemcon Speciality - up 4.51% and Orient Abrasives - up 1.76% were trading with decent gains.
  • Fertilizer Stocks: On a move. Stocks like Nagarjuna Fertilizers - up 10%; RCF- up 1.62%; SPIC - up 3.66% and Zuari Agro - up 1% were trading with decent gains.
  • Food Processing Stocks: On a move. Stocks like LT Foods - up 6.22%; KRBL - up 4.58%; Chaman Lal Setia - up 3.86%; Parag Milk - up 2.98%; Hindustan Foods - up 3.07% and ADF Foods - up 3.98% were trading with decent gains.
  • Hosiery Stocks: On a move. Stocks like Lovable Lingerie - up 9.98%; Page Industries - up 2.16%; and Lux Industries - up 2.49% were trading with decent gains.
  • Hotel Stocks: On a move. Stocks like EIH Associated - up 2.34%; Indian Hotels - up 2.64%; EIH - up 1% and ITDC - up 1.14% were trading with decent gains.
  • Leather Stocks: On a move. Stocks like Mirza International - up 4.28%; Liberty Shoes - up 5.13%; Superhouse - up 3.68% and Khadim India - up 1.41% were trading with decent gains.
  • Mining Stocks: On a move. Stocks like GMDC - up 8.25%; NLC India - up 5.70%; Coal India - up 6.41%; NMDC - up 2.47% and Hindustan Zinc - up 1.34% were trading with decent gains.
  • NBFC Stocks: On a move. Stocks like Cholamandalam Investment - up 3.88%; M&M Finance - up 2.79%; Tourism Finance Corp - up 1%; PTC India - u[ 1.30%; Poonawalla Fincorp - up 1.38% and Spandana Sphoorty - up 1% were trading with decent gains.
  • Metal Stocks: On a move. Stocks like Hindustan Copper - up 5.82%; Jindal Steel (Hisar) - up 3.09%; Ratnamani - up 3.05%; NMDC - up 2.47%; Vedanta - up 2.35%; Jindal Steel - up 2.23% and SAIL - up 2.14% were trading with decent gains.
  • Banking Stocks: On a move. Stocks like AU Small Finance Bank - up 5.06%; Bandhan Bank - up 2.73%; ICICI Bank - up 2.27%; Bank of Baroda - up 2.11% and SBI - up 1.77% were trading with decent gains.
  • Pharma Stocks: On a move. Stocks like Laurus Labs - up 2.14%; Torrent Pharma - up 1.51%; Gland Pharma - up 1.29% were trading with decent gains.
  • Healthcare Stocks: On a move. Stocks like Apollo Hospitals - up 5.59%; Lal Pathlabs - up 2.93%; Metropolis - up 1.34% were trading with decent gains.
  • Consumer Durables Stocks: On a move. Stocks like TVS Electronics - up 5.80%; IFB - up 1.23%; Crompton Greaves - up 1.29%; Blue Dart - up 1.36% and Voltas - up 1.52% were trading with decent gains.
  • Oil & Gas Stocks: On a move. Stocks like Hindustan Petroleum - up 4.64%; Reliance - up 3.82%; IOC - up 2.93%; BPCL - up 2.54%; GAIL - up 2.38%; OIL - up 1.97% and GSPL - up 1.82% were trading with decent gains.
  • Sugar Stocks: On a move. Stocks like Mawana Sugar - up 5.76%; KCP Sugar - up 3.49%; Triveni Engineering - up 3.66%; Dalmia Bharat Sugar - up 3.24%; Kothari Sugar - up 2.96% and Dhampur Sugar - up 2.67% were trading with decent gains.
  • Petro Product Stocks: On a move. Stocks like Chennai Petroleum - up 12.18%; Tamilnadu Petroproducts - up 3.50% and IG Petrochemicals - up 2.11% were trading with decent gains.

