Stocks in Focus on July 31: Shriram Transport Finance, Lakshmi Vilas Bank to Adani Power; here are expected newsmakers of the day
Stocks in Focus on July 31: Reliance Industries, Shriram Transport Finance, Adani Power, Torrent Pharmaceuticals, Lakshmi Vilas Bank, etc. are expected newsmakers throughout the intraday trade session.
Stocks in Focus on July 31: Key domestic barometers tumbled on Thursday, July 30, 2020, dragged by selling in private lenders. The barometer index, the S&P BSE Sensex dropped 335.06 points or 0.88% at 37,736.07. The Nifty 50 index lost 100.70 points or 0.90% at 11,102.15. The Nifty declined by about 1.8% in two sessions. But certain stocks came in news after the market was closed. These stocks can impact the indices when it reopens on Friday, July 31, 2020. List of such five stocks:
Triggers: There are certain events, like results today, Nifty Changes, Unlock 3.0, PVR, Balrampur Chini, SC BS-IV hearing, AGM, which can create positive/negative reactions in the markets. Find them in detail:
Results today: IOC, SBI, Sun Pharma, UPL, Tata Motors, Tata Chemicals, Just Dial, NELCO, Blue Dart Express, Mahindra Holidays, Jagran Prakashan, Godrej Agrovet, Deepak Fertilisers, Ucal Fuel Systems (Q4FY20), Munjal Showa, Teamlease Services, IOL Chemicals, Zydus Wellness, NIIT Ltd, JSW Energy, MMTC (Q4FY20), Prince Pipes, Ujjivan Small Finance Bank, BF Utilities (Q4FY20), Dalmia Bharat Sugar, Tata Metaliks, Dr Lal Path Labs, Liberty Shoes (Q4FY20), Motilal Oswal Fin, Reliance Comm (Q4FY20), Reliance Capital, Reliance Home Fin, RPG Lifesciences, Saregama, Steel Strips Wheels (Q4FY20), Thyrocare Tech, Va Tech Wabag (Q4FY20), Malu Paper, Prime Focus (Q4FY20), Capri Global Capital, Star Paper (Q4FY20), UCO Bank and Jayshree Tea (Q4FY20).
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Changes in Nifty 50 Index: Life insurance player HDFC Life will replace the outgoing Vedanta Ltd in the Nifty50 index from July 31, as the latter got shareholders' approval on June 25 for delisting.
Unlock 3.0: Unlock 2.0 will end today; Unlock 3.0 will start from August 1.
PVR Rights Issue: The Rs 300 crore rights issue of PVR will close today. The issue price of the rights was fixed at Rs 784 per equity share. The company will allot seven fully paid-up equity shares for every 94 equity share held as on the record date, which is July 10, 2020.
Balrampur Chini Buyback: The sugar firm’s buyback offer worth Rs 180 crore will come to an end today. The company has proposed to buyback 1 crore shares of the company from eligible shareholders. The buyback took place on a proportionate basis, through the 'tender offer' process at Rs 180 per equity share.
SC BS-IV hearing: The Supreme Court is scheduled to hear Federation of Automobiles Dealers Association’s (FADA’s) plea on BS-IV compliant vehicles today.
AGM: Annual General Meeting of Atul Ltd, Axis Bank Ltd, Bank of Baroda, Blue Dart Express Ltd, Capri Global Capital Ltd, Cyient Ltd, Godrej Agrovet Ltd, Orient Cement Ltd and Shriram City Union Finance Ltd is scheduled to be held today.
Results: These companies, namely RIL, Torrent Pharma, GMR Infra, Lakshmi Vilas Bank, Westlife Development, Aegis Logistics and Tata Communication, have reported their financial results after the market hours on Wednesday. Find in details:
Reliance Industries (RIL): Energy-to-telecom conglomerate Reliance Industries (RIL NSE 0.58 %) on Thursday reported a quarter-on-quarter (QoQ) consolidated profit of Rs 13,233 crore for the quarter ended on June 30, 2020. It posted a net profit of Rs 6,348 crore in the previous quarter that ended on March 31, 2020. Net Sales declined to Rs 88,253 crore in Q1FY21 when compared to Rs 1,36,492 crore posted in Q4FY20. EBITDA stood at Rs 16,975 crore in Q1FY21 against Rs 22,034 crore posted in Q4FY20. EBITDA Margin advanced to 19.1% in Q1FY21 from 16.1% posted in Q4FY20. Adjusted profit declined to Rs 8,267 crore from Rs 10,615 crore. GRMs fell to $6.3 per barrel from $8.9 per barrel in the last quarter. Besides, Telecom arm Reliance Jio Infocomm reported Rs 2,520 crore profit in the quarter against a profit of Rs 2,331 crore posted in the previous quarter. Net sales stood at Rs 16,557 crore against Rs 14,835 crore posted in the previous quarter. EBITDA grew to Rs 7,281 crore from Rs 6,175 crore posted in March quarter. The margin grew to 44% from 41.6% posted in the previous quarter. It reported an ARPU of Rs 140.3 for the quarter against Rs 130.6 in March quarter.
