Stocks To Watch: Adani Gas, Apollo Tyres, Axis Bank, Cadila Healthcare, Tata Consumer Products, Unichem Labs

Asian stocks opened mixed on Wednesday as investors mulled the progress of stimulus talks in Washington and reports of a plan to review the U.S.-China trade deal. Gold touched a record high. Shares fell in Japan and Australia but rose in South Korea.

Here are the stocks to watch in trade today:

• Axis Bank has launched QIP Issue at Rs 442.19 per share which is at a premium of 3% to the closing prices on Aug. 4. The issue opened on Aug. 4. As per SEBI regulation, company may offer a discount of not more than 5% on the floor price. Indicative price is at Rs 420.1 per share which is at a discount of 2.1% to the last closing price and deal size is worth $1.33 billion, including a base size of $1.067 billion and option to upsize by an additional $267 million as per the terms. Board is scheduled to meet on Aug. 10 to consider the date of closing QIP and issue price for sale (Bloomberg News)
• SAIL: July steel sales up 50% at 1.58 million tons. The consequent improvement in cash collections despite lower prices compared to last year coupled with stringent financial measures, allowed the company to reduce its borrowings below level of Rs 50,000 crore said company’s chairman Anil Kumar Chaudhary. (Bloomberg News)
• Maruti Suzuki’s chairman R.C. Bhargava said that second half sales of fiscal will be near last year’s levels. The overall market seems to be in favour of small hatchbacks and petrol and CNG cars. Company plans to shift Gurugram facility has been delayed.
• Info Edge has launched QIP Issue at Rs 3,177.18/share which is at a discount of 0.3% to the closing prices on Aug. 4. The issue opened on Aug. 4. Panel is scheduled to meet on Aug. 7 to consider the date of closing QIP and issue price for sale
• Sun Pharma Advanced Research stated that as on June 30, company’s current liabilities exceed current assets and it is in the process of raising funds for its operations. The company also received financial support letter from its parent Sun Pharma which is valid till the time the company is able to raise funds from external sources.
• Adani Ports & SEZ has raised $750 million via unsecured notes.
• Yes Bank: LIC increased stake from 0.76% to 4.99% in the bank from Sept. 2017 till July 31.
• Dixon Tech’s management stated in a concall that due to the announcement of moving to the import of television sets on restricted list, the company fill further expand its capacity for LED TVs to 5.5 million units (earlier expansion plan was for 4.4 million units) during the next 6 months. Company has also applied for PLI schemes for mobile manufacturing to the government.
• SRF stated it has capitalized and commissioned its BOPET film line in Hungary by its European arm for Euro 80 million.
• Havells to issue commercial papers worth Rs 300 crore to ICICI Bank and Rs 200 crore to ICICI Prudential Money Market Fund.
• HPCL issued NCDs worth Rs 1,200 crore on a private placement basis.
• Omaxe has filed a criminal complaint under the provisions of the Information Technology Act, 2000 against unknown persons’ misrepresenting themselves as executives /employees/representative of MidcapMovers.com.
• SH Kelkar update on Creative Flavours and Fragrance acquisition: On July 28 the company has completed acquisition Italy’s Creative Flavours and Fragrance for a total investment of Rs 223 crore. Capex of euro 1.5 million has already undertaken to enhance the company’s production capacity.
• Astral Poly Technik: Board appointed existing Managing Director, Sandeep Engineer as the new chairman with effect from Aug. 25.

Other Earnings

Tata Consumer Products Q1 (Consolidated, YoY)

• Revenue up 13.4% at Rs 2,713.9 crore (Est Rs 2,534 crore)
• Net profit up 88.6% at Rs 327.6 crore (Est Rs 196 crore)
• Ebitda up 37.6% at Rs 482.7 crore (Est Rs 383 crore)
• Margins at 17.8% versus 14.7% (Est 15.1%)
• Exceptional gain of Rs 63 crore in current due to gain on conversion a joint venture into a subsidiary (NourishCo Beverages)
• Indian branded tea business volume growth at 4%
• India food business volume growth at 8%

PI Industries Q1 (Consolidated, YoY)

• Revenue up 40.6% at Rs 1,060.1 crore (Est Rs 918 crore)
• Net profit up 43.2% at Rs 145.5 crore (Est Rs 118 crore)
• Ebitda up 50.3% at Rs 229.2 crore (Est Rs 202 crore)
• Margins at 21.6% versus 20.2% (Est 22%)

Astral Poly Technik Q1 (Consolidated, YoY)

