TVS Electric, Pharma Stocks to MM Forgings - here are the top Buzzing Stocks today

Domestic equity barometers were trading with minor gains in the early noon deals of Tuesday, February 8, 2022. At 12:36 pm, the S&P BSE Sensex was trading 113.74 points or 0.20% higher at 57,734.93. The Nifty 50 index was trading with a gain of 26.10 per cent or 0.15% at 17,239.70. Meanwhile, certain stocks were in action in either direction based on reports linked to them. Here is a list of some of such stocks:

WATCH | Click on Zee Business Live TV Streaming Below:

Buzzing Stocks

TVS Electric: Up 3.36%.
Spandana Sphoorty: Up 3.55%.
Ployplex: Up 3.49%.
Wockhardt Limited: Up 2.58%.
GNFC: Up 3.26%.
Petronet: Up 2.71%.
Bajaj Finserv: Up 1.74%.
Bajaj Finance: Up 2.16%.
Ujjivan Financial Services: Up 1.70%.
Pharma Stocks: On a move. Stocks like Pfizer - up 4.17%; Biocon - up 1.73%; Divi's Lab - 1.71%; Cipla - up 1.27% and Cadila Healthcare - up 1.17% were trading with gains.
FMCG Stocks: On a move. Stocks like Procter & Gamble Hygiene - up 2.30%; Varun Beverages - up 1.07%; Britannia - up 0.65% and ITC - up 0.50% were trading with gains.
Auto Stocks: On a move. Stocks like TVS Motor - up 2.66%; Hero MotoCorp - up 1%; Maruti - up 0,87% were trading with gains.

Declining Stocks

Minda Industries: Down 8.78%.
Tata Power: Down 6.04%.
Gujarat Fluorochemicals Ltd: Down 4.25%.
Gujarat State Petronet: Down 3.64%.
Sundaram Finance: Down 3.32%.
Radico Khaitan: Down 3.67%.
Linde India: Down 3.92%.
Jindal Stainless: Down 2.02%.
Elgi Equipments: Down 3.84%.
Greaves Cotton: Down 3.11%.
Sterlite Technology: Down 2.39%.
Gujarat Gas: Down 3.06%. The stock was trading at a loss before the announcement of its Q3FY22 financial results today.
PSU Banks: Falling. Stocks like Indian Bank - down 2.39%; Union Bank - down 2.31%; Bank of India - down 1.82%; Punjab & Sind Bank - down 1.75%; PNB - down 1.44%; Indian Overseas Bank - down 1.43% and Central Bank - down 0.93% were trading in negative territory.
Private Bank: Falling. Stocks like RBL Bank - down 1.74%; IDFC First Bank - down 1.49%; Federal Bank - down 0.80% and IndusInd Bank - down 0.76% were trading in negative territory.
Realty Stocks: Falling. Stocks like Indiabulls Real Estate - down 3.19%; Macrotech Developers - down 1.53%; DLF - down 1.33%; Suntech Realty - down 1.20% and Godrej Properties - down 1.12% were trading in a negative territory.
Metal Stocks: Falling. Stocks like Hindustan Copper - down 2.30%; National Aluminium - down 2.06%; APL Apollo - down 1.93%; Hindustan Zinc - down 1.66%; NMDC - down 1.36%; SAIL - down 1.36% and Jindal Steel - down 1.14% were trading in negative territory.
IT Stocks: Falling. Stocks like Coforge - down 1.37%; LTTS - down 1.35%; TCS - down 1.08%; Mphasis - down 1.06% and Tech Mahindra - down 0.55% were trading in a negative territory.
Oil & Gas Stocks: Falling. Stocks like GSPL - down 2.95%; Gujarat Gas - down 2.83%; GAIL - down 2.70%; MRPL - down 2.51%; ONGC - down 1.86% and IOC - down 1.63% were trading in negative territory.

