Zen Technologies, Banking Stocks to Birla Cables - here are the top Buzzing Stocks today

Domestic equity barometers hit the intraday high during the early noon deals of Thursday, February 10, 2022. The Reserve Bank of India (RBI) announced the policy resolution today and kept the repo rate unchanged at 4%. Reverse Repo Rate stands at 3.35% whole MSF rate is at 4.25%. The real GDP growth is projected at 7.8% for FY 2022-23. The FY23 inflation target is reduced to 4.5%.

At 12:58 pm, the S&P BSE Sensex was trading 490.76 points or 0.84% higher at 58,956.73. The Nifty 50 index was 146.95 points or 0.84% up and was trading at 17,610.75. 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

GE Power: Down 19.99%.

Zen Technologies: Up 5%.

General Insurance Corporation of India: Up 2.84%.

FDC: Down 3.62%.

DB Realty: UP 4.96%.

JSPL: Up 4.51%.

JSW Energy: Up 4.81%.

UTI AMC: Up 4.12%.

Vadilal: Up 10.10%.

Cosmo Films: Up 5.13%.

Polyplex: Up 1.32%. Meanwhile, the stock hit the life high of Rs 2,149.90 per share earlier in the intraday today.

GNFC: Up 3.28%. Meanwhile, the stock hit the life high of Rs 568.50 per share earlier in the intraday today.
Banking Stocks: On a Move. Stocks like Federal Bank - up 2.79%; Kotak Bank - up 2.56%; HDFC Bank - up 2.30%; SBI - up 1.39%; Axis Bank - up 1.30% and IDFC First Bank - up 1.27% were trading with gains.

Financial Stocks: Power Finance Corporation - up 2.41%; HDFC - up 2.34%; Cholamandalam Investment - up 2.28%; Bajaj Finserv - up 1.20% were trading with gains.

Godrej Group Stocks: On a move. Stocks like Astec Life - up 2.07%; Godrej Properties - up 1.70% and Godrej Industries - up 1.41% were trading with gains.

Health Sector Stocks: On a move. Stocks like KIMS - up 3.76%; Shalby - up 3.63% were trading with gains.
Housing Finance Stocks: On a move. Stocks like Aavas Financiers - up 3.44%; LIC Housing Finance - up 4.08%; HDFC - up 2.25%; Poonawala Fincorp - up 1.88%; Repco Home - up 5.23%; PNB Housing - up 1.96%; CanFin Homes - up 2.34%; Aptus Value - up 1.30% and GIC Housing - up 2.80%were trading with gains.

Metal Stocks: On a move. Stocks like Jindal Steel - up 4.90%; Hindustan Copper - up 3.72%; NMDC - up 2.99%; National Aluminium - up 2.45% and Tata Steel - up1.96% were trading with decent gains.

Energy Stocks: On a move. Stocks like ONGC - up 2.17%; Power Grid - up 1.46%; Tata Power - up 1.53% and NTPC - up 1% were trading with decent gains.

Auto Ancillary Stocks: On a move. Stocks like Kinetic Engineering - up 4.98%; Indian Nippon Electricals - up 2.26%; Mahindra CIE - up 2.72%; MM Forgings - up 2.07%; FIEM Industries - up 1.47% and JTEKT India - up 2.47% were trading with decent gains.

Broking Houses Stocks: On a move. Stocks like Geojit Financial - up 3.78%; Angel One - up 2.38%; ICICI Securities - up 1.29% and IIFL Finance - up 1.11% were trading with decent gains.

Cement Stocks: On a move. Stocks like Bigbloc Construction - up 2.49%; Shiva Cement - up 2.07%; Grasim - up 1.53%; and Sahyadri Industries - up 1.02% were trading with decent gains.

Ceramics and Granite Stocks: On a move. Stocks like NITCO - up 2.66%; HSIL - up 1.79%; Pokarna - up 3.29% and Orient Bell - up 2.47% were trading with decent gains.

Chemical Stocks: On a move. Stocks like Laxmi Organic - up 2.04%; India Glycol - up 1.65%; Neogen Chemical - up 1.30%; Balaji Amines - up 1.71%; DCW Ltd - up 1.25% and IG Petrochemicals - up 1.42% were trading with decent gains.

Defence Stocks: On a move. Stocks like Walchandnagar Industries - up 7.02%; BHEL - up 1.80% and Bharat Forge - up 1.16% were trading with decent gains.

Fertilizer Stocks: On a move. Stocks like Nagarjuna Fertilizers - up 10%; Deepak Fertilizers - up 4.99% and GNFC - up 3.28% were trading with decent gains.

Declining Stocks

Quess Corp: Down 11.11%.

Bajaj Consumer: Down 2.51%.

Federal Mogul: Down 5.05%.

Bharat Gears: Down 2.79%.

Bajaj Consumer: Down 2.51%.

