Stocks To Watch: Adani Enterprises, Cipla, HPCL, Indian Hotels, Jubilant FoodWorks, Lupin, M&M, Novartis, Vodafone Idea

Asian stocks began the Friday session mixed as investors weighed hopes for an agreement on a stimulus package from Washington against continued U.S.-China tensions. Gold continued its surge, while Treasuries ticked higher. Japanese shares opened flat ahead of a holiday long-weekend, while shares advanced in South Korea.

Here are the stocks to watch in trade today:

• Lupin has signed exclusive distribution pact with Fordoz Pharma for granting the company, exclusive rights to market and distribute two complex injectable assets which are in advanced stages of development in the U.S. and its territories. The two assets are in the oncology and anti-infective therapeutic areas which when approved, will provide affordable alternatives to patients and healthcare professionals.
• Jubilant FoodWorks announced that it has forayed into the FMCG category with a range of ready to cook sauces, gravies and pastes. Launches 8 products across Indian and Chinese cuisines and and will initially be exclusively available for consumers across e-commerce portals. The online sale of products will shortly start with Amazon (National), Flipkart Supermart (NCR, Mumbai and Bangalore) and Milkbasket (NCR). The brand plans to expand product availability by adding more ecommerce platforms as well as retailing through supermarkets and hypermarkets in the near future.
• Welspun Corp: Board has approved listing of Welspun Middle East Pipes in the local stock exchange at Saudi Arabia. The process of listing would involve divestment of 15% (at maximum) of the total issued shares of WMEPL, held by Welspun Corp through its overseas subsidiary, at a consideration exceeding $30 million along with proportionate shares to be divested by the local partners. Post the proposed listing, the shareholding of the Company in WMEPL would not fall below 35% from its existing shareholding of 50.01%.
• Wipro has collaborated with Intel to enable Wipro’s digital workspace solution with the Intel platform. This joint collaboration will help customers drive business continuity by enabling
• remote IT support and solutions.
• NIIT: SBI MF decreased stake from 5.94% to 3.81% in the company on Aug. 5.
• Shriram Transport Finance: Board approved allotment of 2.62 crore shares at issue price of Rs 570 per share, which is at a discount of 14% to closing prices as on Aug. 6.
• Deepak Nitrite’s arm Deepak Phenolics is expanding its capacity of production of lsopropyl Alcohol at its manufacturing facitity situated at Dahej, Gujarat from 30,000 to to 60,000 tons per annum. lsopropyl Alcohol is a solvent and majority used by pharma companies and is also used in manufacture of sanitizer. Investment cost will be Rs 50 crore and it is expected to be commissioned in the first quarter of fiscal 2022.
• PNB Housing Finance has appointed Hardayal Prasad as MD and CEO till Aug. 2023.
• Minda Industries: Board to meet on Aug.11 to discuss details about the rights issue. On June 20 the board had approved raising Rs 250 crore by way of rights issue.
• MCX has clarified that it has not entered any discussion with 63 Moons Technologies for development of any direct market access system.
• Prince Pipes and Fittings has entered into a technical collaboration with Tooling Holland BV, a global player in the international plastic injection moulding industry based in The Netherlands.
• Alembic Pharma: Board closed the QIP issue at a price of Rs 932 per share, which was at a discount of 4.97% to the floor price and discount of 14% to the closing prices as on Aug.6.

Earnings Reaction To Watch

Hindustan Petroleum Corporation Q1 (Standalone, QoQ)

• Revenue down 43% at Rs 37,720.8 crore (Est Rs 42,777 crore)
• Net profit at Rs 2813.8 crore versus Rs 26.8 crore (Est Rs 1,523 crore)
• Ebidta gain at Rs 4,354.2 cr versus Ebidta loss at Rs 706.7 crore (Est Ebidta gain at Rs 2,635 crore)
• GRM at $0.04/bbl versus Negative GRM at $1.22/bbl (Est $2.5/bbl)
• Rise in net profit due to inventory gains despite weak GRMs
• Improvement in marketing margins partly make up for lower volumes
• Other Income at Rs 562.6 crore Rs 424.1 crore due to forex gains
• Exceptional loss of Rs 1,000 crore and tax reversal of Rs 2,578 crore in base quarter

Vodafone Idea Q1 (Consolidated, QoQ)

• Revenue down 9.3% at Rs 10,659.3 crore (Est Rs 11,007 crore)
• Net loss at Rs 25,460 crore versus Net loss at Rs 11,643.5 crore (Est net loss at Rs 5,546 crore)
• Ebidta down 6.4% at Rs 4,098.4 crore (Est Rs 3,800 crore)
• Margins at 38.4% versus 37.3% (Est 34.5%)
• ARPU at Rs 114 versus Rs 121 (Est Rs 116)
• Exceptional Loss at Rs 19,923.2 crore due to additional charges made on AGR dues

Novartis Q1 (Standalone, YoY)

• Revenue down 15.4% at Rs 92.5 crore
• Net profit up 5.5 times at Rs 4.4 crore
• Ebitda gain at Rs 4.3 crore versus Ebidta loss at Rs 5.2 crore