IPO + Listing Update

Vedant Fashions IPO: The Rs 3,150 crore initial public offering (IPO) of Vedant Fashions Limited, owner of ethnic wear brand Manyawar was subscribed 0.44 times by 12:23 pm on Tuesday, the third and the last day for bidding. The portion reserved for Qualified Institutional Buyers (QIBs) was subscribed 0.86 times, while the Non Institutional Investors portion and Retail Individual Investors (RIIs) were subscribed 0.10 times and 0.34 times, respectively. The issue will conclude today. The company has fixed a price band of the issue at Rs 824-866 per equity share. A retail investor will be able to apply for the IPO in lots and one lot will comprise 17 shares of the company. The issue is complete an offer for sale (OFS) in which the company’s promoter and existing shareholders will sell 3.64 crore shares.
Adani Wilmar Listing: Shares of Adani Wilmar made a subdued debut on the bourses today with the stock listing at a 4 per cent discount to the issue price before revving up seven per cent. The stock opened at Rs 221 on the BSE and Rs 227 on the National Stock Exchange against an issue price of Rs 230. The Rs 3,600-crore public issue of the FMCG food company had seen a good response from the investor as it was subscribed 17.37 times during January 27-31, 2022. The portion reserved for Qualified Institutional Buyers (QIBs) was subscribed 5.73 times, while the Non Institutional Investors portion and Retail Individual Investors (RIIs) were subscribed 56.3 times and 3.92 times, respectively.

Q3FY22 Earnings

MM Forgings: Up 4.86%. The company has reported an 87% YoY rise in the consolidated profit at Rs 29.4 crore for the quarter ended December 31, 2021. It had posted a profit of Rs 15.64 crore in the corresponding quarter last year. Revenue from operations grew 31% YoY to Rs 297 crore compared to Rs 226 crore posted last year. EBITDA stood at Rs 57 crore, up 60% from Rs 35.6 crore posted last year. Margin improved to 19% in Q3FY22 against 15.7% posted in Q3FY21. 
TVS Motor: Up 2.66%. The two-wheeler maker TVS Motor has reported an 8.3% YoY rise in the standalone profit at Rs 288 crore for the quarter ended December 31, 2021. It had posted a profit of Rs 266 crore in the corresponding quarter last year. Revenue from operations grew 5.8% YoY to Rs 5,706 crore against Rs 5,391 crore posted last year. EBITDA stood at Rs 567 crore, up 11% YoY to Rs 511 crore posted last year. It reported a margin of 9.9% in Q3FY22 against 9.5% posted in Q3FY21. 
AMI Organics: Down 1%. The pharmaceutical company AMI Organics has reported a 36% YoY rise in the consolidated profit at Rs 19 crore for the quarter ended December 31, 2021. It had posted a profit of Rs 14 crore in the corresponding quarter last year. Revenue from operations grew 53% YoY to Rs 141 crore against Rs 92 crore posted last year. EBITDA stood at Rs 30 crore, up 36% YoY from Rs 22 crore posted last year. margin dropped to 21% in Q3FY22 against 24% posted in Q3FY21.
Borosil Ltd.: Down 5.04%. The Indian glassware company Borosil has reported a 9% YoY rise in the consolidated profit at Rs 24 crore for the quarter ended December 31, 2021. It has posted a profit of Rs 22 crore in the corresponding quarter last year. Revenue from operations grew 25% YoY to Rs 237 crore against Rs 190 crore posted last year. EBITDA stood at Rs 36 crore, up 9% YoY against Rs 33 crore posted last year. Margin dropped to 15% in Q3FY22 against 17% posted in Q3FY21. Besides, the board has also approved the demerger of Borosil Technologies Limited and transferred it into Klass Pack Limited, which will be listed on the exchanges. Shareholders will get 3 equity shares of Klass Pack for every 4 shares of Borosil Ltd. 
Shivam Autotech Ltd: Down 4.94%. Auto parts company has reported a 15% YoY decline in the consolidated profit at Rs 4.23 crore for the quarter ended December 31, 2021. It had posted a profit of Rs 4.98 crore in the corresponding quarter last year. Revenue from operations dropped 26% YoY to Rs 114.62 crore compared to Rs 154.88 crore posted last year. EBITDA stood at Rs 27.93 crore, up 35% from Rs 20.75 crore posted last year. Margin improved to 24.37% in Q3FY22 against 13.40% posted in Q3FY21. 
Jindal Stainless Ltd: Down 2.11%. The stainless steel producer has reported a 158% YoY rise in the consolidated profit at Rs 442 crore for the quarter ended December 31, 2021. It had posted a profit of Rs 171 crore in the corresponding quarter last year. Revenue from operations grew 58% YoY to Rs 5,670 crore compared to Rs 3,585 crore posted last year. EBITDA stood at Rs 797 crore, up 68% from Rs 473 crore posted last year. Margin improved to 14% in Q3FY22 against 13% posted in Q3FY21. 
NALCO: Down 1.85%. National Aluminium Company Ltd (Nalco) on Monday reported a 246% YoY jump in its consolidated profit at Rs 831 crore for the quarter ended December 31, 2021. It had posted a profit of Rs 240 crore posted in the corresponding quarter last year. Revenue from operations grew 59% YoY to Rs 3,773 crore against Rs 2,378 crore posted last year. EBITDA stood at Rs 1,190 crore, up 174% from Rs 434 crore posted last year. Margin improved to 31.5% in Q3FY22 from 18.25% posted in Q3FY21. Besides, the company's board has approved payment of the 2nd interim dividend at Rs 3 per share (60% on the Face value of Rs 5 each) on the paid-up equity share capital of Rs.918.32 crores for the financial year 2021-22. The payment of 2nd interim dividend shall be made on or before March 7, 2022, to all eligible shareholders.
PB Fintech Ltd: Down 1.26%. The online financial services platform and owner of PolicyBazaar have reported a consolidated loss of Rs 298 crore for the quarter ended December 31, 2021, against a loss of Rs 19.6 crore posted in the corresponding quarter last year. Revenue from operations grew 73.2% YoY to Rs 367.3 crore against Rs 212.1 crore posted last year. It posted an EBITDA Loss of Rs 318 crore against an EBITDA loss of Rs 22 crore posted last year. Adjusted EBITDA Loss stood at Rs 92 crore against an EBITDA Profit of Rs 2 crore. Adjusted EBITDA is calculated by adding back ESOP Cost. 

