Domestic equity benchmarks, the Sensex and the Nifty 50 index, were trading at fresh intraday highs in early noon deals of Monday, January 31, 2022, tracking positive Asian stocks. At 12:37 pm, the S&P BSE Sensex was trading with a gain of 939.18 points or 1.65% at 58,139.41 while Nifty 50 was up 267.50 points or 1.56% at 17,369.45. Meanwhile, certain stocks were in action in either direction based on reports linked to them. Here is a list of some of such stocks:

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Buzzing Stocks

Chemplast Sanmar: Up 15.19%.
Route Mobile: Up 8.06%. 
PNB Gilts: up 12.72%.
Tata Elxsi: Up 6%. 
Bharat Dynamics: Up 3.05%.
HAL: Up 3.16%. 
CCL products: Up 7.47%. 
Jubilant FoodWorks: Up 5.18%. 
Gujarat Fluorochemicals: Up 10.15%. 
NIIT Ltd: Up 13.61%. 
New India Assurance: Up 3.76%. 
Thermax: Up 3.43%. 
PI Industries: Up 2.77%. 
Birlasoft: Up 4.49%. 
GIC: Up 2.05%. 
Deepak Fertilizers: up 4.99%.

IT Stocks: On a move. Stocks like Mindtree - up 6.41%; Larsen & Toubro Infotech - up 5.62%; Tech Manindra - up 4.82%; Wipro - up 3.22%; Infosys - up 3.22% and L&T Technology Services - up 3.05% were trading with gains. 

Petro Product Stocks: On a move. Stocks like Andhra Petrochemicals - up 1.74%; Chennai Petroleum - up 2.77%; IG Petrochemicals - up 1.76% and GP Petroleums - up 1.56% were trading with gains. 

Oil & Gas Stocks: On a move. Stocks like BPCL - up 3.87%; Reliance - up 2.70%; INGC - up 2.67%; IOC - up 2.42%; ATGL - up 2.42%; GSPL - 
up 2.33%; GAIL - up 1.48%; Oil India - up 1,285 and Hindustan Petroleum - up 1.21% were trading with gains.

Tourism Stocks: On a move. Stocks like Tourism Finance Corp - up 3.65%; IRCTC - up 2.55%; ITDC - up 1.89%; BLS International - up 4.98% and Mahindra Holidays - up 2.64% were trading with gains. 

Consumer Durable Stocks: On a move. Stocks like Havells - up 2.99%; Rajesh Export - up 2.12%; Titan - 1.78%; Voltas - up 1,73% and Amber Enterprises - up 1.25% were trading with gains. 

Realty Stocks: On a move. Stocks like Godrej Properties - up 4.07%; Phoenix Mills - up 3.71%; Brigade Enterprises - up 3.65%; Prestige Estate - up 3.13%; DLF - up 2.76%; Oberoi Realty - up 2.57% and Macrotech Developers - up 2.10% were trading with gains. 

Metal Stocks: On a move. Stocks like Welspun Corp - up 2.92%; Jindal Steel - up 1.87%; Hindalco - up 1.47% and Tata Steel - up 1.36% were trading with gains. 

Chemical Stocks: On a move. Stocks like Foseco India - up 2.88%; Tanfac Industries - up 5% and Paushak Ltd - up 5.53% were trading with gains.

PSU Banks: On a move. Stocks like Indian Bank - up 5.60%; Canara Bank - up 5.44%;  SBI - 2.42%; Bank of Baroda - up 2.18%; UCO Bank - up 1.86% and PNB - up 1.47% were trading with gains.

Falling Stocks

Solar Industries: Down 4.02%. 
UTI AMC: Down 3.98%
Relaxo Footwear: Down 2.62%. 
 

Q3FY22 Earning Reactions

Info Edge: Up 7.96%. The leading internet company Info Edge has reported a 96.1% QoQ decline in the standalone profit at Rs 329 crore for the December 2021 quarter against Rs 8,356 crore posted in the previous quarter ended September 2021. Adjusted profit grew 6.9% QoQ to Rs 108 crore compared to Rs 101 crore posted in September 2021 quarter. Revenue from operations grew 14.5% QoQ to Rs 403 crore against Rs 352 crore posted in the previous quarter. EBITDA grew 5.6% QoQ to Rs 112 crore against Rs 106.1 crore posted last year. Margin contracted to 27.8% in Q3FY22 from 30.1% posted in Q2FY22. Exceptional Items fell 97.7% to Rs 218 crore against Rs 9,294 crore. 

