Business & Investment

Stocks to watch on October 20: From Nestle, LTTS, MasTec, ACC to Deepak fertilizer.Here are the 5 newsmakers today

On Tuesday, October 19, 2021, the major stock indexes recorded consecutive wins and closed with a small loss. The S & P BSE Sensex fell 0.08% to 61,716.05 by 49.54 points. The Nifty 50 Index closed at 18,418.75 with 58.30 points, or 0.32%. But after the market closed, certain stocks became news. These stocks may affect the index when they reopen on Wednesday, October 20, 2021. List of 5 such stocks:

Nestle: FMCG Giant reported on Tuesday that profits for the quarter ending September 30, 2021 (third quarter of 2009) were up 5.2% year-on-year to Rs 617.4. In the same period of the previous year, it posted a profit of Rs 587.1. Nestle India follows the January-December fiscal year. Operating revenue was Rs 3,882.6, an increase of 9.6% year-on-year, compared to Rs 3,541.7 last year. EBITDA was 952 rupees, up 5.8% year-on-year compared to 900 rupees last year. The margin shrank to 24.5% in the third quarter, compared to the 25.4% margin posted in the third quarter. Revenue growth was primarily driven by widespread domestic sales growth, up 10.1%, driven primarily by sales volume and composition. Exports witnessed a slight growth of 1.3% against the expected growth of 7%. In addition, Nestlé has declared a second interim dividend of Rs 110 per share, with October 27, 2021 set as the record date for this purpose.Management commentary

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-The e-commerce channel has shown a strong acceleration against the backdrop of convenience and pandemics boosting consumer behavior.

-It is not only in the metropolitan areas, but also in the “small town of Bharat” that has continued on the path of solid and sustainable double-digit growth.

-Out-of-home consumption: Some regions, categories and channels show signs of returning to pre-pandemic levels of business traction.

-Input prices are expected to be bullish globally and to some extent locally.

-The recent announcement to abolish import tariffs on cooking oil could have a positive impact on controlling food inflationary pressures if continued next year after March 2022.

LTTS + Mastek

LTTS: Engineering services firm L & T Technology Services (LTTS) reported a 6.5% QoQ increase in consolidated profit for the quarter ending September 30, 2021 at Rs 230 Chlore. Profit for Rs216 Chlore was recorded in the previous quarter, which ended on June 30, 2021. .. Operating profit was Rs 160.8 billion, up 5.9% year-on-year, compared to Rs 151.8 billion recorded in the previous quarter. Reported quarterly dollar revenue was 21.74 chlores, up 5.5% quarter-on-quarter, compared to 20.6 chlores posted in the previous quarter. EBIT was 296 rupees, up 13% from 262 rupees posted in the previous quarter. Margins improved to 18.4% in the second quarter of 2010, compared to 17.3% posted in the first quarter of 2010. In addition, LTTS has declared a special dividend of Rs 10 per share to commemorate the 5th anniversary of the IPO and has set October 27, 2021 as the record date for this purpose. The company reports that the constant currency has grown 6% in a row, driven by the sound driving force of digital engineering across all five segments. The turnover rate in the second quarter of 2010 was 16.5%, but in the first quarter of 2010 it was 14.5%. The company provides a 2010 US dollar revenue growth rate of 19-20% (estimated 16-18%). This is the highest operating profit reported by the company. Digital engineering is on track in all five segments.

Growth of vertical QoQ

-Transportation (31.4% rotation) 6.20%

-Industrial products (20% rotation) 8.60%

-Telecom and high tech (21.1% rotation) 1.40%

Geography QoQ Growth

-North America (62.9% rotation) 6.80%

-Europe (16.7% rotation) 5.20%

-India (13% rotation) 6.20%

-Line (7.4% rotation) -2.20%

Mastek: Mastek: Software companies reported consolidated profits of Rs 7.2 billion for the quarter ended September 30, 2021, up 4% from the previous quarter. It posted a profit of Rs 6.9 billion in the previous quarter, which ended on June 30, 2021. Operating revenue increased. From 516 rupees posted in the June quarter to 3% to 534 rupees during the period under consideration. Dollar revenue was $ 720 million, up 2.5% from the previous quarter, compared to $ 702 million posted in the previous quarter. EBIT was flat at Rs 103 in both quarters. Margins fell slightly to 19.3% in the second quarter of 2010, compared to 20% posted in the first quarter of 2010.

