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Maruti misses street view as Q2 profit skids 65% on higher costs, chip shortage

by 5paisa Research Team 27/10/2021

Maruti Suzuki on Wednesday reported a massive 65% decline in its standalone net profit for the second quarter ended September, dragged down by higher commodity prices and production constraints.

India’s largest carmaker posted a net profit of Rs 475 crore for the July-September quarter, down from Rs 1,371 crore a year earlier. That’s far below estimates by analysts, who had projected profit to be around Rs 700-750 crore.

The profit, Maruti said, was impacted on account of rising commodity prices as well as a decline in sales volume due to the global shortage in electronic components (microchips), which are also used in automobiles. 

Net sales for the three months grew 9% to Rs 19,297 crore from Rs 17,689 crore from a year earlier.

Maruti Q2: Other highlights

1) Maruti sold 379,541 units in the second quarter, down from 393,130 units a year earlier.

2) Local sales fell to 320,133 units from 370,619 units a year earlier while exports rose to 59,408 units from 22,511.

3) The company could not produce 116,000 vehicles because of the electronic component shortage, leading to lower capacity utilization.

4) Maruti recorded a 5.6% increase in revenue to Rs 20,539 crore from Rs 19,378 crore in the same quarter last year.

5) EBITDA was up 8.9% at Rs 854 crore, although it remained lower than most estimates.

6) EBITDA margin came in at 4.16% as compared with 4.4%, again lower than analysts’ estimates.

Maruti commentary

The company said that the second quarter was marked by an unprecedented increase in the prices of commodities like steel, aluminium and precious metals within a span of one year. 

“The company made maximum efforts to absorb input cost increases offsetting them through cost reduction and passed on minimum impact to customers by way of car price increase,” Maruti said.

Due to rising input costs, the company has already hiked the prices of its models four times this year, with the last such hike coming in September. This, even as it hopes that the ongoing festival season will help push up demand.

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These stocks are likely to be in focus on Thursday, October 28, 2021

These stocks are likely to be in focus on Thursday, October 28, 2021
by 5paisa Research Team 27/10/2021

SBI, Chola Investments and Finance, HPCL, HDFC, Kotak Bank, TTK Prestige, Vardhman textiles, Asahi India Glass Ltd, eClerx Services Ltd, Gujarat Alkalies & Chemicals Ltd, Navkar Corporation, Blue Dart Express, Zensar technology, J&K Bank, HFCL, Godrej properties, UPL, Venus Remedies and Jain Irrigation are some of the trending stocks that will be in focus on Thursday for following reasons:

52 weeks high: SBI, Chola Investments and Finance, HPCL, HDFC and Kotak Bank are some of the large caps that made a fresh 52-week high on Wednesday. These shares will be on the radar of momentum traders and investors in the Thursday trading session.

Venus Remedies: The shares of Venus Remedies soared higher by more than 11% on Wednesday ahead of its earnings. The stock is up by more than 20% in one month alone. Venus Remedies shares will be in focus on Thursday.

Price Volume Breakout: TTK Prestige, Vardhman textiles, Asahi India Glass Ltd, eClerx Services Ltd, Gujarat Alkalies & Chemicals Ltd, Navkar Corporation, Blue Dart Express, Zensar technology, J&K Bank, HFCL and Godrej properties are some of the BSE 500 components that displayed price volume breakout on Wednesday. These shares will be in focus on Thursday.

UPL: The share price of UPL gained by more than 4% on Wednesday. On the daily chart, UPL formed a bullish engulfing pattern in the Tuesday trading session. The stock continued its uptrend on Wednesday and managed to close near its day high thus giving a positive close. The shares of UPL will be in focus on Thursday.

Jain Irrigation: For the second consecutive trading session, the shares of Jain Irrigation are locked in the upper circuit on Wednesday. The stocks of Jain Irrigation will be in focus on Thursday.

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These Low-Priced stocks are locked in the upper circuit on Wednesday, October 27

These Low-Priced stocks are locked in the upper circuit on Wednesday, October 27
by 5paisa Research Team 27/10/2021

Some of the low-price shares outperformed the markets in Wednesday’s trading session.

