Stocks in Focus on October 6: Likhita Infrastructure, Tata Motors, HDFC, HDFC Bank, Sobha Limited; here are the 5 Newsmakers of the Day

Continuing their uptrend for the third consecutive session, the key domestic indices ended with stellar gains on Monday, October 5, 2020. The S&P BSE Sensex jumped 276.65 points or 0.71% at 38,973.70. The Nifty 50 index rallied 86.40 points or 0.76% at 11,503.35. The 50-unit index has risen 2.50% in three sessions. But certain stocks came in news after the market was closed. These stocks can impact the indices when it reopens on Tuesday, October 6, 2020. List of such five stocks: 

Likhita Infrastructure IPO Update: The Rs 61.20 crore initial public offer of Likhita Infrastructure was subscribed 9.4 times on the fourth day of subscription on Monday. The qualified institutional buyer (QIB) quota was subscribed 0.45 times, while the portion set aside for non-institutional investors (NIIs) saw 5.44 times subscription. The retail portion was subscribed 23.9 times. The price band for the issue has been changed from Rs 117-120 to Rs 116-120. The issue will close on October 7, 2020. 

Tata Motors: Jaguar Land Rover on Monday said that its retail sales for the quarter ended September 30, 2020, improved by almost 50% from 74,067 units posted in June quarter to 1,13,569 units, while it dropped 11.9% on a year-on-year basis. Jaguar sales dropped by 26.7% on a year-on-year basis, while Land Rover sales dropped by 5.9%. 

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CreditAccess Grameen: The Capital Raise Committee of the Board of CreditAccess Grameen at its authorized the opening of the QIP issue on October 5, 2020, with a floor price of Rs 707.69 per share. The floor price of Rs 707.69 per share has been kept at a discount of 5.6% to the current market price of Rs 750 per share. The Committee will approve the issue price at its meeting scheduled to be held on 08 October 2020. 

HDFC Ltd/ HDFC Bank / IndusInd Bank: Q2FY21 update.  

HDFC Ltd: Housing Development Finance Corporation Ltd (HDFC) on Monday the individual loan business has continued to see a sequential month-on-month improvement in the period July to September 2020. The number of loan applications received during the period grew by 12% over the corresponding quarter of the previous year. During the quarter ended September 30, 2020, individual loan approvals grew by 9% compared to the corresponding quarter of the previous year. For the quarter ended September 30, 2020, individual loan disbursements were at 95% of the level in the corresponding quarter of the previous year. During the quarter ended September 30, 2020, the Corporation assigned loans amounting to Rs 3,026 crore compared to Rs 7, 160 crores in the corresponding quarter of the previous year. Gross income from the dividend for the quarter ended September 30, 2020, was Rs 320 crore as against Rs 1,070 crore. It said that on a monthly basis, the month of September 2020 has seen the strongest recovery since the outbreak of the pandemic and the levels have exceeded the levels in the corresponding month of the previous year. It said that on a yearly basis, it has disbursed 11% more loans in September and sanctioned 31% more loans in the same month.
 
HDFC Bank: The private lender on Monday said the bank’s advances grew by 16% at Rs 10.37 lakh crore as of September 30, 2020, compared to Rs 8,970 lakh crore posted in the same period last year. Its deposits grew by around 20% to Rs 12.29 lakh crore as of September 30, 2020, as compared to Rs Rs 10.21 lakh crore in the same period last year.
 
IndusInd Bank: The private lender on Monday said that its advances grew by 2% to Rs 2 lakh crore as of September 30, 2020, as compared to Rs 1.97 lakh crore in the same period last year. Its deposits grew by 10% to Rs 2.28 lakh crore in September 30, 2020, against Rs 2.07 lakh crore posted last year in the same period. 

Sobha Limited: The construction company on Monday reported its quarterly update and said total sales dropped by 14% on a year-on-year basis at 8,91,700 square feet in the quarter ended September 30, 2020. Its sales stood at Rs 690 crore. Average realization grew by 17.5% to Rs 7,737 square feet, which is highest in last five quarters.