Yes Bank, Tanla Platforms to Sugar Stocks - here are the top Buzzing Stocks today
Indian stock markets were trading with cuts in the negative territory in the noon deals of Thursday, April 7, 2022. At 12:52 pm, the S&P BSE Sensex was trading 222.13 points or 0.37% down at 59,388.28. The Nifty 50 index was 52 points or 0.29% down and was trading at 17,755.65
Indian stock markets were trading with cuts in the negative territory in the noon deals of Thursday, April 7, 2022. At 12:52 pm, the S&P BSE Sensex was trading 222.13 points or 0.37% down at 59,388.28. The Nifty 50 index was 52 points or 0.29% down and was trading at 17,755.65. 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
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Yes Bank: Up 7.14%.
OnMobile: Up 8.77%.
Hemisphere Properties: Up 3.31%.
Solara Active: Up 8.85%.
HAL: Up 2.36%.
GMDC: Up 3.87%.
Tanla Platforms: Up 8.29%.
HSIL: Up 8.59%.
Poonawalla Fincorp: Up 12.02%.
Godrej Consumer: Up 4.45%.
Metropolis: Up 2.85%.
Thyrocare: Up 3.65%.
Axis Bank: Up 2.66%.
Avenue Supermarts: Up 3.27%.
Aptech: up 3.35%.
Ashok Leyland: Up 2%.
Eicher Motor: Up 1.71%.
Godrej Consumer: Up 4.44%.
Dabur: Up 2.11%.
Som Distilleries: Up 2.34%.
Whirlpool: Up 1.80%.
Havells India: up 1.31%.
Power Stocks: On a move. Stocks like NHPC - up 3.89%; CESC - up 2.79%; CG Power- up 4.59%; NTPC - up 1.60% and BHEL - up 2.20% were trading with decent gains.
Sugar Stocks: On a move. Stocks like Renuka Sugar - up 20%; Bajaj Hindustan - up 9.94%; Sakthi Sugar - up 9.97%; Dwarikesh Sugar - up 5.91%; KCP Sugar - up 9.48%; Magadh Sugar - up 3.71%; Kothari
Sugar - up 8.08%; Rana Sugar - up 10.86% and EID Parry - up 3.85% were trading with decent gains.
Real Estate Stocks: On a move. Stocks like Brigade Enterprises - up 2.22%; Sunteck Realty - up 2.07%; Phoenix Mills - up 2.06%; Sobha - up 1.50%; DLF - up 1.49% and Macrotech Developers - up 1.46% were trading with decent gains.
PSU Stocks: On a move. Stocks like Central Bank - up 5.93%; Maharashtra Bank - up 3.47%; Indian Overseas Bank - up 3.35%; Punjab & Sind Bank - up 2.37%; PNB - up 1.60% and UCO Bank - up 1.57% were trading with decent gains.
Pharma Stocks: On a move. Stocks like Abbot India - up 2.34%; APL Ltd - up 2.23%; Glenmark - up 1.40% and Pfizer - up 1.39% were trading with decent gains.
Solar Energy Stocks: On a move. Stocks like Surana Solar - UP 9.92%; Ujaas Energy - UP 9.90% and Indo Solar - UP 4.88% were trading with decent gains.
Shipping Stocks: On a move. Stocks like Essar Shipping - up 6.11%; Mazagon Dock - up 3.30%; SCI - up 2.87% and Cochin Shipyard - up 3.01%were trading with decent gains.
Defence Stocks: On a move. Stocks like Bharat Dynamics - up 8.13%; BEL - up 6.25%; Walchandnagar Industries - up 5.87%; HAL - up 2.38%; Astra Microwave - up 2.45% and BHEL - up 2.47% were trading with decent gains.
Tour and Travels Stocks: On a move. Stocks like BLS International - up 16.13%; Easy Trip Planners - up 4.70%; Mahindra Holidays - up 6.41% and International Travel House - up 2% were trading with decent gains.
Textile Stocks: On a move. Stocks like VIP Clothing - up 1.29%; Indo Count - up 2.99%; Indian Terrain - up 2.29%; RSWM - up 3.12% and Century Textile - up 4.67% were trading with decent gains.
