Stocks in Focus on June 14: BHEL, DLF, Sona Comstar, Shyam Metallics to Adani Enterprises; here are the 5 Newsmakers of the Day
The Sensex and the Nifty on Friday, June 11, 2021, logged modest gains to close at all-time highs. Amid positive global cues, the Sensex closed near the 52,500 mark while the Nifty settled around the 15,800 level.
The Sensex and the Nifty on Friday, June 11, 2021, logged modest gains to close at all-time highs. Amid positive global cues, the Sensex closed near the 52,500 mark while the Nifty settled around the 15,800 level. The Sensex at Bombay Stock Exchange climbed 174 points, or 0.33 per cent, to finish at 52,475. The Nifty at the National Stock Exchange also surged 62 points, or 0.39 per cent, to close at 15,799. But certain stocks came in the news after the market was closed. These stocks can impact the indices, when it reopens on Monday, June 14, 2021. List of such five stocks:
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BHEL + DLF + Sun TV
BHEL: The state-owned has reported a standalone loss of Rs 1,033 crore for the quarter ended March 31, 2021 (Q4FY21). It had posted a loss of Rs 1,534 crore in the corresponding quarter of the previous financial year (Q4FY20). Revenue from operations grew 43% to Rs 7,171 crore in the reported quarter compared to Rs 5,049 crore posted last year. EBITDA loss stood at Rs 1,264.3 crore in Q4FY21 compared to an EBITDA loss of Rs 561 crore posted in Q4FY20. In addition, this is the 5th straight quarter of EBITDA Loss and Overall Loss for the company. Other Income dropped 43% to Rs 84 crore. Other expenses increased by 155% to Rs 2,257 crore. Power segment revenue grew 50% to Rs 4,789 crore. Industry segment revenue grew 38% to Rs 1,963 crore.
DLF: The real estate company has reported a consolidated profit YoY of Rs 481 crore for the quarter ended March 31, 2021. It had posted a consolidated loss of Rs 1,858 crore in the corresponding quarter of the previous financial year. Consolidated sales grew 1.1% to Rs 1,713 crore compared to Rs 1,694 crore posted last year. EBITDA stood at Rs 455 crore, up 43.9% from Rs 316 crore posted last year. The margin improved to 26.5% in Q4FY21 compared to Rs 18.6% posted in Q4FY20. Besides, Ashok Kumar Tyagi and Devinder Singh, whole-time directors of DLF, have been appointed as Chief Executive Officers of the company.
Sun TV: The Tamil-language general entertainment channel has reported a 99% YoY rise in the standalone profit at Rs 450 crore for the quarter ended March 31, 2021. It had posted a profit of Rs 250 crore in the corresponding quarter of the previous financial year. The revenues grew 6.4% to Rs 782 crore in the reported quarter compared to Rs 735.2 crore posted last year. The EBITDA stood at Rs 525 crore, up 55.8% from Rs 337 crore posted last year. The margins improved to 67.1% in Q4FY21 compared to 45.8% posted in Q4FY20. Subscription Revenues grew 7% to Rs 428.1 crore compared to Rs 398.8 crore posted last year.
Sona Comstar: The Rs 5,550 crore initial public offering (IPO) of Sona BLW Precision Forgings (Sona Comstar) will open for subscription on Monday, June 16, 2021. The issue, with a price band of Rs 285-291 a share, will close on June 16, 2021. The company has raised Rs 2,500 crore from 42 anchor investors before the IPO opens. The anchor investors include names like GIC Singapore, Axis Mutual Fund, Birla Mutual Fund, HDFC Mutual Fund, SBI Life and Kotak Mutual Fund among others. This is the third-largest IP abhor book ever.
Shyam Metallics: The Rs 909 crore initial public offering (IPO) of Shyam Metallics will open for subscription on Monday, June 14, 2021. The issue price band has been fixed at Rs 303-306 per share. The offer will close on June 116, 2021. The company has raised Rs 270 crore from 22 anchor investors on Friday, ahead of its IPO opens on Monday. The anchor investors include Edelweiss, Kotak Mutual Fund, IIFL, Nippon Life and Abakkus among others.
DHFL: The National Company Law Tribunal (NCLT) has appointed a seven-member monitoring committee for DHFL. The committee will manage the mortgage lender until Piramal Group's resolution plan is implemented. Piramal has tied up with Barclays and Standard Chartered to buy DHFL.
Adani Enterprises: National Securities Depository Ltd (NSDL) has frozen the accounts of three foreign funds, namely Albula Investment Fund, Cresta Fund and APMS Investment Fund, which collectively own shares worth Rs 43,500 crore in four Adani Group companies. Besides, the company has formed a subsidiary, Adani Cement Industries Limited, to foray into the cement business.
Accelya Solutions India:
Plutus Wealth Management LLP bought 7 lakh shares (4.69%) at Rs 1,194.91 per share.
Setu Securities sold 2.50 lakh shares (1.68%) at Rs 1,192.29 per share.
Morgan Stanley Asia Singapore Pte bought 2 lakh shares (0.04%) at Rs 750.8 per share.
Tata AIG Life Insurance Co bought 9.32 lakh shares (0.20%) at Rs 750.8 per share.
Tara Emerging Asia Liquid Fund bought 2.66 lakh shares (0.06%) at Rs 750.8 per share.
Goldman Sachs Invest (Mauritius) bought 3.93 lakh shares (0.08%) at Rs 750.8 per share.
Kuwait Investment Authority bought 4.66 lakh shares (0.10%) at Rs 750.8 per share.
SBI Life Insurance Company bought 19.97 lakh shares (0.43%) at Rs 750.8 per share.
Promoter Ajinkya Investment & Trading Co sold 46.56 lakh shares (1%) at Rs 750.8 per share.
Templeton Strategic Emerging Markets Fund IV LDC sold 3.31 lakh shares (1.15%) at Rs 383.22 per share.
Indiabulls Housing Finance:
Blackrock Emerging Markets Fund INC bought 25.50 lakh shares (0.55%) at Rs 287.84 per share.
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