UPL, Metal stocks to Oil & Gas Stocks- here are the top Buzzing Stocks today

The benchmark indices were trading near the day's low at a loss of more than one-and-a-half per cent in the noon deals of Wednesday, March 2, 2022, amid a strong selloff in banks and auto stocks. At 1:01 pm, the S&P BSE Sensex was trading at a loss of 1,036.40 points or 1.84% at 55,210.88. The Nifty 50 index was 266.95 points or 1.59% down and was trading at 16,526.95. Meanwhile, certain stocks were in action in either direction based on reports linked to them. Here is a list of some of such stocks:

Buzzing Stocks

• UPL Ltd.: Up 2.79%.
• UTI AMC: Up 3.61%.
• MCX: Up 7.94%.
• Aegis Logistics: Up 5.30%.
• Varun Beverages: Up 5.46%.
• Godrej Agrovet: Up 3.37%.
• V Guard: Up 2.84%.
• Religare Enterprises: Up 2.85%.
• Edelweiss: Up 1.92%.
• Termax: Up 2.20%.
• HSIL: Up 2.12%.
• Dodla Dairy: Up 2.24%.
• Krsnaa Diagnostics: Up 4.05%.
• VIP Clothing: Up 3.49%.
• Tilaknagar Industries: Up 2.32%.
• Aluminium Stocks: On a rise. Stocks like Maan Aluminium - up 11.89%; Hindalco - up 5.86%; Manaksia Aluminium - up 4.88%; NALCO - up 3.79%; and Vedanta - up 2.46% were trading with decent gains.
• Metal Stocks: On a rise. Stocks like Coal India - up 6.40%; Hindalco - up 5.86%; Hindustan Zinc - up 5.56%; Tata Steel - up 5.14%; Jindal Steel - up 5.04%; Welspun corp - up 4.98%; NMDC - up 3.91%; National Aluminium - up 3.79%; SAIL - up 2.70% and Vedanta - up 2.46% were trading with decent gains.
• Oil & Gas Stocks: On a rise. Stocks like Oil India - up 9.55%; GAIL - up 5.59%; ONGC - up 2.74% and MRPL - up 1.49% were trading with decent gains. The prices of 19 kg commercial LPG cylinders have been increased by Rs 105 from March 1, 2022. Following the price hike, the 19 kg commercial cylinder will cost Rs 2,012 in the national capital from Tuesday. The price of a 5 kg cylinder has also been increased by Rs 27. Now a 5 kg cylinder will cost Rs 569 in Delhi.
• Insurance Sector Stocks: On a rise. Stocks like HDFC Life - up 4.28%; SBI Life - up 4.53% and ICICI Prudential - up 3.07% - were trading with decent gains.
• Fertiliser Stocks: On a rise. Stocks like Deepak Fertilisers - up 5%; Madras Fertilizers - up 3.54%; SPIC - up 1.47% and GNFC - up 1.51% were trading with decent gains.
• Defence Sector Stocks: On a rise. Stocks like Bharat Dynamics - up 3.28%; Walchandnagar Industries - up 2.38%; BEL - up 2.09% and HAL - 0.80% were trading with decent gains.
• Chemical Stocks: On a rise. Stocks like Clean Science - up 7.31%; Chemplast Sanmar - up 7.39%; Neogen Chemical - up 4.26%; GHCL - up 2.65%; Meghmani Finechem - up 3.16% and NOCIL - up 2.84% were trading with decent gains.
• Auto Ancillary Stocks: On a rise. Stocks like Bharat Gears - up 1.97%; Minda Industries - up 2.15% and Craftsman Automation - up 1.94% - were trading with decent gains.

Declining Stocks

• Asian Paints: Down 5.71%.
• Dr Reddy's: Down 4.66%.
• CRISIL: Down 3.24%.
• GSPL: Down 3.77%.
• Havells India: Down 2.59%.
• Voltas: Down 2.32%.
• Ramky Infra: Down 2.98%.
• Lemon Tree Hotels: Down 2.59%.
• Kamat Hotels: Down 2.27%.
• Narayana Hrudayalaya: Down 1.88%.
• Godrej Industries: Down 1.99%.
• GSFC: Down 2.43%.
• Thyrocare: Down 2.41%.
• Bharat Forge: Down 2.62%.
• Hosiery Stocks: Under pressure. Stocks like Dollar Industries - down 3.29%; Lux Industries - down 2%; Page Industries - down 1.49% and Lovable Lingerie - down 1.53% were trading in negative territory.
• Liquor Stocks: Under pressure. Stocks like Radico Khaitan - down 2.11%; United Breweries - down 2.11%; and Pioneer Distilleries - down 1.10% were trading in negative territory.
• IT Stocks: Under pressure. Stocks like HCL Technologies - down 1.46%; Tech Mahindra - down 1.34%; TCS - down 1.24% and Infosys - down 1.11% were trading in negative territory.
• Private Bank Stocks: Under pressure. Stocks like ICICI Bank - down 4.13%; HDFC Bank - down 4%; Kotak Bank - down 3.06%; IndusInd Bank - down 2.73%; Bandhan Bank - down 1.57% and Federal Bank - down 1.39% were trading in negative territory.
• Public Bank Stocks: Under pressure. Stocks like Bank of Baroda - down 3.43%; SBI -down 2.68%; Canara Bank - down 2.05% and Indian Bank -down 1.19% were trading in negative territory.
• Financial Services Stocks: Under pressure. Stocks like Bajaj Finance - down 2.75%; HDFC - down 2.68%; Cholamandalam Investment - down 1.69%; ICICI Lombard - down 1.56% and M&M Financial Services - down 0.72% were trading in negative territory.
• Auto Stocks: Under pressure. Stocks like Maruti Suzuki - down 5.01%; Bajaj Auto - down 3.69%; Hero MotoCorp - down 3.57%; TVS Motor - down 2.47%; Eicher Motor - down 2.09% and Ashok Leyland - down 0.97% among a few others were trading in negative territory. The decline is based on the sales number reported by the respective companies for February 2022.
• Pharma Stocks: Under pressure. Stocks like Abbot India - down 3.71%; Dr Reddy's - down 3.50%; Lupin - down 2.61%; Sun Pharmaceuticals - down 2.51%; Divi's Laboratories - down 1.96% and Aurobindo Pharma - down 1.63% were trading in negative territory.
• FMCG Stocks: Under pressure. Stocks like Godrej Consumer Products - down 2.29%; Radico Khaitan - down 2.11%; Hindustan Unilever - down 1.90%; UBL - down 1.83%; Colgate - down 1.74% and Tata Consumer - down 1.54% were trading in negative territory .
• Realty Stocks: Under pressure. Stocks like Sunteck Realty - down 2.89%; DLF - down 2.05%; Indiabulls Realty - down 1.90%; Macrotech Developers - down 1.82% and Prestige Estate - down 1.55% were trading in negative territory.