• Revenue down 33.4% at Rs 403.9 crore (Est Rs 360 crore)
• Net profit down 57.7% at Rs 19.9 crore (Est Rs 12 crore)
• Ebitda down 41.7% at Rs 54.3 crore (Est Rs 45 crore)
• Margins at 13.4% versus 15.3%(Est 12.5%)
• Sales at 21,784 million tons versus 32,752 million tons

Gujarat Gas Q1 (Standalone, QoQ)

• Revenue down 59.4% at Rs 1,083 crore (Est Rs 1,318 crore)
• Net profit down 76.1% at Rs 58.7 crore (Est Rs 73.3 crore)
• Ebitda down 56.5% at Rs 185.8 crore (Est Rs 202 crore)
• Margins at 17.2% versus 16% (Est 15.3%)
• Total volume down 58% at 377 mmscm versus 905 mmscm
• Ebidta/scm up 4.5% at Rs 4.09

Unichem Laboratories Q1 (Consolidated, YoY)

• Revenue up 16.1% at Rs 317.3 crore
• Net profit at Rs 7 crore versus Net loss at Rs 13.7 crore
• Ebitda gain at Rs 12 crore versus Ebidta loss at Rs 20.2 crore
• Higher other expenses at Rs 126.5 crore was recorded in base quarter

Earnings Today

• Adani Gas
• Apollo Tyres
• Asahi India Glass
• Birlasoft
• Cadila Healthcare
• Canara Bank
• Cera Sanitaryware
• DLF
• EID Parry
• Godrej Properties
• Greenpanel Industries
• Hawkins Cookers
• IFB Agro Industries
• INOX Leisure
• JK Lakshmi Cement
• Jyothy Labs
• Kokuyo Camlin
• Shakti Pumps
• Strides Pharma Science
• Tasty Bite Eatables
• Trent
• Gravita
• GOCL Corporation
• Panama Petrochem

Pledged Share Details

• Emami promoter Raviraj Viniyog released pledge of 1.12 crore shares from July 31-Aug. 3
• Surya Roshni promoters revoked pledge of 42 lakh shares on July 31
• JSW Energy promoter Danta Enterprises revoked pledge of 30.76 lakh shares on July 31

(As Reported On Aug. 4)

Bulk Deals

• Greenlam Industries: Westbridge Crossover Fund sold 19 lakh shares (7.88%) at Rs 585 per share, Jwalamukhi Investment Holdings sold 2.15 lakh shares (0.89%) at Rs 585 per share, Blue Diamond Properties acquired 16.88 lakh shares (6.99%) at Rs 585 per share, Winro Commercial acquired 2.75 lakh shares (1.14%) at Rs 585 per share and Madhusudan Kela acquired 1.52 lakh shares (0.63%) at Rs 585 per share.
• Aarti Surfactants: HDFC MF sold 6.93 lakh shares, DSP MF sold 77,894 shares and Smallcap World Fund sold 59,380 shares.

Who’s Meeting Whom

• Mahindra Logistics to meet Steinberg AMC, Wellington Management and other investors from Aug.5-12
• MCX to meet Ask Investment Managers on Aug. 5

Trading Tweaks

• AGM Date: L&T, EIH, Greaves Cotton, Granules, Voltas, Transport Corporation of India, Asian Paints, ADF Foods, Hawkin Cookers, PNB Housing Finance, VIP Industries, Satin Creditcare Network.
• Record Date For Rights Issue: Satin Creditcare Network (Rights at 48:125, at premium of Rs 50 per share)
• Fund Raising: VIP Industries, GOCL Corporation, Kaya
• Price Band Revised From 10% To 5%: PG Electroplast, Wockhardt
• Price Band Revised From 20% To 10%: SMS Lifesciences
• Move Into Surveillance Measure For High Encumbrance List: Jindal Stainless (Hisar), GMR Infrastructure, Jindal Stainless, Shree Renuka Sugars
• Move Out Of Surveillance Measure For High Encumbrance List: Dilip Buildcon, Adani Ports and Special Economic Zone, NCC, Ahluwalia Contracts, JSW Steel
• Move Into ASM Framework: Oswal Agro Mills, Paisalo Digital, Krebs Biochemicals and Industries, Vikas EcoTech
• Move Into Short-Term ASM Framework: Dishman Carbogen Amcis, Eris Lifesciences, Unichem Laboratories
• Move Out Of Short-Term ASM Framework: Tanla Solutions, VA Tech Wabag, Pricol

Insider Trades

• Trident promoter Trident Industrial Corporation acquired 10 lakh shares on Aug.3
• Mindtree promoters sold 4.85 lakh shares from July 30-31

(As Reported On Aug.4)