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Tuesday 6 April 2021

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Stocks To Watch


Bajaj Finance: Acquired 2.3 million new customers in the three months to March 31, compared with 1.9 million a year earlier. Total customers stood 48.6 million, compared with 42.6 million year-on-year. Deposit book stood at about Rs 25,800 crore as on March 31, compared with Rs 21,427 crore a year earlier. Assets under management stood at Rs 1.53 lakh crore Versus Rs 1.47 lakh crore year-on-year. Consolidated Liquidity Surplus stood at about Rs 16,000 crore as of March 31. New loans booked during Q4 at 5.5 MM as compared to 6 MM a year earlier. Deposit book during the quarter grew by over Rs 2,000 crore to Rs 25,800 crore.


Sobha: Achieved best ever total sales volume of 13.37 lakh square feet worth Rs 1,072 crore in quarter ended March. Price realisation of Rs 8,014 per square feet was the highest over the last eight quarters. Sales volume, total sales value and total price realisation up by 18%, 21%, and 2% respectively compared to previous quarter. Cash flows remained healthy during the quarter resulting in substantial net debt reduction. Average cost of borrowing has further come down during the quarter. Launched new residential projects to the tune 2.77 million square feet and 0.27 million square feet in commercial space. Sales volume in Bengaluru, Gurugram, Pune and Kochi was the highest ever.


Avenue Supermarts: Standalone revenue from operations in the fourth quarter stood at Rs 7,303.13 crore as compared to Rs 6,193.53 crore in the same period last year. Two years and older stores saw growth of 6% during January-February 2021. Growth for these stores in the first 15 days of March 2021 was a negative 9.4% due to implementation of full or partial lockdowns due to rising Covid-19 cases. The second fortnight of March saw significant growth due to a lower base of last year. Several stores have been restricted to sell non-essential products on certain days of the week or for continuous period of at least up to the end of April 2021. In FY21 the company opened 22 new stores and converted two stores into fulfilment centers for Avenue E-commerce. The total number of stores stood at 234.


Bharat Forge, RK Forgings: Class 8 truck orders at 40,800 units for the month of March as compared to 7,211 units in the year-ago period. However, the orders were down 9% month-on-month and stood at 44,000 units in February 2021.


RBL Bank: The bank's gross advances grew 2% year-on-year and 5% quarter-on-quarter to Rs 60,012 crore. Total deposits saw growth of 26% from last year and 9% from the previous quarter to Rs 73,123 crore. CASA Ratio for the Bank stood at 31.8% from 31.1% during the December quarter. Average Liquidity Coverage Ratio for the quarter was 154% Vs 164% in December 2020.


Ircon International: Board approves the issue of bonus shares in the ratio of 1:1. The bonus shares will be dispatched within 60 days of the board's approval. The issue of bonus shares is subject to shareholder approval.


Panacea Biotec: The Russian Direct Investment Fund has signed an agreement with the company to produce 100 million doses per year of Sputnik V vaccine in India. Production of Sputnik V at Panacea Biotec sites will help facilitate global supply to international partners of RDIF.


Container Corporation of India: Q4 volumes up 12.5% year-on-year at 10.58 lakh TEUs (Twenty Foot Equivalent Units). FY21 volumes down 2.8% year-on-year at 36.43 lakh TEUs.


Jindal Steel & Power: Sales in March up 61% year-on-year at 7.86 lakh tonnes. Production up 21% year-on-year at 7.30 lakh tonnes. Quarterly Production has crossed 2.07 million tonnes. The company has posted highest ever production and sales in FY21 of 7.51 million tonnes and 7.28 million tonnes respectively. Exports accounted for 35% of the total sales in FY21 as compared to 13% last year.


Maruti Suzuki: Total production in March up 86.33% to 1.72 lakh units Vs 92,540 units last year.


Mukand: Has reduced its debt by more than Rs 975 crore via a promoter backed line of credit, completion of first tranche of sale of 30% stake in joint venture, Mukand Sumi Special Steel for Rs 713.61 crore, and transfer of company’s approximately 55 acres of surplus leasehold land at Thane for a consideration of Rs 801.51 crore.


Non-Nifty Earning: GM Breweries 

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