Stocks To Watch: Adani Gas, Apollo Tyres, DLF, HDFC, INOX Leisure, JK Lakshmi Cement, Lupin, Vodafone Idea

Asian stocks opened mixed Thursday after a three-day advance, while U.S. futures held overnight gains amid encouraging news on the vaccine front and speculation over progress on a stimulus package. The dollar slipped toward its lowest in almost two years. Shares dipped in Japan and pushed higher in South Korea and Australia.

Here are the stocks to watch in trade today:

• HDFC has launched QIP issue at a floor price of Rs 1,838.94 per share, which is at a premium of 4% to the closing prices as on Aug.5. Rs 14,000 crore to be raised via issue equity and warrants and Rs 9,000 crore via NCDs. Board is scheduled to meet on Aug. 10 to consider the date of closing QIP and issue price for sale. As per SEBI regulation, company may offer a discount of not more than 5% on the floor price.
• Xchanging Solutions to meet on Aug.13 to consider delisting offer. Company received letter of intention to delist shares in exchanges by promoter DXC Technologies. Promoters to acquire the remaining 25% stake in the company. They currently hold 75% stake. Company had a market capitalization of Rs 605 crore as on Aug.5. and belongs to business outsourcing and processing industry.
• Inox Leisure: Board has approved the enabling resolution for fund raising up to Rs 250 crore through the issuance of equity shares/other securities.
• Bharti Airtel: Telecom Kenya has opted out of proposed Airtel’s network merger. (Bloomberg News)
• National Fertilizers Q1FY21 sales up 20% at 18.79 lakh MT,Urea sales up 17% at 15.87 lakh MT.
• VIP Industries: Board approved issue of NCDs worth Rs 50 crore on a private placement basis.
• Punjab and Sind Bank: NPA account worth Rs 32.84 crore with SEW LSY Highways has been declared a fraud and reported to RBI.
• Cera Sanitaryware to discontinue its business operations of its Dubai arm. Expected date of closure is Feb. 2021. This entity contributed 0.2% of the total turnover of the company.
• Canara Bank said in a press release that it has 22.7% loan book under moratorium.
• Alkem Laboratories has launched Favipiravir under the brand name “Alfluenza”.
• Apollo Tyres: Board approved issue of NCDs worth Rs 1,000 crore to issue convertible preference shares up to Rs 540 crore to Emerald Sage Investment.
• Adani Gas: CEO Suresh Manglani said that the Total-Adani Gas venture will apply for India’s fuel retail licensing in company’s conference call.
• GOCL Corporation: Board approved to seek shareholders nod for raising of further capital/ resources in the form of debt, convertible debt or equity by way of various means such as QIPs, issue of ADRs/GDRs, etc up to $150 million.
• South Indian Bank: RBI has given in-principle approval for setting up of a wholly owned non-financial arm for undertaking activities permitted by RBI.
• Eveready Industries: India Ratings and Research has upgraded the company’s long term credit ratings to ‘IND BB+’ from ‘IND BB’. The outlook has been changed to positive.
• InterGlobe Aviation to consider raising funds on Aug.10

Other Earnings

Apollo Tyres Q1 (Consolidated,YoY)

• Revenue down 33.7% at Rs 2,873.4 crore (Est Rs 2,281 crore)
• Net loss at Rs 134.6 crore versus Net profit at Rs 141.6 crore (Est Net loss at Rs 256 crore)
• Ebitda down 50.1% at Rs 237.2 crore (Est Rs 105 crore)
• Margins at 8.26% versus 11% (Est 4.6%)

DLF Q1 (Consolidated,YoY)

• Revenue down 58.8% at Rs 548.6 crore
• Net loss at Rs 70.7 crore versus Net profit at Rs 414.7 crore
• Ebitda down 99.3% at Rs 1.7 crore
• Margins at 0.3% versus 18%
• Exceptional gain of Rs 297 crore in base quarter

JK Lakshmi Cement Q1 (Standalone,YoY)

• Revenue down 20.8% at Rs 825.2 crore (Est Rs 808 crore)
• Net profit up 12.7% at Rs 44.4 crore (Est Rs 46 crore)
• Ebitda down 15.6% at Rs 143.4 crore (Est Rs 146 crore)
• Margins at 17.4% versus 16.3% (Est 18%)
• Exceptional loss of Rs 30 crore in base quarter
• Margins improve due to lower power, fuel and freight costs

INOX Leisure Q1 (Consolidated, YoY)

• Revenue down 99.9% at Rs 0.25 crore
• Net loss at Rs 73.6 crore versus Net profit at Rs 27 crore
• Ebidta down 77.7% at Rs 33.45 crore
• Group has invoked the force majeure clause under various lease agreements for its multiplex premises, contending that rent and CAM charges for the shutdown period on account of COVID-19 pandemic are not payable.
• Group has recognised Rs 69.3 crore towards reduction of such rentals and has also not recognised expense of Rs 20.9 crore towards CAM charges for the period ended 30 June

Hawkins Cookers Q1 (Standalone, YoY)

