Focus on stocks on October 4: CSB Bank, HDFC Ltd, Avenue Supermarts, Grasim at Avenue Supermarts; here are the 5 Newsmakers of the day

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On the stock market, the S&P BSE Sensex index lost 360.78 points or 0.61% to close at 58,765.58 on Friday, October 1, 2021. The Nifty 50 index lost 86.10 points or 0.49% to 17,532.05. But some stocks made the news after the market closed. These actions may impact the indices when it reopens on Monday, October 4, 2021. List of these five actions:

Bank CSB ​​+ Federal Bank + HDFC AG

CSB Bank: CSB Bank Ltd announced provisional financial information for the second quarter ended September 30, 2021. The bank reported total deposits of Rs 19,061 crore as of September 30, 2021, up 9.1% year-on-year from Rs. 17,468 crore as of September 30, 2020, and increased 2.19% QoQ from Rs 18,652 crore as of June 30, 2021. Gross advances were Rs 14,304 crore as of September 30, 2021, up 12% year-on-year from Rs 12,762 crore as of September 30, 2021. September 30, 2020. Advances against gold and gold jewelry increased 10.1% year-on-year from Rs 4,938 crore as of September 30, 2020 to Rs 5,441 crore as of 30 September 2021. CASA stood at Rs 6,214.11 crore as of September 30, 2021, up 21.04% year-on-year from Rs 5,134.06 crore as of September 30, 2020 and 0.69% up of QoQ compared to Rs 6,171.71 crore as of June 30, 2021. The CASA ratio stood at 32.6% in glis annual rate against 29.39% posted last year and the CASA ratio stood at 33.09% in June 2021. Gold loans increased 10.2% year-on-year to Rs 5,441.44 crore and down 3.14% QOQ. Share of gold loan at 38.04% against 38.7% YOY and 39.71% QOQ.

Federal Bank: Federal Bank Ltd announced (provisional) financial information for the second quarter ended September 30, 2021. High low cost deposit ratio of 25 quarters; High loan growth over 6 quarters. Total deposits stood at Rs 1,71,995 crore as of September 30, 2021, up 10% year-on-year from Rs 1,56,747 crore as of September 30, 2020 and up 1.54% QoQ. Gross advances were Rs. 1,37,309 crore as of September 30, 2021, up 10% year-on-year from Rs 1,25,209 crore as of September 30, 2020 and up 3.40% in QoQ. – Gross advances amounted to Rs 1,37,309 crore as of September 30, 2021, up 10% year-on-year from Rs 1,25,209 crore as of September 30, 2020 and up 3.40% year-on-year quarterly. The CASA ratio stands at 36.1% against 33.7% last year. CASA ratio at 25th quarter high of 36.16% vs. 33.68% year-on-year and vs. 34.81% QOQ. The short-term liquidity ratio stood at 225.9% versus 266.3%.

HDFC Ltd: Housing Development Finance Corporation Ltd (HDFC) announced the operational performance of the company during the second quarter ended September 30, 2021. During the second quarter, HDFC granted loans amounting to Rs 7,132 crore, up by 135.7% yoy from Rs 3,026 crore. in the corresponding quarter of the previous year. Gross dividend income for the quarter ended September 30, 2021 was Rs 1,171 crore, compared to Rs 323 crore posted last year. Under IndAS, employee stock options must be measured at fair value and charged to the income statement as part of payroll taxes, primarily over the two-year vesting period. This would result in a charge to the income statement of approximately Rs 122 crore in the quarter ended September 30, 2021.

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Supermarts Avenue + Coal India

Avenue Supermarts: The company, which owns and operates the D-Mart retail chain, announced the company’s quarterly update at the end of the second quarter of fiscal 22 and reported an increase of 46.6 % YoY of own-source revenue from operations at Rs 7,649.64 crore. The total number of stores as of September 30, 2021 was 246 compared to 238 stores in the June quarter.
Coal India: The coal production of the public company CIL recorded a marginal increase of 0.5% yoy to 40.7 million tonnes (MT) in September 2021 against 40.5 MT produced in September 2020. The levy of the company also increased by 3.4% yoy to 48.3 MT out of 46.7 MT in the corresponding month of the previous fiscal year.

Grasim: Grasim Industries said on Friday that the income tax department asked the company to claim Rs 8,334 crore in capital gains tax in respect of the sale of shares in a group company. Aditya Birla Group added that it would take “appropriate action” against the tax demand. This is linked to the planned merger of Grasim Industries with Aditya Birla Nuvo and Aditya Birla Financial Services.

Aurobindo Pharma: Pharmaceutical company Aurobindo Pharma said on Friday that N Govindarajan had resigned as chief executive and director of the company’s board for personal reasons. N Govindarajan will be relieved of the services of the company as of the close of business on December 31, 2021. He added that the company has appointed S Damodharan as COO for the active pharmaceutical ingredients (API) vertical. P Yugandhar has been appointed Managing Director of Eugia Pharma Specialties Ltd, a 100% subsidiary of the company specializing in injectable generics and oncology business.

Fund action

Siyaram Silk: Abakkus Asset Manager LLP bought 5,24,591 shares at Rs 366.2 per share. The DSP core fund sold 6,56,213 shares at Rs 365.24.
India Glycol: WHV-EAM International Small Cap Equity Fund bought 1,867,947 shares at Rs 830.22 per share.


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