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IRCTC Q2 profit jumps nearly five-fold; stock stabilises after convenience fee jolt

by 5paisa Research Team 01/11/2021

Indian Railway Catering and Tourism Corporation (IRCTC) on Monday reported a jump of almost five times in its net profit for the second quarter, as a recovery in rail traffic boosted its revenue.

The state-run company posted a net profit of Rs 158.6 crore for the three months through September, compared with Rs 32.6 crore for the corresponding period a year ago.

Revenue from operations surged to Rs 405 crore from Rs 88.6 crore a year earlier.

Earnings before interest, taxes, depreciation and amortisation (EBITDA) soared to Rs 211.5 crore for the July-September period from Rs 5.6 crore a year earlier.

Shares of IRCTC bounced back from intraday losses after the results were announced. The shares closed 1.6% higher at Rs 859 apiece on the BSE in a Mumbai market that gained 1.4%.

The shares had plunged as much as 29% on Friday after the company said after market hours on Thursday that the railway ministry had asked it to share half the convenience fee that it charges on online ticket bookings.

The stock touched a low of Rs 650 apiece on Friday, but bounced back to close at Rs 845.65 apiece after the government rolled back its decision. The shares have lost a third of their value since touching a record high of Rs 1,278.60 apiece, after adjusting for a stock split, on October 19.

Analysts say the flip-flop could weigh on investor sentiment towards not only IRCTC but also other public-sector companies since it indicates weak corporate governance practices and inadequate safeguards for minority shareholders.

IRCTC Q2: Other highlights

1) Revenue from catering business jumped over four-fold to Rs 71.4 crore from Rs 17 crore a year earlier.

2) Rail Neer revenue rose to Rs 41.2 crore from Rs 9.2 crore a year earlier.

3) Revenue from internet ticketing unit climbed to Rs 265.3 crore from Rs 58.3 crore.

4) The tourism business brought in revenue or Rs 27.1 crore, up from Rs 3.9 crore a year ago.

5) IRCTC's EBITDA margin stood at 52.2% in the second quarter.

6) Total expenses doubled to Rs 207 crore from Rs 104 crore a year earlier.

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Top 10 gainers and losers in BSE 500 index

Top 10 gainers and losers in BSE 500 index
by 5paisa Research Team 01/11/2021

With the festive season around the corner, the economic activities have gained pace. The GST collections during the month of October stood at Rs 1.3 lakh crore, up by 24% YoY. This happens to be second highest collection made since implementation of GST, thus marking an economic recovery. While the automobile sector continues to face the brunt of semi-conductor shortages, India reached the 1 billion vaccinations milestone on 22 October, 2021. During this period, Sensex crossed the 60,000 mark and witnessed a correction thereafter. It went from 58,765.58 on 1 October to 59,306.93 on 29 October, delivering returns of 0.92%. Similarly, BSE 500 index moved up by 0.48% and touched 23990.09 on 29 October.

Let us have a look at the top 10 gainers in BSE 500 index

Company Name 

Returns% 

Maharashtra Seamless Ltd. 

53.05 

Tata Motors Ltd. 

45.12 

Network 18 Media & Investments Ltd. 

42.3 

Tanla Platforms Ltd. 

32.96 

Tata Motors Ltd. - DVR Ordinary 

31.94 

Shoppers Stop Ltd. 

31.24 

Tata Power Company Ltd. 

30.84 

Trident Ltd. 

29.08 

Union Bank Of India 

27.02 

Radico Khaitan Ltd. 

24.87 

Tata Motors Ltd

On 12 October, the company informed that it entered into a binding agreement with TPG Rise Climate, for raising Rs 7,500 crore from the latter and its co-investor ADQ. These funds shall be invested in a subsidiary of Tata Motors that will be newly incorporated. The new company shall channelize the funds into electric vehicles, dedicated BEV platforms, advanced automotive technologies and will create a portfolio of 10 EVs. In October, the share price of the company went from Rs 333.35 on 1st October to Rs 483.75 on 29 October, delivering returns of 45.12% in a span of 1 month.

Tata Powers Ltd

On 5 October, the company informed that it entered into a strategic partnership with Tata Motors for driving the comprehensive implementation of Electric Vehicle Charging Infrastructure (EVCI) across India and deploying solar power technologies at TVS Motor locations. During the month, it also received EPC orders worth Rs 538 crore from Energy Efficiency Services Limited (EESL) for setting up 100 MW Multiple Distributed Ground Mounted Solar projects. The share price of Tata Powers Ltd went from Rs 163.75 on 1 October to Rs 214.25 on 29 October, delivering returns of 30.84% in a span of 1 month.

Trident Ltd

On 7 October, the company announced the launch of its website ‘myTrident.com’. This website features top quality products from the house of Trident group ranging from towels, bedsheets, paper, notebooks, bathrobes, rugs, cushions, etc. Moving forward, the company plans to make this website live for customers across the USA within next three months. Furthermore, the company commissioned a 7.6 MW Solar Power Plant at Budhni, Madhya Pradesh for captive use, which shall result in considerable savings for the company. The share price of Trident Ltd went from Rs 29.4 on 1 October to Rs 37.95 on 29th October, delivering returns of 29.08 per cent in a span of 1 month.

