Stocks To Watch: Ashok Leyland, JSW Energy, Indraprastha Gas, ONGC, PTC India, Reliance Industries

A statue of a bull is displayed at the Bombay Stock Exchange building in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

Stocks To Watch: Ashok Leyland, JSW Energy, Indraprastha Gas, ONGC, PTC India, Reliance Industries

The S&P BSE Sensex closed 0.7% higher at 52,699 on Thursday, while NSE Nifty 50 Index gained nearly 0.7% to 15,790.45, near an all-time high reached last week. The broader market underperformed their larger peers.

Here are the stocks to watch in trade today:

  • LIC Housing Finance: To issue 4.54 crore shares at Rs 514.25 each to Life Insurance Corporation of India on a private placement basis. LIC’s shareholding in the company after the proposed preferential allotment of shares will increase to 45.24% from 40.31%.

  • Indian Bank: Approved the closure of QIP on June 24 and set issue price at Rs 142.15 per share. Received application forms for an amount aggregating to Rs 1,650 crore from eligible Qualified Institutional Buyers.

  • Union Bank of India: Allotted Basel Ill Compliant Tier II Bonds of face value of Rs 10 lakh each aggregating to Rs 850 crore on private placement basis. The coupon rate has been set at 7.19% per annum for a period of 10 years.

  • Laurus Labs: CARE Ratings has upgraded the credit rating of the long-term banking facilities of the company to AA/Stable from AA-/Positive.

  • Aarti Industries: Authorised the opening of QIP on June 24. The floor price of Rs 899.77 per share is at a premium of 3.21% to Thursday’s closing price. Board to meet on June 30 to approve the issue price for equity shares to be allotted to the qualified institutional buyers.

  • PTC India: Approved a Letter of Intent dated June 17, for acquisition of the energy consulting business undertaking of IL&FS Energy Development Company, a group company of IL&FS, for an undisclosed value, on a slump sale basis.

  • Asian Granito India: Crystal Ceramics Industries, a material subsidiary of the company, has invested Rs 25 crore for capacity expansion at its Mehsana Plant in Gujarat. This capacity addition will increase total capacity of Crystal Ceramics to 36,000 SQMTS/day.

  • Earnings: JSW Energy, Hindustan Copper, Indraprastha Gas, Balmer Lawrie & Co, Banco Products (India), Oswal Greentech, Finolex Industries, Forbes & Company, Godfrey Phillips India, HCL Infosystems, Orient Refractories, PNC Infratech, Apex Frozen Foods, Antony Waste Handling Cell, Hexa Tradex, India Glycols, Ind-Swift Laboratories, Inox Wind, KCP, Maharashtra Seamless, MSTC, NCL Industries, Pix Transmissions, Puravankara, Shree Renuka Sugars, State Trading Corporation Of India, Tajgvk Hotels & Resorts, Technocraft Industries (India), United Drilling Tools, Voltamp Transformers

Earnings Post Market Hours

ONGC Q4FY21 (Standalone, QoQ)

  • Revenue up 24.5% at Rs 21,188.91 crore Vs Rs 17,023.8 crore (Bloomberg Estimate: Rs 21,843 crore)

  • Net profit up 435.2% at Rs 6,733.97 crore Vs Rs 1,258.12 crore (Bloomberg Estimate: Rs 3,503.2 crore)

  • Ebitda up 25.2% at Rs Rs 8,149.35 crore Vs Rs 6,507.59 crore (Bloomberg Estimate: Rs 10,569.6 crore)

  • Ebitda margins at 38.5% Vs 38.2% (Bloomberg Estimate: 48.4%)

  • Recommended final dividend of Rs 1.85 per share

  • Appointed Subhash Kumar, CEO, as the Chairman & Managing Director of the company

Ashok Leyland Q4FY21 (Consolidated, QoQ)

  • Revenue up 37% at Rs 8,142.11 crore Vs Rs 5,954.17 crore

  • Net profit up 23.76 times at Rs 352.56 crore Vs Rs 14.24 crore

  • Ebitda up 36% at Rs 1,013.30 crore Vs Rs 747 crore

  • Ebitda margin at 12.4% Vs 12.5%

PTC India Q4FY21 (Consolidated, QoQ)

  • Revenue up 3% at Rs 3,916.58 crore Vs Rs 3,793.51 crore

  • Net profit down 36% at Rs 68.56 crore Vs Rs 106.85 crore

  • Ebitda down 10% at Rs 364.43 crore Vs Rs 406.68 crore

  • Ebitda margin at 9.3% Vs 10.7%

Mishra Dhatu Nigam Q4FY21 (Consolidated, QoQ)

  • Revenue up 84% at Rs 345.87 crore Vs Rs 190.08 crore

  • Net profit up 24% at Rs 74.71 crore Vs Rs 60.13 crore

  • Ebitda up 19% at Rs 103.11 crore Vs Rs 86.4 crore

  • Ebitda margin at 29.8% Vs 45.5%

  • Recommended final dividend of Rs 1.58 per share

  • The order book position stood at Rs 1,353 crore

Pledge Share Details

  • Emami: Promoters (Sneha Enclave and Sneha Gardens) revoked pledge of 20 lakh shares between June 21-23.

  • JSW Energy: Promoters (Indusglobe Multiventures and JSW Investments) revoked pledge of 2.36 crore shares between June 21-23.

    As reported on June 24.

Insider Trades

  • Adani Green Energy: Promoter Infinite Trade and Investment bought 10 lakh shares on June 23.

  • Jubilant Ingrevia: Promoter Miller Holdings Pte bought 3.85 lakh shares between June 22-23.

  • JK Cement: Promoter Ramapati Singhania sold 2,000 shares on June 23.

  • Persistent Systems: Promoter Sulabha Deshpande sold 9.980 shares on June 22.

  • Page Industries: Promoters (Sunder Genomal, Ramesh Genomal and Nari Genomal) sold 12,765 shares between June 21-23.

  • Surya Roshni: Promoter Surya Roshni Employees Welfare Trust bought 55,000 shares between June 21-23.

  • Ultramarine & Pigments: Promoters (Sridhar Sundararajan HUF and Kala Sundarvedha) sold 3,531 shares on June 23.

  • Valiant Organics: Promoter Dhanvanti Gala sold 40,347 shares between June 22-23.

Block Deals

  • HEG: Promoter Giltedged Industrial Securities bought 1.68 lakh shares (0.44%) at Rs 2,210 per share. Promoter Jhunjhunwala Rita sold 70,000 shares (0.18%) at Rs 2,210 per share. Promoter Jhunjhunwala Ravi sold 98,000 shares (0.25%) at Rs 2,210 per share.

Trading Tweaks

  • Ex-Date Interim Dividend: R Systems International

  • Ex-Date Final Dividend: Supreme Petrochem

  • Ex-Date Dividend: Vimta Labs

  • Price Band Revised From 10% To 5%: Somany Ceramics

  • Record Date Stock Split: Inventure Growth & Securities

  • Record Date Dividend: Adani Total Gas, Adani Ports and SEZ, Torrent Power

  • Move Out Of Short-Term ASM Framework: Action Construction Equipment, Future Lifestyle Fashions, Marksans Pharma, Arshiya, Anup Engineering, GTL Infrastructure

  • Move Into ASM Framework: GTL Infrastructure, NCL Industries

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