In contrast to the same period last year (Q2FY24), Bajaj Auto's Q2FY25 financial results demonstrate consistent increase across key measures. Here is a brief summary of the figures:
Q2FY25: ₹2,005 crore
Q2FY24: ₹1,836 crore
Estimates: ₹2,228 crore
Despite falling short of the estimated ₹2,228 crore, Bajaj Auto’s net profit rose by 9.2% compared to last year.
Q2FY25: ₹13,127 crore
Q2FY24: ₹10,777 crore
Estimates: ₹13,270 crore
Bajaj Auto achieved a significant 21.8% growth in revenue compared to Q2FY24, though it came slightly below the estimated ₹13,270 crore.
Q2FY25: ₹2,652 crore
Q2FY24: ₹2,133 crore
Estimates: ₹2,704 crore
EBITDA grew by 24.3% year-over-year but was marginally lower than the forecast of ₹2,704 crore.
Q2FY25: 20.2%
Q2FY24: 19.8%
Estimates: 20.4%
The EBITDA margin has shown improvement, increasing to 20.2%, close to the market estimate of 20.4%.
Overall, Bajaj Auto's financial performance in Q2FY25 demonstrates consistent growth in revenue, profitability, and margins compared to the previous year. However, it fell slightly short of analysts' estimates in all categories. This update reflects a robust performance for the company despite minor shortfalls in hitting projected targets.
Source: CNBC
Rating SUSBCRIBE Issue Offer Issue Opens on Dec 09, 2021Issue Close on Dec 13, 2021 Total IPO size (cr) 1,039.61Fresh issue Nil Offer For Sale (cr) 1,039.61Price Band (INR) 1,000-1,003 Market Lot 14 Face Value (INR) 2Retail Allocation 35%Listing On NSE, BSE
⮚ For achieving the benefits of listing on the stock exchanges.
Issue Break-up (%)QIB Portion 50NIB Portion 15Retail Portion 35
C.E. Info systems limited (MapmyIndia) is a leading provider of advanced digital maps, geospatial software, and location-based IoT technologies in India. The company is a data and technology products and platforms company, offering proprietary digital maps as a service (MaaS), software as a service (SaaS), and platform as a service (PaaS). The company provides products, platforms, application programming interfaces (APIs), and solutions across a range of digital map data, software, and IoT for the Indian market under the (MapmyIndia) brand, and for the international market under the (Mappls) brand.
⮚ Company provide 2D and 3D visual and voice-based navigation platforms that are interactive, capable of outdoor and indoor map rendering, location search, geocoding and reverse geocoding, as well as traffic and turn-by-turn route planning optimization.
⮚ Its geo-analytics services assist customers in a variety of industries in analyzing their markets and developing prediction models using geographical patterns offered by them. These services also give consumers with near-real-time dashboarding and monitoring capabilities.
⮚ Company’s IoT platform, ‘InTouch’, enables connectivity with real world sensors, phones and IoT devices. It provides a wide range of applications for near real-time vehicle and asset tracking, geo fencing alerts, historical movement and driver behavior analysis, predictive vehicle health alerts, as well as fleet, transport and logistics management
⮚ The company's digital maps comprehensively cover India; approximately its digital maps cover 6.29 million kilometers of roads in India, representing 98.50% of India’s road network.
Shareholding (No. of Shares)Pre Issue 53,242,967Post Issue 53,242,967
Indicative Timetable
Finalisation of Basis of Allotment 16-12-2021Refunds/Unblocking ASBA Fund 17-12-2021Credit of equity shares to DP A/c 20-12-2021Trading commences 21-12-2021
The company has shown stable growth in revenue, where it grew from Rs 163.35 cr to Rs 192.27 cr over the period of FY19 to FY21, over the same period profit, has grown from Rs 33.56 cr in FY19 to Rs 59.43 cr in FY21 with a minor dip in FY20. MapmyIndia is the leader in digital mapping in India and has an early mover advantage. We believe that new edge technology including SaaS, PaaS, and MaaS platform providers has a sparkling future for the next few years. The company serves various industries and sectors which is also a positive. The company saw stable revenue growth in the last few years where the margins have improved too also there are no listed peers currently. The IPO is arriving at a PE of 93x and P/BV of 15x on FY21 earnings, being the first mover the company is seeking higher valuation.
