SpiceJet: This airline operator’s grip on domestic passenger air traffic is loosening, which could benefit its listed rival. In September 2021, domestic airlines carried over 70 lakh passengers, 90% of pre-second wave levels. However, SpiceJet’s September passenger traffic recovered to just 60% of pre-second wave levels. Meanwhile, IndiGo’s (operated by InterGlobe Aviation) recovery was 95% of pre-second wave levels. SpiceJet’s market share in the domestic passenger airline market dropped to 8.5% in September from 12.8% in March, the seventh consecutive month of market share decline.

Tatva Chintan Pharma Chem: This newly listed specialty chemical maker’s stock rallied after its Q2 results. Its Q2 revenue doubled YoY to Rs 123 crore with a nine-fold increase in net profits to Rs 32.4 crore. In one week, the stock’s price gained nearly 24%. On October 27 during the peak of the price rise, it was trading with volumes seven times the average volumes since listing on July 29. The stock is now trading at twice the IPO issue price of Rs 1,083 per share and 12.5% higher than its listing price of Rs 2,603 per share.

Oberoi Realty: This realty company’s stock is down by nearly 10% in two weeks as the realty market’s momentum moderates. Earlier in October, the company announced a YoY doubling of its Q2FY22 sales bookings to Rs 828.5 crore due to recovering housing demand. This pushed its stock to Rs 970 levels, which was 15% higher than the average brokerage target price of Rs 840. The real estate company will announce its Q2 results on October 29.

Century Plyboards: This plyboards maker’s stock is up by nearly 45% in two months, but the momentum looks to be running out. In one week the stock price is down by 3% ahead of its Q2 earnings reveal on November 2. Momentum indicators suggest the stock is overbought, as its relative strength index (RSI) is at 76 (an RSI over 70 is overbought) and money flow index (MFI) at 72 (an MFI of over 70 is overbought). The stock is trading well above all its exponential and simple moving averages with over delivery volumes of over 60% of total traded volume this week.

Nestle India: This FMCG company’s stock dipped after the announcement of its Q2 results. Net profits rose by 5.2% YoY to Rs 617 crore despite high cost of raw materials (oil and packaging materials) causing a dent in its operational performance. The company reported a 9.6% YoY growth in sales revenue. Brokerages — Edelweiss and Geojit BNP Paribas — maintained a ‘Buy’ rating on the stock expecting an increase in sales volumes. They also expect higher demand for the company’s products in the outdoor food and beverage industry due to a decrease in the intensity of the pandemic.