2021-07-07 06:56:50
Stocks in the news:
1.Titan: Titan in its pre-quarterly update of Q1FY22 highlighted that healthy growth trajectory sustained till mid-April 2021, until lockdown disrupted demand. Most of the sales in May was lost and total store operational days in Q1FY22 stood at 47%. The jewellery division reported sales de-growth ~60% QoQ (107% YoY), excluding bullion sales. The division is gaining good traction and despite lower number of store operational days in June 2021, sales was marginally ahead YoY. The watches and eyewear segment have also witnessed rapid recovery in walk-ins with the re-opening of stores, which was seen in only Jewellery division last year. Overall revenues (excluding bullion sales) recorded growth of 117% YoY (down 60% QoQ).
2.Tata Steel: Tata Steel in its investor day yesterday indicated that it will increase its India's production capacity to 40 million tonnes per annum (Mtpa) by 2030 from 19.6 Mtpa currently. At the consolidated level, Tata plans to maintain the net debt/EBITDA below 2x across steel cycles.
3.Tata Motors: JLR informed that global semiconductor supply shortage led to ~27% lower than planned dispatches in Q1FY22 (~84k units) and could reduce Q2FY22E dispatches by ~50% of planned volumes.
4.Bajaj finance: Bajaj finance reported its key business figures for Q1FY22 in a regulatory filing. New loans booked during the quarter stood at 46 lakhs as compared to 57 lakhs QoQ and 18 lakh YoY while the company acquired 19 lakh new customers in Q1 versus 22.6 lakh QoQ and 5 lakh YoY. AUM stood at ₹ 159,000 crore as compared to ₹138,055 crore YoY reporting a jump of 15.1% YoY and 4.6% QoQ.
5.Sobha: On a benign base of Q1FY21 (39% decline in sales volume), Sobha Ltd has achieved total sales volume of 895,539 sq ft valued at | 683 crore during Q1 FY22, up by 38%,40%, respectively. On QoQ basis, Sales volume and value declined by 33% and 37%, respectively, owing to washout May, 2021 due to second wave.
6.NCL Industries: NCL Industries sales volume for the quarter grew by 44% YoY (flat QoQ) to .69MT while cement board dispatches were up by 32% YoY to 10634 tonne
7.Info Edge: Info Edge has agreed to acquire 100%Share Capital oog DoSelect for | 21 crore. DoSelect is engaged in the business of providing technical assessment services to its clients for recruitment and learning purposes. It delivers these services via its technical assessment platform ‘doselect.com.
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