Let us have a look at the top 10 losers in BSE 500 index.

Company Name 

Returns% 

Balaji Amines Ltd. 

-23.94 

PNB Housing Finance Ltd. 

-23.58 

Solara Active Pharma Sciences Ltd. 

-22.42 

Just Dial Ltd. 

-19.4 

Vaibhav Global Ltd. 

-17.34 

PCBL Ltd. 

-16.89 

Laurus Labs Ltd. 

-16.61 

Vodafone Idea Ltd. 

-16.23 

Welspun India Ltd. 

-15.5 

Bajaj Electricals Ltd. 

-15.3 

Balaji Amines Ltd

At the start of the month, the company’s unit III dimethylformamide (DMF) plant experienced a breakdown owing to an undisclosed incident. While rectifying this breakdown, the company informed that it was also adding some debottlenecking activities to increase the plant’s capacity. The estimated time period for completion of this process was about two to three weeks, during which, the DMF plant was not operational. Furthermore, the company posted its Q2FY22 results. On a consolidated basis, its net revenue grew 86.18% YoY, while the PBIDT (ex OI) and PAT grew by 78.18% and 99.23% respectively. However, the company’s share price went down by 23.94%, from Rs 4550.05 on 1 October to Rs 3460.6 on 29 October.

Just Dial Ltd

On 20th October, Just Dial announced that Reliance Retail Ventures Ltd (RRVL) acquired a controlling stake in the company for a total consideration of Rs 5,719 crores. Post this transaction, RRVL now holds a 67% stake in the company and overall, promoter group shareholding stands at 77.7%. On the Q2FY22 results front, on a consolidated basis, the net revenue declined by 6.89% YoY to Rs 155.98 crore. The PBIDT (ex OI) went down by 64.32% YoY whereas the PAT went down by 30.48% YoY. On a monthly basis, the company’s share price went down by 19.4% from Rs 989.45 on 1 October to Rs 797.5 on 29 October.

Vodafone Idea Ltd

The company’s Board of Directors recently approved the exercise of the option of deferment of the company’s AGR related dues by a period of four years with effect from 29 October 2021. This decision is in accordance with the notification issued by the Department of Telecommunications (DoT) on 14th October 2021 to the company. During the month, the share price of the company went down by 16.23%, from Rs 11.4 on 1 October to Rs 9.55 on 29 October.

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These stocks are likely to be in focus on November 2

These stocks are likely to be in focus on November 2
by 5paisa Research Team 01/11/2021

The equity markets witnessed a strong opening for the month of November 2021. The indices extended gain and traded near level highs in the final hour of the trading session.

At close, the Sensex was up 875.02 points or 1.48% at 60,181.95 level, and the Nifty was up 258 points or 1.46% at 17,929.65 level.

On the sectoral front, all the sectoral indices ended in positive territory with, realty, metal and telecom indices up more than 3%. BSE Realty Index outperformed the markets by rising 3.57% on an intraday basis.

The indices in broader markets, BSE Smallcap index and BSE Midcap index, outperformed the benchmark indices by rising 1.85% and 1.12% each.

Watch out for these stocks for Tuesday’s trading session.

Mindtree - The company has launched Digital Health Passport for Travel, a solution that provides a smarter, safer and smoother experience to global travellers in navigating frequently changing travel regulations and restrictions related to the COVID-19 pandemic. The solution offers travellers an easy, quick and secure way to comply with country-specific entry requirements and protocols. It enables them to locate COVID-19 testing providers, schedule tests and make sure that test results meet their destination’s criteria.

Thermax – The company announced the expansion of its Solar business, transitioning from the present rooftop-based Capex model to the solution-based Opex model. Thermax’s Solar business is projected to grow to a GW scale based on its Opex strategy. The new business, to be helmed by Thermax’s subsidiary, First Energy Private Limited, will work closely with customers in the commercial and industrial space and support their decarbonising journey by providing optimised renewable power.

52-week high stocks – From the BSE 500 index, the stocks of ABB India, Birla Corporation, Blue Dart Express, Blue Star, Century Plyboards, Escorts, Grindwell Norton, KSB, Minda Corporation and Triveni Turbine have been on a buzz on Monday. They have made fresh 52-week high prices in Monday’s trading session. Keep a watch on these stocks on Tuesday.

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How to save for purchasing your dream car of Rs 10 lakh in three years?

How to save for purchasing your dream car of Rs 10 lakh in three years?
by 5paisa Research Team 01/11/2021

Personal financial planning is the process of assessing and improving a person’s financial well-being with the study of economic factors, financial factors and personal decisions.

Every individual has different types of goals like purchasing a car, bike, house, property, etc. There should be a proper financial plan for the same so that, you won’t get any financial pressure when you purchase an asset. If there isn’t a lot of time for achieving the goal of purchasing a car, one shouldn’t consider investing in equity markets as they are very much volatile in nature, which might not deliver returns as expected. One should invest in equity for longer-term in order to receive optimum benefits for long-term goals such as retirement, children’s education or marriage, etc.

