The benchmark indices ended with robust gains on Friday, April 1, 2022, supported by strength in banks, financial services and auto stocks.
The benchmark indices ended with robust gains on Friday, April 1, 2022, supported by strength in banks, financial services and auto stocks. The barometer index, S&P BSE Sensex soared 708.18 points or 1.21% at 59,276.69. The Nifty 50 index surged 205.70 points or 1.18% at 17,670.45. But certain stocks came in the news after the market was closed. These stocks can impact the indices when it reopens on Monday, April 4, 2022. List of such Stocks:
Hariom Pipe Industries IPO: The Rs 130.05-crore initial public offering (IPO) of Hariom Pipe Industries closed with 1.88 times subscription on April 1, 2022, the third day of bidding. The portion set aside for qualified institutional buyers (QIBs) was subscribed 0.44 times and that of non-institutional investors was 0.33 times. The retail individual investors (RIIs) portion was subscribed 4.66 times. The issue will close on April 5, 2022. The price band for the 85 lakhs share issue has been fixed at Rs 144-153 per share. Investors can bid for a minimum of 98 shares and in multiples of 98 shares thereafter.
March Auto Sales Number
TVS Motor Company: TVS Motor Company registers sales of 3,07,954 units in March 2022 as against sales of 3,22,643 units in March 2021. Total two-wheelers registered sales of 2,92,918 units in March 2022 as against sales of 3,07,397 units in March 2021. On a month-on-month basis, the total sales grew 9.3% to 3,07,954 units in March 2022 as against 2,81,714 units in February 2022. Two-wheelers sales grew 9.5% (MoM) to 2,92,918 units in March 2022 as against 2,67,625 units in February 2022. The shortage in supply of semiconductors has impacted the production and sales of premium two-wheelers. The company is cautiously optimistic that the supply of semiconductors will improve in the coming months.
Hero MotoCorp: The world’s largest manufacturer of motorcycles and scooters, sold 4,50,154 units in March 2022 as against 3,58,254 units sold in February 2022. The company’s export grew 28.4% MoM to 34,390 units as against 26,792 units sold in February 2022. On a year-on-year basis, total sales fell from 5,76,957 units in March 2021 to 4,50,154 units. The export increased YoY from 32,617 units sold last year to 34,390 units.
Business Update Q4FY22
HDFC: Gross income from the dividend for the quarter ended March 31, 2022, grew 15.3% YoY to Rs 128 crore in Q4FY22 as against Rs 111 crore posted in Q4FY21. The company has approved retail home loans worth Rs 8,367 crore in the reported quarter, up 11.5% YoY as against Rs 7,503 crore. The Corporation also assigned Rs 1,500 crore of standard, non-individual loans during the quarter ended March 31, 2022.
Read More: Tata Group’s super app ‘Neu’ arriving on April 7 to take on Amazon, others
HDFC Bank: Private lender HDFC Bank in the update of its operational performance during the quarter ended March 31, 2022, said that it clocked 8.6% sequential and 20.9% YoY growth in advances in the March quarter to reach Rs 13,69,000 crore. Its retail loans grew by around 15% YoY and around 5% sequentially. Commercial and rural banking loans increased 30.5% YoY and 10% QoQ. Corporate and other wholesale loans grew by around 17.5% YoY and 11.5% QoQ. Total Deposit stood at Rs 15,59,000 crore as of March 31, 2022, up 16.8% YoY and 7.8% QoQ. Total CASA deposits stand at Rs 7,51,000 crore as of March 31, 2022, up 22% YoY and 10.2% QoQ. CASA ratio stood at 48% v/s 46.1% YoY and 47.1% QoQ. The company added 563 branches during the current quarter, total Branches of 6,342.
Dhanlaxmi Bank: Private lender’s total CASA deposits aggregating to Rs 4,251 crore, up 8.78% YoY, and 6.06% QoQ. CASA ratio stood at 34.30 % v/s 33.37% YoY and 33.12% QoQ. Total Deposits grew to Rs 12,393 crore, up 5.81% YoY and 2.41% QoQ. Total Gross Advances stood at Rs 8,446 crore as of March 31, 2022, up 18.59% YoY and 11.84% QoQ. Total Business stood at Rs 20,839 crore up 7.34% YoY and 5.74% QoQ.
Dmart: Standalone revenue stood at Rs 8,606.09 crore, up 17.84% as against Rs 7,303.13 crore. As of March 31, 2022, the company had 284 stores.
CSB Bank: The bank’s Total Deposits were at Rs 20188.30 crores as of March 31, 2022, up 5.47% YoY, 5.94% QoQ. Gross Advances increased 9.10% YoY and 7.9% QoQ to Rs. 15998.02 crore as of March 31, 2022.
