Stocks in Focus on April 27: Campus Activewear IPO, Bajaj Finance, AU Small Finance Bank, Tata Motors, Wipro and many more

Snapping a two-day losing streak, equity benchmarks ended with strong gains on Tuesday, April 26, 2022. The barometer index, S&P BSE Sensex surged 776.72 points or 1.37% at 57,356.61. The Nifty 50 index jumped 246.85 points or 1.46% at 17,200.80. The 50-unit index corrected 2.52% in the past two sessions. But certain stocks came in the news after the market was closed. These stocks can impact the indices when it reopens on Wednesday, April 27, 2022. List of such Stocks:

IPO Update: Campus Activewear + Rainbow Children’s Medicare 

Campus Activewear: The Rs 1,400 crore initial public offering IPO of Campus Activewear which opened for bidding on Tuesday was subscribed 1.24 times by day end. The Qualified Institutional Buyers (QIBs) portion was subscribed 0.09 times, while the Non-Institutional Investors (NIIs) portion was subscribed 1.32 times and the Retail Individual Investors (RIIs) portion was subscribed 1.88 times. The issue will close on April 28, 2022. The price band for the issue is set at Rs 278-292 per equity share. The issue is entirely an offer-for-sale (OFS) from the promoters and existing shareholders of the company. They will offload 4,79,50,000 shares during the OFS. 

Rainbow Children’s Medicare IPO: CDC Group-backed Rainbow Children's Medicare Ltd. will launch its three-day initial public offering today. The price band for the issue is set at Rs 516-542 per share. The issue will close on April 29, 2022. The IPO is expected to fetch Rs 1,595 crore for the company. The public issue comprises a fresh issue of equity shares aggregating up to Rs 280 crore and an offer sale (OFS) of up to 2.4 crore equity shares by promoters and investors. Investors can bid for a minimum of 27 equity shares and in multiples thereof. Besides, the multi-speciality paediatric hospital chain Rainbow Children's Medicare Ltd yesterday said that it has garnered nearly Rs 470 crore from anchor investors ahead of its initial public offering (IPO). Anchor investors include names like the Government of Singapore (7.5%), Monetary Authority (2.1%), SBI healthcare (8.6%), Axis Mutual Fund (8.6%), Nippon Life (8.6%), Ashoka India (6.8%), Goldman and HDFC Life among others. 

Q4FY22 RESULTS  

Bajaj Finance: NBFC Giant Bajaj Finance on Tuesday reported a 79.7% YoY rise in the consolidated net profit for the quarter ended March 31, 2022, compared to Rs 1,346.6 crore in the corresponding quarter last year. The company’s net interest income (NII) for the March 2022 quarter increased by 30% to Rs 6,068 crore compared to Rs 4,659 crore posted in the year-ago quarter. New loans booked grew by 15 per cent to 6.28 million as against 5.47 million in the same quarter last year. Gross NPA (non-performing assets) stood at 1.60% against 1.73% while the Net NPA stood at 0.68% against 0.78% as of March 31, 2021. The board has recommended a dividend of Rs 20 per share. The record date for the payment of dividends is July 1, 2022. Bajaj will infuse capital of Rs 2500 crore into Housing Finance. It will also launch Super App for full payment service on May 1, 2022, to promote digital payments with peer-to-peer and payment gateway businesses.
 

AU Small Finance Bank: The bank on Tuesday reported a 104.8% YoY rise in the consolidated profit at Rs 346.1 crore for the quarter ended March 31, 2022, compared to Rs 169 crore posted in the corresponding quarter last year. The company's net interest income (NII) for the March 2022 quarter grew 42.8% YoY to Rs 936.6 crore compared to Rs 655.8 crore posted last year. Gross NPA (non-performing assets) stood at 1.98% against 2.6% while the Net NPA stood at 0.5% against 1.3% as of March 31, 2021. Net interest margin stood at 6.3% in Q4FY22 against 5.7% in Q4FY21 and 6.3% in Q3FY22. The deposits grew 46% YoY to Rs 52,585 crore compared to Rs 35,979 crore. Disbursement is up by 39% to Rs 10,295 crore compared to Rs 7,421 crore. Gross Advances up 32% YoY to Rs 46,789 compared to Rs 35,356 crore. CASA ratio stood at 37% compared to 23% posted last year. Cost of funds reduced to 5.7% compared to 6.5% in Q4FY21. Besides, during the quarter Bank opened 39 new touchpoints taking its network spread across 919 touchpoints. In addition, the board has approved the 1:1 bonus shares as well as a dividend of Rs 1 per share, consequent to the bonus issue the dividend will be adjusted to Re 0.5 per share. It also approved an increase in authorized share capital from Rs 350 crore to Rs 1200 crore.
 

