My Newsfeed

logo
The Baseline
02 May 2022
Which stocks did superstar investors sell in Q4FY22?
By Suhas Reddy

Many investors closely track portfolios of ace investors to know which stocks these superstarsare bullish and bearish on in the market. We looked at the stocks superstar investors bought in Q4FY22 here.

Now, we check the stocks superstar investors like Rakesh Jhunjhunwala, Sunil Singhania, Dolly Khanna, and Ashish Kacholia, among others, sold during Q4FY22. 

Rakesh Jhunjhunwala reduced his stake in multiple companies

Rakesh Jhunjhunwala’s biggest stake cut was in the auto sector. He reduced his stake in the tractor manufacturing company Escortsto below 1% from 5.2%. The stock fell 14.8% from the beginning of 2022 till April 28. This could be attributed to sluggish rural demand, as Escorts tractor wholesale sales fell 32.8% YoY to 21,895 units in Q4FY22. 

The ace investor also sold a 0.2% stake in Wockhardtbringing his holding to 2.1%. This stock has tanked 26.5% in 2022, as of April 28.

Jhunjhunwala also cut his stake in the state-owned steel maker SAIL(Steel Authority of India) to below 1% from 1.09% in Q3FY22. The stock is down 11.2% from the beginning of 2022 till April 28, 2022. It rose 24% after hitting a 52-week low in February but then gave up some of its gains.

Jhunjhunwala also reduced his stake in Aptechby 0.1% to 23.4%, in TV18 Broadcastby 0.3% to 1.2% and in Indian Hotels Companyby 0.1% to 2.1%. He also pared his holdings in Titan Company, Crisil, and Delta Corp, bringing his share in these companies down to 5.1%, 5.5% and 7.5%, respectively.

Sunil Singhania’s Abakkus Fund sold small stakes in multiple companies 

Sunil Singhania’s Abakkus Fund sold a 0.2% stake in plastic products company Surya Roshniin Q4FY22, bringing the fund’s holding down to 1.2%. In Q4FY22, the company’s stock price fell by 29.1%. The fund also sold a 0.2% stake in HSIL, bringing down the holding in the company to 1.9%. 

In Q4FY22, Singhania’s fund reduced its stake in Jindal Stainless (Hisar) by 0.1% to 3.8% and in Paras Defence and Space Technologiesby 0.1% to 1.3%. He also sold 0.1% stake in ADF Foodsand Saregama Indiabringing the fund’s holding down to 1.6% and 1.4% respectively, in these companies.

Ashish Kacholia sold stake in Mahindra Logistics, now holds below 1%

Ashish Kacholiabought a 1.1% stake in Mahindra Logistics in Q3FY22, but in Q4FY22 he sold part of his holding and now owns less than 1% of the company. The company’s stock price saw a huge dip in Q4FY22, falling as much as 40.8% since January, but recouped some of the losses since then. 

Kacholia also sold his stake in Poly Medicure and now holds below 1% stake in the company. This company’s stock price fell 16% from the start of January to February end.

The marquee investor also sold a 0.6% stake in Vishnu Chemicals. He reduced his holdings in small quantities in companies like Somany Home Innovationto 1.3%, Mold-Tek Packaging to 3.1%, and ADF Foodsto 1.1%. 

Dolly Khanna reduces stakes in textile, auto ancillary and cement companies

Dolly Khannasold a 0.6% stake in Talbros Automotive Componentsbringing her holding down to 1.1%. This could indicate that she expects that the semiconductor shortage and high metal prices will continue to hamper the auto industry. 

The ace investor also sold a 0.2% stake in the cement and construction company KCP, bringing her stake down to 3.7% and reduced her stakes in cement and infrastructure companies like Rain Industries,NCL Industries,and Tinna Rubber & Infrastructure, cutting each stake by 0.1%. 

She also pared her stake in textile manufacturer Deepak Spinnersto 1.4%, and in Monte Carlo Fashionto below 1%.

Vijay Kedia didn’t make major changes to his portfolio in Q4FY22 

Vijay Kediasold a 0.3% stake in the IT software and consulting company Ramco Systems in Q4FY22 bringing his stake down to 2.4%. Ramco Systems reported losses in three consecutive quarters since Q1FY22. The losses stood at Rs 6.1 crore in Q1FY22, Rs  17.2 crore in Q2FY22, and Rs 11.1 crore in Q3FY22. He also sold a minor portion of his stake in Tejas Networksand now holds 3.4%.

Porinju V Veliyath reduces his stakes in paints and consumer appliances

Porinju V Veliyathsold a 0.7% stake in decorative paints and industrial coatings maker Shalimar Paints, bringing his holding down to 1.6% at the end of Q4FY22. This can be because oil & gas prices are expected to remain high due to geopolitical tensions, which will lead to higher input costs for paint makers. The marquee investor cut his stake in Somany Home Innovationto below 1% from 1.6%. The company sells consumer appliances under the brand name ‘Hindware’, ‘Moonbow’ and furniture under the brand name ‘Evok’. 

Radhakishan Damani sold a minor stake in Metropolis Healthcare & Blue Dart

Radhakishan Damani sold a minor stake in stocks like Metropolis Healthcare and Blue Dart Express bringing his holding down to 1.1% and 1.4%, respectively, in these companies. Metropolis Healthcare’s stock price fell 40.8% in Q4FY22.

 
logo
The Baseline
29 Apr 2022
Five Interesting Stocks Today

  1. Bajaj Finance: This NBFC’s stock fell on the bourses despite robust Q4FY22 results. The company’s net profit surged 80% YoY to Rs 2,419.5 crore, in line with Trendlyne’s Forecaster estimates. Asset quality improved as gross NPAs fell 19 bps YoY to 1.6%. Total AUM (assets under management) has seen a rise of 29% YoY to Rs 1.97 lakh crore. These numbers however, did not enthuse investors or even brokerages.

HDFC Securities increased its target price marginally by 0.2% to Rs 6,430, on account of lower credit costs. However, it maintained its ‘Sell’ rating because of Bajaj Finance’s higher operating expenses. Operating expenses for the company rose 30.7% YoY to Rs 2,100.6 crore. The brokerage believes that operating expenses will be a cause of concern throughout FY23 affecting net interest margin (NIM). NIM fell 20 bps to 12.8% in Q4FY22.

Motilal Oswal expects NIMs growth trajectory to remain affected in face of increasing borrowing costs. NIMs weren’t affected much in Q4FY22 because of the excess liquidity Bajaj Finance carried. The brokerage also expects operating expenses to remain elevated due to investments in tech (Phase-2 of digital transformation) and investment in human capital. However, it expects the NBFC to deliver an RoA (return on assets) of 4.2-4.4% over FY23-24.

  1. Cyient: This IT Services company’s stock rose 10% after it announced its Q4FY22 results. Cyient’s net profit rose 17% QoQ to Rs 154.2 crore, beating the Trendlyne’s Forecaster estimates by 20.7%. Revenues increased by 2% QoQ to Rs 1,320.6 crore and operating profit margin of the company rose marginally by 8 bps QoQ to 17.98%. The company derives over 83% of its revenues from the services segment. This segment grew marginally by 1.5% QoQ driven by aerospace, portfolio, and communications verticals. Revenue from the design-led manufacturing (DLM) segment fell 8.5% YoY to Rs 197.6 crore due to semiconductor supply-side challenges, which are expected to persist in FY23. 

Cyient’s revenue is heavily concentrated in aerospace, rail transportation, and communication segments. To diversify its revenues, the company signed an agreement to acquire a 100% stake in Citec for 94 million euros (around Rs 800 crore) in an all-cash deal on April 25. Citec is expected to help Cyient diversify its presence in energy, industrial and plant engineering (EIP), which currently accounts for 2% of its revenues. In addition to this, Cyient also announced that it will acquire Grit Consulting for about Rs 283 crore ($37 million) on Thursday. Grit Consulting is a Singapore-based consulting firm with expertise in asset-intensive industries like metal mining and energy.

ICICI Securities maintained its ‘Buy’ rating after the Citec acquisition was announced, it believes the acquisition will reduce the revenue cyclicality by diversifying the revenue mix. However, ICICISec expects Cyient to face difficulty cross-selling in new geographies as more than 75% of Citec’s revenue comes from Finland and Sweden.

