At the domestic stock markets, the Sensex and the Nifty rose to post fresh record highs on Monday, June 7, 2021. The S&P BSE Sensex rose 228 points, or 0.4 per cent, to close at a record high of 52,329. The Nifty at the National Stock Exchange advanced 81 points, or 0.5 per cent, to end at an all-time high of 15,752. But certain stocks came in the news after the market was closed. These stocks can impact the indices, when it reopens on Tuesday, June 8, 2021. List of such five stocks:
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Jubilant Ingrevia + Union Bank of India + New India Assurance + Bector Foods
Jubilant Ingrevia: (NAKK stock) The integrated global pharmaceutical and life sciences company has reported a 98% YoY rise in the profit at Rs 95 crore for the quarter ended March 31, 2021. It had reported a profit of Rs 48 crore in the corresponding quarter of the previous financial year. The revenue from operations grew 31% to Rs 1,078 crore as compared to Rs 823 crore posted last year. EBITDA grew 101% to Rs 203 crore compared to Rs 101 crore. The margin increased to 18.8% in Q4FY21 compared to 12.3% posted in Q4FY20. EPS grew to Rs 6 per share in the reported quarter against Rs 3 per share reported last year. The board has recommended a dividend of Re 0.35 per share.
Life Science Chemicals: Up 46%
Speciality Chemicals: Up 17%
Nutrition & Health Solutions: Up 22%
Reduced Debt by Rs 594 crore, Focus on Debt Reduction and
Estimated Capex: Rs 300-350 crore
Union Bank of India: The public sector bank (PSB) on Monday reported a standalone profit of Rs 1,330 crore for the quarter ended March 31, 2021. It incurred a loss of Rs 7,157 crore in the same quarter posted last year. Net Interest Income (NII) fell 9.5% to Rs 5,403 crore compared to Rs 5,967 crore posted last year. Net Interest Margin (NIM) margin stood at 2.38% compared to Rs 2.89% posted last year. Its advances declined 1.2% in the reported quarter. Gross NPA grew to 13.74% in Q4FY21 compared to 13.49% reported in Q3FY21. The Net NPA grew to 4.62% in the reported quarter compared to 3.27% posted in the previous quarter. Recoveries stood at Rs 1,668 crore compared to Rs 1,554 crore posted in the December quarter. The bank made a write off of Rs 10,827 crore in the quarter compared to Rs 5,850 crore. Union Bank has 9% stakes in National Asset Reconstruction Company (NARCL). It has a target to recover Rs 13,500 crore in FY22.
New India Assurance: The insurance company has reported 1.9 times YoY rise in profit at Rs 241 crore in the quarter ended March 31, 2021. It had posted a profit of Rs 126 crore in the same quarter of the previous financial year. The Net premium grew by 16% YoY to Rs 7,290 crore in Q4FY21 as against Rs 6,289 crore posted last year. The gross premium written during the reported quarter grew 11% YoY to Rs 9,070 crore as against Rs 8,145 crore. The insurer has increased its market share by 14.33% in the reported quarter.
Bector Foods: The company has reported a 41% YoY rise in the consolidated profit at Rs 12.7 crore for the quarter ended March 31, 2021. It had reported a profit of Rs 9 crore in the corresponding quarter of the previous financial year. Revenue grew 15.5% to Rs 224 crore in the reported quarter compared to Rs 194 crore posted last year. EBITDA grew 14% to Rs 29 crore compared to Rs 25.4 crore posted last year. The margin remained flat at 13%. The board has recommended a final dividend of Rs 2.40 per share.
Shriram Transport Finance: The vehicle financier on Monday said that its board has approved raising funds through a qualified institutional placement (QIP) offering and capital infusion from its promoter entity Shriram Capital Ltd. The company has fixed a floor price of Rs 1,433.32 apiece (discount of 3.7% to CMP of 1,487 per share) for the QIP offering. Besides, the board has also approved the proposal to raise up to Rs 500 crore by issuance of Equity Shares and Warrants to Shriram Capital Limited, Promoter of the Company, on a preferential basis. The Floor Price of the equity shares and warrants has been fixed at Rs 1,439.90 per equity share and Rs 1,439.90 per warrant.
Anjani Portland Cement: Company has acquired 82.51% stakes of the Bhavya Cements Private Limited for Rs 607 crore. With this acquisition, Bhavya Cements Private Limited has now become a subsidiary of Anjani Portland Cement Limited.
Apollo Hospitals/Fortis Health/Max Health: Vaccine Policy will change from June 21, 2021. Now, the private hospitals could charge only up to Rs 150 per dose as a service charge besides the vaccine cost. Private hospitals can buy up to 25% of the vaccines.
TVS Motors: Sundaram Clayton (Promoter) Sold 2.44 crore shares at 617.25/share. SBI Mutual Fund Bought 40.5 lakh shares. ICICI Prudential bought 97.2 lakh shares. Aditya Birla Sun Life Bought 97.2 lakh shares. BNP Paribas Bought a 16.2 lakh share. Kuwait Invest Authority Bought 9 lakh shares.
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