Tata Group, auto stocks to EID Parry - here are top Buzzing Stocks today

After oscillating between gains and losses in the early trades, the domestic equity benchmarks are trading with marginal losses in the noon deals of Tuesday. At 12:17 pm, the S&P BSE Sensex was trading at a loss of 114.33 points or 0.19% at 60,431.28. The Nifty 50 index was down by 22.10 points or 0.12% and was trading above the 18,000 level at 18,046.45. 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

Tata Group Stocks: On a move. Stocks like NELCO - up 5%; Tata Power - up 5.29%; Tata Motors DVR - up 5.91% ; Tata Motors - up 3.46%; Trent - up 1.82% and Tata Chemicals - up 2.12% were trading with gains.

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Auto Stocks: On a move with Nifty Auto index trading 1.32% higher. Stocks like TVS Motors - up 8.79%; Ashok Leyland - up 3.83%; Tata Motors - up 3.46%; Bajaj Auto - up 1.19%; M&M - up 0.99% and Hero MotoCorp - up 0.87% were trading with gains.

Auto Ancillary Stocks: On a move. Stocks like Bosch - up 2.42%; Balkrishna Industries - up 1.50%; Bharat Forge - up 1.27% and Exide Industries - up 0.52% were trading with gains.

IT Stocks: On a move with Nifty IT index trading 0.35% higher. Stocks like Mphasis - up 1.83%; Mindtree - up 1.83%; Coforge - up 1.58%; L&T Infotech - up 1.24%; LTTS - up 1.12% and Wipro - up 0.44% were trading with gains.

PSU Banks: On a move with Nifty PSU Bank index trading 0.96% higher. Stocks like Indian bank - up 3.65%; Bank of India - up 2.61%; Central Bank - up 1.80%; PNB - up 1.42%; Maharashtra Bank - up 1.20%; Punjab & Sind Bank - up 1.39% and SBI - up 1.29% were trading with gains.

Pharma Stocks: On a move with Nifty Pharma index trading 0.39% higher. Stocks like Ipca Lab - up 2.78% Aurobindo Pharma - up 1.44%; Divi's Laboratories - up 1.16%; Strides Pharma - up 0.83% and Sun Pharmaceuticals - up 0.78% were trading with gains.

Defence Stocks: On a move. Stocks like BEL - up 4.90%; HAL - up 2.46% and Bharat Dynamics - up 1.30% were trading with gains.

Fertilisers Stocks: On a move. Stocks like Chambal Fertiliser - up 2.52%; FACT - up 1.08% and Mangalore Chemicals - up 2.01%; and GSFC - up 0.70% were trading with gains.

Chemical Stocks: On a move. Stocks like Gujarat Fluorochemicals - up 4.90%; Thirumalai Chemicals - up 4.07%; Tata Chemicals - up 2.12% and Bodal Chemicals - up 0.52% were trading with gains.

Realty Stocks: On a move with Nifty Realty index trading 0.71% higher. Stocks like Macrotech Developers - up 3.91%; Prestige Estate - up 3.29%; Sobha Ltd. - up 3.14%; Sunteck - up 1.39%; Brigade Enterprises - up 1.07%; Indiabulls Real Estate - up 1.05% and Godrej Properties - up 0.91% were trading with gains.

Metal Stocks: On a move with Nifty Metal index trading 0.31% higher. Stocks like Welspun Corp - up 3.39%; National Aluminium - up 3.04%; Adani Enterprises - up 2.17%; Hindustan Copper - up 2.14%; APL Apollo - up 1.20%; SAIL - up 1.04% and NMDC - up 0.86% were trading with gains.

S H Kelkar: Up 14.71%.

ELGI Equipment: Up 9.33%.

Jamna Auto: Up 7.99%.

Sundaram Clayton: Up 6.66%.

Karur Vysya Bank: Up 5.94%.

Tinplate: Up 4.71%.

