PSU Stocks, L&T Technologies to Persistent Systems - here are top Buzzing Stocks today

After a gap-up start, the domestic stocks market trading with a loss of around 1% on Friday’s noon deals. At 13:18 pm, S&P BSE Sensex was trading with a fall of 495.63 points or 1% at 49,270.31.

PSU Stocks, L&T Technologies to Persistent Systems - here are top Buzzing Stocks today. Source: PTI

After a gap-up start, the domestic stocks market trading with a loss of around 1% on Friday’s noon deals. At 13:18 pm, S&P BSE Sensex was trading with a fall of 495.63 points or 1% at 49,270.31. The Nifty 50 index was trading 123.35 points or 0.83% lower at 14,771.55. Meanwhile, certain stocks were in action in either direction based on reports linked to them. Here is a list of few such stocks:

Buzzing PSUs: CONCOR – 6.93% up, BEL – 3.81% up, BHEL – 3.39% up and OMCs, like ONGC – 6.01% up, GAIL – 4.15% up, Oil India – 2.22% up, IOC – 3.06% up, are trading bullishly.

L&T Technologies on Fire: Bullish and trading 4.22% up.

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Pharma and Diagnostic Stocks doing well: Nifty Pharma index was trading 0.99 per cent up. Thyrocare – up 0.72%, Metropolis – up 0.80%, Dr Lal PathLabs – up 0.25%, Divi’s lab- up 4.21%, Lupin – 1.46% up, Cadila – up 1.42%, Sun Pharma – 0.85% up among others were trading higher.

Earning Reactions:

Persistent Systems: Bullish and trading 6.95% up. The technology services company has reported a 14% QoQ rise in consolidated profits at Rs 138 crore for the quarter ended March 31, 2021, compared to Rs 121 crore posted in the previous quarter ended December 31, 2021.

Zensar Technologies: Up 0.48%. The software company reported a 36.2% QoQ decline in consolidated profit at Rs 88 crore for the quarter ended March 31, 2021, compared to Rs 138 crore posted in the previous quarter ended December 31, 2021.

Tata Coffee: Bullish and trading 4.54% up. The company posted a strong set of results for the quarter ended March 2021. It has reported a 330% YoY rise in the profit at Rs 43 crore for the quarter ended March 31, 2021, compared to Rs 10 crore posted in the same quarter last year.

Titan: Up 0.29%. The lifestyle company Titan has reported a 48.2% YoY rise in profits at Rs 529 crore for the quarter ended March 31, 2021.

Ambuja Cement: Down 1.08%. The cement company has reported a 66.7% YoY rise in profits at Rs 665 crore for the first quarter ended on March 31, 2021 (Q1CY21).

Exide Industries: Up 0.11%. Battery maker Exide had reported a 45.2% YoY rise in profits at Rs 244 crore for the quarter ended March 31, 2021. It had reported a net profit of Rs 168 crore in the same quarter last year.

IndiaMART InterMESH: Bearish and trading 9.24% low. B2B e-commerce company has reported a 30% QoQ decline in consolidated profit at Rs 56 crore for the quarter ended March 31, 2021.

AU Small Finance Bank: Bearish and trading 8.39% lower. The commercial banking company has reported a 38.5% YoY rise in profits at Rs 169 crore for the quarter ended March 31, 2021, compared to Rs 122 crore posted last year in the same quarter.

Mahindra Logistics: Down 2.83%. Reported a 26.5% YoY rise in consolidated profit at Rs 12.4 crore for the quarter ended March 31, 2021. It had posted a profit of Rs 9.8 crore in the same quarter last year.

L&T Finance Holdings (LTFH): Down 1%. LTFH has reported a nearly 31% YoY dip in its net profit at Rs 267 crore for the quarter ended March 2021. It had reported a net profit of Rs 386 crore in the same quarter last year.

Shriram Transport Finance: Down 1.43%. The company has reported a 238.6% YoY rise in the consolidated profit at Rs 755 crore for the quarter ended March 31, 2021. It had reported a net profit of Rs 223 crore in the same quarter last year.

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