Jubilant FoodWorks' Split Plan, Delhivery's Rs 76.4 bn IPO, and Buzzing Stocks Today

Mon, 17 Jan Pre-Open

   Previous Close   

   SGX Nifty   

   10:30 am   

   Closing   

Indian share markets ended on a flat note on Friday.

Benchmark indices snapped their four-day winning run and ended lower amid weak global cues.

At the closing bell on Friday, the BSE Sensex stood lower by 12 points (down 0.1%).

Meanwhile, the NSE Nifty closed lower by 2 points (down 0.1%).

Tata Consumer Products and IOC were among the top gainers.

Asian Paints and Axis Bank, on the other hand, were among the top losers.

The BSE Mid Cap index and the BSE Small Cap index ended up by 0.2% and 0.5%, respectively.

Sectoral indices ended on a mixed note with stocks in the telecom sector and FMCG sector witnessing most of the selling pressure.

Engineering and realty stocks, on the other hand, witnessed buying interest.

Shares of Jamna Auto and Trident hit their respective 52-week highs.

Gold prices for the latest contract on MCX were trading up by 0.4% at Rs 47,915 per 10 grams at the time of closing stock market hours on Friday.

Speaking of stock markets, India's #1 trader Vijay Bhambwani addresses the concerns regarding the imminent tapering by the US Federal Reserve, in his latest video for Fast Profits Daily.

In this video, Vijay shares his view on the impact of Fed rate hike on Indian markets.

Tune in to find out more:

Top Stocks in Focus Today

Among the buzzing stocks today will be Jubilant FoodWorks.

Jubilant FoodWorks rose 2.9% to Rs 4,032 after the company said its board will consider a stock split on 2 February 2022.

The board of Jubilant FoodWorks will also consider December quarter results on 2 February 2022.

On a standalone basis, Jubilant Foodworks' net profit rose 58% to Rs 1.2 bn on 36.7% rise in revenue from operations to Rs 11 bn in the September 2022 quarter over the same quarter last year.

Jubilant Foodworks is India's largest foodservice company. It holds the master franchise rights for three international brands, Domino's Pizza, Dunkin' Donuts and Popeyes addressing three different food market segments.

The company launched its first homegrown brand - Hong's Kitchen in Chinese cuisine segment & has also begun offering brand-owned ready-to-cook range of sauces, gravies and pastes, 'ChefBoss'. The company also entered into the exciting world of Biryanis with the launch of "Ekdum!".

The company currently operates more than 1,435 outlets for Domino's Pizza, Dunkin' Donuts and Hong's Kitchen and is a market leader in pizza segment. The company has more than 30,000 brand ambassadors committed to deliver value to its customers.

Aditya Birla Fashion share price will also be in focus today.

Aditya Birla Fashion and Retail paid Rs 900 m for a 51% stake in the House of Masaba.

It is building a gamut of designer brands and after having a stake in Sabyasachi, Shantanu and Nikhil and Tarun Tahiliani.

Aditya Birla Fashion is not the only one, over the last year or so, investments have been seen in this space coming from Reliance as well.

Reliance, for instance, has taken Satya Paul, Manish Malhotra as well as Ritu Kumar. So, all these designers eventually, after building their label proof of concept, are finding corporate buyers who are looking to scale up these brands and get more revenue out of them.

Apart from designer brands, Aditya Birla Fashion entered into ethnic wear as well and recently also bought the license for Reebok. So that gives them the entire portfolio alongside the brands that they have already.

Looking at Masaba's revenues, they have been close to Rs 300 m for the previous year, but that's from a limited number of stores.

Therefore, what Aditya Birla Fashion or Reliance can do to these brands is take their brands and leverage their presence with the presence that they have across the country and the scale-up could be manifold just by virtue of these brands being available at multiple places as against just a few stores that they are in currently.

Market Regulator Approves Delhivery's Rs 74.6 bn IPO

Market regulator has approved Delhivery's Rs 76.4 bn initial public offering (IPO).

Delhivery wants to head to Dalal Street with its IPO as early as this month. It will however not want its IPO to coincide with the Union Budget speech on 1 February 2022, which also happens to be start of the Chinese New Year and the Hong Kong equity markets will be shut.

Delhivery's IPO is one of the most anticipated IPOs of new age companies this year.

After the blockbuster listing of Zomato and Nykaa, the Paytm IPO debacle has become a big concern for the primary markets. Experts say Paytm did not leave enough value on the table.

Now there is one big common factor between Delhivery and Paytm and that is SoftBank. The Japanese giant happens to be Delhivery's largest shareholder with a 22.78% stake.

As it is, unlike its other startup peers, the Delhivery IPO has a large fresh issue. Out of the Rs 76.4 bn it is targeting to raise from the IPO, Rs 50 bn via a fresh issue.

CPI Inflation Starts Another 6%+ Journey After Turn in Base Effect

India's consumer price index (CPI) inflation jumped to 5.59% in December from 4.91% the previous month.

