At the stock markets, erasing its early modest gains, the S&P BSE Sensex ended 112.16 points, or 0.19%, lower, at 60,433.45 on Tuesday, November 9, 2021.
At the stock markets, erasing its early modest gains, the S&P BSE Sensex ended 112.16 points, or 0.19%, lower, at 60,433.45 on Tuesday, November 9, 2021. The Nifty 50 at the National Stock Exchange shed 24.30 points, or 0.13%, to 18,044.25. But certain stocks came in the news after the market was closed. These stocks can impact the indices when it reopens on on Wednesday, November 10, 2021. List of such five stocks:
IPO Update: Paytm IPO + Sapphire Foods IPO + Latent View Analytics IPO + Nykaa Listings
Paytm IPO: The initial public offering (IPO) of One 97 Communications Limited, the parent company of India’s leading digital financial services company, Paytm, was subscribed 0.48 times on Tuesday, the second day of subscription. The Qualified Institutional Buyers (QIBs) portion of the public issue was subscribed 0.46 times, while the Non Institutional Investors (NIIs) and Retail Individual Investors (RIIs) portions were subscribed 0.05 times and 1.23 times, respectively. The issue will come to a close on Wednesday, November 11, 2021. The company has fixed the price band at Rs 2,080-2,150 per share for the offer as it seeks to raise around Rs 18,300 crore from the issue. The bid lot size is 6 Equity Shares and in multiples thereof.
Sapphire Foods IPO: The initial public offering (IPO) of Sapphire Foods India Limited, a franchise operator of KFC and Pizza Hut restaurants, was subscribed 0.49 times on Tuesday, the first day of subscription. The Qualified Institutional Buyers (QIBs) portion was subscribed 0.02 times, while the Non Institutional Investors (NIIs) and Retail Individual Investors (RIIs) were subscribed 0.05 times and 2.56 times, respectively. Sapphire Foods has fixed the price band of the issue at Rs 1,120-1,180 per share as it seeks to raise up to Rs 2,073.25 crore through the issue. The issue will close on Thursday, November 11, 2021. Investors can bid for a minimum of 12 equity shares and in multiples of 12 shares thereafter. The maximum subscription amount for a retail investor is Rs 2 lakhs.
Latent View Analytics Limited IPO: The initial public offering (IPO) of the data analytics company Latent View will open for subscription today, i.e., Wednesday, November 10, 2021. The company has fixed the price band at Rs 190-197 per share as it seeks to raise Rs 600 crore from the initial share sale. The issue will come to a close on November 12, 2021. The bid lot size for the retail investors is 76 equity shares and in multiples thereafter, maximum up to 2 lakhs. The public issue comprises a fresh issue of up to Rs 474 crore and an Offer for Sale of up to Rs 126 crore. Besides, the company has mopped up Rs 267 crore from anchor investors, ahead of its IPO opening. The marquee investors who participated in the anchor book were Abu Dhabi Investment (7.5%), Aditya Birla (6.7%), Ashoka (6.7%), Axis Fund (6.8%), ICICI Pru (6.8%), SBI Life (6.8%) and Kotak Fund (6.8%) among others.
Nykaa: The shares of FSN E-Commerce Ventures Ltd, the parent company of the online beauty e-commerce platform Nykaa, will debuted on the stock markets, NSE & BSE, today. The Rs 2,786.26 crore initial public offering (IPO) of the company closed with 5.25 times subscription. The Rs 5,352 crore IPO was subscribed 81.78 times. The Qualified Institutional Buyers(QIBs) portion was subscribed 91.18 times, while the Non-Institutional Investors (NIIs) and Retail Individual Investors(RIIs) portions were subscribed 112 times and 12.24 times. The company has fixed a price band of Rs 1,085-1,125 per share for the public offering.
POST MARKET RESULTS
Power Grid: State-run Power Grid Corporation on Tuesday reported a 7.09% YoY rise in the standalone profit at Rs 3,338 crore for the quarter ended September 30, 2021, as against a profit of Rs 3,117 crore posted in the year-ago quarter. Its revenue from operation on standalone basis rose 9.6% to Rs 9,929 crore as against Rs 9,058 crore posted last year. EBITDA grew by 10.21% at Rs 8.785 crore in the period under consideration as against Rs 7,971 crore posted last year. Margins grew marginally to 88.5% in Q2FY22 from 88% posted in Q2FY21.
– Transmission revenue at Rs 9,698 crore, up 7.3%
– Telecom revenue at Rs 191 crore, up 0.4%
– Consultancy revenue at Rs 188 crore, up 73%
Indraprastha Gas: Natural gas distribution company Indraprastha Gas Limited on Tuesday reported a 63.9% QoQ rise in the standalone profit at Rs 400.5 crore for the quarter ended September 30, 2021, as against a profit of Rs 244.3 crore posted in the previous quarter ended June 30, 2021. Revenue from operation grew 60.3% QoQ to Rs 2,016 crore as against Rs 1,257.4 crore posted in the June 2021 quarter. EBITDA rose by 39.2% to Rs 530.2 crore as against Rs 380.9 crore posted in the previous quarter. Margins contracted to 26.3% in Q2FY22 from 30.3% posted in Q1FY22.
