Stocks in Focus on September 2: ONGC, MAX Healthcare, NMDC, Coal India to Auto stocks; here are the 5 Newsmakers of the Day
Benchmark indices ended with modest gains on Tuesday, September 1, 2020, rebounding from previous session's selloff. The barometer index, the S&P BSE Sensex, gained 272.51 points or 0.71% to settle at 38,900.80. The Nifty 50 index rose 82.75 points or 0.73% at 11,470.25.
Benchmark indices ended with modest gains on Tuesday, September 1, 2020, rebounding from previous session's selloff. The barometer index, the S&P BSE Sensex, gained 272.51 points or 0.71% to settle at 38,900.80. The Nifty 50 index rose 82.75 points or 0.73% at 11,470.25. It slumped 2.23% yesterday after rising 3% in the previous six sessions. But certain stocks came in news after the market was closed. These stocks can impact the indices when it reopens on Wednesday, September 2, 2020. List of such five stocks:
Triggers: Certain events, like Results Today, Loan moratorium case hearing, Cabinet Meet, IPCA Labs, Ex-dividend and AGM, that can create positive/negative reactions in the share market when it opens today. Find them in detail:
Nifty: Coal India (post-market)
F&O: Jubilant Foodworks (1 pm-3 pm)
Cash: Dish TV, Sadbhav Engineering, Infibeam Avenues, Arvind Fashions, Navkar Corp
Loan Moratorium Case: Scheduled to be heard at the Supreme Court today.
Cabinet Meet: Scheduled to be held at 10.30 am via video conferencing.
IPCA Labs Board Meet: Board of Directors of the Company is scheduled to meet today to consider and approve the conversion of 5 lakh warrants of the promoters into equity.
AGM Today: Annual General Meeting of companies, like Ashok Leyland Ltd, KPIT Technologies Ltd, Nava Bharat Ventures Ltd and Ujjivan Small Finance Bank Ltd, is scheduled to be held today.
Ex-Dividend today: Acrysil Ltd. (Final Dividend – Rs 1.20), GE Power India (Dividend - Rs 2.00), Ruby Filaments (Dividend - Rs 1.20), Sumitomo Chemicals (Final Dividend – Rs 0.55), Tamil Nadu Petroproducts (Final Dividend – Rs 1.50) and TV TODAY Dividend – Rs 2.25) will turn ex-dividend today. The ex-dividend date for stocks is usually set one business day before the record date.
Post Market Results: These companies, like ONGC, FIEM Industries and Max Healthcare, have reported their financial results after the market hours on Tuesday. Find in details:
Oil & Natural Gas Corporation (ONGC): The State-run ONGC on Tuesday reported a standalone profit on the quarter-on-quarter basis of Rs 496 crore for the quarter ended June 30, 2020 (Q1FY21. The company had posted a loss of Rs 3,098 crore for the quarter ended March 31, 2020 (Q4FY20). Revenue from operations dropped 39.4% to Rs 13,011 crore in April-June quarter of FY21 compared to Rs 21,456 crore posted in January to March quarter of FY20. EBITDA stood at Rs 5,907.7 crore compared to Rs 8,587.9 crore posted in the previous quarter. The margin advanced to 45.4% in Q1FY21 from 40% posted in Q4FY20. Adjusted PAT
FIEM Industries: Reported a consolidated loss of Rs 24 crore for the quarter ended June 30, 2020, against a profit of Rs 14 crore posted in the quarter ended June 30, 2019. Sales dropped 81% to Rs 67 crore in Q1FY21 from Rs 360 crore posted in Q1FY20. The company has posted a negative EBITDA of Rs 15.3 crore in the quarter against Rs 39.4 crore posted in the corresponding quarter last year. The margin moved to the negative zone at 22.8% in Q1FY21 against a positive margin of 10.9% posted in Q1FY20.
Max Healthcare: Max Healthcare on Tuesday reported a net loss of Rs 355 crore for the quarter ended June 30, 2020. It had posted a net profit of Rs 9 crore in the corresponding period last fiscal. Revenue dropped 42% to Rs 610 crore compared to Rs 1,059 crore posted last year. It had posted a negative EBITDA of Rs 22 crore against a positive EBITDA of Rs 117 crore. Occupancy level contracted to 45% in
Q1FY21 compared to 72% in Q1FY20. Average revenue per operating bed (AVPOB) dropped 5% to Rs 47,200 from Rs 49,700.
Auto sales numbers: Hero Moto, TVS Motor, Atul Auto and VST Tillers have reported their sales numbers for August 2020.
Hero MotoCorp: India’s largest two-wheeler maker Hero MotoCorp on Tuesday reported a 7.55% year-on-year rise in automotive sales to 5.84 lakh units in August 2020 compared to 5.43 lakh units during August 2019. In the same period, total domestic sales went up to 5.68 lakh units from 5.24 lakh units. The motorcycle sales increased to 5.44 lakh units in the month compared to 4.98 lakh units sold last year.
TVS Motor: TVS Motor on Tuesday reported a decline in total sales to 2,87,398 units in August 2020 compared to 2,90,455 units sold in August 2019.
Atul Auto: The three-wheeler manufacturer Atul Auto on Tuesday reported a 64% year-on-year decline in sales to 1,311 units in August 2020 compared to 3,681 units posted last year in the same month. Total sales between April and August declined 76.9% to 4029 units from 17467 units in the corresponding period last year.
VST Tillers: VST Tillers Tractors Ltd on Tuesday announced the sales figures for August 2020. It reported an 83.6% year-on-year rise in sales of power tillers at 2,638 units in August 2020 compared to 1,437 units sold in August 2019. Tractors sale increased 10.3% to 897 units in August 2020 compared to 813 units sold in August 2019.
Vodafone Idea Ltd: Board of Directors of the Company is scheduled to meet on September 4, 2020, to consider and evaluate the proposals for raising of funds in one or more tranches by way of a public issue, preferential allotment, private placement, including qualified institutions placements (QIP).
Production Updates: NMDC + Coal India
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National Mineral Development Corporation (NMDC): The iron ore company NMDC has announced production and sales figures of iron ore. Total production stood at 1.62 million tonnes (MT) in August 2020 compared to 1.41 MT in August 2019. Total sales stood at 1.79 MT in August 2020 compared to 1.49 MT in August 2019.
Coal India: Coal India on Tuesday said it has registered a 7.1 per cent growth in coal output at 37.17 million tonnes in August compared to the year-ago period. Coal Minister Prahlad Joshi said that the company will invest over Rs 1.22 lakh crore by 2023-24 on projects related to coal evacuation, infra, exploration and clean coal technologies.
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