ACC + Navin Fluorine + ICICI Prudential

ACC: A major Indian cement manufacturer reports a non-consolidated profit for the quarter ended September 30, 2021 (third quarter of 2009) of 449 rupees, up 23.6% year-on-year. In the same period of the previous year (third quarter of 2008), it posted a profit of 363 rupees. ACC Ltd is subject to the January-December fiscal year. Sales were Rs 3,749, an increase of 5.9% year-on-year, compared to Rs 3,537 last year. EBITDA was Rs 71.2 billion, up 6% year-on-year from Rs 67 billion last year. The margin was flat at 18.9%. Cement sales volume by cement manufacturers increased 1% year-on-year to 6.6 tonnes.

Navin Fluorine: Chemical company Navin Fluorine International Ltd. said that its consolidated profit for the quarter ended September 30, 2021 (second quarter of 2010) decreased by 7% year-on-year compared to the profit of 6.8 billion rupees in the same period of the previous year. I am reporting. Quarterly (Q2FY21). Subsequently, profits increased by 12.5% ​​from 56 rupees recorded in the quarter ending June 30, 2021 (first quarter of 2010). Operating revenue was Rs 33.9 billion, up 6% year-on-year, compared to Rs 31.9 billion last year. Revenue of 327 rupees in the June quarter. EBITDA was 8.4 billion rupees, down 8% from the previous year from 9.1 billion rupees. EBITDA of 78 rupees was recorded in the previous quarter. The Navin Fluorine margin was 28% for Q2FY21 and 24% for Q1FY22, compared to 25% for Q2FY22. In addition, the nominal value for the fiscal year ending March 2022 is an interim dividend of 5 rupees per share. He also appointed Basant Kumar Bansal as CFO, a key manager, wef, November 1, 2021. Apurva Purohit was appointed as additional and independent directors on October 19, 2021.

ICICI Prudential: ICIC IPrudential, a private life insurance company, reported that its non-consolidated profit for the quarter ended June 30, 2021 was Rs 44.4 billion, up 46.5% year-on-year. It posted a profit of Rs 30.3 billion in the same period last year. Net premiums earned in the September 2021 quarter were Rs 9,286, an increase of 8.3% compared to Rs 8,572 in the year-ago quarter. The company had a Covid-19 claim (after reinsurance deduction) of Rs 862. Net income growth was driven by new business value growth and a significant increase in return on investment.

Deepak fertilizer: The Board of Directors of the Company has approved a resolution to raise funds by issuing shares through the placement of qualified institutions. Approved to begin issuance on October 19, 2021, with a minimum issuance price of Rs 422.48 per share. In addition, the Board of Directors will meet on October 22, 2021, and the Securities Issuance Committee will meet on October 22, 2021, among other things, considering issue prices, including discounts. , Will be approved. Review, determine, and approve one of them, and the end date of the issue. We may, in our discretion, offer discounts of up to 5% of the minimum price in question.

Astral Ltd + Sterling and Wilson Solar

Astral Ltd: The board of directors has decided to enter the Faucets & Sanitaryware business area as part of its growth strategy to leverage the brand ASTRAL. The faucet & sanitary ware sector has the potential of the Appx market. 15,000 rupees in India. The company has appointed Atour Sanfubi as president (faucet and sanitary ware division) and is leading this division.

Stirling and Wilson Solar: The company is reportedly planning to sell its textile unit in Karnataka and raise up to Rs 1,000 by March. We plan to raise Rs 10,000 from the sale of assets by March 2022.



Stocks to watch on October 20: From Nestle, LTTS, MasTec, ACC to Deepak fertilizer.Here are the 5 newsmakers today

https://www.zeebiz.com/market-news/news-stocks-in-focus-on-october-20-nestle-ltts-mastek-acc-to-deepak-fertilizers-here-are-the-5-newsmakers-of-the-day-168239 Stocks to watch on October 20: From Nestle, LTTS, MasTec, ACC to Deepak fertilizer.Here are the 5 newsmakers today

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