Thermax: Down 2.29%.

Sanghi Industries: Down 2.20%.

Kanoria Chemicals: Down 3.87%.

BPCL: Down 1.45%.

Navkar Corp: Down 2.07%.

Ujaas Energy: Down 4.63%.

Surana Solar: Down 3.91%.

Lakshmi Machine: Down 2.91%. Falls from a life high of Rs 11,790 per share that the stock hit earlier in the intraday trading today.

Sugar Stocks: Falling. Stocks like Bajaj Hindustan - down 2.65%; Triveni Engineering - down 2.29%; Mawana Sugar - down 1.28%; Kothari Sugar - down 1.73% and KCP Sugar - down 2.12% were trading in the negative territory.

Textile Stocks: Falling. Stocks like VIP Clothing - down 4.97%; Lakshmi Machine - down 2.91%; KPR Mill - down 2.61%; TCNS Clothing - down 2.13%; Rupa & Company - down 2.54% were trading in the negative territory.

Tour & Travel Stocks: Falling. Stocks like International Travel House -; Cox & Kings - down 2.78%; Mahindra Holidays - down 1.48%; and Easy Trip Planners - down 1.66% were trading in the negative territory.

Aviation Stocks: Falling. Stocks like Taneja Aero - down 4.99%; IndiGo - down 2.48%; Global Vectra - down 2.60% were trading in the negative territory.

Reactions on Q3FY22 Earnings

Birla Cables: Up 14.34%. Fibre optic cable manufacturing company has reported a 1,400% YoY rise in the consolidated profit at Rs 4.5 crore for the December 2021 quarter against a profit of Rs 0.3 crore posted in the corresponding quarter last year. Revenue from operations grew 68.2% YoY to Rs 143 crore against Rs 85 crore posted last year. EBITDA grew 134% YoY to Rs 11 crore against Rs 4.7 crore posted last year. The margin improved to 7.7% in Q3FY22 against 5.5% posted in Q3FY21. 

Gulf Oil Lubricants: Up 3.32%. India's leading lubricant manufacturing and marketing company has reported an 8,4% YoY decline in the consolidated profit at Rs 58.6 crore for the December 2021 quarter against Rs 64 crore posted in the corresponding quarter last year. Revenue from operations grew 24.9% YoY to Rs 602 crore in the reported quarter against Rs 482 crore posted last year. EBITDA fell 6.6% YoY to Rs 77.5 crore against Rs 83 crore posted last year. Margin contracted to 12.9% in Q3FY22 from 17.2% posted in Q3FY21. The board has approved a buyback worth Rs 85 crore at Rs 600/share and fixed February 21, 2022, as the record date for the purpose. 

Aurobindo Pharma: Up 3.38%. The pharmaceutical company has reported an 80% YoY decline in the consolidated profit at Rs 604 crore for the December 2021 quarter. It had posted a profit of Rs 2,946 crore in the corresponding quarter last year. The company's revenue from operations fell 5.6% YoY to Rs 6,002 crore against Rs 6,365 crore posted last year. US revenue was $367 million in the reported quarter against $390 million posted last year. EBITDA stood at Rs 1,016 crore, down 26% YoY from Rs 1,369 crore posted last year. Margin contracted to 17% in Q3FY22 against 21.5% posted in Q3FY21. 

Indiabulls Housing Finance: Up 4.08%. The Gurugram-based mortgage lender has reported an 8% QoQ decline in the profits at Rs 303 crore for the December 2021 quarter. It had posted a profit of Rs 329 crore in the previous quarter ended September 30, 2021. The company's total income fell 8% QoQ to Rs 2,183 crore against Rs 2,381 crore posted in the previous quarter. Gross NPAs were at 3.18% as of December 31, 2021, against 2.69% as of September 30, 2021. Net NPAs were at 1.80% as of December 31, 2021, compared to 1.53% a quarter ago. As per the RBI based ruling leads to deterioration in asset quality as GNPA stood at 4.12% in Q3FY22 against 2.69% in Q2FY22 while the NNPA was at 2.27% in the reported quarter against 1.53% in the previous quarter. The company has said that the collection efficiency has now normalised to pre-COVID levels. 

Balmer Lawrie: Up 1%. The company has reported a 42.1% YoY rise in the consolidated profit at Rs 27 crore for the December 2021 quarter against Rs 19 crore posted in the corresponding quarter last year. Revenue from operations grew 30.2% YoY to Rs 505 crore against Rs 388 crore posted last year. EBITDA grew 50% YoY to Rs 36 crore against Rs 24 crore posted last year. Margin improved to 7.1% in Q3FY22 against 6.2% posted in Q3FY21. Besides, BLUK, a wholly-owned foreign subsidiary of Balmer Lawrie & Co. Ltd. had been struck off and had been consequently dissolved as decided earlier.

