Stocks in Focus on February 2: PVR, Coal India, Hero MotoCorp, MRPL to Indigo Paints; here are the 5 Newsmakers of the Day

Welcoming Union Budget 2021-22, Benchmark domestic stocks on Monday, February 1, 2021, skyrocketed around five per cent. The Sensex surged 2314.84 points, or 5%, to close at 48,600.61. The NSE Nifty also climbed 646.60 points, or 4.74%, to 14,281.20. But certain stocks came in news after the market was closed. These stocks can impact the indices when it reopens on Tuesday, February 2, 2021. List of such five stocks:

PVR: The Fund-Raising Committee of PVR at its meeting held on Monday declared the closure of the QIP issue. The committee approved the issue of 55.55 lakh equity shares to be allotted to eligible QIBs at an issue price of Rs 1440 per share (including a premium of Rs 1430), aggregating Rs 800 crore.

See Zee Business Live TV Streaming Below:

Coal India + NMDC

Coal India: The company has reported that its production declined 4.1% year-on-year in January to 60.5 MT against 63 MT. Coal offtake declined 4.6% year-on-year to 53 MT against 56 MT.
NMDC: The company has reported its operational numbers and said its production grew by 17% year-on-year in January 2021 to 3.86 million tonnes from 3.31 million tonnes. Overall sales in January were up 26% year-on-year to 3.74 MT from 2.96 MT. It is reporting good numbers since last 3-4 months. 

Hero MotoCorp: + VST Tillers

Hero MotoCorp: Two-wheeler major Hero MotoCorp on Monday reported a 3.1% decline in total sales to 4.85 lakh units in January 2021. The company had sold a total of 5.01 lakh units in the same month last year. There was a 9% dip in sales of motorcycles, while scooters sales went 5.1 times up.
VST Tillers: The company has sold 2,258 units of Power Tillers in January 2021 against 1,971 units reported in the same month last year. Tractor grew to 647 units year-on-year from 516 units.

Castrol India + MRPL:

Castrol India: Castrol India on Monday reported a 31% year-on-year fall in net profit at Rs 187.7 crore for the quarter ended December 31, 2020. It had posted a net profit of Rs 271.3 crore in the corresponding quarter last year. Revenue from operations dropped 8% to Rs 935 crore against Rs 1,012 crore reported last year. EBITDA fell 24% to Rs 258 in the October-December 2020 period against Rs 341 crore posted in October-December 2019 period. The margin contracted to 27.5% in Q3FY21 against 22.7% posted in Q3FY20. 

Mangalore Refinery and Petrochemicals Limited (MRPL):  The oil refining company's loss widened to Rs 71 crore quarter-on-quarter in December 2020 quarter against a loss of Rs 37 crore posted in September 2020 quarter. Net Sales grew 29% to Rs 7,951 crore in the period under observation against Rs 6,182 crore posted in the previous quarter. EBITDA stood at Rs 147 crore, 38% down, from Rs 237 crore posted in September quarter. Margin contracted to 1.8% in Q3FY21 against 3.82% reported in Q2FY21.  

Indigo Paints: Indigo Paints, one of the fastest-growing paint companies in India, will debut on the bourses on February 2, 2021, after finalising the issue price at Rs 1,490 per share. The IPO was subscribed 117 times.