Stocks in Focus on November 11: Sapphire Foods IPO, Latent View Analytics IPO, Berger Paints to Power Stocks and many more

At the stock markets, the S&P BSE Sensex fell 81 points, or 0.13%, to close at 60,353, on Wednesday, November 10, 2021. The Nifty at the National Stock Exchange shed 27 points, or 0.15%, to 18,017. But certain stocks came in the news after the market was closed. These stocks can impact the indices when it reopens on Thursday, November 11, 2021. List of such five stocks:

IPO Update: Paytm IPO + Sapphire Foods IPO + Latent View Analytics IPO  

See Zee Business Live TV Streaming Below:

Paytm IPO: The initial public offering (IPO) of One 97 Communications Limited, the parent company of India's leading digital financial services company, Paytm, was subscribed 1.89 times on Wednesday, the third and the final day of bidding. The Qualified Institutional Buyers (QIBs) portion of the public issue was subscribed 2.79 times, while the Non Institutional Investors (NIIs) and Retail Individual Investors (RIIs) portions were subscribed 0.24 times and 1.66 times, respectively. The company has fixed the price band at Rs 2,080-2,150 per share for the offer as it seeks to raise around Rs 18,300 crore from the issue.  
 

Sapphire Foods IPO: The initial public offering (IPO) of Sapphire Foods India Limited, a franchise operator of KFC and Pizza Hut restaurants, was subscribed 1.07 times on Wednesday, the second day of subscription. The Qualified Institutional Buyers (QIBs) portion was subscribed 0.03 times, while the Non Institutional Investors (NIIs) and Retail Individual Investors (RIIs) were subscribed 0.29 times and 5.38 times, respectively. Sapphire Foods has fixed the price band of the issue at Rs 1,120-1,180 per share as it seeks to raise up to Rs 2,073.25 crore through the issue. The issue will close on Thursday, November 11, 2021. Investors can bid for a minimum of 12 equity shares and in multiples of 12 shares thereafter. The maximum subscription amount for a retail investor is Rs 2 lakhs.
 

Latent View Analytics Limited IPO: The initial public offering (IPO) of the data analytics company Latent View that opened for subscription on Wednesday was subscribed 6.39 times on day one. The Qualified Institutional Buyers (QIBs) portion was subscribed 0.15 times, while the Non Institutional Investors (NIIs) and Retail Individual Investors (RIIs) were subscribed 2.42 and 31.62 times, respectively. The company has fixed the price band at Rs 190-197 per share as it seeks to raise Rs 600 crore from the initial share sale. The issue will come to a close on November 12, 2021. The bid lot size for the retail investors is 76 equity shares and in multiples thereafter, maximum up to 2 lakhs. The public issue comprises a fresh issue of up to Rs 474 crore and an Offer for Sale of up to Rs 126 crore.

Post Market Results  

Berger Paints: The paint manufacturer has reported a 1.3% YoY decline in the consolidated profit at Rs 219.2 crore for the quarter ended September 30, 2021, as against a profit of Rs 222.1 crore posted in the year-ago quarter. Its revenues from operations grew by 27.7% to Rs 2,225 crore as against Rs 1,742.55 crore posted last year. EBITDA increased by 5.6% YoY to Rs 354 crore as against Rs 335.2 crore posted last year. Margins were down to 15.9% in Q2FY22 from 19.2% posted in Q2FY21.

Pidilite: The adhesives manufacturer has reported a 5.4% YoY rise in the consolidated profit at Rs 375.5 crore for the quarter ended September 30, 2021, as against a profit of Rs 356.4 crore posted in the year-ago quarter. Its revenues from operations grew 39.7% to Rs 2,626.4 crore as against Rs 1,880.3 crore posted last year. EBITDA increased by 7.2% YoY to Rs 549.6 crore as against Rs 512.6 crore posted last year. Margins were down to 20.9% in Q2FY22 from 27.3% posted in Q2FY21. Besides, the CFO Pradip Menon has resigned and will continue in the position till December 20, 2021.
 

Metropolis Healthcare: The company that operates a chain of pathology labs & diagnostic centres has reported a 3.5% YoY decline in consolidated profit at Rs 58.4 crore for the quarter ended September 30, 2021, as against a profit of Rs 60.5 crore posted in the year-ago quarter. Its revenues from operations grew by 5% to Rs 302 crore as against Rs 288 crore posted last year. EBITDA fell by 1.5% YoY to Rs 90.6 crore as against Rs 92.3 crore posted last year. Margins were down to 30% in Q2FY22 from 32% posted in Q2FY21. 
 

Zomato: The Indian multinational restaurant aggregator and food delivery company's consolidated loss has widened to Rs 435 crore for the quarter ended September 30, 2021. The company had reported a consolidated net loss of Rs 230 crore in the year-ago period. However, its revenue grew by 140.4% to Rs 1,024.2 crore against Rs 426 crore posted last year. Its EBITDA loss also widened to Rs 535.8 crore in Q2FY22 as against an EBITDA loss of Rs 122 crore reported in Q2FY21.  Besides, The company bought a 16.1% stake in Samast Technologies Pvt Ltd through compulsory convertible preference share at Rs 371.3 crore. It has also bought a 7.89% stake in BigFoot Retail Solution Pvt Ltd through compulsory convertible preference share at Rs 557.2 crore. In addition, it has plans to invest an additional $1bn over the next 1-2 years.  
 