C.E. INFO SYSTEMS LIMITED
⮚ Rakesh Kumar Verma is the Chairman and Managing Director of the Company. He co-founded this Company along with Rashmi Verma in 1995 and has significant experience as an entrepreneur in the field of digital maps and geospatial information technologies.
⮚ Rohan Verma is the Whole-time Director and the CEO of the Company. He joined this Company in 2007 and worked in various capacities and was appointed as CEO of the Company with effect from April 1, 2019.
⮚ Anuj Kumar Jain is the Chief Financial Officer of the company and has been associated with the company since May 2011. He has significant experience in the field of finance, taxation, and accounting.
⮚ Saurabh Surendra Somani is the Company Secretary and Compliance Officer of the company with effect from July 27, 2021. He has significant experience in the fields of legal, secretarial and listing compliance.
⮚ Rashmi Verma is the co-founder and chief technology officer of the company. Prior to founding the company, she worked in the U.S.A., including with the IBM Corporation till 1988. She has significant experience as an entrepreneur in the fields of information technology, management, and the geospatial industry, and digital mapping in India.
⮚ Shishir Verma is the senior vice-president, human resources and corporate affairs, and had joined the company on January 17, 2014. He has to look after corporate and legal affairs of the company.
⮚ Pioneers of digital mapping in India having an early mover advantage.
⮚ Leading the B2B and B2B2C market for digital maps and location intelligence in India.
⮚ Market position built around proprietary technology and network effect resulting in strong entry barriers.
⮚ Independent, global geospatial products and platforms company with strong data governance. ⮚ Prestigious customers across sectors with strong relationships.
⮚ Profitable business model with consistent financial track record, high operating leverage and strong cash flows.
⮚ Continue to scale and expand the customer reach leveraging market presence in India.
⮚ Augment company products, platforms and the technology lead.
⮚ Drive expansion in international markets and geospatial sector
⮚ Pursue selective strategic acquisitions and investments to grow their business
⮚ The entire proceeds of the IPO is Offer for Sale. Means, the IPO proceeds would go to selling shareholders and company would not get anything except for listing gains.
⮚ Part of the business is dependent on the performance of the auto sector in India. Any adverse changes in the conditions affecting this sector can impact the business.
⮚ Company’s inability to maintain or update its map database or errors in its map database could harm the reputation of the company.
⮚ Company depends on a limited number of customers for a significant portion of its revenues.
⮚ Company is dependent on trends in the sectors where enterprise customer operates.
C.E. INFO SYSTEMS LIMITED
COMPARISON WITH LISTED INDUSTRY PEERS
There are no listed companies in India that engage in a business similar to that of the Company. Accordingly, it is not possible to provide an industry comparison in relation to the Company
FINANCIALS (RESTATED CONSOLIDATED)
Particulars (Rs. In Millions) FY 2021 FY 2020 FY 2019Equity Share Capital 38.33 38.33 38.33Convertible Preference Shares 1,289.64 1,289.64 1,289.64Other Equity 2,252.01 1,649.43 1,524.03Net Worth 3,579.97 2,977.39 2,851.99Total Borrowings 5.90 8.80 0.00Revenue from Operations 1,524.63 1,486.29 1,352.55EBITDA 543.24 371.87 404.60Profit Before Tax 787.66 315.96 418.02Net Profit for the year 594.33 231.95 335.66
Rating
SUSBCRIBE (Only Long-Term Investors)Issue Offer
Issue Opens on Dec 10, 2021Issue Close on Dec 14, 2021Total IPO size (cr) 1,367.51Fresh issue 295.00Offer For Sale (cr) 1072.51Price Band (INR) 485-500Market Lot 30Face Value (INR) 5Retail Allocation 35%Listing On NSE, BSE
Objects of the issue
⮚ For meeting Capex requirements.
