Indian Stock markets were trading with small gains in the noon deals of Thursday, March 31, 2022. At 1:05 pm, the S&P BSE Sensex was trading with a gain of 59.73 points or 0.10% at 58,743.72. The Nifty 50 index was trading 19.70 points or 0.11% up at 17,517.95. 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

  • Suven Life Sciences: Up 13.89%.
  • Poly Medicure: Up 5.76%.
  • KEI Industries: Up 5.62%.
  • Sharda Cropchem: Up 8.87%.
  • Birla Corporation: Up 5.82%.
  • GCPL: Up 2.27%.
  • Dhanuka Agritech: Up 2.59%.
  • Tata Communications: Up 5.65%.
  • V-Mart Retail: Up 3.21%.
  • Mahindra Lifesciences: Up 3.60%.
  • Century Plyboards: Up 4.11%.
  • Kansai Nerolac: Up 4.34%.
  • Bajaj Holding: Up 1.73%.
  • Bajaj Finance: Up 1.04%.
  • Cartrade Tech: Up 1.29%.
  • Cera Sanitaryware: Up 1.40%.
  • Astra Micro: Up 1.48%.
  • Thyrocare: Up 2.99%.
  • Dr Lal PathLabs: Up 1.89%.
  • DFM Foods: Up 4.39%.
  • IFB Agro: Up 16.03%.
  • Balkrishna Industries: Up 2.36%.
  • Sundaram Finance: Up 2.06%.
  • Brigade Enterprises: Up 2.94%.
  • Can Fin Homes: Up 2.77%.  
  • Home First Finance: Up 1.49%.
  • Mastek: Up 2.91%.
  • Cigniti Technologies: Up 1.21%.
  • Escorts: Up 2.61%.
  • P&G Hygiene: Up 1.90%.
  • Apollo Tyres: Up 1.72%.
  • Cochin Shipyard: Up 1.35%.
  • Escorts: Up 2.79%.
  • M&M: Up 1.92%.
  • Hero MotoCorp: Up 1.28%.
  • AU Small Finance Bank: Up 3.17%.
  • Gokaldas Exports: Up 4.07%. Meanwhile, the stock hit the life high of Rs 438.80 per share in the intraday trade, earlier, today.
  • Tata Elxsi: Up 2.47%. Meanwhile, the stock hit the life high of Rs 9,420 per share in the intraday trade, earlier, today.
  • Astec Life: Up 2.35%. Meanwhile, the stock hit the life high of Rs 1,854 per share in the intraday trade, earlier, today.
  • Godrej Group Stocks: On a move. Stocks like Godrej Industries - up 2.88%; Godrej Consumers - up 2.41% and Astec Life - up 2.35% were trading with decent gains.
  • Auto Ancillary Stocks: On a move. Stocks like Minda Corp - up 2.70%; Automotive Axle - up 4.46%; Craftsman Automation - up 3.09%; Motherson Sumi - up 2.03% and NRB Bearings - up 2.27% were trading with decent gains.
  • FMCG Stocks: On a move. Stocks like Marico - up 2.54%; Godrej Consumer - up 2.41%; Procter & Gamble Hygiene - up 1.84%; Dabur - up 1.66%; Britannia - up 1.46% and Tata Consumer - up 1.32% were trading with decent gains.
  • Metal Stocks: On a move. Stocks like National Aluminium - up 3.21%; Ratnamani - up 2.99%; Jindal Steel - up 2.68%; Vedanta - up 2.67%; NMDC - up 2.32%; Hindustan Copper - up 2.29% and JSW Steel - up 1.78% were trading with decent gains.
  • Consumer Durables Stocks: On a move. Stocks like TVS Electronics - up 8.41%; TTK Prestige - up 3.06; Kajaria Ceramics - up 1.21% and Relaxo - up 1.39% were trading with decent gains.
  • Oil & Gas Stocks: On a move. Stocks like Oil India - up 2.28%; Hindustan Petroleum - up 1.97%; Indian Oil - up 1.88%; Gujarat Gas -up 1.63%; GAIL - up 130% and ONGC - up 1.17% were trading with decent gains.
  • Packaging Stocks: On a move. Stocks like Cosmo Films - up 3.68%; Polyplex Corp - up 3.15%; Ester Industries - up 3.60%; and Jindal Poly - up 2.01% were trading with decent gains.
  • Brokerage Houses Stocks: On a move. Stocks like Edelweiss Financial - 17.11%; Geojit Financial - up 5.40% and Religare Enterprises - up 3.98% were trading with decent gains.
  • Chemical Stocks: On a move. Stocks like Neogen Chemicals - up 5.93%; NOCIL - up 5.74%; India Glycols - up 2.80%; Deepak Nitrite - up 1.76% ; Tatva Chintan - up 1.94% and Valiant Organics - up 3.89% were trading with decent gains.
  • Fertilizer Stocks: On a move. Stocks like Deepak Nitrite - up 1.76%; GNFC - up 2.96% and GSFC - up 1.73% were trading with decent gains.
  • Hosiery Stocks: On a move. Stocks like VIP Clothing - up 1.04%; Page Industries- up 3.30% and Lux Industries - up 1% were trading with decent gains.
  • Leather Stocks: On a move. Stocks like Khadim India - up 1.99%; Mirza International - up 1.88% and Relaxo Footwears - up 1.39% were trading with decent gains.

