Stocks To Watch: Avenue Supermarts, Bajaj Finance, Bharat Forge, Jindal Steel & Power, Maruti Suzuki
Men watch the electronic stock ticker at the Bombay Stock Exhange (BSE) in Mumbai. (Photographer: Adeel Halim/Bloomberg News)

Stocks To Watch: Avenue Supermarts, Bajaj Finance, Bharat Forge, Jindal Steel & Power, Maruti Suzuki

Indian equities began the new trading week on a negative note, ending with losses as rising coronavirus cases kept a check on investor sentiment. The S&P BSE Sensex ended 1.7% or 870 points lower at 49,159. The index, however, recovered nearly 600 points from the lowest point of the day. The NSE Nifty 50 index also recovered nearly 200 points from the day's low but ended 1.5% lower at 14,637.

Here are the stocks to watch in trade today:

  • 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.
  • Sobha: Achieved total sales volume of 13.37 lakh square feet worth Rs 1,072 crore in quarter ended March. Sales volume, total sales value and total price realisation up by 48%, 54%, and 5% respectively compared to previous year. 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 sq ft and 0.27 million sq ft in commercial space.
  • 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. 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.
  • Ircon: Board has approved the issuance of fully paid-up bonus shares in the ratio of 1:1. The company will give one free share for every share of Rs 2 each, subject to the shareholders' approval. The bonus shares will be issued out of free reserves of Rs 94.05 crore.
  • Panacea Biotec: The Russian Direct Investment Fund has signed an agreement with the company to produce 100 million doses per year of Sputnik V 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 volume up 12.50% year-on-year at 10.58 lakh TEUS. FY21 volume 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 mt respectively.
  • 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

Pledge Share Details

  • Apollo Tyres: Promoter Sunrays Properties and Investments Company revoked pledge of 8 lakh shares on March 31.
  • Gayatri Projects: Promoter T Reddy invoked pledge of 1.08 lakh shares on April 1. As reported on March 5.

Who's Meeting Whom

  • Nazara Technologies: To meet HDFC Securities on April 6 and Elara Securities on April 7.

Insider Trades

  • Aarti Industries: Promoters (Monisha Bhatia, Shreya Suneja, Indira Dedhia and Bhavna Family Private Trust) sold 62,758 shares between March 30-31.
  • Eris Lifesciences: Promoter Himanshu shah sold 9.51 lakh shares between March 30-31.
  • Godrej Industries: Promoter Arel Enterprise LLP bought 1.02 lakh shares on March 26.
  • Godrej Agrovet: Promoter Godrej Industries bought 74,892 shares on March 30.
  • JK Cement: Promoter Kalpana Singhania sold 5,000 shares on February 10.

Trading Tweaks

  • Price Band Revised From 10% To 5%: Adani Transmission
  • Price Band Revised From 5% To 20%: Jubilant Ingrevia
  • Ex-Date Interim Dividend: NACL Industries, Shriram City Union Finance
  • Record Date Interim Dividend: Shriram Transport Finance, SBI Life Insurance Company, Saregama India
  • Move Into Short-Term ASM Framework: Dynamatic Technologies, Godawari Power & Ispat
  • Move Out Of Short-Term ASM Framework: Dolat Investments, Adani Power, Dhani Services, Praj Industries, Reliance Power
  • Move Into ASM Framework: Dhani Services, Capri Global Capital
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