Stocks in Focus on April 11: Tata Motors, Coal India, Ruchi Soya, Sugar Stocks, AMCs and many more

The equity benchmarks snapped their three-day losing streak and settle with strong gains on Friday, April 8, 2022. Positive global cues also supported buying. The barometer index, S&P BSE Sensex added 412.23 points or 0.7% at 59,447.18. The Nifty 50 index gained 144.8 points or 0.82% at 17,784.35. The 50-unit index fell 2.3% in the past three sessions. But certain stocks came in the news after the market was closed. These stocks can impact the indices when it reopens on Monday, April 11, 2022. List of such Stocks:

Tata Motors: Jaguar Land Rover retail sales for the three-month period to March 31, 2022, continued to be constrained by the global semiconductor shortage. Retail sales for the quarter ending March 31, 2022, were 79,008 vehicles, up 36% YoY from 44,475 units reported in the quarter a year ago ending March 31, 2021. Wholesale volumes were 76,526 units, up 11% QoQ. As of March 31, 2022, the total order book has grown to over 1,68,000 units, up around 14,000 orders from December 31, 2021. Demand for the New Range Rover and New Defender is particularly strong with over 45,500 and 40,000 orders respectively. Retail sales of JLR were down by 18% in China.

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Coal India: The Union Cabinet on Friday approved a proposal to offer a one time, three-month window to central and state-owned enterprises to surrender their idle coal mines without penalty. The PSUs will be able to surrender the mines without forfeiting bank guarantees.

Ruchi Soya Industries Ltd: The Board of Directors of Ruchi Soya Industries Limited on Sunday accorded its in-principle approval for evaluating the most efficient mode of enhancing synergies with the PAL food portfolio in any manner on an arm’s length basis. Besides, the company has repaid Rs 2,925 crore loans to banks and has become a debt-free company.

Sugar Stocks: Stocks of sugar companies will be in focus today as Food Secretary Sudhanshu Pandey on Friday said that India’s sugar exports are expected to cross 80 lakh tonnes in the ongoing 2021-22 marketing year ending September, surpassing the previous year’s level.

AMCs In Focus:   SEBI is preparing to have a comprehensive review of the existing rules of mutual funds. For this purpose, the market regulator has set up a working group to determine the roles, eligibility for Sponsorship of Mutual Funds and qualifications among others. The working group will give recommendations on whether new mutual funds can come in to increase the competition. The working group will also review the rules of mutual fund trustees.

BSE / MCX / CDSL: In a step to resolve disputes between investors and listed companies, the exchanges will have to put in place standard operating procedures from June 1, 2022. This will help in resolving dividend and share transfer related complaints of the investors. At the same time, the complaints related to DEMAT, bonus shares etc. will also be settled.

SEAMEC: The Company along with consortium partner M/s. Posh India Offshore Private Limited has entered into an understanding with M/s. Larsen & Toubro Limited for diving-related and other associated work through deployment of our Vessel "SEAMEC PRINCESS" for ONGC work of Pipeline Replacement Project VII (PRP-VII RTR). The total combined value of the contract to the consortium is USD 10.1 crore.

SMS Lifesciences India Ltd: The United States Food and Drug Administration (USFDA) has completed its inspection at the company's API's manufacturing facility located at Kazipally, Telangana (Unit I), without any observations. The inspection commenced on April 4, 2022, and concluded on April 8, 2022.

RITES: The leading Transport Infrastructure Consultancy and Engineering company has entered into a Memorandum of Understanding (MoU) with the Indian Institute of Technology, Delhi, (IIT-Delhi), to explore avenues of mutual collaboration on road design and road safety consultancy projects.

