Declining for the fourth day in a row on October 22, 2021, the benchmark S&P BSE Sensex fell by 101.88 points, or 0.17%, to end the day at 60,821.62. Despite opening on the higher side and touching a high of 61,420, the index failed to sustain the momentum and decline following mixed cues from global markets. The National Stock Exchange too ended on the lower note. The NIFTY slid by 63.20points, or 0.35%, to close at 18,114.90. But certain stocks came in the news after the market was closed. These stocks can impact the indices when it reopens on Monday, October 25, 2021. List of such five stocks:

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Reliance Industries + Tata Consumer Products + ICICI Bank + MCX + Crompton Greaves

Reliance Industries: Energy-to-telecom behemoth Reliance Industries Limited (RIL) has reported a 12.11% QoQ rise in the consolidated profit at Rs 15,479 crore for the quarter ended September 30, 2021. It had posted a profit of Rs 13,806 crore in the previous quarter ended June 30, 2021. Its revenue from operations grew 19.8% to Rs 1,67,611 crore as against Rs 1,39,949 crore posted in the previous quarter. EBITDA grew 11.35% to Rs 26,020 crore as against Rs 23,368 crore posted in the June quarter. Margins fell to 15.5% in Q2FY22 as against 16.7% posted in Q1FY22.

- Jio, QoQ 

Meanwhile, RIL's telecom arm Jio reported a 2.1% QoQ rise in the profits at Rs 3,728 crore in the period under consideration as against Rs 3,651 crore posted in the previous quarter. Telecom arm's revenue from operations grew 4.2% QoQ to Rs 19,777 crore as against Rs 18,952 crore posted in the previous quarter. EBITDA grew 4.5% in the reported quarter at Rs 9,294 crore as against Rs 8,892 crore posted in the June quarter. Margins remained almost flat at 47% in Q2FY22 as against 46.9% posted in Q1FY22. The average revenue per user (ARPU) stood at Rs 143.6 per subscriber per month against Rs 138.4 per subscriber posted in the previous quarter.

- Retail, YoY 

Reliance Retail delivered a strong performance as its revenue from operations grew 9.2% YoY to Rs 39,926 crore in the quarter ended September 30, 2021. It had posted a revenue of Rs 36,566 crore in the year-ago quarter. EBITDA grew 45.2% YoY to Rs 2,913 crore in the reported quarter as against Rs 2,006 crore posted last year. Margins grew to 7.3% in Q2FY22 as against 5.5% posted in Q2FY21.

- Oil-To-Chemicals Business, QoQ 

The O2C business has registered a 16.7% QoQ rise in the revenue from operations at Rs 1,20,475 crore in September 2021 quarter. It had posted a revenue of Rs 1,03,212 crore in the previous quarter. EBITDA grew 4% QoQ to Rs 12,720 crore as against Rs 12,231 crore posted in the previous quarter. Margins contracted to 10.5% in Q2FY22 as against 11.9% posted in Q1FY22. 

Tata Consumer Products: Fast-moving consumer goods company has reported a 4.2% YoY rise in the consolidated profit at Rs 268 crore for the quarter ended September 30, 2021. It had posted a profit of Rs 257.1 crore in the year-ago quarter. Its revenue from operation grew 9% to Rs 3,033.1 crore as against Rs 2,781.3 crore posted last year. EBITDA grew 3.4% to Rs 413.3 crore in the period under consideration as against Rs 399.6 crore posted last year. Margins stood at 13.6% in Q2FY22 as against 14.4% posted in Q2FY21. 

- India beverage

 Revenue from operations grew 14.25% to Rs 1,265.9 crore in the quarter ended September 30, 2021. Its revenue stood at Rs 1,108 crore in the year-ago quarter. EBIT grew 17.2% to Rs 169.7 crore as against Rs 144.7 crore posted last year. Margins stood at 13.4% in Q2FY22 as against 13.1% in Q2FY21. There was a volume growth of 2% in the reported quarter as against 11% posted last year.

 - India Foods 

Revenue from operations grew 22.7% to Rs 712.2 crore in the quarter ended September 30, 2021, as against Rs 580.3 crore posted in the year-ago quarter. EBIT declined 19.5% to Rs 74.8 crore in the reported quarter as against Rs 93 crore posted last year. Margins contracted to 10.5% in Q2FY22 as against 16% posted in Q2FY21. There was a volume growth of 16% in the period under consideration as against 6% posted last year.

