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Stocks To Watch: Airtel, Tata Consumer, SBI, Adani Enterprises, Godrej Properties, Titan, HPCL

Here are the stocks to watch in trade today...

The CNX Nifty logo is displayed on a glass facade at the NSE in Mumbai. (Photographer: Dhiraj Singh/Bloomberg)
The CNX Nifty logo is displayed on a glass facade at the NSE in Mumbai. (Photographer: Dhiraj Singh/Bloomberg)

India's key stock benchmarks closed at all-time high on Tuesday on hopes of economic revival after a slew of positive data. The S&P BSE Sensex gained 1.65% to 53,823.36. The index reclaimed the 53,000-mark after 5 sessions. The NSE Nifty 50 Index rose 1.55% to 16,130.75. This was the first time the 50-share index had crossed 16,000-mark.

Bharti Airtel, Tata Consumer Products, Adani Enterprises and Kalpataru Power Transmission may react as the companies reported quarterly results after the market closed Tuesday.

State Bank of India, Titan Company, Hindustan Petroleum Corporation Ltd, Adani Green Energy, Adani Total Gas, Godrej Consumer Products, Tata Communications, PNB Housing Finance are among the companies scheduled to report earnings Wednesday.

Here are the stocks to watch in trade today:

  • Godrej Properties: Is seeing strong revival in housing sales after the second wave of the pandemic impacted first-quarter results, Executive Chairman Pirojshah Godrej said. Revival in sales post first quarter and large number of planned project launches will help the company to record higher sales growth in the current financial year, compared to last year, Godrej said. The company is also seeking to invest in large land deals in the near future after raising capital earlier this year. It plans to use a significant amount of this capital for expanding its presence in Mumbai.

  • Tata Steel: Global rating agency S&P has upgraded the company’s long-term rating to BB from BB-; outlook remains stable. S&P expects Tata Steel’s debt levels to decline materially over the next two years on the company’s commitment to deleverage, supported by strong operating cash flows. It expects Tata Steel’s adjusted debt to decline by more than 30% by March 2023 from its March 2021 level.

  • GR Infraprojects: Received Letter of Acceptance from Bangalore Metro Rail Corporation for construction of 5 metro stations, elevated structures, road widening and allied works. The contract price is Rs 365 crore. The project is expected to be completed in 21 months from signing of contract agreement.

  • Natco Pharma: Transferred the Lenalidomide Capsules ANDA to Arrow International Limited as per an earlier agreement between the parties. Arrow International is the marketing partner of Natco for this product in the U.S. market. The ANDA was approved by U.S. FDA in May 2021.

  • Tata Consultancy Services: Rich Products has selected the company for intelligent supply chain modernisation to improve operations and agility. TCS will help the global food company harness cloud-based AI and ML platform to enhance integrated planning and agility in meeting changing customer demands.

  • Linde India: Signed a Business Transfer Agreement with HPS Gases Ltd., Vadodara to acquire its entire packaged gases business along with certain distribution assets with effect from November 1, for an aggregate cash consideration of Rs 27.5 crore.

  • Balaji Amines: To set up a new plant to manufacture Acetonitrile. The plant will cost company approximately Rs 80 crore and will be set up in 12 to 18 months. This will also increase the company’s capacity by 16,500 TPA from 9,000 TPA.

  • Dr. Reddy's Laboratories: Re-launched Naproxen Sodium Tablets USP, 220 mg, the store-brand equivalent of Aleve, in the U.S. market, as approved by the U.S. Food and Drug Administration. Naproxen Sodium Tablets is an over-the-counter nonsteroidal anti-inflammatory drug used as a pain reliever and fever reducer.

  • Canara Bank: To raise up to Rs 2,500 crore through QIP/Rights Issue/any other approved means during the financial year 2021-22. The bank will also appropriate accumulated losses of Rs 18,495.30 crore from Share Premium Account.

  • Oswal Leasing: To consider right issue on August 12.

  • Birla Corporation: The Board of Directors of RCCPL, a wholly owned subsidiary, has approved revision in the capital expenditure from Rs 2,450 crore to Rs 2,744 crore for setting up of a 3.90 million tons Greenfield Integrated Cement Plant at Mukutban (Maharashtra) with 40 MW Captive Power Plant and 10.60 MW Waste Heat Recovery System, on account of the revision in project commencement schedule and other factors including increase in commodity prices. The board has also approved restructuring of the scope of second phase expansion of existing capacity of grinding cement plant at Kundanganj (Uttar Pradesh). Expansion in capacity as per the revised scope stands at 0.7 million tons. The project cost stands reduced to Rs 154 crore.

  • Earnings: SBI, Titan Company, HPCL, Adani Green Energy, Adani Total Gas, Godrej Consumer Products, Tata Communications, PNB Housing Finance, Blue Star, Apollo Tyres, Cholamandalam Financial Holdings, Borosil Renewables, Bosch, Sonata Software, Butterfly Gandhimathi Appliances, Chambal Fertilisers & Chemicals, Solara Active Pharma Sciences, Gabriel India, Greenply Industries, HG Infra Engineering, Sumitomo Chemical India, HT Media, Nava Bharat Ventures, Mayur Uniquoters, Bharat Bijlee, Oriental Carbon & Chemicals, PDS Multinational Fashions, Cosmo Film, Srikalahasthi Pipes, Subros, Tasty Bite Eatables, Tata Steel Bsl, The Investment Trust of India, Thomas Cook (India), Vardhman Special Steels

