Stocks in Focus on January 4: AstraZeneca India, RCF, BEML, Eicher Motors to Tata Motors; here are the 5 Newsmakers of the Day

Stocks in Focus on January 4: AstraZeneca India, RCF, BEML, Eicher Motors to Tata Motors; here are the 5 Newsmakers of the Day

At the stock markets, the Sensex at the Bombay Stock Exchange rose 117.65 points, or 0.25 per cent, to close the first trading session of the New Year, on January 1, 2021, at an all-time high of 47,869. The Nifty at the National Stock Exchange added 36.75 points, or 0.26 per cent, to end at a record high of 14,018.50. But certain stocks came in news after the market was closed. These stocks can impact the indices when it reopens on Monday, January 4, 2021. List of such five stocks:

AstraZeneca and other Pharma companies: 

AstraZeneca India: Drugs Controller General of India (DCGI) has given approval for restricted use in an emergency situation of two Covid-19 vaccines Serum Institute of India’s Covishield and Bharat Biotech’s Covaxin. COVISHIELD has been developed at the Serum Institute of India’s Pune laboratory with a master seed from Oxford University and AstraZeneca. Serum Institute vaccine found to be 70.42% effective. Both the vaccines are two doses vaccine and should be stored at a temperature of 2-8 degree centigrade. AstraZenecavaccine price is $2.74 (Rs 200) per dose to the government and around $ 13.7 (Rs 1000) per dose in the private market.

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Zydus Cadila: Drug firm Zydus Cadila on Sunday said it has received DCGI approval to initiate Phase III clinical trials of its COVID-19 vaccine ZyCoV-D. The company will now be initiating Phase III clinical trial in around 30,000 volunteers.

Rashtriya Chemicals & Fertilizers (RCF): Union Government has plans to sell 10% stake in Rashtriya Chemicals and Fertilisers Ltd (RCF) through the offer for sale (OFS). Merchant bankers and legal firms will have to bid for the purpose on January 28-29, 2021, to assist the government in the process. Bids floated to manage the share sale process.

BEML: The central government has announced its decision to disinvest 26% out of its total 54.03% stake in the state-owned defence and engineering company BEML Ltd. Disinvestment will be done through 2 levels of the bidding process. Companies, LLPs and funds can participate in the disinvestment process. The sale will be done through an open competitive bidding route where interested bidders will be required to submit an expression of interest (EoI) by March 1, 2021. This divestment of 26% stakes in BEML could fetch around Rs 1,055 crore to the exchequer. Non-core land and assets are not part of divestment.

Eicher Motors (Royal Enfield): Eicher Motors reported a 37% rise in sales of Royal Enfield (RE) in December 2020 at 68,995 units against 50416 units sold last year in the same month. On the month-on-month basis, the sales grew 8.2% to 68,995 units from 63,782 units sold the previous month. Exports increased by 82% to 3.503 units against 1,927 units exported last year. 

Tata Motors: Tata Motors has reported a 21% rise in total domestic sales at 53,430 units in December 2020 against 44,254 units sold in December 2019. On the month-on-month basis, the sales grew 11.6% to 53,430 units from 47,859 units sold the previous month. The company has reported that there a 4% fall in the sales of a commercial vehicle (CV) to 32,869 units in December 2020 against 34,082 units sold last year. On the month-on-month basis, CV vehicle sales improved 17.5% to 32,869 units against 27,982 units sold the previous month. The sales in the passenger vehicle (PV) segment grew 84% to 23,545 units in the reported month against 12,785 units sold last year. On MoM basis, the sales of PVs went up 8.8% to 23,545 units against 21,641 units.

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