Stocks in Focus on March 2: Auto Stocks, MOIL, Milk Stocks, Eveready Industries, Lupin and many more

The domestic equity benchmarks on Monday, February 28, 2022, bounced off initial losses and ended with modest gains. the S&P BSE Sensex, jumped 388.76 points or 0.70% to 56,247.28.

Certain stocks came in the news after the market was closed on Monday and these can impact the indices when it reopens on Wednesday

The domestic equity benchmarks on Monday, February 28, 2022, bounced off initial losses and ended with modest gains. the S&P BSE Sensex, jumped 388.76 points or 0.70% to 56,247.28. The Nifty 50 index added 135.50 points or 0.81% to 16,793.90. But certain stocks came in the news after the market was closed. These stocks can impact the indices when it reopens on Wednesday, March 2, 2022. List of such Stocks:

Auto Sales Number February

M&M: Mahindra & Mahindra (M&M) on Tuesday said that it sold 54,455 units of vehicles in February 2022 against 46,804 units sold in the previous month (January 2022). The Mumbai-based auto major's utility vehicle sales stood at 27,551 units against 19,848 units sold in January 2022. Tractor Sales stood at 20,437 units against 22,682 units sold in January 2022.

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Hero MotoCorp: The world’s largest manufacturer of motorcycles and scooters on Tuesday reported a 5.8% MoM decline in the total sales as it sold 3.58 lakh units of vehicles in February 2022 against 3.80 lakh units sold in January 2022.

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TVS Motor: Motorcycle sales grew by 5% from 137,259 units in February 2021 to 143,523 units in February 2022.

Escorts: The company on Tuesday reported a 7.1% MoM rise in total sales as it sold 6,114 units of vehicles in February 2022 compared to 5,707 units sold in January 2022. However, total sales dipped by 45.6% YoY as it sold 11,230 units of vehicles in February 2021.

Eicher Motors: The company on Tuesday said the total sales of Royal Enfield rose 0.55% MoM to 59,160 units in February 2022 against 58,938 units sold in January 2022. The total sales of commercial vehicles rose by 7.8% to 5,856 units in the reported month against 5,434 units sold in January 2022.

Tata Motors: Tata Motors Limited sales in the domestic & international market for February 2022 stood at 77,733 vehicles, compared to 61,258 units during February 2021. Passenger vehicles sales dropped to 39,981 units in February 2022 against 40,942 units sold in January 2022. EV sales jumped 478% YoY to 2,846 units in February 2022 against 492 units sold in February 2021.

Ashok Leyland: The company in its monthly sales update said that it sold 13,281 units of vehicles in February 2022 against 12,776 units sold in February 2021. On the monthly basis, the company sold 13,939 units of vehicles in January 2022.

Maruti Suzuki: Maruti Suzuki India Limited sold a total of 1,64,056 units of vehicles in February 2022 against 1,64,469 units sold in February 2021. Total sales on month-on-month the company sold 1,53,149 units in January 2022.

SML Isuzu: The company on Tuesday said that its total sales surged by 17.24% in February 2022 as it sold 714 units of vehicles in the month against 609 units sold in January 2022.

Atul Auto: The company on Tuesday said that its total sales fell by 21% in February 2022 as it sold 1.365 units of vehicles in the month against 1,727 units sold in January 2022.

February Monthly Business Updates

NMDC: The state-owned mineral producer on Tuesday said its total production surged by 11.7% YoY in February 2022 at 4.31 million tonnes (MT) against 3.86 MT produced in February 2021. Total sales jumped by 22.1% in the month under consideration at 3.97 MT against 3.25 MT sold in February 2021.

Coal India: State-owned CIL produced on Tuesday said it produced 64.3 million tonnes (MT) of coal in February 2022, a growth of 3.9% compared to 61.9 MT produced in the year-ago period. February 2022 off-take grew 12% YoY to 57.4 MT against 51.3 MT.

Mahamaya Steel: Gross sales for February 2022 stood at 7771.629 MT.
Goodluck India: India’s leading manufacturer of a wide range of Engineering structures, Precision/Auto Tubes, Forging for Defence & Aerospace, CR Products and GI Pipes, has announced that the total exports business for the Company for a year till date crossed Rs 1,000 crore. The export happened across European and North American geographies. Last year the Company had exported a total value of Rs. 475 crores. This year-to-date it has already achieved an export turnover of Rs. 1005.45 crores. This is a jump of 111.4% over the last full financial year.

