Stocks in Focus on January 13: Tata Motors, Bharti Airtel, Bharat Rasayan, HUL and Godrej Consumer; here are the 5 Newsmakers of the Day
The domestic equity benchmark ended near the days high on Tuesday, January 12, 2021. The BSE Sensex climbed 247.79 points, or 0.50 per cent, to 49,517.11 and the NSE Nifty rose 78.70 points, or 0.54 per cent, to close at 14,563.45. Both the indices attained record closing high levels. But certain stocks came in news after the market was closed. These stocks can impact the indices when it reopens on Wednesday
The domestic equity benchmark ended near the day's high on Tuesday, January 12, 2021. The BSE Sensex climbed 247.79 points, or 0.50 per cent, to 49,517.11 and the NSE Nifty rose 78.70 points, or 0.54 per cent, to close at 14,563.45. Both the indices attained record closing high levels. But certain stocks came in news after the market was closed. These stocks can impact the indices when it reopens on Wednesday, January 13, 2021. List of such five stocks:
Post Market Results: Some companies, like Tata Elxsi, Filatex India and HPL Electric, posted their December quarter results after the markets were closed for trading purposes on Monday. These stocks are likely to be in action today when the market will open for trading purposes. Details:
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Tata Elxsi: Tata Elxsi on Tuesday reported a 33% (QoQ) rise in net profit at Rs 105 crore for Q3FY21. The company has registered a net profit of Rs 78.8 crore in the previous quarter ended September 30, 2021. Its revenue from operations grew 10.9% to Rs 477 crore for the reported quarter against Rs 430 crore posted in the previous quarter. EBITDA grew by 21.8% to Rs 143 crore against Rs 117.4 crore posted in Q2FY21. The margin improved to 29.98% in Q3FY21 against 27.30% posted in Q2FY21.
Filatex India: The textile production company has reported a 256.7% (YoY) rise in net profit at Rs 66 crore for the quarter ended December 31, 2020. The company has registered a net profit of Rs 18.5 crore last year in the same quarter. Its revenue from operations fell 2% to Rs 721.5 crore in the reported quarter against Rs 737.7 crore posted last year. EBITDA grew 115% at Rs 120 crore from Rs 55.8 crore. The margin advanced to 16.63% in Q3FY21 against 7.56% reported in Q3FY20.
HPL Electric: The electrical equipment company on Tuesday reported a 23.8% (YoY) rise in consolidated profit at Rs 8.3 crore for the quarter ended December 31, 2021. The company has registered a net profit of Rs 6.7 crore in the same quarter last year. Revenue from operations fell 0.04% to Rs 243.9 crore against Rs 244 crore posted last year. The EBITDA grew 6.25% to Rs 34 crore in the reported quarter against Rs 32 crore posted last year. The margin stood at 13.94% in Q3FY21 against 13.11% posted in Q3FY20.
Bharti Airtel: Telecom major Bharti Airtel on Tuesday said that it has received required regulatory approvals for 100 per cent foreign direct investment in its downstream companies. Accordingly, the Company is initiating the process to revise its foreign investment limit, as notified to its depositories, to 100% with immediate effect.
Bharat Rasayan: The Board of Bharat Rasayan at its meeting held on Tuesday approved the proposal for buyback up to 93,472 equity shares of Rs 10 each comprising of 2.20% of the total paid-up equity share capital of the company at Rs 11,500 per share for an aggregate amount not exceeding Rs 107.49 crore. Zee Business's team in has earlier estimated that the buyback will lie in the range of Rs 10,700-11,500.
Tata Motors + Tesla
Tata Motors: The Tata Motors Group global wholesales in Q3 FY21, including Jaguar Land Rover, were at 2 78,915 units, higher by 1%, as compared to Q3 FY20. Global wholesales of all Tata Motors’ commercial vehicles and Tata Daewoo range in Q3 FY21 were at 90,365 units, lower by 4%, over Q3 FY20. Global wholesales of all passenger vehicles in Q3 FY21 were at 1,88,550 units, higher by 4% as compared to Q3 FY20. Global wholesales for Jaguar Land Rover were 1,19,658 vehicles (**JLR number for Q3 FY21 includes CJLR volumes of 17,078 units). CJLR – It is a JV between JLR and Chery Automobiles and is an unconsolidated subsidiary for JLR. Besides, the company in its clarification to the exchange said, "Tata Motors has not taken any decision regarding a strategic partner for its PV business and categorically denies any and all rumours suggesting the same.
Auto Stocks In focus: US-based electric vehicle maker Tesla has registered itself with the Registrar of Companies in India as Tesla India Motors and Energy Private Ltd. According to details, the company has incorporated itself in Bengaluru on January 8, 2021. Vaibhav Taneja, V Sreeram, and David Jon Feinstein will be the three directors of the new company.
HUL/Godrej Consumer: Both companies have raised the prices of soap due to an increase in the prices of raw materials. HUL and Godrej Consumers have increased the prices by 3% and 5%, respectively. Prices of soap increase due to increase in prices of raw materials.
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