  1. Hindustan Unilever (HUL): This FMCG stock gained the most in the last few weeks, in spite of analysts cutting their target prices. HUL’s Q4FY22 results have been in line with Trendlyne’s Forecaster estimates. However, its Q4 results did not impress analysts. Net profit grew 5% YoY to Rs 2,307 crore, and revenue rose 10.2% YoY (Rs 13,846 crore) helped by hike in prices.

Brokerages like Axis Securities, Motilal Oswal, ICICI Securities, and HDFC Securities have slashed their target prices for HUL because of slowdown in rural demand, input cost inflation, and delay in demand recovery. With the ongoing geopolitical tensions in Europe, rising commodity prices have further added to the woes of consumer facing companies hitting their gross margins. HUL’s gross margins fell 300 bps YoY to 49.5% in Q4FY22. ICICI Direct expects inflation woes to drag profit and margins in FY23-24 hence cutting its earnings estimate for the company by 10%.

  1. KPIT Technologies: This IT services company’s stock rose by 12.5% on Wednesday after it declared its Q4FY22 results. The company’s net profit rose 14.6% QoQ to Rs 80.5 crore and revenue rose 5.3% to Rs 664.8 crore, in line with Trendlyne’s Forecaster estimates. Revenue growth was led by autonomous and connected domains across commercial vehicles (8% QoQ) and passenger vehicles (2.4% QoQ). Even with supply-side constraints and fresher additions, EBITDA margin improved by 15 bps QoQ to 18.6%, led by offshoring. Offshoring consistently increased in FY22, rising by 10% YoY over FY21, and resulting in higher volume growth and improved margins.The management expects offshoring to continue to increase, which will offset the impact of wage inflation and supply-side constraints in FY23.

The software company won a $74 million deal with a European OEM (original equipment manufacturer), and the management expects 80% of the revenue to be delivered over the next 5 years. Total deals won during Q4FY22 stand at $125 million (excluding the $74 million deal with the European OEM). KPIT Technologies is solely engaged in automotive software integration and its domain expertise makes it a niche player in the market. This makes it well placed to benefit from the increased R&D (research and development) spend on CASE (connected, autonomous, shared, electric) vehicles by OEMs. The management expects revenue growth of 18-21% YoY CC (constant currency), and EBITDA margin in the range of 18-19% for FY23.

  1. Varun Beverages: This PepsiCo bottling company’s stock rose 4% intra-day on Thursday after it announced its Q4FY22 results. Its net profit rose 98.2% YoY to Rs 271.1 crore and revenue grew 26.2% YoY to Rs 2,867.5 crore. The sharp rise in net profit was driven by improvement in margins, reduction in finance costs, and higher profitability from international markets. With the scorching heat wave in India, demand is expected to spike in the peak months of April-June. The management believes it is well-placed to cater to the surge in demand and expects to optimize its capacity utilization across all plants and enhance its reach across established and underpenetrated markets during the peak months. The company plans to expand into underpenetrated markets like Bihar, Odisha, Chhattisgarh, Jharkhand, and Madhya Pradesh, where per capita consumption is low. The company commissioned a manufacturing plant in Bihar this quarter to expand its manufacturing presence in the underpenetrated market where it sees a huge potential to gain market share. For medium to long-term, the management expects to deliver a healthy volume growth on the back of an improving demand environment.

Trendlyne's analysts identify stocks that are seeing interesting price movement, analyst calls or new developments. These are not buy recommendations.

 
T
Trendlyne Marketwatch
29 Apr 2022
Market closes lower, Maruti Suzuki India's Q4 net profit rises 57.7% YoY

Trendlyne Analysis

Nifty 50 closed in the red amid high selling pressure towards the end of the trading session to fall over 1% from the day’s peak. Most Asian indices closed in the green as US indices closed sharply higher on Thursday led by the tech-heavy NASDAQ 100. Meta’s Q4 results lifted the US market but lackluster results by Amazon sent the stock over 9% lower during after-market hours trading. Market volatility is expected to continue on the back of China’s growth fears, looming US rate hikes, and the geopolitical crisis in Europe. The US dollar continues to gain amid prospect of aggressive rate hikes in the US. Crude oil trades at elevated levels as the geopolitical crisis in Europe continues to disrupt its supply chain. European indices join the global trend and trade higher amid mixed earnings reports.

Nifty Smallcap 100 and Nifty Next 50 closed in the red, following the benchmark index. Nifty Realty and Nifty Auto closed lower than Thursday’s levels. Nifty IT closed in the red, tracking the NASDAQ 100 futures, which is trading lower.

Nifty 50closed at 17,102.55 (-142.5, -0.8%), BSE Sensexclosed at 57,060.87 (-460.2, -0.8%) while the broader Nifty 500closed at 14,783.35 (-130.6, -0.9%)

Market breadth is moving down. Of the 1,866 stocks traded today, 561 were on the uptick, and 1,268 were down.

  • Shilpa Medicare,Kansai Nerolac Paints, Westlife Development, and Ajanta Pharmaare trading with higher volumesas compared to Thursday.

  • UltraTech Cement’s Q4FY22 net profit rises 47.3% YoY to Rs 2,613.7 crore on reversal of provision of income tax of Rs 323.35 crore and revenue rises 9.6% YoY to Rs 15,859.7 crore. However, profit before tax falls 13.9% YoY to 2,275.6 crore. EBITDA falls 16% YoY to Rs 3,165 as power and fuel costs rise 46.7% YoY to Rs 3,594.8 crore.

  • Maruti Suzuki India's Q4FY22 net profit rises 57.7% YoY to Rs 1,839 crore and revenues rise 11% YoY to Rs 25,514 crore. Sales volume improves sequentially by 13.5% to 4,88,830 units whereas it was down 0.7% YoY in Q4FY22. Higher sales realization primarily drive the topline growth in Q4FY22

  • Gillette India’s Q4FY22 net profit rises marginally by 0.3% YoY to Rs 40.7 crore with revenue increasing 5.5% to Rs 566.5 crore. However, the company’s total expenses rose 11.3% YoY to Rs 457.8 crore with the cost of materials surging 131% to Rs 159.3 crore.

  • Rainbow Childrens Medicare’s Rs 1,580.8-crore IPO gets bids for 12.4X of the available 2.1 crore shares on offer on the last day of bidding. The retail investor quota gets bids for 1.4X of the available 1 crore shares on offer.

  • Zomato slumps below its lower end of IPO price band and touches an all-time low of Rs 71.4 on the bourses. The stock is falling for three consecutive sessions.

  • Axis Securities maintains a ‘Buy’ rating on Trent with a target price of Rs 1,350, indicating an upside of 10%. The brokerage believes that the company is well-placed to grow in the post-Covid-19 era, led by its success in the Westside apparel store chain, the ramp-up of Zudio apparel stores, sustainable margins, and a healthy balance sheet.

  • Schaeffler India and Crisil touch an all-time high of Rs 2,441.5 and Rs 3,785 respectively. Both stocks are rising for three consecutive sessions.

  • Stocks like Asian Paints, eClerx Services, United Breweries, and Sunteck Realty, among others, crossed their 100-day simple moving average (SMA) today.

  • General Insurance Corporation of India is trading with more than 39 times its weekly average trading volume. Prism Johnson, Shriram City Union Finance, Varroc Engineering, and Eris Lifesciences are trading at more than seven times their weekly average trading volumes.

  • IndiaMART InterMESH’s Q4FY22 net profit rises 3% YoY to Rs 57 crore and revenue rises 22% YoY to Rs 231 crore. EBITDA margin falls by 20 percentage points to 28% as manpower costs increase by 53% YoY to Rs 87 crore.

  • Genus Power Infrastructures is rising as it receives an order worth Rs 828.5 crore from state utility. The project will entail designing an advanced metering infrastructure system with supply, installation, and commissioning of 10 lakh smart prepaid meters.

  • Stocks like Nestle India, ACC, Angel One, and Tata Elxsi, among others, are outperforming the Nifty 50 index over the week, post results

  • Vedanta rises despite reporting a fall in Q4FY22 net profit by 4.8% YoY to Rs 7,261 crore. However, revenue from operations rises 41% YoY to Rs 39,342 crore because of higher sales volumes and an increase in commodity prices. EBITDA for the company jumps 51% YoY to Rs 13,768 crore with EBITDA margin rising 300 bps to 39%. The board recommends an interim dividend of Rs 31.5 per share with May 9 as the record date.