Jamna Auto Industries: The manufacturer of Tapered Leaf and Parabolic Springs for Commercial Vehicles (CVs) in India has reported a 230.5% YoY rise in the consolidated profit at Rs 27.1 crore for the quarter ended September 30, 2021, as against a profit of Rs 8.2 crore posted in the year-ago quarter. Its revenue from operations grew by 93.4% to Rs 352 crore as against Rs 182 crore posted last year. Its EBITDA grew by 160% to Rs 44.5 crore as against Rs 17.1 crore posted last year. The margin improved to 12.6% in Q2FY22 as against 9.1% posted in Q2FY21.  
 

General Insurance Corporation of India: The state-owned general Insurance company has reported a 490% YoY jump in the consolidated profit at Rs 1,348.2 crore for the quarter ended September 30, 2021, as against a profit of Rs 228.4 crore posted in the year-ago quarter. Its total income grew by 11.4% to Rs 12,845.8 crore as against Rs 11,532.3 crore posted last year. Gross NPA declined to 3.28% in Q2FY22 as against 4.03% posted in Q2FY21. The  Net NPA turned 0% in the period under consideration from 0.31% posted last year.  
 

Dhampur Sugar Mills Ltd: The producer of refined sugar Dhampur Sugar has reported 6.7% YoY decline in the consolidated profit at Rs 26.3 crore for the quarter ended September 30, 2021, as against a profit of Rs 28.2 crore posted in the year-ago quarter. Its revenue from operations dropped by 18.1% to Rs 762.6 crore as against Rs 931 crore posted last year. Its EBITDA fell by 8.4% to Rs 66.1 crore as against Rs 72.2 crore posted last year. The margin improved to 8.7% in Q2FY22 as against 7.8% posted in Q2FY21.  
 

Glenmark Life Sciences: Pharmaceutical company has reported a 58.9% YoY rise in the consolidated profit at Rs 115.2 crore for the quarter ended September 30, 2021, as against a profit of Rs 72.5 crore posted in the year-ago quarter. Its revenue from operations grew by 7.9% to Rs 561.8 crore as against Rs 520.8 crore posted last year. Its EBITDA grew by 31.8% to Rs 167.4 crore as against Rs 127 crore posted last year. The margin improved to 29.8% in Q2FY22 as against 24.4% posted in Q2FY21.  
 

MOIL Ltd.: The Miniratna state-owned manganese ore mining company has reported an 8.3x YoY rise in the consolidated profit at Rs 60.2 crore for the quarter ended September 30, 2021, as against a profit of Rs 7.3 crore posted in the year-ago quarter. Its revenue from operations grew by 1.5% to Rs 311.7 crore as against Rs 307.2 crore posted last year. Its EBITDA grew 12.3x to Rs 81.2 crore as against Rs 6.6 crore posted last year. The margin improved to 26.1% in Q2FY22 as against 2.1% posted in Q2FY21. Besides, the board of the company has also approved a proposal to buy back 3,38,42,668 (3.38 crore) equity shares of the face value of Rs 10 each at a price of Rs 205 per equity share. The buyback offer price is payable in cash for an aggregate consideration not exceeding Rs 690 crore. 
 

Narayana Hrudayalaya: The leading healthcare service provider in India has reported a consolidated profit of Rs 99.4 crore for the quarter ended September 30, 2021, against a loss of Rs 3.4 crore posted in the year-ago quarter. Its revenue from operations grew 56.4% to Rs 940 crore against Rs 601 crore of last year. EBITDA improved 524.4% to Rs 169.6 crore against Rs 27 crore. The margin was 17.9% against 4.5% of the last year. 
 

Birla Corp: A flagship Company of the MP Birla Group has reported a 49% YoY decline in consolidated profit at Rs 85.55 crore for the quarter ended September 30, 2021, as against a profit of Rs 166.62 crore posted in the year-ago quarter. Its revenue from operations grew by 3% to Rs 1,697 crore as against Rs 1,654 crore posted last year. Its EBITDA fell by 30% to Rs 266.42 crore as against Rs 382.79 crore posted last year. The margin contracted to 15.6% in Q2FY22 as against 23.1% posted in Q2FY21. 

Timken India: The ball and roller bearing manufacturer has reported a 59% YoY rise in the consolidated profit of Rs 79.2 crore for the quarter ended September 30, 2021, as against a profit of Rs 49.9 crore posted in the year-ago quarter. Its revenue from operations grew by 42% to Rs 558 crore as against Rs 392 crore posted last year. Its EBITDA grew 47% to Rs 123 crore as against Rs 83 crore posted last year. The margin improved to 22.1% in Q2FY22 as against 21.4% posted in Q2FY21. 

Alembic Pharmaceuticals: United States Food and Drug Administration (USFDA) has conducted an inspection at Alembic Pharmaceuticals' Injectable Facility (F-3) located at Karkhadi from October 28, 2021, to November 10, 2021. The USFDA issued a Form 483 with 10 observations. None of the observations is related to data integrity and management believes that they are addressable.

Maruti Suzuki + Tata Motors 

Maruti Suzuki: Total production declined from 1.82 lakh units to 1.35 lakh units (YoY) in October 2021. Besides, the company has said that it will expand in the SUV Segment and has also started work on the new model

Tata Motors: The company has plans to bring 10 electric vehicles models by FY26 

Power Companies / REC / PFC / Banks: Insolvency and Bankruptcy Code (IBC) also applies to the state government's DISCOMs. Union Power Ministry has said that Corporate Insolvency Resolution Process (CIRP) can also be initiated against the state government's DISCOMs.

Thyrocare: PharmEasy parent API Holdings files papers for Rs 6,250 crore IPO.  

Sanofi India: LIC has bought 2% stakes in the company between December 30, 2020, to date. With this, its stake in the company has increased from 3.07% to 5.11%.