Thermax, Cipla to Auto Ancillary Stocks – here are top Buzzing Stocks today

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Domestic benchmarks were trading over half a per cent higher in Wednesday’s noon deals. At 1:04 pm, S&P BSE Sensex was trading 331.83 points or 0.66% higher at 50,969.36. The Nifty 50 index was trading 86.45 points or 0.57% higher at 15,294.90. Meanwhile, certain stocks were in action in either direction based on reports linked to them. Here is a list of few such stocks:

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Earning Reactions: 

Thermax Ltd: Buzzing and trading 5.51% higher. It has reported a 175.2% YoY rise in the consolidated profit at Rs 107.4 crore for the quarter ended March 31, 2021. It had posted a profit of Rs 39 crore in the corresponding quarter last year.

Godawari Power & Ispat: Buzzing and trading 6.46% higher. It has reported a 788.4% YoY rise in the consolidated profit at Rs 304 crore for the quarter ended March 31, 2021. It had posted a profit of Rs 34.2 crore in the corresponding quarter last year.

Transport Corporation of India: Buzzing and trading 17.82% higher. It has reported an 81.2% YoY rise in the consolidated profit at Rs 65.5 crore for the quarter ended March 31, 2021. It had posted a profit of Rs 36.2 crore in the corresponding quarter last year.

Anjani Portland Cement: Down 2.98%. It has reported a 202.50% YoY rise in the consolidated profit at Rs 24.2 crore for the quarter ended March 31, 2021. It had posted a profit of Rs 8 crore in the corresponding quarter last year.

Laxmi Organics: Down 3.13%. The chemical manufacturing company has reported a 256.9% YoY rise in the consolidated profit at Rs 36.4 crore for the quarter ended March 31, 2021. It had reported a profit of Rs 10.2 crore in the corresponding quarter last year.

Lux Industries: Hits 10% upper circuit. The underwear company headquartered in Kolkata has reported a 118.3% YoY rise in the consolidated profit at Rs 90.6 crore for the quarter ended March 31, 2021. It had reported a profit of Rs 43 crore in the corresponding quarter last year.

StoveKraft: Down 0.51%. It has reported a consolidated profit of Rs 19.2 crore for the quarter ended March 31, 2021, as compared to a consolidated loss of Rs 10.2 crore posted in the corresponding quarter last year. Revenue grew 52.9% to Rs 235.4 crore against Rs 154 crore posted last year. The EBITDA profit stood at Rs 25.2 crore against an EBITDA loss of Rs 1.4 crore reported last year. It posted a positive margin of 10.7% in Q4FY21 compared to a negative margin of 0.90% posted in Q4FY20.

Polyplex Corp: Down 4.23%. It has reported 9.5 times YoY jump in the consolidated profit at Rs 204.9 crore for the quarter ended March 31, 2021. It had posted a profit of Rs 21.5 crore in the corresponding quarter last year.

Stocks in News

SPARC: Up 2.45%. Mr. Dilip Shanghvi has tendered his resignation as the Managing Director of the Company with immediate effect, which was accepted by the Board. He will continue to be associated with the Board in his capacity as a non-executive director and Chairman of the Company.

Cipla: Up 0.96% Moderna is expecting to launch a single-dose COVID-19 vaccine in India next year. It is in talks with Cipla among other Indian firms to supply 5 crore doses of the vaccine.

PNB Housing: Up 2.72%. Punjab National Bank (PNB) and PNB Housing Finance have entered into a fresh trademark agreement under which in the event PNB’s shareholding in PNB Housing falls below 20%, PNB would have the right to terminate the revised Agreement. In case of such termination, PNB Housing shall be allowed a transition period of up to 24 months for a change of Brand name. PNB Housing will pay a royalty which is higher of 0.2% of Revenue and 2% of PAT subject to a minimum charge of INR 14.97 crore and a maximum charge of INR 30 crore. The royalty will be payable upon PNB’s stake falling below 30%.

Buzzing Stocks

Gems & Jewellery Stocks: Buzzing. Stocks like Titan – up 1.80%, Kalyan Jewellers – up 5.01% and Thangamayil Jewellery – up 6.54% among others were trading higher.

Hosiery Stocks: Buzzing. It is an impact of the results of Lux Industries. Hosiery stocks like Dollar Industries – 4.04%, Rupa & Company – up 2.51% and VIP Clothing – up 4.73% among others were trading higher.

Agri Related Stocks: Buzzing. Stocks like Kaveri Seeds – up 2.54%, UPL – 2.17% and Sharda Cropchem Ltd – 5.58% among others were trading higher.

Oil & Gas Stocks: Buzzing. Stocks like Indian Oil Corporation – up 2.04%, BPCL – up 0.46%, Mahanagar Gas Ltd – up 2.14% were trading higher.

Auto Ancillary Stocks: Buzzing. Stocks like Ramakrishna Forge – up 5.91%, Jay Bharat Maruti – up 6.96% and Jamna Auto – up 3.74% were trading higher.

Midcap Cement Stocks: On a move. Shree Digvijay Cement – up 1.93%, Mangalam Cement – up 1.87% and India Cement – up 1.45% among others were trading higher.

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