  • Shriram Transport Finance surges as its Q4FY22 net profit rises 44.2% YoY to Rs 1,091.2 crore and revenue rises 13.1% YoY to Rs 5,087.6 crore. Net Interest Income (NII) rises 22.16% YoY to Rs 2,627.8 crore and AUM (assets under management) rises 8.4% YoY to Rs 1.27 lakh crore.

  • Mphasis's Q4FY22 profit rises 9.6% QoQ to Rs 392.1 crore as the revenue rises 6.6% QoQ to Rs 3,316.8 crore. In FY22, the company's profit rises 17.6% YoY to Rs 1,430.9 crore.

  • Fineotex is falling despite its Q4FY22 profit rising 46% YoY to Rs 16.5 crore and revenues increasing by 56% to Rs 121.6 crore. India business revenues double YoY in Q4FY22 to Rs 101.7 crore. Fineotex’s FY22 revenue rises 58% YoY to Rs 373.7 crore and net profit increases by 29.4% to Rs 55.1 crore.

  • Ambuja Cements' Q4FY22 net profit declines 30.4% YoY to Rs 658.9 crore on rising fuel costs. Revenue rises 2.3% YoY to Rs 7,990.3 crore on the back of sales volume rising 3.4% YoY to 7.5 million tonnes per annum. EBITDA margin falls by 680 bps YoY to 20.5% as power and fuel expenses rise 34.5% YoY to Rs 2,072 crore.

  • Varroc Engineering surges as it signs a securities purchase agreement with a French firm Compagnie Plastic Omnium SE to divest its four-wheeler lighting systems operations in the US and Europe. The value of the transaction is 600 million euros. The company plans to divest its operations in the USA, Brazil, Mexico, Poland, Czech Republic, Germany, Turkey, and Morocco.

  • Biocon’s Q4FY22 net profit falls 4% YoY to Rs 283.9 crore despite a revenue increase of 20.9% to Rs 2,746 crore. Raw material costs rise 21% YoY to Rs 747.8 crore in Q4FY22. Generics segment revenue grows 26% YoY to Rs 717 crore on the back of new product launches in the US.

  • Axis Bank’s Q4FY22 net profit rises 54% YoY to Rs 4,118 crore with an increase in net interest income by 17% YoY to Rs 8,815 crore. Provisions fell 54% YoY to Rs 987 crore. Total advances grew 15% YoY to Rs 7.07 lakh crore with retail loans rising 21% YoY to Rs 4 lakh crore. The bank's asset quality improved with gross NPA falling 88 bps YoY to 2.8% and net NPA by 32 bps to 0.73%.

Riding High:

Largecap and midcap gainers today include General Insurance Corporation of India (130.15, 9.74%), Shriram Transport Finance Company Ltd. (1,202.05, 5.28%) and Max Healthcare Institute Ltd. (413.85, 4.26%).

Downers:

Largecap and midcap losers today include Axis Bank Ltd. (728.60, -6.57%), Indraprastha Gas Ltd. (352.40, -6.39%) and Bajaj Holdings & Investment Ltd. (5,169.45, -6.33%).

Volume Shockers

20 stocks in BSE 500 are trading on high volumes today.

Top high volume gainers on BSE included General Insurance Corporation of India (130.15, 9.74%), Varroc Engineering Ltd. (444.45, 7.99%) and Shriram Transport Finance Company Ltd. (1,202.05, 5.28%).

Top high volume losers on BSE were Can Fin Homes Ltd. (592.15, -6.95%), Axis Bank Ltd. (728.60, -6.57%) and Gujarat Gas Ltd. (482.40, -5.80%).

Gillette India Ltd. (5,265.20, 3.18%) was trading at 22.4 times of weekly average. Prism Johnson Ltd. (114.10, 0.88%) and Shriram City Union Finance Ltd. (1,708.60, 3.53%) were trading with volumes 17.7 and 17.2 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

9 stocks overperformed with 52-week highs, while 1 stock was an underachiever and hit its 52-week lows.

Stocks touching their year highs included - Crisil Ltd. (3,684.45, 2.67%), GHCL Ltd. (619.25, 1.05%) and Mangalore Refinery And Petrochemicals Ltd. (73.75, 6.88%).

Stock making new 52 weeks lows included - Zomato Ltd. (71.75, -2.84%).

13 stocks climbed above their 200 day SMA including Laurus Labs Ltd. (583.35, 2.00%) and United Breweries Ltd. (1,585.90, 1.01%). 26 stocks slipped below their 200 SMA including Can Fin Homes Ltd. (592.15, -6.95%) and Axis Bank Ltd. (728.60, -6.57%).

 
T
Trendlyne Marketwatch
28 Apr 2022
Market closes higher, Campus Activewear’s IPO gets bids for 17.9X of the total shares on offer

Trendlyne Analysis

Nifty 50 closed in the green with the Indian volatility index, India VIX falling below 20%. Most Asian indices closed higher as China pledged further economic support amid growing worries about the effect of Covid-19 lockdowns in parts of China. Japan’s central bank is expected to keep its monetary settings steady when it hands down its monetary policy later today, even as the yen weakened to a two-decade low against the US dollar. On Wednesday, US indices closed marginally higher on a volatile day of trade. The markets are expected to remain volatile as investors monitor the latest earnings, rising inflation level, and prospect of aggressive monetary policy by the US Fed. Crude oil trades at over $100 per barrel as the geopolitical crisis in Europe continues to disrupt its supply chain. European indices trade in the green as corporate results boost investor sentiments.

Nifty Smallcap 100 closed in the green, following the benchmark index. Nifty Pharma and Nifty Energy closed higher than Wednesday’s levels. Nifty IT closed in the green, taking cues from the tech-heavy NASDAQ 100 futures, which are trading higher.

Nifty 50closed at 17,245.05 (206.7, 1.2%), BSE Sensexclosed at 57,521.06 (701.7, 1.2%) while the broader Nifty 500closed at 14,913.90 (157.9, 1.1%)

Market breadth is in the red. Of the 1,875 stocks traded today, 843 showed gains, and 991 showed losses.

  • Bayer Cropscience, Vardhman Textiles, Fortis Healthcare, and Varun Beverages are trading with higher volumesas compared to Thursday.

  • Rainbow Childrens Medicare’s Rs 1,580.85-crore IPO gets bids for 55% of the available 2.05 crore shares on offer on the second day of bidding. The retail investor quota gets bids for 82% of the available 1.01 crore shares on offer.

  • Laurus Labs’ Q4FY22 net profit falls 22% YoY to Rs 234.3 crore and revenues are flat at Rs 1,426.1 crore. Total expenses rise 10.8% YoY to Rs 1,124.4 crore led by changes in inventories of finished goods, work-in-progress, and stock-in-trade.

  • FMCG stocks like Hindustan Unilever, Tata Consumer Products, Dabur India, ITC and Varun Beverages among others are rising in trade. The broader sectoral index Nifty FMCG is also trading higher today.

  • Delivery volumes of stocks like Maruti Suzuki India, Alembic Pharmaceuticals, Havells India, and Deepak Nitrite, among others are rising ahead of their Q4FY22 results to be announced over the next few weeks.

  • Campus Activewear’s Rs 1,400-crore IPO gets bids for 51.7X of the available 3.36 crore shares on offer on the last day of bidding. The retail investor quota gets bids for 7.7X of the available 1.6 crore shares on offer.

  • Cyient to acquire Singapore-based firm Grit Consulting. This is an all-cash deal worth Rs 284 crore, according to reports. The acquisition will help Cyient in expanding its consulting capabilities in asset-driven industries like metals and mining.

  • Apcotex Industries falls despite reporting a 37% YoY rise in its Q4FY22 net profits at Rs 31 crore. Its quarterly revenues rise 48.4% YoY to Rs 279 crore backed by over 24% sales volumes growth and higher exports.

  • Varun Beverages’ Q4FY22 net profit rises 96.7% YoY to Rs 254.2 crore and revenues increase by 26.4% to 2,867.5 crores. Net profit increases sharply on the back of improvement in margins, reduction in finance costs, and higher profitability from international operations. Total sales volumes rise 18.7% YoY in Q4FY22 to 17.97 crore driven by strong demand across geographies.

  • JM Financialis trading with more than 18 times its weekly average trading volume. Vaibhav Global, TV18 Broadcast, TTK Prestige, and Rajesh Exports are trading at more than four times their weekly average trading volumes.