Linde India: Up 4.24%.

AB Capital: Up 4.48%.

Star Cement: Up 3.24%.

Ashok Leyland: Up 3.73%.

Ahluwalia Contracts: Up 3.81%.

Dixon Technology: up 2.26%.

Indiabulls Housing Finance: Up 3.90%.

Gujarat Gas: Up 3.62%.

Declining Stocks

HDFC: Down 1.36%.

HDFC Bank: Down 1.35%

Power Grid: Down 1.27%.

FMCG Stocks: Under pressure with Nifty FMCG index trading 0.31% lower. Stocks like Varun Beverages - down 3.57%; Britannia - down 2.21%; Godrej Consumer - down 0.68% and Nestle India - down 0.66% were trading at losses.

IPO Update: Paytm IPO + Sapphire Foods IPO

Paytm IPO: The initial public offering (IPO) of One 97 Communications Limited, the parent company of India's leading digital financial services company, Paytm, was subscribed 0.35 times by 12:14 pm on the second day of subscription. The Qualified Institutional Buyers (QIBs) portion of the public issue was subscribed 0.29 times, while the Non Institutional Investors (NIIs) and Retail Individual Investors (RIIs) portions were subscribed 0.03 times and 1.00 times, respectively. The issue will come to a close on Wednesday, November 11, 2021. The company has fixed the price band at Rs 2,080-2,150 per share for the offer as it seeks to raise around Rs 18,300 crore from the issue. The bid lot size is 6 Equity Shares and in multiples thereof.

Sapphire Foods IPO: The initial public offering (IPO) of Sapphire Foods India Limited, a franchise operator of KFC and Pizza Hut restaurants, was subscribed 0.25 times on the first day of opening by 12:11 pm at BSE. The Non Institutional Investors (NIIs) and Retail Individual Investors (RIIs) portions were subscribed 0.01 times and 1.38 times, respectively. Sapphire Foods has fixed the price band of the issue at Rs 1,120-1,180 per share. It seeks to raise up to Rs 2,073.25 crore through the issue. The offer will close on Thursday, November 11, 2021. Investors can bid for a minimum of 12 equity shares and in multiples of 12 shares thereafter.

Earnings Reactions

MRF: Down 1.54%. The tyre company has reported a 54% YoY decline in the consolidated profit at Rs 189 crore for the quarter ended September 30, 2021, as against a profit of Rs 411 crore posted in the year-ago quarter. Its revenue from operations grew 15.6% to Rs 4,908 crore as against Rs 4,244 crore posted last year. EBITDA declined 39.7% to Rs 522 crore as against Rs 866 crore. The margin has also contracted to 10.6% in Q2FY22 as against 20.4% in Q2FY21.

EID Parry: Up 4.91%. The company engaged in the business of Sugar and Nutraceuticals has reported a 23.3% YoY drop in the consolidated profit at Rs 243.8 crore for the quarter ended September 30, 2021, as against a profit of Rs 317.8 crore posted in the year-ago quarter. Its revenue from operations grew 19.6% to Rs 6,978.4 crore as against Rs 5,836.2 crore posted last year. EBITDA dropped by 14.8% YoY to Rs 746.1 crore in the reported quarter from Rs 876 crore posted last year. Its margin has contracted to 10.7% in Q2FY22 from 15% posted in Q2FY21. The company has declared an interim dividend of Rs 5.5 per share.

Talbros Automotive: Up 4.58%. The manufacturer of Gaskets and forging Talbros Automotive Component has reported an 11% YoY rise in the consolidated profit at Rs 11.1 crore for the quarter ended September 30, 2021, as against a profit of Rs 10 crore posted in the year-ago quarter. Its revenue from operations grew 33% YoY to Rs 144 crore in the period under consideration from Rs 108.25 crore posted last year. Its EBITDA grew by 24% to Rs 18.7 crore as against Rs 15.07 crore posted during the previous quarter ended September 2020. The margin contracted to 12.9% in Q2FY22 from 13.9% posted in Q2FY21.

