Domestic stocks markets were trading at a loss of more than half a per cent in the early noon deals of Friday, January 21, 2022. At 12:46 pm, the S&P BSE Sensex was trading at a loss of 313.34 points or 0.53% at 59,151.28. The Nifty 50 index was down 101.20 points or 0.57% and was trading at 17,665.80. 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

Triveni Turbine: Up 5.60%.
Hikal: Up 5.40%.
Jyothi Labs: Up 1.14%.
Persistent Systems: Up 1.97%.
Credit Access Grameen: Up 3.36%.
Jamna Auto: Up 5.57%.
Lakshmi Machine: Up 2.09%.
Nucleus Software: Up 6.47%.
CCL Products: Up 3.82%.
NACL: Up 1.49%.
LG Balakrishnan: Up 5.49%.
Kopran: Up 4.99%.
Linde India: Up 4.15%.
IIFL Finance: Up 2.31%.
SIS India: Up 1.66%.
TVS Motor: Up 1.95%.
Trident: Up 2.40%.
Tata Elxsi: Up 3.33%. Meanwhile, the stock hit a life high at Rs 7,800 per share in the intraday trade today.
Tea & Coffee Stocks: On a move. Stocks like Coffee Day - up 6.84%; CCL Products – up 3.91%; Tata Coffee – up 0.46% and McLeod Russel – up 0.75%; were trading with gains.
Packaging Stocks: On a move. Stocks like Cosmo Films – up 2.26%; Jindal Poly – up 0.89%; Tinplate – up 2.24% and Ployplex - up 0.54% were trading with gains.
Gaming Stocks: On a move. Stocks like Delta Corp – up 1.32% and OnMobile Global – up 1.58%; were trading with gains.
Railway Stocks: On a move. Stocks like RVNL – up 1.34%; Titagarh Wagons – up 5.34%; Walchandnagar Industries – up 0.40% and KEC International – up 1.38% were trading with gains.

Falling Stocks

Bajaj Finance: Down 1.28%.  
Bajaj Finserv: Down 3.91%.
Nazara Technologies: Down 1.11%.
Max Financial Services: Down 3.31%.
Bharti Airtel: Down 1.89%.
CCL Products: Down 3.78%
Greaves Cotton: Down 3.10%.
IT Stocks: Declining. Stocks like Infosys – down 1.96%; L&T Technologies – down 2.69% and Tech Mahindra – down 2.99% were trading in negative territory.
Diagnostic Stocks: Declining. Stocks like Dr Lal Path Labs – down 3.80%; Thyrocare – down 2.30%; Krsnaa Diagnostics – down 1.53% and Metropolis – down 0.22% were trading in negative territory. The Delhi government on Thursday capped the cost of RT-PCR tests for coronavirus disease both at private laboratories and hospitals as well as for samples collected from home slashed to Rs 500 from the earlier Rs 700. It has also slashed the prices of the Rapid Antigen Test (RAT). The RT-PCR test at labs and hospitals has been capped at Rs 300 from the earlier Rs 500, while the RAT has been reduced to Rs 100 as against Rs 300 earlier. For home collection, the cost of the RT-PCR test has been slashed to Rs 500 from the earlier Rs 700. The antigen test has been reduced to Rs 100. 

