At the stock markets, the S&P BSE Sensex declined 360.78 points or 0.61% to close at 58,765.58 on Friday, October 1, 2021.
At the stock markets, the S&P BSE Sensex declined 360.78 points or 0.61% to close at 58,765.58 on Friday, October 1, 2021. The Nifty 50 index lost 86.10 points or 0.49% to 17,532.05. But certain stocks came in the news after the market was closed. These stocks can impact the indices when it reopens on Monday, October 4, 2021. List of such five stocks:
CSB Bank + Federal Bank + HDFC Ltd
CSB Bank: CSB Bank Ltd has announced the provisional financial information for the second quarter ended September 30, 2021. The bank reported total deposits of Rs 19061 crore as of September 30, 2021, up 9.1% YoY from Rs. 17468 crores as of September 30, 2020, and increased by 2.19% QoQ from Rs 18652 crores as of June 30, 2021. Gross Advances were at Rs 14304 crore as of September 30, 2021, up 12% YoY from Rs 12762 crore as of September 30, 2020. Advances against Gold & Gold Jewellery increased 10.1% YoY from Rs 4938 crore as of September 30, 2020, to Rs 5441 crore as of September 30, 2021. CASA stood at Rs 6214.11 crore as of September 30, 2021, up 21.04% YoY from Rs 5134.06 crores as of September 30, 2020, and 0.69% up QoQ from Rs 6171.71 crores as of June 30, 2021. CASA ratio stood at 32.6% YoY as against 29.39% posted last year and the CASA ratio stood at 33.09% as of June 2021. Gold loans grew 10.2% YoY at Rs 5441.44 crore & down 3.14%QOQ. Gold loan share at 38.04% against 38.7%YOY & 39.71%QOQ.
Federal Bank: Federal Bank Ltd has announced the financial information (provisional) for the second quarter ended September 30, 2021. 25 quarters high low-cost deposit ratio; 6 quarter high loan growth. Total Deposits stood at Rs 1,71,995 crore as of September 30, 2021, up 10% YoY as against Rs 1,56,747 crore as of September 30, 2020 and up 1.54% QoQ. Gross Advances was at Rs. 1,37,309 crore as of September 30, 2021, up 10% YoY as compared to Rs 1,25,209 crore as of September 30, 2020 and up 3.40% QoQ. – Gross Advances was at Rs 1,37,309 crore as of September 30, 2021, up 10% YoY as compared to Rs 1,25,209 crore as of September 30, 2020 and up 3.40% QoQ. CASA ratio stood at 36.1% as against 33.7% posted last year. CASA ratio at 25 quarter high of 36.16% vs 33.68%YOY & vs 34.81%QOQ. The liquidity Coverage Ratio stands at 225.9% against 266.3%.
HDFC Ltd: Housing Development Finance Corporation Ltd (HDFC) has announced the operational performance of the corporation during the second quarter ended September 30, 2021. During the second quarter, HDFC has assigned loans amounting to Rs 7,132 crore, up 135.7% YoY compared to Rs 3,026 crore in the corresponding quarter of the previous year. Gross income from the dividend for the quarter ended September 30, 2021, was Rs 1,171 crore as compared to Rs 323 crore posted last year. Under IndAS, the employee stock options are required to be fair valued and charged to the Statement of Profit and Loss as a part of employee benefit expenses primarily over the two-year vesting period. This would result in a charge to the Statement of Profit and Loss of approximately Rs 122 crore during the quarter ended September 30, 2021.
Avenue Supermarts + Coal India
Avenue Supermarts: The company, which owns and operates retail chain D-Mart, has announced the quarterly update of the Company at the end of Q2FY22 and reported a 46.6% YoY rise in the standalone revenue from operations at Rs 7,649.64 crores. The total number of stores as of September 30, 2021, stood at 246 against 238 stores in the June quarter.
Coal India: State-owned CIL’s coal production registered a marginal rise of 0.5% YoY to 40.7 million tonnes (MT) in September 2021 as against 40.5 MT produced in September 2020. The company’s offtake also increased by 3.4% YoY to 48.3 MT over 46.7 MT in the corresponding month of the previous financial year.
Grasim: Grasim Industries on Friday said the income tax department has raised a demand of Rs 8,334 crore on the company as capital gains tax with regard to the sale of shares in a group firm. The Aditya Birla Group firm added that it would take “appropriate action” against the tax demand. This is related to the scheme of Grasim Industries’ merger with Aditya Birla Nuvo and Aditya Birla Financial Services.
Aurobindo Pharma: Drug firm Aurobindo Pharma on Friday said N Govindarajan has tendered his resignation as the managing director and a director on the company’s board due to personal reasons. N Govindarajan will be relieved from the services of the company effective from the close of business on December 31, 2021. It added, the company has appointed S Damodharan as a chief operating officer for the active pharmaceutical ingredient (API) vertical. P Yugandhar has been appointed as the chief executive officer of Eugia Pharma Specialities Ltd, a wholly-owned subsidiary of the company focused on generic injectables and the oncology business.
Fund Action
Siyaram Silk: Abakkus Asset Manager LLP bought 5,24,591 shares at Rs 366.2 per share. DSP Core Fund sold 6,56,213 shares at Rs 365.24.
India Glycol: WHV-EAM International Small Cap Equity Fund bought 1,86,947 shares at Rs 830.22 per share.
