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Mahindra & Mahindra surges after reporting impressive Q2 results

Mahindra & Mahindra surges after reporting impressive Q2 results
by 5paisa Research Team 10/11/2021

In the last one year, the company’s stock price went from Rs 619.65 to Rs 892.90 on November 9 2021, delivering returns of 44%. The stock hit a 52-week high of Rs 970.95 on October 13, 2021.

Incorporated in 1945, Mahindra & Mahindra began its journey by starting as a steel trading company. The company eventually expanded its business operations and today it is one of the largest vehicle manufacturers by production in India. At present, the company’s automotive segment comprises sales of automobiles, spare parts and related services, whereas its farm equipment segment comprises sales of tractors, spare parts and related services. It is one of the leading auto companies in India and enjoys a leadership position in utility vehicles.

The company’s Q2FY22 results are released. Let’s have a quick look at the financial highlights.

On a consolidated basis, the company’s net revenue increased by 11.67% YoY to Rs 21,469 crore. This growth came on the back of segmental growth in the automobile, real estate and hospitality businesses. The PBIDT (ex OI) went up 17.99% to Rs 4891.5 crore while the corresponding margin expanded by 122 bps to 22.78%. This improvement was driven by a rise in revenue with a relatively slower increase in expenses. Lastly, the PAT went up by a whopping 272% and stood at Rs 2,031.54 crore.

Let’s understand how the company achieved this performance.

Firstly, to tackle the issue of rising commodity prices, the company passed on the price increase to its customers as well as undertook aggressive cost re-engineering. Secondly, the challenge of rising freight costs was tackled by implementing route and cost optimization. During the quarter, the company experienced strong growth in exports both in auto and farm businesses. The automotive segment has a very healthy booking pipeline and the demand for the company’s products remains buoyant.

The company reported four consecutive blockbuster launches, with the launch of XUV 7OO leading the way. This particular model received an overwhelming response, and within the first three hours of launch, the company registered 50,000 bookings.

Similarly, the farm business delivered an excellent performance with second-highest Q2 for PBIT, domestic volumes, and export volumes. With Yuvo Tech+ tractors launched in the 35, 39 and 42 HP range, the market share for this segment went up by 1.9%. Going forward, the company plans to launch 23 new products under core SUV, EV and LCV segments by 2026.

Reacting to this development, at the closing bell on Wednesday, the share price of Mahindra & Mahindra Ltd was trading at Rs 917.40, an increase of 2.74% from the previous day’s closing price of Rs 892.9 on BSE.

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Best and the worst-performing Aggressive Hybrid mutual funds in Q2 of 2021-22

Best and the worst-performing Aggressive Hybrid mutual funds in Q2 of 2021-22
by 5paisa Research Team 10/11/2021

Within the Hybrid Fund category, Aggressive Hybrid Mutual Fund scheme is the best performing scheme on the basis of quarterly returns.

There are various sub-categories within the main category of the hybrid scheme. As per SEBI, the Hybrid scheme is further divided into six sub-categories. Out of these six sub-categories, the aggressive hybrid scheme is one of the schemes which invest a minimum of 65% to 80% of total assets towards equity and equity-related instruments. Besides, 20% to 35% towards debt instruments. Since Q1 of 2021-22 aggressive hybrid funds are performing well. The on average quarterly return as of September 2021 of this scheme is 8.46%.

So, let’s have a look at the best and worst-performing funds or ETFs within the category of Aggressive Hybrid Scheme based on quarterly return:

Fund Name   

Quarterly Return (Q2 as of September 2021)  

AUM (in crores) (as of 30th September 2021)  

SBI Magnum Children's Benefit Fund  

25.05%  

₹322  

ICICI Prudential Equity & Debt Fund  

15.34%  

₹18,653  

Baroda Hybrid Equity Fund  

12.66%  

₹414  

Axis Equity Hybrid Fund  

12.21%  

₹1,868  

Axis Children’s Gift Fund  

12.09%  

₹703  

Principal Hybrid Equity Fund  

11.14%  

₹1,115  

 

Fund Name   

Quarterly Return (Q2 as of September 2021)  

AUM (in crores) (as of 30th September 2021)  

Nippon India Equity Hybrid Fund  

5.99%  

₹3,500  

Aditya Birla Sun Life Retirement Fund  

6.08%  

₹96  

LIC MF Equity Hybrid Fund  

6.52%  

₹471  

BNP Paribas Substantial Equity Hybrid Fund  

7.10%  

₹715  

HDFC Retirement Savings Hybrid Equity Fund  

7.13%  

₹732  

HDFC Hybrid Equity  

7.40%  

₹18,909  

Let’s look at the top holdings of the above-mentioned top as well as worst performing funds:  

SBI Magnum Children's Benefit Fund

Company  

%Assets  

Top Debt Holdings

5.15% GOI 2025  

3.07  

Top Equity Holdings

Sheela Foam  

5.37  

P&G Hygiene & Health Care  

4.86  

Finolex Industries  

4.78  

 

Nippon India Equity Hybrid Fund

Company   

%Assets  

Top Debt Holdings

9.75% Uttar Pradesh Power Corporation 20/10/2022  

4.34  

ICICI Prudential Life Insurance Co. Ltd.  

