Newsmakers: La Opala, NELCO, CEAT and Bajaj Auto among top 10 stocks that moved most on Thursday
Indian stock markets witnessed bears taking control of the Dalal Street for the third consecutive day amid Foreign Institutional Investors (FIIs) selling pressure and weak global cues. The benchmark indices made some last minutes recovery to end 1 per cent lower on Thursday.
The broader Nifty50 slipped below 17, 700 during the day, while the Sensex corrected by nearly 1000 points. The two indices dipped by 1.01% and 1.06% to end Thursday on 17,757 and 59,464.62 respectively. as they bounced back minutes before closing to provide some cushion to the falling market. Here is a list of 10 buzzing stocks to watch out for:
La Opala: Up 7.64%
The shares of the company closed in the green at Rs 414.10 with a gain of 7.64 per cent as per BSE. Ashish Kacholia buys a 1.04% stake as per the latest shareholding pattern. Source: laopala.in
Pricol: Up 6.40%
The shares of the company closed in the green at Rs 135.50 with a gain of 6.40 per cent as per BSE. As per NSE, the shares of the company closed in green at Rs 134.90 with a gain of 5.76 per cent. AB Sun Life stake buying impact. Source: pricol.com
Transformers and Rectifiers: Up 5.77%
The shares of the company closed in the green at Rs 36.65 with a gain of 5.77 per cent as per BSE. The company has received orders worth Rs 73 crore of MP Power Transmission Package – II limited. Source: transformerindia.com
NELCO: Up 5%
The shares of the company closed in the green at Rs 878.30 with a gain of 5 per cent on the NSE. As per BSE, the shares of the company closed in green at Rs 877.85 with a gain of 5 per cent. Security systems services company has reported a 55% QoQ rise in the consolidated profit at Rs 5.26 crore for the quarter ended December 31, 2021. It had posted a profit of Rs 3.4% in the previous quarter ended September 30, 2021. The company’s revenue from operations grew 18% to Rs 72 crore against Rs 61 crore posted in the previous quarter. Its EBITDA grew 26% QoQ to Rs 14.2 crore against Rs 11.26 crore posted in September 2021 quarter. The company’s margin stood at 19.75% in Q3FY22 against 18.45% posted in Q2FY22. Source: nelco.in
Som Distilleries: Up 3.62%
The shares of the company closed in the green at Rs 47.25 with a gain of 3.62 per cent as per BSE. Up Impact of MP Government’s decision. The Madhya Pradesh Cabinet has approved a reduction in retail prices of liquor by 20 per cent. It also decided to allow the sale of liquor at all airports in the state and select supermarkets in four big cities. The cabinet also gave its nod to granting home bar licenses to those earning Rs 1 crore or more annually. The home bar license will be issued at an annual fee of Rs 50,000. Source: somindia.com
Syngene International: Up 2.09%
The shares of the company closed in the green at Rs 606.25 with a gain of 2.09 per cent as per NSE. As per BSE, the shares of the company closed in green at Rs 606.50 with a gain of 2.06 per cent. The company has reported a 2% YoY rise in the consolidated profit at Rs 104 crore for the quarter ended December 31, 2021. It had posted a profit of Rs 102 crore in the corresponding quarter of last fiscal. The company’s revenue from operation grew 10% YoY to Rs 641 crore as against Rs 585 crore posted last year. Its EBITDA grew 15% YoY to Rs 203 crore against Rs 177 crore posted last year. Margin improved to 31.65% in Q3FY22 against 30.2% posted in Q3FY21. Source: syngeneintl.com
CEAT: Up 1.13%
The shares of the company closed in the green at Rs 1,148 with a gain of 1.13 per cent as per BSE. As per NSE, the shares of the company closed in green at Rs 1140.70 with a gain of 0.64 per cent. The tyre manufacturer has reported a consolidated loss of Rs 20 crore for the quarter ended December 31, 2021, compared to a profit of Rs 132 crore posted in the corresponding quarter last year. Its revenue from operations grew 9% to Rs 2,413 crore against Rs 2,221 crore posted last year. The company’s EBITDA declined 59% YoY to Rs 134 crore against Rs 327 crore posted last year. Its margin contracted to 5.54% in Q3FY22 against 14.74% posted in Q3FY21. Source: ceat.com
Bajaj Auto: Down 3.70%
The shares of the company closed in the red at Rs 3,309.50 with a fall of 3.70 per cent as per NSE. As per BSE, the shares of the company closed in red at Rs 3309.60 with a fall of 3.89 per cent. Indian multinational two-wheeler and three-wheeler manufacturers on Wednesday reported a 22% YoY decline in its standalone profit at Rs 1,214 crore for the quarter ended December 31, 2022. It had posted a profit of Rs 1,556 crore in the corresponding quarter last fiscal. The company said that its revenue from operations grew 1.3% YoY to Rs 9,022 crore against Rs 8,910 crore posted last year. Bajaj Auto’s EBITDA declined 20.6% to Rs 1,373 crore against Rs 1,729 crore. The company’s margin contracted to 15.2% in Q3FY22 against 19.4% posted in Q3FY21. Source: Reuters
Rallis India: Down 5.85%
The shares of the company closed in the red at Rs 277.40 with a fall of 5.85 per cent as per BSE. As per NSE, the shares of the company closed in red at Rs 277 with a fall of 6.18 per cent. The company has reported a 13% YoY decline in the consolidated profit at Rs 40 crore for the quarter ended December 31, 2021. It had posted a profit of Rs 46 crore in the corresponding quarter last year. The company’s revenue from operations grew 10% YoY to Rs 628 crore against Rs 570 crore posted last year. Its EBITDA grew 12% YoY to Rs 67 crore against Rs 60 crore posted last year. The company’s margin stood at 10.64% in Q3FY22 against 10.50% posted in Q3FY21. Source: rallis.co.in
Oracle Financial Services Software Ltd.: Down 7.38%
The shares of the company closed in the red at Rs 3700 with a fall of 7.38 per cent as per BSE. As per NSE, the shares of the company closed in red at Rs 3,700 with a fall of 7.41 per cent. The IT services company has reported a 2.7% QoQ decline in the consolidated profit at Rs 435 crore for the quarter ended December 31, 2021. It had posted a profit of Rs 447 crore in the previous quarter ended September 30, 2021. The company said that its revenue from operations fell 1.2% QoQ to Rs 1,266 crore against Rs 1,281 crore posted in September 2021 quarter. EBIT dropped 7.3% QoQ to Rs 561 crore against Rs 605 crore posted in the previous quarter. The company’s margin contracted to 44.3% in Q3FY22 against 47.2% posted in Q2FY22. Source: oracle.com