 - International Business 

Revenue from operations dropped 3.8% to Rs 781.3 crore in the quarter ended September 30, 2021, as against Rs 812.5 crore posted in the year-ago quarter. EBIT improved by 4.2% to Rs 109.7 crore as against Rs 105.3 crore posted last year. Margins stood at 14% in Q2FY22 as against 13% posted in Q2FY21. 

ICICI Bank: Country's second-largest private sector lender has reported a 30% YoY rise in the profit at Rs 5,511 crore for the quarter ended September 30, 2021. It had posted a profit of Rs 4,251 crore posted in the year-ago quarter. Net interest income, the difference between interest earned and interest expenses, grew by 25% YoY to Rs 11,690 crore as against Rs 9,366 crore posted last year. The bank had provisions and contingencies at Rs 2,714 crore as of September 2021, declining 9% YoY as against Rs 2,995 crore. Net interest margin (NIM) stood at 4 per cent in Q2FY22 as against 3.6% posted last year. In addition, ICICI Bank continued to hold COVID-19 provisions of Rs 6,425 crore as of September 2021, the same level as of June 2021. Total advances (loan) grew by 17% YoY and Domestic loan portfolio grew by 19%. Gross non-performing assets (GNPA) stood at 4.82% in Q2FY22 as against 5.15% posted in Q1FY22 while net non-performing assets (NNPA) stood at 0.99% in the reported quarter as against 1.16% posted in Q1FY22. The lender's restructured book stands at Rs 9,684 crore. ICICI Bank UK repatriates $200 million capital to parent firm in India. 

MCX: Multi Commodity Exchange of India Ltd (MCX) has reported a 44.2%YoY decline in consolidated net profit at Rs 32.7 crore for the quarter ended September 2021. Its net profit stood at Rs 58.6 crore in the year-ago period. Revenue from operations declined 30.7% YoY to Rs 83 crore as against Rs 119.7 crore posted last year. EBIT dropped 55.4% to Rs 27 crore as against Rs 60.5 crore posted last year. Margins contracted to 32.5% in Q2FY22 as against 50.5% posted in Q2FY21. 
Crompton Greaves Consumer: Consumer products company has reported a 24% YoY rise in the consolidated profit at Rs 170 crore for the quarter ended September 30, 2021. It had posted a profit of Rs 137 crore in the year-ago quarter. Its revenue from operations grew 14% YoY to Rs 1,385 crore as against Rs 1,198 crore posted last year. EBITDA grew 15% to Rs 214 crore as against Rs 186 crore posted last year. Margin contracted to 15% in Q2FY22 as against 16% posted in Q2FY21. Segment Growth 

- ECD: 18% YoY 

- Lighting Prod.: 8% 

Tata Elxsi + Tatva Chintan Pharma + Gland Pharma + ABB Power

Tata Elxsi: The world's leading provider of design and technology services has reported a 10.5% QoQ rise in the profit at Rs 125.3 crore for the quarter ended September 30, 2021. It had posted a profit of Rs 113.4 crore in the previous quarter ended June 30, 2021. Its revenue from operations grew 6.6% QoQ to Rs 595.3 crore in the period under consideration as against Rs 558.3 crore posted in June 2021 quarter. EBITDA grew 13.3% to Rs 183.6 crore in the reported quarter as against Rs 162 crore posted in the previous quarter. Margins improved to 30.84% in Q2FY22 as against 29% posted in Q1FY22. 

Tatva Chintan Pharma: The specialty chemical manufacturer has reported 9.3 times YoY rise in the profits at Rs 32.4 crore for the quarter ended September 30, 2021. It had posted a profit of Rs 3.5 crore in the year-ago quarter. Its revenue from operations grew 2.06 times to Rs 123.6 crore as against Rs 60 crore posted last year. EBITDA stood at Rs 35.8 crore, up 56.6 times, as against Rs 6.4 crore posted last year. Margin improved to 29% in Q2FY22 as against 10.7% posted in Q2FY21. 

Gland Pharma: Drug firm Gland Pharma has reported a 38% YoY rise in the consolidated profit at Rs 302 crore for the quarter ended September 30, 2021. It had posted a profit of Rs 218.9 crore in the year-ago quarter. Its revenue from operations grew 30% to Rs 1,080.5 crore in the reported quarter as against Rs 831.5 crore posted last year. EBITDA grew 26.5% YoY to Rs 376.5 crore as against Rs 297.7 crore posted last year. The margins fell to 34.85% in Q2FY22 as against 35.8% posted in Q2FY21.