The markets are seen trading with a bearish trend with the BSE Sensex trading in red, down by more than 200 points on Wednesday.

Asian Paints is the top BSE Sensex gainer up by more than 4% on Wednesday while Axis Bank is the top BSE Sensex loser on Wednesday. The rise in Asian Paints shares was aided as the market leader in the decorative paints segment raised prices by 7-10%, effective from November 12.

Infosys, Sun Pharma, HCL Tech, Maruti Suzuki, ITC and Bharti Airtel are some of the BSE Sensex gainers. The broader market is seen outperforming the frontline indices in the Wednesday trading session with both BSE Midcap and BSE Smallcap trading in green.

TCI, TTK Prestige, Sequent Scientific, Astra Microwave Products and Goldiam International are some of the top BSE Smallcap index gainers on Wednesday.

Union Bank, Canara Bank, Mphasis, Cholamandalam Finance and RECL are some of the top-performing BSE Midcap index constituents. Zeel is the worst performing BSE Midcap stock on Wednesday.

BSE Realty index and BSE IT index are outperforming the markets on October 27. BSE Metal and BSE Bankex indices are down by more than 1% on Wednesday.

The price-volume breakout is seen in some of the low-priced stocks on Wednesday with several stocks locked in the upper circuit.

Following is the list of low-priced stocks that are locked in the upper circuit in Wednesday's trading session:  

Sr No   

Stock   

LTP (Rs) 

Price Gain(%)  

1  

3i Infotech   

35.85  

4.98  

2  

Tata Tele   

55.55  

4.91  

3  

Andhra Cements   

18.7  

4.76  

4  

Tilaknagar Industries   

62.55  

4.95  

5  

Brightcom Group   

72.85  

4.97  

6  

Digicontent   

12.85  

4.9  

7  

Digjam Ltd   

24.05  

4.79  

8  

Jain Irrigation   

45.95  

4.91  

9  

HFCL   

76.45  

4.94  

10  

Indowind Energy   

11.4  

4.59  

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Trending stocks: Keep a close eye on these small-cap stocks for 28 October 2021

Trending stocks: Keep a close eye on these small-cap stocks for 28 October 2021
by 5paisa Research Team 27/10/2021

The following small-cap stocks have made fresh 52-week high today – Tanla Platforms, Creative Newtech, Tilaknagar Industries, Sikko Industries and Art Nirman Limited.

Headline benchmark index Nifty 50 and Sensex ended the session with losses of 0.31% and 0.34% respectively. Nifty Bank index lost 363.95 points i.e. 08% to close at 40,874.3. Metal stocks further underperformed broader markets. Conversely, BSE Small-cap index gained 0.30%.

Keep a close eye on these trending small-cap stocks for Thursday, 28 October 2021:

Dishman Carbogen Amcis – The company’s subsidiary Carbogen Amcis AG, based in Switzerland has announced the completion of a U.S. Food and Drug Administration (FDA) inspection at the site in Aarau, Switzerland. Carbogen Amcis AG is a pharmaceutical process development and Active Pharmaceutical Ingredient (API) manufacturing company. Opened in 1994, the Aarau facility has the flexibility to accommodate a wide range of projects, be it API or analytical.

The pre-approval FDA paper inspection for an intermediate product from a customer was conducted from 17 August - 15 September 2021. By receiving the result in October 2021, the inspection was concluded successfully with no findings, confirming that no on-site inspection is required at the Aarau site for this product. The product manufactured at the Aarau facility will be processed into the final drug that the customer expects to be approved in the USA in November 2021.

Netlink Solutions (India) – The company reported a remarkable increase in consolidated Q2 PAT in FY22 by 97%. The Q2 PAT stood at Rs 93.32 lakh marking a commendable leap in the profit figures. HY1 PAT for FY22 reached Rs 1.39 crore, marking a rise against HY1 FY21. During the second quarter of FY22, Netlink Solutions became a subsidiary of Jupiter Infomedia Limited to form the business conglomerate of two BSE listed companies. The business group has expertise in areas of B2B events, e-commerce, digital solutions, print or digital publications, and investment activities.

