Stocks in Focus on September 4: Vodafone Idea, Brokerage Stocks to Liquor Stocks; here are the 5 Newsmakers of the Day
Triggers: Certain events, like Results Today, Vodafone, ITC, South Indian Bank, ADF Foods, Ex-dividend and AGM, can create positive/negative reactions in the share market when it opens today.
Dragged by private sector banks, the benchmark indices ended the lacklustre trading session with small losses on Thursday, September 3, 2020. The S&P BSE Sensex, fell 95.09 points or 0.24% at 38,990.94. The Nifty 50 index slipped 7.55 points or 0.07% at 11,527.45. But certain stocks came in news after the market was closed. These stocks can impact the indices when it reopens on Friday, September 4, 2020.
List of such five stocks:
Triggers: Certain events, like Results Today, Vodafone, ITC, South Indian Bank, ADF Foods, Ex-dividend and AGM, can create positive/negative reactions in the share market when it opens today. Find them in detail:
F&O: NALCO (post-market)
Cash: Jubilant Lifesciences, Seamec, NLC India, Simbhaoli Sugar, Repco Home Finance, Future Retail (Q4FY20), Goodyear India
Vodafone Idea: Board of Directors of the Company is scheduled to meet today 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 a qualified institutions placement. Besides, Vodafone Idea Limited in its clarification on the news item 'Verizon, Amazon may invest over $400 crore ($4 billion) in Vodafone Idea’ and said currently, there is no proposal as reported by the media that is being considered at the Board.
ITC Ltd.: The board of directors of the company will meet today to consider a proposal for amalgamation of Sunrise Foods Private Limited, Hobbits International Foods Private Limited and Sunrise Sheetgrah Private Limited, wholly-owned subsidiaries, with the Company.
South Indian Bank: The board of directors of the company will meet today to consider and approve the proposals of raining funds by way of issuance of equity shares through preferential issue and/ or Qualified Institutions Placement (QIP) among others.
ADF Foods: Board of the company will meet today to consider and approve issuance and allotment of convertible warrants on preferential basis to promoters/non-promoters.
AGM Today: Annual General Meeting of CEAT Ltd, Cera Sanitaryware Ltd, Chambal Fertilisers & Chemicals Ltd, GE Power India Ltd, Hindalco Industries Ltd, Petronet LNG Ltd, Pidilite Industries Ltd, Sumitomo Chemical India Ltd, T.V. Today Network Ltd is scheduled to be held today.
Ex-Dividend today: Certain stocks will turn ex-dividend today. The ex-dividend date for stocks is usually set one business day before the record date. Details
Mangalore Chemicals & Fertilizers Ltd Dividend - Rs. - 0.5000
Shalby Ltd Final Dividend - Rs. - 0.5000
Zuari Global Ltd Dividend - Rs. - 1.0000
Post Market Results: These companies, like Zuari Global, Panacea Biotec, MSTC, Essar Shipping, Jubilant Industries, have reported their financial results after the market hours on Thursday. Find in details:
Zuari Agro Chemicals: The chemicals company Zuari Agro on Thursday reported a 23.2% year-on-year decline in the consolidated loss at Rs 94.5 crore for the quarter ended June 30, 2020. It had posted a net loss of Rs 123.1 crore in the corresponding quarter last fiscal. Sales dropped 46.5% to Rs 1,002.3 crore as against Rs 1,873.7 crore posted last year. EBITDA stood at Rs 15.5 crore, down 61.9% from Rs 40.7 crore posted last year. The margin contracted to 1.5% in Q1FY21 from 2.1% posted in Q1FY20.
Panacea Biotec Ltd: The pharmaceutical company Panacea Biotec has reported a 24.9% year-on-year increase in the consolidated loss at Rs 33.1 crore for the quarter ended June 30, 2020. Its net loss stood at Rs 26.5 crore in the corresponding quarter last year. Sales grew 5% to Rs 132.7 crore from Rs 125.7 crore reported last year in the same period. EBITDA stood at Rs 22.5 crore, down 3.4% from Rs 23.3 crore posted last year. The margin fell to 16.9% in Q1FY21 against 18.5% posted in Q1FY20.
MSTC Ltd: The state-owned E-commerce company MSTC Ltd on Thursday reported a year-on-year consolidated loss of Rs 2.8 crore for the quarter ended June 30, 2020. It had posted a net profit of Rs 4.7 crore in the corresponding quarter last year. Consolidated sales dropped 47.5% to Rs 101.8 crore as against Rs 193.9 crore posted last year.
Essar Shipping Ltd: The logistics company Essar Shipping has reported a consolidated loss at Rs 103.2 crore for the quarter ended June 30, 2020. It had posted a net loss of Rs 25.7 crore in the corresponding quarter last year. Sales dropped 57.3% to Rs 149.4 crore in Q1FY21 as against Rs 350.2 crore posted last year. EBITDA stood at Rs 55.7 crore, down 47.3% from Rs 105.7 crore posted last year. The margin increased to 37.3% in Q1FY21 from 30.2% posted in Q1FY20.
Jubilant Industries: Reported a consolidated loss of Rs 3.1 crore for the quarter ended June 30, 2020. It had posted a net profit of Rs 9.5 crore in the corresponding quarter last year. Sales dropped 38% to Rs 94.6 crore as against Rs 152.6 crore posted last year. EBITDA stood at Rs 4.6 crore in the quarter, down 74.2% from Rs 17.8 crore posted last year. The margin fell to 4.9% in Q1FY21 from 11.7% posted in Q1FY20.
ICICI Securities/Geojit/Motilal/JM Financial/CDSL/BSE: NSE in a circular issued yesterday said it has been decided to not levy a penalty for client margin short/non-collection and reporting in Cash and Derivatives segments. This provision shall be applicable for a period of 15 days, i.e. from September 1, 2020, to September 15, 2020, to facilitate a smooth transition for members to the new system. The decision is based on the feedback received from the members that there has been system congestion due to a large number of client securities being pledged in TMs/ CMs/ CCs systems.
KEC International: A global infrastructure EPC major, an RPG Group Company, KEC International has secured new orders of Rs 1,401 crore across its various businesses.
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Liquor Stocks (United Spirits/ United breweries/ Radico Khaitan): Delhi government has approved the re-opening of bars, restaurants and pubs from September 9, 2020, on a trial basis. The notification stated, "Bars shall be permitted outside containment zones in Delhi from September 9, 2020, to September 30, 2020, on a trial basis subject to strict compliance to COVID-19 SOPs." Delhi Lieutenant General Anil Baijal approved the order.
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