– PNG Volumes Up 22% to 178.1 mnscm v/s 146.47 mnscm YoY
– CNG Volumes Up 36% to 487.59 mnscm v/s 359.28 mnscm YoY
BHEL: State-run engineering and manufacturing enterprise BHEL on Tuesday reported a narrowing of its losses on standalone basis at Rs 67.5 crore for the quarter ended September 30, 2021, as against a net loss of Rs 556 crore in the year-ago quarter. Its revenue from operations grew 38.3% to Rs 5,112 crore in the period under consideration as against Rs 3,695 crore posted last year. It incurred an EBITDA loss of Rs 29.2 crore in the September 2021 quarter as against an EBIDTA loss of Rs 632.5 crore posted in September 2020 quarter.
– 7th straight quarter of EBITDA Loss and Overall Loss
– Rise in expenses, lower other income dents performance
– Total order book stands at Rs 1.1 Lakh crore
– Power revenue at 3586 crore, up 44%
– Industry revenue at 1324.4 crore, up 39%
Petronet LNG: India’s biggest liquefied natural gas importer on Tuesday reported a 29.5% QoQ rise in the standalone profit at Rs 823 crore for the quarter ended September 30, 2021, as against a profit of Rs 635.7 crore it posted in the previous quarter ended June 20, 2021. Its revenue from operations grew 25.8% to Rs 10,813.1 crore as against Rs 8,597.9 crore posted in the previous quarter. EBITDA grew 23% to Rs 1,296.9 crore in the September 2021 quarter as against Rs 1,054.3 crore posted in June 2021 quarter. Its margin dropped slightly to 12% in Q2FY22 from 12.3% posted in Q1FY22. Besides, the board has recommended a special dividend of Rs 7 per share and fixed November 19, 2021, as the record date for the dividend.
Bosch: The engineering company on Tuesday reported a standalone profit of Rs 372 crore for the quarter ended September 30, 2021, as against a net loss of Rs 65 crore it incurred in the year-ago quarter. Its sales on standalone basis, grew 17.7% to Rs 2,918 crore as against Rs 2,479 crore posted last year. EBITDA grew 24% to Rs 358 crore in the September 2021 quarter as against Rs 288 crore posted in September 2020 quarter. Its margin improved to 12.2% in Q2FY22 from 11.6% posted in Q2FY21. The company has reported a 33.8% rise in the adjusted profit after taxes at Rs 372 crore against a profit of Rs 278 crore posted last year.
Amrutanjan Healthcare: The pharmaceutical company on Tuesday reported a 16% YoY decline in the consolidated profit at Rs 19.84 crore for the quarter ended September 30, 2021, as against a profit of Rs 23.54 crore it posted in the year-ago quarter. Its revenue from operations grew 20% YoY to Rs 110.38 crore as against Rs 92.11 crore posted last year. EBITDA fell by 19% to Rs 22.87 crore from Rs 28.26 crore posted last year. The margin contracted to 20.7% in Q2FY22 from 30.7% posted in Q2FY21. Besides, the company has declared an interim dividend of Rs 1 per share.
AstraZeneca Pharma: Drug firm AstraZeneca Pharma India on Tuesday reported a 54.6% YoY decline in its net profit to Rs 11.95 crore for the quarter ended September 30, 2021, as against a profit of Rs 26.4 crore posted in the year-ago quarter. Its revenue from operations dropped by 5.6% to Rs 197.7 crore as against Rs 209.5 crore posted last year. EBITDA dropped by 49.9% to Rs 17.9 crore in the reported quarter as against Rs 35.8 crore posted last year. The margins contracted to 9.1% in Q2FY22 as against 17.1% posted in Q2FY21.
CreditAccess Grameen: Kolkata: Microfinance company CreditAccess Grameen on Tuesday reported a 25% YoY drop in the consolidated net profit of Rs 59.7 crore for the quarter ended September 30, 2021, as against a profit of Rs 79.6 crore posted in the year-ago quarter as the lender went for higher provisioning to cover bad loans. Its net interest income (NII) grew by 11.5% to Rs 368.9 crore as against Rs 330.9 crore posted last year. Net interest margin (NIM) remained flat at 11.2%. CreditAccess Grameen’s gross NPA rose to 7.67% against 7.56% reported in the previous quarter ended June 30, 2021. GLP grew by 19.2% YoY from Rs 11,183 crore to Rs 13,333 crore. Disbursements grew by 136.0% YoY from Rs 1,648 crore to Rs 3,890 crore. Sep-21 Collection Efficiency further improved to 93.3% (excl. arrears)/99% (incl. arrears) for CA Grameen and 87% (excl. arrears)/90% (incl. arrears) for MMFL.
