Stocks in Focus on August 5: Tata Consumer, SPARC, Axis Bank to Info Edge; here are expected newsmakers of the day
Stocks in Focus on August 5: Tata Consumer, SPARC, Axis Bank, SAIL, Info Edge, etc. are expect4ed newsmakers throughout the intraday trade session.
Stocks in Focus on August 5: Snapping the four-day losing streak, the domestic stocks markets on Tuesday, August 4, 2020, jumped by around 2%. Firmness in other Asian indices boosted sentiment. The barometer index, the S&P BSE Sensex jumped 748.31 points or 2.03% at 37,687.91. The Nifty 50 index rallied 203.65 points or 1.94% at 11,095.25. But certain stocks came in news after the market was closed. These stocks can impact the indices when it reopens on Wednesday, August 5, 2020. List of such five stocks:
Triggers: There are certain events, like results today, PM Modi, RBI Policy, Unlock 3.0, Satin Credit, Ex-dividend and AGM, which can create positive/negative reactions in the markets. Find them in detail:
Results Today: Godrej Properties, Cadila Healthcare, Canara Bank, DLF, Apollo Tyres, JK Lakshmi Cement, Cera Sanitaryware, EID Parry, Intellect Design, Birlasoft, Kokuyo Camlin, Rane Brake Lining, Trent, Butterfly Gandhimathi, IFB Agro, Jyothy Labs, Tasty Bite Eatables, Adani Gas, Shakti Pumps, Greenpanel Industries, Ester Industries, PNB Gilts, PSP Projects, Asahi India Glass, Strides Pharma, Inox Leisure, VIP Industries, Triveni Turbine, Orient Abrasives, Visaka Industries, Panama Petrochem, Magadh Sugar, Dwarikesh Sugar, Hawkins Cookers.
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PM Modi: Prime Minister Narendra Modi will go to Ayodhya city of Uttar Pradesh tomorrow to take part in Bhumi Poojan Function for the construction of Ram Temple.
Satin Creditcare Network: Today is the record date to determine the shareholders' eligibility to apply for the equity shares of Rs 120 crore Rights Issue. The issue price has been fixed at Rs 60/share. The company is offering 48 Rights Equity Shares for every 125 existing fully paid shares held by Eligible Equity Shareholders as on the Record Date. While the initial payment along with the application is Rs 15 a share, the balance of Rs 45 have to be paid in one or more subsequent calls as may be decided by the board/committee.
Unlock 3.0: Yoga Institutes and Gyms to open under the Unlock 3.0. Maharashtra government has approved the opening of mall, market complex between 9-7, however, theatre, food court and restaurant to remain close. The state government has allowed the opening of the shops for 7 days in the week in Mumbai. Besides, it also allowed the counter sale of the liquor in the state from today, earlier, home delivery of liquor was allowed till date.
RBI Policy: Today is the second day for the three-day Monetary Policy Committee (MPC) meet that is being headed by Reserve Bank of India's (RBI) Governor Shaktikanta Das. The MPC will announce its policy stance decisions on August 6.
AGM: Annual General Meeting of companies, like Asian Paints Ltd, EID Parry (India) Ltd. Godrej Properties Ltd, Hawkins Cooker Ltd, PNB Housing Finance Ltd and V I P Industries Ltd, is scheduled to be held today.
Ex-Dividend today: Goodyear, Granules, Infratel, Larsen & Turbo, Shilchar Technologies and Voltas will turn ex-dividend today. The ex-dividend date for stocks is usually set one business day before the record date.
Results: These companies, namely Tata consumer, SPARC, PI Industries, Gujarat Gas, Geojit, PTC India Financial Services, TN Petro, Narayan Hrudayalaya and Unichem Labs, have reported their financial results after the market hours on Tuesday. Find in details:
Tata Consumer Products Ltd.: The Indian multinational non-alcoholic beverages company, Tata Consumer Product Ltd (TCPL) on Tuesday reported 88.5% year-on-year (YoY) rise in the consolidated profit at Rs 328 crore for the quarter ended on June 30, 2020. It had posted a net profit of Rs 174 crore in the corresponding quarter last year. Sales in the June quarter increased by 13% on a YoY basis to Rs 2,714 crore compared to Rs 2,392 crore posted a year-ago quarter. EBITDA stood at Rs 483 crore, up 37.6% from Rs 351 crore, while the margin advanced to 17.8% in Q1FY21 from 14.6% in Q1FY20.
SPARC: Sun Pharma Advanced Research Company Ltd (SPARC) on Tuesday reported a year-on-year profit of Rs 57 crore for the quarter ended on June 30, 2020. It posted a net loss of Rs 94 crore in the corresponding quarter last year. Sales were up 988% to Rs 185 crore from Rs 17 crore posted in the same quarter last year. EBITDA stood at Rs 61 crore in Q1FY21 against EBITDA loss of Rs 95.5 crore posted in the year-ago quarter. The margin advanced to 32.9% in Q1FY21 from a negative margin on 561.7% posted in Q1FY20.