Telecom Stocks: On a move. Stocks like MTNL - up 14.34%; Railtel India - up 5.77%; Universal Cables - up 1.54%; ITI Ltd - up 1.99%; Vodafone Idea - up 2.31%; and Indus Towers - up 1.29% were trading with decent gains.
Tea & Coffee Stocks: On a move. Stocks like Jayshree Tea - up 8.03%; Harrisons Malayalam - up 4.65%; McLeod Russel - up 3.10%; and Tata Coffee - up 1.02% were trading with decent gains.
Banking Stocks: On a move. Stocks like AU Small Finance - up 2.98%; Bandhan Bank - up 2.25%; Axis Bank - up 2.49%; PNB - up 1.86%; Bank of Baroda - up 2.13%; ICICI Bank - up 1.75% and IndusInd Bank - up 1.55% were trading with decent gains.
Financial Services Stocks: On a move. Stocks like Piramal Enterprises - up 4.20%; ICICI Lombard General Insurance - up 2.21%; ICICI Prudential Life - up 1.23% and Power Finance Corporation - up 1.97% were trading with decent gains.
Oil & Gas Stocks: On a move. Stocks like GSPL - up 2.10%; MGL - up 1.68%; IGL - up 1.56%; Castrol India - up 1.34% and Gujarat Gas - up 1.23% were trading with decent gains.
Listing Update
Uma Exports: The shares of the exporter of Agri products and commodities Uma Exports made a decent debut on stock exchanges today as it got listed at Rs 80, a premium of 17.64%, over its issue price of Rs 68 on the BSE. On the National Stock Exchange (NSE), the counter was listed at Rs 76, a premium of 11.76%. Uma Exports raised Rs 60 crore via its initial stake sale, which was open for subscription between March 28-30 in the range of Rs 65-68 apiece.
Falling Stocks
Escorts: Down 8.08%.
IDFC: Down 5.11%.
Reliance Industries: Down 1.15%.
Bharti Airtel: Down 1.37%.
HDFC: Down 2.09%.
HDFC Bank: Down 1.40%.
L&T: Down 1.29%.
Fortis Health: Down 1.73%.
GSFC: Down 2.06%.
Coastal Corporation: Down 2.09%.
Coffee Day: Down 5.79%.
Titan: Down 2.39%.
Page Industries: Down 1.12%.
EIH Associated: Down 1.29%.
Kamat Hotels: Down 1.59%.
JSW Energy: Down 2.51%.
NCC: Down 2.17%.
Tanfac Industries: Down 2.06%.
GFL Limited: Down 1.23%.
IT Stocks: Under pressure. Stocks like Wipro - down 1.54%; LTTS - down 1.68%; Coforge -down 1.34%; and LTI - down 1.01% were trading in the negative territory.
Metal Stocks: Under pressure. Stocks like APL Apollo - down 2.10%; National Aluminium - down 2.08%; Hindalco - down 1.63% and Hindustan Copper - down 1.16% were trading in the negative territory.
Paper Stocks: Under pressure. Stocks like Malu Paper - down 1.99%; West Coast Paper - down 3.37%; Ruchira Paper - down 1% and Tamil Nadu Newsprint - down 1.59% were trading in the negative territory.
Reactions to Q4 Business Updates
Godrej Consumer: Up 4.55%. The company in its overall summary of the operating performance and demand trends during the quarter ended March 31, 2022, said the company expects to deliver close to double-digit sales growth, driven entirely by pricing in India. The company has witnessed a mixed performance in its Personal Care and Home Care categories. Personal Care sustained its double-digit growth trajectory, primarily led by pricing in Personal Wash. Home Care witnessed a soft performance on a high base, impacted by a relatively muted season for Home Insecticides and the discretionary nature of Air Fresheners. Its 2-year CAGR would be in the early twenties. The company expect strong double-digit constant currency sales growth in our Latin America business. Its SAARC business performance was soft.
