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Equity markets rose marginally amid positive signals from global equity markets on Tuesday, June 22, 2021. The S&P BSE Sensex gained 14.25 points, or 0.03 percent, to close at 52,588.71. The Nifty on the National Stock Exchange also rose 26.25 points, or 0.17 percent, to 15,772.75. But certain stocks made headlines after the market closed. These stocks could have an impact on the indices when they reopen on Wednesday, June 23, 2021. List of such five stocks:
NMDC + BEL
NMDC: The iron ore company has reported an 8-fold increase in annualized profits of 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 fiscal year. Revenue from operations grew 115% to Rs 6,848 crore compared to Rs 3,187 crore last year. EBITDA was Rs 4,243 crore, an increase of 185% from Rs 1,491 crore last year. Margin improved to 61.95% in Q4FY21 compared to 46.8% in Q4FY20. Other revenues amounted to Rs 85 crore compared to Rs 133 crore last year. The Q4FY21 was the best quarter for NMDC since inception. Domestic realization was Rs 5,941/ton, up 71% year-on-year against Rs 3,473/ton. On a quarterly basis, domestic realization grew 35% from Rs 4,402/ton booked in the December quarter.
CALL:The state-owned Aerospace and Defense Electronics Company reported a 30.6% year-over-year increase in standalone profit of 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 . Revenue grew 18.9% YoY to Rs 6,908 crore in the reported quarter compared to Rs 5,806 crore last year. The EBITDA was Rs 1,971 crore, up 32.9% from Rs 1,483 crore last year. Margin improved to 28.5% in Q4FY21 compared to 25.5% booked in Q4FY20. The board of directors has announced a final dividend of Rs 1.20 per share share for FY21.
India Pesticides + Wabco India
India Pesticides:India Pesticides Rs 800 crore Initial Public Offering (IPO) is set to open today i.e. June 23, 2021. The issue will close on June 25, 2021. The company has set the price range of the issue at Rs 290-296 per share. The company has raised Rs 240 crore from anchor investors a day before the public issuance opens. The main investors are 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 plans to sell its stake 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 bottom price of Rs 6,550 per share (with a 5.9% discount at a CMP of Rs 6,960). The OFS will open to non-retail investors today and to retail investors tomorrow. 10% of the OFS is reserved for retail investors.
United breweries: The Competition Commission of India (CCI) has cleared the way for the acquisition of an additional shareholding of United Breweries Limited by Heineken International BV (HIBV). The proposed transaction relates to HIBV’s potential acquisition of an additional equity interest up to a maximum of approximately 14.99% of its shares in UBL, it said.
PNB housing:Punjab National Bank vetoed Carlyle Group’s planned fundraising plan of the mortgage lenders at the EGM. It would propose an alternative plan to raise capital. SEBI and minority shareholders have expressed concerns regarding 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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