Tata Motors trades higher on commencing production of upcoming flagship SUV Safari

Tata Motors is currently trading at Rs. 245.70, up by 0.55 points or 0.22% from its previous closing of Rs. 245.15 on the BSE.

The scrip opened at Rs. 246.35 and has touched a high and low of Rs. 249.50 and Rs. 242.50 respectively. So far 3934445 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 249.80 on 14-Jan-2021 and a 52 week low of Rs. 63.60 on 24-Mar-2020.

Last one week high and low of the scrip stood at Rs. 249.80 and Rs. 199.55 respectively. The current market cap of the company is Rs. 75880.64 crore.

The promoters holding in the company stood at 42.39%, while Institutions and Non-Institutions held 28.33% and 17.81% respectively.

Tata Motors has commenced production of its upcoming flagship SUV Safari. The auto major rolled out the first Safari unit from its Pune-based manufacturing facility.

Tata Motors is India’s largest automobile company. Through subsidiaries and associate companies, Tata Motors has operations in the UK, South Korea, Thailand, South Africa and Indonesia. Among them is Jaguar Land Rover, the business comprising the two iconic British brands.

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Equitas Small Finance Bank jumps after its deposits increase 51% YoY in Q3FY21

Equitas Small Finance Bank is currently trading at Rs. 40.60, up by 1.15 points or 2.92% from its previous closing of Rs. 39.45 on the BSE.

The scrip opened at Rs. 41.00 and has touched a high and low of Rs. 41.70 and Rs. 40.25 respectively. So far 203624 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 42.30 on 07-Jan-2021 and a 52 week low of Rs. 30.10 on 02-Nov-2020.

Last one week high and low of the scrip stood at Rs. 42.30 and Rs. 37.20 respectively. The current market cap of the company is Rs. 4621.30 crore.

Equitas Small Finance Bank’s total deposits stood at Rs 15,862 crore (provisional) as of December 31, 2020 (Q3FY21), up 23% QoQ from Rs 12,901 crore as of September 30, 2020 and up 51% year on year (YoY)  from Rs 10,493 crore as of December 31, 2019. Gross Advances stood at Rs 17,385 crore (provisional) as of December 31, 2020, up 4% QoQ from Rs 16,731 crore as of September 30, 2020 and up 19% YoY from Rs 14,615 crore as of December 31, 2019.

CASA was at Rs 3,967 crore (provisional) as of December 31, 2020, up 22% QoQ from Rs 3,246 crore as of September 30, 2020 and up 81% YoY from Rs 2,196 crore as of December 31, 2019. CASA Ratio stood at 25% (provisional) as of December 31, 2020 as against 25% as of September 30, 2020 and 21% as of December 31, 2019.

Equitas Small Finance Bank offers personalised services and helps finds the right product to suit individual banking requirements for their savings.

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Ashok Leyland jumps on reporting 14% rise in December sales

Ashok Leyland is currently trading at Rs. 103.60, up by 4.50 points or 4.54 % from its previous closing of Rs. 99.10 on the BSE.

The scrip opened at Rs. 99.60 and has touched a high and low of Rs. 104.40 and Rs. 99.60 respectively. So far 2111334 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 102.05 on 17-Dec-2020 and a 52 week low of Rs. 33.70 on 25-Mar-2020.

Last one week high and low of the scrip stood at Rs. 99.90 and Rs. 93.70 respectively. The current market cap of the company is Rs. 30470.77 crore.

The promoters holding in the company stood at 51.54 % while Institutions and Non-Institutions held 32.24 % and 16.23 % respectively.

Ashok Leyland has reported sales figures for the month of December 2020. The company has reported marginal rise of 14% in sales (domestic + exports) during December 2020 at 12762 units as against 11168 units in December 2019. LCV sales were up 42% Y-o-Y at 5878 units in December 2020 as against 4143 units in December 2019. M&HCV Trucks and bus sales stood at 6235 units and 649 units, respectively.

Domestic sales rose 14% Y-o-Y in December 2020 to 11857 units as compared to 10378 units in December 2019. Domestic LCV sales increased 42% Y-o-Y to 5682 units, as compared to 4009 units in December 2019.

Ashok Leyland, the Hinduja Group flagship company in India, is engaged in the manufacturing of commercial vehicles and related components. The company’s products include buses, trucks, engines, defense and special vehicles.

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Shriram Transport Finance trades higher on raising Rs 240 crore through NCDs

Shriram Transport Finance is currently trading at Rs. 1041.65, up by 2.70 points or 0.26% from its previous closing of Rs. 1038.95 on the BSE.

The scrip opened at Rs. 1053.00 and has touched a high and low of Rs. 1053.00 and Rs. 1032.90 respectively. So far 30118 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1331.80 on 24-Feb-2020 and a 52 week low of Rs. 428.70 on 23-Mar-2020.

Last one week high and low of the scrip stood at Rs. 1055.30 and Rs. 998.85 respectively. The current market cap of the company is Rs. 26222.23 crore.

The promoters holding in the company stood at 26.48%, while Institutions and Non-Institutions held 64.91% and 8.60% respectively.

