Stocks in Focus on January 5: NHPC, Bajaj Finance, HDFC, KNR Constructions to Force Motors; here are the 5 Newsmakers of the Day

Stocks in Focus on January 5: NHPC, Bajaj Finance, HDFC, KNR Constructions to Force Motors; here are the 5 Newsmakers of the Day


Domestic equity benchmarks closed with strong gains on Monday, January 4, 2021. The barometer index, the S&P BSE Sensex, gained 307.82 points or 0.64% to 48,176.80. The Nifty 50 index rallied 114.40 points or 0.82% to 14,132.90. But certain stocks came in news after the market was closed. These stocks can impact the indices when it reopens on Tuesday, January 5, 2021. List of such five stocks:

NHPC: Prime Minister Narendra Modi has reviewed work on Pakal Dul Hydroelectric project and instructed to complete the work of the project by January 31, 2025, sources informed Zee Business. The project worth Rs 8,100 crore is located on the river Marusadar in Jammu and Kashmir. PM Modi has also instructed the state government to speed up the land acquisition work for the purpose.

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Bajaj Finance: Bajaj Finance on Monday said that it has acquired 2.2 MM, new customers, in Q3 FY21 as compared to 2.5 MM in Q3 FY20. Customer franchise as of December 31, 2020, stood at 46.3 MM as compared to 40.4 MM as of 31 December 2019. New loans booked during Q3 FY21 were 6.0 MM as compared to 7.7 MM in Q3 FY20. Assets under management (AUM) stood at approximately Rs 1,43,700 crore as of December 31, 2020, as compared to Rs 1,45,092 crore as of December 31, 2019. AUM in Q3 FY21 (adjusted for IPO receivable of Rs 987 crore in Q2 FY21) grew by approximately Rs 7,700 crore as compared to Rs 9,559 crore in Q3 FY20. The Company’s deposit book stood at approximately Rs 23,800 crore as of December 31, 2020, as compared to Rs 20,235 crore as of December 31, 2019.

HDFC: HDFC in its Q3FY21 update on Monday said the individual loan business continued to see improvements during the quarter ended December 31, 2020. Disbursement growth over the corresponding quarter of the previous year was 26%. For the nine months ended December 31, 2020, individual loan disbursements stood at 86% of the levels in the corresponding period of the previous year. Gross income from the dividend for the quarter ended December 31, 2020, was Rs 2 crore (PY: Rs 4 crore). It has assigned loans of Rs 7,076 crore compared to Rs 4,258 crore in the corresponding quarter of the previous year. The profit on the sale of investments was Rs 157 crore and this was on account of the sale of 25,48,750 equity shares of HDFC Life Insurance Company Limited (HDFC Life).

KNR Constructions: The company has received orders worth Rs 603 crore from Project Director, Highways (FAC), Chennai Kanyakumari Industrial Corridor Project, Chennai. The company will be responsible for upgrading and maintenance of entire project stretch design length of 109.273 Km for 7 Years in Tamil Nadu on Engineering, Procurement and Construction (EPC) Mode to be completed within 39 months from the appointed date.

Force Motors: Force Motors on Monday reported its production, sale and export of the products manufactured by the Company in December 2020. It said that total sales stood dropped 60.6% to 1,084 units in December 2020 against 2,747 units sold in December 2019. On the monthly basis, total sales fell 3.9% to 1,084 units against 1,128 units. Domestic sales dropped 68.7% YoY to 787 units against 2,517 units sold last year in the same month. Export sales grew 29.1% YoY to 297 units in December 2020 against 230 units sold in December 2019. Total production fell 47.1 per cent to 1,258 units in the reported month against 2,379 units produced last year.





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