Stocks in Focus on January 7: Anand Rathi Wealth, Titan, Hinduja Global, Energy Stocks, Restaurant Stocks and many more

After a four-day rising streak, the benchmark indices witnessed a sharp decline on Thursday, January 6, 2021. The S&P BSE Sensex, dropped 621.31 points or 1.03% at 59,601.84. The Nifty 50 index shed 179.35 points or 1% at 17,745.90. Both these indices rose a little over 4% in the past four days. But certain stocks came in the news after the market was closed. These stocks can impact the indices when it reopens on Friday, January 7, 2022. List of such five stocks:

Anand Rathi Wealth: The Mumbai-based financial services company has reported a 144%+ YoY growth in profits at Rs 32 crore for the quarter ended December 31, 2021. It had posted a profit of Rs 13 crore posted in the same period last year. Its revenue grew by 56% YoY to Rs 106 crore as against Rs 68 crore posted last year. The company’s EBITDA grew 114% to Rs 45 crore as against Rs 21 crore posted last year. The Margin improved to 42.23% in Q3FY22 as against 31% posted in Q3FY21. Besides, the company has posted an interim dividend of Rs 5 per share for the financial year 2021-22.

Q3FY22 Business Update

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Titan: The Tata-owned company has reported its quarterly update for Q3FY22 and said its jewellery business witnesses a 37% growth YoY. It added 14 more stores taking its store count to 428. Watches & Wearables segment grew 28% YoY and it added 20 stores in the segment taking the count to 809. The EyeWear segment grew 27% YoY and the company has added 53 new stores in the segment taking its count to 682 stores. Other businesses grew 44% YoY in Q3FY22 and two new stores were added taking the total count to 16 stores. COMMENTARY 

(i) Jewellery: While ticket sizes were stable, they were 15% higher than pre-pandemic levels. The contribution from Tier-1 towns continued to improve and was close to pre-pandemic levels. Both plain and studded categories witnessed strong double-digit growth. Tanishq's network expansion of 14 stores (net) includes 2 new stores in Dubai at prime locations of Dubai mall and Al Barsha.

(ii) Watches & Wearables: The division saw strong growth momentum with multi-brand channels, both online and offline, growing handsomely in the quarter, mainly on the back of the Titan brand. Premiumization journey is helping to gain higher value. 

Godrej Consumer Products Limited: The company in its Q3FY22 business update said the company expect to deliver close to high single-digit growth (less than 10%) in India, largely driven by pricing. In Indonesia, it expects a marginal decline in constant currency sales growth. In Godrej Africa, USA and the Middle East, growth momentum continued across most of our key countries of operations. The company expect to deliver constant currency sales growth in the teens (around 13%). It says that at a consolidated level, the company continue to leverage our category and geographic portfolio and expect to deliver close to high single-digit sales growth. Unprecedented cost inflation will have an impact on gross margins.

Macrotech Developers Ltd: The company in its operational updates for Q3FY22 said that it had pre-sales of Rs 2608 crores, which is its best quarterly performance in the last 12 quarters, up 40% on a YoY basis. Additionally, its UK investment projects had pre-sales of GBP 191 million (Rs 1910 crores) in the quarter as informed by its release dated January 5, 2022. Sales in Q3FY21 were supported by the stamp duty waiver in Maharashtra. Collections were Rs 2,127 crores up 44% YoY in 3QFY22. Net Debt for India business has reduced to Rs 9,925 crores, already achieving our full-year guidance

Ujjivan Small Finance Bank: The company in its Q3FY22 business update said its disbursements for the quarter grew by 120% YoY to Rs 4,800 crore compared to Rs 2,200 crore disbursed in the corresponding quarter last year. Its total deposits grew 34% YoY to Rs 15,600 crore as compared to Rs 11,600 crore posted last year. CASA ratio increased to 26% in Q3FY22 from 18% posted in Q3FY21. Collection Efficiency (due for the month) stood at 95% in November and 97% in December. The GNPA reduced from 11.2% to 10.5%. 

NCL Industries: The company in its Q3FY22 business update said its cement production dropped by 11% YoY to 5.60 lakh Metric tonnes (MT) from 6.32 lakh MT produced in Q3FY21. Cement dispatches also came down 11% to 5.57 lakh MT against 6.25 lakh MT dispatched last year. 

Gujarat Pipavav: The company in its operational Data for the Quarter ended December 31, 2021, said container volume fell 21.1% YoY to 1,57,000 TEUs compared to 1,99,000 TEUs. The volumes remain unchanged from Q2FY22. Dry bulk volume declined 13% YoY to 6,70,000 MT compared to 7,70,000 MT. Liquid volume grew 41.2% YoY to 2,40,000 MT in Q3FY22 from 1,70,000 MT in Q3FY21. 

Hinduja Global Solutions: The Board of Directors of the company on Thursday approved the third interim dividend of Rs 150 per equity share for the FY22 and fixed January 18, 2022, as the “Record Date” for the payment of this dividend. It also recommended Bonus shares in the proportion of 1:1. Besides, Hinduja Global Solutions Limited (HGS) announced that it has completed the sale of its healthcare services business to wholly-owned subsidiaries of Betaine BV (‘Buyer’), funds affiliated with Baring Private Equity Asia (BPEA), one of the largest private alternative investment firms in Asia. The transaction was based on an enterprise value of US$ 1,200 million, subject to closing adjustments, and resulted in inflows of US$ 1,088 million. HGS will use the funds generated from the divestment to strategically invest in building its technology capabilities for the future growth of the organization

JSW Energy/ Tata Power/ NTPC: Cabinet Committee on Economic Affairs (CCEA) has approved Intra-State Transmission System - Green Energy Corridor Phase-II on Thursday. The scheme will add approximately 10,750 circuit kilometres of transmission lines and around 27,500 Megavolt-Amperes transformation capacity of substations. The scheme is targeted to be set up with a total estimated cost of over Rs 12,000 crores and Central Financial Assistance at 33 per cent of the project cost, which amounts to over Rs 3,970 crore.

Colgate: All India Consumer Products Distributors Federation (AICPDF) has postponed its campaign against Colgate. The matter was resolved after negotiations. The company has said that there will be no restriction in the supply of products for the time being.

Hotels/Restaurants: Christmas, New Year booking cancellations result in Rs 200 crore loss for the hospitality sector.