Stocks in Focus on June 23: NMDC, BEL, India Pesticides, Wabco India to PNB Housing; here are the 5 Newsmakers of the Day
S&P BSE Sensex gained 14.25 points, or 0.03 per cent, to close at 52,588.71. The Nifty at the National Stock Exchange also rose 26.25 points, or 0.17 per cent, to settle at 15,772.75. But certain stocks came in the news after the market was closed. These stocks can impact the indices, when it reopens Wednesday. See list of such five stocks here
The equity markets added marginally amid positive cues from global equity markets on Tuesday, June 22, 2021. The S&P BSE Sensex gained 14.25 points, or 0.03 per cent, to close at 52,588.71. The Nifty at the National Stock Exchange also rose 26.25 points, or 0.17 per cent, to settle at 15,772.75. But certain stocks came in the news after the market was closed. These stocks can impact the indices, when it reopens Wednesday, June 23, 2021. List of such five stocks:
NMDC + BEL
NMDC: The iron ore company has reported 8 times YoY rise in the profit at Rs 2,838 crore for the quarter ended March 31, 2021. It had posted a profit of Rs 351.5 crore in the corresponding quarter of the previous financial year. Revenue from operations grew 115% to Rs 6,848 crore compared to Rs 3,187 crore posted last year. EBITDA stood at Rs 4,243 crore, up 185% from Rs 1,491 crore posted last year. The margin improved to 61.95% in Q4FY21 compared to 46.8% posted in Q4FY20. Other income stood at Rs 85 crore compared to Rs 133 crore posted last year. The Q4FY21 was the best quarter for NMDC since inception. Domestic Realization stood at Rs 5,941/ton, up 71% YoY against Rs 3,473/ton. On a quarter-on-quarter basis, the domestic realization grew 35% from Rs 4,402/ton posted in the December quarter.
BEL: The state-owned Aerospace and Defence Electronics Company reported a 30.6% YoY rise in the standalone profit at Rs 1,352 crore for the quarter ended March 31, 2021. It had posted a profit of Rs 1,035 crore in the corresponding quarter of the previous financial year. The sales grew 18.9% YoY to Rs 6.908 crore in the reported quarter as compared to Rs 5,806 crore posted last year. EBITDA stood at Rs 1,971 crore, up 32.9% from Rs 1,483 crore posted last year. The margin improved to 28.5% in Q4FY21 compared to 25.5% posted in Q4FY20. The board has announced a final dividend of Rs 1.20 per equity share for FY21.
India Pesticides + Wabco India
India Pesticides: India Pesticides’ Rs 800 crore initial public offering (IPO) will open for subscription today, i.e. June 23, 2021. The issue will close on June 25, 2021. The company has fixed the price band of the issue at Rs 290-296 per share. The company has raised Rs 240 crore from anchor investors a day before the public issue opens. The anchor investors include SBI Mutual Fund (27.08%), Nippon Life (16.67%),
Abu Dhabi Investment (12.50%), Winro Commercial (India) Ltd (12.71%), Bajaj Alliance Life (6.25%) among others.
Wabco India: Promoter ZF international UK has plans to offload its stakes in Wabco India through Offer for Sale (OFS). It will sell 6.5 lakh shares (5 lakh shares as base issue and 1.50 lakh shares as greenshoe option). It has set a floor price of Rs 6,550 per share (at a discount of 5.9% at a CMP of Rs 6,960). The OFS will open for non-retail investors today and it will open for retail investors tomorrow. 10% of the OFS is reserved for retail investors.
United Breweries: The Competition Commission of India (CCI) has paved the way for the acquisition of additional equity shareholding of United Breweries Limited by Heineken International BV (HIBV). The proposed transaction relates to HIBV’s potential acquisition of additional equity stake up to a maximum of approximately 14.99% shareholding in UBL, it said.
PNB Housing: Punjab National Bank at the EGM vetoed the mortgage lender’s planned fundraising plan by Carlyle Group. It would propose an alternative plan to raise capital. SEBI and minority shareholders have raised concerns related to the fundraising plan.
CDSL: PPFAS MF bought 15.9 lakh shares at Rs 937.34 per share. HDFC Bank sold 19.8 lakh shares at Rs 936.39 per share. HDFC Bank has sold 185 crore shares of the company.
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