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KNR Constructions slips by more than 2% after posting Q2FY22 results

KNR Constructions slips by more than 2% after posting Q2FY22 results
by 5paisa Research Team 13/11/2021

The performance during the quarter was affected by a rise in the cost of materials consumed, constructions cost and tax expenses.

The company’s share price declined from Rs 292.1 on Thursday to Rs 285.3 on Friday, when the Q2FY22 results were announced, marking a decline of 2.33%.

KNR Constructions Limited, an infrastructure project development company, is engaged in engineering, procurement and construction (EPC) contracts, as well as build-operate-transfer (BOT) projects across various sectors, such as construction and maintenance of roads, highways, flyovers and bridges.

The results of Q2FY22, which were reported yesterday, were not so impressive.

During the quarter, on a consolidated basis, the company’s net revenue grew by 28.38% YoY to Rs 842 crore. The PBIDT (ex OI) increased by 3.75% to Rs 177.52 crore, while the corresponding margin contracted by 489 bps YoY to 22.42%. This contraction was driven by a rise in expenses, particularly in the cost of materials consumed and the cost of construction. Furthermore, owing to a 123% increase in tax expenses, the PAT declined by 54.71% YoY to Rs 70.27 crore. Similarly, the PAT margin contracted by 1531 bps YoY to 8.35%.

Key developments during the quarter

The company bagged a project on HAM basis from NHAI worth Rs 1041.5 crore. With this, the total order book of the company (as of 30 September 2021) stood at Rs 6,511.3 crore. In addition to this, the company’s shareholders gave a nod for the sale of a 100% stake in 3 material subsidiaries namely KNR Shankarampet Projects Private Limited, KNR Srirangam Infra Private Limited and KNR Tirumala Limited Infra Private Limited to Cube Highways and Infrastructure III Pte Limited.

Post the results announcements, India Ratings, a credit rating agency, upgraded the company’s credit rating for the long-term facilities from IND AA- to IND AA, with the outlook being stable while the short-term rating of IND A1+ remained unchanged.

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Doctor of Homeopathy became the doctor of stock market

Doctor of Homeopathy became the doctor of stock market
by 5paisa Research Team 13/11/2021

Meet the trending ace investor of Kolkata - Dr Suresh Kumar Agarwal

Dr Suresh Kumar Agarwal is an ace investor who has shown everyone that no matter from which field you belong, you can always make it big in financial markets. His academic background is diverse and strong. He has completed a master’s degree in homoeopathy and holds an MD (Homeo) degree under the Central Council of Homeopathic Physician, Government of India. He also holds a Ph D in Management and Sociology. Apart from this, Agarwal also has master’s degrees in yoga, naturopathy, ecology, law, management among others. This trending personality of Kolkata has spent more than thirty years in investing as he had started investing in the early 1990s and has accumulated a rich experience and fame over time.

Dr Agarwal runs the Agarwal Family Office and invests in various instruments such as fixed income & debt, real estate, international equity apart from traditional domestic equity. As of September end 2021, Dr Suresh Kumar Agarwal held 8 publicly traded stocks with a net worth of over Rs 328.9 crore, according to Trendlyne.

Top three holdings:

The top three stocks held by Dr Agarwal include: NIIT Ltd, Caplin Point Laboratories Ltd and Shailey Engineering Plastics Ltd. NIIT Ltd has been a multibagger, rising 2.3 times in just a year. The stock has given a year-to-date (YTD) return of about 134%, leading to the net worth total of Dr Agarwal. His current holding in NIIT is Rs 112.7 crore. Caplin Lab too has appreciated greatly by over 77% YTD, and his holding in the stock is Rs 86.3 crore. He holds about Rs 74 crore in Shailey Engineering which has almost tripled in a year’s time. Dr Agarwal likes to invest in stocks with high growth and low valuations. We can fairly conclude that value stocks and small caps are his styles of investing. He believes a good diversification strategy can go a long way.

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Let us understand why the shares of VRL Logistics have surged close to 30% in November 2021

Trending Company VRL Logistics
by 5paisa Research Team 13/11/2021

The company is poised to register healthy revenue growth with faster addition of branches in untapped regions.

Shares of VRL Logistics Ltd have delivered more than 29.62% return to its shareholders so far in November 2021. The stock has gone on to hit its all-time high of Rs 534 on Thursday, November 11, 2021, on the BSE. Moreover, over the past year, the scrip has given a staggering return of 204.93% to its shareholders, with its share price standing at Rs 485.15 as of November 12, 2021, from Rs 159.1 at the same time last year.

VRL Logistics is the largest and leading transportation and logistics company in India. It operates through segments of Goods Transport, Bus Operations, Sale of Power, and Transport of Passengers by Air.

