Stocks in Focus on May 21: HPCL, Havells India, JK Lakshmi Cement, Axis Bank to Sugar Stocks; here are the 5 Newsmakers of the Day
At the stock markets, the S&P BSE Sensex lost 338 points, or 0.68 per cent, to close at 49,565, on Thursday, May 20, 2021. The Nifty at the National Stock Exchange slid 124 points, or 0.83 per cent, to end at 14,906.
At the stock markets, the S&P BSE Sensex lost 338 points, or 0.68 per cent, to close at 49,565, on Thursday, May 20, 2021. The Nifty at the National Stock Exchange slid 124 points, or 0.83 per cent, to end at 14,906. But certain stocks came in the news after the market was closed. These stocks can impact the indices, when it reopens on Friday, May 21, 2021. List of such five stocks:
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HPCL + Havells India + Torrent Power
HPCL: State-controlled Hindustan Petroleum Corp Ltd (HPCL) has reported a 28.2% QoQ rise in the profits at Rs 3,018 crore for the quarter ended March 31, 2021. It had posted a profit of Rs 2,354.6 crore in the previous quarter ended December 31, 2021. Revenues went up 9% QoQ to Rs 74,843.4 as compared to Rs 68,659.2 crore posted in the previous quarter. EBITDA stood at Rs 4,666.4 crore, up 41.3% from Rs 3,301.5 crore posted in the December quarter. The EBITDA margins improved to 6.2% in Q4FY21 as compared to 4.8% posted in Q3FY21. Board recommended a final dividend of Rs 22.75 per share.GRM stood at $8.11/bbl. HPCL attributed the rise in profit to improvement in refinery margins helped by inventory gains and favourable exchange rate variations. It said, the company earned an inventory gain of Rs 4,051 crore and forex gains of Rs 142 crore in the fourth quarter. It earned an inventory gain of $4.61/bbl. HPCL will have a CapEx of Rs 14,500 crore in FY22.
Havells India: The Noida-based electrical equipment company has reported a 70.6% YoY rise in the consolidated profit at Rs 302 crore for the quarter ended March 31, 2021. It had posted a profit of Rs 177 crore in the same quarter of the last financial year. Revenue from operations grew 50% to Rs 3,331 crore as compared to Rs 2,216 crore posted last year. EBITDA stood at Rs 506 crore, up 106.5%, from Rs 245 crore reported last year. EBITDA margin improved to 15.2% in Q4FY21 as compared to 11.1% reported in Q4FY20. The board has recommended a final dividend of Rs 3.5/share.
Torrent Power: The company engaged in electricity generation, transmission and distribution has reported a YoY consolidated profit of Rs 397 crore for the quarter ended March 31, 2021, against a loss of Rs 275 crore posted in the same quarter of the previous financial year. Consolidated revenue from operations grew 3.4% to Rs 3,084 crore compared to Rs 2,983 crore posted last year. EBITDA stood at Rs 915 crore, up 10.8%, from Rs 826 crore posted last year. EBITDA margin improved to 29.7% in Q4FY21 against 27.7% posted in Q4FY20. The board has recommended a dividend of Rs 5.50 per share. The record date for the final dividend has been set for June 25, 2021. Last year, the company has reported an exceptional loss of Rs 1,000 crore.
JK Lakshmi Cement + Cosmo Films + Plastiblends India
JK Lakshmi Cement: Building material company has reported a 34.7% YoY rise in the profit at Rs 136 crore for the quarter ended March 31, 2021. It had reported a profit of Rs 101 crore in the same quarter last year. Revenue from operations grew 24.6% to Rs 1,322 crore as compared to Rs 1,061 crore posted last year. EBITDA stood at Rs 268 crore, up 32.7% as against Rs 202 posted last year. EBITDA margin improved to 20.3% in Q4FY21 as against 19% reported in Q4FY20. The board has recommended a dividend of Rs. 3.75 per share.
Cosmo Films: The manufactures bi-axially oriented polypropylene films for packaging, label, lamination and industrial applications has reported a 252.4% YoY rise in the consolidated profit at Rs 74 crore for the quarter ended March 31, 2021. It had posted a profit of Rs 21 crore in the same quarter last year. Consolidated revenue grew 28.2% to Rs 672 crore in the reported quarter against Rs 524 crore posted last year. The EBITDA stood at Rs 113 crore, up 58%, from Rs 71.5 crore posted last year. EBITDA margin improved to 16.8% in Q4FY21 as compared to 13.6% posted in Q4FY20. Besides, the company has incorporated a Wholly-owned Subsidiary Company with the name 'COSMO SPECIALITY POLYMERS PRIVATE LIMITED'.
Plastiblends India: The manufacturer and exporter of colour & additive masterbatches and thermoplastic compounds for the plastics processing industry has reported a 140% YoY rise in the consolidated profit at Rs 12 crore for the quarter ended March 31, 2021. It had posted a profit of Rs 5 crore in the same quarter last year. Consolidated revenue from operations grew 22% to Rs 172 crore from Rs 141 crore posted last year. EBITDA stood at Rs 19.5 crore, UP 74.1%, from Rs 11.2 crore. EBITDA margin improved to 11.3% in Q4FY21 against 7.9% posted in Q4FY20. The board has approved a dividend of Rs 4 per share.
Axis Bank + Union Bank
Axis Bank: The Retail portion of the offer for sale of SUUTI shares was subscribed 29% on Thursday. Overall, the OFS was subscribed 76%. The remaining portion of the retail investors will be allotted to the non-retail investors. At the cut-off price of Rs 701 a share, SUUTI has sold a 1.95% stake. With this, the exchequer has fetched around Rs 4,000 crore.
Union Bank: The qualified institutional placement (QIP) of the public lender closed on Thursday. The bank has raised Rs 1,447 crore through QIP against a plan to raise Rs 1,750 crore. The bank's qualified institutions placement (QIP) issue had opened on May 17, 2021, at an issue price of Rs 33.82 per share (5% Discount to Floor Price). QIP’s floor price stands at Rs 35.60 per share.
Sugar Stocks: Sugar stocks will remain in focus today as the government on Thursday slashed subsidy on sugar exports from Rs 6,000 per tonne to Rs 4,000 per tonne with immediate effect in view of firm global prices.
IEX + DEN Networks + Garware Hi-Tech
Indian Energy Exchange:
Copthall Mauritius Investment bought 16.54 lakh shares at Rs 362.68/share
Societe Generale bought 22.14 shares at Rs 361.66/share
Dalmia Bharat subsidiary Dalmia Power sold 1.34 crore equity shares (4.473% of paid-up equity) at Rs 363.84/sh
Den Networks:
Broad Street Investments (Singapore) Pte Limited sold 25.10 lakh shares at Rs 44.21/Sh
Garware Hi-Tech Films:
Ashish Rameshchandra Kacholia acquired 1.28 lakh shares at Rs 755/sh
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