Thermax, Gas Stocks to Tata Elxsi - here are the top Buzzing Stocks today

Domestic equity benchmarks were trading at an intraday low in the noon deals of Wednesday, January 19, 2022. At 12:57 pm, the S&P BSE Sensex was trading with a loss of 745.22 points or 1.23% at 60,009.64. The Nifty 50 index was 212.10 points or 1.17% down at 17.900.95. 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

Thermax: 3.17%.
BF Utilities: Up 4.43%.
Nazara Technologies: Up 4.19%.
Chambal Fertilisers: Up 1.13%.
HAL: Up 1.21%.
Shoppers Stop: Up 1.21%.
Tinplate: Up 2.54%.
TCNS Clothing: Up 1.20%.
Gujarat Ambuja Exports: Up 3.26%.
JK Paper: Up 2.05%.
Delta Corp: Up 1.36%.
Biocon: Up 4.72%.
Indus Tower: Up 2.50%.
Eris Lifesciences: Up 1.91%.
KEI Industries: Up 2.64%.
Trent: Up 3.27%.
Dollar Industries: Up 3.09%.
Kaya: Up 2.92%.
Laxmi Machine: Up 4.43%.
Praj Industries: Up 3.71%.
BBTC: Up 4.23%.

Gas Stocks: On a move. Stocks like ONGC – up 2.90%; GAIL – up 2.76%; Gujarat Gas – up 2.09%; GSPL – up 1.70% and IOC – up 0.69% were trading with gains.

Mining Stocks: On a move. Stocks like Coal India – up 1.31%; GMDC – up 0.64% and NMDC – up 0.71%were trading with gains.

PSU Stocks: On a move. Stocks like Coal India – up 1.31%; GAIL – up 2.66%; Bharat Dynamics – up 2.065; NALCO – up 0.47% and ONGC – up 2.905were trading with gains.

Losing Stocks

ICICI Prudential: Down 5.33%.

L&T Infotech: Down 3.19%.

ICICI Securities: Down 3%.

Metropolis: Down 2.92%.

Apollo Hospitals: Down 3.81%.

Paytm: Down 3.47%.

SRF: Down 2.57%.

Banking Stocks: Declining. Stocks like ICICI Bank -down 1.86%; Kotak Bank – down 1.67%; IndusInd Bank – down 1.07%; SBI – down 0.97% and HDFC Bank – down 0.48% were trading in negative territory.

IT Stocks: Declining. Stocks like LTTS – down 6.32%; Mphasis – down 3.73%; LTI – down 3.34%; HCL Technologies – down 2.11% and Infosys – down 1.94% were trading in negative territory.

Realty Stocks: Declining. Stocks like Godrej Properties – down 3.83%; Prestige Estate – down 3.07%; Indiabulls Realty – down 2.66%; Brigade Enterprises – down 2.46% were trading in negative territory.

Q3FY22 Earning Reactions: Bajaj Finance + LTTS + ICICI Prudential + DCM Shriram + Tata Elxsi + Trident + Just Dial + Alok Industries

DCM Shriram Limited: Up 7%. The chemical manufacturer has reported a 38% YoY rise in the consolidated profit at Rs 350 crore for the quarter ended December 31, 2021. It had posted a profit of Rs 253 crore in the corresponding quarter last fiscal. Its consolidated revenue grew 29% YoY to Rs 2,791 crore compared to Rs 2,159 crore. EBITDA grew 46% YoY to Rs 599 crore as against Rs 404 crore posted last year. The margin grew to 21% inQ3FY22 as against 18.71% posted in Q3FY21.
Tata Elxsi: Up 7.66%. The design and technology services provider has reported a 121% QoQ rise in the consolidated profit at Rs 151 crore for the quarter ended December 31, 2021. It had posted a profit of Rs 125 crore in the previous quarter ended September 30, 2021. The company’s revenue from operations grew 7% YoY to Rs 635 crore as against Rs 595 crore posted in the previous quarter. EBIT grew 16% to Rs 196 crore as against Rs 170 crore posted in September 2021 quarter. The margin improved to 31% in Q3FY22 as against 28.5% posted in Q2FY22.

Alok Industries: Up 4.21%. The textile company’s net loss has narrowed to Rs 0.09 crore in the quarter ended December 31, 2021, as against a loss of Rs 35 crore posted in the corresponding quarter of last fiscal. Revenue from operations grew 77% to Rs 2,130 crore in the reported quarter as against Rs 1,202 crore posted last year. EBITDA grew 45% to Rs 199 crore as against Rs 137 crore posted last year. However, its margin contracted to 9.3% in Q3FY22 as against 11.4% posted in Q3FY21.

Bajaj Finance: Down 2.66%. The leading financial services company on Tuesday reported an 85% YoY jump in the consolidated profit at Rs 2,125 crore for the quarter ended December 31, 2021. It had posted a profit of Rs 1,146 crore in the corresponding quarter last fiscal. The non-banking lender’s net interest income (NII) grew 40% YoY to Rs 6,000 crore as against Rs 4,296 crore posted last year. Net interest margin (NIM) grew 13.24% in Q3FY22 as against 11.96% posted in Q3FY21. Under asset quality, gross non-performing assets (GNPA) stood at 1.73% in Q3FY22 as against 2.45% posted in Q2FY22. The net NPAs of the company at the end of the December quarter stood at 0.78% against 1.10% in the previous September quarter. The company’s assets under management (AUM) grew 26% YoY to Rs 1,81,250 crore. It made provisions of Rs 1,051 crore in the reported quarter against Ra 1,300 crore posted in the previous quarter. The restructured bool of the company stood at Rs 1,454 crore against Rs 1,512 crore posted in September 2021 quarter. The company’s cost of funds has further reduced to 6.72% vs 6.77% QoQ. It will infuse up to Rs 2500 crore in Bajaj Housing Finance & up to Rs 400 crore in Financial Securities.

