Greaves Cotton, Oberoi Realty in Cheviot – here are the best buzzing stocks today
The benchmarks traded with robust gains in early noon trades on Monday January 10, 2022. At 12:32 pm, the S&P BSE Sensex traded with a gain of 468.52 points or 0.78% to 60,213 , 17. The Nifty 50 was up 142.45 points or 0.80% to 17,955.15. But some stocks made the news after the market closed. Meanwhile, some stocks were moving back and forth based on reports tied to them. Here is a list of some of these stocks:
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Cotton greaves: up to 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 India: Up 2.01%.
Cement JK: up 2.64%.
HDFC AMC: Up 3.30%.
Male infraconstruction: + 8.13%.
eClerx: Up 2.96%.
JSW Energy: up 1.14%.
Sugar stocks: Moving. 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.
Fertilizer stocks: On the 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.
Tours and travel stocks: Moving. 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.
Bank shares: On a move with the Nifty Bank index trading at a gain of 0.98%. Stocks like Federal Bank – up 4.54%; RBL Bank – up 3.15%; Kotak Bank – up 1.95%; GNP – 1.41%; Axis Bank – up 1.35%; Banque ICICI – up 1.23%; SBI – up 1.19%, among others, was trading in positive territory.
Automotive stocks: Moving. Stocks like Maruti – up 3.29%; Hero MotoCorp – up 2.74%; Bharat Forge – up 2.26%; Tata Motors – up 2.22%; Bajaj Auto – up 1.39% and M&M – up 1.21% among others with the exception of Balkrishna Industries – down 0.27% were trading in positive territory.
Real estate actions: on the move. Stocks like Sunteck Realty – up 7.50%; Brigade Entreprises – up 2.30%; Oberoi Realty – up 2.29%; DLF – up 1.60% Sobha – up 1.31% was trading in positive territory.
T3FY22 Commercial Update Reactions
Long Tata Steel Products: Up 1.51%. The company sold 1.64 lakh tonnes of salable steel during Q3FY22. Crude steel production was 1.71 lakh tonnes, an increase of 16% year-on-year.
Oberoi Realty: Up 2.29%. The company reported a 57.9% year-over-year jump in unit reservations. Oberoi Realty sold 371 units in the last quarter compared to 235 units a year ago. He said the area booked increased 104% year-on-year to 10.4 lakh square feet at T3FY22 from 5.1 lakh square feet booked last year. The value of bookings jumped 102.4% year-on-year to reach Rs 1,965 crore in Q3FY22 from Rs 971 crore in Q3FY21.
Sobha Ltd. : Up 1.31%. The company in its trade update for T3FY22 said its quarterly sales increased 16.7% year-on-year to 13.22 lakh square feet at T3FY22, compared to 11.22 lakh square feet sold at T3FY21. The total sales value jumped 18% to Rs 1,047.5 crore from Rs 887.6 crore. Achieved the best share on record in sales value, which increased 34% year-on-year, to Rs 908.2 crore in the quarter, from Rs 677.7 crore. Average achievement rose 1.15% to Rs 792 crore from Rs 783 crore. In addition, the company’s average cost of borrowing also declined during the quarter. It achieved the highest total sales volume and sales value on record in nine months. Reached the highest ever sales volume in Bangalore during 9M-22.
Actions in the news
GMR infrastructures: Up 3.82%. All existing M&O contracts with expiration dates January 27, 2022, February 24, 2022, and March 31, 2022 will expire January 10, 2022. F&O contracts will expire January 10, 2022, due to inventory adjustments. However, the new M&O contracts will be issued on January 11, 2022.
Cheviot: Up 7.20%. The repurchase of the company up to 250,000 shares, representing 3.99% of the total paid-up share capital of the company, at Rs 1,725 per share, will remain open from January 10, 2022 to January 21, 2022.
Alambic Pharma: Up 1.79%. The company has received interim approval from the USFDA 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%. He signed a Letter of Intent (LOI) worth $ 95 million (Rs 700 crore at the current exchange rate) with one of the top ten multinational crop protection companies for the supply of a new active ingredient linked to life sciences.
RBL Bank: Up 3.15%. The private lender announced a strategic collaboration to fuel the Bank’s customer experience strategy and broaden its value proposition to serve its rapidly growing customer base through its digital platform, Abacus 2.0.
TCS: Up to 1%. The company’s board of directors, at its meeting to be held on January 12, 2022, will review the company’s share buyback proposal, as well as the T3FY22 results statement.
Anand Rathi Wealth: Down 1.27%. The mandatory 30-day blocking period for key investors ended today.
Avenue supermarkets: Down 2.19%. The operator of the Avenue Supermarts hypermarket chain on Saturday announced a 24.7% year-on-year increase in stand-alone profit to Rs 586 crore for the quarter ended December 31, 2021. It posted a profit of Rs 470 crore as of corresponding quarter of the previous fiscal year. Its revenue rose 22% to Rs 9,065 crore, from Rs 7,433 crore posted last year. EBITDA stood at Rs 862 crore, up 25.6% from Rs 692 crore reported last year. The margin stood at 9.6% in Q3FY22 versus 9.3% in Q3FY21. The general merchandise and clothing businesses consistently see a relatively smaller contribution to sales, while essentials and FMCGs do better.
Indigo: Up 2.41%. Low-cost carrier Indigo said on Sunday it would waive change fees for all new and existing bookings made through January 3, for flights through March 31. It also announced the withdrawal of 20% of its scheduled flights due to the drop in demand.
Lupine: Up 2.59%. LIC increased its stake in the company from 7.86% to 8.39%. ICICI Prudential Life reduced its stake to below 1%. Its stake was 1.11% at T2FY22.