The company reported very strong Q2FY22 results with topline growth of 44.87% YoY to Rs 640 crore on the back of a 40% growth in the goods transport (GT) segment. Volumes in the GT segment have risen over 60% YoY in the first half of FY22. Even the bus operations business of the company which was the most impacted during the Covid-19 induced lockdown last year, saw a healthy recovery with revenue from this segment growing 3x to Rs 50.3 crore. Strong topline performance resulted in the PBIDT and PAT rising by 30.74% and 60.22% YoY respectively.

The company added 22 new branches in Q2FY22 and 31 new branches in H1FY22. It is also planning to expand its network by opening new branches in the untapped market. With the faster addition of branches in untapped regions, the company is poised to register healthy revenue growth going ahead.

Furthermore, ace investor Ashish Kacholia also added VRL Logistics to his portfolio during the June-September quarter. He purchased 12,07,632 equity shares, or 1.37% stake, of the company. The stock market investor is known for picking lesser-known stocks from the midcap and smallcap segments.

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Chart Busters: Top trading set-ups to watch out on Monday

Chart Busters: Top trading set-ups to watch out on Monday
by 5paisa Research Team 15/11/2021

In the last five trading sessions, the benchmark index Nifty has gained nearly 186 points or 1.03%. On the weekly chart, the Nifty has formed a bullish candle with a long lower shadow, which indicates buying pressure at lower levels. On Friday, the Nifty index has gained 1.28% but the advance-decline ratio was in the favour of decliners. Interestingly, the Indian Volatility Index (VIX), a gauge for the market’s short-term expectation of volatility, slipped by nearly 7% to end at 15.22.

Here are the top trading set-ups to watch out for on Monday.

JK Cement: Considering the daily chart, the stock has given a downward sloping trendline resistance breakout on November 08, 2021. After registering the high of Rs 3838, the stock has witnessed minor throwback along with low volume. During the period of a throwback, the stock has retested the breakout level and started rising higher. Further, since the last two trading sessions, the stock has formed a candle with a long lower shadow. The long lower shadow of the candle is indicating buying pressure near the support level.

Currently, the stock is trading above its short and long-term moving averages. These averages are in a rising trajectory. One interesting observation on the leading indicator RSI is that in the recent throwback the RSI has never slipped below 60 levels and it has taken support near 60 and started rising higher. This indicates that the stock is in a super bullish range as per RSI range shift rules.

Talking purely about the trading levels, the zone of Rs 3570-Rs 3545 level is a crucial support area and the prior swing high of Rs 3838 will act as minor resistance for the stock.

Hisar Metal Industries: The stock has formed a bearish belt hold candlestick pattern as of July 23, 2021, and thereafter witnessed correction. The correction is halted near the 38.2% Fibonacci retracement level of its prior upward move (Rs 35.20-Rs 165) and it coincides with the 50-week EMA level. Currently, the stock has formed a strong base near the support zone and it is on the verge of giving a downward sloping trendline breakout. Further, on Friday the volumes recorded were above the 50-days average, which is a sign of accumulation before the actual breakout happen.
 

In addition, on Friday, the stock has surged above its 20-day, 50-day and 100-day EMA levels. The 20-day EMA and 50-day EMA has started edging higher, which is a bullish sign. The leading indicator, 14-period daily RSI is currently quoting at 58.19 level and it is trading above its 9-day average. The momentum indicator MACD line has crossed above the signal line, which resulted in the histogram turning positive.

Going ahead, in case the stock is sustained above the trendline resistance then we may see a sharp upside in the stock. The trendline resistance is placed in the zone of Rs 132.50-133.50 level. On the downside, the recent swing low of Rs 121.30 will act as support for the stock.
 

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After blockbuster IPO and listing, Nykaa posts 96% drop in Q2 profit; shares slip

by 5paisa Research Team 15/11/2021

In quite an anticlimactic turn of events, fashion and cosmetics e-tailer Nykaa reported a staggering 96% year-on-year decline in its second quarter net profit barely days after its blockbuster initial public offering.

Net profit for July-September fell to just Rs 1.2 crore from Rs 27 crore a year earlier. 

Even on a sequential basis the net profit was down 66% as compared with Rs 3.5 crore for the April-June quarter, as the company spent more on advertising and marketing in a bid to acquire more customers. 

This is the first time that Nykaa is declaring its results following its bumper listing, which saw its market capitalization zoom past the Rs 1 trillion mark. Its IPO was covered 82 times and its shares had nearly doubled on debut last week. On Monday, shares of Nykaa fell nearly 5% to Rs 2,244.20 apiece in morning trade.

The decline in net profit came even as Nykaa’s revenue from operations zoomed 47% in the September quarter to Rs 885 crore from Rs 603.8 crore a year earlier. Revenue rose 8% sequentially, from Rs 817 crore in April-June.

Nykaa said gross profit margins were up 345 basis points to 39.3% over the same period last year. 