Marico: Up 2.86%. FMCG major Marico has reported a 1.6% YoY rise in the consolidated profit at Rs 317 crore for the December 2021 quarter as against a profit of Rs 312 crore posted in the same quarter last year. Revenue from operations came in at Rs 2,407 crore, up 13.4% YoY against Rs 2,122 crore posted last year. EBITDA grew 4.3% YoY to Rs 431 crore compared to Rs 413 crore posted last year. Margins dropped to 17.9% in Q3FY22 from 19.5% posted in Q3FY21.   

UBL: Up 5.05%. United Breweries Ltd (UBL), majorly owned by Dutch multinational brewing company Heineken NV, has reported a 28% YoY decline in the consolidated profit at Rs 91 crore for the December 2021 quarter against a profit of Rs 127 crore posted in the corresponding quarter last year. However, the company's adjusted profit grew 28% YoY to Rs 91 crore against Rs 71 crore posted last year (exceptional gain of 55 last year). Revenue from operations grew 23% YoY to Rs 1,583 crore compared to Rs 1,291 crore posted last year. EBITDA was flat at Rs 174 crore. Margin contracted to 11% in Q3FY22 compared to 14% posted in Q3FY21. 

Larsen & Toubro (L&T): Up 1.24%. Engineering and construction giant Larsen & Toubro have reported a 16.7% YoY decline in the consolidated net profit of Rs 2054.74 crore for the quarter ended December 31, 2021. It had posted a profit of Rs 2466.71 crore in the same quarter last year. Profit dip due to large base effect on the sale of E&A business. The revenue from operations came in at Rs 39,5623 crore, up 11.1% against Rs 35,596.4 crore in the corresponding quarter last year. EBITDA grew 5.9% YoY to Rs 4,530.4 crore compared to Rs 4,280 crore posted last year. Margins stood at 11.5% in Q3FY22 against 12% reported in Q3FY21. The Company bagged orders worth Rs 50,359 crore during the quarter, registering a decline of 31% YoY compared to the corresponding period in the previous year. The decline is coming on a much larger base due to the high-speed rail corridor awarded last year. Last year base was high due to a Bullet train order worth Rs 28,300 crore. The consolidated order book of the group was at record levels of Rs 3.40 lakh crore, with international orders having a share of 24 per cent. 

BEL: Up 1.71%. Defence PSU Bharat Electronics Limited (BEL) has reported a 2.2x rise in the standalone profit at Rs 583.4 crore for the quarter ended December 31, 2021. It had posted a profit of Rs 262 crore in the corresponding quarter last year. Revenue from operations grew 61% YoY to Rs 3,693.7 crore compared to Rs 2,296.2 crore posted last year. EBITDA grew 86.7% YoY to Rs 822.1 crore compared to Rs 440.4 crore posted last year. Margins grew to 22.3% in Q3FY22 compared to 19.2% posted in Q3FY21. Furthermore, the board has also declared an interim dividend of Rs 1.50 per equity share for FY2021-22. The board has fixed Thursday, February 1, 2022, as the record date for the purpose of payment of interim dividends on equity shares for the FY2021-22. The board has also approved the increase in the authorised capital of the company to Rs 750 crore from its existing Rs 250 crore.

Britannia: Up 1.90%. Biscuit maker Britannia Industries has reported an 18.4% YoY decline in the consolidated profit at Rs 369.2 crore for the quarter ended December 31, 2021. It had posted a profit of Rs 452.6 crore in the same quarter last year. Revenue from operations grew 12.9% YoY to Rs 3,575 crore compared to Rs 3,165.6 crore posted last year. EBITDA fell 11.7% YoY to Rs 539.7 crore compared to Rs 611.5 crore posted last year. Margins down to 15.1% in Q3FY22 compared to 19.3% posted in Q3FY21.  

