July 5, 2022

Y M L P-298

It Must Be Business

Borosil Renewables, Textile Stocks to Paper Stocks – here are the top Buzzing Stocks today

7 min read
Borosil Renewables, Textile Stocks to Paper Stocks - here are the top Buzzing Stocks today

Indian stock benchmarks, S&P BSE Sensex and Nifty 50 were trading at the day’s low with steep losses in the noon deals of Monday, April 18, 2022. At 1:20 pm, the S&P BSE Sensex was trading 1373.77 points or 2.35% lower at 56,965.16. The Nifty 50 index was 370.60 points or 2.12% down at 17,105.05. 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 

  • Borosil Renewables: Up 10.59%.
  • Asahi Songwon: Up 5.25%.
  • Kamat Hotels: Up 5.54%.
  • Spandana Sphoorty: Up 6.72%.
  • Jai Corp: Up 6.30%.
  • NLC India: Up 6.48%.
  • BF Utilities: Up 5.13%.
  • Jubilant Ingrevia: Up 5.72%.
  • Jay Shree Tea: Up 5.71%.
  • Bharat Rasayan: Up 3.01%.
  • NCC: Up 2.94%.
  • JSW Energy: Up 4.30%.
  • Mahindra Holidays: Up 4.12%.
  • Mas Financial: Up 3.03%.
  • Capri Global: Up 5.33%.
  • Hatsun Agro: Up 3.85%.
  • Caplin Point: Up 2.39%.
  • KPR Mills: Up 2.04%.
  • SBI Life: Up 2.36%.
  • HDFC Life: Up 1.34%.
  • Pfizer: Up 1.26%.
  • Meghmani Finechem: Up 1.42%.
  • IG Petrochemicals: Up 2.40%.
  • Fineotex Chemical: Up 2.04%.
  • Godrej Consumer: Up 1.42%.
  • Va Tech Wabag: Up 1.57%.
  • Kaveri Seed: Up 1.39%
  •  Varun Beverages – up 2.86%
  • FMCG Stocks: On a move. Stocks like Varun Beverages – up 2.96%; Godrej Consumer – up 1.30%; Nestle India – up 1.01% were trading with decent gains.
  • Textile Stocks: On a move. Stocks like Himatsingka Seide – up 6.67%; Arvind Ltd. – up 2.10%; Nahar Spinning – up 4.99%; Indo Count – up 3.73%; Ambika Cotton – up 3.34%; TCNS Clothing – up 2.07% and RSWM – up 1.76% were trading with decent gains. Union Textile Ministry on Thursday approved 61 applications of companies including these names under the production linked incentive (PLI) scheme for textiles with an investment potential of Rs 19,700 crore. Companies have been exempted from producing other items but will not get any incentive for the production of other items. Besides, Textile stocks will be in focus today as the government has removed import duty on cotton allowing cotton bales import at zero duty until September 30, 2022.
  • Offshore Drilling Stocks: On a move. Stocks like Selan Exploration – up 5.73%; Aban Offshore – up 3.35%; and Jindal Drilling – up 1.33% were trading with decent gains.
  • Defence Stocks: On a move. Stocks like BEL – up 2%; Bharat Dynamics – up 7.64% and HAL – up 2.31% were trading with decent gains.
  • Fertilizer Stocks: On a move. Stocks like Nagarjuna Fertilizers – up 5.69%; GNFC – up 1.60%; Deepak Fertilizers – up 4.73% and SPIC – up 1.28% were trading with decent gains.
  • PSE Stocks: On a move. Stocks like NHPC – up 3.49%; NTPC – up 4.55%; BEL – up 2%; ONGC – up 1% and Oil India – up 1% were trading with decent gains.
  • Paper Stocks: On a move. Stocks like Seshasayee Paper – up 12.54%; JK Paper – up 8.44%; Star Paper – up 6.46%; Malu Paper – up 5.12%; Pudumjee Paper – up 6.49%; Ruchira Paper – up 3.66%; West Coast Paper – up 3.49% and Tamil Nadu Newsprint – up 4.48% were trading with decent gains.

