Stocks in Focus on January 11: 5paisa Capital, Paytm, Auto Stocks, Restaurant stocks, Fortis Healthcare and many more

Domestic equity indices closed with robust gains on Monday, January 10, 2022. The S&P BSE Sensex, advanced 650.98 points or 1.09% to 60,395.63. The Nifty 50 index added 190.60 points or 1.07% to settle above 18,000 levels at 18,003.30. But certain stocks came in the news after the market was closed. These stocks can impact the indices when it reopens on Tuesday, January 11, 2022. List of such five stocks:

Earnings + Q3FY22 Business Updates

5paisa Capital: The company has reported a 78.1% YoY drop in its consolidated profit at Rs 0.7 crore for the quarter ended December 31, 2021 (Q3FY22). It had posted a profit of Rs 3.2 crore in the corresponding quarter of the previous financial year (Q3FY21). Its revenue from operations grew 61.6% YoY to Rs 80 crore in Q3FY22 as against Rs 49.5 crore posted last year. EBITDA dropped 10.5% YoY to Rs 8.5 crore compared to Rs 9.5 crore posted last year. Margin contracted to 10.6% in Q3FY22 against 19.2% posted in Q3FY21. The company’s other expenses grew by 96.8% to Rs 61 crore against Rs 31 crore posted last year.

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Paytm: Paytm on Monday reported its Q3FY22 business update and said the number of loans disbursed through its platform increased by 401% YoY to 44.14 lakh loans in Q3FY22 against 8.81 lakh loans disbursed in Q3FY21. In Q3FY22, the value of loans disbursed through the platform during the quarter was Rs 2180 crore (run-rate of $1 .2 billion), an increase of 365% YoY compared to Rs 470 crore disbursed in Q3FY21. The company’s monthly transacting users (MTU) showed consistent growth in FY21 and the first two-quarters of FY22. The trajectory has continued in the third quarter of FY22 with 6.44 crore average MTUs, a growth of 37% YoY over the 4.71 crores average MTUs in Q3FY21. Growth of Gross Merchandise Value (GMV) continues in Q3FY22 even after the festive season. GMV processed through the platform during the quarter aggregated to approximately Rs 2,50,100 crore ($33.6 billion), a growth of 123% YoY compared to Rs 1,12,100 crore posted in Q3FY21. Monthly GMV per MTU at 12950, Up 54.4% YoY. 

PB Fintech: The insurance premium originated by PB Fintech group increased from an aggregate of Rs 1,067 crore to Rs 1,786 Cr, marking a growth of 67% for the quarter ended December 31, 2021, over the quarter ended December 31, 2020. As per the internal classification of the Company, the insurance premium for first-year transactions through Policybazaar Insurance Brokers Private Limited (“PolicyBazaar’’) for India business (not including the POSP business) grew from Rs 627 crore in the quarter ended December 31, 2020, to Rs 1,052 crore in the quarter ended December 31, 2021, marking a growth of 68%. Within this, life insurance business, health insurance business & other insurance business grew at 73%, 50% and 69% respectively as compared to the same quarter last fiscal year. Disbursement of loans through Paisabazaar Marketing and Consulting Private Limited (“Paisabazaar”) grew from an aggregate of Rs 994 crore in the quarter ended December 31, 2020, to Rs 1,880 crore in the quarter ended December 31, 2021, registering a growth of 89%. 

Antony Waste Handling: Total Operating Revenue (tipping revenue from C&T, Mechanical Power Sweeping and Waste Processing) for Q3FY22 has improved by approximately 22% YoY, and on a sequential basis, has remained stable. Total tonnage handled by the Collection & Transportation Business (excluding those projects with fixed shifts/trips/households) in Q3FY22 has reported around 13% growth over YoY and around 3% growth sequentially, while total waste processed by the Company during Q3 FY22, has improved by around 6% YoY and around 4% sequentially. Total compost sales during Q3 FY22 stood at 3,144 tons as compared to 2,908 tons in Q2 FY22 and 2,291 tons in Q3FY21.

JSW Ispat Special Products: Crude Steel production grew by 43% YoY to 0.14 million tonnes (MT) in Q3FY22 as compared to 0.10 MT posted in Q3FY21. 

Bajaj Auto/Hero MotoCorp/M&M/Tata Motors/TVS/Sona Comstar: A total of 115 companies have filed their applications under the Production Linked Incentive Scheme for Automobile and Auto Component Industry. The Ministry of Heavy Industry said that incentives will be provided under the scheme for the products and components manufactured in the country from 1st April of this year for five consecutive years. Bajaj Auto, Hero MotoCorp, Mahindra Group, MG Motor, Sona Comstar, Tata Motors, Toyota, TVS and Ather have filed applications. 

Barbeque Nation/Speciality Rest/Westlife/Burger King/Jubilant Food/Liquor + Retail Stocks: The Delhi Disaster Management Authority (DDMA) on Monday decided not to impose lockdown to contain the spread of Covid-19 in the city. Restaurants and bars will be shut and only ‘take away’ and home delivery will be allowed. Only one weekly market will open on a day in a zone. 

Exchanges

MCX: MCX has levied an additional margin of 3% on the long (buy) and short (sell) side on all running contracts and yet to be launched contracts of cotton with effect from Wednesday, January 12, 2022.

MCX/BSE: Securities and Exchange Board of India (SEBI) has unveiled a framework for making operational gold exchanges that will facilitate the trading of yellow metal in the form of electronic gold receipts (EGRs). The stock exchanges interested in EGRs may apply to SEBI for approval of trading in the new segment, the regulator said in a circular.

Fortis Healthcare: M/s. Emqore Envesecure Private Capital Trust ('Emqore') has filed a suit/complaint against 28 named defendants and 21 non-party defendants, including Fortis Healthcare Limited ('FHL') and IHH Healthcare Berhad ('IHH'), the holding company of Northern TK Venture Pte Ltd. (''the Promoter of FHL''), before the United States District Court, District of New Jersey, USA. The Complaint has been filed for the alleged violation of, inter-alia, the U.S. Racketeer, Influenced and Corrupt Organizations Act, 28 U.S.C. § 1961, copyright infringement, tortious interference with contracts, etc. and has claimed damages in excess of USD 6.5 billion (USD 650 crore) against all the Defendants. Based on legal advice, FHL believes that it has strong grounds in its favour for dismissal of the allegations against it in the Complaint and in view of the same, at this juncture, the Complaint is not expected to have any financial or operational implications on FHL