Upcoming IPOs in 2021, Titan's Growth in Q3FY21, and Buzzing Stocks Today

Thu, 7 Jan Pre-Open

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After ten days of consecutive bullish rally, Indian share markets reversed their trend yesterday, in line with global equities.

Benchmark indices fluctuated as investors awaited vaccine deployment in the world's second-largest coronavirus hotspot and ahead of the quarterly earnings season that begins Friday.

As American media outlets started calling the elections in Georgia in favour of the Democratic party, Indian share markets took a dive, dragged by FMCG and energy stocks.

Sentiment also dampened after US President Donald Trump on Tuesday signed an executive order banning transactions with eight Chinese software applications, including Ant Group's Alipay, escalating tensions with Beijing before President-elect Joe Biden takes office this month.

At the closing bell yesterday, the BSE Sensex stood lower by 264 points. The NSE Nifty ended down by 53 points.

Power Grid was among the top gainers.

ITC, on the other hand, was among the top losers.

The BSE Mid Cap index ended up by 0.4%. The BSE Small Cap index ended lower by 0.14%.

Sectoral indices ended on a mixed note with stocks in the telecom sector and metal sector witnessing buying interest.

Energy and FMCG stocks, on the other hand, witnessed selling pressure.

Shares of UltraTech Cement and Navin Fluorine hit their respective 52-week highs yesterday.

Gold prices were trading up by 0.2% at Rs 51,830 per 10 grams at the time of closing stock market hours yesterday.

In his latest video for Fast Profits Daily, Vijay Bhambwani talks about an interesting development in the gold market.

In the US, President Donald Trump's decision to ask election officials in the state of Georgia to find more votes, triggered a rally in the price of gold.

Will this gold rally continue, or will it fizzle out?

Tune in to the video below to find out more.

And to know more about gold, you can check out our detailed article on investing in gold here: How to Invest in Gold?

Top Stocks in Focus Today

HDFC Bank will be among the top buzzing stocks today.

The country's largest private sector lender HDFC Bank said the it has witnessed a loan growth of 19% to Rs 10,820 billion during the third quarter ended December 2020.

The bank had an outstanding loan of Rs 9,360 billion as of December 31, 2019, and a growth of around 4%, HDFC Bank said in a regulatory filing.

Outstanding loans stood at Rs 10,383 billion as of September 30, 2020.

The bank's deposits aggregated to about Rs 12,710 billion as of December 31, 2020, a growth of around 19% as compared to Rs 10,674 billion as of December 31, 2019 and a growth of around 3% as compared to Rs 12,293 billion as of September 30, 2020.

During the quarter, the bank's CASA (current account savings account) ratio rose to around 43%, compared with 39.5% as of December 31, 2019.

The bank purchased loans aggregating Rs 70.8 billion through the direct assignment route under the home loan arrangement with Housing Development Finance Corporation (HDFC) during the quarter.

Alkyl Amines share price will also be in focus today. Shares of the company hit all time high yesterday, days after the firm said its board would consider stock split and setting up new project including amines in its February 2 meeting.

The company's board will also discuss on declaring an interim dividend.

Further, the company said its board will approve financial results for the quarter and nine months ended December 31.

Market participants will also track BEML share price as the company, a defence public sector equipment manufacturer under the Ministry of Defence (MoD), has bagged Rs 7.6 billion worth of orders from the MoD for the supply of high-mobility vehicles.

"The equipment will be manufactured at BEML's Palakkad Plant in Kerala. BEML will supply the vehicles to the Indian Army in a span of a year," the company said in a regulatory filing to exchanges.

Titan's Growth Phase Kicks In; Jewellery Business Reports 15% YoY Growth in Q3FY21

In news from the retail sector...

Titan said its jewellery division has crossed the recovery phase to growth phase and other two large divisions have also moved much closer to the full recovery.

The company's jewellery business reported a healthy 15% year-on-year (YoY) growth in sales during the October-December quarter (Q3FY21), due to festive season along with pent-up demand for wedding jewellery.

The Tata group company's jewellery industry saw resurgence in the festive season along with a pent up demand for wedding jewellery as most of the weddings in H1FY21 were deferred.

The studded mix in Q3 improved although it was still lower than the levels seen in the previous year. The division continued to see a significantly higher share of gold coin sales and very good growth in wedding jewellery sales. Ticket size continues to be higher due to higher gold rates and higher share of wedding related products but 100% recovery in buyers is yet to be seen, the company said.

In the case of watches & wearables segment, the division had a recovery rate of around 88% in Q3, compared to the revenue of the same quarter last year.

The e-commerce channel reported an absolute growth of over 30%.

Meanwhile, other businesses had a revenue recovery of around 80%, compared to the revenue of the same quarter in last year. The recovery rate for fragrances and accessories continued to be muted due to the slow recovery of two of the biggest channels.

Titan share price ended the day down by 0.1%.

Here's an interesting data on Titan, even a tiny investment of Rs 1,000 per month in the stock of Titan, since 2002, would have led to mouth watering returns.

Here's what Co-head of Research at Equitymaster, Tanushree Banerjee wrote about it in one of the editions of Profit Hunter:

• It's possible to accumulate a few crores by investing small amounts in good businesses. Especially when the business is in distress and comes with margin of safety in valuations.
  
  Like the stock in my latest special report - First Stock to Potentially Rs 7 Crore Long-term Wealth.
  
  Business headwinds and macro and regulatory issues have kept the stock out of favour in most of 2020.
  
  Given its pedigree, balance sheet strength and cash flows, the stock has a very high chance of rerating once the temporary clouds of uncertainty disperse.
  
  In fact, I believe that 2021 could be for this stock what 2004 was for Titan.

In a recent special online event - The Great Indian Wealth Project - Tanushree showed how to potentially accumulate Rs 7 crore in wealth, over the long-term.

You can watch the event here.

IPO Buzz: 2021 Set to Witness a Flood of IPOs

In latest developments from the IPO space, as per a leading financial daily, calendar year 2021 is set to witness a flood of initial public offers (IPOs) as fundraising via public issue route gathers steam.

Last year, most of the companies came up with IPOs in the second half of the year, once the sentiment in equity market improved following the crash in March.

In 2020, 16 IPOs hit the markets, of which, 15 were launched in the second half.

Better than expected economic recovery uplifted the market sentiment and the same was visible in the primary market which managed to raise over Rs 310 billion in the year gone by.

SBI Card was the only issue in the first half as Covid-19 and weak market conditions had hit overall sentiment.

Reportedly, at least 15 companies may come out with their initial public offerings. These include Indian Railway Finance Corporation (IRFC), Kalyan Jewellers, Suryoday Small Finance Bank, ESAF Small Finance Bank, Indigo Paints, Brookfield India Real Estate Trust, Barbeque Nation Hospitality, Home First Finance Company and Railtel Corporation Of India.

Among these, companies such as Indigo Paints, Home First Finance, IRFC, Brookfield REIT and Railtel Corporation of India are expected to launch their IPO in January.

How the IPO market performs in 2021 remains to be seen.

We will keep you updated on all the developments from this space. Stay tuned.

And to know what's moving the Indian stock markets today, check out the most recent share market updates here.

For information on how to pick stocks that have the potential to deliver big returns, download our special report now!

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