⮚ For general corporate purposes.Issue Break-up (%)QIB Portion 50NIB Portion 15Retail Portion 35
Established in 1955, Metro Brands Limited is one of the largest Indian footwear speciality retailers. Customers' footwear demands are met by a diverse assortment of branded products of Company for men, women, unisex, and children, as well as for various events. The company targets the mid and premium segments in the footwear market which have a higher presence of organized players and growth in the overall footwear industry. Metro, Mochi, Walkway, Da Vinchi, and J. Fontini, as well as Crocs, Skechers, Clarks, Florsheim, and Fitflop, are among the company's well-known brands. The company follows the "company owned and company operated" (COCO) model of retailing through their own Multi Brand Outlets (MBOs) and Exclusive Brand Outlets (EBOs), to manage their stores.
⮚ The company’s total store count has grown from 504 in 116 cities as of March 31, 2019, to 586 stores across 134 cities as of March 31, 2021, and to 598 stores across 136 cities as of September 30, 2021, also Company had the third-highest number of exclusive retail outlets in India, in Fiscal 2021
⮚ The company also offers accessories such as belts, bags, socks, masks and wallets, at its stores. It also offers foot care and shoe care products at stores through its joint venture, M.V. Shoe Care Private Limited, making it a ‘one-stop-shop’ for all footwear and related accessories for customers.
⮚ In Fiscal 2021, In-Store Product Sales, Online Product Sales, and Omni-Channel Product Sales represented 91.93%, 6.15%, and 1.09%, of the Company’s revenue from operations, respectively.
⮚ The company’s retail operations are carried out through stores and distributors as well as through online channels. It primarily follows the ‚company owned and company operated‛ (COCO) model of retailing through its own Multi Brand Outlets (MBOs) and Exclusive Brand Outlets (EBOs), to better manage customer experience at stores.
The company's revenue dropped by 33% in the
Shareholding (No. of Shares)
Pre Issue 265,607,426Post Issue 271,507,426
Indicative Timetable
Finalisation of Basis of Allotment 17-12-2021Refunds/Unblocking ASBA Fund 20-12-2021Credit of equity shares to DP A/c 21-12-2021Trading commences 22-12-2021
Year FY21 to Rs 878 cr from Rs 1311 cr in FY20 on the back of the Covid-19 pandemic. Similarly, profit also declined from Rs. 160.5 cr in the year FY20 to Rs. 64.61 cr in the FY21. The margin of the company was flat in FY19 and FY20 while it dropped since COVID. Metro Brands Limited has demonstrated its growth, profitability, and financial discipline in the past as one of India's leading pan-India footwear retailers. The sector is mostly under-rated and may see a re-rating. The majority of their revenue is from third parties and the company has an asset-light business model however we believe that the IPO is priced aggressively. The IPO is arriving at PE of 205x and P/BV of 16x while if we annualized the FY22 earnings PE works out to be 157x.
SME-IPO Note
METRO BRANDS LIMITED
⮚ Rafique A. Malik is the Chairman of the Company’s Board. He has been associated with this Company as a director since January 19, 1977. He has over 50 years of experience in the field of footwear retail.
⮚ Farah Malik Bhanji is the Managing Director of the Company. She has been associated with the Company as a director since December 5, 2000. She has over 20 years of experience in the field of footwear retail.
⮚ Mohammed Iqbal Hasanally Dossani is the Whole-time Director of the Company. He holds a bachelor’s degree in commerce, Financial Accounting and Auditing.
⮚ Utpal Hemendra Sheth is the Non-Executive Director of the Company. He holds a bachelor’s degree in commerce. He was first appointed as an alternate director in the Company on March 14, 2007.
⮚ Manoj Kumar Maheshwari is the Independent Director of the Company. He has been associated with the Company as an Independent Director since July 24, 2009.
⮚ Aruna Bhagwan Advani is the Independent Director of the Company. She has been associated with the Company as an Independent Director since July 27, 2010.