  • Trent posts a loss of Rs 20.8 crore in Q4FY22 compared to a Rs 17.4 crore profit a year ago as high input costs hurt margins. However, revenue rises 41.2% YoY to Rs 1,372.9 crore on recovery in footfalls. EBITDA margin falls by 480bps YoY to 13% as employee expenses rise 48% YoY

  • Mahindra Lifespace Developers rises after it announces its Q4FY22 results. Net profit for Q4FY22 is Rs 137.6 crore as against a loss of Rs 27.7 crore in Q4FY21. Total revenue surges 3X YoY to Rs 161.7 crore. Residential pre-sales grew 50% to Rs 1,028 crore while industrial leasing leaps 130% to Rs. 298 crore in FY22.

  • Angel One outperforms ICICI Securities by 17.7 percentage points in QoQ net profit growth. However, ICICI Securities outperforms Angel One on 11 out of 16 fundamental parameters like annual return on equity, price-to-earnings ratio, price-to-book value, among others, according to Trendlyne’s Stock Comparison tool.

  • Indian Energy Exchange is falling despite its Q4FY22 profit rising 43.62% YoY to Rs 88.4 crore. The company's revenue rises 28% YoY to Rs 128.4 crore. In FY22, the profit rises 50.2% YoY to Rs 308.6 crore.

  • Media stocks like Zee Entertainment, Sun TV Network, TV18 Broadcast, Network 18 Media & Investments and Saregama India are falling. The broader sectoral index i.e. Nifty Media is also trading in red today.

  • ICICI Securities downgrades its rating on Sanofi to ‘Hold’ from ‘Buy’ with a target price of Rs 7,740, indicating an upside of 11%. The brokerage downgrades its rating as the company’s Q4FY22 revenue fell 2% YoY to Rs 731.4 crore but retains a positive outlook as Sanofi has a strong brand recall in anti-diabetic therapies in India.

  • Persistent Systems’ Q4FY22 net profit rises 14% QoQ to Rs 201 crore and revenue by 10.3% QoQ to Rs 1,679.9 crore, driven by a 14.6% QoQ rise in services revenue. Operating profit margin rises by 34 bps QoQ to 17.17% and attrition falls by 30 bps to 26.6%.

  • Bajaj Auto's Q4FY22 profit rises 10.28% YoY to Rs 1,469 crore despite a 6.9% YoY fall in revenue to Rs 8263.7 crore. The increase in profit factors in the reduced expenses on raw materials among others. In FY22, the company's profit rises 10% YoY to Rs 5,019 crore.

  • Network 18 and TV18 Broadcast slump after Reliance Industries announces a strategic partnership with Bodhi Tree Systems to form the largest TV and digital streaming platform in India. Bodhi Tree Systems will invest Rs 13,500 crore while Reliance Industries’ subsidiary will invest an additional Rs 1,645 crore in Viacom 18. Network 18 is TV18 Broadcast's holding company and TV18 Broadcast is the controlling partner in Viacom 18.

  • HDFC AMC's Q4FY22 net profit rises 8.7% YoY to Rs 343.5 crore and revenues increase by 6.5% to Rs 580.93 crore. Systematic investment plan (SIP) flows rise 33.7% YoY to Rs 12,300 crore in Q4FY22. The company’s FY22 net profit rises 5.1% YoY to Rs 1,393.1 crore and revenues increases by 10.5% to Rs 2,433.2 crore.

  • Indian Hotels' posts a profit of Rs 71.5 crore in Q4FY22 compared to a Rs 97.7 crore loss a year ago. Revenue rises 52.4% YoY to Rs 954.8 crore helped by a recovery in leisure and business travel after easing of restrictions on travel and movement.

  • Hindustan Unilever’s Q4FY22 net profit rises 5.3% YoY to Rs 2,307 crore with total revenue rising 10.2% YoY to Rs 13,846 crore. Home care segment revenue grew 23.6% to Rs 4,743 crore. Total expenses for the company surge 11.5% YoY as the cost of materials consumed rises 18% to Rs 4,501 crore. As a result, gross margins fell 300 bps to 49.5%.

Riding High:

Largecap and midcap gainers today include Coromandel International Ltd. (899.15, 6.08%), Indian Hotels Company Ltd. (247.00, 4.77%) and Hindustan Unilever Ltd. (2,241.85, 4.51%).

Downers:

Largecap and midcap losers today include Adani Power Ltd. (284.25, -5.00%), Dr. Lal Pathlabs Ltd. (2,681.20, -3.78%) and JSW Energy Ltd. (330.40, -3.48%).

Crowd Puller Stocks

21 stocks in BSE 500 are trading on high volumes today.

Top high volume gainers on BSE included Godrej Agrovet Ltd. (570.15, 11.05%), JM Financial Ltd. (75.65, 10.92%) and TTK Prestige Ltd. (853.20, 9.73%).

Top high volume losers on BSE were TV18 Broadcast Ltd. (61.80, -17.76%), La Opala RG Ltd. (315.05, -4.28%) and Bajaj Auto Ltd. (3,834.40, -1.82%).

KIOCL Ltd. (230.05, 7.02%) was trading at 13.7 times of weekly average. Vaibhav Global Ltd. (475.00, 5.52%) and Coromandel International Ltd. (899.15, 6.08%) were trading with volumes 11.1 and 10.3 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

8 stocks hit their 52-week highs, while 1 stock tanked below its 52-week lows.

Stocks touching their year highs included - Adani Power Ltd. (284.25, -5.00%), Crisil Ltd. (3,588.70, 7.32%) and DCM Shriram Ltd. (1,191.90, 4.38%).

Stock making new 52 weeks lows included - Zomato Ltd. (73.85, -2.64%).

21 stocks climbed above their 200 day SMA including Godrej Agrovet Ltd. (570.15, 11.05%) and United Breweries Ltd. (1,570.10, 4.23%). 15 stocks slipped below their 200 SMA including Bombay Burmah Trading Corporation Ltd. (1,001.30, -8.67%) and La Opala RG Ltd. (315.05, -4.28%).

 
logo
The Baseline
27 Apr 2022
Chart of the Week: Forecaster estimates show analysts disagreeing on target prices

It’s normal for analysts covering publicly-listed companies to differ in their views on where a company’s stock price is headed in the near future. But some stocks and industries, in particular, have wildly divergent analyst views in terms of target share price.

If we divide the highest target price for a stock by the lowest target price, we can see the disagreement ratio in analyst views on a stock’s future price.

The stocks with the highest divergence (above 2 in disagreement ratio) are mainly metal, banks, heavy electrical equipment makers, internet companies and consumer electronic companies, among others. Some metal stocks see huge differences of opinion with the likes ofSteel Authority of India,JSW Steel, andTata Steel seeing the highest divergence in the highest and lowest target price, Trendlyne’s Forecaster estimates show.Steel Authority’s highest target price is nearly 4.5 times its lowest target price.

Given the ongoing geopolitical tensions in Europe and lockdowns in China, this divergence among analysts on metal stocks is understandable. Companies likeJSW Steel, andTata Steel’s high and low target prices differ by 3.8 times and 3 times respectively, as predicted by various analysts.

Bank stocks likeBank of Baroda andBandhan Bank’s target price difference ratio is 2.9 and 2.8 times respectively.Canara Bank’s highest target price is nearly 3.1times its lowest target price. It will be interesting to see if this changes once all the Q4FY22 results of the banks are declared soon.

Then there is tech. Last year saw many tech-based startups list in India to much fanfare, but this has also brought in a lot of divergence among analysts as to their future business prospects.One97 Communications or Paytm’s stock price has thehighest divergence among analysts (highest target price is 3.6 times the lowest target price), followed byZomato(highest target price is 2.9 times the lowest target price), andNazara Technologies(highest target price is 2 times the lowest target price).