1.71  

9.60% Renew Wind Energy Delhi 31/03/2023  

1.59  

Top Equity Holdings

Infosys  

8.58  

HDFC Bank  

6.49  

ICICI Bank  

6.42  

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These stocks see huge volume burst in the last leg of the trading session!

These stocks see huge volume burst in the last leg of the trading session!
by 5paisa Research Team 10/11/2021

Aster DM Healthcare, Bajaj Electrical and KSB have witnessed volume burst in the last 75 minutes of the trade.

As the saying goes, the first and the last hour of each trading session is the most important and active in terms of price and volume. More so, the activity in the last hour is said to be of utmost importance because most of the pro traders and institutions are active at this time. Hence, when a stock sees a good spike in volume in the last leg of trade along with price rise it is said to be the pro and institutions have a keen interest in the stock. Market participants should keep a close watch on these stocks as they can witness good momentum in the short-medium term.

So, based on this principle we have shortlisted three stocks, which have witnessed volume burst in the last leg of trade along with price rise.

Aster DM Healthcare: The stock of Aster DM Healthcare soared by a massive 5.55% on Wednesday outperforming the indices. The stock traded firmly in green throughout the day. The volume witnessed during the first and last hour of the session was huge. The stock rose about 2% in the last 75 minutes. Market participants should keep a close watch on this stock.

Bajaj Electricals:  The stock is currently in a downtrend for the past few weeks. After quite some time, the stock has gained a decent 1.6% forming a green candle. What’s interesting to note is that the stock is taking support at 200 DMA and has also formed a morning star pattern. The volumes witnessed during the last 75 minutes was more than 50% of the day’s volume. The stock consolidated throughout the day and shot up towards the end.

KSB: KSB is running strong for the past few weeks having no impact of the bleeding market. KSB rose about 3.7% on the trading session that ended Wednesday. The stock shot up around 3% in the last 75 minutes in an otherwise quiet trading day. The volume traded towards the ending phase of the session was about 60% of the total volume. We suggest you keep this stock on your radar.

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Bank of Baroda Q2 profit climbs 24% but shares slip from one-year high

by 5paisa Research Team 10/11/2021

Public-sector lender Bank of Baroda on Wednesday reported a 24% year-on-year increase in its standalone net profit for the second quarter, helped by lower provisions for bad loans and higher non-interest income.

Net profit for July-September rose to Rs 2,087.85 crore from Rs 1,678.6 crore in the same quarter last year. 

The bank said that its bottom line for the quarter ended September 30 was healthier because of a 23% increase in non-interest income to Rs 3,579 crore. 

The lender reported a marginal 2.11% increase in its net interest income for the second quarter to Rs 7,566 crore from Rs 7,410 crore a year earlier. 

Bank of Baroda Q2: Other highlights

1) Operating profit came in at Rs 5,670 crore, against Rs 5,361 crore a year earlier.

2) Gross non-performing assets fell to Rs 59,504 crore from Rs 65,698 crore in the same quarter last year.

3) Gross NPA ratio improved to 8.11 % in the reporting quarter from 9.14% in the year-ago period.

4) The net NPA ratio stood at 2.83%, higher than 2.51% a year earlier but lower than 3.03% at the end of June.

5) Total provisioning for the quarter, apart from tax, was at Rs 2,754 crore, down 2% from a year earlier.

6) The Provision Coverage Ratio of the Bank came in at 83.42%, down a tad from 85.35% a year earlier.

Shares fall

Bank of Baroda also said that global deposits during the second quarter were up 0.54% to Rs 9.59 lakh crore on a year-on-year basis. Domestic deposits rose 3.43% to Rs 8.64 lakh crore as of September 30. The bank’s domestic CASA (current and savings account) marked a growth of 13.01%, while its operating profit grew by 5.76%.

However, the bank’s ended lower on Wednesday despite the profit growth. The shares touched a one-year high of Rs 108 in intra-day trade, but lost all gains to close 5.36% lower at Rs 100.65 apiece on the BSE.