ABB Power: The company has reported a 620% YoY rise in the profit at Rs 34.3 crore for the quarter ended September 30, 2021. It had posted a profit of Rs 4.8 crore in the year-ago quarter. Its revenue from operations dropped 9% YoY to Rs 848.6 crore as against Rs 933.2 crore posted last year. EBITDA down by 12.5% to Rs 73.2 crore as against Rs 83.7 crore posted last year. Its margin is down to 8.6% in Q2FY22 as against 9% posted in Q2FY21. In the base quarter, there was an Exceptional Provision of Rs 60.5 cr 

Asian Paints: There is an allegation related to related party transactions (RPTs) carried out by the promoters of Asian Paints Ltd. (APL) that allegedly benefited them at the cost of the company’s shareholders. The whistle-blower has informed SEBI that promoter Ashwin Dani has used Asian Paints money to buy Paladin Paints and Chemicals (PPC). The whistle-blower has alleged that Asian Paints in addition to his salary to Chief of Technology Jairam Nadkarni has paid additional money to him. Nadkarni owned a 100% stake in Paladin Paints. It is alleged that this payment was related to the acquisition of Paladin Paints, which was later transferred to a separate holding company. It is alleged that the holding company of Paladin Paints is owned by the Dani family. The company in its clarification in response to a news item published in ‘Hindu Business Line’ has said that the Company had entered into a technical consultancy agreement with one Mr. Jayram Nadkarni (ex-employee of the Company) and Paladin Paints and Chemicals during the financial year 2005– 2006. Pursuant to this agreement, an upfront consultancy charge of Rs 1.20 crores and a monthly consultancy of Rs 12 lacs for a period of 21 months amounting to Rs. 2.52 crores were paid to him for providing necessary technical consultancy, technology knowledge package and process for manufacturing of resins to the Company with respect to the products governed by the agreement. As he was an ex-employee, he provided this technical service exclusively to the Company. There was no related party relationship existing at this point in time. Further, the company has clarified that a complaint was received in July 2021, from an individual, not related to the Company, alleging impropriety with respect to certain related party transactions entered into by the Company. The said complaint was investigated in accordance with the Company’s Whistle Blower Policy, and after undertaking a detailed review of the transactions which were mentioned therein, the said complaint was closed as the enquiry concluded that the transactions were undertaken in compliance with the law, and there was no basis for the allegations made. It has reiterated that all transactions involving related parties are undertaken in strict compliance with the provisions of law and necessary disclosures have been made in accordance with the applicable disclosure norms from time to time.

Steel Stocks + NBFCs + ONGC

Tata Steel/Tata Steel BSL/Jindal Stainless/Vardhman Specialty Steel/JSW Steel in focus/Welspun Corp/Tata Steel Long: There will be a discussion on Grade Steel (Specialty Steel PLI) Guidelines can take place today under the chairmanship of Grade Steel (Specialty Steel PLI) Guidelines. All government and private steel producers will do big brainstorming during the meet. Associations and groups related to the industry will also attend the meeting. The government has issued Rs 6,322 crore PLI Scheme guidelines for Specialty Steel. With this, the production of specialty steel is expected to go up to 42 million tonnes by 2026-27. This will benefit all types of producers, small and big.

IPO Funding: NBFCs In Focus (JM Finance, Bajaj Finance, Edelweiss, IIFL Finance). Reserve Bank of India has fixed the lending limit for Non-banking finance companies (NBFC) to invest in IPOs. NBFCs cannot lend more than Rs 1 crore to investors seeking to buy stocks in initial share sales from April 1, 2021, the central bank said late on Friday, tightening capital adequacy and provisioning rules for last-mile lenders to reduce risks to the broader financial system. The curbs are a part of the RBI's "scale-based regulations" aimed at mitigating systemic risks. Lending limit fixed by considering exposure of sensitive category. The new rules on IPO financing will come into effect from April 1, 2022. Context: It's assumed recent oversubscription of IPOs due to easy money, liquidity made available by various NBFCs. Besides, in the context of Real Estate Funding (M&M Finance, IB Housing Finance), RBI has asked NBFCs to be careful about funding real estate projects. It has been said that even if the loans are sanctioned earlier, the fund release should happen only after getting all the approvals.

ONGC/Oil India/GAIL/Petronet: Petroleum Secretary in a statement said that natural gas prices are likely to rise further. Prices are expected to rise for October-March 2022. ONGC asked to come out with a new formula for APM gas

Fund Action  

Vijaya Diagnostic Centre: 

Fidelity Fund on October 20, 2021, bought 2,28,243 shares (0.22% stakes) in the company. With this, its stakes had increased to 5% from the previous 4.78%. 
Vascon Engineers: Vallabh Bhanshali's stakes have declined from 1.27% to 1.09% in the company. Himanshi Kela bought 1.43% stakes in Vascon Engineers.