Godrej Agrovet Ltd: Agribusiness company has reported a 3% YoY decline in the consolidated profit at Rs 112 crore for the quarter ended September 30, 2021, as against a profit of Rs 116 crore posted in the year-ago quarter. Sales grew by 24.9% to Rs 2,154 crore as against Rs 1,724 crore posted last year. The EBITDA fell 28% to Rs 190 crore as against Rs 264 crore posted in September 2020 quarter. Its margin contracted to 8.8% in Q2FY22 from 15% posted in Q2FY21.
HEG Ltd.: The manufacturer and exporter of graphite electrodes on Tuesday reported a standalone profit of Rs 113 crore for the quarter ended September 30, 2021, as against a net loss of Rs 33.91 crore it posted in the year-ago quarter. Its revenue from operations grew by 60% to Rs 517.56 crore from Rs 322.88 crore posted last year. EBITDA profit stood at Rs 141.93 crore in the reported quarter against an EBITDA loss of Rs 41.87 crore posted last year. It reported an positive margin of 27.4% in Q2FY22 as against a negative margin of 13% posted in Q2FY21.
Hindustan Copper: The state-owned mining company has reported 655.5% YoY rise in the consolidated profit at Rs 68 crore for the quarter ended September 30, 2021, as against a profit of Rs 9 crore it posted in the year-ago quarter. Its sales grew by 57% to Rs 464 crore as against Rs 295 crore posted last year. EBITDA grew 40.7% to Rs 107 crore against Rs 76 crore. The margin dropped to 23% in Q2FY22 from 25.7% reported in Q2FY21.
Manali Petrochemical: The petrochemical company has reported a 464% YoY rise in the consolidated profit at Rs 117.3 crore for the quarter ended September 30, 2021, as against a profit of Rs 20.8 crore it posted in the year-ago quarter. Its revenue from operations grew by 101% to Rs 436 crore as against Rs 216.7 crore posted last year. EBITDA grew 326.5% to Rs 158.9 crore against Rs 37.3 crore. The margin improved to 36.5% in Q2FY22 from 17.2% reported in Q2FY21.
Mangalore Chemicals & Fertilizers: The chemical manufacturer has reported a 29% decline in the consolidated profit at Rs 29 crore for the quarter ended September 30, 2021, as against a profit of Rs 41 crore it posted in the year-ago quarter. Its sales grew by 5.6% to Rs 728 crore as against Rs 689 crore posted last year. EBITDA dropped by 25% to Rs 66 crore against Rs 88 crore. The margin contracted to 9% in Q2FY22 from 12.7% reported in Q2FY21.
Mishra Dhatu Nigam: The specialized metals and metal alloys manufacturer has reported a 4.3% YoY rise in the consolidated profit at Rs 33.9 crore for the quarter ended September 30, 2021, as against a profit of Rs 32.5 crore posted in the year-ago quarter. Its revenue from operations grew by 15.3% to Rs 188 crore as against Rs 163 crore posted last year. EBITDA increased by 5.8% to Rs 51.94 crore against Rs 49.08 crore. The margin contracted to 27.6% in Q2FY22 from 30.1% reported in Q2FY21.
OnMobile: The telecommunications company has reported a 83.5% YoY decline in the consolidated profit at Rs 2.7 crore for the quarter ended September 30, 2021, as against a profit of Rs 16.4 crore posted in the year-ago quarter. Its revenue from operations dropped by 1.27% to Rs 130.4 crore as against Rs 128.8 crore posted last year. EBITDA fell 37.1% to Rs 9 crore against Rs 14.3 crore posted last year. The margin contracted to 6.9% in Q2FY22 from 11.1% reported in Q2FY21. The comoany has incurred an exceptional loss of Rs 1.6 crore in the reported quarter against an exceptional profit of Rs 7.3 crore.
Indian Hotels: Tata Group’s hospitality firm Indian Hotels Co Ltd (IHCL) on Tuesday said it has fixed the rights issue price at Rs 150 per share to raise a total of Rs 1,982.10 crore from the eligible shareholders. Last month, the company’s board had given nod to raise Rs 4,000 crore, against Rs 3,000 crore approved earlier in August this year. After closure of the rights issue the company will raise Rs 2000 crore through QIP. The issue will open on November 24, 2021, and close on December 8, 2021, the filing said. Further, the rights entitlement ratio has been finalised at one equity share for every nine fully paid-up equity shares held by the eligible equity shareholders of the company, as on the record date of November 13, 2021, it added.
Prestige Estate: The real estate firm Prestige Group, reportedly, will develop a large warehousing portfolio, and has acquired multiple land parcels in around Bengaluru. Due to the increasing demand from e-online commerce companies, the company will now expand into warehousing.
Mazagon Dock Shipbuilders: The Mazagon Dock Shipbuilders Ltd. (MDL) on Tuesday delivered the fourth Scorpene Submarine of Project P-71 to the Indian Navy which will be commissioned as INS Vela,
Bulk Deal
S H Kelkar: Firmenich Aromatics Production India bought 1.41 crore equity shares in the company at Rs 172.94/share. Blackstone Capital Partners Singapore VI FDI Two Pte Ltd sold 1.4 crore equity shares at Rs 173/share.
