Top stocks in focus: Future Retail, Reliance Industries, Eicher Motors, Godrej Consumer Products, Coal India

15 Feb 2022 , 07:30 AM

Future Retail: The losses in December 2021 quarter widened to Rs1,063.4 crore, against loss of Rs847 crore in Q3FY21, but revenue increased sharply by 87% to Rs2,815.7 crore, up from Rs1,506.9 crore yoy. The stock was volatile during the quarter. It fell for the fourth consecutive session.

Reliance Industries: Subsidiary Jio Platforms will invest $200 million in Glance to accelerate Glance’s launch in key international markets. In the last one month, the scrip was down 8% while so far this year it fell 3%.

Eicher Motors: Subdued sales due to semiconductor chips shortage and weak operating income dented profitability in Q3FY22 as profit declined 14.4% to Rs456 crore, down compared to Rs533 crore in Q3FY21. Revenue increased 1.9% to Rs2,881 crore from Rs2,828 crore yoy, but Royal Enfield sales volume dropped 15.6% yoy to 1.67 lakh units. The stock was already under pressure due to weaker sales and semiconductor chip shortage. In the last one month, the scrip fell over 9%.

Godrej Consumer Products: The company divested its entire stake in BBLUNT for Rs84.5 crore. Honasa Consumer, which runs brands like Mamaearth, has acquired BBLUNT from the company. The stock fell for seventh consecutive sessions and declined nearly 14% in this period.

Coal India: Profit during the quarter ended December 2021 grew significantly by 47.7% yoy to Rs4,556.5 crore, up from Rs3,084.1 crore in Q3FY21 as revenue and operating income remained strong. Revenue from operations increased by 20% to Rs28,433.5 crore in Q3FY22, up from Rs23,686 crore in Q3FY21. The stock fell for the third session and declined over 4% in this period.

Natco Pharma: Profit for the December quarter 2021 grew by 28.2% to Rs80.4 crore, up from Rs62.7 crore in Q3FY21 as revenue surged 57.8% to Rs560.5 crore against Rs355.2 crore during the same period. In the last three weeks the scrip was up over 6%.

Nagarjuna Fertilizers: The losses in Q3FY22 widened to Rs169.5 crore against Rs86 crore loss reported in the year-ago period as higher power and fuel cost and raw material cost hit operating income. However, revenue grew by 34% to Rs574.7 crore from Rs429.6 crore during the same period. The stock fell 10% on Monday.

Graphite India: The profit during the quarter ended December 2021 quarter shot up sharply to Rs132 crore, up from Rs23 crore in the corresponding period last fiscal. Revenue grew by 76% to Rs880 crore from Rs499 crore in the same period, driven by both higher volumes and realisations. The stock in the last one month declined nearly 13%. In the last two sessions, the stock fell nearly 9%.