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Buzzing Stock: Tanla Platforms hits 5% upper circuit post-investment by Premji Invest

Buzzing Stock: Tanla Platforms hits 5% upper circuit post-investment by Premji Invest
by 5paisa Research Team 18/11/2021

The investment arm of Azim Premji joins the list of marquee investors in the CPaaS provider.

Shares of India’s largest Communication-Platform-as-a-Service (CPaaS) company, Tanla Platforms Limited hit the upper circuit in the early trade session on Thursday after reports of funds associated with Premji Invest – the investment arm of Azim Premji's endowment and philanthropic initiatives, bought shares worth around Rs 250 crore of the company.

The two funds, namely, Pioneer Investment Fund and Prazim Trading Investment Company Private Ltd, bought 13.50 lakh shares and 6.52 lakh shares at a premium of Rs 1,200, aggregating about Rs 250 crores. These funds bought the shares sold by Banyan Investments Limited in the secondary market.

Premji Invest has been active in investing in the Indian markets for over ten years. The focus of the investments has been to grow medium-sized Indian companies into large companies that can compete globally. Investments of Premji Invest is across sectors like consumer, financials, technology, and manufacturing and includes brands like Fab India, Hygienic Research, ID foods, Lenskart, Policy Bazaar, Flipkart, Gold Plus Glass, and Shubham Housing.

Tanla’s Q2FY22 revenue and PAT saw YoY growth of 44% and 67% respectively, and FCF generation remained strong. The gross margin in the enterprise segment of the company expanded by 340 basis points amid rising competition. The management of the company has alluded to market share gains and sees a higher wallet share of existing customers and new customer acquisitions as growth drivers. The company has a strong funnel of orders from new-age companies and has been gaining market share. It expects to announce two large partnerships on the Wisely CPaaS platform during Q3 and targets the international launch of Wisely in Q4FY22.

Tanla Platforms processes more than 800 billion interactions annually and about 63% of India’s A2P SMS traffic is processed through Trubloq, making it one of the world’s largest Blockchain use cases.

At noon on Thursday, the stock of Tanla Platforms Limited was seen trading at Rs 1459.15, up by 4.73% or Rs 65.95 per share on BSE. The 52-week high of the scrip is recorded at Rs 1,462.85 and the 52-week low at Rs 425.30 on the BSE.

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These low-priced stocks are locked in the upper circuit on Thursday

These low-priced stocks are locked in the upper circuit on Thursday
by 5paisa Research Team 18/11/2021

Metal, auto and IT stocks are further underperforming broader markets.

At 1.25 pm on Thursday, 18 November 2021, frontline benchmark indices Nifty 50 and Sensex are trading in the red territory down by 0.71% and 0.59%. Nifty Bank is trading at 37,978.65 down by 70 points i.e., 0.19%. Metal, auto and IT stocks are further underperforming broader markets.

Following is the list of low-priced stocks that were locked in the upper circuit on Thursday. Keep a close eye on these counters for the upcoming sessions.

Sr no   

Stocks   

LTP   

Price Change (%)   

1  

Sintex Industries   

10.15  

4.64  

2  

Sintex Plastics Technology   

11.55  

5  

3  

3i Infotech   

85.1  

5  

4  

SEL Manufcaturing   

10.7  

4.9  

5  

Oswal Agro Mill   

24  

4.8  

6  

Indowind Energy   

15.75  

5  

7  

Goldstone Technology   

57.9  

4.99  

8  

Shah Alloys   

34.4  

4.88  

9  

Digjam   

57.1  

4.96  

10  

Mold Tek Technology   

81.05  

4.99  

11  

Kotyark Industries   

88.3  

19.97  

12  

Manugraph India   

16.8  

5  

KSB Limited registered outstanding growth in the quarter ended 30 September 2021. The sales value for 3 quarters of 2021 is stood at Rs 1,052.7 crore which is about a 26% increase over the previous year 3 quarters. Sales volume of Rs 368.1 crore was achieved for the recent quarter is a healthy 21% increase over the previous quarter. The company has said that orders on hand are for about 7 to 8 months. They also intend to extend the business activities in its existing solar segment into two categories i.e. submersible pumps and surface pumps with AC and DC Motors.

