Stocks in Focus on August 7: Banks, HPCL to Jubilant FoodWorks; here are expected newsmakers of the day
Stocks in Focus on August 7: HPCL, Jubilant FoodWorks, Pidilite Industries, Adani Enterprises, Torrent Power, etc. are expected newsmakers throughout the intraday trade session.
Stocks in Focus on August 7: Key benchmarks ended a volatile session with strong gains on Thursday, August 6, 2020. The barometer index, the S&P BSE Sensex spurted 362.12 points or 0.96% at 38,025.45. The Nifty 50 index jumped 98.50 points or 0.89% at 11,200.15. But certain stocks came in news after the market was closed. These stocks can impact the indices when it reopens on Friday, August 7, 2020. List of such five stocks:
Triggers: There are certain events, like Moratorium Hearing in SC, Results Today, FDC, InfoEdge, Sicagen, Ex-dividend and AGM, which can create positive/negative reactions in the markets. Find them in detail:
Moratorium Hearing in SC: Moratorium case for providing amnesty on interest payment is scheduled to be heard in the Supreme Court today. The apex court didn’t pronounce its decision during the last hearing held on June 17, 2020. According to banks, interest waiver will create difficulties.
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Results today: Cipla, M&M, MGL, Ramco Cements, Concor, REC, Amara Raja Batteries, Bata India, Siemens, Andhra Paper, ENIL, Johnson Hitachi, Ramco Industries, Rane Madras, Alkem Labs, Sicagen Industries, Kajaria Ceramics, Monte Carlo Fashions, Sobha, BEML, FDC, Balrampur Chini, Seshasayee Paper, Emami, Birla Corp, Automotive Axles, Alphageo, Sudarshan Chemical, Gabriel India, Amber Enterprises, Alembic Ltd, Mangalam Cement, Nath Bio-Genes, SCI, UFO Moviez, Adani Transmission, AB Capital, Nucleus Software, Finolex Industries, Abbott India and Scooters India.
FDC: Board of Directors of the Company is scheduled to meet today to consider and approve the Un-Audited Financial Results of the Company for the Quarter ended June 30, 2020. It will also consider the proposal for buyback of fully paid-up equity shares of the Company through the Tender Offer route.
Info Edge: The Board of Directors of the Company is scheduled to meet today to consider and approve the issue price, including a discount, if any, for the Equity Shares to be allotted to qualified institutional buyers, pursuant to the QIP. The leading internet company seeks to raise around Rs 1,875 crores and has fixed the floor price of QIP at Rs 3,177.18/share.
Sicagen India: The Board of Directors of the Company is scheduled to meet today to consider and decided the proposal of Voluntary Delisting.
Ex-Dividend today: Compuage Infocom, Navin Fluorine and Orient Refractories will turn ex-dividend today. The ex-dividend date for stocks is usually set one business day before the record date.
AGM: Annual General Meeting of companies, like Mahindra & Mahindra, Amara Raja Batteries, Bayer CropScience Ltd, Central Bank of India, Deepak Nitrite, ICICI Prudential Life Insurance, Indian Bank, Jyothy Labs, KEC International, Orient Electric, Sobha, UCO Bank, is scheduled to be held today.
Results: These companies, namely HPCL, Pidilite, Adani Enterprises, Lupin, Torrent Power, Vodafone Idea, JK Tyre and Bayercrop, have reported their financial results after the market hours on Thursday. Find in details:
Hindustan Petroleum Corporation (HPCL): State-owned oil retailer HPCL on Thursday reported a standalone profit of Rs 2,813.8 crore for the quarter ended on June 30, 2020, a sharp rise of 105x, from Rs 26.8 crore posted in March quarter. Adjusted profit after tax stood at Rs 2,813 crore compared to a adjust loss of Rs 2,551.6 crore posted in the previous quarter. Net sales dropped 43% to Rs 37,720.9 crore from Rs 66,154.9 crore posted in March quarter. Net Sales includes other operating income. EBITDA stood at Rs 4,353.6 crore in Q1FY21 from an EBITDA loss of Rs 706.6 crore posted in Q4FY20. The margin grew to 11.5% in Q1FY21 against the negative margin of 1.1% posted in Q4FY20.