Recent IPOs

• AGS Transact: Up 9.96%.
• Nykaa: Up 6.48%.
• Data Patterns: Up 6.13%.
• Medplus Health: Up 4.82%.
• Go Fashion: Up 1.78%.
• Fino Payments Bank: Down 5.94%.
• PB Fintech: Down 2.02%.
• Vijaya Diagnostics: Down 2.06%.
• Sapphire Foods: Down 1.48%.

Stocks in News

• Panacea Biotec: Up 4.99%. The Board of Directors as well as shareholders of the Company and PBPL, have approved the asset purchase agreement for the sale of pharmaceutical formulation brands of PBPL in India and Nepal and transfer of a well-trained sales & marketing team engaged in the domestic pharmaceutical business of PBPL to Mankind Pharma, for an aggregate consideration of Rs 1,872 crore plus GST. PBPL has also executed other definitive agreements including Intellectual Property Assignment Agreement, Patent License Agreement, Manufacturing & Supply Agreement and Transition Services Agreement.
• Eveready Industries: Down 6.69%. The Burman family – promoters of Dabur India – has made an open offer to acquire an additional 26% share of the Khaitan 's-promoted company for Rs 605 crore. The open offer price is Rs 320 per share (15% discount). With the launch of an open offer, Burman Group has asked JM Fin to buy an additional 5.26% stake at Rs 320 per share for a total consideration of not more than Rs 122 crore. With this, its stake will increase from 19.85% to 25.11%. On completion of the open offer, the stake will be more than 51%  
• Lupin: Down 2.61%. Global pharma major Lupin Limited (Lupin) has announced the launch of Sevelamer Hydrochloride Tablets, 800 mg, having received approval from the United States Food and Drug Administration (FDA). The product will be manufactured at Lupin's facility in Nagpur, India. Sevelamer Hydrochloride Tablets, 800 mg had estimated annual sales of USD 7.5 crore in the U.S. (IQVIA MAT December 2021).
• Brightcom Group: Down 4.97%. The Securities and Exchange Board of India (SEBI) had ordered a forensic audit into the financial statements of Brightcom Group Ltd. The market regulator had appointed Deloitte Touche Tohmatsu India LLP as the forensic auditor of Brightcom's book.

Reaction on February Monthly Business Updates 

• NMDC: Up 3.91%. The state-owned mineral producer on Tuesday said its total production surged by 11.7% YoY in February 2022 at 4.31 million tonnes (MT) against 3.86 MT produced in February 2021. Total sales jumped by 22.1% in the month under consideration at 3.97 MT against 3.25 MT sold in February 2021.
• Coal India: Up 6.40%. State-owned CIL produced on Tuesday said it produced 64.3 million tonnes (MT) of coal in February 2022, a growth of 3.9% compared to 61.9 MT produced in the year-ago period. February 2022 off-take grew 12% YoY to 57.4 MT against 51.3 MT.
• Mahamaya Steel: Up 2.16%. Gross sales for February 2022 stood at 7771.629 MT.

Price Hikes Impact

• MOIL: Up 2.46%. MOIL has fixed/revised prices of different grades of Manganese Ore and other products. It has increased the prices of all Ferro grades of manganese ore (Manganese ore with Manganese content Mn44% and above) by 15 % on the prices prevailing since February 1, 2022. The prices of all Ferro grades of manganese ore (Manganese ore with Manganese content below Mn-44%), SMGR grades (Mn-30% & Mn-25%), Fines and chemical grades except DB4546 has been increased by 10% on the prices prevailing since February 1, 2022. It has reduced the price of DB4546 by 10% on the prices prevailing since February 1, 2022.
• HUL: Down 1.84%. Hindustan Unilever Ltd., India's largest consumer goods maker has raised prices of many products by 3-13%.
• Aviation Stocks: IndiGo - down 2.29%; SpiceJet - down 2.16%; Global Vectra - down 2.93% and Taneja Aerospace - down 1.58%. ATF prices hiked by 3.3% to Rs 93,531/Kl from today.