However, the Reserve Bank of India's monetary policy committee will likely not be too disturbed because the average for the last quarter of 2021 undershot the central bank's forecast by 10 basis points.

The base effect, which was instrumental in lowering CPI inflation from 6%+ to close to the central bank's target of 4% in the space of a few months, turned for the worse in December and is unlikely to help policymakers in the first quarter of 2022.

In November, CPI inflation had risen less than expected to 4.91% from 4.48% the previous month.

The RBI noted last month in its monthly State of the Economy article that inflation had risen only 43 basis points due to a favourable base effect of about 30 basis points, partially offsetting price momentum of around 70 basis points.

Back-of-the-envelope calculations showed this favourable base effect of 30 basis points in November turned into an unfavourable base effect of 104 basis points in December.

The general index of the CPI fell to 166.1 in December from 166.7 the previous month.

The base will remain unfavourable in January, too, resulting in CPI inflation trending even higher and going past 6%, the upper bound of the RBI's inflation mandate.

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

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!

Read the latest Market Commentary

Top Gainers TodayTop Gainers over 1-WeekTop Gainers over 1-MonthTop Gainers over 1-YearTop Gainers over 3-YrsTop Gainers over 5-YrsTop Losers TodayTop Losers over 1-WeekTop Losers over 1-MonthTop Losers over 1-YearTop Losers over 3-YrsTop Losers over 5-YrsOnly BuyersOnly SellersMost Active StocksMost Popular Stocks52 Week High Stocks52 Week Low Stocks

INDICESBSE (Rs 0 to 1)BSE (Rs 1 to 2)BSE (Rs 2 to 4)BSE (Rs 4 to 10)BSE (Rs 10 to 20)BSE (Above Rs 20)BSE - AllBSE-30BSE-100BSE-200BSE-500BSE AutoBSE BankexBSE Capital GoodsBSE Consumer DurablesBSE FMCGBSE HealthcareBSE ITBSE MetalBSE Oil & GasBSE PSUBSE TeckBSE RealtyBSE PowerBSE A GroupBSE B GroupBSE Mid-CapBSE Small-CapBSE Basic MaterialsBSE Consumer DiscretionaryBSE IndustrialsBSE UtilitiesBSE Sensex 50BSE Sensex Next 50BSE Bharat 22BSE 150 MidCapBSE 250 SmallCapBSE 250 LargeMidCapBSE 400 MidSmallCapBSE AllCapBSE LargeCapBSE SmallCap SelectBSE 100 LargeCap TMCBSE InfraBSE ManufacturingBSE CPSEBSE Private BankBSE Diversified FinancialsBSE MomentumBSE Low VolatilityBSE QualityBSE Enhanced ValueBSE Divident StabilityS&P BSE IPOBSE SMEIPOBSE 100 ESGBSE CarbonexBSE GreenexNSE (Rs 0 to 10)NSE (Rs 10 to 20)NSE (Above Rs 20)NSE - AllNSE-50NSE ITNSE Nifty Midcap 50NSE JR. NiftyNSE Bank NiftyNIFTY Next 50NIFTY 100NIFTY 200NIFTY 500NIFTY MidCap 100NIFTY SmallCap 250NIFTY SmallCap 50NIFTY SmallCap 100NIFTY LargeMidCap 250NIFTY MidSmallCap 400NIFTY AutoNIFTY Consumer DurablesNIFTY FinanceNIFTY FMCGNIFTY MediaNIFTY MetalNIFTY PharmaNIFTY Private BankNIFTY PSU BankNIFTY RealtyNIFTY Oil & GasNIFTY SME EmergeNIFTY CommoditiesNIFTY CPSENIFTY EnergyNIFTY India ConsumptionNIFTY InfraNIFTY MNCNIFTY PSENIFTY Serv SectorNIFTY100 Liquid 15NIFTY Midcap Liquid 15NIFTY Midcap 150 Quality 50NIFTY50 Equal WeightNIFTY100 Equal WeightNIFTY100 Low Volatility 30NIFTY100 Alpha 30NIFTY Alpha 50NIFTY Dividend Opportunities 50NIFTY High Beta 50NIFTY Low Volatility 50NIFTY200 Quality 30NIFTY 500 Value 50NIFTY 100 Quality 30SECTORSAgricultureAirlinesAluminiumAsset Management CompaniesAutomobilesAuto AncillariesBanks (Private)Banks (PSU)BankingCementChemicalsDefenceDiagnosticsDronesEngineeringElectric VehicleElectric Vehicle BatteryEnergy SourcesESGEthanolFertilizersFintechFMCGFoodGreen HydrogenHotelsInfrastructureInsuranceInvestment and FinanceInvITIT (Large)IT (Others)LogisticsMediaMetalMiningIndia's Big Tech StocksIndian PharmaMNC PharmaPSUPaintPaperPlasticPowerRating AgenciesReal EstateREITsRenewable EnergyRetailingSemiconductorShippingSteelSugarSupply ChainTelecomTextilesTravel Support Services

10 results 25 results 50 results 100 results All results

Indian Share Market Update: Top Gainers and Losers