Losing Stocks

  • Walchandnagar Industries: Down 1.56%. 
  • Shriram Transport: Down 2.31%.
  • Linde India: Down 4.60%.
  • Vodafone Idea: Down 2.40%.
  • Bharti Airtel: Down 2.25%.
  • Suzlon Energy: Down 2.23%.
  • Bajaj Group Stocks: Under pressure. Stocks like Bajaj Finserv – down 2.13%; Bajaj Consumer – down 2.60%; Bajaj Holdings – down 5.25% and Bajaj Electricals – down 1.56% were trading in the negative territory.
  • Banking Stocks: Under pressure. Stocks like Bank of Baroda – down 4.73%; HDFC Bank – down 4.28%; SBI – down 2.14%; Federal Bank – down 2.07%; Bandhan Bank – down 2.05%; PNB – down 1.91% and AU Small Finance Bank – down 1.73% were trading in the negative territory.
  • Financial Services Stocks: Under pressure. Stocks like HDFC – down 4.54%; Piramal Enterprises – down 3.26%; SBI Card – down 3.10%; Muthoot Finance – down 2.62% and Bajaj Finserv – down 2.13% were trading in the negative territory.
  • IT Stocks: Under pressure. Stocks like Infosys – down 7.93%; Mphasis – down 6.25%; Tech Mahindra – down 5.45%; Mindtree – down 4.61%; Wipro – down 3.83%; TCS – down 3.56% and HCL Technologies – down 3.36% were trading in the negative territory.
  • Metals Stocks: Under pressure. Stocks like APL Apollo – down 2.60%; Hindustan Zinc – down 2.26%; Welspun Corp – down 2.05%; National Aluminium – down 1.17%; Hindalco – down 1.16% and Hindustan Copper – down 1.07% were trading in the negative territory.
  • Pharma Stocks: Under pressure. Stocks like Biocon – up 3.38%; Strides Pharma – up 2.76%; IPCA Labs – up 2.53%; Aurobindo Pharma – up 2.49%; Natco Pharma – up 2.27% and Abbot India – down 2.17% were trading in the negative territory.
  • Healthcare Stocks: Under pressure. Stocks like Apollo Hospital – down 4.20%; Granules – down 2.03%; Syngene – down 1.73% and Sun Pharma – down 1.68% were trading in the negative territory.
  • Realty Stocks: Under pressure. Stocks like Indiabulls Real Estate – down 5.71%; Sobha – down 3.55%; Phoenix Mills – down 3.51%; Lodha -down 3.40% and DLF – down 2.63% were trading in the negative territory.
  • Consumer Durables Stocks: Under pressure. Stocks like Voltas – down 4.27%; Crompton Greaves – down 1.93%; TTK Prestige – down 1.70%; Dixon Technologies – down 1.69% and Relaxo – down 1.62% were trading in the negative territory.
  • Oil & Gas Stocks: Under pressure. Stocks like Hindustan Petroleum – down 3.20%; Adani Total Gas – down 2.51%; GSPL – down 2.47%; BPCL – down 1.82% and MGL – down 1.16% were trading in the negative territory.
  • Agriculture Related Stocks: Under pressure. Stocks like UPL Ltd. – down 2.58%; Rallis India – down 1.16%; Avanti Feeds – down 3.06%; and Dhanuka Agritech – down 2.17% were trading in the negative territory.
  • Auto Ancillary Stocks: Under pressure. Stocks like Motherson Sumi – down 1.62%; Exide Industries – down 1.94%; Bharat Forge – down 2.19%; Minda Corp – down 1.29%; Gabriel India – down 1.93%; Ramkrishna Forgings – down 2.40%; Minda Industries – down 2.55% and Mahindra CIE – down 2.44% were trading in the negative territory.
  • Chemical Stocks: Under pressure. Stocks like PCBL – down 5.03%; Deepak Nitrite – down 2.63%; Manali Petro – down 2.36%; Valiant Organics – down 4.98% and Rossari Biotech – down 3.24% were trading in the negative territory.