⮚ Arvind Kumar Singhal is the Independent Director of the Company. He has been associated with the Company as an Independent Director since August 12, 2016.
⮚ Vikas Vijaykumar Khemani is the Independent Director of the Company. He has been associated with the Company as an Independent Director since March 12, 2019. He is an associate of the Institute of Chartered Accountants of India
⮚ Tina Srikanth Velamakanni is the Independent Director of the Company. He has been associated with the Company as an Independent Director since March 25, 2021.
⮚ One of India's largest footwear retailers brands.
⮚ Wide range of brands and products catering to all occasions across age groups and market segments
⮚ Efficient operating model through deep vendor engagements and TOC based supply chain.
⮚ Asset light business with an efficient operating model leading to sustained profitable growth
⮚ Presence across multiple formats and channel
⮚ Strong track record of growth and profitability and financial discipline
⮚ Strong promoter background and an experienced and entrepreneurial management team
⮚ Expand the store network in existing and new Indian cities.
⮚ Increase the contribution of e-commerce and omnichannel sales as a proportion of the sales.
⮚ Expand the portfolio of accessories and grow other allied businesses
⮚ The ongoing COVID-19 epidemic has had a substantial impact on their business.
⮚ All of their stores and warehouses are leased spaces.
⮚ For the production of all the items they sell, they rely on third parties.
⮚ They may not be effective in maintaining and increasing brand visibility.
⮚ The selling of third party brands accounts for a major amount of their revenues.
For additional information & risk factors please refer to the Red Herring Prospectus
IPO NoteMETRO BRANDS LIMITEDCOMPARISON WITH LISTED INDUSTRY PEERS (AS OF 31ST MARCH 2021)Name of the Company EPS (Basic) NAV P/E Total Income (Mn) RoNW (%)Metro Brands Limited 2.43 31.17 205 8,785.38 8.24Peer GroupBata India Limited (6.95) 136.79 - 18,025.65 (5.08)Relaxo Footwears Limited 11.74 63.29 118 23,819.20 18.54FINANCIALS (RESTATED CONSOLIDATED)Particulars (Rs. In Millions) FY 2021 FY 2020 FY 2019Equity Share Capital 1,327.67 1,327.67 1,327.67Other Equity 6,948.03 6,745.22 5,170.99Net Worth 8,275.70 8,072.89 6,498.66Total Borrowings 14.06 115.23 98.56Revenue from Operations 8,000.57 12,851.62 12,170.65EBITDA 1709.3 3535.1 3373.3Profit Before Tax 845.05 2,184.17 2,281.28Net Profit for the year 646.19 1,605.75 1,527.30
The period of November saw a series of IPOs delivering, leaving the financial investors happy. India's greatest IPO to date, PAYTM, worth Rs 18,300 Crores opened up to the world in November 2021.
Sigachi Industries, which opened up to the world on the fifteenth November 2021, returned over 250% on opening, making it one of the top-performing SME-IPOs of the Month.
The COVID-19 pandemic has been unpleasant for the worldwide economy, yet India's market has recuperated rapidly. Right now, the securities exchange is enjoying some real success, and firms are attempting to receive its rewards by opening up to the world in this time frame.
Checking out this, here we bring to you the following IPOs that are lined up to open up to the world in December 2021.
Let’s take a detailed insight into the companies that are going live in December 2021:
Company Name IPO Size Date of Launching Go Airlines Rs 3,600 Crores To Be Announced RateGain Rs 375 Crore7 Dec-9 Dec 2021Anand Rathi WealthRs 660 Crore2 December - 6 DecemberEmcure PharmaceuticalsRs 4,500 CroresTo Be AnnouncedStar Health & Allied InsuranceRs 3000 CroreTo Be AnnouncedJana Small Finance BankRs 2000 CroreTo Be AnnouncedCMS InfosystemsRs 2000 CroreTo Be AnnouncedMobiKwikRs 1,990 CroreTo Be AnnouncedArohan FinancialsRs 1800 CroreTo Be AnnouncedNorthern Arc CapitalRs 1,800 CroreTo Be AnnouncedIxigoRs 1,600 CroreTo Be AnnouncedPenna CementRs 1,500 CroreTo Be AnnouncedEuro PanelINR 7014-16 DecemberSterlite Power Transmission--To Be AnnouncedRategain TRavel Technologies--To Be AnnouncedESAF Small Finance Bank--To Be AnnouncedShriram Properties--To Be AnnouncedShri Bajrang Power & Ispat--To Be AnnouncedStudds Accessories Limited--To Be Announced
Also known as Archer trading house Pvt limited, Euro Panel is known for manufacturing several Aluminium composite panels in different designs, colors and textures.
