The domestic equity markets were trading with gains in the early noon deals of Tuesday, January 11, 2022. At 12:27 pm, the S&P BSE Sensex was trading at a gain of 114.51 points or 0.19% at 60,510.14. The Nifty 50 index was trading 24 points or 0.13% higher at 18,027.30. 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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Just Dial: Up 9.09%.
GMDC: Up 6.93%.
Astec LifeSciences: Up 3.43%.
Nilkamal: Up 6.99%.
NLC India: Up 4.53%.
NCC: Up 2.84%.
BASF: Up 6.97%.
Shalby: Up 6.43%.
Bharat Dynamics: Up 3.59%.
Tarsons Products: Up 1.66%.
Unichem Laboratories: Up 3.26%.
Phillips Carbon: Up 1.18%.
Delta Corp: Up 1.14%. The stock was buzzing ahead of the results.
Hosiery Stocks: On a move. Stocks like Rupa & Company – up 6.65%; Lovable Lingerie – up 4.99%; VIP Clothing – up 4.80%; Dollar Industries – up 5.34% were trading with gains.
Realty Stocks: On a move. Stocks like Brigade Enterprises – up 2.42%; Macrotech Developers – up 2.08%; Sunteck Realty – down 2%; Indiabulls Real Estate – up 1.96% and Sobha Ltd – up 1,84% were trading with gains.
IT Stocks: On a move. Stocks like Coforge – up 4.22%; HCL Technologies – up 4.05%; Infosys – up 0.91%; LTTS – up 0.89% and LTI – up 0.80% were trading with gains.
Gland Pharma: Down 2.43%.
Bharti Airtel: Down 1.31%.
Vodafone Idea: Down 13.47%. Vodafone Idea’s board has informed the telecom department that it will opt for converting the interest on the spectrum and adjusted gross revenue (AGR) dues into government equity. In this case, it would mean that government will hold 35.8%.
Metal Stocks: Declining. Stocks like SAIL – down 3.55%; Jindal Steel – down 2.65%; JSW Steel – down 2.17%; Tata Steel – down 1.67%; Vedanta – down 1,42% and NMDC – down 1.11% were trading in negative territory.
Earnings + Q3FY22 Business Updates Reactions
5paisa Capital: Down 3.16%. The company has reported a 78.1% YoY drop in its consolidated profit at Rs 0.7 crore for the quarter ended December 31, 2021 (Q3FY22). It had posted a profit of Rs 3.2 crore in the corresponding quarter of the previous financial year (Q3FY21). Its revenue from operations grew 61.6% YoY to Rs 80 crore in Q3FY22 as against Rs 49.5 crore posted last year. EBITDA dropped 10.5% YoY to Rs 8.5 crore compared to Rs 9.5 crore posted last year. Margin contracted to 10.6% in Q3FY22 against 19.2% posted in Q3FY21. The company’s other expenses grew by 96.8% to Rs 61 crore against Rs 31 crore posted last year.
Paytm: Down 1.73%. Paytm on Monday reported its Q3FY22 business update and said the number of loans disbursed through its platform increased by 401% YoY to 44.14 lakh loans in Q3FY22 against 8.81 lakh loans disbursed in Q3FY21. In Q3FY22, the value of loans disbursed through the platform during the quarter was Rs 2180 crore (run-rate of $1 .2 billion), an increase of 365% YoY compared to Rs 470 crore disbursed in Q3FY21. The company’s monthly transacting users (MTU) showed consistent growth in FY21 and the first two-quarters of FY22. The trajectory has continued in the third quarter of FY22 with 6.44 crore average MTUs, a growth of 37% YoY over the 4.71 crores average MTUs in Q3FY21. Growth of Gross Merchandise Value (GMV) continues in Q3FY22 even after the festive season. GMV processed through the platform during the quarter aggregated to approximately Rs 2,50,100 crore ($33.6 billion), a growth of 123% YoY compared to Rs 1,12,100 crore posted in Q3FY21. Monthly GMV per MTU at 12950, Up 54.4% YoY.
PB Fintech: Down 3.33%. The insurance premium originated by PB Fintech group increased from an aggregate of Rs 1,067 crore to Rs 1,786 Cr, marking a growth of 67% for the quarter ended December 31, 2021, over the quarter ended December 31, 2020. As per the internal classification of the Company, the insurance premium for first-year transactions through Policybazaar Insurance Brokers Private Limited (“PolicyBazaar’’) for India business (not including the POSP business) grew from Rs 627 crore in the quarter ended December 31, 2020, to Rs 1,052 crore in the quarter ended December 31, 2021, marking a growth of 68%. Within this, life insurance business, health insurance business & other insurance business grew at 73%, 50% and 69% respectively as compared to the same quarter last fiscal year. Disbursement of loans through Paisabazaar Marketing and Consulting Private Limited (“Paisabazaar”) grew from an aggregate of Rs 994 crore in the quarter ended December 31, 2020, to Rs 1,880 crore in the quarter ended December 31, 2021, registering a growth of 89%.
Antony Waste Handling: Up 1%. Total Operating Revenue (tipping revenue from C&T, Mechanical Power Sweeping and Waste Processing) for Q3FY22 has improved by approximately 22% YoY, and on a sequential basis, has remained stable. Total tonnage handled by the Collection & Transportation Business (excluding those projects with fixed shifts/trips/households) in Q3FY22 has reported around 13% growth over YoY and around 3% growth sequentially, while total waste processed by the Company during Q3 FY22, has improved by around 6% YoY and around 4% sequentially. Total compost sales during Q3 FY22 stood at 3,144 tons as compared to 2,908 tons in Q2 FY22 and 2,291 tons in Q3FY21.
Stocks in News
Star Health Insurance: Down 1.23%. Gross premium income up 15.4% at Rs 864 crore.
New India Assurance: Up 0.94%. Gross premium income up 14.2% at Rs 3,631 crore.
ICICI Lombard: Down 1.04%. Gross premium income up 5.6% at Rs 1,513 crore.
Hinduja Global: Up 7.17%. Board will meet on January 14, 2022, to consider potential mergers and acquisition opportunities and quantum and timings or buyback of equity share.
MCX: Down 1%. MCX has levied an additional margin of 3% on the long (buy) and short (sell) side on all running contracts and yet to be launched contracts of cotton with effect from Wednesday, January 12, 2022. Besides, the Securities and Exchange Board of India (SEBI) has unveiled a framework for making operational gold exchanges that will facilitate the trading of yellow metal in the form of electronic gold receipts (EGRs). The stock exchanges interested in EGRs may apply to SEBI for approval of trading in the new segment, the regulator said in a circular.