Still, the shares have doubled from a one-year low of Rs 44.45 apiece in November 2020.

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Closing Bell: Markets end lower, Nifty settles above 18000, Sensex slips by 80 points

Closing Bell: Markets end lower, Nifty settles above 18000, Sensex slips by 80 points
by 5paisa Research Team 10/11/2021

Benchmark indices remained volatile and closed marginally lower, in continuation with yesterday's trend.

Domestic equity benchmarks closed lower for a second straight session on Wednesday, November 10, dragged by losses PSU Bank, Realty and Metal indices which were down 1-2%. During today's trading session, the Sensex fell as much as 466 points and the Nifty 50 index briefly dropped below 17,950. However, the markets staged a recovery from the intraday low levels in afternoon trading after buying interest seen in Reliance Industries, Bharti Airtel, Mahindra & Mahindra and ITC.

At the closing bell on Wednesday, the Sensex was down 80.63 points or 0.13% at 60,352.82, and the Nifty was down 27.10 points or 0.15% at 18,017.20. On the market depth, around 1601 shares have advanced, 1530 shares declined, and 129 shares were unchanged.

Among the top Sensex gainers of the day were, Bharti Airtel, M&M, Reliance Industries, ITC and Sun Pharma. The top losers of the day were IndusInd Bank, Hindalco Industries, Tata Steel, Asian Paints and Titan.

On the sectoral front, PSU Bank, Realty and Metal indices were down 1-2%, while buying was seen in the auto, pharma and oil & gas names. In the broader markets, the BSE midcap index shed 0.5% and smallcap index ended on a flat note.

The trending stock of the day was beauty start-up Nykaa which made a stupendous debut on Wednesday with its market capitalization crossing Rs 1 lakh crore. Shares price of FSN E-Commerce Ventures, the company that owns the Nykaa brand, opened at ₹ 2,018 on the NSE, up by 79% from its issue price of Rs 1,125 per share. Shares of Nykaa rose as much as 99% to hit an intraday high of Rs 2,235 on the National Stock Exchange.

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Penny Stock Update: These stocks gained up to 10.00% on Wednesday

Penny Stock Update: These stocks gained up to 10.00% on Wednesday
by 5paisa Research Team 10/11/2021

Today Indian equity market saw a volatile session. BSE Telecom index is the top gainer whereas, BSE Metal index is the top loser in Wednesday’s trade.

In today’s trade, the Indian equity market remained quite volatile. The majority of sectoral indices closed down in red while some of the indices were positive.

The Nifty 50 and BSE Sensex closed in red, down by 27.05 points i.e., 0.15% and 80.63 points i.e., 0.13% respectively. Stocks pulling the BSE Sensex and Nifty 50 index up are Reliance Industries, Bharti Airtel, M&M and Bajaj Finserv. Whereas, stocks that dragged the BSE Sensex and Nifty 50 down are HDFC Bank, ICICI Bank and Tata Steel.

In today’s trade, the S&P BSE Telecom, S&P BSE TECk, S&P BSE Energy and S&P BSE Auto are top gainers. BSE Telecom index consisting of stocks such as Tata Teleservices (Maharashtra) Ltd, Bharti Airtel Ltd, Indus Towers Ltd and Railtel Corp of India Ltd are the top gainers.

Today, S&P BSE Metal, S&P BSE Realty, S&P BSE PSU and S&P BSE Basic Material sectoral indices are top losers. BSE Metal index consisting of stocks such as Steel Authority of India Ltd, Hindalco Industries Ltd, Jindal Steel Ltd, Tata Steel Ltd, JSW Steel and NMDC Ltd are the top losers.

Here is the list of penny stock that gained up to 10.00% on a closing basis on Wednesday, November 10, 2021:

Sr No.            

Stock            

LTP             

Price Gain%            

1.            

A2Z Infra Engineering Ltd    

6.65  

9.92  

2.            

Parsvnath Developers Ltd  

17.8  

9.88  

3.            

JIK Industries Ltd  

0.60  

9.09  

4.            

Sanwaria Consumer Ltd  

0.65  

8.33  

5.            

Antarctica Ltd  

0.75  

7.14  

6.            

Century Extrusions Ltd  

8.95  

5.92  

7.            

Gayatri Highways Ltd  

0.9  

5.88  

8.            

Digicontent Ltd  

16.8  

5.00  

9.            

Sundaram Multi Pap Ltd  

2.10  

5.00  

10.            

Unitech Ltd  

2.10  

5.00  

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