ACPs are majorly used for the exterior covering of commercial buildings.
The subscription date of Euro panel is 14 -16 December. The OFS for the company is 8,28,000 shares whereas the fresh issue of shares is 56,72,000 shares. The lot size of the company is of total 2000 shares.
The company is a prominent name in distribution technology globally and also, it is the SAAS provider company in the travel and hospitality industry in India. It offers services like travel and hospitality services across different vertices like hotels, airlines, package providers, car rentals, cruises, hotels and ferries.
Anand Rathi wealth is a leading non-wealth solution company in India and has been ranked amongst the top three non-bank mutual fund distributors in India by gross commission earned in Fiscal 2020.
It serves a wide spectrum of clients via wealth solutions, financial product distribution and technology solutions.
Emcure Pharmaceuticals is a leading organization in the pharmaceutical industry that has plans to open up to the world about an IPO of about Rs. 4,500 crores.
This IPO will involve both new equity shares and an OFS.
Around 18 million shares will be accessible under an offer for sale by the organization advertisers and existing shareholders.
While the new issue value will incorporate an offer of about Rs. 1,100 crores.
The primary goal of this public offering is to reimburse the current debts of the organization.
GO Airlines is one of India's leading aircraft organizations and is all set to launch its IPO of Rs. 3,600 crores on 8 December 2021. This public issue holds the only fresh issue of equity shares at a face value of Rs. 10 per share.
Furthermore, the organization also plans an anchor investment of Rs. 1,500 crores.
The primary goal of this public offering is to assist the organization with paying off its present debts and meet general corporate purposes.
Star Health and Allied Insurance Co. Ltd. is one of India's leading insurance providers. They are driving the rundown of India's private insurance cover provider with a market share of 15.8%.
The organization has submitted its DRHP to the Securities and Exchange Board of India. This public issue has a company valuation of about Rs. 3,000 crores.
The IPO consists of a fresh issue of equity trading shares of Rs 2000 Crore and 6 Crore equity shares under OFS.
In the last monetary year, Star Health has acquired a gross return premium of Rs. 9,438.95 crores.
According to its DRHP, this IPO will help the organization keep its solvency levels and develop its present capital base.
Jana Small Finance Bank is one of the leading finance banks of this country.
According to its DRHP, Jana Small Finance Bank's IPO will have a valuation of Rs. 2,000 crores, involving OFS and new fresh equity issue. The proposal available to be purchased should assemble Rs. 1,300 crores, and the fresh issue equity shares offers will produce the leftover Rs. 700 crores.
CMS Info System is a notable name in the business vertical of cash management services. Its customers are spread across the financial sector.
CMS Info System has submitted its DRHP for an IPO of Rs. 2,000 crores with the Securities and Exchange Board of India. Also, this IPO will just involve a proposal available to be purchased and no new fresh issue of equity shares.
Among this IPO fest, Ruchi Soya is an exemption with its subsequent public proposition. The organization is starting an FPO with a valuation of about Rs. 4,300 crores.
Among this IPO fest, Ruchi Soya is starting an FPO with a valuation of about Rs. 4,300 crores.
Arohan Financial Services has filed its DRHP record with SEBI, the organization's first sale of stock will be worth Rs. 1,800 crores. It will have a new issue of equity shares adding up to Rs. 850 crores, and an OFS of 27,055,893 value shares by current stakeholders
The IPO of Penna Cement according to its DRHP will be worth Rs. 1,550 crores. It will involve a fresh issue of equity shares adding up to Rs. 1,300 crores and make available for the purchase of Rs. 250 crores.
