Market this week 19-Nov-2021

market this week 19 - nov - 2021
  • The Apollo Hospitals share price gains on a 4-fold increase in Q2 net profit, according to Elara Capital
  • List date and allotment status for the Paytm IPO
  • The IPO for Omnipotent Industries will open on November 16
  • Coal India Q2 Results Preview: PAT to increase 15%, revenue to increase 13%
  • Railtel Corporation of India share price falls on termination of contract with Margo Networks

The Apollo Hospitals share price gains on a 4-fold increase in Q2 net profit, according to Elara Capital

After Apollo Hospitals Enterprises announced the company’s third quarter earnings on November 15, its share price jumped over 9 percent intraday.
The 24-hour initiative will help Apollo Hospitals have end-to-end communication with patients, a strategic advantage over peers. In FY22E, Apollo Hospitals will report an EBITDA of Rs 2,000 crore, Elara Capital claims.In the third quarter ended September 30, the healthcare major announced a four-fold jump in its consolidated net profit of Rs 267.41 crore, led by a recovery in non-COVID-19 revenue and a gradual return of patient mix to pre-COVID-19 levels.

List date and allotment status for the Paytm IPO

Paytm operator One 97 Communications is expected to finalize its basis for allotment by November 15, as per draft papers filed with Sebi. One of the most famous new-age internet companies had one of the biggest ever IPOs, raising Rs 18,300 crore, but did not receive a great response from investors.
Over the course of September 8-10, it received bids for 9.14 crore equity shares against an IPO size of 4.83 crore equity shares, largely due to qualified institutional buyers who subscribed 2.79 times. The portion reserved for retail investors was subscribed 1.66 times, and that of non-institutional investors saw 24 percent subscription.

The IPO for Omnipotent Industries will open on November 16

On November 16, Omnipotent Industries, a company that provides bulk and packed bitumen as well as other bituminous products, will open its initial public offering.

A public offering is scheduled for November 22, and the company’s equity shares will be listed on the SME platform of the BSE. The proceeds of the issue will be used to repay existing loans and augment working capital requirements for general corporate purposes.

Coal India Q2 Results Preview: PAT to increase 15%, revenue to increase 13%

According to analysts, Coal India’s second-quarter consolidated net profit could increase 15 percent as revenue increases 13 percent due to higher sales and realisations, analysts said.

The country’s largest coal producer will release its July-September quarter results on November 12.Profit after tax (PAT) was Rs 2,952 crore and revenues were Rs 21,153 crore a year ago. In the preceding quarter of this financial year, PAT was Rs 3,174 crore and sales were Rs 25,282 crore.

Railtel Corporation of India share price falls on termination of contract with Margo Networks

Railtel Corporation of India share value fell 1% on November 12 after the organization had ended substance on request COD agreement granted to Margo Networks.

The Content on Demand-COD agreement granted to M/s. Margo Networks Pvt. Ltd on 14/01/2020 for giving Content on Demand (COD} administration in all Mail/Express and Suburban trains and all Wi-Fi empowered Railway Stations on a Build Own Operate (BOO) reason for a 10 years time frame (with least assurance of Rs 63 crore for each annum) has been ended by Railtel w.e.f. 11/11/2021 because of non-execution by the worker for hire,

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