 
T
Trendlyne Marketwatch
27 Apr 2022
Market closes lower, KPIT Tech Q4FY22 profit rises 14.6% QoQ

Trendlyne Analysis

Nifty 50 closed in the red with the Indian volatility index, India VIX rising above 20%. Asian indices closed lower as investors remain anxious about the effect of Covid-19 lockdowns in parts of China. However, China’s central bank said it would support its economy as worries grew about Beijing’s insistence on continuing with a “Zero-Covid” policy that would harm domestic and global growth. All US indices closed sharply lower on Tuesday led by the tech-heavy NASDAQ 100, which closed over 3.8% lower. Stock markets remain jittery amid mixed earnings, rising inflation, and prospect of aggressive monetary policy by the US Fed. Oil prices rose after Russia said it would cut natural gas supply to Eastern Europe. The pan-European index, STOXX 600 trades lower, extending its losses for a fourth straight day as investors monitor earnings and natural gas supply chain disruption in Europe.

Nifty Smallcap 100 and Nifty Midcap 100 closed lower, following the benchmark index. Nifty Bank and Nifty Auto closed lower than Tuesday’s levels. Nifty IT also closed in the red, tracking the tech-focused NASDAQ 100, which closed sharply lower on Tuesday.

Nifty 50closed at 17,038.40 (-162.4, -0.9%),BSE Sensexclosed at 56,819.39 (-537.2, -0.9%) while the broader Nifty 500closed at 14,756.00 (-142.4, -1.0%)

Market breadth is overwhelmingly negative. Of the 1,864 stocks traded today, 507 were gainers and 1,329 were losers.

  • Endurance Technologies,V Mart Retail, Procter & Gamble Hygiene & Healthcare, and Krishna Institute of Medical Sciences are trading with higher volumesas compared to Tuesday.

  • Stocks like Adani Enterprises, Havells India, Ambuja Cements, NLC India, and Mahindra & Mahindra, are in the overbought zone according to the technical indicator relative strength index or RSI.

  • Syngene International's Q4FY22 profit rises 7% YoY to Rs 148 crore and revenue rises 14% YoY to Rs 773 crore. The growth is result of the company catching up on projects delayed by supply chain issues and other Covid-related disruptions. In FY22, the company's profit rises 10% YoY to Rs 421 crore.

  • HDFC Securities initiates a 'BUY' on Mahindra & Mahindra with a target price upside of 17.8%. The brokerage is positive on the auto major as it is witnessing a strong traction in its utility vehicle segment especially for new launches like XUV 700. HDFC Sec also expects the sales volumes for M&M's tractor segment to revive in FY23.

  • Rainbow Childrens Medicare’s Rs 1,580.85-crore IPO gets bids for 29% of the available 2.05 crore shares on offer on the first day of bidding. The retail investor quota gets bids for 48% of the available 1.01 crore shares on offer. The public issue comprises of a fresh issue of equity shares of Rs 280 crore and an offer for sale of up to Rs 1,300.85 crore.

  • Campus Activewear’s Rs 1,400-crore IPO gets bids for 3.21X of the available 3.36 crore shares on offer on second day of bidding. The retail investor quota gets bids for 3.94X of the available 1.6 crore shares on offer.

  • Public sector bank stocks like State Bank of India, Bank of Baroda, and Canara Bank, among others, are falling in trade. The broader sectoral index Nifty PSU Bank is also trading in the red.

  • KPIT Technologies Q4FY22 net profit rises 14.6% QoQ to Rs 80.5 crore and revenue rises 5.3% QoQ to Rs 664.8 crore. The growth in revenues is primarily due to the Americas region with a 10.1% QoQ rise in revenues to Rs 250.6 crore. However, employee benefits expense rises 57.1% QoQ.

  • Mahindra Logistics is trading with more than 32 times its weekly average trading volume. KPIT Technologies, Vardhman Textiles, UTI Asset Management Company, and Dilip Buildcon are trading at more than four times their weekly average trading volumes.

  • CARE Ratings slumps in trade after Managing Director and CEO Ajay Mahajan resigns citing personal reasons. His resignation is effective from the closure of business hours on May 31. Executive Director Mehul Pandya will be the interim CEO from June 1 onwards.

  • NTPC signs a memorandum of understanding (MoU) with Energy Vault Holdings for the deployment of gravity-based energy storage technology. The objective of the MoU is to form a long-term partnership with Energy Vault for the deployment of Energy Vault’s EVx, a gravity-based energy storage technology and software solutions, based on the outcome of a joint feasibility study.

  • Axis Securities maintains a ‘Buy’ rating on Cyient with a target price of Rs 1,000, indicating an upside of 11%. The brokerage believes the company’s recent acquisition of Citec will provide profitable growth in the coming quarters. The brokerage remains positive on the company’s order pipeline, which has multiple long-term contracts in the field of ER&D (Engineering Research & Development).

  • Tata Consultancy Services, HDFC Bank, ACC, and Hathway Cable & Datacom, among others, are outperforming the Nifty 50 index over the past week, post Q4FY22 results.

  • Life Insurance Corporation of India (LIC) IPO's price band is set at Rs 902-949 per share. The Centre will now sell only up to 3.5% stake in the IPO instead of the earlier 5%. The Centre expects to receive up to Rs 21,000 crore from the share issue. The IPO opens on May 4 and closes on May 9.

  • Omaxe surges after securing funding of Rs 440 crore from Varde Partners, a global alternative investment firm. The company will deploy the funds for the acceleration of construction and expansion and delivery of its projects.

  • United Breweries’ Q4FY22 profit rises 61% YoY to Rs 163.4 crore and revenues increase by 1.3% to Rs 3,664.7 crore. Net profit rises despite a marginal increase in revenue as the company reported an exceptional item loss of Rs 62.2 crore in Q4FY21.

  • Schaeffler India rises as its Q4FY22 net profit rises 48.4% YoY to Rs 207.1 crore and revenue rises 18.6% YoY to Rs 1,587.6 crore driven by growth in the mobility components segment.

  • AU Small Finance Bank’s Q4FY22 net profit rises 105% YoY to Rs 346 crore and revenue rises 26% YoY to Rs 1,978.4 crore on higher interest margins. Net interest income rises 42.8% YoY to Rs 937 crore and net interest margin rises by 60 bps YoY to 6.3%. The lender’s net NPAs (non-performing assets) decline by 170 bps YoY to 0.5%.

  • Bajaj Finance’s Q4FY22 net profit rises 79.6% YoY to Rs 2,420 crore and revenue rises 25.9% YoY to Rs 8,630.3 crore. Net interest income grows 30% YoY to Rs 6,068 crore and fee income rises 51% YoY to Rs 1,164 crore. Total AUM (assets under management) for the NBFC rises 29% YoY to Rs 1.97 lakh crore.

  • Tata Coffee’s net profit rises 12% YoY to Rs 64.28 crore in Q4FY22 and revenues increase by 8% to Rs 663.4 crore. Net profit rises despite a 31.2% increase in cost of raw materials to Rs 256.4 crores due to changes in inventories of finished goods, work in progress, and stock-in-trade.

  • Rainbow Childrens Medicare raises Rs 470 crore from anchor investors by selling 86.63 lakh equity shares at Rs 542 per share. Investors include Government of Singapore, Monetary Authority of Singapore, IIFL Special Opportunities Fund, Bajaj Allianz Life Insurance, HDFC Life Insurance, SBI Mutual Fund (MF), HSBC, Nippon India, among others.

  • Wipro to acquire Rizing Intermediate Holdings, a global SAP consulting firm to help expand its SAP consulting operations. According to reports, the value of the deal is $540 million. The deal is expected to help Wipro expand its services in oil and gas, utilities, manufacturing, and consumer industries. The acquisition is subject to regulatory approvals and the transaction will close before June 30.

Riding High:

Largecap and midcap gainers today include Endurance Technologies Ltd. (1,239.05, 6.54%), Ruchi Soya Industries Ltd. (1,103.45, 6.53%) and Adani Power Ltd. (299.20, 4.74%).

Downers:

Largecap and midcap losers today include Bajaj Finance Ltd. (6,714.10, -7.27%), MindTree Ltd. (3,538.35, -4.35%) and Trent Ltd. (1,225.00, -4.29%).

Crowd Puller Stocks

24 stocks in BSE 500 are trading on high volumes today.

Top high volume gainers on BSE included Alok Industries Ltd. (27.75, 16.35%), KPIT Technologies Ltd. (586.55, 12.50%) and IIFL Finance Ltd. (388.25, 9.83%).

Top high volume losers on BSE were UTI Asset Management Company Ltd. (860.05, -7.51%), Bajaj Finance Ltd. (6714.10, -7.27%) and Krishna Institute of Medical Sciences Ltd. (1,295.70, -3.13%).

