Indian equity benchmarks ended the volatile trading session with modest losses on Wednesday, April 27, 2022.
Indian equity benchmarks ended the volatile trading session with modest losses on Wednesday, April 27, 2022. The S&P BSE Sensex fell 537.22 points, or 0.94%, to settle at 56,819.39. The Nifty 50 index slipped 162.40 points, or 0.94%, to trade at 17,038.40. But certain stocks came in the news after the market was closed. These stocks can impact the indices when it reopens on Thursday, April 28, 2022. List of such Stocks:
IPO Update: Campus Activewear + Rainbow Children’s Medicare
Campus Activewear: The Rs 1,400 crore initial public offering IPO of Campus Activewear which opened for bidding on Tuesday was subscribed 3.21 times by day end on Wednesday. The Qualified Institutional Buyers (QIBs) portion was subscribed 0.13 times, while the Non-Institutional Investors (NIIs) portion was subscribed 5.67 times and the Retail Individual Investors (RIIs) portion was subscribed 3.94 times. The price band for the issue is set at Rs 278-292 per equity share. The issue will close today, i.e., on April 28, 2022.
Rainbow Children’s Medicare IPO: CDC Group-backed Rainbow Children’s Medicare Ltd. was subscribed 0.29 times on the first day of bidding. The Qualified Institutional Buyers (QIBs) portion was subscribed 0.1 times, while the Non-Institutional Investors (NIIs) portion was subscribed 0.11 times and the Retail Individual Investors (RIIs) portion was subscribed 0.48 times. The price band for the issue is set at Rs 516-542 per share. The issue will close on April 29, 2022.
Read More: LIC IPO Likely to Open on May 4; Price Band Fixed At Rs 902-Rs 949, Say Sources
Q4FY22 RESULTS
Results
HUL: The fast-moving consumer goods (FMCG) company on Wednesday reported an 8.6% YoY rise in the consolidated profit at Rs 2,327 crore for the quarter ended March 31, 2022, compared to Rs 2,143 crore posted in the corresponding quarter last year. Revenue from operations grew 11% YoY to Rs 13,462 crore compared to Rs 12,132 crore posted last year. EBITDA grew 9.7% YoY to Rs 3,245 crore compared to Rs 2,957 crore posted in March 2021 quarter. The Margins stood at 24.2% in Q4FY22 compared to 24.4% posted in Q4FY21. The company has said that its volume growth was flat v/s expectation of a 5 to 6% decline. Besides, the board has recommended a dividend of Rs 19 per share. Management says
– It is confident of a phase-wise recovery in the margins.
– Margins will change with future price hikes.
– Significant inflation has had an impact on the volumes.
– During the quarter, their turnover grew 10% with flat Underlying Volume Growth.
– It is confident of the medium to long term prospects of the Indian FMCG.
Rainbow Children’s Medicare IPO: CDC Group-backed Rainbow Children’s Medicare Ltd. was subscribed 0.29 times on the first day of bidding. The Qualified Institutional Buyers (QIBs) portion was subscribed 0.1 times, while the Non-Institutional Investors (NIIs) portion was subscribed 0.11 times and the Retail Individual Investors (RIIs) portion was subscribed 0.48 times. The price band for the issue is set at Rs 516-542 per share. The issue will close on April 29, 2022.
Read More: LIC IPO Price, Date, Discount for Policyholders, Quota Revealed: Govt to Announce Today
Q4FY22 RESULTS
Results
HUL: The fast-moving consumer goods (FMCG) company on Wednesday reported an 8.6% YoY rise in the consolidated profit at Rs 2,327 crore for the quarter ended March 31, 2022, compared to Rs 2,143 crore posted in the corresponding quarter last year. Revenue from operations grew 11% YoY to Rs 13,462 crore compared to Rs 12,132 crore posted last year. EBITDA grew 9.7% YoY to Rs 3,245 crore compared to Rs 2,957 crore posted in March 2021 quarter. The Margins stood at 24.2% in Q4FY22 compared to 24.4% posted in Q4FY21. The company has said that its volume growth was flat v/s expectation of a 5 to 6% decline. Besides, the board has recommended a dividend of Rs 19 per share. Management says
– It is confident of a phase-wise recovery in the margins.
– Margins will change with future price hikes.
– Significant inflation has had an impact on the volumes.
– During the quarter, their turnover grew 10% with flat Underlying Volume Growth.
– It is confident of the medium to long term prospects of the Indian FMCG.
