NEW DELHI: While the benchmark equity indices have gained just over 10 per cent returns in the first half of Calendar 2021, a host of 2021 debutants managed to deliver up to 330 per cent returns to investors during this period.
Data showed out of 22 listings so far in 2021, 16 managed to deliver double-digits returns to investors, while eight shot up in excess of 50 per cent.
Five stocks that stood out included Nureca, Easy Trip Planners, Barbeque Nation Hospitality, MTAR Technologies and Laxmi Organic Industries. Many of these companies reported strong earnings for the March quarter (on last year’s lower base).
Shares of Nureca soared 327 per cent since its debut on February 27. At Rs 1,708 on Friday, the scrip was up 4.3 times from issue price of Rs 400. Nureca is a wellness and healthcare company and owns the brand Dr Trust . The company reported 63.3 per cent YoY rise in net profit for March quarter at Rs 3.89 crore on a 0.3 per cent rise in sales at Rs 33.12 crore. Sales f
A range-bound trade ended flat on Tuesday as indecision weighed on investors minds. Tracking solid global cues, the domestic equity indices opened gap-up with the frontline S&P BSE Sensex and NSE s Nifty50 indices extending their gains to surge as high as 50,961 and 15,294 levels, respectively in the intra-day deals. However, profit-booking at higher levels and selling in financial counters put a lid on gains. That said, expectations that the government is preparing a stimulus package for sectors worst affected by the deadly coronavirus wave, aiming to support an economy struggling with a slew of localized lockdowns, supported indices. According to a Bloomberg report, the finance ministry is working on proposals to bolster the tourism, aviation and hospitality industries, along with small and medium-sized companies. The discussions are at an early stage and no timeline for an announcement has been decided.
Barbeque-Nation Hospitality climbed 7.29% to Rs 686.25 after the company s consolidated net profit stood at Rs 6.40 crore in Q4 FY21 compared with net loss of Rs 27.89 crore in Q4 FY20.
Net sales jumped 18.52% to Rs 226.34 crore in Q4 FY21 as against Rs 190.96 crore in Q4 FY20. Pre-tax profit stood at Rs 8.32 crore in Q4 FY21 as against a pre-tax loss of Rs 37.03 crore in Q4 FY20.
Reported EBITDA grew 128% to Rs 56.10 crore in Q4 FY21 as against Rs 24.60 crore over the same period last year. EBITDA margin improved to 24.8% in Q4 March 2021 from 12.9% in Q4 March 2020. Same Store Sales Growth (SSSG) stood at 19.9% in Q4 FY21 compared with negative SSSG of 16.7% in Q4 FY20. Restaurant operating margin rose 151% YoY to Rs 46.4 crore in Q4 FY21. The delivery revenue stood at Rs 28.5 crore, jumping 471% Y-o-Y.