Falling Stocks

  • Chambal Fertilizer: Down 3.39%.
  • ACC: Down 1.97%.
  • Elgi Equipments: Down 2.12%.
  • Eris Lifescience: Down 2.23%.
  • AB Capital: Down 1.57%.
  • Tata Power: Down 1.69%.
  • Syngene International: Down 1.88%.
  • Aegis Logistics: Down 1.63%.
  • NIIT Ltd.: Down 1.89%.
  • Neogen Chemicals: Down 2.27%.
  • Shree Pushkar: Down 2.33%.
  • Financial Services Stocks: Under pressure. Stocks like HDFC - down 3.87%; ICICI Prudential - down 1.77%; SBI Life - down 1.61% and HDFC Life - down 1.51% were trading in the negative territory.
  • IT Stocks: Under pressure. Stocks like Mastek - down 1,73%; Intellect Design - down 2.37%; L&T Infotech - down 2.91%; Mindtree - down 1.98%; Zensar Technologies - and Infosys - down 1.40% were trading in the negative territory.

Impact of Q43FY22 Result

  • Mindtree: Down 1.98%. Mid-tier IT services company Mindtree on Monday reported an 8.11% QoQ rise in the consolidated profit at Rs 473 crore for the quarter ended March 31, 2022. It had posted a profit of Rs 437.5 crore in the previous quarter ended December 31, 2021. Consolidated revenue from operation rose 5.34% QoQ to Rs 2,897 crore as compared to Rs 2,759 crore posted in the previous quarter. EBIT rose 3.78% QoQ to Rs 549 crore as compared to Rs 529 crore posted in the December quarter. The margin dropped to 18.9% in Q4FY22 as against 19.2% posted in Q3FY22. The company in a statement said, it doesn’t see any significant softness in the European market and also does not see any aspect of demand slowing down in near future. Besides, the Board of Directors of the Company has recommended a Final Dividend of Rs 27 per equity share for the financial year ended March 31, 2022. In addition to this, the company will increase its investment in Metaverse.

Stocks in News

  • AU Small Finance Bank Ltd: Up 5.06%. The Board of Directors of the Company is scheduled to meet on April 26, 2022, to consider the audited financial results of the bank for the quarter and fiscal year ended on March 31, 2022, as well as the proposal for the issuance of Bonus Shares subject to requisite approvals. It will also consider and recommend a dividend on equity shares for the financial year ended March 31, 2022.
  • Varroc Engineering Ltd: Up 4.97%. The auto component maker, reportedly, can sell its global lighting business Varroc Lighting System (VLS) at an enterprise value of up to $65 crore to a leading European component maker to pare its debt. After the deal, the company will become a debt-free company. 
  • Rail Vikas Nigam (up 4.22%)/Coal India (up 6.41%): RVNL has entered into an MoU with Mahanadi Coalfields Limited (MCL), a subsidiary of Coal India Limited, for entrusting Project Management Consultancy for Rail Infrastructure works of MCL to RVNL from concept to commissioning.
  • PVR: Down 1%. SBI Mutual Fund buys 69,441 shares on April 12, 2022.
  • Jubilant FoodWorks: Down 1.01%. Shares of the company started trading ex-split. The operator of Domino's and Dunkin' Donuts has split its shares from a face value of Rs 10 each to a face value of Rs 2 each. This means that for every single share of the company, investors will now have five in their Demat accounts.
  • L&T (down 1%)/LTI (down 2.91%)/Mindtree (down 1.98%): Larsen & Toubro Infotech has termed the news reports of a merger between Mindtree and L&T Infotech as speculative. In its clarification, the company said at present, we do not have any information that is required to be disclosed.
  • INEOS Styrolution India: Down 17.55%. Promoter INEOS Styrolution APAC Pte Ltd has proposed to sell 25,32,330 equity shares ( representing a 14.4% stake) of the company via an offer for sale (OFS) issue. It has also kept an option to additionally sell 16,88,220 equity shares (9.60% stake) via the OFS. The OFS will open for two days - April 19 and April 20. The floor price for the Sale shall be Rs 800 per Equity Share. 
  • Indraprastha Gas: Down 1.55%. The company has received a letter from the Petroleum and Natural Gas Regulatory Board (PNGRB) for a grant of authorization to the Company for the development of the CGD network in the Geographical areas of Banda, Chitrakoot and Mahoba districts.  
  • Asahi Songwon Colors: Down 1.88%. The company on Monday announced the acquisition of 78 percent stakes of Atlas Life Sciences Private Limited, a manufacturer of bulk pharmaceutical ingredients (APIs), for an all-cash consideration of Rs 48 crore.