Adani Enterprises Q1 (Consolidated, YoY)

• Revenue down 50.1% at Rs 5,265.2 crore
• Net profit down 95% at Rs 29.8 crore
• Ebidta down 87.9% at Rs 102.9 crore
• Margins at 1.95% versus 8.04%

Indian Hotels Q1 (Consolidated, YoY)

• Revenue down 86% to Rs 144 crore
• Net loss at Rs 313 crore versus Net profit at Rs 4.98 crore
• Ebidta loss at Rs 266 crore versus Ebidta gain at Rs 173 crore
• Exceptional gain of Rs 86.07 crore mainly on account of gains from acquiring a controlling stake in joint venture IHMS Hotels

Sumitomo Chemical Q1 (Consolidated, YoY)

• Revenue up 4% to Rs 648 crore
• Net profit up 49% to Rs 79 crore
• Ebitda up 40% to Rs 119 crore
• Margins at 18% versus 14%

Deepak Nitrite Q1 (Consolidated, YoY)

• Revenue down 35.8% at Rs 674.5 crore
• Net profit down 24.8% at Rs 99 crore
• Ebitda down 28.5% at Rs 181.6 crore
• Margins at 26.9% versus 24.2%

Pidilite Industries Q1 (Consolidated, YoY)

• Revenue down 56.5% at Rs 877.8 crore (Est Rs 952 crore)
• Net profit down 90.9% at Rs 26.8 crore (Est Rs 29 crore)
• Ebitda down 85% at Rs 66.4 crore (Est Rs 59.6 crore)
• Margins at 7.56% versus 22% (Est 6.2%)

KEI Industries Q1 (Standalone, YoY)

• Revenue down 31.1% at Rs 745.3 crore (Est Rs 586 crore)
• Net profit down 21% at Rs 36.2 crore (Est Net loss at Rs 9.2 crore)
• Ebidta down 36.6% at Rs 72.3 crore (Est Rs 22.5 crore)
• Margins at 9.7% versus 10.6% (Est 3.8%)

Gujarat State Petronet Q1 (Standalone, QoQ)

• Revenue down 22% at Rs 464.3 crore
• Net profit down 11.6% at Rs 199.4 crore
• Ebidta down 2.69% at Rs 346.2 crore
• Margins at 74.6% versus 59.8%
• Transmission volume at 33.25 mmscmd versus 36.78 mmscmd
• Margins improve due to lower gas transmission expenses

JK Tyre & Industries Q1 (Consolidated,YoY)

• Revenue down 56.1% at Rs 1,130.8 crore
• Net loss at Rs 198.9 crore versus Net profit at Rs 16.9 crore
• Ebitda loss at Rs 3.7 crore versus Ebidta gain at Rs 239.6 crore

Dalmia Bharat Q1 (Consolidated, YoY)

• Revenue down 22.2% at Rs 1974 crore (Est Rs 1,920 crore)
• Net profit up 29.3% at Rs 190 crore (Est Rs 5.6 crore)
• Ebidta down 5.4% at Rs 625 crore (Est Rs 445 crore)
• Margins at 31.7% versus 26.1% (Est 23.7%)

Lemon Tree Hotels Q1 (Consolidated, YoY)

• Revenue down 71.1% at Rs 40.7 crore
• Net loss at Rs 41.8 crore versus Net loss at Rs 1.7 crore
• Ebidta down 90.2% at Rs 4.4 crore
• Margins at 10.8% versus 31.7%

Earnings Today

• Cipla
• Mahindra & Mahindra
• Abbott
• Adani Transmission
• Aditya Birla Capital
• Alembic
• Alkem Laboratories
• Alphageo
• Amara Raja Batteries
• Amber Enterprises
• Automotive Axles
• Balrampur Chini Mills
• Bata India
• BEML
• Birla Corporation
• Container Corporation of India
• Emami
• FDC
• Entertainment Network
• Finolex Industries
• Gabriel India
• Johnson Controls - Hitachi Air Conditioning
• Kajaria Ceramics
• Mahanagar Gas
• Rane Madras
• Ramco Industries
• REC
• Shipping Corporation Of India
• Siemens
• Sobha
• Sudarshan Chemical Industries
• Ramco Cements
• Indo Rama-Synthetics
• IFB Agro

Pledged Share Details

• Uflex promoter Anshika Consultants released pledge of 2.6 lakh shares on Aug.5
• JSW Steel promoters revoked pledge of 1.5 crore shares from July 31-Aug.4
• Emami promoters revoked pledge of 1.6 crore shares from July 31-Aug.4
• Jindal Steel & Power promoter Danta Enterprises revoked pledge of 5 lakh shares on July 31
• Future Consumer promoter Future Capital Investment invoked pledge of 45.65 lakh shares on Aug.4

(As Reported On Aug. 6)

Bulk Deals

• Yes Bank: Adani Electricity Mumbai sold 15 crore shares (1.2%) at Rs 13.45 per share
• Aarti Surfactants: Abu Dhabi Investment Authority sold 39,537 shares at Rs 270.5 per share

Block Deals

• Tech Mahindra: BNP Paribas Arbitrage acquired 7.56 lakh shares (0.08%) at Rs 650 per share and Goldman Sachs (Singapore) sold 7.56 lakh shares (0.08%) at Rs 650 per share.

