Stocks in Focus on April 13: Hariom Pipe, Anand Rathi Wealth, Infosys, Fertilizer Stocks, MGL and many more

The domestic equity barometers ended with steep losses on Tuesday, April 12, 2022, amid mixed global cues. Investors were also cautious as the Q4 result season kicked off in India. The S&P BSE Sensex shed 388.20 points or 0.66% to 58,576.37. The Nifty 50 index dropped 144.65 points or 0.82% to 17,530.30. The NSE's India VIX, a gauge of markets' expectation of volatility over the near term, fell 0.61% to 18.16. But certain stocks came in the news after the market was closed. These stocks can impact the indices when it reopens on Tuesday, April 12, 2022. List of such Stocks:

Listing + Q4FY22 Results 

Hariom Pipe Industries Listing: Hariom Pipe Industries will debut on stock markets today. The Rs 130.50-crore Initial Public Offering (IPO) which was offered in a price range of Rs 144-153 per share was subscribed 7.93 times on the final day of bidding.

Anand Rathi Wealth Q4FY22 Results: The financial services provider in India on Tuesday reported a 239% YoY rise in the consolidated profit at Rs 34.6 crore for the quarter ended March 31, 2022. It had posted a profit of Rs 10.2 crore in the corresponding quarter of the last financial year. The company's revenue from operations rose 60.2% YoY to Rs 112.5 crore as against Rs 70.2 crore posted last year. EBITDA grew 215.9% YoY to Rs 45.8 crore as against Rs 14.5 crore posted last year. Margins improved to 40.7% in Q4FY22 against 20.7% posted in Q4FY21. Besides, the company has declared a dividend of Rs 6 per share. 

See Zee Business Live TV Streaming Below:

Infosys: The IT giant will release its financial results for the quarter and the financial year ended on March 31, 2022.

Events

Cabinet &CCEA Meet: Scheduled to meet at 11 am today. 
BLS International: Board Meeting on issuing bonus shares     
Securities shortlisted in ASM: TCI Developers, Cantabil Retail India 
Securities shortlisted in Short Term ASM: Adani Green Energy, Monarch Networth Capital 
Change in Price band: From 20% to 10%: Shiva Cement ltd, JayKay Enterprises ltd 

Stocks in News 

Fertilizer Stocks: (Zee Business Exclusive). The Cabinet Committee on Economic Affairs (CCEA) may fix the fertilizer rates for FY23 at its meeting today, sources aware of the development informed Zee Business. It would also have a discussion on subsidy on fertilizer products and may increase subsidy on 25 products. Government has plans to increase subsidies in the NBS category and would increase subsidies on NBS products by 30%.

MGL: Mahanagar Gas Limited (MGL) has hiked the price of CNG and PNG by Rs 5 per kg to Rs 72 per kg and Rs 4.50 per SCM to Rs 45,50 per SCM, respectively. The city gas utility cited the massive rise in input prices for the hike. 

Thermax:  Thermax has concluded an order of Rs 522 crore for utility boilers and associated systems for a grass root refinery and petrochemical complex in Rajasthan, India. The order includes two units of 260 TPH high-pressure utility boilers along with allied auxiliaries to be designed and manufactured by Thermax Babcock & Wilcox Energy Solutions (TBWES), a wholly-owned subsidiary of Thermax. The package will be a part of the customer’s Captive Power Plant (CPP) and will facilitate their steam and power requirements. The project is slated to be completed within 16 months on a lumpsum turnkey (LSTK) basis.

ICICI Bank: The Board of the Bank will meet on April 23, 2022, to consider fundraising by way of issuance of debt securities including non-convertible debentures/bonds/notes/offshore certificate of deposits in single/multiple tranches in any currency through public/private placement'. It will also declare its Q4FY22 & FY22 financial results on the same day.

Union Bank / IOB / Bank of Baroda: Union Bank of India (UBI), reportedly, will buy out a 75% stake held jointly by Bank of Baroda (BoB) and Indian Overseas Bank (IOB) in India International Bank Malaysia for Rs 180 crore making it a 100% UBI unit.

Simplex Infrastructures: The Board of Directors of the company on Tuesday approved the raising of funds upto Rs 421.8 crore by issuing and allotting the securities of the company to Swan Constructions Private Limited, which is not a promoter, by the way of preferential issues. The company will issue 5.75 crore equity shares at Rs 56.61 per share and 1.70 crore warrants at a price of Rs 56.61 each.  

Rites Ltd / Tata Steel: RITES Limited, a leading transport infrastructure consultancy and engineering company, on Tuesday entered into a memorandum of understanding (MoU) with Tata Steel Limited to synergise their expertise. RITES and Tata Steel would collaborate to offer services in the areas of railway rolling stock exports and enhance infrastructural capabilities for buildings, airports, urban engineering, and information technology.

TVS Motor: Swiss E-Mobility Group (Holding) AG (“SEMG”), a subsidiary of the Company has acquired 100% in Alexand’Ro Edouard’O Passion Vélo Sàrl (“Passion Vélo”), primarily engaged in the sale of e-bikes as well as e-bike accessories across a range of premium e-bike brands such as TREK, Riese & Muller, Cannondale, Moustache and others. Consequent to the above, Passion Vélo has become a subsidiary of the Company. The acquisition was made at Rs 22.8 crore (CHF 2.79 million).

Tata Motors / M&M / TVS / Hero MotoCorp: Union Minister Nitin Gadkari has said that 10 lakh EVs (electric vehicles) have been registered to date and expects that 60 lakh more EVs will be registered in the next two years. 

Vedanta: Vedanta chairman Anil Agarwal on Tuesday said that the company in partnership with Foxconn will set up a semiconductor manufacturing plant in the next two years. The Indian conglomerate had already entered into a pact with electronics manufacturing giant Foxconn to form a joint venture (JV) for manufacturing semiconductors in India.