For fulfilling this particular goal, one should invest in debt mutual funds, which will deliver consistent returns with minimal risk. If anyone is willing to take additional risk, then they can invest in equity too. One might have to dedicate a larger amount towards investment for fulfilling your goal if it is in the near term. On average, debt mutual funds offer 8%-12% annually.

So, let’s know what amount you must invest every month in order to fulfil your goal:

If you decide to invest in Sundaram Short-Term Debt Fund for fulfilling your goal of buying a car then how much you will have to invest monthly:

Investment goal: Rs 10 lakh

Rate of return: 11.74% p.a. (this is last 3 year return on SIP) 

Term (period): 3 years

Monthly investment amount - Rs 23,076.76

As we can see in the above picture, in order to fulfil the goal of purchasing a car, one will have to invest Rs 23,076.76 every month in a debt mutual fund scheme named short duration fund. In this way, saving and investing in the right instrument can help you achieve your financial goals easily and smoothly.

The above calculation is just for the sake of analysis purposes.

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Closing Bell: Sensex reclaims 60000, Nifty ends above 17900

Closing Bell: Sensex reclaims 60000, Nifty ends above 17900
by 5paisa Research Team 01/11/2021

Indian market made a strong comeback on the first day of the week and month after three days of losses, helped by buying across sectors.

Domestic equity indices snapped the three-day losing streak on Monday, November 1 due to broad-based buying interest across sectors, as investor sentiment got a boost from robust macro-economic data points. The reason for a reversal in the bearish trend is due to strong Goods and Services Tax numbers, while factory activity expanded at its quickest pace in eight months in October. During today's trading session, the Sensex rose as much as 913 points and the Nifty 50 index touched an intraday high of 17,954.10.

At the closing bell on November 1, the Sensex was up 831.53 points or 1.40% at 60,138.46, and the Nifty was up 258 points or 1.46% at 17,929.70. On market depth, about 2099 shares have advanced, 1129 shares declined, and 186 shares are unchanged.

IndusInd Bank, Hindalco Industries, HCL Technologies, Tata Steel, Dr Reddy's and SBI were among the major BSE gainers. Losers of the day were Bajaj Finserv, M&M and Nestle India.

On the sectoral front, all the sectoral indices ended in the green with metal, IT and realty indices up 2-3%. In the broader markets, BSE midcap and smallcap indices rose over 1% each.

On the performance, the country's economic activity picked up pace in October after the government collected Rs 1.30 lakh crore in Goods and Services Tax (GST), the second-highest collection ever since the introduction of GST.

Also, the Manufacturing Purchasing Managers' Index, compiled by IHS Markit, jumped to 55.9 in October from September's 53.7, the highest since February, remaining above the 50-level, separating growth from contraction for a fourth straight month.

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HDFC meets street estimates for Q2 as profit climbs 32%

by 5paisa Research Team 01/11/2021

Housing Development Finance Corporation Ltd (HDFC) reported strong earnings for the second quarter ended September 2021 with net profit just marginally ahead of what analysts expected.

India’s top mortgage lender said Monday standalone net profit shot up 32% to Rs 3,780 crore from Rs 2,870 crore in the same quarter last year and compared with Rs 3,000 crore for the three months ended June 30, 2021.

Profit was powered by dividend income from its subsidiaries including HDFC Bank, HDFC Life Insurance and HDFC Asset Management that more than tripled over the year-ago period to Rs 1,171 crore.

Net interest income grew 12.7% to Rs 4,108 crore, but fell a tad short of market forecasts.

Brokerages were expecting profit to grow 29-30% while they estimated that the firm will see net interest income of around Rs 4,200 crore last quarter.

HDFC’s share price rose 1.74% to close at Rs 2,893.25 apiece on the BSE in a strong Mumbai market on Monday.

HDFC Q2: Other highlights

1) HDFC’s assets under management (AUM) grew to Rs 5,97,339 crore from Rs 5,40,270 crore a year earlier.

2) As of September 30, 2021, individual loans comprise 78% of the AUM.

3) Growth in the individual loan book was 16% while growth in the total loan book on an AUM basis was 11%.

4) The collection efficiency for individual loans on a cumulative basis improved to over 98% in Q2.

5) Gross non-performing loans stood at Rs 10,341 crore, or equivalent to 2% of the loan portfolio.

6) Loans restructured under the RBI’s Resolution Framework for Covid-19 related stress was equivalent to 1.4% of the loan book, up from 0.9% three months before.

7) Of the loans restructured, 63% are individual loans and 37% are non-individual loans. Of the total restructured loans, 35% is in respect of just one account.

8) During the half-year ended September 30, 2021, 30% of home loans approved in volume terms and 14% in value terms have been to customers from the economically weaker section and low income group.

Loan demand

HDFC said demand for home loans remains strong and that it recorded growth both in the affordable housing segment as well as in high-end properties.

The increasing sales momentum and new project launches augurs well for the housing sector, the mortgage lender said. Individual disbursements in October were the highest ever in a non-quarter-end month. Moreover, 89% of new loan applications were received through digital channels, HDFC said.

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