The Sensex and the Nifty on Tuesday, July 20, 2021, fell more than half a per cent. Both stocks declined in sync with the fall in the other Asian equity markets. The S&P BSE Sensex dropped 354.89 points or 0.68 per cent at 52,198.51. The Nifty 50 index slipped 120.3 points or 0.76 per cent to close at 15,632.10. But certain stocks came in the news after the market was closed. These stocks can impact the indices, when it reopens on Thursday, July 22, 2021. List of such five stocks:

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Bajaj Finserv + Havells + Jubilant FoodWorks 

Bajaj Finserv: The financial services company has reported a 31.5% YoY decline in the consolidated profit at Rs 832.77 crore for the quarter ended June 31, 2021. It had posted a profit of Rs 1,215.5 crore in the corresponding quarter of the last financial year. Consolidated revenue from operations fell 1.7% to Rs 13,949.5 crore compared to Rs 14,192 crore posted last year.

- Bajaj Allianz General Insurance PAT Rs 362 crore VS Rs 392 crore

- Bajaj Allianz life insurance PAT Rs 84 crore vs Rs 130 crore

- Spread of COVID Affected operations in many states

- Sales of consumer durables and motor vehicles affected

- Risks remain elevated in the quarter

Besides, Bajaj Finserv Limited will invest Rs. 342 Crore in Bajaj Finserv Direct Limited, wholly-owned subsidiary of the Company. Bajaj Finance will invest Rs 284 crore. The investments would be in the form of Equity shares and/or Convertible Loans or Security into Equity Shares. Also, Bajaj Finserv will enter Asset Management Business soon. It has applied for a license to start an asset management company and is awaiting approval from SEBI.

Havells: Consumer electrical goods maker Havells India Ltd has reported a 269% YoY rise in the profits on a standalone basis at Rs 234 crore for the quarter ended June 30, 2021. It had posted a profit of Rs 63 crore in the same quarter of the last financial year. The Revenue grew 76% YoY to Rs 2,598 crore compared to Rs 1,479 crore posted last year. EBIDTA stood at Rs 353 crore, up 169% YoY from Rs 131 crore posted last year. The margin improved to 13.57% in Q1FY22 as against 8.86% in Q1FY21.

REVENUE GROWTH (YoY) 

- SWITCHGEAR 96%  

- CABLE 75% 

- LIGHTING & FIXTURES 52% 

- ECD 91% 

Jubilant FoodWorks: The food service company that operates QSR chains such as Domino’s Pizza and Dunkin Donuts has reported a profit of Rs 62.6 crore on a standalone basis for the quarter ended June 30, 2021. It had posted a loss of Rs 72.6 crore in the corresponding quarter of the previous financial year. Revenues from operation grew 131% to Rs 878 crore in the reported quarter as against Rs 380.3 crore posted last year. The EBITDA stood at Rs 211.5 crore, up 778% from Rs 24.1 crore posted last year in the same quarter. The EBITDA margins improved to 24.1% in Q1FY22 as against 6.3% posted in Q1FY21. The company has reported an exceptional loss of Rs 5.6 crore in the quarter. SSSG 114.2% v/s -61.4% YoY v/s 11.8% QoQ and Delivery channel growth stood at 123.7%. During the quarter, Jubilant Food added 29 stores, which includes 20 new Domino’s stores.

ICICI Securities + Gland Pharma + CEAT + Polycab 

ICICI Securities: The capital market company has reported a 61.1% YoY rise in the consolidated profit at Rs 311 crore for the quarter ended June 30, 2021. It had posted a profit of Rs 193 crore in the corresponding quarter of the previous financial year. Sales on the consolidated basis grew 36% to Rs 745 crore compared to Rs 546 crore posted last year. EBITDA stood at Rs 470 crore, up 58.7% YoY from Rs 296 crore posted last year. The margin improved to 63% in Q1FY22 from 54% posted in Q1FY21.

Gland Pharma: The pharma company has reported a 12% YoY rise in the consolidated profit at Rs 351 crore for the quarter ended June 30, 2021. It had posted a profit of Rs 314 crore posted in the corresponding quarter of the last financial year. Sequentially, the PAT grew 35% as it posted a profit of Rs 260 crore in the previous quarter ended March 31, 2021. Revenue from operations grew 31% YoY to Rs 1,154 crore compared to Rs 884 crore posted last year. On a sequential basis, the revenue went up 30% from Rs 888 crore posted in the previous quarter. EBITDA stood at Rs 436 crore, up 6% compared to Rs 412 crore posted last year. EBITDA went up 33% QoQ from Rs 328 crore posted in the previous quarter. Margin dropped to 37.8% in Q1FY22 compared to 46.7% posted in Q1FY21. Margin improved marginally sequentially as the company posted a margin of 37% in Q4FY22. The company in a statement said that it is on track for the Sputnik Vaccine.

CEAT: The tyre company has reported a consolidated profit of Rs 23 crore for the quarter ended June 30, 2021. It had posted a consolidated loss of Rs 35.2 crore in the corresponding quarter of the previous financial year. Revenue from operations grew 70.2% YoY to Rs 1,906 crore compared to Rs 1,120.2 crore posted last year. EBITDA stood at Rs 166.2 crore, up 62.9% from Rs 102 crore posted last year. Margin dropped marginally to 8.7% in Q1FY22 compared to 9.1% posted in Q1FY20. Q1FY21 had an exceptional loss of Rs 21.8 crore.

Polycab: The manufacturers of cables and wires and allied products have reported a 35.9% YoY decline in the consolidated profit after tax at Rs 75.3 crore for the quarter ended June 30, 2021. It had posted a profit of Rs 117.5 crore posted in the corresponding quarter of the previous financial year. However, the profit before tax grew 151% YoY to Rs 98.2 crore compared to Rs 39.1 crore posted last year. Consolidated revenue from operations grew 92.6% YoY to Rs 1,880.5 crore compared to Rs 976.6 crore posted last year. EBITDA stood at Rs 139.3 crore. up 142.3% YoY from Rs 57.5 crore posted last year. Margin improved to 7.4% in Q1FY22 from 5.95% posted in Q1FY21.

ITC: Government reportedly has plans to offload 7.93% of its stake in FMCG-hospitality-cigarette major ITC through Special Undertaking of the Unit Trust of India (SUUTI) as it looks to meet the ambitious disinvestment target of Rs 1.75 lakh crore for 2021-22. At the current valuation, the SUUTI value stands at Rs 20,185 crore.

IDFC/IDFC First Bank: The Reserve Bank of India had allowed IDFC to exit the IDFC First Bank. IDFC Limited can exit as the promoter of 'IDFC FIRST Bank Limited. Accordingly, the company can now exit as a promoter of IDFC First Bank, as the five year lock-in period has ended.

Bulk Deals

Just Dial: Promoter VS Mani sold 13.06 lakh shares @ 1020 (20.97% EQUITY). Reliance Retail Ventures Limited bought 13.06 lakh shares @ 1020 (20.97% EQUITY). Reliance Retail Ventures Limited bought 34.22% stakes of Just Dial between July 16, 2021, and July 20, 2021.

Jubilant Ingrevia: East Bridge Capital Master Fund Sold 38.2 Lakh Shares on (2.40% Stake). Reduces Holding From 8% to 5.61%.
Kirloskar Industries: India Capital Management Limited sold 48,739 Shares @ Rs 1701.29/ Share.