The benchmark indices were trading with robust gains in the early noon deals of Monday, January 10, 2022. At 12:32 pm, the S&P BSE Sensex was trading at a gain of 468.52 points or 0.78% at 60,213.17. The Nifty 50 was up 142.45 points or 0.80% at 17,955.15. But certain stocks came in the news after the market was closed. Meanwhile, certain stocks were in action in either direction based on reports linked to them. Here is a list of some of such stocks:
See Zee Business Live TV Streaming Below:
Greaves Cotton: Up 12.55%.
Monte Carlo: Up 8.34%.
KPIT Technologies: Up 4.93%.
Asahi Glass: Up 3.84%.
Tata Metaliks: Up 4.97%.
Century Ply: Up 3.61%.
Hero MotoCorp: Up 2.63%.
Maruti: Up 3.29%.
Redington India: Up 3.37%.
PVR: Up 3.20%.
Jubilant Ingrevia: Up 4.73%.
BHEL: Up 4.79%.
Ratnamani Metals & Tubes: Up 3.40%.
Venky’s India: Up 2.01%.
JK Cement: Up 2.64%.
HDFC AMC: Up 3.30%.
Man Infraconstruction: Up 8.13%.
eClerx: Up 2.96%.
JSW Energy: Up 1.14%.
Sugar Stocks: On a move. Stocks like Dwarikesh Sugar – up 2.13%; Mawana Sugars – up 1.70%; EID Parry – up 1.70%; Andhra Sugars – up 0.57%; were trading in positive territory.
Fertiliser Stocks: On a move Stocks like GSFC – up 2.97%; Chambal Fertilizer – up 1.71%, Madras Fertilizers – up 0.62% and GNFC – up 0.87% were trading in positive territory.
Tour & Travel Stocks: On a move. Stocks like International Travel House – up 9.97%; Cox & Kings – up 4.55%; BLS International – up 4.85%; Easy Trip Planners – up 4.08%; Thomas Cook – up 3.72%; ITC – up 1.88% and IRCTC – up 1.84% were trading in positive territory.
Banking Stocks: On a move with Nifty Bank index trading at a 0.98% gain. Stocks like Federal Bank – up 4.54%; RBL Bank – up 3.15%; Kotak Bank – up 1.95%; PNB – 1.41%; Axis Bank – up 1.35%; ICICI Bank – up 1.23%; SBI – up 1.19% among others were trading in positive territory.
Auto Stocks: On a move. Stocks like Maruti – up 3.29%; Hero MotoCorp – up 2.74%; Bharat Forge – up 2.26 per cent; Tata Motors – up 2.22%; Bajaj Auto – up 1.39% and M&M – up 1.21% among others except for Balkrishna Industries – down 0.27% were trading in positive territory.
Realty Stocks: On a move. Stocks like Sunteck Realty – up 7.50%; Brigade Enterprises – up 2.30%; Oberoi Realty – up 2.29%; DLF – up 1.60% Sobha – up 1.31% were trading in positive territory.
Q3FY22 Business Update Reactions
Tata Steel Long Products: Up 1.51%. The company has sold 1.64 lakh tonnes of saleable steel in Q3FY22. Crude steel production stood at 1.71 lakh tonnes, which was a 16% rise YoY.
Oberoi Realty: Up 2.29%. The company has reported a 57.9% YoY jump in the booking of the units. Oberoi Realty sold 371 units during the last quarter against 235 units a year ago. It said the booked area increased by 104% YoY at 10.4 lakh square feet in Q3FY22 against 5.1 lakh square feet booked last year. Booking value surged by 102.4% YoY to Rs 1,965 crore in Q3FY22 against Rs 971 crore in Q3FY21.
Sobha Ltd.: Up 1.31%. The company in its business update for Q3FY22 said that its quarterly sales grew by 16.7% YoY to 13.22 lakh square feet in Q3FY22 compared to 11.22 lakh square feet sold in Q3FY21. Total sales value jumped 18% to Rs 1,047.5 crore compared to Rs 887.6 crore. Achieved best-ever share of sale value, which increased by 34% YoY, to Rs 908.2 crore during the quarter compared to Rs 677.7 crore. The average realisation grew by 1.15% to Rs 792 crore against Rs 783 crore. Besides, the company’s average cost of borrowing has also come down during the quarter. It achieved the highest ever nine months total sales volume and sale value. Achieved highest ever Sales volume in Bengaluru during 9M-22.
Stocks in News
GMR Infrastructure: Up 3.82%. All existing F&O contracts with expiry dates January 27, 2022, February 24, 2022, and March 31, 2022, will expire on January 10, 2022. The F&O contracts will expire on January 10, 2022, due to adjustments in the stocks. However, the new F&O contracts will be issued on January 11, 2022.
Cheviot: Up 7.20%. The company’s buyback up to 2,50,000 equity shares, representing 3.99% of the total paid-up equity capital of the company, at Rs 1,725 per share will remain open from January 10, 2022, to January 21, 2022.
Alembic Pharma: Up 1.79%. The company has received USFDA tentative approval for Dronedarone Tablets USP 400 mg. These tablets have an estimated market size of US$ 500 million for 12 months ending September 2021 according to IQVIA.
Anupam Rasayan: Up 1.16%. It has signed a Letter of Intent (LOI) worth $95 million (Rs 700 crores as per the current exchange rate) with one of the top ten multinational crop protection companies for supplying a new life science-related active ingredient.
RBL Bank: Up 3.15%. The private lender has announced a strategic collaboration to fuel the Bank’s customer experience strategy and expand its value proposition to serve its rapidly growing customer base through its digital platform, Abacus 2.0.
TCS: Up 1%. The Board of Directors of the company in its meet to be held on January 12, 2022, will consider the proposal for buyback of equity shares of the Company, along with the declaration of the Q3FY22 results.
Anand Rathi Wealth: Down 1.27%. The mandatory lock-in period of 30 days for anchor investors ended today.
Avenue Supermarts: Down 2.19%. Hypermarket chain operator Avenue Supermarts on Saturday reported a 24.7% YoY rise in the standalone profit at Rs 586 crore for the quarter ended December 31, 2021. It had posted a profit of Rs 470 crore in the corresponding quarter of the previous financial year. Its revenue grew 22% to Rs 9,065 crore as against Rs 7,433 crore posted last year. EBITDA stood at Rs 862 crore, up 25.6% from Rs 692 crore posted last year. Margin stood at 9.6% in Q3FY22 against 9.3% posted in Q3FY21. General merchandise and apparel business is consistently seeing relatively lesser sales contribution while essentials and FMCG are doing better.
IndiGo: Up 2.41%. Budget carrier Indigo on Sunday said that it will waive change fees for all new and existing bookings made up to 3 January, for flights up to 31 March. It has also announced the withdrawal of 20 per cent of its scheduled flights due to reduced demand.
Lupin: Up 2.59%. LIC has increased its stake in the company from 7.86% to 8.39%. ICICI Prudential Life has reduced its stake below 1%. Its stake stood at 1.11% in Q2FY22.