Nestle India: The FMCG major reported a 10.68 per cent increase in its net profit to Rs 538.58 crore for the second quarter ended June 30, driven largely by an increase in sales volume of key products. The company, which follows the January-December financial year, had posted a net profit of Rs 486.60 crore in the corresponding period last year.
Maruti Suzuki India: The country s largest carmaker MSI reported a consolidated net profit of Rs 475 crore for the first quarter ended June 30. The auto major had posted a consolidated net loss of Rs 268 crore in the April-June quarter of 2020-21.
HDFC: The country s largest mortgage lender HDFC said it has enhanced its existing limit to raise capital through medium-term notes to up to $2.8 billion (about Rs 20,875.65 crore).
Aavas Financiers rose 1.09% to Rs 2295.95 after the housing financier reported 46% jump in net profit to Rs 87.61 crore on 23.5% rise in revenue from operations to Rs 289.41 crore in Q4 FY21 over Q4 FY20.
Profit before tax in Q4 March 2021 stood at Rs 94.98 crore, up 43.1% from Rs 66.37 crore in Q4 March 2020.
Aavas Financiers recorded 16.21% increase in net profit to Rs 289.49 crore on 22.3% rise in revenue from operations to Rs 1103.17 crore in the year ended 31 March 2021 over the year ended 31 March 2021.
Asset Under Management (AUM) as on 31 March 2021 is Rs 9454.30 crore of which home loans contributed 73.5% while other mortgage loans contributed 26.5%. The company s AUM has increased 21% from Rs 7796.1 crore as on 31 March 2020.
While you continue to like the Kotaks and the
Berger Paints of the world, are you looking at expanding the number of stocks in your portfolio?
Two things are playing out. One, flows into Marcellus have been very strong over the last 12 months. As the money that we are managing is basically moving towards the billion dollar mark, we are adding a few more stocks because there is only so much you can buy in a name and many of the names that we own we are already accounting for a substantial part of the free float and that is a little uncomfortable.