Indian stock benchmarks, S&P BSE Sensex and Nifty 50, were trading in negative terrain in the noon deals of Wednesday, April 12, 2022. The market was dragged by a selloff in metals, autos and IT scrips. At 11:54 pm, the S&P BSE Sensex was trading at a loss of 219.32 points or 0.37% at 58,357.05. The Nifty 50 index was 56.40 points or 0.32% down at 17,473.90. 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

  • Ujjivan Financial: Up 6.06%.
  • Godfrey Philips: Up 6.75%.  
  • Redington: Up 7.30%.
  • Thomas Cook (India): Up 5.26%.
  • Gujarat Ambuja Exports: Up 5.77%.
  • Kalyani Forge: Up 4.98%.
  • Jay Shree Tea: Up 3.16%.
  • Just Dial: Up 3.27%.
  • Kaya: Up 4.68%.
  • Atul Auto: Up 1.21%.
  • Walchandnagar Industries: Up 8.39%.
  • VIP Clothing: Up 9.90%.
  • Rupa & Company: Up 2.33%.
  • Bajaj Consumer: Up 1.17%.
  • BEL: Up 1.42%.
  • Krsnaa Diagnostics: Up 1.92%.
  • La Opala: Up 1.41%.  
  • Dollar Industries: Up 1.45%.
  • Coforge: Up 1.95%.
  • ICICI Prudential: Up 1.20%.
  • Varun Beverages: Up 2.13%.
  • Lal Path Labs: Up 1.70%.
  • Apollo Hospitals: Up 2.18%.
  • Agri Sector Stocks: On a move. Stocks like Avanti Feeds - up 8.53%; KSB Limited - up 3.20%; UPL - up 2.03%; Aries Agro - up 3.43% and Rallis India - up 1.78% were trading with decent gains.
  • Aluminium Stocks: On a move. Stocks like Maan Aluminium - up 9.31%; Vedanta - up 2.34%; PG Foils - up 1.25% were trading with decent gains.
  • Auto Ancillary Stocks: On a move. Stocks like Lumax Autotech - up 2%; NRB Bearings - up 1.43%; Ramkrishna Forgings - up 1.33% and FIEM - up 1.29% were trading with decent gains.
  • Cement Stocks: On a move. Stocks like Heidelberg Cement - up 2.72%; Ambuja Cement - up 3.66%; India Cements - up 1.38%; HIL - up 1.01% and JK Cement - up 1.37% were trading with decent gains.
  • Chemical Stocks: On a move. Stocks like Chemplast Sanmar - up 3.61%; Shree Pushkar - up 4.13%; GHCL - up 3.92%; Deepak Nitrite - up 2.63%; Jubilant Industries - up 1.99%; Meghmani Organics - up 2.27%; GFL Limited - up 1.65% and Kanoria Chemicals - up 1.48% were trading with decent gains.
  • Fertilizer Stocks: On a move. Stocks like RCF - up 3.92%; NFL - up 4.24%; Deepak Fertilizer - up 3.90%; Chambal Fertilizer - up 3.48%; GSFC - up 2.82%; Madras Fertilizers - up 2.26% and FACT - up 1.84% were trading with decent gains. Zee Business today exclusively reported that Cabinet Committee on Economic Affairs (CCEA) may fix the fertilizer rates for FY23 at its meeting. It would also have a discussion on subsidy on fertilizer products and may increase subsidy on 25 products. Government has plans to increase subsidies in the NBS category and would increase subsidies on NBS products by 30%.
  • Fisheries Stocks: On a move. Stocks like Avanti Feeds - up 8.13%; Apex Frozen - up 3.17%; Waterbase - up 3.54% were trading with decent gains.
  • Food Processing Stocks: On a move. Stocks like DFM Foods - up 2.69%; KRBL - up 2.16%; LT Foods - up 1.71%; ADF Foods - up 1% and Parag Milk - up 1.55% were trading with decent gains.
  • Hotel Stocks: On a move. Stocks like Lemon Tree Hotels - up 5.33%; Kamat Hotels - up 5.79%; Taj GVK - up 4.51%; Royal Orchid - up 8.81%; Indian Hotels - up 2.99% and Oriental Hotels - up 1.06% were trading with decent gains.
  • Consumer Durables Stocks: On a move. Stocks like Dixon Technologies - up 1.77%; Rajesh Exports - up 1.60% and Orient Electric - up 1.06% were trading with decent gains.
  • Metal Stocks: On a move. Stocks like Welspun Corp - up 5.20%; Hindustan Zinc - up 3.03%; Vedanta - up 2.34%; APL Apollo - up 1.42%; JSW Steel - up 1.28%; Ratnamani - up 1.27% and Hindustan Copper - up 1.24% were trading with decent gains.
  • Pharma Stocks: On a move. Stocks like Torrent Pharma - up 1.96%; Biocon - up 1.30%; Sun Pharma - up 1.26%; Aurobindo Pharma - up 1.19% and Laurus Labs - up 1.14% were trading with decent gains.
  • Logistics Stocks: On a move. Stocks like Aegis Logistics - up 8.02%; Snowman Logistics - up 5.60% and VRL Logistics - up 2.82% were trading with decent gains.
  • Oil & Gas Stocks: On a move. Stocks like ONGC - up 2.99%; Oil India - up 2.45%; IGL - up 2.33%; MGL - up 2.27%; Indian Oil - up 2.22%; Hindustan Petroleum - up 1.45%; Gujarat Gas - up 1.41% and GAIL - up 1.38% were trading with decent gains.

