At the stock markets, the equity markets fell more than 0.70 per cent on Wednesday, October 20, 2021. The BSE Sensex plunged 456.09 points, or 0.74%, to trade at 61,259.96. The NSE Nifty also fell 152.15 points, or 0.83%, to trade at 18,266.60. But certain stocks came in the news after the market was closed. These stocks can impact the indices when it reopens on Thursday, October 21, 2021. List of such five stocks:

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Havells India + L&T Finance Holding + Syngene + Tata Steel Long Products

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Havells India: The electrical equipment company Havells India has reported a 7% YoY drop in profits on a standalone basis at Rs 302 crore for the quarter ended September 30, 2021. It posted a profit of Rs 325 crore in the year-ago quarter. Its revenue from operations grew 31% YoY to Rs 3,221 crore as against Rs 2,452 crore posted last year. EBITDA stood at Rs 443 crore, up 5% YoY, from Rs 421 crore posted last year. The Margin contracted to 13.76% in Q2FY22 as against 17% posted in Q2FY21. Segment Growth YoY 

- Switchgear +20% 

- Cable +46% 

- Lightings +34% 

- ECD +26% 

- Lloyd +22% 

- Advertisement spending rose by 74% YoY 

- Lighting is the only segment where margins expanded from 20% to 22% 

- Cost inflation remains a concern though management is confident on demand 

- Lloyd remains a laggard due to increased competition. 

L&T Finance Holding: The company has reported a 10.4% YoY drop in consolidated profit at Rs 223 crore for the quarter ended September 30, 2021. It had posted a profit of Rs 248 crore in the year-ago quarter. Its net interest income (NII) grew 6% to Rs 1,610 crore as against Rs 1,519 crore posted last year. Total income dropped to Rs 3,052 crore in the period under consideration as against Rs 3,408 crore posted in the same quarter of last financial year. Its gross non-performing assets (GNPA) fell to 5.74% in Q2FY22 as against 5.75% posted in Q1FY22. The net non-performing assets (NNPA) were at 2.81% in September 2021, up from 2.07% in June 2021. Total loan growth was down 12%, mainly due to Real estate and infra lending book, while rural finance grew by 7%. In Q2FY22, all LTFH businesses witnessed robust disbursement momentum. Rural Finance business saw the highest ever Q2 disbursement at Rs 4,987 crore, up 51% QoQ.

Syngene: The company has reported a 21% YoY drop in the consolidated profit at Rs 66.7 crore for the quarter ended September 30, 2021. It had posted a profit of Rs 84.1 crore in the year-ago quarter. Its revenue from operations grew 17% YoY to Rs 610 crore as against Rs 519.6 crore posted last year. EBITDA stood at Rs 177.2 crore, up 14% YoY, from Rs 155.7 crore posted last year. Margin stood at 29% in Q2FY22 as against 30% posted in Q2FY21. The company has reported an exceptional loss of Rs 30.7 crore.

Tata Steel Long Products: The manufacturer of high alloy steel has reported a 128% YoY rise in the consolidated profit of Rs 134.5 crore for the quarter ended September 30, 2021. It had posted a profit of Rs 59 crore in the year-ago quarter. Its revenue from operations grew 38% YoY to Rs 1,637 crore as against Rs 1,186 crore posted last year. EBITDA stood at Rs 241.8 crore, up 31.8% YoY, from Rs 183.4 crore reported last year. It reported a margin of 14.8% in Q2FY22 as against 15.4% posted in Q2FY21. 

Tata Communication + Tejas Network + Just Dial

Tata Communication: The telecommunications company has reported an 11% YoY rise in the consolidated profit at Rs 426.5 crore for the quarter ended September 30, 2021. It had posted a profit of Rs 384.8 crore in the year-ago quarter. Its revenue from operations dropped 5% YoY to Rs 4,174 crore as against Rs 4,401 crore posted last year. EBITDA stood at Rs 1,112.8 crore, down 4% YoY, from Rs 1,157 crore reported last year. It reported a margin of 26.7% in Q2FY22 as against 26.3% posted in Q2FY21. 

Tejas Network: The manufacturer of optical and data networking products has reported an 18% YoY drop in the consolidated profit of Rs 3.7 crore for the quarter ended September 30, 2021. It had posted a profit of Rs 4.5 crore in the year-ago quarter. Its revenue from operations grew 57% to Rs 172.8 crore as against Rs 110 crore posted last year. EBITDA stood at Rs 18.4%, up 99% YoY, from Rs 9.2 crore posted last year. The margin grew to 10.6% in Q2FY22 as against 8.4% posted in Q2FY21. Other Income dropped to Rs 4.2 crore in the period under consideration as against Rs 8.1 crore posted in Q2FY21. 

Just Dial: The internet technology company has reported a consolidated profit of Rs 32.9 crore for the quarter ended September 30, 2021, as against a consolidated loss of Rs 3.5 crore posted in the previous quarter ended June 30, 2021. Revenue from operations declined 6% YoY to Rs 156 crore as against Rs 165.4 crore posted in June 2021. EBITDA profit stood at Rs 16 crore in Q2FY22 as against an EBITDA loss of Rs 17.2 crore posted in Q1FY22. 

Bandhan Bank: Bandhan Financial Holdings, reportedly, has plans to buy 51% stakes in Future Generali India Life Insurance Company, a three-way joint venture between the Future Group, Industrial Investment Trust (IIT) and Italian insurance and asset management giant Generali. Future Group holds 34% stakes in the company, while Industrial Investment Trust and Generali hold 17% and 49% stakes, respectively. 

Dhani Services + PNB Housing  

Dhani Services: The board of Dhani Services Ltd. has approved an equity fundraising plan worth Rs 1,200 crore by way of preferential issue of shares to General Catalyst and others. It will offer 6.12 crore fully paid-up equity shares (equivalent to a 9.12% stake in the company) at an issue price of Rs 196 per equity share. It will raise Rs 1,200 crore by five investors namely General Catalyst (Rs 375 crore), DH-S Ribbit Cayman (Rs 150 crore), TIMF Holdings (Rs 225crore), First Royalty Venture (Rs 75 crore) & Zelkova Builders Pvt Ltd (Rs 375 crore). Besides, Jasmine Capital Investments Pte. Ltd has sold 1.95% stakes in the company between July 15 and October 19, 2021. In addition, the board has also approved the appointment of Mr. Anish Williams, Chief Product Officer of Dhani, as a Whole-time Director and Key Managerial Personnel of the Company, w.e.f. October 21, 2021, for five years. Mr. Anish Williams is presently a Non-Executive Director of the Company w.e.f. December 20, 2020. Pls. refer attachment.

PNB Housing: The Board of Directors of the Company is scheduled to meet on November 02, 2021, to consider and approve unaudited financial results for the quarter and half year ended September 30, 2021. It will also consider the issuance of non-convertible debentures on a private placement basis of Rs 2,000 crore.

Fund Action  

Ineos Styrolution: Nippon Life India sold 0.28% stakes of the company on October 18, 2021.   
 

Varroc Engineering: HDFC Mutual Fund bought 0.58% stakes of the company on October 19, 2021. With this stake purchase, HDFC Mutual Fund's stakes in the company have increased from 4.53% to 5.11%. 
 

Prince Pipes and Fittings: South Asia Growth Fund II Holdings LLC sold 22.12 lakh equity shares in the company via open market transactions, reducing shareholding to 3.65% from 5.66% earlier. (The stock is on the ban list).