Nippon India AMC: The company has reported a 4.9% YoY rise in the consolidated profit at Rs 175 crore for the quarter ended March 31, 2022, compared to Rs 166.8 crore posted in the corresponding quarter last year. Revenue from operations grew 12% YoY to Rs 338 crore compared to Rs 301.9 crore posted last year. EBITDA grew 25.25% YoY to Rs 207.8 crore compared to Rs 165.9 crore. Margins improved to 61.5% in Q4FY22 against 55% posted in Q4FY21. Besides, the board has recommended a final dividend of Rs 7.5 per share.  
UBL: The company has reported a 3% YoY rise in the adjusted net profit at Rs 162 crore for the quarter ended March 31, 2022, compared to Rs 159 crore posted in the corresponding quarter last year. Revenue from operations rose 11% to Rs 1,707 crore against Rs 1,544 crore posted last year. EBITDA stood at Rs 260 crore against Rs 261 crore posted last year. Margin declined to 15% in Q4FY22 against 17% posted in Q4FY21. The fourth quarter witnessed 7% year-on-year growth in volume but the non-alcoholic segment degrows by 35% YoY. 

Macrotech Developers: The real estate company has reported a 72% YoY rise in the consolidated profit at Rs 535 crore for the quarter ended March 31, 2022, compared to Rs 311 crore posted in the corresponding quarter last year. Revenue from operations grew 36% YoY to Rs 3,445 crore against Rs 2,534 crore posted last year. EBITDA grew 8% YoY to Rs 871 from Rs 808 crore posted last year. Margin fell to 25% in Q4FY22 against 32% posted in Q4FY21. 

Tata Coffee Ltd: The roasted coffee company has reported a 5% YoY decline in the consolidated profit at Rs 41 crore for the quarter ended March 31, 2022, compared to Rs 43 crore posted in the corresponding quarter last year. Revenue from operations grew 11% YoY to Rs 656 crore in the reported quarter against Rs 591 crore posted last year. EBITDA grew 17.3% YoY to Rs 111.07 crore against Rs 94.65 crore posted last year. Margin improved marginally to 16.9% in Q4FY22 against 16% posted in Q4FY21. The company in a statement said that its other Income fell from Rs 21 crore to Rs 7 crore. Besides, the board has recommended a dividend of Rs 2 per share for the year ended March 31, 2022. 

IIFL Securities Ltd: The capital market company has reported a 2.6% YoY rise in the consolidated profit at Rs 79 crore for the quarter ended March 31, 2022, compared to Rs 77 crore posted in the corresponding quarter last year. Revenue from operations grew 45.8% YoY to Rs 347 crore compared to Rs 238 crore posted last year. EBITDA grew 27.6% YoY to Rs 125 crore compared to Rs 98 crore posted last year. Margin fell to 36% in Q4FY22 against 41.2% posted in Q4FY21. 
Mahindra Logistics Ltd: The integrated logistics & mobility solutions provider has reported a 2.8% YoY decline in the consolidated profit at Rs 12.23 crore for the quarter ended March 31, 2022, compared to Rs 12.58 crore posted in the corresponding quarter last year. Revenue from operations grew 10.1% YoY to Rs 1,072 crore against Rs 974 crore posted last year. EBITDA rose 19.2% YoY to Rs 54.46 crore against Rs 45.68 crore posted last year. Margins grew to 5.1% in Q4FY22 against 4.7% posted in Q4FY21. 

VST Industries: The manufacturer and distributor of cigarettes have reported a 19% YoY rise in the consolidated profit at Rs 87 crore for the quarter ended March 31, 2022, compared to Rs 73 crore posted in the corresponding quarter last year. Revenue from operations grew 9% YoY to Rs 303 crore compared to Rs 278 crore posted last year. EBITDA grew 8% YoY to Rs 106 crore compared to Rs 98 crore posted last year. The margin is flat at 35%.
Som Distilleries: The beverages company has reported a 73% YoY rise in the consolidated profit at Rs 6.4 crore for the quarter ended March 31, 2022, compared to Rs 3.7 crore posted in the corresponding quarter last year. Revenue from operations grew 35% YoY to Rs 146 crore compared to Rs 108 crore posted last year. EBITDA grew 42% to Rs 12 crore against Rs 8.3 crore posted last year. Margin stood at 8% in Q4FY22 against 7.7% posted in Q4FY21.

