Stocks in Focus on January 10: Avenue Supermarts, Aviation Stocks, Tata Steel, SH Kelkar, MGL and many more

The benchmark indices settled with decent gains on Friday, January 7, 2022, supported by oil & gas and banks stocks. The barometer index, the S&P BSE Sensex, rose 142.81 points or 0.24% at 59,744.65. The Nifty 50 index gained 66.80 points or 0.38% at 17,812.70. But certain stocks came in the news after the market was closed. These stocks can impact the indices when it reopens on Monday, January 10, 2022. List of such five stocks:

Avenue Supermarts: Hypermarket chain operator Avenue Supermarts on Saturday reported a 24.7% YoY rise in the standalone profit at Rs 586 crore for the quarter ended December 31, 2021. It had posted a profit of Rs 470 crore in the corresponding quarter of the previous financial year. Its revenue grew 22% to Rs 9,065 crore as against Rs 7,433 crore posted last year. EBITDA stood at Rs 862 crore, up 25.6% from Rs 692 crore posted last year. Margin stood at 9.6% in Q3FY22 against 9.3% posted in Q3FY21. General merchandise and apparel business is consistently seeing relatively lesser sales contribution while essentials and FMCG are doing better.

Q3FY22 Business Update 

Tata Steel: Tata Steel on Friday reported a 4.3% YoY rise in domestic steel output from 46 lakh tonnes to 48 lakh tonnes in the third quarter ended December 31, 2021. Domestic sales fell by 5.1% to 44.1 lakh tonnes in Q3FY22 from 46.5 lakh tonnes sold in Q3FY21. Tata Steel Europe’s output declined from 25.9 lakh tonnes YOY to 25.6 lakh tonnes. Steel Sales in Europe grew from 21.1 lakh tonnes to 21.5 lakh tonnes.

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Tata Steel Long Products: The company has sold 1.64 lakh tonnes of saleable steel in Q3FY22. Crude steel production stood at 1.71 lakh tonnes, which was a 16% rise YoY.  
Oberoi Realty: The company has reported a 57.9% YoY jump in the booking of the units. Oberoi Realty sold 371 units during the last quarter against 235 units a year ago. It said the booked area increased by 104% YoY at 10.4 lakh square feet in Q3FY22 against 5.1 lakh square feet booked last year. Booking value surged by 102.4% YoY to Rs 1,965 crore in Q3FY22 against Rs 971 crore in Q3FY21.

Sobha Ltd.: The company in its business update for Q3FY22 said that its quarterly sales grew by 16.7% YoY to 13.22 lakh square feet in Q3FY22 compared to 11.22 lakh square feet sold in Q3FY21. Total sales value jumped 18% to Rs 1,047.5 crore compared to Rs 887.6 crore. Achieved best-ever share of sale value, which increased by 34% YoY, to Rs 908.2 crore during the quarter compared to Rs 677.7 crore. The average realisation grew by 1.15% to Rs 792 crore against Rs 783 crore. Besides, the company’s average cost of borrowing has also come down during the quarter. It achieved the highest ever nine months total sales volume and sale value. Achieved highest ever Sales volume in Bengaluru during 9M-22.

SH Kelkar: The company has witnessed the recovery of demand in both, discretionary and non - discretionary items in the emerging markets during the period under review. However, overall inflation has moderated volume growth with a contraction in consumer wallet share. In the European markets, the Company saw improved demand during the quarter. On a consolidated basis, sales for Q3FY22 improved by 5.5% on a like-to-like basis. In 9MFY 2021-22, sales stood at Rs 1,110 crore as compared to Rs 919 crore in 9MFY 2020-21, higher by 21% YoY. On the Balance sheet front, the Company's net debt position stood at Rs 438 crore as of December 31, compared to Rs 347 crore as of September 30, 2021.

Aviation Stocks: Amid the surge of the Omicron cases, the domestic air passengers have dropped by 39% in 2 weeks. Besides, the health ministry has issued new guidelines for international arrivals in India, making it mandatory for passengers to submit a self-declaration form and pre-book a COVID test online. On arrival, the passengers will need to submit a sample for the COVID-19 test at the point of arrival and wait for the test results. If tested negative they will follow home quarantine for 7 days and shall undertake an RT-PCR test on the 8th day of arrival in India. Travellers shall also be required to upload results of repeat RT-PCR test for COVID-19 done on the 8th day of arrival in India. The revised guidelines will take effect from January 11 and will be applied till further orders.

Indigo: Budget carrier Indigo on Sunday said that it will waive change fees for all new and existing bookings made up to 3 January, for flights up to 31 March. It has also announced the withdrawal of 20 per cent of its scheduled flights due to reduced demand.

MGL: Mahanagar Gas Ltd (MGL) has hiked the prices of CNG and PNG with effect from Saturday midnight. The basic price of CNG has been increased by Rs 2.50/kg to Rs 66/kg and domestic PNG by Rs 1.50/SCM to Rs 39.50/SCM for the Mumbai Metropolitan Region (MMR), 

LIC Action:

Lupin: LIC has increased its stake in the company from 7.86% to 8.39%. ICICI Prudential Life has reduced its stake below 1%. Its stake stood at 1.11% in Q2FY22.

Bharat Dynamics: LIC reduces its stakes in the company from 8.7% to 8% in Q3FY22.