National equity benchmarks were trading in the positive zone during the afternoon session on Monday, November 8, 2021. At 12:38 p.m., the S&P BSE Sensex was trading with a gain of 172.49 points or 0.29% at 60,240.11. The Nifty 50 index gained 59.85 points or 0.33% and traded at 17,976.65. Earlier in intraday trading, the Sensex and Nifty touched a low of 59,779.19 and 17,836.10, respectively. Meanwhile, some stocks were moving back and forth based on reports tied to them. Here is a list of a few of these stocks:
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Muthoot Finance: Up 9.27%.
Pfizer: Up 6.24%.
Spice spray: up 2.83%.
Phoenix Mills: Up 6.42%.
Century Fold: Up 3.52%.
Mazagaon wharf: Up 2.32%.
Tamilnadu Petroproducts: Up 4.12%.
Endurance technologies: Up 1.30%.
Mirza International: Up 12.67%.
Triveni turbine: Up 3.73%.
Solara Active Pharma: Up 6.25%.
Mahindra Logistics: Up 4.65%.
Grindwell Norton: Up 4.09%.
KPR Mills: Up 4.98%.
AllCargo Logistics: Up 4.46%.
Anupam Rasayan: Up 3.49%.
VEDL: Up 2.10%.
BEL: Up 4.81%.
Devyani International: Up 2.18%.
Specialty restaurant: Up 3.55%.
Astra microwave: Up 7.85%.
Godrej Agrovet: Up 4.24%.
Grasim: Up 2.25%.
Nation of barbecue: Up 5.03%.
Automotive stocks: Progress with the Nifty Auto index which is trading 0.49% higher. Stocks like Eicher Motors – up 2.23%; Tata Motors – up 1.50%; TVS Motor – up 1.21% and Ashok Leyland – up 0.72% were trading with gains.
Automotive auxiliary actions: Rise. Stocks like Bharat Forge – up 2.85%; Investments in tubes – up 2.74%; Exide Industries – up 1.83%; Bosch – up 1.69%; Balkrishna Industries – up 1.46% and MRF – up 1.19% were trading with gains.
Stocks of precious stones and jewelry: Rise. Stocks like Titan – up 3.63%; TBZ – up 2.99% and Goldiam International – up 3.66% were trading higher.
Cement stocks: Rise. Stocks like UltraTech Cement – up 4.46%; ACC – up 2.94%; JK Cement – up 7.58%; Sagar Cements – up 5.33% and Dalmia Bharat – up 3.59% were trading with gains.
Shoe stocks: Rise. Mirza International shares – up 12.46%; Liberty Shoes – up 5.21% and Bata India – up 4.51% were trading with gains.
PSU banks: Progress with the Nifty PSU Bank index with a gain of 0.64%. Shares of PSU banks such as Canara Bank – up 4.20%; J&K Bank – up 4.53%; Union Bank – up 3.66%; Indian Bank – up 2.26%; GNP – up 0.95% was trading with gains.
IT actions: Progress with trading on the Nifty IT index with a gain of 0.93%. Stocks like Mindtree – up 2.96%; Coforge – up 2.75%; Tech Mahindra – up 2.46%; Mphasis – up 2.25%; LTTS – up 2.05% and Infosys – up 1.26% were trading with gains.
Oil and Gas Inventories: Progress with the Nifty Oil & Gas index with a gain of 0.64%. Stocks like Hindustan Petroleum – up 3.76%; CIO – up 3.56%; Adani Total Gaz – up 1.85%; BPCL – up 1.75%; CGSB – up 1.28% and MRPL – up 1.01% were trading with gains.
Decline in shares
Nazara Technologies: Down 3.42%.
Escort: Down 3.16%.
IPO Paytm: The initial public offering (IPO) of One 97 Communications Limited, the parent company of India’s leading digital financial services firm, Paytm, was underwritten 0.09 times at 12:26 p.m. at BSE today, the first day of subscription. The Non Institutional Investors (NII) and Retail Individual Investors (RII) units were subscribed 0.01 times and 0.48 times. The issue will close on Wednesday, November 11, 2021. The company has set the price range at Rs 2,080-2,150 per share for the offering as it seeks to raise around Rs 18,300 crore from the emission. The size of the lot offered is 6 participation shares and in multiples thereof. The issue includes a new issue of shares valued at Rs 8,300 crore and a sell offer of Rs 10,000 crore (including the Anchor portion of 3,83.02,326 Equity shares). Paytm’s fundraising plan from the IPO is the largest ever in India.
Reactions to benefits
Andhra Petrochemicals: Up 4.97%. The chemicals manufacturing company reported a 36.5% QoQ increase in consolidated profit to Rs 86 crore for the quarter ended September 30, 2021, compared to a profit of Rs 63 crore posted in the previous quarter ended September 30. June 2021. Its turnover from operations decreased by 0.4% to Rs 243 crore against Rs 244 crore posted in the quarter of June 2021. EBITDA increased by 3% to Rs 102.5 crore against Rs 99 .5 crore posted in the previous quarter. The margin increased to 42.2% in Q2FY22 against 40.8% in Q1FY22.