Oberoi Realty: Up 2.57%. Mumbai-based Oberoi Realty has reported a 63% YoY rise in the consolidated profit at Rs 467.5 crore for the December 2021 quarter against a profit of Rs 286.7 crore posted in the corresponding quarter last year. Revenue from operations grew marginally by 0.4% YoY to Rs 832 crore compared to Rs 828.4 crore posted last year. EBITDA fell 13.3% YoY to Rs 331.6 crore in December 2021 quarter against Rs 382.5 crore posted last year. MARGIN contracted to 39.9% in Q3FY22 against 46.2% posted in Q3FY21. Rise in other income, fall in other expenses boost profit.

AU Small Finance Bank: Up 4.20%. The bank has reported a 68% YoY rise in the profits at Rs 302 crore for the December 2021 quarter against a profit of Rs 180 crore posted in the corresponding quarter last year. Net interest income (NII) grew 30% YoY to Rs 820 crore compared to Rs 633 crore posted last year. Its gross non-performing assets ratio was at 2.6% at the end of December 2021 as against 3.2% posted in September 2021 quarter. Net NPA stood at 1.3% against 1.7% posted in September 2021 quarter. 

IDFC First Bank: Up 2.04%. The private sector bank IDFC First Bank has reported a 117% YoY rise in the profits at Rs 281 crore for the December 2021 quarter against Rs 130 crore posted in the corresponding quarter last year. Net interest income (NII) grew by 36% to Rs 2,580 crore in the reported quarter against Rs 1,892 crore posted last year. Net interest margin (NIM) stood at 5.9% in Q3FY22 compared to 5.76% posted in Q3FY21. Provisions other than tax were lower by 32% to Rs 392 crore as against Rs 574 crore in the same quarter a year. The bank’s gross non-performing assets (NPAs) or bad loans declined to 3.96% of the gross advances as of December 31, 2021, as against 4.27% posted in the previous quarter. Net NPA fell to 1.74% in Q3FY22 from 2.09% posted in Q2FY22.

Max Financial: Up 2.94%. Life insurance company Max Financial Services profit fell 60% YoY to Rs 91 crore for the quarter ended December 31, 2021, as against Rs 227 crore posted in the corresponding quarter last year. Total income declined 22% YoY to Rs 6,954 crore as against Rs 8,990 crore posted last year. 
Amber Enterprises: Up 1.25%. The company has reported a 19% YoY rise in the consolidated profit at Rs 32 crore for the quarter ended December 31, 2021, against a profit of Rs 27 crore posted in the corresponding quarter last year. Revenue from operations grew 27.44% to Rs 974.3 crore against Rs 764.7 crore posted last year. EBITDA grew 17% to Rs 73 crore against Rs 63 crore posted last year. Margin fell to 7.5% in Q3FY22 against 8.2% posted in Q3FY21.

Siyaram Silk Mills: Up 8.97%. The company has reported a 2.5x YoY rise in the consolidated profit at Rs 68.7 crore for the quarter ended December 31, 2021, as against Rs 27.5 crore posted in the corresponding quarter last year. Revenue from operations grew 47% YoY to Rs 563.2 crore as against Rs 383 crore posted last year. EBITDA grew 2x to Rs 101.8 crore against Rs 51.7 crore posted last year. Margins improved to 18% in Q3FY22 against 13.5% posted in Q3FY21. The board has declared the 2nd Interim Dividend of Rs 3/share and fixed a record date of February 7, 2022. 

IndusInd Bank: Down 3.22%. The private sector lender IndusInd Bank has reported a 50% YoY rise in the profits at Rs 1,242 crore for the quarter ended December 31, 2021. It had posted a profit of Rs 830 crore in the corresponding quarter of the previous fiscal. The bank's net interest income (NII) grew 11% YoY to Rs 3,793 crore compared to Rs 3,406 crore posted last year. Net Interest Margin (NIM), a gauge for profitability, was at 4.10% marginally low of third-quarter 2020-21 when NIM stood at 4.12%. The Gross NPA ratio was at 2.48% as of December 31, 2021, versus 2.77% as of September 30, 2021. The net NPA ratio was at 0.71% as of December 31, 2021, against 0.80% on September 30, 2021. The private lender's slippage fell 8.49% QoQ to Rs 2,598 crore in Q3FY22 from Rs 2,658 crore posted in Q2FY22. 