Mahindra Logistics Ltd. (517.15, 8.74%) was trading at 40.9 times of weekly average. TTK Prestige Ltd. (777.55, -0.87%) and Schaeffler India Ltd. (2,234.90, 6.48%) were trading with volumes 11.4 and 6.8 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

10 stocks hit their 52-week highs, while 2 stocks hit their 52-week lows.

Stocks touching their year highs included - Adani Ports & Special Economic Zone Ltd. (887.30, -2.44%), Adani Power Ltd. (299.20, 4.74%) and EID Parry (India) Ltd. (522.45, -3.81%).

Stocks making new 52 weeks lows included - Infibeam Avenues Ltd. (17.50, -3.31%) and Zomato Ltd. (75.85, -4.71%).

14 stocks climbed above their 200 day SMA including Alok Industries Ltd. (27.75, 16.35%) and Just Dial Ltd. (914.50, 6.83%). 19 stocks slipped below their 200 SMA including Bajaj Finance Ltd. (6,714.10, -7.27%) and Hindustan Petroleum Corporation Ltd. (281.85, -3.64%).

 
T
Trendlyne Marketwatch
26 Apr 2022
Market closes higher, Campus Activewear’s Rs 1,400-crore IPO gets bids for 1.24X of total shares on offer

Trendlyne Analysis

Nifty 50 closed in the green with the Indian volatility index falling by 9.5%. Asian shares closed higher after all major indices closed in the red on Monday. US indices recovered their losses towards the end of the trading session to close higher on Monday after Twitter’s board accepted Elon Musk’s $44 billion cash offer to take the company private. Global sentiment remains fragile on the back of China’s economic slowdown, high inflation level, and prospect of aggressive monetary policy tightening by the Fed. Crude oil continues to fall as investors assess the impact of China’s Covid-19 resurgence on the outlook for global demand. European indices trade higher, following the global trend amid mixed cues.

All sectoral indices closed in the green. Nifty Smallcap 100 and Nifty Midcap 100 closed higher, following the benchmark index. Nifty Metal, which lost 2.85% on Monday, closed 1.28% higher. Nifty IT also closed in the green, tracking the tech-heavy NASDAQ 100, which closed 1.32% higher on Monday.

Nifty 50closed at 17,200.80 (246.9, 1.5%), BSE Sensexclosed at 57,356.61 (776.7, 1.4%) while the broader Nifty 500closed at 14,898.35 (225.4, 1.5%)

Market breadth is in the green. Of the 1,872 stocks traded today, 1,102 were in the positive territory and 733 were negative.

  • AIA Engineering, IFB Industries, Thyrocare Technologies, and Sanofi India are trading with higher volumes as compared to Monday.

  • Hindustan Aeronautics and Bharat Electronics rise as they ink a pact to co-produce and develop ‘Long Range Dual Bank IRST (Infra-Red Search & Track System)’ for Sukhoi 30 MKI. This development of high-end strategic technology for the air fighter is a part of the ‘Make in India’ initiative.

  • PSU Bank stocks like Canara Bank, State Bank of India, Bank of Baroda, and Indian Bank, among others, are rising in trade. The broader sectoral index Nifty PSU Bank is also trading in the green.

  • Atul is falling as the company's Q4FY22 profit falls 22.7% YoY to Rs 136.56 crore due to a rise in expenses of materials, power, fuel, and water, despite a 22.8% YoY rise in revenue to Rs 1,370.42 crore. In FY22, the company's profit falls 8.4% YoY to Rs 604.74 crore.

  • IT stocks like Wipro, Infosys, Tech Mahindra, and MphasiS, among others, are in the oversold zone, according to the technical indicator relative strength index or RSI.

  • Auto stocks like Ashok Leyland, TVS Motor, Bajaj Auto, and Hero MotoCorp, among others are rising in trade. The broader sectoral index Nifty Auto is also trading in green.

  • Campus Activewear’s Rs 1,400-crore IPO gets bids for 1.24X of the available 3.36 crore shares on offer on the first day of bidding. The retail investor quota gets bids for 1.88X of the available 1.6 crore shares on offer. The issue is entirely an offer for sale of Rs 1,400 crore.

  • ACC, Angel One, Cyient, and Mahindra CIE Automotive, among others, are rising over the past week after announcing their Q4FY22 results

  • Shriram Properties signs an MoU with LOGOS for a sale of 90 acres of land in Shriram Grand City, Kolkata. LOGOS will use this land to build a warehousing and logistics park. Post the transaction the project is likely to complete by H2FY23.

  • Endurance Technologiesis trading with more than 12 times its weekly average trading volume. Mahindra CIE Automotive, Bombay Burmah Trading Corporation,TVS Motor, and Nippon Life India Asset Managementare trading at more than four times their weekly average trading volumes.

  • ICICI Direct maintains a ‘Buy’ rating on Tata Communications with a target price of Rs 1,610, indicating an upside of 30%. The brokerage remains positive on the company due to its improving cash flows, growing digital platforms and data business, and a healthy order pipeline. The brokerage expects net profit to rise at a 13.7% CAGR over FY22-24.

  • Meghmani Finechem's Q4FY22 net profit jumps 3X YoY to Rs 99 crore while revenues rise 93% YoY to Rs 499 crore. Higher sales realizations for caustic soda and hydrogen peroxide product lines drives overall profit growth in Q4FY22

  • MindTree outperforms Larsen & Toubro Infotech (LTI) by 4.0 percentage points in QoQ net profit growth in Q4FY22. However, LTI outperforms MindTree on nine out of 16 fundamental parameters like QoQ revenue growth, annual return on equity, price-to-earnings ratio, among others, according to Trendlyne’s Stock Comparison tool.

  • Gujarat Mineral Development Corporation reports a net profit in Q4FY22 of Rs 175.8 crore against a loss of Rs 184.6 crore a year ago. Revenue rises 80.3% YoY to Rs 1,097 crore driven by growth in the mining and power segments. In FY22, the company reports a net profit of Rs 405 crore against a loss of Rs 39.3 crore a year ago and revenue rises 93.6% YoY to Rs 2,888.9 crore.

  • Tatva Chintan Pharma Chem is falling as Q4FY22 profit falls 7.2% YoY to Rs 18.9 crore and revenue falls 3.2% YoY to Rs 103.1 crore. In FY22, the company's profit rises 83% to Rs 95.9 crore.

  • Citi upgrades Reliance Industries to ‘Buy’ with a target price of Rs 3,170, according to reports. It expects the company’s EBITDA to grow 3-9% over FY23-24. However, the brokerage sees no major growth in the O2C (oil-to-chemical) segment in Q4FY22.

  • Veranda Learning Solutions is rising as it acquires T.I.M.E (Advanced Educational Activities Pvt Ltd) for Rs 287 crore. The acquisition includes the business of spoken English under VETA brand and pre-school operations under T.I.M.E brand. The acquisition will be in a phased manner with 80% of the outstanding capital along with management control in phase 1, followed by the purchase of the remaining 20% at the end of two years.

  • Tata Investment Corporation’s Q4FY22 net profit rises more than 7X YoY to Rs 20.2 crore and revenue rises 71% YoY to Rs 50.9 crore on the back of a rise in dividend income and net gain on fair value changes. In FY22, net profit rises 38.6% YoY to Rs 214.46 crore and revenue rises 55% YoY to Rs 254 crore.

  • Campus Activewear raises Rs 418.3 crore from investors by selling 1.43 crore equity shares at Rs 292 per share to 32 anchor investors. Investors include Abu Dhabi Investment Authority, Nomura, CLSA, Societe Generale, Goldman Sachs, ICICI Prudential, HDFC Life Insurance, Motilal Oswal, among others.

  • Mahindra CIE Automotive reports net profit in Q1CY22 of Rs 168.69 crore against a loss of Rs 76.1 crore a year ago. Net sales rise 14.6% YoY to Rs 1,202.2 crore with revenue increasing 16.4% YoY to Rs 992.4 crore.

  • Biocon’s subsidiary Biocon Biologics bags a three-year contract for its recombinant brand of human insulin, worth Rs 688.45 crore from Malaysia’s Health Ministry. Biocon Sdn. Bhd., the Malaysian subsidiary of Biocon Biologics will manufacture and supply the range of insulins.

