December Quarter Results, Upcoming IPOs, and Top Stocks in Action Today

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On Monday, Indian share markets witnessed selling pressure most of the day and ended deep in the red.

The BSE Sensex closed lower by 416 points to end the day at 41,529. Kotak Mahindra Bank and Reliance Industries were among the top losers.

While the broader NSE Nifty ended down by 122 points to end at 12,231.

Among BSE sectoral indices, energy stocks fell the most, followed by banking stocks and finance stocks.

Speaking of the huge fall witnessed in stock markets yesterday, in a recent edition of The 5 Minute WrapUp, Tanushree has shared Vijay's popular video, along with the full transcript, on safe investments for 2020.

You can check the same here: Your Safe Income Options for 2020

Top Stocks in Action Today

Ashok Leyland share price will be in focus today as the company has delivered the first batch of BS-VI compliant trucks to customers in Delhi-NCR region. For meeting the BS-VI emission standard, the company has developed an innovative iGen6 technology that will ensure higher operating profits for customers.

Prestige Estates share price will also be in focus today as the company's wholly owned subsidiary, Prestige Falcon Realty Ventures has invested in Lokhandwala DB Realty LLP (LLP) by way of capital account contribution and admitted as partner of the LLP with 50% economic and voting rights.

Market participants will also track HDFC AMC share price, Polycab India share price, and Havells India share price as these companies will announce their December quarter results later today.

You can also read our recently released Q3FY20 results: Infosys, IndusInd Bank, Bandhan Bank, Mindtree, TCS, Reliance Industries, HCL Technologies.

Results Corner

Tata Metalik has reported 15.9% rise in its net profit at Rs 459.1 million for the December quarter (Q3FY20) as compared to Rs 396.3 million for the same quarter in the previous year.

However, total income of the company decreased by 4.7% at Rs 5,217 million for Q3FY20 as compared to Rs 5,476.3 million for the corresponding quarter previous year.

Chennai Petroleum has reported a net profit of Rs 63.7 million for the quarter under review against net loss of Rs 3,671 million for the same quarter in the previous year.

Federal bank has reported rise of 32.1% in its net profit at Rs 4,406.4 million for the quarter under review as compared to Rs 3,336.3 million for the same quarter in the previous year.

Total income of the bank increased by 13.3% at Rs 37.4 billion for Q3FY20 as compared Rs 33 billion for the corresponding quarter previous year.

On a consolidated basis, the bank reported rise of 32.5% in its net profit at Rs 4,517.2 million.

Mutual Fund Investment Drops in 2019

In news from the mutual funds space, investors pumped in nearly Rs 750 billion in equity-oriented mutual fund schemes in 2019, a sharp plunge of 41% from the preceding year, mainly hit by extreme market volatility amid slowing economic growth.

In 2017, such schemes had witnessed an impressive inflow of around Rs 1.3 trillion as compared to Rs 510 billion in 2016.

The pace of inflows in equity funds tapered off towards the end of the year with the inflow in such schemes hitting a 41-month low of Rs 13.1 billion in November as investors did not see the index returns in their own funds.

Besides, weakness in the mid and small-cap space dented the investor confidence.

From the IPO Space...

Indian Railway Finance Corporation (IRFC) has filed draft papers with Indian share market regulator for its initial public offering (IPO).

The public issue is of up to 140,70,69,000 equity shares of which up to 93,80,46,000 equity shares are fresh issue, and up to 46,90,23,000 equity shares are offer for sale.

The net proceeds from the offer are proposed to be utilised towards augmenting the company's equity capital base to meet future capital requirements arising out of growth in business and general corporate purposes.

IDFC Securities, HSBC Securities and Capital Markets (India), ICICI Securities and SBI Capital Markets are the book running lead managers to the issue.

IRFC was incorporated as the dedicated market borrowing arm for the Indian Railways and has played a strategic role in financing the latter's operations.

We will keep you updated on all the news regarding this IPO. Stay tuned.

Speaking of IPOs, in one of the editions of The 5 Minute WrapUp, Ankit Shah shared how IPOs offer insights into the mood of the stock markets.

He picked the six most successful IPOs of the year and checked the retail investor enthusiasm for them.

Obviously, all these IPOs were oversubscribed across investor categories. But the level of retail investor enthusiasm differed widely, depending on the overall market sentiments. This can be seen in the chart below:

Are Retail Investors Back in the IPO Game?

Here's what Ankit wrote about it...

• Clearly, IRCTC witnessed the highest number of bids for the retail category. Factoring in the discount of Rs 10 per share for the retail category, the total bids were worth a whopping Rs 3,242 crore. Over five times the entire IPO size!
  
  Polycab India and the recent IPO of CSB Bank also received a strong thumbs-up from retail investors.

Does this hint that retail investors are coming back to the markets? Could we witness of flurry of IPOs in the coming months?

It would be interesting to see how this trend pans out in 2020.

Ankit keeps a tab on all the IPOs at his premium newsletter Equitymaster Insider (requires subscription).

He's closely watching IPOs in 2020 and is going to pick all the profitable ones for his readers at Equitymaster Insider. In one of his recent articles, he has explained why keeping a tab on the IPO market is vital to your overall investing goals. You can read it here: What I Learnt from IPOs in 2019 (requires subscription).

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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