LTTS: Down 6.32%. L&T Technology Services reported an 8.3% QoQ rise in the consolidated profit at Rs 249 crore for the quarter ended December 31, 2021. It had posted a profit of Rs 230 crore in the previous quarter ended September 30, 2021. The company’s revenue from operations grew 5% QoQ to Rs 1,688 crore against Rs 1,608 crore posted in the previous quarter. The revenue in dollar terms grew 3.5% to $ 22.51 crore as against $21.74 crore posted in September 2021 quarter. Its EBIT stood at Rs 314.4 crore, up 6.2% QoQ from Rs 296 crore posted in the previous quarter. The margin grew 18.6% in Q3FY22 from 18.4% posted in Q2FY22. The company has sustained the performance trajectory with sequential growth of 4.2% in the constant currency. Besides, the company has also declared an interim dividend of Rs 10 per share. Attrition level increased to 17.5% in the reported quarter against 16.5% posted in Q2FY22. In addition, the company in a statement said that it is seeing strong traction in the auto vertical and maintains FY22 revenue guidance of 19-20%. It also expects to sustain an EBIT margin of 18%+. Also, the company has announced that it has been awarded a deal worth USD45 million from a U.S. based automotive Tier 1 company, to be its strategic engineering partner and provide engineering services for its Electric Vehicle (EV) product portfolio. Under the terms of the 5-year agreement, LTTS will work with the customer to deliver solutions leveraging its e-mobility technology competence. Notably, this will be delivered from LTTS’ ER&D centre in Krakow, Poland.

ICICI Prudential: Down 6.08%. The company has reported a 2% YoY rise in profits at Rs 311 crore for the quarter ended December 31, 2021. It had posted a profit of Rs 305 crore in the corresponding quarter of the last fiscal. Net premium income grew 1.1% YoY to Rs 9,074 crore as against Rs 8,971 crore posted last year. However, the total revenue of the company fell 65% YoY to Rs 9,865 crore in the reported quarter against Rs 28,547 crore. The revenue declined as the investment income was much lower. The company’s Annualized Premium Equivalent (APE) grew 15.8% to Rs 1,929 crore as against Rs 1,666 crore posted last year. Value of New Business (VNB) grew to Rs 515 crore as against Rs 428 crore while VNB margin grew to 26.70% in Q3FY22 as against 25.70% posted in Q3FY21. The life insurer’s new business premium grew 10% YoY to Rs 3,787 crore as against Rs 3,443 crore posted last year.

Trident: Down 4.95%. Textile firm Trident Ltd on Tuesday reported an 88% YoY jump in the consolidated profit at Rs 211 crore for the quarter ended December 2021. It had posted a profit of Rs 112 crore in the corresponding quarter of the previous financial year. Its revenue from operations grew 52% to Rs 1,980 crore as against Rs 1,303 crore posted last year. EBITDA grew 68% to Rs 406 crore as against Rs 242 crore. The margin improved to 21% in Q3FY22 from 19% posted in Q3FY21.

Just Dial: Down 3.43%. The internet technology company has reported a 62% YoY decline in the consolidated profit at Rs 19 crore for the quarter ended December 31, 2021. It had posted a profit of Rs 50 crore in the corresponding quarter of the last fiscal. The company’s revenue from operation fell 7% to Rs 159 crore as against Rs 170 crore posted last year. EBITDA fell 86% YoY to Rs 5.4 crore in the reported quarter as against Rs 39 crore posted last year. The company’s margin contracted to 3.4% in Q3FY22 as against 22.7% in Q3FY21.

Stocks in News

Raymond: Up 3.34%. 'Ten X Realty Limited', the step-down wholly-owned subsidiary of the Company, has signed a binding term sheet for the joint redevelopment of a residential project in the western suburban district of Mumbai. The project is estimated to have, in aggregate, a revenue potential of around Rs 2,000 crore for the next 5 years. This is in line with the Company's growth plan to expand its Realty horizons beyond Thane.

Shalimar Paints: Up 5.61%. Hella Infra Market Private Limited, the parent company of Infra.Market has announced its proposal to invest an amount of Rs 270 crores through a combination of equity and debentures in Shalimar Paints Limited, subject to shareholders' and necessary regulatory approvals. SPL is a professionally managed company, a pioneer in the Indian Paints industry with a brand legacy of over 120 years. The company is engaged in the manufacturing and marketing of decorative paints, industrial coatings, and allied product categories. Hella will invest Rs 215 crore through equity and the remaining Rs 55 crore through debentures. Shalimar Paints will issue 1.79 crore shares at Rs 120 per share to Hella and debentures will be issued at Rs 180 per share.

Tata Motors: Up 0.70%. Ace investor Rakesh Jhunjhunwala has increased his stakes in the company from 1.11% to 1.18%. Besides, Tata Motors will hike prices marginally for its passenger vehicles with effect from today as the company passes on some input costs to customers. An average increase of 0.9% will be implemented, depending on the variant and model. In addition, the company will also launch CNG models of Tata Tiago, Tigor today.

Asian Paints: Down 2.78%. In Q3 LIC increases stake to 1.85% Vs 1.49%.

Jubilant Foodworks: Down 1.46%. Launches the iconic US Chicken Brand Popeyes in India.