Power Grid: Up 1.46%. The largest power transmission company in the country, Power Grid Corporation of India Ltd (PGCIL), has reported an 0.8% YoY rise in the consolidated net profit of Rs 3,349 crore for the December 2021 quarter. It had posted a profit of Rs 3,324 crore in the corresponding quarter last year. Revenue from operations grew 3.4% YoY to Rs 10,001 crore against Rs 9,676 crore posted last year. EBITDA grew 2.7% YoY to Rs 8,689 crore against Rs 8,460 crore posted last year. The margin declined to 86.9% in Q3FY22 from 87.4% posted in Q3FY21. The company also declared a second interim dividend for the financial year 2021-22 at Rs 5.50 a share. It will be paid on March 9, 2022.

Tata Power: Up 1.95%. The electric power distribution company has reported a 73.5% YoY rise in the consolidated profit at Rs 552 crore for the December 2021 quarter. It had posted a profit of Rs 318.1 crore in the corresponding quarter last year. Revenue from operations grew 43.6% YoY to Rs 10,913 crore against Rs 7,598 crore posted last year. EBITDA fell 6.6% to Rs 1634.2 crore against Rs 1750 crore posted last year. Margins contracted to 15% in Q3FY22 against 23% posted in Q3FY21.  

GMR Infrastructure: Down 1.27%. The company has reported a consolidated net loss of Rs 626 crore for the quarter ended December 2021. It had posted a consolidated net loss of Rs 897 crore in the year-ago period. The company's PAT from cont Operations stood at Rs 58 crore against a loss of Rs 383 crore posted in Q3FY22. Consolidated revenue from operations stood at Rs 1,364 crore in the reported quarter against Rs 836 crore posted last year. EBITDA stood at Rs 715 crore against Rs 86 crore posted last year. The margin improved to 52% in Q3FY22 against 10.3% posted in Q3FY21.

Solara Active Pharma Sciences Ltd: Down 20%. The customer-oriented API manufacturer has reported a consolidated loss of Rs 139.9 crore for the December 2021 quarter against a consolidated profit of Rs 65.8 crore posted last year. Revenue from operations dropped 76.5% YoY to Rs 100.3 crore against Rs 426.7 crore posted last year. The company has reported an EBITDA loss of Rs 96.8 crore against an EBITDA profit of Rs 105.3 crore posted last year. Besides, Mr. Bharath R Sesha has resigned as MD, CEO and Director of the company while Mr. Rajender Juvvadi Rao current Executive Vice Chairman has been appointed as MD and CEO of the company.

Tilaknagar Industries Ltd: Down 2.94%. India's top Alco-Bev business company has reported a consolidated profit of Rs 10.3 crore for the December 2021 quarter against a consolidated loss of Rs 4 crore posted in the corresponding quarter last year. Revenue shot up 23% YoY to Rs 206 crore against Rs 168 crore posted last year. EBITDA grew 46% YoY to Rs 32 crore against Rs 22.2 crore posted last year. the margin has improved to 15.7% in Q3FY22 against 13.2% posted in Q3FY21.  

Nykaa: Down 4.64%. Online fashion and beauty retailer Nykaa has reported a 59.6% YoY decline in the consolidated profit at Rs 27.9 crore for the December 2021 quarter against a profit of Rs 68.9 crore posted in the corresponding quarter last year. Revenue from operations grew 35.9% YoY to Rs 1,098 crore against Rs 808 crore posted last year. EBITDA fell 35.5% YoY to Rs 69 crore against Rs 107 crore posted last year. Margin contracted to 6.3% in Q3FY22 against 13.2% posted in Q3FY21. The company in a statement said that its other expenses have gone up from Rs 156 crore to Rs 324 crore. 

Stocks in News

DCM Shriram Industries (up 2.04%) + Zen Technologies (up 5%) + BEL (up 0.79%): To promote domestic manufacturing of drones in the country, the Union Government has banned the import of foreign drones with certain exceptions. The import of drones for R&D, defence and security purposes have been exempted from the ban but such imports will require due clearances. Import of drone components, however, shall not require any approvals.  

BSE Ltd: Up 2.73%. (Zee Business Exclusive) SEBI gives an in-principle nod to BSE's gold spot exchange. BSE has received in-principle approval from the regulator today itself.

Shalby: Up 3.63%. Wholly-Owned subsidiary Company M/s. Mars Medical Devices Limited, has received import license from Central Drugs Standard Control Organization, Union Ministry of Health and Family for import of medical devices for the complete range of joint replacement products i.e. Total Knee System, Total Hip System etc. from M/s Shalby Advanced Technologies Inc. USA (Step-down subsidiary of the Company) today. 

Spandana Sphoorty: Down 2.87%. The Board of Directors of the Company is scheduled to meet on February 14, 2022, to consider and approve the issuance of further equity shares of the Company by way of the preferential issue.