Torrent Pharmaceuticals: Drug firm Torrent Pharmaceuticals on Thursday reported a 48.6% year-on-year (YoY) rise in consolidated profit at Rs 321 crore for the quarter ended on June 30, 2020. It had posted a net profit of Rs 216 crore in the corresponding quarter last year. Consolidated revenue grew 1.7% to Rs 2,056 crore from Rs 2,022 crore posted last year. EBITDA grew 22.2% to Rs 661 crore against EBITDA of Rs 541 crore posted in the same period last year. The margin advanced to 32.1% in Q1FY21 from 26.8% posted in Q1FY20.
GMR Infrastructure: GMR Infrastructure’s consolidated loss for the quarter ended on March 31, 2020, narrowed to Rs 1,127 crore against a net loss of Rs 1,252 crore posted in the corresponding quarter last year. Revenue rose 17.9% to Rs 2,349 crore from Rs 1,993 crore. EBITDA stood at Rs 654 crore in Q4FY20, up 104.4 % from Rs 320 crore posted in Q4FY19. The margin grew to 27.8% in Q4FY20 from 16.1% posted in Q4FY19.
Lakshmi Vilas Bank (LVB): The Bank’s net loss narrowed to Rs 112.3 crore in the quarter ended on June 30, 2020. The bank had posted a net loss of Rs 237.3 crore in the corresponding quarter last year. Net Interest Income (NII) declined 26.5% to Rs 90.8 crore in the first quarter of the current fiscal year from Rs 123.5 crore posted in the same period of the previous financial year. The bank's provisions and contingencies for the quarter, however, came down 46.9% to Rs 112.4 crore from Rs 211.70 crore in Q1 FY20. Gross non-performing assets (NPAs) jumped to 25.40% of the gross advances as on June 30, 2020, from 25.39% posted in the previous quarter. Net non-performing assets (NPAs) decline to 9.64% in the quarter from 10.04% posted in March quarter. Besides, Lakshmi Vilas Bank and non-bank lender Clix Capital, who have been exploring a merger, have mutually decided to extend the deadline for completing the mutual due diligence till September 15. The previous deadline is expiring today.
Westlife Development: Westlife on Thursday reported a consolidated net loss of Rs 57.5 crore for the quarter ended on June 30, 2020. It had posted a net profit of Rs 6.5 crore in the corresponding quarter last year. Consolidated revenue declined 75.4% to Rs 93.9 crore from Rs 382 crore posted last year in the same quarter. Westlife Development owns Hardcastle Restaurants, the master franchisee of McDonald's for the west and south India.
Aegis Logistics: Aegis Logistics on Thursday reported a 47.7% year-on-year decline in consolidated profit at Rs 29.8 crore for the quarter ended on June 30, 2020. It had posted a net profit of Rs 57 crore in the same quarter last year. Consolidated revenue from operations declined 67.5% to Rs 636.4 crore in Q1FY21 from Rs 1,955.3 crore posted in Q1FY20. EBITDA stood at Rs 67.3 crore in Q1FY21, down 34.1% from Rs 102.1 crore posted last year. The margin doubled to 10.6% from 5.2% posted in Q1FY20.
Tata Communications: Tata Communications on Thursday reported a consolidated profit of Rs 257 crore for the quarter ended on June 30, 2020. It had posted a net loss of Rs 275 crore in the quarter ended on March 31, 2020. The consolidated revenue from operations rose 0.1% to Rs 4,403 crore in Q1FY21 from Rs 4,398 crore in Q4FY20. EBITDA stood at Rs 1,042 crore, up 19.9% from Rs 8,69 crore posted in Q4Fy20. The EBITDA margin grew to 23.7% from 19.8%.
Shriram Transport Finance Co Ltd (STFC): Commercial vehicles financier Shriram Transport Finance on Thursday successfully closed its Rs 1500-crore rights issue with a subscription of 1.61 times on the final day of the offering. The issue received cumulative bids for 4.22 crore shares against the total issue size of 2.61 crore shares. STFC had set a price of Rs 570 per share for the rights offering. The rights entitlement ratio is of three rights equity shares for every 26 equity shares held by eligible shareholders.
Dixon Tech/Havells: Stocks of Dixon Tech and Havells will remain in focus today as the government on Thursday imposed restrictions on the import of colour television sets. “Import policy of colour television sets is amended from ‘free’ to ‘restricted’,” the Directorate General of Foreign Trade (DGFT) said in a notification.
Adani Power: The Competition Commission of India (CCI) has approved Adani Power’s proposed acquisition of 49% stake in Odisha Power Generation Corporation Limited (OPGC). Adani Power in June announced acquiring US-based The AES Corporation's 49 per cent stake in OPGC for USD 135 million (around Rs 1,019 crore).
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