PI Industries: The agri-sciences company, PI Industries has reported a 43% year-on-year rise in consolidated profit to Rs 146 crore for the quarter ended on June 30, 2020. It had posted a net profit of Rs 102 crore in the corresponding quarter last year. Sales grew by 40.5% to Rs 1,060 crore as compared to net sales of Rs 754 crore posted last year in the same quarter. EBITDA stood at Rs 229.6 crore, up 50% from Rs 153 crore posted last year. The margin of the company rose to 21.6% in Q1FY21 from 20.2% posted in Q1Fy20.
Gujarat Gas: The natural gas distribution company Gujarat Gas on Tuesday reported a 74.7% year-on-year decline in consolidated profit at Rs 59 crore in the quarter ended on June 30, 2020. It posted a net profit of Rs 234 crore posted last year in the same quarter. Sales dropped by 58.5% to Rs 1,107 crore from Rs 2,671 crore posted last year. EBITDA stood at Rs 185 crore, down 60% from Rs 467 crore posted last year, while the margin dropped to 16.7% in Q1FY21 from 17.4% posted in Q1FY20.
Geojit Financial Services: Geojit Financial on Tuesday reported a year-on-year standalone profit of Rs 22 crore for the quarter ended on June 30, 2020. It posted a net loss of Rs 3 crore in the same quarter last year. Total Income grew by 26% to Rs 86 crore compared to Rs 68 crore posted last year.
PTC India Financial Services Ltd.: PTC India on Tuesday reported a 68% year-on-year rise in the standalone profit of Rs 27 crore for the June quarter. It posted a consolidated profit of Rs 16 crore in the year-ago period. Total Revenue from operations dropped by 17% to Rs 292 crore from Rs 352 crore posted last year.
Tamil Nadu Petroproducts: The manufacture of commodity chemicals, Tamil Nadu Petroproducts on Tuesday reported 35% year-on-year decline in consolidated profit at Rs 13 crore for the quarter ended on June 30, 2020. It had posted a net profit of Rs 20 crore in the corresponding quarter last year. Consolidate revenue from operations declined 48% to Rs 226 crore in Q1FY21 from Rs 436 crore posted in Q1FY20.
Narayan Hrudayalaya Limited: The leading healthcare service provider in India, Narayan Hrudayalaya on Tuesday announced a year-on-year consolidated loss of Rs 120 crore for the quarter ended on June 30, 2020. It posted a consolidated profit of Rs 30 crore in the same quarter last year. Consolidated revenue from operations dropped by 49% to Rs 394 crore from Rs 777 crore posted last year in the same quarter.
Unichem Laboratories: The pharmaceutical company Unichem Laboratories on Tuesday reported a consolidated profit of Rs 2.43 crore in Q1FY21 as compared to a consolidated loss of Rs 6.18 crore posted in the year-ago quarter. Consolidated revenue from operations grew by 16.1% to Rs 317.26 crore from Rs 273.2 crore posted last year.
QIP Launch: Axis Bank + Infoedge
Axis Bank: Private lender Axis Bank has launched its qualified institutional placement (QIP) on Tuesday to raise to Rs 10,000 crore. It has fixed a floor price of Rs 442.19 per share. The bank’s board is scheduled to meet on August 10, 2020, to discuss and decided on the QIP issue.
Info Edge: The leading consumer internet company Info Edge on Tuesday launched a qualified institutional placement (QIP) to raise around Rs 1,875 crores. It has fixed a floor price of Rs 3,177.18 crore. The board is scheduled to meet on August 7, 2020, to discuss and decided on QIP issue.
M&M/BEL/ITI: Government has decided to permit exports of ventilators as India continues to maintain a progressively declining low rate of case fatality of COVID-19 patients, which currently stands at 2.15 per cent. Right now, there are more than 20 domestic manufacturers for ventilators. All types of ventilators were prohibited for exports vide DGFT notification with effect from March 24, 2020.
July Operational Updates: NMDC + SAIL
National Mineral Development Corporation (NMDC) (July operational update): The mining major NMDC, India's largest iron-ore producer and a diversified Navaratna PSU, recorded a sharp rise in overall production and sales in July 2020 as compared to the corresponding period in July 2019. During this period, NMDC saw the production of 2.19 MT and sales 2.57 MT that grew by 13% and 7% over the corresponding period last year, respectively. The Chhattisgarh Projects registered a production of 1.56 MT compared to the total production of 1.16 MT in the corresponding month of July last year, an increase of 35% in production. NMDC also achieved record sales in July 2020 by selling 1.90 million tonnes of Iron ore in July 2020 against 1.60 million tonnes in July 2019, which is 20% higher than the previous year.
SAIL: State-owned SAIL on Tuesday said its total sales grew by about 50 per cent on-year to 15.83 lakh tonnes (LT) during July 2020 as compared to the corresponding period in July 2019. The company domestic sales stood at 12.73 lakh tonnes and exports stood at 3.10 lakh tonnes.
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