Riding High:

Largecap and midcap gainers today include Ruchi Soya Industries Ltd. (1,035.80, 9.07%), Adani Transmission Ltd. (2,812.55, 7.52%) and Cholamandalam Investment & Finance Company Ltd. (764.00, 6.82%).

Downers:

Largecap and midcap losers today include Gland Pharma Ltd. (3,142.95, -4.57%), Atul Ltd. (9,358.00, -4.47%) and Laurus Labs Ltd. (572.10, -3.67%).

Volume Shockers

21 stocks in BSE 500 are trading on high volumes today.

Top high volume gainers on BSE included Mahindra CIE Automotive Ltd. (223.55, 12.39%), Gujarat Alkalies & Chemicals Ltd. (1,028.75, 10.89%) and Ruchi Soya Industries Ltd. (1,035.80, 9.07%).

Top high volume losers on BSE were Atul Ltd. (9,358.00, -4.47%) and Procter & Gamble Hygiene & Healthcare Ltd. (13,822.55, -1.60%).

Endurance Technologies Ltd. (1,162.95, 3.28%) was trading at 14.0 times of weekly average. TVS Motor Company Ltd. (681.50, 4.95%) and Bombay Burmah Trading Corporation Ltd. (1,026.55, 8.87%) were trading with volumes 8.5 and 7.9 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

12 stocks made 52-week highs, while 1 stock hit their 52-week lows.

Stocks touching their year highs included - Adani Ports & Special Economic Zone Ltd. (909.50, 5.81%), Adani Power Ltd. (285.65, 5.00%) and Cholamandalam Investment & Finance Company Ltd. (764.00, 6.82%).

Stock making new 52 weeks lows included - Infibeam Avenues Ltd. (18.10, -2.43%).

25 stocks climbed above their 200 day SMA including Mahindra CIE Automotive Ltd. (223.55, 12.39%) and Ruchi Soya Industries Ltd. (1,035.80, 9.07%). 11 stocks slipped below their 200 SMA including Atul Ltd. (9,358.00, -4.47%) and Laurus Labs Ltd. (572.10, -3.67%).

 
logo
The Baseline
26 Apr 2022
Which stocks got the attention of Jhunjhunwala, Singhania, Kacholia in Q4?
By Suhas Reddy

Superstarinvestors with large portfolios bought stakes in some interesting companies in Q4FY22. We take a look at the stocks which Superstar investors bought or added to their portfolios this quarter.

The tumultuous first few months of 2022 meant that most Superstar investors other than Rakesh Jhunjhunwala, Dolly Khanna, and Ashish Kacholiasaw the value of their public portfolios shrink. By the end of FY22, Jhunjhunwala’s portfolio value had risen by more than Rs 9,000 crore while Khanna’s value increased as she went on a buying spree.

No new stocks in Rakesh Jhunjhunwala’s portfolio 

Rakesh Jhunjhunwala’sconsolidated net worth at the end of Q4FY22 was Rs. 33,753.9 crore. The ace investor added a 0.4% stake in Canara Bankto take his stake to 2%. Canara Bank’s shares gained 74% in the past year as of April 26, 2022. The ace investor raised his stake in Jubilant Pharmovaby 0.5% to 6.8%, and in Indiabulls Housing Financeby 0.2% to 1.3% in Q4FY22. Indiabulls Housing Finance and Jubilant Pharmova’s shares are down 10.3% and 40.3%, respectively, over the past year. It appears the ‘Big Bull’ is optimistic about the two companies moving forward despite the stocks correcting this year.

Sunil Singhania’s Abakkus Fund picks up minor stakes in small-cap stocks

Sunil Singhania’s Abakkus Fund’s net worth in Q4FY22 was Rs 2,257.6  crore. Abakkus Fund bought an additional 1.1% stake in Rupa & Companyin Q4FY22. Rupa & Company is a knitwear brand that produces casual wear, sleepwear, and thermal wear. His fund also bought an additional 0.4% stake in the precision engineering company Dynamatic Technologies. 

In Q4FY22, Singhania’s Abakkus Fund also added minor stakes in small-cap companies, including a 0.1% increase to take his stake in Rajshree Polypackto 7.8%, and a 0.1% stake to take his stake in The Anup Engineeringto 5.7%.  He also bought a 0.1% stake in IIFL Securitiesto take his stake in the company to 3.2%.

Ashish Kacholia adds four new companies to his portfolio

Ashish Kacholia’s net worth in Q4FY22 was Rs 1,948.8 crore. Kacholia bought a 2.8% stake in IT services company Creative Newtechduring the quarter. He also picked up a 1.8% stake in Stove Kraft, a household appliances manufacturer, and a 1.8% stake in Fineotex Chemicaland bought a 1.4% stake in Gravita India, which makes lead metal and lead products.

The marquee investor also added a 0.7% stake in the polymer processing company Xpro Indiaincreasing his holding to 3.6%. He bought an additional 0.2% stake in Yasho Industries. There were four other stocks where he increased his stake by a small amount like Ami Organics, United Drilling Tools,Faze Three, and La Opala RG. 

Dolly Khanna buys stakes in fertilizer, metals, and textile companies in Q4FY22

Dolly Khannawent shopping in Q4FY22. She scooped up stakes in two metal and mining companies–Pondy Oxides & Chemicals(a 3.6% stake) and Sandur Manganese & Iron Ores(a 1.5% stake). This was probably in anticipation of a surge in commodity prices due to the conflict in Europe. The stocks gave a 3.8X and 3.5X return, respectively, in the past year. 

Khanna also bought stakes in two agrochemical and fertilizer companies–Sharda Cropchem(a 1.4% stake) and Khaitan Chemicals and Fertilizers(a 1% stake) Both these companies gave a 2.3X and 6X return respectively over the past year. She also bought a 1.4% stake in Goa Carbonand a 1.1% stake in Nahar Spinning Mills.

Dolly Khanna also raised her stakes in multiple companies in Q4FY22, including three fertilizer producers – Rama Phosphatesby 0.3% to 2.6%, Mangalore Chemicals & Fertilizersby 0.2% to 1.7%, and Aries Agroby 0.1% to 1.3%. 

She also raised her stake in two textile companies, RSWMby 0.1% to 1.3% and Nitin Spinnersby 0.1% to 1.8%. She appears bullish on the fertilizer and textiles sectors. She also added stakes in a host of other companies, which include Prakash Pipes, Butterfly Gandhimathi Appliances, Ajanta Soya, Simran Farms, Polyplex Corporation, New Delhi Television, and Control Print.

Porinju V Veliyath raises stake in Kaya and Taneja Aerospace & Aviation

Porinju V Veliyath-led Equity Intelligence India added a 0.2% stake in Kayato take his stake to 1.5% and added a 0.1% stake in Taneja Aerospace & Aviationto take his stake to 1.2%. Kaya is engaged in skincare, haircare, and body care treatment, and the stock gained 38.3% over the past year. Taneja Aerospace & Aviation is engaged in the manufacture and sale of various parts and components to the aviation industry. This stock gave an over 5X return in the past year.

Radhakishan Damani adds a marginal stake in VST Industries

Radhakishan Damani’s net worth in Q4FY22 was Rs 1,73,822  crore. This also includes his stake as a promoter in Avenue Supermarts. The ace investor bought a minor 0.1% stake in VST Industriesbringing his total stake in the company to 32.3%. His total stake in the company is divided between him and his companies Derive Trading And Resorts, and Bright Star Investments. 

Vijay Kishanlal Kedia loads up on Elecon Engineering

In Q4FY22, Vijay Kishanlal Kediaadded a minor stake in Elecon Engineering Companyand Vaibhav Globaltaking his holding up to 1.2% and 1.9%, respectively. The stocks rose 32.9% and 25.9%, respectively since the end of Q4FY22.

 
T
Trendlyne Marketwatch
25 Apr 2022
Market closes lower, RailTel Corporation of India bags order worth Rs 122.08 crore

Trendlyne Analysis

Nifty 50 closed in the red with the Indian volatility index, India VIX rising by over 15%. All major Asian indices closed lower, following the global trend, on fears of high inflation levels and prospect of aggressive monetary policy by the US Fed. US indices closed sharply lower on Friday after the US Fed Chairman, Jerome Powell said on Thursday that a 0.5 percentage point hike is on the table for the US Fed’s next meeting to be held in May. The Euro trades lower after opening in the green following French President Emmanuel Macron's win against Marine Le Pen, which was largely expected by markets and political analysts. Shanghai SE Composite Index closed over 5% lower as the Covid-19 outbreak spread to Beijing with some areas in the capital under lockdown.