This IPO will have a valuation of Rs. 1,350 crores. This incorporates an OFS of Rs. 600 crores and a fresh issue of equity shares of Rs. 750 crores.
According to their DRHP, this IPO will have a valuation of about Rs. 1,330 crores, including a new fresh issue of equity shares of Rs. 330 crores and OFS of Rs. 1,000 crores by the company promoters.
ESAF Small Finance Bank is one more SFB that is going public in FY2022. At first, the monetary organization had plans to go public in mid-2021, yet the pandemic halted that progress.
The DRHP of this IPO will have a valuation of Rs. 998 crores. This will incorporate fresh issue equity shares of Rs. 800 crores, and the leftover Rs. 198 crores are through and OFS.
Since many IPOs are knocking at your doors in the last of the Year 2021, it would be imperative for you to make yourself prepared and get the chance to put resources into new age technology-empowered companies. However, before investing, you must have a Demat Account with a SEBI enrolled stock broker!
RatingSUSBCRIBE (Only Aggressive Investors)Issue OfferIssue Opens on Dec 08, 2021Issue Close on Dec 10, 2021Total IPO size (cr) 600Fresh issue 250Offer For Sale (cr) 350Price Band (INR) 113-118Market Lot 125Face Value (INR) 10Retail Allocation 10%Listing On NSE, BSEObjects of the issue ⮚ For repayment of borrowings. ⮚ For general corporate purposes.Issue Break-up (%)QIB Portion 75NIB Portion 15Retail Portion 10⮚ Shareholding (No. of Shares)Pre Issue 148,411,448Post Issue 169,597,889Indicative TimetableFinalisation of Basis of Allotment 15-12-2021Refunds/Unblocking ASBA Fund 16-12-2021Credit of equity shares to DP A/c 17-12-2021Trading commences 20-12-2021
The company's financials have been on a weaker note where revenues of the company are declining while the company turned loss-making since FY20. The company's revenues in FY19 were Rs. 723 cr, which fell to Rs 501 cr in FY21, while it made a profit of Rs 48 cr in FY19 and a loss of Rs 67 cr in FY21.
Despite strong brand recognition, the company has suffered losses during the COVID, when real estate and housing were booming. Being a loss-making company retail portion is 10%.
The SME IPO is arriving at a P/BV of 2.09x while the industry average is 3.69x which might attract minor listing gain. However, we believe that there are many reputable listed companies such as Sobha, Brigade, Prestige, etc., and only "AGGRESSIVE INVESTORS" should apply for the IPO.
SHRIRAM PROPERTIES LIMITED
⮚ M. Murali is the Chairman and Managing Director and individual Promoter of the Company. He has over 17 years of work experience with this Company and was first appointed as a Director on March 30, 2003.
⮚ S. Natarajan is a Non-Executive Director of the Company.
He is a member of the Institute of Chartered Accountants of India since 1975. He has been associated with the Shriram group for over 17 years and has been a Director of the Company since March 30, 2003.
⮚ Raphael Dawson is a Non-Executive Nominee Director of the Company. He has more than 15 years of work experience.
⮚ Gautham Radhakrishnan is a Non-Executive Nominee Director of the Company. His career has been exclusively in private equity and corporate finance.
⮚ T.S. Vijayan is an Independent Director of the Company. He has many years of experience in the insurance sector and was formerly the Chairman of the Life Insurance Corporation of India.
⮚ K.G. Krishnamurthy is an Independent Director of the Company. He has over 38 years of experience in the real estate sector.
⮚ Anita Kapur is an Independent Director of the Company. She has been a director of the Company since November 14, 2018.
⮚ Professor R. Vaidyanathan is an Independent Director of the Company. He has been a director of the Company since December 13, 2018.
⮚ Part of the Shriram Group and Backed by Marquee Investors.
⮚ One of the Leading Residential Real Estate Development Companies in South India with a Focus on Mid-market and Affordable Housing Categories.
