Stocks in Focus on April 22: Nestle India, Pharma Stocks, Hero MotoCorp, HDFC to KEC International; here are the 5 Newsmakers of the Day

Domestic equity barometers ended with modest losses after volatile trade on Tuesday, April 20, 2021. The S&P BSE Sensex fell 243.62 points or 0.51 per cent to 47,705.80. The Nifty 50 index lost 63.05 points or 0.44 per cent and closed at 14,296.40. But certain stocks came in the news after the market was closed. These stocks can impact the indices when it reopens on Thursday, April 22, 2021. List of such five stocks:

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Post Market Earnings: Nestle + ICICI Sec (Mention NAKK) + Philips Carbon + Tata Steel Long + Tata Steel BSL

Nestle India: FMCG major has reported a 14.6% YoY jump in profits at Rs 602.2 crore for the quarter ended March 31, 2021. It had posted a net profit of Rs 525.4 crore in the same quarter last year. Revenue grew by 8.6 per cent in January to March quarter to Rs 3,610.8 crore against Rs 3,325.3 crore in the year-ago period. EBITDA grew by 16.1% to Rs 929.8 crore in Q1CY21 as compared to Rs 800.6 crore posted last year. The margin advanced to 25.75% in Q1CY21 as compared to 24.1% posted in Q1CY20. Nestle takes its financial year between January and December and CY stands for the current year. Domestic sales grew by 10% to Rs 3,442 crore in Q1CY21 as compared to Rs 3,124.2 crore. The export sales were lower by 12.9% at Rs 158.2 crore against Rs 181.6 crore due to lesser exports to affiliates. Demand in the Out of Home channel further improved in the quarter but continues to be impacted by COVID. Besides, the board has declared an Interim Dividend of Rs 25 per equity share.

ICICI Securities (NAKK Stock): The capital market company has reported a 111% YoY jump in the consolidated profit at Rs 329.5 crore for the quarter ended March 31, 2021. It had posted a net profit of Rs 155.9 crore in the same quarter last year. It posted consolidated revenue of Rs 739.3 crore for the March 2021 quarter, a jump of 54% corresponding to the previous year quarter when revenue stood at Rs 480.4 crore. EBITDA stood at Rs 485.8 crore, up 93% as against Rs 251.5 crore posted last year. Its margin improved to 66% in Q4FY21 as against 52% reported in Q4FY20. Besides, the board has declared an interim dividend of Rs 13.5 per share. 

Phillips Carbon Black: Country’s largest carbon black producer has reported a 74.4% YoY jump in the consolidated profit of Rs 127.3 crore for the quarter ended March 31, 2021. It had reported a profit of Rs 73 crore in the same quarter of the previous financial year. Consolidated revenue grew 23.7% to Rs 866.3 crore in the reported quarter as compared to Rs 700.4 crore reported last year. EBITDA stood at Rs 186.1 crore, up 87.6% from Rs 99.2 crore posted last year. The margin improved to 21.5% in Q4FY21 against 14.1% reported in Q4FY20.

Tata Steel Long Products: The specialty steel producer has reported a consolidated net profit of Rs 340 crore during the fourth quarter of FY21 as against a loss of Rs 133 crore during the same period last year. Consolidated sales grew 53% to Rs 1,547 crore as compared to Rs 1,008 crore posted last year. EBITDA stood at Rs 498 crore up 266% from Rs 136 crore posted in the same quarter last year. Margins improved to 32% in Q4FY21 as against 13% posted in Q4FY20. Besides, the board has recommended an interim dividend of Rs 5 per share for FY21.

Tata Steel BSL: India’s largest manufacturer of auto-grade steel has reported 284.5 times YoY jump in consolidated profit at Rs 1,913.7 crore for the quarter ended March 31, 2021. It had posted a net profit of Rs 6.7 crore in the same quarter last year. The consolidated revenue grew 72.8% to Rs 7,321 crore in the reported quarter as compared to Rs 4,237.7 crore posted last year. EBITDA stood at Rs 2,569.5 crore, up 2.3 times, from Rs 770 crore posted last year. The margin improved to 35% in Q4FY21 as against 18.2% reported in Q4FY20. 

Pharma Focus - Remdesivir + Vaccine

Dr Reddy's/Cipla/Jubilant Pharmova: Amid the surge in COVID-19 cases in the country, the import of Remdesivir Active Pharmaceutical Ingredients (API), injections and specific inputs have been made import duty free till October 31, 2021. Commerce Ministry has issued a notification in this regard. Meanwhile, the Serum Institute of India (SII) has fixed the price of the Covishield vaccine at Rs 600 per dose for private hospitals and Rs 400 per jab for state governments, the company said in a release.

Hero MotoCorp: In keeping with its commitment to the safety and welfare of its people, Hero MotoCorp has decided to proactively halt operations temporarily at all of its manufacturing facilities across the country, including its Global Parts Center (GPC), given the ongoing escalation in the spread of Covid-19 across the country. Each plant and GPC will remain shut for four days, in a staggered manner between April 22, 2021, and May 1, 2021 basis the local scenario. Besides, Hero MotoCorp and Gogoro Inc. have announced a strategic partnership to accelerate the shift to sustainable electric mobility in India. The companies will establish a battery swapping joint venture to bring Gogoro’s industry-leading battery swapping platform to India and will collaborate on electric vehicle development to bring Herobranded, powered by Gogoro Network vehicles to market.

IndiaBulls Housing Finance ltd/HDFC Ltd: Indiabulls Housing Finance (IBH) and Housing Development Finance Corporation (HDFC Ltd) have made a co-lending partnership to offer home loans to borrowers at competitive rates. The company will originate retail home loans as per jointly drawn up credit policy and retain 20% of the loan in its books and 80% will be on HDFC books. The company will service the loan account throughout the life cycle of the loan. 

KEC International: KEC International Ltd., a global infrastructure EPC major, has secured new orders of Rs 1,245 crores across its various businesses. The railway business has secured orders of Rs 446 crores in technologically enabled/ conventional segments in India. In Transmission & Distribution (T&D) it has secured orders of Rs 629 crores in India, SAARC, the Middle East, Africa, and the Americas. The civil business has secured orders of Rs 107 crores for infra works in the Defence and industrial segments in India. The cable business has secured orders of Rs 63 crores for various types of cables in India and overseas.