Stocks in Focus on May 4: Tata Chemicals, L&T Technologies, Micro Finance Institutions, Sugar Stocks to Tata Metaliks; here are the 5 Newsmakers of the Day
Domestic stocks markets displayed a good recovery to end mixed on Monday, April 3, 2021. The Sensex at the Bombay Stock Exchange ended with a slight decline of 64 points, or 0.1 per cent, to end at 48,719. But the Nifty at the National Stock Exchange gained just 3 points, to 14,634.
Domestic stocks markets displayed a good recovery to end mixed on Monday, April 3, 2021. The Sensex at the Bombay Stock Exchange ended with a slight decline of 64 points, or 0.1 per cent, to end at 48,719. But the Nifty at the National Stock Exchange gained just 3 points, to 14,634. But certain stocks came in the news after the market was closed. These stocks can impact the indices, when it reopens on Tuesday, May 4, 2021. List of such five stocks:
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Tata Chemicals + L&T Technologies
Tata Chemicals: The chemicals company has reported a 93.6% year-on-year decline in consolidated profit at Rs 11.8 crore for the quarter ended March 31, 2021. The consolidated profit of the company stood at Rs 184.7 crore in the corresponding period of the previous fiscal. Consolidated revenue rose by 10.9% to Rs 2,636.2 crore during the quarter under review compared to Rs 2,375 crore posted last year. The EBITDA fell 29.4% to Rs 282.5 crore against Rs 400.2 crore posted last year. The margin contracted to 10.7% in Q4FY21 against 16.8% posted in Q4FY20.
L&T Technology Services (LTTS): The Vadodara-based engineering services company has reported a 4.6% quarter-on-quarter rise in consolidated profit at Rs 194.5 crore for the quarter ended March 31, 2021. It posted a profit of Rs 186 crore in the previous quarter ended December 31, 2021. Consolidated revenue from operations rose by2.8% to Rs 1,440.5 crore compared to Rs 1,401 crore posted in the previous quarter. In dollar terms, the revenue grew 3.9% to USD 19.75 crore from USD 19 crore posted in the previous quarter. EBIT stood at Rs 239. 1 crore, up 12.3%, from Rs 213 crore posted in the previous quarter. EBIT margin improved to Rs 16.6% in Q4FY21 against 15.2% posted in Q3FY21. Besides, the management in its commentary has provided guidance of 14-15% revenue growth in FY22. LTTS won 6 deals with TCV of USD 10 million-plus, which includes two USD 25 million-plus deal. The board has declared a dividend of Rs 14.5 per share.
Apollo Tricoat + Home First Finance + TBZ
Apollo Tricoat Tubes: The steel pipe and tube manufacturer has reported 2.1 times jump in the consolidated profit at Rs 34.3 crore for the quarter ended March 31, 2021, as against Rs 11.1 crore posted during the previous quarter ended March 2020. Consolidated revenue rose 104% to Rs 467.9 crore against Rs 228.9 crore posted last year. EBITDA stood at Rs 50.7 crore, up 108% YoY, from Rs 24.4 crore posted last year in the same period. The margin remained almost flat at 10.8% in Q4FY21 from 10.7% in Q4FY20.
Home First Finance: The housing finance company has reported 1.5 times YoY jump in profits at Rs 31.2 crore for the quarter ended March 31, 2021. It had posted a net profit of Rs 12.5 crore in the same quarter of the last fiscal year. Net interest income rose 15.8% to Rs 54.9 crore in the quarter in consideration of Rs 47.4 crore posted last year. Asset under management (AUM) registered a growth of 14.4% to Rs 4,141 crore against Rs 3,618 crore posted last year.
Tribhovandas Bhimji Zaveri (TBZ): Jewellery firm Tribhovandas Bhimji Zaveri has reported 2.4 times YoY jump in consolidated profit at Rs 9.4 crore for the quarter ended March 31, 2021. It had posted a profit of Rs 2.8 crore in the same quarter of the previous fiscal year. Consolidated revenue from operations rose by 6.9% to Rs 366.1 crore against Rs 341.5 crore posted last year EBITDA fell 6.55% to Rs 21.5 crore in the fourth quarter of 2020-21 from Rs 23 crore in the year-ago period. The margins contracted to 5.9% in Q4FY21 from 6.7% posted in Q4FY20.
ICICI Bank + MFIs
ICICI Bank: The Reserve Bank of India (RBI) on Monday imposed a monetary penalty of Rs 3 crore on ICICI Bank for certain rule violations. The penalty has been imposed for contravention of certain directions issued by the RBI on ‘Prudential Norms for Classification, Valuation and Operation of Investment Portfolio by Banks’, the central bank said in a release.
MFI Companies: The Reserve bank of India Governor, Shaktikanta Das on Monday met managing directors (MD) and Chief Executive officers (CEOs) of Non-Banking Financial Company-Micro Finance Institutions (NBFC-MFIs) via video conferencing. At the meeting, the governor advised NBFC-MFIs to strengthen their IT systems in the interest of the institutions and their customers. The other matters discussed at the need includes assessment of the current economic situation, credit flows to borrowers of MFIs, outlook on potential stress on balance sheets of NBFC-MFIs and liquidity scenario.
Sugar Stocks + Uttam Sugar
Sugar Stocks in focus: Sugar production increased by 16% this year. A total of 299.15 lakh tonnes of sugar production was recorded by April 30, 2021.
Uttam Sugar: The company has successfully set up and implemented the "Incineration Boiler" at the Distillery unit (Barkatpur) of the Company. This will result in an increase in the Distillery capacity of the Company from 450 Lakh BL p.a. to 540 Lakh BL p.a.
Tata Metaliks: HDFC Mutual Fund sold 1.8 lakh shares at 1254.57 per share. EAM Emerging Markets Small Cap bought 1.67 lakh shares at 1179.42 per share. First State Superannuation Scheme bought 1.91 lakh shares at 1179 per share. Stocks in Focus on May 4: Tata Chemicals, L&T Technologies, Micro Finance Institutions, Sugar Stocks to Tata Metaliks; here are the 5 Newsmakers of the Day
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