Pidilite Industries: The adhesives manufacturing company, Pidilite on Thursday reported a 90.9% year-on-year decline in consolidated profit to Rs 26.8 crore for the quarter that ended on June 30, 2020. It had posted a net consolidated profit of Rs 292.9 crore in the corresponding quarter last year. Revenue from operations declined 56.5% to Rs 877.8 crore compared to Rs 2,016.6 crore posted last year. EBITDA stood at Rs 66.4 crore, down 85% from Rs 443.7 crore. The margin contracted to 7.6% in Q1FY21 from 22% posted in Q1FY20.
Adani Enterprises: Adani Enterprises, the flagship entity of Adani Group has reported a consolidated of Rs 65.7 crore for the quarter ended on June 30, 2020. It has posted a consolidated profit of Rs 570 crore in the same quarter last year. Its revenue from operations declined 50.1% to Rs 5,265.2 crore compared to Rs 10,561.4 crore posted last year. EBITDA stood at Rs 63.8 crore, down 91.7% from Rs 772.7 crore posted last year. The margin contracted to 1.2% in Q1FY21 from 7.3% posted in Q1FY20.
Lupin Limited: Pharma major Lupin Limited yesterday reported 64.8% year-on-year decline in consolidated net profit at Rs 106.7 crore for the quarter ended on June 30, 2020. It had posted a net profit of Rs 303 crore posted in the corresponding quarter last year. Its revenue from operations dropped 9% to Rs 3,527.9 crore from Rs 3,877.7 crore posted last year. EBITDA stood at Rs 488.1 crore, down 34.6% from Rs 746.9 crore posted last year. The margin contracted to 13.8% in Q1FY21 from 19.3% posted in Q1FY21.
Torrent Power: Torrent Power on Wednesday reported a 34.7% year-on-year jump in consolidated profit at Rs 373.7 crore for the quarter ended on June 30, 2020, compared with the net profit of Rs 276 crore posted in a year-ago period. Its consolidated revenue from operations dropped by 19.5% to Rs 3,007.1 crore from Rs 2,736.1 crore posted last year. EBITDA stood at Rs 969.4 crore, up 16.3% from Rs 833.7 crore. The margin increased to 32.2% in Q1FY21 from 22.3% posted in Q1FY20.
Vodafone Idea: Vodafone Idea on Thursday reported a consolidated loss quarter-on-quarter of Rs 25,460 crore for the quarter ended on June 30, 2020. It had posted a net loss of Rs 11,643.5 crore in the March quarter. Its revenue from operations declined 9.3% to Rs 10,659.3 crore from Rs 11,754.3 crore posted in the previous quarter. EBITDA stood at Rs 4,098 crore, down 6.4% from Rs 4,380.1 crore posted in the previous quarter. The margin increased to 38.4% in Q1FY21 from the margin of 37.3% posted in Q4FY20. The average revenue per user (ARPU) declined 5.8% to Rs 114 against Rs 121 in the preceding quarter ended March 31, 2020. The telecom posted an exceptional loss of Rs 19,923.20 crore in the quarter. Exceptional loss includes integration and merger-related cost, provisions, licence fees and SUC on AGR of Rs 19,440 crore and one-time spectrum charges including interest.
Bayer CropScience: Bayer CropScience on Thursday reported a 86% year-on-year increase in consolidated profit to Rs 251.7 crore for the quarter ended on June 30, 2020. It had posted a net profit of Rs 135.3 crore in the corresponding quarter last year. Consolidated revenue from operations increased 29.2% to Rs 1,227 crore from Rs 950 crore posted last year. EBITDA stood at Rs 325.3 crore, up 61.2% from Rs 201.8 crore. The margin increased to 26.5% in Q1FY21 from 21.2% posted in Q1FY20.
