Stocks in Focus on April 5: PVR, Auto Stocks, BPCL, NMDC to Adani Enterprises; here are the 5 Newsmakers of the Day

The domestic equity markets on Thursday, April 1, 2021, logged gains of more than one per cent. The Sensex surged 521 points, or 1.05 per cent, to end at 50,030. The Nifty at National Stock Exchange also climbed 177 points, 1.2 per cent, to finish at 14,867. But certain stocks came in the news after the market was closed. These stocks can impact the indices when it reopens on Monday, April 5, 2021. List of such five stocks:

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PVR/Inox/Westlife/Info Edge/Jubilant Food/Phoenix Mills in Focus: Maharashtra government on Sunday announced lockdown-like restrictions across the state to curb the spread of COVID-19 in the state. These restrictions will start from 8 pm on Monday and will be in force till April 30, 2021. A state government notification said all cinemas, theatres, malls, bars, gardens and playgrounds will remain closed. Industries will continue and there will be no restriction on workers. The construction site where the worker has the facility to stay will remain operational. Hotels and restaurants will be allowed to operate only takeaway and home delivery services during the day hours. Night curfew will be imposed every day from 8 pm to 7 am. During daytime, section 144 will be in force from tomorrow prohibiting more than five people to gather at one place. On weekends, a complete lockdown will be imposed. However, essential services will be allowed. 

Auto sales numbers + Maruti Suzuki: 

Hero MotoCorp: India’s largest two-wheeler company reported a 14.1% MoM rise in total sales of the vehicles in March 2021. It sold 5,76,9577 units in March 2021 against 5,05,476 units sold in February 2021. The company had the highest ever sales of 32,617 units in global markets in a single month. 

Bajaj Auto: Two-wheeler maker, Bajaj Auto reported a 2% MoM drop in sales in March 2021. It sold 3.69 lakh units in March 2021 against 3.75 lakh units sold in February 2021. The company has sold 3.3 lakh units of two-wheelers in March 2021 against 3.32 lakh units sold in February 2021. The domestic sales of two-wheelers in the month increased 22% to 181 lakh units but there was a 19% drop in exports, which stood at 1.48 lakh units. 

Eicher Motors: Total sales dropped 5.2% MoM in March 2021. It sold to 66,058 units in the reported month against 69,659 units sold in February 2021. 

TVS Motor: Chennai-based TVS Motor Company has reported an 8.4% MoM rise in total sales in March 2021. It sold 3,22,683 units in the reported month against 2,97,747 units sold in February 2021. Total two-wheelers sales grew 8% to 3,07,437 units in March 2021 against 2,84,581 units sold in February 2021. Total exports stood grew 17.3% to 1,19,422 units against 1,01,789 units sold previous month.  

Atul Auto: The three-wheeler manufacturer reported an 8.6% MoM rise in total sales in March 2021. It sold 1,751 units in March 2021 against 1,613 units sold in February 2021. Maruti Suzuki: Suzuki Motor Gujarat (SMG) has commenced production at Plant C of Gujarat facility, which has an annual capacity of 2.50 lakh units. 

BPCL: Bharat Petroleum Corporation announced that a share purchase agreement has been signed between BPCL, Bharat Oman Refineries (BORL) and OQ S. A. O. C for the acquisition of 36.62% of equity shares in BORL from OQ for a consideration of Rs 2,399.26 crore. The acquisition will make the 7.8­million tonnes (mt) capacity refinery, located at Bina in Madhya Pradesh, a wholly owned unit of BPCL. With the acquisition of OQ’s entire stake in BORL, BPCL will establish control over BOR. 

IDBI Bank: Ageas is likely to buy stakes in the life insurance company of IDBI Bank, sources aware of the development informed Zee Business. According to the sources, Ageas is preparing to buy more stakes in the company after the Bill that allows 74% FDI in the insurance sector was approved by the Parliament. IDBI Bank has completed the sale of its 23% stake to Ageas in 2020 for Rs 507 crore. The bank's shareholding in the insurance joint venture now stands at 25% from 48%. IDBI Bank is also ready to sell its take at a good valuation. This year the company was named Ageas Federal Life Insurance Company. Currently, Ageas owns 49% of the company, while IDBI Bank owns 25% and Federal Bank owns a 26% stake in the company.

SAIL + NMDC

SAIL: Steel Authority of India Ltd (SAIL) has reported a strong of production and sales numbers for the March quarter (Q4FY21). Crude steel production grew by 6% YoY to 4.55 million tonnes against 4.31 million tonnes produced in the same quarter last year. On a QoQ basis, the production grew by 4% from 4.37 million tonnes. Sales grew by 14% YoY to 4.27 million tonnes in Q4FY21 against 3.74 tonnes sold in Q4FY20. On a QoQ basis, sales grew by 3% from 4.15 million tonnes sold in Q3FY21 to 4.27 million tonnes sold in Q4FY21.
NMDC: NMDC has increased lump ores prices by 9% to Rs 5,850 per ton from Rs 5,350 per ton. The price of fines has been increased by 6% to Rs 4,560 per ton from Rs 4,310 per ton. 

Adani Enterprises: Adani Road Transport Limited ("ARTL"), is a wholly owned subsidiary of Adani Enterprises, has received a Letter of Award (LOA) from NHAI for six laning of National Corridor NH-19 from Panagarh to Palsit (Total design length 67.750 km) in Wet Bengal under Bharatmala Pariyojana to be executed on Build-Operate-Transfer (Toll) basis. NHAI’s estimated cost for the project is Rs 2,020.93 crore. Also, the company has received an LOA from NHAI for the development of six-lane in Odisha. The project will be developed at an estimated expense of Rs 1,169.10 crore. Besides, the company along with its wholly owned subsidiary Gare Palma II Collieries Private Limited has signed a coal mining agreement with Maharashtra State Power Generation Company Limited (MAHAGENCO) for the development and operation of Gare Palma Sector II coal mine. The contract period will be of 34 years.