Nykaa reported a 286% increase in its marketing and advertising expenditure for the quarter to Rs 121.4 crore as against Rs 31.5 crore in the same quarter last year. This was the biggest expense item for Nykaa, and dragged the net profit down. 

Nykaa Q2: Other highlights

1) Beauty and personal care segment’s gross merchandise value grows 38% to Rs 1,186 crore.

2) The GMV for the fashion segment was up 215% YoY to reach Rs 437 crore.

3) Fashion segment contributed 27% to Nykaa’s GMV in Q2, up from 14% in the corresponding quarter last year.

4) Nykaa increased its warehouse storage capacity by 37,000 square feet to 665,000 sq ft. 

5) Annualised unique transacting customers reached 7.2 million in Q2.

6) Beauty and personal care vertical’s customers grew 40% to 1.3 million.

Nykaa management commentary

Nykaa founder and chief executive officer Falguni Nayar said the company maintained growth momentum in its beauty business, accelerated the fashion business and is now focussing on brand-building. 

“Increased marketing spends led to acceleration of customer acquisition, also evident in the unique visitor and transacting customer metrics. The company continues to invest in expansion of retail stores and fulfilment capacity ahead of the festival season,” she said. 

The company said that in the second quarter it opened eight new stores including in cities like Gwalior, Kochi, Mysuru, and Ranchi. Nykaa now operates 84 physical stores across the country. 

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FIIs have been bearish on many mid-cap stocks. Find out more

by 5paisa Research Team 15/11/2021

Indian stock indices are consolidating after hitting a new peak even as investors, anticipating a correction form these levels, are looking at shuffling their portfolio.

Foreign portfolio investors (FPIs) or foreign institutional investors (FIIs) had become more cautious about investing in India but they did pump in more money into a clutch of midcap stocks over the past few months.

On the flip side, quarterly shareholding data shows they also decreased their holding in more than 200 listed companies. Of these, the offshore investors pushed down their stake by two percentage points or more or nearly one in three companies.

There were at least 54 mid-cap stocks with current market valuation ranging from Rs 5,000 crore to Rs 20,000 crore where FPIs cut stake during the July-September quarter. This is just marginally lower than 57 mid-cap stocks where they bought additional stake last quarter. Interestingly, FIIs had sold shares of an equal number of companies (54) in the previous quarter ended June 30.

If we compare with the quarter ended June 30, there were many mid-caps that have seen FPIs cut stake for consecutive quarters. These include Thyrocare, Jubilant Ingrevia, Just Dial, Manappuram Finance, Natco Pharma, auto component maker Mahindra CIE, Apollo Tyres, CESC, City Union Bank and Redington.

A sector-wise analysis shows companies where FIIs cut stake in July-September are spread across a wide range of sectors. These are healthcare and pharmaceuticals, financial services, construction, engineering and industrial, logistics, technology and auto ancillaries.

Top mid-caps where FIIs cut stake

Among the largest mid-caps that saw offshore portfolio investors turn bearish during the three months ended September 30, 2021, are hospital chain operator Fortis Healthcare, real estate developer Phoenix Mills, gold loan financier Manappuram Finance, and mid-sized drugmakers Natco, Alembic and Glenmark.

Apollo Tyres, Affle India, Firstsource Solution and Cyient were among the other companies in the list.

FIIs also diluted stake in RBL Bank, City Union Bank, CESC, Amara Raja Batteries, Lux Industries, Route Mobile, Redington, Indiabulls Housing Finance, Laxmi Organic, Jubilant Ingrevia, Mahindra CIE and Zensar Technologies.

A quick look at the basket of companies commanding a market capitalisation of $1 billion or more where FIIs snipped their holding last quarter throws up a few more names.

These include Jubilant Pharmova, Century Textiles, CreditAccess Grameen, KIMS Hospitals, MCX, McDonald’s franchisee Westlife, Allcargo Logisics, Shyam Metalics, P&G Health, Dilip Buildcon, Mastek, Sobha, eClerx, IRB Infra, Kalyan Jewellers, V Mart and Delta Corp.

Mid-caps where FIIs sold 2% or more

Foreign portfolio investors cut their stake by over 2% in 20 mid-cap firms. These included names like Just Dial, Jubilant Ingrevia, Indiabulls Housing Finance, Tejas Networks, Allcargo Logistics, Religare Enterprises, RBL Bank, eClerx Services, Cyient and MCX.

Of these, Just Dial has been acquired by Reliance Industries while Tejas has been bought by Tata Group.

Laxmi Organic, Chalet Hotels, BSE, Greenpanel, Apollo Tyres, Mahindra CIE, Redington (India), Phoenix Mills, Affle (India) and Great Eastern Shipping were the other mid-caps where offshore investors diluted significant stake.

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