Page 56 - Buzzing Stocks
CSB Bank soars 10% as Q2 net profit rises 72% YoY; pares gains later
Net profit was aided by higher net interest income (NII) and lower provisioning
 "CSB Bank soars 10% as Q2 net profit rises 72% YoY; pares gains later")
RIL, ICICI Bank: Charts indicate up to 11% upside for these heavyweights
Reliance needs to sustain above Rs 2,700 for a strong upward momentum, while ICICI Bank seems to be on track to Rs 900 level
 "RIL, ICICI Bank: Charts indicate up to 11% upside for these heavyweights")
Tanla Platforms hits second straight 5% upper limit on strong Q2 results
Shares of the country's largest CPaaS provider were trading at record high levels having rallied 36 per cent in the last one month
 "Tanla Platforms hits second straight 5% upper limit on strong Q2 results")
PSBs in focus; SBI hits new high, Canara, Indian Bank hit 52-week highs
Indian Bank, Union Bank of India, Canara Bank and Bank of Baroda soared between 25 per cent and 49 per cent in the past one month
 "PSBs in focus; SBI hits new high, Canara, Indian Bank hit 52-week highs")
Tatva Chintan soars 17% on robust Q2 nos; stock up 130% from issue price
In Q2FY22, the company's consolidated net profit jumped an over nine-fold to Rs 32.41 crore against Rs 3.56 crore in Q2FY21
 "Tatva Chintan soars 17% on robust Q2 nos; stock up 130% from issue price")
Asian Paints slips 10% in 3-days post Q2 results; stock at 5-month low
With regards to the whistleblower's claim of related party transaction, Asian Paints has clarified the transactions were undertaken in compliance with law and there was no basis for the allegations
 "Asian Paints slips 10% in 3-days post Q2 results; stock at 5-month low")
Market Outlook: Nifty, Bank Nifty on divergent path; 2 stocks to short
Sameet Chavan of Angel Broking recommends shorting Titan and UBL as the counters look weak on the charts
 "Market Outlook: Nifty, Bank Nifty on divergent path; 2 stocks to short")
Vaishali Parekh recommends buying Axis Bank, Hindustan Oil Exploration
The technical analyst from Prabhudas Lilladher finds both these stock attractive on the charts
 "Vaishali Parekh recommends buying Axis Bank, Hindustan Oil Exploration")
This stock from Rakesh Jhunjhunwala's portfolio has zoomed 115% in 13 mths
Federal Bank hit a fresh 52-week high at Rs 105.10, and rallied 9 per cent in today trade after reporting a strong set of Q2 numbers
 "This stock from Rakesh Jhunjhunwala's portfolio has zoomed 115% in 13 mths")
KEC International surges 12% in volatile market on Rs 1,829-cr order win
The management said the company's year to date order intake has now surpassed Rs 7,000 crore
 "KEC International surges 12% in volatile market on Rs 1,829-cr order win")
LIC Housing, Can Fin Homes slip 8% post Q2; HDFC at record high on Q2 hopes
Analysts believe that HDFC was able to gain the market share, especially from other HFCs and even smaller banks, due to its superior liability franchise and lower cost of fund
 "LIC Housing, Can Fin Homes slip 8% post Q2; HDFC at record high on Q2 hopes")
TVS Motor soars 10% on highest-ever revenue, EBITDA in Q2
TVS board approved the incorporation of a subsidiary to undertake the electric mobility business
 "TVS Motor soars 10% on highest-ever revenue, EBITDA in Q2")
IRB Infra zooms 16%, stock up 39% in 3 days on plans to raise funds
The company's board meet is scheduled to be held on Tuesday, October 26, 2021 to also consider and approve a proposal of fund raising and also announce September quarter results
 "IRB Infra zooms 16%, stock up 39% in 3 days on plans to raise funds")
Indian Energy Exchange soars 10% on strong Q2 show, 2:1 bonus issue
In Q2Fy22, IEX posted a near 75 per cent jump in consolidated net profit at Rs 77.38 crore, mainly on the back of higher revenues.
 "Indian Energy Exchange soars 10% on strong Q2 show, 2:1 bonus issue")
Stocks to Watch: RIL, ICICI Bank, PSBs, Tata Consumer, IEX, Yes Bank, Zee
State-run PSU banks are likely to be in focus today as government plans to shore up capital requirement in Q2; Focus will also be on other corporate results
 "Stocks to Watch: RIL, ICICI Bank, PSBs, Tata Consumer, IEX, Yes Bank, Zee")
Asian Paints dips 7% post Q2 results; stock hits over 2-month low
Steep inflation seen in raw material prices, since the beginning of this calendar year, has been phenomenal and has impacted gross margins across all businesses in the quarter.
 "Asian Paints dips 7% post Q2 results; stock hits over 2-month low")
Rakesh Jhujhunwala ups stake in Tata Motors DVR by 10 million shares in Q2
Rakesh Jhujhunwala increased his stake in Tata group company to 3.93 per cent in September quarter from 1.97 per cent at the end of June quarter.
 "Rakesh Jhujhunwala ups stake in Tata Motors DVR by 10 million shares in Q2")
Union Bank of India at 52-week high, stock rallies 42% so far in October
Post merger of Andhra Bank and Corporation Bank, Union Bank has raised capital which has improved the capitalisation levels of the bank enhancing its ability to absorb asset quality pressures
 "Union Bank of India at 52-week high, stock rallies 42% so far in October")
Shoppers Stop surges 20% on strong operational performance in Q2
The company said it witnessed a strong recovery in demand after the second wave across the formats, with sales moving swiftly close to pre-pandemic levels in August and September
 "Shoppers Stop surges 20% on strong operational performance in Q2")
Havells India dips 9% on margin disappointment in Sept quarter
In Q2, Ebitda margin declined 338 bps year-on-year to 13.8 per cent, mainly due to higher raw material costs
 "Havells India dips 9% on margin disappointment in Sept quarter")