 

Losing Stocks

  • Reliance Industries: Down 1.14%. Cipla: Down 1.08%.
  • PG Foils: Down 1.44%.
  • Tourism Finance Corporation: Down 2.50%.
  • Phoenix Mills: Down 2.12%.
  • Bank of Baroda: Down 1.05%.
  • Tilaknagar Industries: Down 1.33%.
  • Newgen Software: Down 1.82%.
  • Firstsource: Down 1.02%.
  • Hindalco: Down 4.11%.
  • Dishman Carbogen: Down 2.82%.
  • Mahindra Logistics: Down 1.97%.
  • KIMS: Down 1.94%.
  • Varun Beverages: Down 1.65%.
  • Madras Fertilizers: Down 4.85%.
  • SPIC: Down 1.43%.
  • Bharat Dynamics: Down 1.47%.
  • JOCIL: Down 3.90%.
  • Shoppers Stop: Down 2.15%.
  • IPCA Laboratories: Down 3.01%.
  • Supreme Petrochem: Down 2.42%.
  • Pharma Stocks: Under Pressure. Stocks like IPCA Labs - down 2.38%; Strides Pharma - down 1.40%; Divi's Laboratories - down 1.39%; Alkem - down 1.39% and Zydus Life Sciences - down 1.15% were trading in the negative territory. The stocks were trading low as over 800 essential drugs price is likely to increase from April 1, 2022.
  • Hotel Stocks: Under Pressure. Stocks like Oriental Stocks - down 1.88%; Kamat Hotels - down 1.74%; Mahindra Holidays - down 1.53%; Indian Hotels - down 1.53% and Taj GVK - down 1.19% were trading in the negative territory.
  • Cement Stocks: Under Pressure. Stocks like Everest Industries - down 4.10%; KCP Ltd. - down 2.10%; Sagar Cement - down 1.76%; JK Lakshmi Cement - down 1.35% and Ramco Cements - down 1.49% were trading in the negative territory.
  • Financial Stocks: Under Pressure. Stocks like Piramal Enterprises - down 1.83%; Cholamandalam Investment - down 1.62%; SBI Cards - down 1.35% and HDFC Life - down 1.24% were trading in the negative territory.