Trading Tweaks

• AGM Date: IDBI Bank, Somany Ceramics, Delta Corp, Alembic, Sobha, Orient Electric, Novartis, Mahindra & Mahindra, KEC International, Jyothy Labs, Deepak Nitrite, ICICI Pru Life, Cosmo Films, Central Bank of India, Bayer Cropscience, Bata, Amara Raja Batteries, Alembic
• Fund Raising: Renuka Sugar CG Power and Industrial Solutions, REC, Info Edge
• Price Band Revised From 10% To 20%: Aavas Financiers, Arvind, Asian Granito, Astron Paper & Board Mill, Atul Auto, Balaji Telefilms, Bharat Dynamics, Birla Corporation, Aditya Birla Money, Chalet Hotels, Dhanlaxmi Bank, Avenue Supermarts, Fineotex Chemical, Eros International Media, General Insurance Corporation, Himatsingka Seide, IIFL Finance, IOL Chemicals and Pharmaceuticals, IRB Infrastructure Developers, Jubilant Industries, ITI, Mahindra Logistics, Manali Petrochemicals, NACL Industries, Orient Cement, Panacea Biotec, Panama Petrochem, Parag Milk Foods, Prism Johnson, Shalimar Paints, Sanghi Industries, Shoppers Stop, SpiceJet, Suven Pharmaceuticals, Tata Steel Long Products, TCPL Packaging, TRF, Trident, TV18 Broadcast, Zee Learn.
• Price Band Revised From 10% To 5%: Godawari Power And Ispat, Neogen Chemicals
• Price Band Revised From 5% To 10%: Adani Green Energy, Adani Transmission, Affle (India), Aries Agro, Dish TV India, Entertainment Network (India) , Federal-Mogul Goetze , Globus Spirits, Graphite India, GVK Power & Infrastructure, Heritage Foods, Indiabulls Real Estate, IDBI Bank, IFB Agro Industries, Indian Overseas Bank, ITDC, Kakatiya Cement Sugar & Industries, Lakshmi Vilas Bank, Lemon Tree Hotels, Magma Fincorp, Mahindra CIE Automotive, MT Educare, Munjal Showa, Punjab & Sind Bank, Quess Corp, Religare Enterprises, Reliance Power, Satin Creditcare Network, Suven Life Sciences, Tube Investments of India, Titagarh Wagons, V2 Retail.
• Price Band Revised From 5% To 20%: Anant Raj, AU Small Finance Bank ,Credit Access Grameen, Delta Corp, Eveready Industries, Gujarat Fluorochemicals , Future Retail , GTPL Hathway, Hindustan Oil Exploration,HFCL, IG Petrochemicals, KPIT Technologies, Nath Bio-Genes, PNB Housing Finance, Prince Pipes And Fittings, Sadbhav Infrastructure Project, Sharda Cropchem , South Indian Bank, Spandana Sphoorty Financial, Surya Roshni, Sterling And Wilson Solar, Take Solutions, Thirumalai Chemicals, Varroc Engineering, VA Tech Wabag.
• Move Into ASM Framework: Camlin Fine Sciences , Intense Technologies
• Move Into Short-Term ASM Framework: Vaibhav Global, Pricol

Insider Trades

• JSW Steel promoter JTPM Metal Traders acquired 28.5 lakh shares from Aug.3-4
• Trident promoter Trident Capital acquired 7 lakh shares on Aug.5
• Birlasoft promoter National Engineering acquired 27 lakh shares on Aug.4
• Valiant Organics promoter Dilesh Roadline sold 30,000 shares on July 13
• Dr. Lal Pathlabs promoter Dr. Vandana Lal sold 1.76 lakh shares from Aug.4-6

(As Reported On Aug.6)

F&O Cues

• Nifty August futures closed at 11,212; premium of 12 points versus premium of 30 points
• Nifty August futures Open Interest up 2.5%, adds 2.5lakh shares in Open Interest
• Nifty Bank August futures closed at 21,670, premium of 27 points versus premium of 98 points
• Nifty Bank August futures Open Interest up 0.4%, adds 4.5k shares in Open Interest

Options

• Nifty PCR at 1.58

Nifty Monthly Expiry: Aug 13

• Max Open Interest on call side at 11,200 (11.2 lakh shares)
• Max Open Interest on put side at 11,000 (15.6 lakh shares)
• Active options: 11,200 Put (8.2 lakh shares), 11,600 Call (6.2 lakh shares)

Nifty Monthly Expiry: Aug 27

• Max Open Interest on call side at 11,500 (21 lakh shares)
• Max Open Interest on put side at 11,000 (30.6 lakh shares)

Ban List

• In ban: Canara Bank