Stocks to track in trade for May 16, 2022: Ambuja, ACC, Paytm, IGL, Maruti Suzuki, RailTel, Gail

Adani Group to acquire Holcim’s India business; RailTel wins 2 new order worth Rs 247.4 crore
Stocks to track in trade for May 16, 2022: Ambuja, ACC, Paytm, IGL, Maruti Suzuki, RailTel, Gail

Stocks to track in trade for May 16, 2022: Ambuja, ACC, Paytm, IGL, Maruti Suzuki, RailTel, Gail

Ambuja and ACC
Adani Group to acquire Holcim’s India business
Adani Group to buy 63.11% stake in Ambuja Cement at `385/sh
Adani Group to buy 4.48% stake in ACC at `2,300/sh
Alert: Ambuja Cement stake valued at 7% premium to CMP
Alert: ACC stake valued at 9% premium to CMP
Adani Group will have to make an open offer for the public shareholders of Ambuja and ACC
Alert: Adani Group’s open offer will be to acquire 26% of the public shareholding
Adani Group to shell out close to `50,200 cr to buy stake from co
Paytm April Operating Update
Lending business saw a total disbursal of 2.6 million loans during the month (y-o-y growth of 449%)
Offline payments business accelerates as total number of devices deployed jumps to to 3.2 million with 0.3 million devices deployed in April 2022
User engagement on Paytm Super App shows continued growth, with monthly transacting users (MTU) at 73.5 million in April 2022, up 44% y-o-y
102% Y-o-Y increase in merchant payment volumes (GMV)
IGL
CNG price hiked by Rs 2 per kg in Delhi-NCR.
With the latest hike, CNG is now priced at Rs 73.61 per kg in Delhi, Rs 76.17 per kg in Noida.
Maruti Suzuki
-Maruti Suzuki finalises land site for new manufacturing plant in Haryana
-The first plant with a manufacturing capacity of 250,000 vehicles per annum is expected to be commissioned within the year 2025 subject to administrative approvals
-In the first phase, the investment would be over INR 11,000 crores
GAIL
-The date of opening of the Buy-back Offer is Wednesday, May 25, 2022 and the date of closing of the Buy-back Offer is Tuesday, June 07, 2022
Buyback at a price of Rs. 190 per Equity Share-Total buyback size 1082.7 cr
RailTel
Wins 2 new order worth Rs 247.4 cr.
Affle India Q4FY22 Review QoQ
Sales down 7% at `315cr vs `339cr
EBITDA down 13% at `58.7cr vs `67.7cr
Margins @ 18.6% vs 19.9%
PAT up 10% at `68.5cr vs `62cr
Normalised PAT down 12% to Rs 53 cr vs Rs 60 cr
User increased to 58.5 million vs 56.6 million
Aviation stocks in focus
Fuel Prices Rise
ATF Prices From May 16
ATF prices hiked by 5% to Rs 1,23,040/Kl vs Rs 1,16,852/Kl
10th consecutive hike in prices; new rates are applicable till May 31, 2022
End of Article