 

IPO Update: Hariom Pipe IPO + Veranda Learning IPO 

  • Hariom Pipe IPO: The Rs 130.05-crore initial public offering of Hariom Pipe Industries was subscribed 1.03 times by 12:56 pm on Wednesday, March 30, 2022, the second day of bidding. The portion reserved for retail individual investors (RIIs) was subscribed 2.88 times. The Non-Institutional Investors (NIIs) portion was subscribed 0.06 times. The qualified Institutional Buyers (QIBs) portion was not subscribed. Hyderabad-based Hariom Pipe Industries has been fixed the price band at Rs 144-153 per share. Investors can bid for a minimum of 98 shares and in multiples of 98 shares thereafter. The offer will close on April 5, 2022.
  • Veranda Learning IPO: The Rs 200-crore initial public issue (IPO) of Veranda Learning Solutions was subscribed 1.59 times by 12:56 pm on Thursday, the last day for the subscription. The Qualified Institutional Buyers (QIBs) portion was subscribed only 0.35 times and the Non-Institutional Investors (NIIs) portion was subscribed 1.18 times. The portion reserved for Retail Individual Investors (RIIs) was subscribed 8.56 times. The hybrid educational technology firm has fixed the price band at Rs 130-137 per share. The retail investors can bid for a lot of 100 equity shares and in multiples of 100 shares thereof. The IPO of Veranda Learning Solutions will remain open till March 31, 2022.

 

Stocks in News

  • BEML: Up 4.17%. BEML's disinvestment picks up pace and possible decision on the demerger of non-core assets soon, sources informed Zee Business. MCA has convened a meeting next week for demerger which can also be approved during the same meeting. DIPAM has submitted all papers. Government has plans to sell more than a 26% stake.
  • ONGC: Up 1.17%. The government's Offer-For-Sale (OFS) in India's top oil and gas producer was subscribed 3.57 times by non-retail investors. The government will exercise the Green Shoe option. The OFS sale will open for retail investors today. The government is selling 1.5% stakes in ONGC at a floor price of Rs 159 apiece.
  • HAL: Up 3.09%. The Cabinet Committee on Security (CCS) has approved the procurement of 15 Light Combat Helicopter Limited Series Production at the cost of Rs 3,887 crore from HAL. Rs 377 crore has been sanctioned for the creation of basic infrastructure.  
  • MSTC: Up 3.01%. The government has invited global bids for the strategic sale of Ferro Scrap Nigam Ltd (FSNL) and has released a Preliminary Information Memorandum (PIM). The last date for sending bids is May 5, 2022. FSNL is a 100% subsidiary of MSTC. The Union Cabinet gave in-principal approval for disinvestment on October 27, 2016.
  • Kirloskar Electric: Up 3.33%. The company has executed a Sale Deed affecting the sale of the Company’s non-core asset situated at Hubli for a consideration of Rs 100 crore.
  • Cosmo Films: Up 3.42%. The company has announced expansion by setting up a CPP film production line at Aurangabad with an annual rated capacity of 25,000 MT. The CPP line will require an investment of about Rs 140 crore to be funded through internal accruals and debts and is expected to commence commercial production in 2 years.
  • Max Healthcare: Down 2.33%. Private equity fund Kayak Investments, a KKR-affiliated entity, will sell a stake worth $50 crore (Rs 3,750 crore) in Max Healthcare via a block deal today. (The base size of the deal stands at $37.5 crore or Rs 2,800 crore). The price band has been fixed at Rs 340-361 per share. A discount of 0-5% can be available on the deal. 

 

BULK DEALS  

  • Stylam Industries: Down 1.09%. Abakkus Growth Fund-2 bought 3.13 lakh shares at Rs 900/share. Lighthouse Emerging India Investors sold 4.25 lakh shares at Rs 900.18/share. 
  • RBL Bank: Up 1.24%. Integrated Core Strategies (Asia) Pte bought 40.36 lakh shares at Rs 129.37/share. Nippon India MF sold 51.02 lakh shares at Rs 129.03/share. 
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