Impact of Q43FY22 Results: Infosys + HDFC Bank + Alok Industries + Oriental Hotels

  • Infosys: Down 7.93%. IT major Infosys has reported a 2.1% QoQ decline in the consolidated profit at Rs 5,686 crore for the fourth quarter ended March 31, 2022 (Q4FY22). It had posted a consolidated profit of Rs 5,809 crore in the previous quarter ended December 31, 2021 (Q3FY22). India’s second-largest software firm’s revenue from operations grew 1.3% QoQ to Rs 32,276 crore compared to Rs 31,867 crore posted in the December quarter. Revenue in dollar terms grew 0.7% QoQ to $428 crore in the period under consideration against Rs 425 crore posted in the previous quarter. EBIT stood at Rs 6,956 crore, down 7.1% QoQ from Rs 7,484 crore posted in the previous quarter. Margin declined to 21.6% in Q4FY22 as against 23.5% posted in Q3FY22. Besides, the IT major has declared a final dividend of Rs 16 per share. 
  • HDFC Bank: Down 4.28%. Private lender HDFC Bank on Saturday reported a 22.8% YoY rise in net profit for the March quarter at Rs 10,055.20 crore for the quarter ended March 31, 2022. It had reported a profit of Rs 8,1876.50 crore in the year-ago quarter. The bank’s net interest income (NII), the difference between the interest income a bank earns from its lending activities and the interest it pays to depositors, rose 10.2% to Rs 18,872.70 crore as compared to Rs 17,120.20 crore posted last year. Net interest margin (NIM) stood at 4% against 4.1% posted in the year-ago quarter. Gross non-performing assets (GNPA) as a percentage of total advances stood at 1.17% compared with 1.26% in the December quarter. The net NPA stood at 0.32% in Q4FY22 against 0.37% posted in Q3FY22. Total provisions fell 20.4% YoY to Rs 3,312.3 crore as against Rs 4,693.7 crore while growing 10.6% QoQ against Rs 2,994 crore posted in the previous quarter. Besides, the private sector lender has received the board of directors’ approval for the issuance of debt instruments aggregating to Rs 50,000 crore in the next twelve months. The Board of Directors of the Bank on Saturday approved the re-appointment of Mrs Renu Karnad as Non-Executive Director (Nominee of Housing Development Finance Corporation Limited, promoter of the Bank) on the Board of the Bank, for five years with effect from September 3, 2022, subject to the approval of the shareholders at the ensuing Annual General Meeting. In addition, the Board of Directors of the Bank will meet on April 23, 2022, to consider a proposal for a recommendation of dividend on the equity shares of the Bank for the financial year ended March 31, 2022.
  • Alok Industries: Down 9.04%. The Textile manufacturing company has reported a consolidated loss of Rs 26.8 crore for the quarter ended March 31, 2022, as compared to a loss of Rs 500 crore posted in the corresponding quarter of the previous financial year. Revenue from operations grew 37% YoY to Rs 2,011 crore as compared to Rs 1,467 crore posted last year. EBITDA grew 1.1% YoY to Rs 154 crore as compared to Rs 152.3 crore posted last year. Margin declined to 7.7% in Q4FY22 as compared to 10.4% posted in Q4FY21. 
  • Oriental Hotels: Down 5.11% Oriental Hotels, a part of the Taj Group, on Friday reported a consolidated net profit of Rs 1.4 crore for the quarter ended March 31, 2022. It had posted a consolidated loss of Rs 4.7 crore in the corresponding quarter of the last financial year. Revenue from operations grew 24.5% YoY to Rs 66 crore compared to Rs 53 crore posted last year. EBITDA grew 91.7% YoY to Rs 11.5 crore compared to Rs 6 crore posted last year. Margin improved to 17.4% in Q4FY22 as against 11.3% posted in Q4FY21. 

Stocks in News

  • Tata Power: Down 5.53%. The Tata Power Company Ltd. and BlackRock Real Assets-led consortium, including Mubadala Investment Company, has entered into a binding agreement to invest in Tata Power’s renewable energy subsidiary, Tata Power Renewable Energy Limited. BlackRock Real Assets, together with Mubadala, shall invest Rs 4,000 crore (~US$ 525 million) by way of equity / compulsorily convertible instruments for a 10.53% stake in Tata Power Renewables, translating to a base equity valuation of Rs 34,000 crore. The final shareholding will range from 9.76% to 11.43% on final conversion. The proposed investment is expected to fund Tata Power Renewables’ aggressive growth plans.
  • Tata Steel: Up 1.59%. The Board of Directors of the Company is scheduled to meet on May 3, 2022, to consider and take on record the audited Standalone and unaudited Consolidated financial statements and results for the quarter ended March 31, 2022, and recommend dividend, if any, for the financial year ended March 31, 2022. The board will also consider a proposal for sub-division of the Equity Shares of the Company having a face value of Rs 10/- each.  

 


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