Domestic equity markets on Thursday, July 29, 2021, posted modest gains snapping three sessions’ losing streak. Both equity indices appreciated around 0.40 per cent amid positive global cues. The BSE Sensex climbed 209 points, or 0.40 per cent, to trade at 52,653. The NSE Nifty also surged 69 points, or 0.44 per cent, to trade at 15,778. But certain stocks came in the news after the market was closed. These stocks can impact the indices when it reopens on Friday, July 30, 2021. List of such five stocks:

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Tech Mahindra + Indus Tower 

Tech Mahindra: The information technology company has reported a 25.1% QoQ rise in the consolidated profit at Rs 1,353 crore for the quarter ended June 30, 2021. It had posted a profit of Rs 1,081 crore in the previous quarter ended March 31, 2021. Revenue grew 4.8% to Rs 10,198 crore as against Rs 9,730 crore posted in the previous quarter. The dollar revenue for the quarter grew 4% to $138 crore as against Rs 133 crore posted in March quarter. EBIT stood at Rs 1,545 crore, down 0.5% from Rs 1,553 crore posted in previous quarter. Margins declined to 15.2% in Q1FY22 as against 16% posted in Q4FY21.

- Highest ever quarterly Revenue and PAT 

- Constant currency growth of 3.9% (QoQ) vs est of 2.4% 

- Won deals worth $815 Mn vs $1,043 Mn (QoQ) 

Indus Tower: Telecom infrastructure firm Indus Tower has reported a 3.7% QoQ rise in the consolidated profit at Rs 1,415 crore for the quarter ended June 30, 2021. It had posted a profit of Rs 1,364 crore posted in the previous quarter ended March 31, 2021. Consolidated revenue from operations grew 4.7% QoQ to Rs 6,797 crore as against Rs 6,492 crore posted in the previous quarter. EBITDA during the quarter under review grew 3.4% to Rs 3,529 crore as against Rs 3,413 crore posted in the previous quarter. The margin dropped a bit to 51.9% in Q1FY22 as against 52.6% posted in Q4FY21. 

- Total Tower addition 1772 v/s estimate of 2000  

- Energy Reimbursement Up 10% to 2585.7 crore v/s 2350.7 crore QoQ 

 

TVS Motor + CONCOR + Deepak Nitrite 

TVS Motor: The leading two and three-wheeler manufacturer has reported a standalone profit of Rs 53.1 crore for the quarter ended June 30, 2021, as against a loss of Rs 139 crore posted in the corresponding quarter last year. On a quarter-on-quarter basis, the profit fell 81.6% from Rs 289 crore posted in the quarter ended March 31, 2021. Revenue from operations grew 2.7x on a standalone basis to Rs 3,934.4 crore as against Rs 1,432 crore posted last year. Sequentially, the figure declined 26.1% from Rs 5,322 crore posted in the previous quarter. EBITDA for during the quarter under review stood at Rs 273.8 crore as against an EBITDA loss of Rs 49 crore posted in the June 2020 quarter and Rs 536 crore in the March 2021 quarter. The company posted a margin of 7% in Q1FY22. The margin stood at 10.1% in the March 2021 quarter. The company has posted the highest ever quarterly revenue in international business.

CONCOR: State-owned Container Corporation of India (CONCOR) has reported a 4.1x YoY rise in the profit at Rs 254.9 crore for the quarter ended June 31, 2021, as against Rs 62 crore posted in the corresponding quarter last year. On a quarter-on-quarter basis, the profit rose 15.7x from Rs 16.2 crore posted in the quarter ended March 31, 2021. Revenue from operations grew 52% YoY at Rs 1,807.5 crore. The company had posted a revenue of Rs 1,189 crore in the same period a year ago. Sequentially, the figure dropped 6.8% from Rs 1,939.3 crore. EBITDA during the quarter under review grew 2.7x at Rs 433.5 crore against Rs 159 crore posted last year. Sequentially, EBITDA grew 2.3x from Rs 189 crore. The margin grew to 24% in Q1FY22 as against 13% posted in Q1FY21 and 9.7% in Q4FY21.   
 