KSB Limited is one of the world’s leading suppliers of pumps, valves and systems. Combining innovative technology and excellent service to provide intelligent solutions, the company has been offering innovative and sturdy solutions to cater to the myriad needs of the Indian customer may it be in power, oil, building services, process engineering, water treatment, water transport, etc.

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These penny stocks were locked in the upper circuit on Thursday

These penny stocks were locked in the Upper Circuit on Thursday.
by 5paisa Research Team 18/11/2021

Escorts, SRF, Vodafone Idea and Castrol are among the top midcap gainers. Meanwhile, JSW Energy, Tata Power and Coforge are the top midcap losers.

Headline indices Nifty 50 and Sensex staged a decent recovery after dipping by more than 1% amid a volatile session on Thursday. Nifty Midcap 100 index is down by more than 1%, at around 31,380 levels. Escorts, SRF, Vodafone Idea and Castrol are among the top midcap gainers. Meanwhile, JSW Energy, Tata Power and Coforge are the top midcap losers.

Following is the list of penny stocks that were locked in the upper circuit on Thursday. Keep a close eye on these counters for the upcoming sessions.

Sr no   

Stocks   

LTP   

Price Change (%)   

1  

Orient Green Power   

7  

4.48  

2  

FCS Software  

1.85  

2.78  

3  

Mercator   

1.35  

3.85  

4  

Prakash Steel   

3.95  

3.95  

5  

Ankit Metal and Power   

7.95  

4.61  

6  

Viji Finance   

2.9  

3.57  

7  

JIK Industries   

0.9  

5.88  

8  

Grand Foundry   

3.6  

4.35  

9  

SITI Networks   

2.4  

4.35  

10  

Neueon Towers   

2.3  

4.55  

Rajesh Exports has recently announced that it has bagged a prestigious order worth Rs 782 crore for a designer range of jewellery from Germany. The said order is to be completed by March 2022. The company will be executing the order from its own manufacturing facility, which is the world’s largest jewellery manufacturing facility.

The company is confident of executing this order well within the time frame on the back of its expertise, skilled craftsmen, artisans and its exceptionally strong backward integrated infrastructure. The special significance of this order is the acceptance of the company’s new range of jewellery in the global markets. The company expects further significant orders for this range of jewellery from the international markets.

Rajesh Exports Ltd is a zero-debt company on a standalone basis. The company has emerged as the single largest constituent of gold business in the world. It processes about 35% of gold produced in the world. It is the only company with a presence across the value chain of gold from mining to its own retail brand.

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Trending stocks: Keep a close eye on these small-cap stocks for 22 November 2021

Trending stocks: Keep a close eye on these small-cap stocks for 22 November 2021
by 5paisa Research Team 18/11/2021

The following small-cap stocks have made fresh 52-week high today – Indian Terrain Fashions, Kabra Extrusion Technik, Sutlej Textiles and Industries, Precision Camshafts, Tanla Platforms and 3i Infotech.

Indian equity benchmark indices have exhibited a healthy recovery from the day’s low. At 2.10 pm Nifty 50 and Sensex are trading at 17,781.65 and 59,687.29 respectively, down by more than 0.50% each. Nifty Smallcap index is underperforming broader markets and is down by more than 1.20%.

Keep a close eye on these trending small-cap stocks for Monday, 22 November 2021:

Sterlite Technologies – The company has recently announced two exciting additions to its leadership team in the services and software businesses. The members on-boarded include Praveen Cherian, as the CEO for network services business and Raman Venkatraman as the CEO for software business. The company’s services business is poised for global growth and expansion into the 5G RAN deployment space and the software business is set to scale globally with innovation at the centre.

Prior to joining Sterlite Technologies, Praveen Cherian was the Executive Vice President and Head of Infrastructure Services for India and South East Asia at IBM where he was driving project-based and managed services businesses. He also holds directorial positions on the board of reputed IT services and software companies. Raman Venkatraman comes from TCS where he was the Senior Vice President and Global Head for HiTech and Professional Services and also the global head for partnerships and alliances. He has assumed multiple leadership roles across geographies throughout his illustrious career spanning close to three decades.

With these changes, the company is confident that it has built a global leadership team, which will unleash non-linear growth for all its business areas and elevate the company’s position in the market.