NMDC: The country’s largest iron ore producer NMDC Ltd reported that its production stood at 4.98 MT in March 2022, up 9% YoY from 4.57 MT posted in March 2021. Sales grew by 3.2% YoY in March 2022 to 4.21 MT against 4.08 MT sold in March 2021.
Bharat Dynamics: BDL recorded a turnover of Rs 2700 Crore approx. (provisional and unaudited) for the financial year ended on March 31, 2022, the corresponding figure for the previous year was Rs 1913.76 crore.
RCF: The Company has achieved the highest ever Industrial Products Division (IPD) Sales Turnover of approx. Rs 2,424.70 crore during the year 2021-22 as against Rs 1,133.89 crores in the previous year registering a growth of 114%.
MOIL: MOIL records best-ever high-grade production and sales of manganese ore in FY22. The total turnover of the company has been Rs 1,436 crore in FY 2021-22 (provisional) registering a growth of 22% in comparison to the previous year’s turnover of Rs 1177 crore and is marginally lower than the highest-ever achievement of Rs. 1441 crores in FY 2018-19. MOIL has achieved production of 12.31 lakh MT in FY 2021-22 as against 11.43 lakh MT last year, an increase of ~ 8%. Total sales have increased by ~ 6% to 12.12 lakh MT as against 11.43 lakh MT during these periods.
Maruti Suzuki India: Total production fell 3.6% MoM to 1.63 lakh units in March 2022 from 1.69 lakh units produced in February 2022. On a year-on-year basis, total production fell to 1,63,392 units in March 2022 from 1,72,433 units sold in March 2021. The company will sell around 4 to 6 lakh CNG vehicles this year.
Garden Reach Shipbuilders: One of the leading warship builders in the country has recorded the highest ever turnover of Rs 1750 Crore (Provisional & Unaudited) for FY 2021-22, reflecting YoY growth of 53%.
JTL Infra: The company registered the highest sales volume ever of 44,158 metric tonnes in Q4FY22. The volume increased by 27.3% QoQ and 14.1% YoY. Domestic contributed 92% of volume and export contributed 8% of volume.
PTC India Ltd.: PTC clocked a record volume of Rs 87,450 Million Units of energy during the FY 2021-22.
Tata Power + NTPC + CESC + IEX: (Negative for Power Companies). Central Electricity Regulatory Commission (CERC) has capped the maximum power unit price at Rs 12 from the earlier limit of Rs 20. The commission said that buy bids on power exchanges were more than double the sell bids, indicating higher demand and lower supply.
Dr. Reddy’s: Dr. Reddy’s Laboratories Limited has agreed with Novartis AG to acquire the cardiovascular brand Cidmus in India. Under the agreement, Dr. Reddy’s will be assigned and transferred the Cidmus trademark in India from Novartis AG for a consideration of USD 6.1 crore (Rs 450 crore). As per IQVIA MAT, Cidmus saw sales of Rs 136.4 crore in India for the most recent twelve months ending in February 2022.
Read More: SEBI extends pooling of accounts timeline to July 1 on Mutual Fund industry request
ACRYSIL ‘Acrysil Limited’, through its WOS Acrysil UK Ltd, announced the acquisition of ‘Tickford Orange Limited’ & its wholly-owned subsidiary ‘Sylmar Technology Limited’, based in the UK for Rs 110 crore. STL is a manufacturer, distributor and customizer of high-quality solid surface products for kitchens and bathrooms, for both domestic and commercial purposes for markets across the United Kingdom.
PVR: The company has discontinued operations of 23 screens across 9 properties on the expiry of their lease with Cineline India Limited. As of date, PVR operates a cinema circuit comprising 848 screens at 172 properties in 73 cities (India and Sri Lanka).
Hindalco / Vedanta / NALCO: The London Metal Exchange (LME) has been stopped selling Russian base metals on the exchange. It has banned the sale of aluminium from Rusal and the copper of Norilsk. Rusal is the world’s second-largest aluminium producer.
Jindal Stainless / Tata Steel BSL: Government can make changes in the Specialty Steel PLI Scheme and add some new grades and products to the scheme, sources informed Zee Business. In addition, the government has extended the application deadline for the PLI scheme. The companies will be able to apply for the scheme worth Rs 6,322 crore till April 30, 2022.
IGL: Indraprastha Gas Ltd (IGL) on Friday increased domestic PNG price by Rs 5.85/SCM, up by 16.5%, to partially cover the hike in input gas cost. Earlier on March 24, 2022, the PNG price was increased by Rs 1/SCM. Meanwhile, the CNG prices in the national capital have also been hiked by 80 paise per kg. CNG Price now stands at Rs 60.81 per kg from Rs 60.01 per kg.