Divi Laboratories: Down 7.30%. The pharmaceutical company and producer of active pharmaceutical ingredients and intermediates announced a 16.7% year-over-year increase in net profit to Rs 606 crore for the quarter ended September 30, 2021, from profit of Rs 519 crore posted in the quarter of last year. . Its operating income rose 13.6% year-on-year to Rs 1,987 crore from Rs 1,749 crore posted last year. EBITDA rose 10% to Rs 818 crore from Rs 741 crore posted last year. The margin fell slightly to 41% in T2FY22 compared to 42% in T2FY21.
Sun TV Network: Down 4.88%. The mass media company announced a 17.9% year-over-year increase in consolidated profit to Rs 395 crore for the quarter ended September 30, 2021, compared to a profit of Rs 335 crore posted in the quarter last year. Its operating income rose 10.3% to Rs 848 crore from Rs 769 crore posted last year. EBITDA increased 5.2% year-on-year to Rs 529 crore from Rs 503 crore posted last year. Its margin contracted to 62.4% in T2FY22 against 65.4% posted in T2FY21. The company declared an interim dividend of Rs 2.50 per share for fiscal year 2021-22.
Suven Pharmaceuticals: Down 0.84%. The Hyderabad-based pharmaceutical company announced a 31.1% year-over-year increase in its consolidated profit to Rs 97 crore for the quarter ended September 30, 2021, compared to a profit of Rs 74 crore posted in the quarter of last year. . Its operating income rose 27% to Rs 301 crore from Rs 237 crore posted last year. EBITDA increased 25.3% year-on-year to Rs 121.5 crore from Rs 97 crore posted last year. Its margin remained almost stable at 40.4% in T2FY22 against 40.9% in T2FY21.
Exploration of Selan: Down 2.16%. The company engaged in oil exploration and production announced a 23.5% quarter-on-quarter increase in consolidated profit to Rs 2.1 crore for the quarter ended September 30, 2021, compared to profit of Rs 1.7 crore posted in the previous quarter ended June 30, 2021. Its operating income increased 12.3% to Rs 18.3 crore against Rs 16.3 crore posted in the previous quarter. EBITDA rose 4.8% to Rs 6.6 crore against Rs 6.3 crore posted in the previous quarter. The margin contracted to 36.1% in Q2FY22 from 38.7% in Q1FY22.
Dhanlaxmi Bank: Down 1.90%. The private sector lender reported a 73.9% year-on-year drop in profits to Rs 3.66 crore for the quarter ended September 30, 2021, compared to a profit of Rs 3.66 crore posted in the quarter of the year last. Net Interest Income (NII) rose 3% year-on-year to Rs 91 crore from Rs 88.66 crore posted last year. Provisions for bad and bad debts for the reported quarter reached 141.9% year-on-year, Rs 22.40 crore, compared to Rs 9.3 crore in September 2020. Gross non-performing assets (NPA) of the bank quarter-on-quarter gross advances reached 8.67% as of September 30. , 2021, against 9.25% posted in the previous quarter. Net NPA also rose to 4.92% from 4.58% posted in the previous quarter.
Actions in the news
PVR (+ 2.16%) / Inox Loisirs (+ 4.16%): Shares buzzed as the movie Sooryavanshi earned Rs 50 crore in two days, Friday and Saturday. The analyst believes Suryavanshi can collect 70-75 crore this weekend.
Tata Engines: Up 1.50%. Jaguar Land Rover (JLR) expects the current global semiconductor shortage situation to begin to gradually improve in the second half of the current fiscal year. In the meantime, the company owned by Tata Motors will continue to take measures to contain the impact of the shortage on its operations.
Bank of Industry: Down 10.31%. The private lender, in its clarification of the article titled “Whistleblowers Raise Permanent Loan Issue at IndusInd Arm,” said the allegations were made by some anonymous people allegedly acting as whistleblowers are grossly inaccurate and baseless . The bank admitted that due to a technical issue in May 2021, nearly 84,000 loans were disbursed without the customer’s consent being recorded at the time of loan disbursement. This problem was highlighted by the field staff within two days and the technical issue was corrected quickly.
CDSL: Down 1.29%. A vulnerability in a CDSL subsidiary, CDSL Ventures Limited (CVL), exposed the personal and financial data of more than 4 million Indian investors twice in 10 days, according to cybersecurity consulting startup CyberX9. The Central Depository Services (India) Limited (CDSL) is a SEBI registered depository and CDSL Ventures Ltd is a separately registered KYC registrar with the Securities and Exchange Board of India (SEBI). CDSL said CVL has taken immediate action and the vulnerability has now been mitigated. According to CyberX9, it reported the vulnerability on October 19 to CDSL and the securities depository took about 7 days to fix it, which could have been fixed immediately. Data exposed includes investor names, phone numbers, email addresses, PAN, income range, father’s name, date of birth, and more, CyberX9 said in its blog post.