⮚ Demonstrated Capabilities in Project Identification and Strong Execution Track Record
⮚ Established Strategic Relationships
⮚ Scalable and Asset Light Business Model supported by our Strong Financial Position
⮚ Well Positioned to Benefit from Regulatory and Industry Developments
⮚ Experienced and Professional Management Team
⮚ The company has strong, proven capabilities in the identification and execution of projects.
⮚ Their business is capital intensive and is significantly dependent on the availability of real estate financing in India.
⮚ Shortages or disruption in the supply of labor and key building materials could affect the estimated construction cost and timelines.
⮚ They depend on landowners or developers for obtaining certain regulatory approvals for the development management business any failure in that may adversely affect the business.
⮚ The Indian real estate sector is heavily regulated. Changing laws, rules and regulations and legal uncertainties.
⮚ An increase in competition in the Indian real estate sector may adversely affect profitability.
⮚ The company has a significant amount of debt which could affect its ability to obtain future financing or pursue its growth strategy.
SHRIRAM PROPERTIES LIMITED
COMPARISON WITH LISTED INDUSTRY PEERS
Name of the Company EPS (Basic) NAV P/E P/BV Total Income (mn)c Shriram Properties Limited (4.60) 56.44 - 2.09 5,013.08 Peer Group Sobha Limited 6.57 255.97 133.13 3.32 21,904.00Prestige Estates Projects Limited 36.32 166.52 12.86 2.68 75,018.00Brigade Enterprises Limited (2.24) 111.32 - 4.08 20,103.90Godrej Properties Limited (7.48) 299.32 - 6.70 13,330.90Oberoi Realty Limited 20.33 257.68 45.29 3.24 20,905.87Sunteck Realty Limited 2.98 19.75 160.64 2.28 6,308.42
FINANCIALS (RESTATED CONSOLIDATED)
Particulars (Rs. In Millions) FY 2021 FY 2020 FY 2019Equity Share Capital 1,481.10 1,481.10 1,481.10Other Equity 6,791.78 7,459.82 8,215.10 Net Worth 8,272.88 8,940.92 9,696.20Total Borrowings 7,271.69 7,372.47 8,456.65 Revenue from Operations 5,013.08 6, 318.43 7,237.80 EBITDA 1,210.53 904.14 799.30Profit Before Tax (452.00) (816.58) 829.21 Net Profit for the year (674.80) (864.25) 480.62
In this Blog, we will discuss the Impact of FIIs Selling. In the last few days, foreign investors have sold sharply in the Indian stock market. They have withdrawn more than 17,000 crore rupees in just 5 days. Experts say investors have a good chance of buying every fall.
The Indian stock market has been declining for the past month. Experts say the selling round may continue next month. However, FIIs are expected to return in the new year. Since then the market has been in a downward trend. it has fallen to 58680 levels. The Sensex has lost 3581 points.
According to information on SEBI's website, foreign investors sold for Rs 17900 crore in November. 87,000 crore has been withdrawn from the Indian stock market since the current financial year i.e. April 1.
On the other hand, domestic investors have made purchases worth Rs 13,000 crore in November. While shares worth Rs 69,000 crore have been purchased this fiscal.
Stock market experts said that the US is the main reason for foreign investors withdrawing money from India.
In the First place, experts revealed that the US central bank, the Federal Reserve, had given a relief package to bail out the economy from the corona. Under this package, the amount was directly received by the general public. Many more steps were taken for the economy at that time.
Secondly, those relief steps are set to be withdrawn. One of these is the decision on the interest rate. next month the US the central bank could raise federal reserve interest rates. In such a situation, the Indian markets will not be very beneficial for investing money.
The U.S. dollar will rise. This will increase the weakness in the rupee. That's why investors are returning to the U.S. markets. benchmark US 10-year treasury yields rose sharply, reducing the yield gap between the US and India.
Now, the situation is like FIIs are relocating their assets to the United States because of the dollar's strength over other currencies. This permits homegrown financial investors to buy Indian equities at a flexible discount, bringing about the inconsistency between DII inflows and FII outflows.