Nifty Smallcap 100 and Nifty Midcap 100 closed in the red, following the benchmark index. Nifty Bank, which opened in the red, closed marginally higher than Friday’s level. Nifty IT closed in the red, tracking the tech-heavy NASDAQ 100, which fell 2.6% on Friday.

NIfty 50closed at 16,953.95 (-218, -1.3%), BSE Sensexclosed at 56,579.89 (-617.3, -1.1%) while the broader Nifty 500closed at 14,673.00 (-221.9, -1.5%)

Market breadth is moving down. Of the 1,924 stocks traded today, 355 were on the uptrend, and 1,540 went down.

  • Supreme Industries, EPL, Solar Industries India, and Hindustan Unilever are trading withhigher volumes as compared to Friday.

  • Realty stocks like DLF, Macrotech Developers, Godrej Properties, Oberoi Realty and Prestige Estates projects, among others, are falling in trade. The broader sectoral index Nifty Realty is also trading in the red.

  • Century Textiles rises as it reports a net profit of Rs 84.4 crore in Q4FY22 against a loss of Rs 10 crore, a year ago. Total sales jump 44.8% YoY to Rs 1,188 crore. The company recommends a dividend of Rs 4 per share for the year FY22.

  • Dalmia Bharat and Birlasoft touch an all-time high of Rs 1,180 and Rs 314.5, respectively. Dalmia Bharat is rising for three consecutive sessions while Birlasoft rises for two consecutive sessions.

  • India Ratings and Research expects growth momemtum for residential real estate sector to be robust in FY23 and sees a 12% YoY rise in housing sales for FY23.

  • RailTel Corporation of India receives order worth Rs 122.08 crore from Electronics & Information Technology Department, Government of Odisha for provisioning of secondary bandwidth for Odisha State Wide Network project. RailTel’s project is to be completed over a period of five years.

  • Edelweiss maintains a ‘Buy’ rating on ICICI Bank with a target price of Rs 945, indicating an upside of 26%. The brokerage remains bullish on the company’s overall improvement in asset quality, strong digital push, focus on risk management and good provision coverage. The brokerage expects revenue to grow at a 16.8% CAGR over FY22-24.

  • Godrej Agrovet is trading with more than 15 times its weekly average trading volume. Mahindra CIE Automotive, Rossari Biotech, Quess Corp, and Hikalare trading at more than four times their weekly average trading volumes.

  • Godrej Agrovet rises after Indonesia announces ban on palm oil exports. Godrej Agrovet is a major local producer of palm oil and specializes in palm oil plantations, crop protection, among others.

  • Metal stocks like Tata Steel, Hindalco Industries, Vedanta, Hindustan Zinc, NMDC and Coal India, among others, are falling in trade. The broader sectoral index BSE Metal is also trading in red amid concerns of poor metal demand in China.

  • Stocks like Maruti Suzuki India, Motilal Oswal Financial Services, Ambuja Cements, and Biocon, among others, are rising over the past week, ahead of their financial results.

  • Glenmark Pharma launches Teneligliptin + Pioglitazone fixed dose combination (FDC) drug for Type 2 Diabetes in India. This FDC drug, under the brand name Zita Plus Pio, helps improve glycemic control among adult patients with insulin resistance. Glenmark Pharma is the first company to launch this FDC in India.

  • Cyient to acquire a 100% stake in Citec, an international plant and product engineering services company for Euro 94 million or Rs 775.7 crore in an all-cash deal. The company expects the acquisition to strengthen its presence in the European markets and add new engineering capabilities to its portfolio.

  • Tejas Networks falls after it reports a net loss of Rs 49.6 crore in Q4FY22 against a profit of Rs 33.5 crore in Q4FY21. Its revenues fell 37.24% YoY to Rs 141 crore as semiconductor shortages hit telecom gear production.

  • Tata Metaliks is falling as its Q4FY22 net profit falls 30% YoY to Rs 52.36 crore despite a 22.5% increase in revenues to Rs 807.9 crore. Net profit falls as cost of materials rises 44% YoY to Rs 542.7 crore in Q4FY22 due to increase in prices of major raw materials like coal, coke, and iron ore.

  • Welspun Corp receives an export order from South East Asia of 55,000 million tonnes for the manufacture and supply of pipes for an important offshore project. The order will be executed from the facilities existing in India.

  • Hindustan Zinc’s Q4FY22 net profit rises 18% YoY to Rs 2,928 crore and revenue rises 25% YoY to Rs 9,074 crore on the back of higher volumes and a rise in metal prices. EBITDA rises 29% YoY to Rs 5,007 crore. In FY22, net profit rises 20.6% YoY to Rs 9,629 crore and revenue rises 25.4% YoY to Rs 30,656 crore.

  • FMCG stocks like Hindustan Unilever, Nestle India, Britannia Industries, ITC, and Godrej Consumer Products, among others are falling in trade after Indonesia announces a ban on palm oil exports. The broader sectoral index Nifty FMCG is also trading in the red.

  • ICICI Bank’s Q4FY22 net profit jumps 59% YoY to Rs 7,019 crore with net interest income rising 21% YoY to Rs 12,605 crore. Provisions fall 63% YoY to Rs 1,069 crore. The bank’s asset quality improves as NPAs fall by 136 bps YoY to 3.6% and 38 bps to 0.76%, for gross and net NPAs respectively. Fee income grew 14% YoY to Rs 4,366 crore with retail, rural, business, and SME banking contributing 77% to total fee growth.

  • Sun Pharmaceuticals and Aurobindo Pharma are recalling different products in the US market for various reasons, as per the enforcement report by the US Food and Drug Administration (USFDA), according to reports. Aurobindo Pharma is recalling Cyanocobalamin Injection, which is used to treat and prevent vitamin B12 deficiency. Sun Pharma is recalling Cequa, a drug used to increase production of natural tears in the eyes.

  • Reliance Industries cancels its Rs 24,713-crore deal with Future Group to take over its retail assets. Future Group's secured creditors voted against the scheme of transfer of its retail and logistics business to the Reliance Industries' subsidiaries, despite unsecured creditors and shareholders approving the deal.

Riding High:

Largecap and midcap gainers today include Varun Beverages Ltd. (1,094.80, 5.28%), Adani Power Ltd. (272.05, 5.00%) and Aditya Birla Capital Ltd. (115.75, 2.93%).

Downers:

Largecap and midcap losers today include Tata Communications Ltd. (1,119.50, -9.29%), Coal India Ltd. (188.45, -6.78%) and Hindustan Zinc Ltd. (322.85, -6.52%).

Volume Rockets

14 stocks in BSE 500 are trading on high volumes today.

Top high volume gainers on BSE included Mahindra CIE Automotive Ltd. (198.90, 6.34%), IOL Chemicals and Pharmaceuticals Ltd. (481.90, 5.62%) and Tube Investments of India Ltd. (1,822.30, 4.13%).

Top high volume losers on BSE were Tata Communications Ltd. (1,119.50, -9.29%), Hikal Ltd. (393.70, -5.73%) and Nippon Life India Asset Management Ltd. (317.35, -3.00%).

Godrej Agrovet Ltd. (505.70, 2.18%) was trading at 22.9 times of weekly average. Century Textiles & Industries Ltd. (886.40, 0.85%) and Quess Corp Ltd. (672.60, 1.61%) were trading with volumes 8.0 and 7.6 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

3 stocks made 52-week highs, while 2 stocks hit their 52-week lows.

Stocks touching their year highs included - Adani Power Ltd. (272.05, 5.00%), Swan Energy Ltd. (320.40, 4.35%) and Vinati Organics Ltd. (2,158.60, -2.03%).

Stocks making new 52 weeks lows included - Pfizer Ltd. (4,315.25, -0.76%) and HDFC Asset Management Company Ltd. (2,005.00, -2.03%).

9 stocks climbed above their 200 day SMA including Aditya Birla Capital Ltd. (115.75, 2.93%) and KRBL Ltd. (253.10, 1.77%). 25 stocks slipped below their 200 SMA including Hindustan Zinc Ltd. (322.85, -6.52%) and Just Dial Ltd. (851.30, -4.54%).

 
logo
The Baseline created a screener Analyst Disagreement - target …
25 Apr 2022