Zen Technologies: Down 3.58%. Small arms manufacturing company has reported a consolidated loss of Rs 1.3 crore for the December 2021 quarter against a profit of Rs 2.3 crore posted in the corresponding quarter last year. Revenue from operations grew 58% YoY to Rs 26.2 crore against Rs 16.6 crore posted last year. The company has posted an EBITDA loss of Rs 10 lakh in the reported quarter against an EBITDA profit of Rs 3.4 crore posted last year. Sharp rise in RM cost, expenses hurts. 

MCX: Down 1.22%. Leading commodity bourse MCX on Saturday posted a 52% YoY decline in consolidated net profit to Rs 34.5 crore for the third quarter of 2021-22. It had posted a profit of Rs 71.8 crore in the corresponding quarter last year. Revenue from operations fell 11.2% to Rs 89.5 crore in the period under consideration as against Rs 101 crore posted last year. EBITDA declined to Rs 38.3 crore against Rs 48.7 crore posted last year. Margins dropped to 42.7% in Q3FY22 against 48.2% posted in Q3FY21. Average Daily Turnover down 25% to Rs 24,556 crore.

TCI Express: Up 3.56%. The company has reported a 4.5% YoY rise in the profits at Rs 35 crore for the December 2021 quarter against a profit of Rs 34 crore posted in the corresponding quarter last year. Revenue from operations grew 9% YoY to Rs 287 crore against Rs 262 crore posted last year. EBITDA grew 4.8% to Rs 49 crore in Q3FY22 against Rs 47 crore posted in Q3FY21.
 

Stocks In News

VST Tillers Tractors: Up 3.21%. India’s leading farm equipment manufacturers today announced a unique one-of-a-kind offer of up to 100 per cent finance for its wide range of brush cutters. Under this scheme, customers need to pay just Rs 1 as a down payment to own a brand-new brush cutter that is equipped with the latest technology customized for Indian farms. The balance payment can be paid via easy monthly instalments within 2 to 12 months.

Granules India: Up 1.58%. Granules India Limited announced that Granules Pharmaceuticals, Inc. (GPI), a wholly-owned foreign subsidiary of the company, located in Chantilly, Virginia, USA had undergone a Preapproval Inspection (PAI) by the US Food and Drug Administration (USFDA) from January 24 to 28, 2022. The audit is a PAI for two of its product applications filed from this facility. The US FDA issued three minor observations during the audit conducted at the facility. 

Bharti Airtel: Up 1.98%. India’s premier communications solutions provider, today announced an agreement to acquire appx. 25% equity stake in Bengaluru based technology startup, Lavelle Networks. The agreement is subject to applicable statutory approvals. The homegrown Lavelle Networks specialises in Software-defined Wide Area Network solutions and it serves a range of industry segments. Its platform has connected several thousands of Indian enterprises from the nation's largest financial institutions to e-commerce networks.

Ramco Systems: Up 2.60%. Global enterprise software provider, Ramco Systems announced the upgrade of its enterprise resource planning solution, Ramco ERP Software at India’s largest publicly listed real estate company, DLF Limited. The digital transformation program was aimed at enabling DLF to migrate its 14 years of legacy data residing across 480+ companies and 700+ organization units, onto a flexible, scalable and agile digital platform.

Saregama: Up 3.36%. The company has plans to invest Rs 750 crore in the music business. It aims for 25-30% growth in income. 

Century Plyboards: Down 1.31%. The Company has bagged a contract worth Rs 200 crore to modernise and mechanise a cluster of six berths in Kolkata's Khidderpore Docks on a build-operate-own-transfer basis. Once fully operational, these berths under KPD -1 (West), will create additional port capacity in eastern India by installing mechanised systems to handle containers as well as clean bulk cargo The project will be the first instance of a public-private-partnership in the Kolkata Dock System.