Stocks in Focus on May 11: JMC Projects, Intellect Design, PNB, IndiGo to Metal Stocks; here are the 5 Newsmakers of the Day

Rising for the fourth straight session, the domestic equity markets closed with a gain of more than half a per cent on Monday, May 10, 2021. The S&P BSE Sensex gained 295.94 points or 0.60 per cent to end at 49,502.41. The Nifty 50 index rose 119.20 points or 0.80 per cent to close higher at 14,942.35. But certain stocks came in the news after the market was closed. These stocks can impact the indices, when it reopens on Tuesday, May 11, 2021. List of such five stocks:

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JMC Projects + Chambal Fertilizer + Intellect Design + HFCL 

JMC Projects: The construction engineering company has reported a consolidated profit YoY of Rs 41.4 crore for the quarter ended March 31, 2021, as against a consolidated loss of Rs 54.8 crore posted in the same quarter of the previous financial year. Consolidated revenue grew 42.6% to Rs 1,392.2 crore against Rs 976.3 crore posted last year. EBITDA stood at Rs 170.5 crore, up 217% from Rs 53.8 crore posted last year. The margin improved to 12.2% in Q4FY21 from 5.5% posted in Q4FY20. Besides, the board has recommended a final dividend of Rs 0.70 per share. 

Chambal Fertilizer: The fertilizer producer has reported a 169.4% YoY rise in the consolidated profit at Rs 541.8 crore for the quarter ended March 31, 2021. It had posted a profit of Rs 201.1 crore in the same quarter of the last financial year. The company has also reported an exceptional gain of Rs 337.9 crore in the quarter. Consolidated revenue fell 16.7% to Rs 1,640 crore in the reported period against revenue of Rs 1,969.1 crore posted last year. EBITDA stood at Rs 334.1 crore, up 53.8%, from Rs 217.2 crore. The margin improved to 20.4% in Q4FY21 against 11% reported in Q4FY20. 

Intellect Design: The software company has reported a 0.3% QoQ rise in consolidated profit at Rs 80.6 crore for the quarter ended March 31, 2021. It had posted a profit of Rs 80.4 crore in the previous quarter ended December 31, 2020. Consolidated revenue grew 4% to Rs 397.6 crore in the reported quarter against Rs 382.2 crore posted in the December quarter. The EBIT stood at Rs 80.4 crore, up 3.9% from Rs 382.2 crore posted in the previous quarter. The margin remained flat at 20.2%.  

HFCL: The telecom company Himachal Futuristics Communications Limited has reported 14.6 times YoY jump in the consolidated profit at Rs 84.7 crore for the quarter ended March 31, 2021. It had reported a profit of Rs 5.8 crore in the same quarter of the last financial year. Consolidated revenue grew 109..8% to Rs 1,391.4 crore in the reported quarter against Rs 663.3 crore posted last year. EBITDA stood at Rs 181.3 crore, up 154.1% from Rs 71.4 crore. The margin improved to 13.0% in Q4FY21 against 10.8% posted in Q4FY20. 

Punjab Nation Bank + IndiGo

Punjab National Bank: The public sector lender Punjab National Bank on Monday launched a qualified institutional placement (QIP) offer to raise equity capital to enhance capital base. For the Qualified Institutional Placement (QIP) purposes, the bank has fixed the floor price at Rs 35.51 per equity share (0.25% discount on CMP of Rs 35.6 per share). The Capital Raising Committee of the bank would meet on May 14, Friday, to consider and determine the issue price for the equity shares to be allotted to eligible qualified institutional buyers. The bank may, at its discretion offer a discount of not more than 5 per cent on the floor price,

Interglobe Aviation: The board of directors of InterGlobe Aviation Limited (IndiGo) on Monday, May 10, 2021, approved the raising of funds for an aggregate amount not exceeding Rs 3,000 crore through a Qualified Institutions Placement (QIP) process.

Metal Stocks: Metal stocks will be in focus today as China has taken steps to bring into control the prices of Iron Ore Futures and Steel Futures. Dalian Commodity Exchange has raised trading limits and margins requirement for some iron ore contracts and reinstated fees on steel futures. China’s Iron Ore Futures hit the 10% upper circuit in the opening session yesterday. Margins for deliveries were extended for the next 1 year. 

Embassy Office Parks REIT: Blackstone Real Estate has acquired Embassy Industrial Parks in transactions worth Rs 5,250 crore. With this acquisition, Blackstone turns into India’s largest warehouse. Embassy Industrial Parks comprises 10.6 million square feet of modern Grade A logistics and warehousing assets near urban centres.

Bulk Deals:  Solara Active + Coforge  

Solara Active Pharma Sciences:  Pronomz Ventures LLP sold 10.69 lakh shares (2.98%) at Rs 1,552.05 per share. TPG Growth IV SF PTE sold 13.36 lakh shares (3.72%) at Rs 1,557.26 per share. Classic Opportunities Fund ULIF bought 2.57 lakh shares (0.72%) at Rs 1,552.05 per share. Aditya Birla Sun Life Flexi Cap Fund bought 3.90 lakh shares (1.09%) at Rs 1,552.05 per share. Aditya Birla Sun Life Mutual Fund bought 1.94 lakh shares (0.54%) at Rs 1,552.05 per share. 

Coforge: Axis Mutual Fund bought 6.17 lakh shares (1.02%) at Rs 3,240 per share. Hulst BV sold 19 lakh shares (3.14%) at Rs 3,242.26 per share.