Stocks in Focus on October 28: Tata Motors, Bharti Airtel, Hero MotoCorp, Castrol India to Delta Corp; here are the 5 Newsmakers of the Day
Equity benchmarks on Tuesday, October 27, 2020, rebounded around one per cent even as the global cues were negative. The key domestic indices climbed mainly due to gain in Banking, Power, Capital Goods and Finance sector stocks. The BSE 30-share index, Sensex surged 377 points or 0.94 per cent to settle at 40,522. The NSE Nifty-50 index also added 122 points or 1.03 per cent to settle at 11,889. But certain stocks came in news after the market was closed. These stocks can impact the indices when it reopens on Wednesday, October 28, 2020. List of such five stocks:
Triggers: Certain events, like Result and FM Meet, can create positive/negative reactions in the share market when it opens today. Find them in detail:
Nifty: L&T (post-market), Hero MotoCorp (post-market), Titan (variable), Axis Bank (post-market), Dr Reddy (1 pm-3 pm)
F&O: Marico (post-market), RBL Bank (variable), Piramal Ent (1 pm-3 pm), Cummins (variable)
FM Meet: A meeting between the finance minister and the financial secretaries is scheduled to be held today at 10:30 am. The participants are likely to have a discussion on the next relief package.
Post Market Results: Some companies, like Tata Motors and Bharti Airtel, posted their September quarter results after the markets were closed for trading purposes on Tuesday. These stocks are likely to be in action today when the market will open for trading purposes. Details:
Tata Motors: The country's largest commercial vehicle maker and owner of luxury car brand Jaguar Land Rover, Tata Motors on Tuesday reported a consolidated loss of Rs 314 crore for the quarter ended September 30, 2020. It had posted a loss of Rs 217 crore in the same quarter last year. Revenue from operations dropped 18.2% at Rs 53,530 crore in July to September quarter this year against Rs 65,432 crore posted last year. EBITDA fell 24.2% to Rs 6,098 crore against Rs 8,045 crore posted last year. The margin fell to 11.4% in Q2FY21 against 12.3% in Q2FY20.
Bharti Airtel: Telecom major Bharti Airtel on Tuesday reported a consolidated net loss of Rs 763 crore for the quarter ended September 30, 2020 (Q2FY21), against a loss of Rs 15,933 crore posted in the previous quarter (Q1FY21) of the same financial year. Revenue from operations grew 7.7% to Rs 25,785 crore against Rs 23,939 crore posted in the same period last year. EBITDA grew 11.9% to Rs 11,642 crore against Rs 10,408 crore posted last year. The margin grew to 45.2% in Q2FY21 against 43.5% in Q1FY20. The company said its mobile ARPU grew to Rs 162 against Rs 157 crore in Q1FY21.
Hero MotoCorp: Harley-Davidson and Hero MotoCorp on Tuesday announced an agreement between the two to ride together in India. As per the distribution agreement, Hero MotoCorp will sell and service Harley-Davidson motorcycles and sell Parts & Accessories and General Merchandise riding gear and apparel through a network of brand-exclusive Harley-Davidson dealers and Hero’s existing dealership network in India. As part of a Licensing agreement, Hero MotoCorp will develop and sell a range of premium motorcycles under the Harley-Davidson brand name.
Castrol India: The board of Castro India on Tuesday recommended an interim dividend of Rs 2.50 per share. The record date for the purpose of said interim dividend is November 6, 2020.
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Delta Corp: The company on Tuesday said that its Casino will resume operations from November 1, 2020, in accordance with applicable safety norms prescribed by the Government of Sikkim and Central Government.
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