Sobha Ltd.: Up 3.14%. The real estate developer has reported a 198% YoY rise in the consolidated profit at Rs 48.3 crore for the quarter ended September 30, 2021, as against a profit of Rs 16.2 crore posted in the year-ago quarter. Its revenue from operations grew 56.9% to Rs 819.1 crore in the reported quarter from Rs 522 crore posted last year. EBITDA grew 66.8% to Rs 256 crore as against Rs 153.5 crore posted last year. The margin improved to 31.3% in Q2FY22 as against 29.4% posted in Q2FY21.

Aurobindo Pharma: Up 1.44%. The pharmaceutical company's reported a 13.63% YoY decline in the consolidated profit at Rs 697 crore for the quarter ended September 30, 2021, as against a profit of Rs 807 crore posted in the year-ago quarter. Its revenue from operations declined 8% YoY to Rs 5,942 crore as against Rs 6,483 crore posted last year. Revenue after excluding Natrol, dropped by 2% YoY from Rs 6,069 crore. EBITDA dropped by 17% YoY to Rs 1,186 crore as against Rs 1,433 crore posted last year. After excluding Natrol, the EBITDA dropped by 8.4% YoY from Rs 1,295 crore. Its margin declined to 20% in Q2FY22 as against 22% posted in Q2FY21. Besides, the company has filed 27 ANDAs including 5 injectables with USFDA in Q2FY22, which is the highest ever ANDA filings in a quarter by the Company. It received final approval for 7 ANDAs including 2 injectables and 1 505(b)(2) NDA in Q2FY22. The company has launched 6 products including 3 injectables during the quarter. Besides, the board has approved a second interim dividend of Rs 1.50 per equity share for the Financial Year 2021-22. The Company has fixed November 18, 2021, as the Record Date for payment of the second interim dividend, which will be paid on or before November 30, 2021.

Pricol: Up 1.51%. The leading auto parts manufacturer in India has reported a 70.5% YoY drop in its consolidated profit at Rs 14.6 crore for the quarter ended September 30, 2021, as against a profit of Rs 49.51 crore posted in the year-ago quarter. Its revenue from operations grew 4.4% YoY to Rs 407 crore in the period under consideration from Rs 390 crore posted last year. Its EBITDA fell by 11% to Rs 49 crore as against Rs 55 crore posted during the previous quarter ended September 2020. The margin contracted to 12% in Q2FY22 from 15% posted in Q2FY21.

Pitti Engineering: Up 1.41%. The company has reported a 29% YoY rise in the consolidated profit at Rs 12.9 crore for the quarter ended September 30, 2021, as against a profit of Rs 10 crore posted in the year-ago quarter. Its revenue from operations grew 79% YoY to Rs 242.22 crore in the period under consideration from Rs 135.37 crore posted last year. Its EBITDA grew by 43% in the reported quarter to Rs 35.03 crore as against Rs 24.45 crore posted during the previous quarter ended September 2020. However, the margin contracted to 14.4% in Q2FY22 from 18% posted in Q2FY21.

Britannia: Down 2.21%.The biscuit maker has reported a 22.8% YoY decline in its consolidated profit at Rs 382 crore for the quarter ended September 30, 2021, which was below Zee Business analysts’ expectations of Rs 420 crore. It had posted a profit of Rs 495 crore in the year-ago quarter. Its revenue from operations grew 5.5% YoY to Rs 3,607 crore as against Rs 3,419 crore posted last year. EBITDA declined by 17.3% YoY to Rs 558 crore as against Rs 675 crore posted last year. The food and beverage company's margins also declined to 15.5% in Q2FY22 as against 19.75% posted in Q2FY21.

