Stocks in Focus on April 6: IRCON, Tilaknagar Industries, Bajaj Finance, CONCOR to Avenue Supermarts; here are the 5 Newsmakers of the Day
Domestic equity markets fell more than 1.50 per cent on Monday, April 5, 2021. The S&P BSE Sensex slumped 870.51 points or 1.74 per cent to 49,159.32.
Domestic equity markets fell more than 1.50 per cent on Monday, April 5, 2021. The S&P BSE Sensex slumped 870.51 points or 1.74 per cent to 49,159.32. The Nifty 50 index tumbled 229.55 points pr 1.54 per cent to 14,637.80. But certain stocks came in the news after the market was closed. These stocks can impact the indices when it reopens on Tuesday, April 6, 2021. List of such five stocks:
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IRCON International: The board of directors has approved the issuance of fully paid-up bonus shares in the ratio of 1:1 (one fully paid-up equity share for every fully paid-up equity share held). A Free Reserve of Rs 94.05 crore will be utilized for the implementation of the bonus issue.
Tilaknagar Industries: The company has signed an agreement with Pernod Ricard India Private Limited ('PRIPL') to manufacture PRIPL products for PRIPL at the Company's bottling facilities in Maharashtra. The agreement is effective immediately and shall remain valid for 10 years and shall be renewable thereafter by mutual consent. The co-operation could be extended to more states soon. Pernod Ricard India Private Limited (PRIPL) is engaged in the business of manufacture, distribution and sale of alcoholic beverages. Brands that company has are Chivas Regal, The Glenlivet, Imperial Blue, Blenders Pride, 100 Pipers and Absolut Vodka.
Q4FY21 Business Update: Bajaj Finance + Sobha + JSPL + CONCOR + Avenue Supermarts
Bajaj Finance: Consumer financier Bajaj Finance’s asset under management (AUM) rose to 1.53 lakh crore in the Q4FY21 from Rs 1.47 lakh crore posted last year. The company has added 2.3 million new customers in the same period against 1.9 million customers added in Q4FY20. Its total customer franchise stands at 42.6 million. In Q4FY21, it booked 5.5 million new loans down from 6 million loans booked last year in the same period. Its deposit book grew to Rs 21,427 crore in Q4FY21 from Rs 25,800 crore posted in Q4FY20.
SOBHA: Q4-21 has been the best quarter in the history of the company on all the operational parameters. Its new sales in Q4FY21 increased to 1.33 million square feet compared to 0.9 million square feet in the corresponding period last year. Total sales value grew 54% to Rs 1,072 crore in the reported quarter against Rs 694.5 crore posted in Q4FY20. The average realization grew 4.5% to Rs 8,014 crore against Rs 7,668 crore posted last year. Sales volume achieved by Bengaluru, Gurugram, Pune and Kochi regions is the highest ever.
JSPL: The steel producer has reported record sales in Q4FY21. Its sales during the quarter rose to 1.91 million tonnes (MT) from 1.39 MT a year ago. The company produced 2.07 MT of steel, compared to 1.54 MT in the year-ago quarter. A combination of robust domestic demand, attractive export markets (accounting for 38% of sales) and a wide range of products have all contributed to JSPL reporting the steepest rise in monthly sales in FY21.
CONCOR: Total volumes in the March quarter grew 12.5% to 10.58 lakh Twenty-Foot Equivalent Units (TEU) from 9.41 lakh TEUs posted last year.
Avenue Supermart: Avenue Supermart, which runs the DMart supermarkets chain, standalone revenue from operations for the fourth quarter of the financial year 2020-21 (Q4FY21) stood at Rs 7,303.13 crore as compared to Rs 6,193.53 crore reported in Q4FY20. The company added 22 new stores in FY21 and the total stores of the company as of March 31, 2021, stood at 234.
BSE/ MCS/CDSL/AMCs/ Brokerages in Focus: Maharashtra government in a notification gave some relief to those working in the stock and commodity markets. The notification provides conditional relief to in lockdown to business that falls under the ambit of SEBI. The conditional relief includes getting the employees vaccinated or an RTPCR report of 15 days validity is a must if the employee is not vaccinated. If not vaccinated or doesn’t possess an RTPCR then a fine of Rs 1,000 will be slapped on the employee. Entities that fall under SEBI can keep their offices open between 7 am to 8 pm from Monday-Friday. Similar conditional exemptions are applicable for the institutions that are functional under RBI. NBFCs, MFIs, NPCI, Primary Dealers have also granted the relief. Strict relief to custom agents, transporters of pharmaceutical companies too. People with valid tickets can be able to come to Airport, bus and railway stations.
Godrej Agrovet + GMR Infra + Asian Granito
Godrej Agrovet: Promoter Godrej Industries bought 1.15 lakh shares from the open market. With this, the promoters' stake in the company has increased from 70.64% to 70.70%.
GMR Infrastructure: Promoter GMR Enterprises bought 1.65 crore shares (0.27% equity).
Asian Granito: The promoter has converted 1.33 lakh warrants into equity at Rs 135 per share.
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