 

Falling Stocks

  • Asian Paints: Down 1.76%.
  • Power Grid: Down 1.87%.
  • HDFC: Down 1.59%.
  • HDFC Bank: Down 1.53%.
  • Bandhan Bank: Down 1.06%.
  • LTTS: Down 1.14%.
  • Gland Pharma: Down 1.21%.
  • Dr Reddy's: Down 1.18%.
  • Syngene: Down 1.37%.
  • Titan: Down 1.43%.
  • Raymond: Down 2.03%.
  • Thyrocare: Down 1.37%.
  • Dr Reddy's: Down 1.38%.
  • Bajaj Holding: Down 1.13%.
  • JSW Energy: Down 4.05%.
  • Garden Reach: Down 4.33%.
  • Teamlease: Down 2.52%.
  • Linde India: Down 1.49%.
  • CRISIL: Down 1.69%.
  • Som Distilleries: Down 3.19%.
  • GM Breweries: Down 1.47%.
  • Empire Industries: Down 3.09%.
  • Mrs Bectors Food: Down 7.32%.
  • Sona BLW Precision: Down 1.44%.
  • Bharat Dynamics: Down 2.68%.
  • Anupam Rasayan: Down 1.47%.

 

Reaction to Listing & Q4FY22 Results 

  • Hariom Pipe Industries: Shares of the metal pipes manufacturing company Hariom Pipe Industries made a stellar debut on the exchanges (NSE and BSE) on Wednesday. Shares of Hariom Pipe Industries were listed at Rs 214 per share on the BSE. This was a premium of Rs 61.00 or 39.87% at the upper band of the issue price of Rs 153 apiece. On the NSE, the shares opened at Rs 220 per equity share, a gain of Rs 67 or 43.79%.  
  • Anand Rathi Wealth: Up 11.25%. The financial services provider in India on Tuesday reported a 239% YoY rise in the consolidated profit at Rs 34.6 crore for the quarter ended March 31, 2022. It had posted a profit of Rs 10.2 crore in the corresponding quarter of the last financial year. The company's revenue from operations rose 60.2% YoY to Rs 112.5 crore as against Rs 70.2 crore posted last year. EBITDA grew 215.9% YoY to Rs 45.8 crore as against Rs 14.5 crore posted last year. Margins improved to 40.7% in Q4FY22 against 20.7% posted in Q4FY21. Besides, the company has declared a dividend of Rs 6 per share.

 

 

Stocks in News

  • MGL: Up 2.27%. Mahanagar Gas Limited (MGL) has hiked the price of CNG and PNG by Rs 5 per kg to Rs 72 per kg and Rs 4.50 per SCM to Rs 45,50 per SCM, respectively. The city gas utility cited the massive rise in input prices for the hike. 
  • Thermax: Up 1.91%. Thermax has concluded an order of Rs 522 crore for utility boilers and associated systems for a grass root refinery and petrochemical complex in Rajasthan, India. The order includes two units of 260 TPH high-pressure utility boilers along with allied auxiliaries to be designed and manufactured by Thermax Babcock & Wilcox Energy Solutions (TBWES), a wholly-owned subsidiary of Thermax. The package will be a part of the customer’s Captive Power Plant (CPP) and will facilitate their steam and power requirements. The project is slated to be completed within 16 months on a lumpsum turnkey (LSTK) basis.
  • Simplex Infrastructures: Up 4.99%. The Board of Directors of the company on Tuesday approved the raising of funds upto Rs 421.8 crore by issuing and allotting the securities of the company to Swan Constructions Private Limited, which is not a promoter, by the way of preferential issues. The company will issue 5.75 crore equity shares at Rs 56.61 per share and 1.70 crore warrants at a price of Rs 56.61 each.  
  • Vedanta: Up 2.34%. Vedanta chairman Anil Agarwal on Tuesday said that the company in partnership with Foxconn will set up a semiconductor manufacturing plant in the next two years. The Indian conglomerate had already entered into a pact with electronics manufacturing giant Foxconn to form a joint venture (JV) for manufacturing semiconductors in India.