Sandur Manganese & Iron Ores Ltd: The Board of Directors of the company on Sunday approved the issuance of equity shares of 1.80 crore shares of Rs 10 each of the Company on a rights basis to eligible equity shareholders of the Company as on the record date (to be notified later). The company has plans to raise up to Rs 18 crore from this rights issue. Rights Entitlement ratio: 2 new equity shares for every 1 equity share held by eligible shareholders as on the record date. The company has also signed a Power Purchase Agreement and Share Subscription and Share Holding Agreement with Renew Green Energy Solutions Private Limited (‘ReNew’) for the supply of solar and wind power to the Company and its associates, as per the terms and conditions as laid down under the respective Agreements and as may be mutually agreed by both the parties and approved the investment to be made in equity shares in the SPV Company. In addition, the board has also approved the proposal of incorporation of a wholly-owned subsidiary company under the name and style of “Sandur Pellets Private Limited” subject to necessary approvals. Dolly Khanna bought a 1.53% stake in Q4FY22. 

Vodafone Idea: The telecom company, reportedly, is in talks with PE company Apollo Global to raise as much as $1 billion by selling a mix of debt and equity. 

Tata Power: Saudi Arabia’s Public Investment Fund (PIF), reportedly, may buy stakes in the company's power transmission and distribution business

Time Technoplast Ltd: The Board of Directors of the company has approved the restructuring of overseas business to capture the growth in Asian Countries, the Middle East and the USA through a Joint Venture/Special Purpose Vehicle by onboarding strategic partner/investor partner by way of sale/transfer/disposal of part of assets/investments of subsidiaries/material subsidiaries/step down subsidiaries. Besides, the board also approved the appointment of Bharat Kumar Vageria as a Managing Director and Vishal Anil Jain as a Non-Executive Director.

Camlin Fine Sciences: The company is taking a planned annual maintenance activity of its plant situated at Dahej SEZ ‐II, Bharuch, Gujarat. Because of the same, the said plant shall be under maintenance shutdown from April 10, 2022, to May 10, 2022. The restart activity shall commence on May 11, 2022.

Torrent Pharma / JB Chemicals: Torrent Pharmaceuticals and KKR-controlled JB Chemicals are among the final contenders to acquire Chennai-based Curatio Healthcare. Dr Reddy's Laboratories is also expected to be on the list of buyers. The deal size is estimated to be at Rs 2,500 crore. 

Bulk Deals 

HDFC Bank: LIC offloaded its entire 2.63% stakes of the company in Q4FY22. 

Blue Dart Express Ltd: LIC offloaded 1.04% stakes of the company in Q4FY22. 

Avanti Feeds: Mutual Funds increase stake from 6.01% to 8.05% during Q4FY22.  

Asian Granito India Ltd: Individual investors Atul Kumar J Shah (1.68%), and Dishant Milanbhai Parikh (2.46%) sold their entire stake in Q4FY22. 

Escorts: Rakesh Jhunjhunwala sold his entire stake (5.8%) in the company in March 2022. Institution holding came down from 24.3% to 4.04% 

Bandhan Bank: HDFC on April 8, 2022, offloaded 3.1% stakes (4.96 crore shares) of the company. Societe Generale bought 1.18% stakes (1.90 crore shares) of the bank. Besides, HDFC has sold 4.94% stakes of the company between January 19, 2022, to April 8, 2022, for Rs 2,460 crore. With this, HDFC's stake has been reduced from 9.89% to 4.95% in the private sector lender.

Care Rating: Phaeacian Accent International Value Fund sold 3.73 lakh shares at Rs 540.21/Share. Multi Fund 10 Umbrella ICAV - Kinsale Navigator Fund sold 2.99 lakh shares at Rs 540.21/Share.

Uma Exports: Purple Entertainment sold 2.07 lakh shares at Rs 83.75/Share.

Gati Ltd.: Bunny Investments And Finance Private Limited sold 0.0081% stakes (10,000 shares) on March 8, 2022, in the open market. With this, the company's stakes in Gati Ltd have reduced from 0.0407% to 0.0325%.  

Ajanta Soya: Dolly Khanna increased stakes in the company by 0.35% in Q4FY22.