Macrotech Developers: Up 1.46%. The realty state developer in its operational updates for 4QFY22 said the company had pre-sales of Rs 3,456 crore in India in the reported quarter, up 37% on a YoY basis despite the strong base of the previous year. Its UK investments had pre-sales of GBP 173 million (Rs 1,700+ crores) in the quarter. Its net debt for India's business has been reduced to Rs 9,310 crore. For FY22, the company has pre-sales of Rs 14,000 crore.
Rama Steel Tubes: Up 4.99%. The company in its Q4FY22 Sales Volume Performance said the company has registered the ever highest Q4FY22 sales volume of 35,872 tons (+50% YoY, 47% QoQ).
Titan: Down 2.50%. The company in its Q4FY22 quarter business update said the jewellery division revenue declined by 4% (YoY) in the reported quarter while Watches & Wearables and Eyewear segments grew by 12% YoY and 5% YoY in the quarter, respectively. In addition, the company has added 105 (YoY) new stores in Q4FY22. The standalone revenue fell by 3% (YoY) in the quarter under consideration.
Stocks in News
IDFC Ltd (down 5.55%) + Bandhan Bank (up 1.86%): IDFC Ltd will sell its entire stake in IDFC Asset Management Company Ltd (IDFC AMC) and IDFC AMC Trustee Company Ltd to a consortium of Bandhan Financial Holdings Ltd, for a consideration of Rs 4,500 crore, subject to receipt of necessary regulatory approvals. The company got a dividend of Rs 250 crore from IDFC AMC in March 2022. The consortium includes Lathe Investment, Tangerine Investments, Infinity Partners and many more. Besides, the Board of Directors of IDFC Limited has also declared an Interim Dividend of Rs 1 per equity share of the Company. April 20, 2022, has been declared as the record date for the aforesaid Interim Dividend.
Asian Granito: Down 2.08%. Asian Granito India Limited (AGL), one of the largest Luxury Surfaces and Bathware Solutions brands in the country is scheduled to open its Rs 441 crore rights issue on April 25, 2022. Shares under the Issue are offered at Rs 63 per Share i.e. 46.6% discount to the closing share price of Rs 118 per share on April 06, 2022, on NSE. The Issue will close on May 10, 2022. The Company will issue approximately 7 crores fully paid-up Equity Shares worth Rs 441 crore on a rights basis to eligible equity shareholders in the ratio of 37:30 (37 Equity Shares for every 30 Equity shares fully paid-up Equity Share held by the Eligible Equity Shareholders). The company has fixed April 12, 2022, as the record date to determine whether equity shareholders are entitled to receive the rights entitlement in the rights issue.
HDFC Bank Ltd: Down 1.38%. The Board of Directors of the Company is scheduled to meet on April 16, 2022, to consider and approve the raising of funds by issuing Perpetual Debt Instruments (part of
Additional Tier I capital ), Tier II Capital Bonds and Long Term Bonds (Financing of Infrastructure and Affordable Housing) up to the total amount of Rs 50,000 crores over next twelve months through private placement mode.
Impact of Circuit filter revision
Increased to 20% from 5%
Andhra Petrochemicals: Up 8.84%.
CG Power: Up 4.59%
Steel Strips Wheels: Up 2.68%.
Network 18: Up 4.44%.
BLS International: Up 16.27%.
Increased to 10% from 5%
Bajaj Hindustan: Up 9.94%.
Sakthi Sugars: Up 9.97%.
Taneja Aerospace: Up 7.36%.
Zee Media: Up 9.04%.
Increased to 20% from 10%
MTNL: Up 14.34%.
HSIL: Up 8.59%.
Manali Petrochemicals: Up 7.12%.
Setco Automotive: Up 6.85%.
Indian Acrylics: Up 6.31%.
Aban Offshore: Up 13.54%.
Poonawalla Fincorp: Up 12.02%.
Patel Integrated: Up 4.98%.
Shree Renuka Sugars: Up 20%.
Godawari Power: Up 7.60%.
Tanla Platforms: Up 8.29%.
Dish TV: Up 8.13%.
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