52-week High Stocks - The following small-cap stocks have made fresh 52-week high today – Indian Terrain Fashions, Kabra Extrusion Technik, Sutlej Textiles and Industries, Precision Camshafts, Tanla Platforms and 3i Infotech.

Keep a close eye on these counters on Monday, November 22, 2021.

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Multibagger Alert: This Textile company has given investors a return of 136% in the past year

Multibagger Alert: This Textile company has given investors a return of 136% in the past year
by 5paisa Research Team 18/11/2021

On a YTD basis, the stock has given a return of 87.63%.

One of the largest domestic yarn producers in India, Vardhman Textiles has given investors stellar returns of 136.44% over the last year. The share price stood at Rs 860.65 on November 17, 2020, and since then, the stock has more than doubled investor wealth.

Vardhman Textiles, formerly known as Mahavir Spinning, is part of the Vardhman Group, a large textile conglomerate with a presence across the textile value chain. Vardhman is among the few textile companies that have been able to maintain a debt-equity ratio below one despite continuous capacity addition. Its healthy cash flows have enabled the company to reduce debt by around Rs 152 crore in FY21. In the same period, the debt to equity ratio of the company stood at 0.3x.

The company reported its highest quarterly revenue and PAT numbers in Q2FY22. During the latest quarter, revenue grew 47% YoY and 24% QoQ to Rs 2385 crore. Gross margin expanded on a QoQ basis by 107 bps to 55.9%, while operating leverage led to EBITDA margin expansion of 1946 bps YoY (on a low base last year) and 360 bps QoQ to 28.4%. EBITDA was higher by 3.7x YoY and was reported at Rs 676 crore. Consequently, PAT grew by 7.6x YoY to Rs 481 crore.

Vardhman Textiles has a project Capex plan of Rs 1900 crore over FY22-23 for yarn capacity expansion with Rs 700 crore for ongoing expansion of 1,00,000 spindles. The company also plans to further expand its spindle capacity by 1,65,000 and would be incurring a Capex of Rs 1200 crore. The new expansion would start contributing to revenues from FY24.

With global retailers looking to de-risking their supply chains, Vardhman Textiles is expected to be a key beneficiary in the yarn and fabric segment.

At 1.20 pm on Thursday, the stock is trading at Rs 2014.25, down by 1.01% or Rs 20.65 per share on BSE. The 52-week high of the scrip is recorded at Rs 2,198.85 and the 52-week low at Rs 805.25 on the BSE.

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Escorts Ltd zooms after Kubota Corporation increases stake in the company

Escorts Ltd zooms after Kubota Corporation increases stake in the company
by 5paisa Research Team 18/11/2021

This is set to become one of the largest Indo-Japan agriculture collaborations, providing Escorts access to the global supply chain and network.

Escorts Ltd, an Indian multinational company that operates in the high-growth sectors of agri machinery, material handling, construction equipment and railway equipment, announced today that it has entered into an agreement with Kubota Corporation, one of the company’s investors, to increase the latter’s stake in the company.

At present, Kubota owns a 9.09% stake in the company, which is set to increase to 14.99%. This will be done by way of preferential allotment, in which, Escorts shall issue 93,63,726 equity shares with a face value of Rs 10 at an issue price of Rs 2,000 aggregating to Rs 1,872.74 crore.

Pursuant to the transaction, Kubota will become a Joint Promoter along with existing promoters of Escorts. Also, in accordance with the SEBI Regulations, it shall make an open offer to the public shareholders of Escorts to acquire up to 26% of the share capital.

While the preferential allotment and open offer are expected to be completed by March 2022, the company’s name has been proposed to be changed to ‘Escorts Kubota Limited’. It shall be the exclusive vehicle for the manufacture and sale of certain products in India and for sourcing from India. The company’s R&D capabilities shall undergo an enhancement that will lead to state-of-the-art product offerings. The collaboration will provide Escorts access to a global supply chain & network.  

Moreover, with an intention of making Escorts the exclusive vehicle of business in India, both the parties are considering a merger of their joint ventures Kubota Agricultural Machinery India Pvt. Ltd (KAI) and Escorts Kubota India Private Limited (EKI).

At 2.39 pm, the share price of Escorts Ltd was trading at Rs 1,815.7, up by 11.38% from the previous day’s closing price of Rs 1630.15 on BSE.

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