• Revenue down 29.1% at Rs 100.8 crore
• Net profit down 52.6% at Rs 6.5 crore
• Ebitda down 54.8% at Rs 10 crore
• Margins at 9.92% versus 15.6%

Birlasoft Q1 (Consolidated,QoQ)

• $ Revenue down 3.4% at $121.2 million
• Revenue up 1% at Rs 914.6 crore
• Net profit down 18.4% at Rs 56.3 crore
• Ebitda down 3.33% at Rs 112.9 crore
• Margins at 12.3% versus 12.9%

Adani Gas Q1 (Consolidated, QoQ)

• Revenue down 57.3% at Rs 197.2 crore
• Net profit down 68% at Rs 38.9 crore
• Ebitda down 53.9% at Rs 77.4 crore
• Margins at 39.2% versus 36.3%
• Sales volume at 64 mmscm versus 145 mmscm

Earnings Today

• Lupin
• Pidilite Industries
• Hindustan Petroleum
• Vodafone Idea
• Whirlpool of India
• Adani Enterprises
• Adani Power
• Bayer Cropscience
• BASF India
• Blue Star
• Can Fin Homes
• Dalmia Bharat
• Deepak Nitrite
• Gujarat Pipavav Port
• Gujarat State Petronet
• Honeywell Automation
• IFB Industries
• Jamna Auto Industries
• JK Tyre & Industries
• KEI Industries
• Lemon Tree Hotels
• Matrimony.Com
• Mangalore Chemicals & Fertilizers
• Novartis
• Sumitomo Chemical
• Indian Hotels
• Torrent Power
• HIL

Pledged Share Details

• Suzlon Energy promoter Tanti Holding created pledge of 49 crore shares on Aug.4
• Max Financial Services promoter Max Ventures Investment Holdings revoked pledge of 35.6 lakh shares from Aug.1-3
• Jamna Auto promoter Map Auto created pledge of 2.61 lakh shares from Aug3-4
• Parag Milk Foods promoters revoked pledge of 27 lakh shares from July 30-Aug.4
• Future Enterprises promoter Central Department Stores invoked pledge of 41.3 lakh shares on Aug.4

(As Reported On Aug. 5)

Bulk Deals

• DCB Bank: Oman Joint Investment Fund acquired 50.7 lakh shares (1.63%) at Rs 81.9 per share and Motilal Oswal AMC sold 50 lakh shares (1.61%) at Rs 81.9 per share.
• NIIT: Massachusetts Institute Of Technology acquired 30 lakh shares (2.12%) at Rs 96.75 per share. Massachusetts Institute of Technology already has 1.87% stake in the company As on June 30. Thus its holdings has increased to 3.99%.
• Max Financial Services: Promoter Max Ventures Investment Holdings sold 61 lakh shares (2.26%) at Rs 535.18 per share.

Who’s Meeting Whom

• Dr Lal PathLabs to meet AXA Investment Managers UK on Aug. 6
• CG Consumer Electricals to meet DSP MF, First State Investments and other investors from Aug.6-13

Trading Tweaks

• AGM Date: CreditAccess Grameen, Whirlpool, Alkyl Amines Chemicals, Delta Corp, Somany Ceramics, Rane Holdings, BASF, Bata, Blue Star, Essel Propack, GM Breweries, Matrimony.com, Tasty Bite Eatables, Torrent Power, Trent, Zensar Tech
• Price Band Revised From 10% To 5%: Accord Synergy
• Price Band Revised From 20% To 10%: Caplin Point Laboratories
• Move Into ASM Framework: Rossel, Chaman Lal Setia Exports
• Move Into Short-Term ASM Framework: SMS Lifesciences, PG Electroplast, The Great Eastern Shipping, Firstsource Solutions, Essel Propack, Jaiprakash Associates
• Move Out Of Short-Term ASM Framework: INEOS Styrolution

Insider Trades

• Apollo Tyres promoter Osiatic Consultants and Investments acquired 50.76 lakh shares on Aug.4
• Trident promoters acquired 49.2 lakh shares on Aug.4
• Mindtree promoters sold 4.5 lakh shares on Aug.3

(As Reported On Aug.5)

F&O Cues

• Nifty August futures closed at 11,132; premium of 30 points versus premium of 7 points
• Nifty August futures Open Interest down 6%, sheds 6.7 lakh shares in Open Interest
• Nifty Bank August futures closed at 21,608, premium of 98 points versus premium of 61 points
• Nifty Bank August futures Open Interest down 8%, sheds 1.15 lakh shares in Open Interest
• Nifty Put Call Ratio at 1.54

Nifty Monthly Expiry: Aug 6

• Max Open Interest on call side at 11,200 strike (46 lakh shares)
• Max Open Interest on put side at 11,000 strike (37 lakh shares)
• Active options: 10,400 Put (-13.6 lakh shares), 11,200 Call (+16 lakh shares)

Nifty Monthly Expiry: Aug 27

• Max Open Interest on call side at 11,500 strike (22.4 lakh shares)
• Max Open Interest on put side at 11,000 strike (29.7 lakh shares)