Earnings Post Market Hours

Bharti Airtel Q1FY22 (Consolidated, QoQ)

  • Revenues up 4.3% at Rs 26,853.6 crore Vs Rs 25,747.3 crore (Bloomberg estimate: Rs 26,247 crore)

  • Net profit down 62.7% at Rs 283.5 crore Vs Rs 759.2 crore (Bloomberg estimate: Rs 604.3 crore)

  • Ebitda up 4.8% at Rs 13,189 crore Vs Rs 12,583 crore (Bloomberg estimate: Rs 12,676 crore)

  • Margins at 49.1% Vs 48.9% (Bloomberg estimate: 48.3%)

  • Appointed Nisaba Godrej as an Additional Director of the company

Tata Consumer Products Q1FY22 (Consolidated, QoQ)

  • Revenue down 0.9% at Rs 3,008.46 crore Vs Rs 3,037.22 crore (Bloomberg estimate: Rs 3,093.4 crore)

  • Net profit up 243.5% at Rs 185.15 crore Vs Rs 53.90 crore (Bloomberg estimate: Rs 205.9 crore)

  • Ebitda up 33.1% at Rs 399.49 crore Vs Rs 300.2 crore (Bloomberg estimate: Rs 380.3 crore)

  • Margin at 13.3% Vs 9.9% (Bloomberg estimate: 12.3%)

Adani Enterprises Q1FY22 (Consolidated, QoQ)

  • Revenue down 7% at Rs 12,578.77 crore Vs Rs 13,525.07 crore

  • Net profit up 16% at Rs 271.46 crore Vs Rs 233.95 crore

  • Ebitda down 12% at Rs 796.44 crore Vs Rs 903.99 crore

  • Margin at 6.3% Vs 6.7%

  • Construction at AdaniConneX’s Chennai facility started

  • Solar Manufacturing volume increased by 247% to 271 MW

  • Mining Services production increased by 114% to 4.7 MMT

  • Integrated Resources Management volume increased by 138% to 17.6 MMT

  • Airports Passenger volumes stood at 3.5 million

  • Air Traffic Movements stood at 44,614

  • Cargo stood at 1,62,858 MT

Kalpataru Power Transmission Q1FY22 (Consolidated, QoQ)

  • Revenue down 22% at Rs 3,204 crore Vs Rs 4,086 crore

  • Net profit down 54% at Rs 80 crore Vs Rs 174 crore

  • Ebitda down 33% at Rs 306 crore Vs Rs 455 crore

  • Margins at 9.6% Vs 11.1%

  • Order book at Rs 29,313 crore

  • Order Inflows of Rs 5,524 crores till date in FY22 driven by T&D, B&F, Urban Infra and Water business

Pledge Share Details

  • Apollo Tyres: Promoter Sunrays Properties and Investments Company revoked pledge of 16.30 lakh shares on July 30.

    As reported on August 3.

Bulk Deals

  • Ugro Capital: Abakkus Growth Fund 1 sold 10.42 lakh shares (1.48%) at Rs 119.02 per share. GKK Capital Markets bought 5 lakh shares (0.71%) at Rs 119 per share.

Offerings

  • Windlas Biotech Limited raised Rs 120.46 crore from anchor investors in IPO. The company allotted 26.18 lakh shares to 22 anchor investors at Rs 460 each.

  • Exxaro Tiles allotted 19.73 lakh shares to 2 anchor investors at Rs 120 each.

Trading Tweaks

  • Ex-Date AGM: VIP Industries

  • Ex-Date Dividend: Bata India, ESAB India, Minda Industries

  • Ex-Date Final Dividend: Clariant Chemicals, Cummins India, Godrej Agrovet, Goodyear India, Greenlam Industries, Kirloskar Oil Engines, MRF, Tube Investments of India

  • Ex-Date Special Dividend: MRF, Goodyear India

  • Ex-Date Income Distribution: Embassy Office Parks REIT, India Grid Trust

  • Record Date Interim Dividend: United Drilling Tool, CRISIL, Godawari Power & Ispat

  • Record Final Dividend: Matrimony.com, Godawari Power & Ispat

  • Price Band Revised From 10% To 5%: Nitin Spinners

  • Price Band Revised From 20% To 10%: Hindustan Oil Exploration Company

  • Move Into Short-Term ASM Framework: The Investment Trust of India, Seamec, Stylam Industries

  • Move Into ASM Framework: Carborundum Universal, Renaissance Global, ADF Foods, Tata Steel BSLTrading Tweaks

    • Ex-Date AGM: VIP Industries

    • Ex-Date Dividend: Bata India, ESAB India, Minda Industries

    • Ex-Date Final Dividend: Clariant Chemicals, Cummins India, Godrej Agrovet, Goodyear India, Greenlam Industries, Kirloskar Oil Engines, MRF, Tube Investments of India

    • Ex-Date Special Dividend: MRF, Goodyear India

    • Ex-Date Income Distribution: Embassy Office Parks REIT, India Grid Trust

    • Record Date Interim Dividend: United Drilling Tool, CRISIL, Godawari Power & Ispat

    • Record Final Dividend: Matrimony.com, Godawari Power & Ispat

    • Price Band Revised From 10% To 5%: Nitin Spinners

    • Price Band Revised From 20% To 10%: Hindustan Oil Exploration Company

    • Move Into Short-Term ASM Framework: The Investment Trust of India, Seamec, Stylam Industries

    • Move Into ASM Framework: Carborundum Universal, Renaissance Global, ADF Foods, Tata Steel BSL