Price Hikes

MOIL: MOIL has fixed/revised prices of different grades of Manganese Ore and other products. It has increased the prices of all Ferro grades of manganese ore (Manganese ore with Manganese content Mn44% and above) by 15 % on the prices prevailing since February 1, 2022. The prices of all Ferro grades of manganese ore (Manganese ore with Manganese content below Mn-44%), SMGR grades (Mn-30% & Mn-25%), Fines and chemical grades except DB4546 has been increased by 10% on the prices prevailing since February 1, 2022. It has reduced the price of DB4546 by 10% on the prices prevailing since February 1, 2022.
HUL: Hindustan Unilever Ltd., India's largest consumer goods maker has raised prices of many products by 3-13%.
Parag Milk / Hatsun Agro / Heritage Foods / Britannia / Nestle / Vadilal / Umang Dairies / Dodla Dairy / HUL: Amul has increased milk prices by Rs 2 per litre effective from Tuesday.
IOC / HPCL / BPCL + Restaurant Stocks: The prices of 19 kg commercial LPG cylinders have been increased by Rs 105 from March 1, 2022. Following the price hike, the 19 kg commercial cylinder will cost Rs 2,012 in the national capital from Tuesday. The price of a 5 kg cylinder has also been increased by Rs 27. Now a 5 kg cylinder will cost Rs 569 in Delhi.
Aviation Stocks: ATF prices hiked by 3.3% to Rs 93,531/Kl from today.

Stocks in News

Eveready Industries: The Burman family – promoters of Dabur India – has made an open offer to acquire an additional 26% share of the Khaitan 's-promoted company for Rs 605 crore. The open offer price is Rs 320 per share (15% discount). With the launch of an open offer, Burman Group has asked JM Fin to buy an additional 5.26% stake at Rs 320 per share for a total consideration of not more than Rs 122 crore. With this, its stake will increase from 19.85% to 25.11%. On completion of the open offer, the stake will be more than 51%

Lupin: Global pharma major Lupin Limited (Lupin) has announced the launch of Sevelamer Hydrochloride Tablets, 800 mg, having received approval from the United States Food and Drug Administration (FDA). The product will be manufactured at Lupin's facility in Nagpur, India. Sevelamer Hydrochloride Tablets, 800 mg had estimated annual sales of USD 7.5 crore in the U.S. (IQVIA MAT December 2021).

DCM Ltd: The company's engineering unit has defaulted in payment of the loan and its credit facility has been declared as an NPA by banks.

Brightcom Group: The Securities and Exchange Board of India (SEBI) had ordered a forensic audit into the financial statements of Brightcom Group Ltd. The market regulator had appointed Deloitte Touche Tohmatsu India LLP as the forensic auditor of Brightcom's book.

DB Realty: D B Realty on Tuesday said it has won a legal case regarding the title of land owned by the company in Mumbai and will now develop a 2 million square. D B Realty informed that its subsidiary Esteem Properties owns about 22,000 square meters of land at Andheri (East) in Mumbai and was the subject matter of Public Interest Litigation. The Supreme Court has quashed the Mumbai High Court's judgement of May 2010 judgment of the Hon. High Court at Mumbai. Esteem Properties Pvt. Ltd. will develop this land.

Panacea Biotec: The Board of Directors as well as shareholders of the Company and PBPL, have approved the asset purchase agreement for the sale of pharmaceutical formulation brands of PBPL in India and Nepal and transfer of a well-trained sales & marketing team engaged in the domestic pharmaceutical business of PBPL to Mankind Pharma, for an aggregate consideration of Rs 1,872 crore plus GST. PBPL has also executed other definitive agreements including Intellectual Property Assignment Agreement, Patent License Agreement, Manufacturing & Supply Agreement and Transition Services Agreement.

LIC IPO: The government may reconsider the timeline for the much-awaited initial public offering of state-run insurance giant Life Insurance Corporation of India (LIC) the much-awaited initial public offering of state-run insurance giant Life Insurance Corporation of India (LIC).

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