Q3FY22 Earnings Reactions 

  • Biocon: Up 4.60%. The Biopharmaceutical company has reported a 17.68% YOY rise in profit at Rs 219.6 crore for the quarter ended December 31, 2021. It has posted a profit of Rs 186.6 crore in the corresponding quarter last fiscal. The company’s revenue from operations grew 17% to Rs 2,174 crore compared to Rs 1,857 crore posted last year. EBITDA grew 25% to Rs 489 crore compared to Rs 400 crore posted last year. The margin grew to 22.5% in Q3FY22 compared to 21.5% posted in Q3FY21. 
  • Mphasis: Up 1.78%. The IT firm has reported a 5% QoQ rise in the consolidated profit at Rs 358 crore for the quarter ended December 31, 2021. It has posted a profit of Rs 341 crore in the previous quarter ended September 30, 2021. The company’s revenue from operations grew 8.9% QoQ to Rs 3,124 crore compared to Rs 2,869 crore posted in the previous quarter. Its EBIT grew 9.3% to Rs 471 crore compared to Rs 431 crore posted in September 2021 quarter. Its margin grew 15.1% in Q3FY22 from 15% posted in Q2FY22. Besides, Mphasis and CrossTower partner to develop a ‘Center of Excellence in Web 3.0 and Blockchain technologies.
  • Persistent Systems: Up 1.17% The technology services company has reported an 8.6% QoQ rise in the consolidated profit at Rs 176 crore for the quarter ended December 31, 2021. It had posted a profit of Rs 162 crore posted in the previous quarter ended September 30, 2021. The company’s revenue from operations grew 10.4% QoQ to Rs 1,492 crore compared to Rs 1,351 crore posted in the previous quarter. Its revenue in dollar terms grew 9.3% to $19.9 crore compared to $18.23 crore. EBIT grew 11.8% QoQ to Rs 209 crore compared to Rs 187 crore posted last year. The margin grew to 14% in Q3FY22 from 13.8% posted in Q2FY22. The board has approved an interim dividend of Rs 20 per share. 
  • Havells: Down 5.29%. Consumer electrical goods maker has reported a decline of 12% in the net profit at Rs 306 crore for the quarter ended December 31, 2021. It had posted a profit of Rs 349 crore posted in the corresponding quarter of last fiscal. The company’s revenue from operations grew 15% to Rs 3,652 crore in the reported quarter compared to Rs 3,166 crore posted last year. EBITDA fell 13% to Rs 441 crore compared to Rs 508 crore posted last year. Margin dropped to 12% in Q3FY22 compared to 16% posted in Q3FY21. The company’s ad expenses increased to Rs 100 crore in the December 2021 quarter against Rs 51 crore posted last year.
  • Concor: Down 4.09%. State-owned Container Corporation of India Ltd (Concor) has reported a 20.4% rise in the net profit at Rs 286.5 crore for the quarter ended December 31, 2021. It had posted a net profit of Rs 237.9 crore in the corresponding quarter a year ago. The multi-modal logistics company’s revenue from operations grew 9.5% to Rs 1,920 crore compared to Rs 1,753.8 crore posted last year. The EBITDA grew 22.5% to Rs 455.6 crore compared to Rs 371.9 crore posted last year. The margins stood at 23.7% in Q3FY22 compared to 21.2% posted in Q3FY21. Besides, the company has made provisions of Rs 223 crore for land license fees while the reduction in employee cost aids earnings. Its EXIM Revenue grew 2.4% to Rs 1329.5 crore; domestic revenue was 30% up at Rs 590.5 crore. The board has approved an interim dividend of Rs 2/share and fixed February 3, 2022, as the record date for the same.  
  • PNB Housing Finance: Down 4.99%. The housing finance company has reported a 19% YoY decline in the consolidated profit at Rs 189 crore for the quarter ended December 31, 2021. It had posted a profit of Rs 232 crore in the corresponding quarter last year. Net interest income fell 19% YoY to Rs 415 crore compared to Rs 512 crore posted last year.
  • Sasken Technologies: Down 9.56%. The telecommunications company has reported a 19% QoQ decline in the consolidated profit at Rs 30 crore for the quarter ended December 31, 2021. It had posted a profit of Rs 37 crore in the previous quarter ended September 30, 2021. The company’s revenue from operations fell 3% QoQ to Rs 106 crore from Rs 109 crore posted in September 2021 quarter. EBIT declined 10% to Rs 30 crore against Rs 33 crore posted in the previous quarter while the margin contracted to 28% in Q3FY22 from 30% posted in Q2FY22.
  • Bajaj Holdings: Down 2.61%. The Non-Banking Financial Company (NBFC) has reported a 10% YoY decline in the consolidated profit at Rs 1,040 crore for the quarter ended December 31, 2021. It has posted a profit of Rs 1,150 crore in the corresponding quarter of last fiscal. Revenue from operations dropped 4% YoY to Rs 965 crore compared to Rs 100 crore posted last year. 
  • Lyka Labs: Down 4.99%. The pharmaceutical company has reported a consolidated profit of Rs 6 crore for the quarter ended December 31, 2021. It had posted a loss of Rs 2.3 crore in the corresponding quarter last fiscal. The company’s revenue from operations grew 33% to Rs 36 crore compared to Rs 27 crore posted last year. EBITDA grew 117% to Rs 13 crore compared to Rs 6 crore posted last year. Margin improved to 37% in Q3FY22 against 22.4% posted in Q3FY21. 

AGS Transact Technologies IPO: The Rs 680 crore initial public offering (IPO) of AGS Transact Technologies, a payment solutions provider, was subscribed 1.81 times by 13:38 pm on Friday, the third and final day for bidding. The Qualified Institutional Buyers (QIBs) was subscribed 0.81 times while the Non Institutional Investors portion was subscribed 1.51 times and the Retail Individual Investors (RIIs) portion was subscribed 2.51 times. Today, i.e., Friday, January 21, 2022, is the last day for bidding for the issue. The company has fixed a price band of the IPO at Rs 166-175 per share. The IPO is entirely an offer for sale (OFS) by a promoter and other selling shareholders. Retail investors can bid for a minimum of 85 equity shares and in multiples of 85 shares thereafter.

Stocks in the News

Surya Roshni: Up 1.09%. The company has obtained orders amounted to Rs 65.40 crore (excluding GST) for the supply of ERW Line Pipe (API- 5L) for Gas Projects to ONGC and Rs 57.77 crore (excluding GST) for the supply of MS (Make: Surya) Bare Pipes 3 LPE Coated for Water Supply Project from Chambal- Bhilwara WSP (Phase-I) through Vishnu Prakash R Punglia Ltd.

Kaveri Seeds: Up 3.01%. Abakkus Emerging Opportunities Fund-1 buys a 1.07% stake in Q3FY22.

Marico: Down 1.95%. LIC Increased its stake in the company from 3.41% to 3.71% in Q3FY22.

Vedanta: Down 1%. Anil Agarwal, Chairman, Vedanta, has said to Reuters that the company is creating a fund of $10 billion (Rs 7,500 crore). The fund will be used to bid for assets including the Indian Government’s stake in Bharat Petroleum Corp Ltd (BPCL) among others. The company may finance BPCL’s stake acquisition through debt as it will have no trouble in raising the funds. The fund will be made up of its own resources and outside investment. It is also exploring opportunities for new zinc, gold and magnesium mines in Saudi Arabia. Agarwal said $2 billion (Rs 1,500 crore) worth of investment will be required to tap opportunities in the kingdom.

Godrej Properties (down 1.82%)/ Kolte Patil (down 0.98%): Maharashtra government is contemplating waiving property tax on houses with an area of up to 500 sq ft in Thane city – after a similar relief for Mumbai residents. The issue was discussed by the state cabinet.