D-LINK: The network equipment company has reported a consolidated profit of Rs 12 crore for the quarter ended March 31, 2022, compared to Rs 9 crore posted in the corresponding quarter last year. Revenue from operations rose 29% YoY to Rs 269 crore compared to Rs 209 crore posted in the March 2021 quarter. EBITDA grew 15% to Rs 15 crore from Rs 13 crore posted last year. The margin was flat at 6%. Besides, the board has recommended a dividend of Rs 3 per equity share. 
Schaeffler India Ltd: The Ball and roller bearing manufacturer has reported a 47.9% YoY rise in the consolidated profit at Rs 207 crore for the quarter ended March 31, 2022, compared to Rs 140 crore posted in the corresponding quarter last year. Revenue from operations grew 19.1% YoY to Rs 1,568 crore compared to Rs 1,317 crore posted last year. EBITA rose 45% YoY to Rs 308.8 crore against Rs 212.9 crore. Margin improved to 19.7% in Q4FY22 against 16.2% posted in Q4FY21.  

UTI Asset Management Company Ltd: The mutual fund company has reported a 59.4% YoY decline in the consolidated profit at Rs 54 crore for the quarter ended March 31, 2022, compared to Rs 134 crore posted in the corresponding quarter last year. Revenue from operations grew 4.2% YoY to Rs 301 crore compared to Rs 289 crore posted last year. EBITDA declined 35.5% YoY to Rs 105 crore against Rs 163 crore posted last year. The margin dropped to 35% in Q4FY22 against 56.2% posted in Q4FY21. Besides, the board has recommended a final dividend of Rs 21 per equity share.

AB Sun Life AMC: The investment managing company has reported a 1% YoY increase in the consolidated profit at Rs 158.51 crore for the quarter ended March 31, 2022, compared to Rs 156.73 crore posted in the corresponding quarter last year. Revenue from operations grew 2.9% YoY to Rs 324 crore compared to Rs 315 crore posted last year. EBITDA fell 2% YoY to Rs 196.38 crore posted last year. Margin declined to 60.61% in Q4FY22 against 63.81% posted in Q4FY21. 

NELCO: The security systems services company has reported a 43% YoY decline in the consolidated profit at Rs 3 crore for the quarter ended March 31, 2022, compared to Rs 5.3 crore posted in the corresponding quarter last year. Revenue from operations fell 1% to Rs 71 crore against Rs 72 crore posted last year. EBITDA declined 7% to Rs 13 crore against Rs 14 crore posted last year. Margin fell to 18% in Q4FY22 against 20% posted in Q4FY21. 

Stocks in News

LIC IPO: Life Insurance Corporation of India (LIC) has set the price band for the initial public offering at Rs 902 to Rs 949, with a discount of Rs 60 for policyholders. A discount of Rs 45 will be provided to retail and employees. The much-awaited IPO of the state-run insurance behemoth is set to open between May 4 to 9, 2022. The insurance behemoth will offer 22.13 crore shares.

Tata Motors: Tata Motors has emerged as the lowest bidder in the mega tender for 5,450 electric buses floated by Convergence Energy Services Ltd (CESL) under the remodelled FAME II scheme, the government said on Tuesday. Discovered prices of the Grand Challenge tender are between 15% and 48% lower than the price discovered by the cities and even at par or close to the operational cost of diesel vehicles, according to official releases. The ministry said that the tender contains the largest ever aggregation of electric buses - 5,450 buses across five major cities which have indicated their demand for electric buses. The participating cities are Kolkata, Delhi, Bangalore, Hyderabad and Surat.

Power Stocks: India's power demand has recorded an all-time high of 201 GW (GigaWatt). The demand is expected to be at 215-220 GW in May and June. 

Wipro:  Wipro on Tuesday announced that it has signed a definitive agreement to acquire Rizing Intermediate Holdings, Inc. (Rizing), a global SAP consulting firm for $54 crore (Rs 4,100 crore), significantly expanding its breadth of capabilities in helping businesses transform into intelligent enterprises. 

Endurance Technologies:  SBI MF buys 23.73 lakh shares at Rs 1162 per share.