All through this fiscal year, the Federal Reserve has been out of a way for the clearing post-pandemic time, remembering a decrease for bond buys.
At last, US 10-year depository yields expanded all the more quickly, shutting the yield divergence between the US and India. This caused FIIs to pull out certain funds, while domestic investors maintained their positions very well, another analyst said.
Many stock market research analysts said that small investors have a good chance of buying Indian stocks. Hence, it would be the right decision to invest money in the shares of banking and financial companies.
The US has a 34 per cent stake in foreign investors investing money in India. it is followed by Mauritius (11 per cent), Singapore (8.8 per cent), Luxembourg (8.6 per cent), Britain (5.3 per cent), Ireland (4 percent), Canada (3.4 per cent), Japan (2.8 per cent) and Norway and the Netherlands (2.4 per cent).
These 10 countries hold 83 per cent of Indian FPI investment. Coming to equity trading investment, the US accounts for 37 per cent, followed by Mauritius with 11 per cent. Singapore (29 per cent) tops debt investment and Luxembourg (11 per cent) is second.
Authorities on the matter agree worldwide that the move would diminish interest rates dissimilarity between the US and developing business markets like India, making them less appealing compared to others.
सोने और चांदी के भाव में पिछले सप्ताह भी गिरावट दर्ज की गई है। कीमती धातुओं के भाव कोरोना वायरस के नए संस्करण ओमीक्रॉन आने के कारण निचले स्तरों पर सपोर्ट लेते दिखे और एक सीमित दायरे में रहे। साउथ अफ्रीका में बदले हुए वायरस के इस रूप के कारण निवेशक जोखिम भरी संपत्ति में निवेश से पीछे हटते दिखे।
वायरस के नए संस्करण का फैलाव कई देशो में हो चुका है और इसके बढ़ते प्रभाव के कारण कीमती धातुओं की मांग मजबूत होने की सम्भावना बढ़ने लगी है। भारत में भी ओमीक्रॉन के मामले मिल चुके है और प्रभावितो की कोई ट्रेवल हिस्ट्री नहीं थी जिससे यह अनुमान है की इसके फैलने की गति तेज़ है। आने वाले दिनों में वायरस का प्रभाव बढ़ता है तो यह सोने के भाव को सपोर्ट कर सकता है। अभी इसके कोई ज्यादा घातक परिणाम सामने नहीं आये है लेकिन यह अर्थव्यवस्था की गति को धीमा करने में सक्षम है जिसके कारण कीमती धातुओं में निवेश की मांग बढ़ सकती है।
जबकि अमेरिकी फेड के इन संकेतो से कि मुद्रास्फीति के दबाव को कम करने के लिए उम्मीद से पहले परिसंपत्ति की कमी और ब्याज दरों में वृद्धि की गति को तेज करेगा, जिससे सोने और चांदी के भाव में दबाव बना हुआ है। इस बीच, गुरुवार को जारी अमेरिकी आंकड़ों से पता चला है कि पूरे सप्ताह में 222,000 प्रारंभिक बेरोजगार दावे दायर किए गए, जो अनुमान से बेहतर रहे।
जबकि अमेरिकी नॉनफार्म एम्प्लॉयमेंट चेंज के आंकड़े अनुमान से कमजोर दर्ज किये गए जिससे सोने और चांदी के भाव को सपोर्ट मिला है। सोने के विपरीत चलने वाला, डॉलर में अभी मजबूती बनी हुई है जबकि अमेरिकी बॉन्ड यील्ड में अस्थिरता है। इस सप्ताह मुद्रास्फीति के आंकड़े कीमती धातुओं के लिए महत्वपूर्ण होंगे।
इस सप्ताह सोने और चांदी के भाव सीमित दायरे में रह सकते है। फ़रवरी वायदा सोने में 47000 रुपए पर सपोर्ट और 48600 रुपए पर प्रतिरोध है। मार्च वायदा चांदी में 59800 रुपए पर सपोर्ट और 62700 रुपए पर प्रतिरोध है।
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