Shriram Transport Finance Company has raised Rs 240 crore through Senior, secured, rated, listed, redeemable, non convertible debentures (NCDs) and allotted 2400 Debenture having face value of Rs 10,00,000 each on private placement basis. The board of directors of the company at its meeting held on November 30, 2020 approved and allotted the same.

Shriram Transport Finance Company is a flagship company of the Chennai-based Shriram group and is classified as deposit taking Asset Financing NBFC.

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UltraTech Cement gains on planning to raise Rs 1,000 crore via NCDs

Ultratech Cement is currently trading at Rs. 5090.00, up by 48.20 points or 0.96% from its previous closing of Rs. 5041.80 on the BSE.

The scrip opened at Rs. 5081.10 and has touched a high and low of Rs. 5098.00 and Rs. 5055.45 respectively. So far 2063 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 5257.90 on 09-Dec-2020 and a 52 week low of Rs. 2913.15 on 25-Mar-2020.

Last one week high and low of the scrip stood at Rs. 5188.05 and Rs. 4865.45 respectively. The current market cap of the company is Rs. 146660.74 crore.

The promoters holding in the company stood at 59.91%, while Institutions and Non-Institutions held 30.76% and 8.79% respectively.

UltraTech Cement is considering a proposal to raise funds by issuance of 10,000 rated, listed, non-convertible, redeemable, unsecured Non-convertible debentures(NCDs) of Rs 10,00,000 each aggregating to Rs 1,000 crore, on private placement basis, including the terms and conditions of the issue, on or after December 30, 2020. 

UltraTech Cement is the largest manufacturer of grey cement, ready mix concrete (RMC) and white cement in India.

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Larsen & Toubro Infotech surges on eyeing significant share of UAE digital services market

Larsen & Toubro Infotech is currently trading at Rs. 3415.15, up by 63.75 points or 1.90% from its previous closing of Rs. 3351.40 on the BSE.

The scrip opened at Rs. 3384.00 and has touched a high and low of Rs. 3445.00 and Rs. 3363.40 respectively. So far 6304 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 3515.15 on 12-Oct-2020 and a 52 week low of Rs. 1207.60 on 19-Mar-2020.

Last one week high and low of the scrip stood at Rs. 3445.00 and Rs. 3215.50 respectively. The current market cap of the company is Rs. 59808.44 crore.

The promoters holding in the company stood at 74.36%, while Institutions and Non-Institutions held 17.62% and 8.02% respectively.

Larsen & Toubro Infotech (LTI), which extended an alliance with Abu Dhabi-based Injazat recently, is eyeing a significant share of the UAE digital services market to the tune of $ 200 million in six years of the partnership. In the first week of December, LTI extended its existing partnership with the UAE company under which it roll out a service delivery model.

LTI is a global technology consulting and digital solutions company helping more than 420 clients succeed in a converging world.

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Axis Bank sticks to its caution script and so do its investors

In an update on its retail book, the private sector lender’s executives said delinquencies may spike in the third and fourth quarter of the current financial year

Axis Bank hasn't been able to bridge the valuation gap even with the sector index in a sign that investors share the bank’s caution

Things may get worse before they get better. That, in a nutshell, seems to be the message from Axis Bank’s management.

In an update on its retail book through a media interaction, the private sector lender’s executives said delinquencies may spike in the third and fourth quarter of the current financial year. To be sure, the lender has reported a sharp improvement in collections, just like its peers. Collection efficiency surged to 95% after the moratorium ended in August and gross bad loans were down to 4.18% of total loan book for the September quarter.

But the commentary from the management has been more cautious than that of rivals such as HDFC Bank and ICICI Bank. Even in Thursday’s media interaction, the management stuck to caution. The bank is right in its guarded approach. Economic indicators have been mixed, with some sectors still showing pain. Employment and wages have taken a huge hit and the recovery in both is patchy. The Reserve Bank of India’s (RBI's) consumer sentiment survey has shown that Indians remain pessimistic over future employment and income prospects. “Given the fact that a lot of people lost their jobs, some had to take salary cuts and some industries were badly affected, these will have some impact on delinquency and portfolio collections," said Sumit Bali, head of retail lending at Axis Bank at Thursday’s interaction.

Small businesses continue to remain under stress, and asset quality here is only propped up due to the government’s guarantee schemes and regulatory forbearance. Once they are removed, it would be challenging for lenders to maintain current asset quality metrics. Analysts have pointed out that bad loans in the micro, small and medium enterprises (MSMEs) loan book may increase in coming quarters.

That is not to say that Axis Bank sees pain even in FY22. In fact, the lender has stressed that asset quality metrics may see improvement in the next financial year. Most of its peers, too, have indicated the same and the recent rally in banking shares show that investors share this optimism.

Axis Bank’s shares, too, have rallied in tandem with others in the past three months. However, the stock has underperformed peers such as ICICI Bank and HDFC Bank since January. It has not been able to bridge the valuation gap even with the sector index. Perhaps this is a sign that investors share the bank’s caution.

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