HG Infra Engineering: Down 6.42%. The construction engineering company has reported a 97% YoY rise in the consolidated profit at Rs 74.5 crore for the quarter ended September 30, 2021, as against a profit of Rs 37.9 crore posted in the year-ago quarter. Its revenue from operations grew 62% YoY to Rs 781 crore in the period under consideration from Rs 483 crore posted last year. Its EBITDA grew by 66% in the reported quarter to Rs 151 crore as against Rs 90.7 crore posted during the previous quarter ended September 2020. The margin rose to 19.30% in Q2FY22 from 18.70% posted in Q2FY21.

Tamil Nadu Petroproducts: Down 3.10%. The chemical manufacturer has reported an 80% YoY rise in the consolidated profit at Rs 46.4 crore for the quarter ended September 30, 2021, as against a profit of Rs 25.8 crore posted in the year-ago quarter. Its revenue from operations grew 62% YoY to Rs 459 crore in the period under consideration from Rs 284 crore posted last year. Its EBITDA grew by 76% in the reported quarter to Rs 64.3 crore as against Rs 36.6 crore posted during the previous quarter ended September 2020. The margin rose to 14.02% in Q2FY22 from 12.85% posted in Q2FY21.

Ujjivan Small Finance Bank: Down 4.35%. The small finance bank has reported a consolidated loss of Rs 273.8 crore for the quarter ended September 30, 2021, as against a profit of Rs 96 crore posted in the year-ago quarter. Its net interest income (NII) fell 17% YoY to Rs 391 crore from Rs 470 crore posted last year. During the quarter, Ujjivan SFB’s gross non-performing asset (GNPA) rose sharply to 11.8% from 9.8% in Q1FY22 and 1.2% in Q2FY21. Net non-performing assets (NNPA) rose to 3.3% as of September-end from 2.7% in Q1FY22 and 0.3% in the corresponding quarter of the previous year.

Stocks in News

JBM Auto: Up 8.34%. The Company has received an order for the supply of 200 Air Conditioned Fully Built Low Floor Electric Buses of 12 Meter Length for Delhi Transport Corporation under Govt. of India Flagship Fame II (Faster Adoption and Manufacturing of Electric Vehicle) Policy.'

Force Motors: Up 2.50%. In its October sales update, the company said that its production has increased by 19.7% YoY to 2,044 units in October 2021 as against 1,707 units produced in October 2020. Domestic sales fell 26% to 1,173 units in October 2021 against 1,584 units sold last year. Export sales grew by 81% in the reported month to 565 units against 312 units exported last year.

Vedanta: Down 1.66%. Mining major Vedanta has announced the delisting of its American depository shares (ADSs), representing equity shares of the Company, from the New York Stock Exchange (NYSE), which become effective at the close of trading on NYSE on November 08, 2021. As a consequence of the delisting becoming effective, termination of the deposit agreement under which the ADRs were issued will also become effective close of trading on NYSE on November 8, 2021, the company said in its filing at the BSE.

Easy Trip Planners: Down 1.31%. The Board of Directors of the Company is scheduled to meet on Thursday, November 11, 2021, to consider the proposal for declaration of Interim Dividend, if any, for the financial year 2021-22. The Record Date for payment of Interim Dividend for the Financial Year 2021-22, would be November 22, 2021, subject to a declaration of the said Interim Dividend by the Board of Directors in its meeting to be held on Thursday, November 11, 2021.

Route Mobile: Down 1.09%. The Cloud Communication Platform provider Route Mobile has launched its qualified institutional placement (QIP) on Monday, November 8, 2021, to raise up to Rs 750-1,124 crore. The floor price has been fixed at 1,949.24 per share (a discount of 2% on CMP of 1987.70 at BSE). The Company may, at its discretion, offer a discount of not more than 5% on the floor price so calculated for the QIP. Besides, the Fund Raising Committee of the Company will meet on Friday, November 12, 2021, to consider and determine the issue price of Equity Shares to be issued pursuant to the QIP, including any discount on the floor price.