Deepak Nitrite: The Gujarat-based chemical intermediates company has reported a 3x YoY rise in the consolidated profit at Rs 302.6 crore for the quarter ended June 30, 2021, as against Rs 99 crore posted in the corresponding quarter last year. On a quarter-on-quarter basis, the profit rose 4.4% from Rs 290 crore posted in the quarter ended March 31, 2021. Consolidated revenue from operations grew 2.26x YoY to Rs 1,526.2 crore. The company had posted a revenue of Rs 675 crore in the same period last year. Sequentially, the revenue grew 4.3% from Rs 1,463 crore posted in the preceding quarter. EBITDA during the quarter under review grew 2.5x YoY to Rs 451.5 crore as against Rs 182 crore posted last year. EBITDA dropped 0.8% QoQ from Rs 455 crore. The margins stood at 29.6% in Q1FY22 versus 26.9% in Q1FY21 and 31% in Q4FY21. 

JK Lakshmi Cement + Oberoi Realty + Welspun Enterprises + Jindal Stainless 

JK Lakshmi Cement: The building material company has reported a 2.7x YoY rise in the consolidated profit at Rs 131.4 crore for the quarter ended June 31, 2021. It had posted a profit of Rs 49 crore in the corresponding quarter last year. Revenue from operations grew 45.4% YoY to Rs 1,325.6 crore as against Rs 911.5 crore posted in the same period last year. EBITDA grew 49.5% to Rs 258.1 crore as against Rs 172.6 crore posted last year. The margins improved to 19.5% in Q1FY22 from 18.9% posted in Q1FY21.
Oberoi Realty: The real estate company has reported a 2.9x rise in the consolidated profit at Rs 80.6 crore for the quarter ended June 30, 2021. It had posted a profit of Rs 28 crore in the corresponding quarter last year. Revenue from operations on a consolidated basis grew 2.4x YoY to Rs 284.2 crore from Rs 118 crore posted last year. EBITDA during the quarter under review grew 2.1x at Rs 124.9 crore as against Rs 58 crore posted last year. Margins contracted to 43.9% in Q1FY22 from 49% posted in Q1FY21. 
 

Jindal Stainless: The stainless producer has reported a profit of Rs 306 crore on a consolidated basis for the quarter ended June 30, 2021, as against a consolidated loss of Rs 124 crore posted in the corresponding quarter last year. Sales on a consolidated basis rose 193% YoY to Rs 4,033 crore as against Rs 1,376 crore posted last year. EBITDA grew 839% YoY to Rs 601 crore as against Rs 64 crore posted last year. The margin improved to 14.9% in Q1FY22 from 4.6% posted in Q1FY21.
Welspun Enterprises: The construction engineering company has reported a 25% YoY rise in the consolidated profit at Rs 25 crore for the quarter ended June 30, 2021, as against a profit of Rs 20 crore posted in the corresponding quarter last year. Sales on the consolidated basis grew 95.7% to Rs 372 crore as against Rs 190 crore posted last year. EBITDA during the quarter under review came in at Rs 33 crore, up 65% from Rs 22 crore posted last year. The margin dropped to 8.8% in Q1FY22 from 10.5% posted in Q1FY21. 

PVR/INOX Leisure: The cinemas will reopen in selected cities across the country today, i.e., July 30, 2021. 526 screens across 111 properties of PVR will reopen today. Inox will reopen its theatre across 10 states. 12 states and 2 union territories have allowed cinema halls to open at reduced capacity. Besides, the cinemas can reopen with 50% capacity in West Bengal, but CORONA rules must be followed. 

Bulk Deals

Tatva Chintan Pharma Chem: Plutus Wealth Management LLP bought 6.50 lakh shares at Rs 2171.74/ Share. 
Indiabulls Housing Finance: Societe Generale bought 33.9 lakh shares at Rs 278.44. 
Ujjivan Financial Services:  Aberdeen Asian Smaller Companies Investment Trust sold 10,25,000 shares at Rs 240.01/ Share 
Garware Hi-Tech Films: Ashish R Kacholia increased stake in the company. Bought additional 1,41,871 equity shares at Rs 1005/share.