‘Corporate Gifts Show’, the flagship division of Netlink Solutions is expected to resume its next edition in March 2022 after being stalled in 2020 and 2021 due to pandemic restrictions.

52-week High Stocks - The following small-cap stocks have made fresh 52-week high today – Tanla Platforms, Creative Newtech, Tilaknagar Industries, Sikko Industries and Art Nirman Limited. Keep a close eye on these counters on Thursday, 28 October 2021.

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Meet the new-age investment guru- Ashish Dhawan

Meet the new-age investment guru- Ashish Dhawan
by 5paisa Research Team 27/10/2021

A journey from running a leading private equity fund to becoming a revered investor.

An alumnus of Harvard Business School and one of the most successful investors of India, Ashish Dhawan, is a role model for many value savvy investors. Ashish Dhawan co-founded and ran Chrysalis Capital which was one of India’s leading private equity funds. After spending twenty years managing the fund, the marquee investor took his leave in 2012 and founded the Central Square Foundation to contribute to reforming and bettering the quality of the Indian education system.

His total net worth stood at Rs 2,265.8 crore as of September quarter-end. He has a diversified portfolio which he likes to hold for the long term. As of September end, he has significant holdings in about 16 Indian companies.

The top five stocks in the portfolio of Ashish Dhawan include:

  

IDFC Ltd has delivered about 93% return year-to-date (YTD). Over the last year, Ashish Dhawan has maintained the same level of shareholding in the company. Glenmark Pharma hasn’t generated exceptional returns in the last year, although fundamentally the company has a stronghold. Equitas Holdings has been a true multibagger. The stock has appreciated by more than 172% YTD. The next one, Arvind Fashions, too has been a multibagger with YTD returns of 158%. Ashish Dhawan has increased holdings from 3.18% to 4.96% over a year. Another multibagger has been Birlasoft, a mid-size IT-software company that has soared by 116% in a year.

One can see how well diversified the portfolio is. 

In December 2015, his net worth stood at Rs 699.5 crore which has crossed the Rs 2000 crore mark in six years, nearly tripling wealth by 3x. This has made Ashish Dhawan one of the trending personalities of India when it comes to stock markets and investments.

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Rakesh Jhunjhunwala backed Nazara Technologies acquires stake in Rusk Media

Rakesh Jhunjhunwala backed Nazara Technologies acquires stake in Rusk Media
by 5paisa Research Team 27/10/2021

Rusk Media Private Limited is a digital entertainment company that creates content IPs for Generation-Z and millennial audiences in India.

The leading gaming company has informed the exchanges of its Board’s approval for the acquisition of 1601 equity shares constituting a 5.54% stake in Rusk Media Pvt Ltd for a consideration of Rs 2.02 crore. Rusk Media Private Limited is a digital entertainment company that creates content IPs for Generation-Z and millennial audiences in India.

With the latest addition, the leading player in the mobile gaming segment in India stands to hold:

  1. 57.05% stake in Nodwin Gaming Pvt Ltd, South Asia’s leading esports company with established relationships with global gaming publishers and platforms including market leaders such as ESL, the biggest Esports organizer in the world and Valve Corporation. 

  1. 52.38% stake in Next Wave Multimedia Pvt Ltd offering WCC3, a next-gen sequel to the world’s no. 1 mobile cricket game – World Cricket Championship 2 (WCC2), the most downloaded and awarded game.

  1. 50.91% stake in Paper Boat apps Pvt Ltd which offers Ed-tech app Kiddopia.

  1. 63.90% stake in Absolute Sports Pvt Ltd offering gaming app -Sportskeeda.

  1. 69.09% stake in Halaplay Technologies Pvt Ltd and 62.53% stake in Sports Unity Pvt Ltd.

Nazara Technologies Ltd incorporated in 1999, is a major disruptor in the segment with its unique business model, cashing in the rising gaming culture. Nazara Technologies eyeing the GenZ, which accounts for one-third of the population, has been on the investor radar even at exorbitant Price Earning multiples of 196, commanding a market capitalization of Rs 8418 crore.

In the last one year, the shares of the company have rallied 84%, touching a 52 week high of Rs 3354.40 on October 11. The shares are up by 2.28% at Rs 2760 at 01.20 pm today.

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