Stocks in News

Cigniti Technologies: Up 1.26%. The company today announced the appointment of veteran IT and product engineering industry business leader, Vinay Rawat as Chief Revenue Officer and Sairam Vedam, an award-winning, an expert in global marketing, branding, corporate strategy and digital industry thought leader, as its Chief Marketing Officer.
Biocon Limited: Up 1.87%. Biocon Pharma Limited, a subsidiary of Biocon Limited, received approval of its ANDA for Posaconazole Delayed-Release tablets from the US FDA. This product is indicated for use in the prevention of certain fungal infections in patients with severely weakened immune systems and is available in 100mg strength. This approval further adds to Biocon’s portfolio of vertically integrated complex drug products.
Hero MotoCorp: Up 1%. Hero FinCorp, a privately owned non-banking finance company (NBFC), reportedly, has raised Rs 2,000 crore ($267 million) from global alternative asset manager Apollo, Hero MotoCorp, and other investors. The company has received Rs 937 crore from Apollo Management and Rs 700 crore from Hero MotoCorp. Apollo will have a 9 to 11% stake in Hero FrinCorp due to the transaction.
TTK Prestige: Down 1%. The company has agreed on making a strategic investment in Ultrafresh Modular Solutions Limited (Ultrafresh) engaged in the business of Modular Kitchens and Kitchen Appliances. It will invest Rs 20 crore in the equity shares of the company for its 40.9% stake. Further investments will be made by the Company in due course, to increase its stake up to 51%, as and when the funds required by Ultrafresh are released by the Company based on the progress of the Business Plan as per agreements.
Hindustan Zinc: Down 1.66%. SC dismisses the government's plea against an order to conduct a CBI inquiry on share sale in 2002. 
Thomas Cook (India): Down 1%. With Valentine’s Day approaching and easing of restrictions, Thomas Cook (India) Limited - India’s leading integrated travel services company and its Group Company, SOTC Travel, have announced a range of exceptional products to celebrate the month of love. The companies’ Valentine’s Day holidays come at attractive price points and special offers, with exclusive experiences to make the occasion a memorable one.