JK Tyre: JK Tyre on Thursday reported a consolidated net loss of Rs 199 crore for the quarter ended on June 30, 2020, compared to a net profit of Rs 17 crore posted in the same quarter last year. The revenue from operations dropped 56.1% to Rs 1,131 crore from Rs 2,575 crore posted last year. EBITDA loss was Rs 4 crore from the EBITDA profit of Rs 239 crore posted last year. There was a margin loss of 0.4% from a positive margin of 9.3% posted last year. There was an exceptional loss of Rs 33 crore.
Circuit Filter Revisions: Circuit limit of 645 companies have been revised at BSE. The circuit of Delta Corp has been raised from 5% to 20%. The circuit limits of Adani Green, Adani Transmission and BF Utilities have been raised from 5% to 10%, while the circuit of Arvind, Avenue Supermarts, EIH, IIFL Fin, Jubilant Industries and Spice Jet has been raised from 10% to 20%. Details
Price Band Revised From 10% To 20%: Aavas Financiers, Arvind, Asian Granito, Astron Paper & Board Mill, Atul Auto, Balaji Telefilms, Bharat Dynamics, Birla Corporation, Aditya Birla Money, Chalet Hotels, Dhanlaxmi Bank, Avenue Supermarts, Fineotex Chemical, Eros International Media, General Insurance Corporation, Himatsingka Seide, IIFL Finance, IOL Chemicals and Pharmaceuticals, IRB Infrastructure Developers, Jubilant Industries, ITI, Mahindra Logistics, Manali Petrochemicals, NACL Industries, Orient Cement, Panacea Biotec, Panama Petrochem, Parag Milk Foods, Prism Johnson, Shalimar Paints, Sanghi Industries, Shoppers Stop, SpiceJet, Suven Pharmaceuticals, Tata Steel Long Products, TCPL Packaging, TRF, Trident, TV18 Broadcast, Zee Learn.
Price Band Revised From 10% To 5%: Godawari Power and Ispat, Neogen Chemicals.
Price Band Revised From 5% To 10%: Adani Green Energy, Adani Transmission, Affle (India), Aries Agro, Dish TV India, Entertainment Network (India), Federal-Mogul Goetze, Globus Spirits, Graphite India, GVK Power & Infrastructure, Heritage Foods, Indiabulls Real Estate, IDBI Bank, IFB Agro Industries, Indian Overseas Bank, ITDC, Kakatiya Cement Sugar & Industries, Lakshmi Vilas Bank, Lemon Tree Hotels, Magma Fincorp, Mahindra CIE Automotive, MT Educare, Munjal Showa, Punjab & Sind Bank, Quess Corp, Religare Enterprises, Reliance Power, Satin Creditcare Network, Suven Life Sciences, Tube Investments of India, Titagarh Wagons, V2 Retail.
Price Band Revised From 5% To 20%: Anant Raj, AU Small Finance Bank, Credit Access Grameen, Delta Corp, Eveready Industries, Gujarat Fluorochemicals, Future Retail, GTPL Hathway, Hindustan Oil Exploration, HFCL, IG Petrochemicals, KPIT Technologies, Nath Bio-Genes, PNB Housing Finance, Prince Pipes And Fittings, Sadbhav Infrastructure Project, Sharda Cropchem, South Indian Bank, Spandana Sphoorty Financial, Surya Roshni, Sterling And Wilson Solar, Take Solutions, Thirumalai Chemicals, Varroc Engineering and VA Tech Wabag.
Jubilant FoodWorks: On Thursday announced entry into the FMCG (fast-moving consumer goods) category with a new brand ‘ChefBoss’ with a range of Ready-To-Cook sauces, gravies and pastes. The product range is priced between Rs 75 to Rs 100 per pack. The range will initially be exclusively available for consumers across e-commerce portals.
Healthcare Global Enterprises: Acesco Company Ltd will bring an open offer to buy 26% stakes in Healthcare Global at Rs 430 crore. Acesco will buy 3.26 crore shares of the company at Rs 130 per share. The Competition Commission has earlier in July gave its nod to Aceso Company Pte Ltd's acquisition of 58.92 per cent stake in HealthCare Global Enterprises Ltd.
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