Stocks To Watch: Aurobindo Pharma, BPCL, Eicher Motors, GAIL, Hero MotoCorp, Indiabulls Housing Finance

Asian stocks gained Thursday after U.S. peers briefly surpassed their all-time closing high, led by surging technology shares. The dollar weakened and Treasury yields traded at five-week highs. Shares in Japan, South Korea and Australia opened higher.

Here are the stocks to watch in trade today:

• Subhash Sheoratan Mundra appointed as Non-Executive Chairman of Indiabulls Housing Finance. Mundra is a former Deputy Governor of Reserve Bank of India and currently an Independent director at Indiabulls Housing Finance. Sameer Gehlaut has relinquished the post of Executive Chairman of Indiabulls Housing Finance and will continue as non-executive, non-independent director. He will be the Chief Executive Officer at Indiabulls Ventures.
• Tata Power: Board approved merger of wholly-owned arms Coastal Gujarat Power (Mundra UMPP) and Tata Power Solar System (Solar EPC business) and Af-Taab Investment with self, along with capital reorganization after merger. Coastal Gujarat Power to get direct support from parent company upon merger. Board also approved withdrawal of scheme of transfer of certain renewable energy undertakings from the company to its arms Tata Power Renewable Energy, Supa Windfarm, Nivade Windfarm and Tata Power Green Energy on a slump sale basis. Board will consider other alternatives for restructuring its renewable energy business. Fund’s in company’s general reserves are in excess of business needs of the company for the foreseeable future and will be used to reward shareholders, as stated in a press release.
• Coal India is seeking a 15% reduction in railway freight charges for shipments traveling 700 km-1,400 km to make domestic supplies competitive with imports, it said in an emailed statement. Domestic coal is considerably cheaper than the imported fuel, but taxes and freight make it less competitive for some customers, especially in the southern and western parts of the country. (Bloomberg News)
• Apollo Hospitals: NCLT Chennai approved demerger of the front end portion of standalone pharmacy business of the company into its arm Apollo Pharmacies.
• Thermax: MD and CEO M.S. Unnikrishnan to retire on Aug 31. Ashish Bhandari will be the new MD and CEO.
• Brigade Enterprises: Board approved raising up to Rs 500 crore via equity shares and debt. Company expects construction to resume at 100% levels by the end of the third quarter of fiscal 2021.
• ICRA: LIC decreased its stake from 9.27% to 6.54% from Sept. 2019 to Aug. 11.
• Britannia Industries has allotted commercial papers worth Rs 300 crore.
• Dixon Tech: SBI MF decreased their stake from 4.9% to 4.39% on Aug. 11
• Mahindra & Mahindra Financial Services: Rights issue was subscribed approximately 1.3 times, resulting in a demand generation of over Rs. 4000 crores. (target was Rs 3,088.82 crore).
• Indostar Capital Finance: Board approved raising Rs 1,000 crore via issue of NCDs in various tranches.

Other Earnings

Ashok Leyland Q1 (Standalone, YoY)

• Revenue down 88.5% at Rs 650.9 crore (Est Rs 527 crore)
• Net loss at Rs 388.8 crore versus Net profit at Rs 230.2 crore (Est Net loss at Rs 366 crore)
• Ebitda loss at Rs 333.2 crore versus Ebidta gain at Rs 537 crore (Est Ebidta loss at Rs 300 crore)

Aurobindo Pharma Q1 (Consolidated, YoY)

• Revenue up 8.82% at Rs 5,924.8 crore (Est Rs 5,952 crore)
• Net profit up 22.8% at Rs 780.6 crore (Est Rs 731 crore)
• Ebitda up 9.7% at Rs 1,257.4 crore (Est Rs 1,238 crore)
• Margins at 21.2% versus 21.1% (Est 20.8%)

Cummins India Q1 (Standalone, YoY)

• Revenue down 62.9% at Rs 498.2 crore (Est Rs 666 crore)
• Net profit down 62.8% at Rs 52.6 crore (Est Rs 5 crore)
• Ebitda down 98.1% at Rs 2.9 crore (Est Ebidta loss at Rs 19 crore)
• Margins at 0.58% versus 11.3%

Novelis’ Q1 (Consolidated, YoY)

• Revenue down 17.1% at $2,426 million
• Net loss at $79 million versus Net profit at $127 million
• Adjusted EBITDA down 31.9% at $253 million
• Margins at 10.4% versus 12.7%
• Alert: Novelis’ is Hindalco’s subsidiary

Balaji Amines Q1 (Consolidated, YoY)

• Revenue flat at Rs 223 crore
• Net profit up 70.8% at Rs 31.6 crore
• Ebitda up 43.1% at Rs 53.8 crore
• Margins at 24.1% versus 16.9%
• Sales volume down 9% at 18,306 MT
• Margins improve due to lower raw material costs and lower other expenses

Tata Power Q1 (Consolidated, YoY)

• Revenue down 16.9% at Rs 6,453 crore (Est Rs 7,260 crore)
• Net profit up 26.3% at Rs 206.6 crore (Est Rs 277 crore)
• Ebitda down 24.8% at Rs 1731.3 crore (Est Rs 2029 crore)
• Margins at 26.8% versus 29.6% (Est 28%)
• Higher taxes recorded in base quarter impacted Net profit

Brigade Enterprises Q1 (Consolidated, YoY)

• Revenue down 71.3% at Rs 203.3 crore (Est Rs 381 crore)
• Net loss at Rs 52.7 crore versus Net profit at Rs 41.2 crore (Est Net loss at Rs 44 crore)
• Ebitda down 74% at Rs 47.4 crore (Est Rs 80.4 crore)
• Margins at 23.3% versus 25.7% (Est 21.1%)
• Residential sales down 64% at 394,000 square feet
• Realisation up 14% at Rs 5,956 per square feet

Aster DM Healthcare Q1 (Consolidated, YoY)

• Revenue down 13.2% at Rs 1,760.6 crore
• Net loss at Rs 82.9 crore versus Net profit at Rs 3.3 crore
• Ebidta down 36.2% at Rs 142.7 crore
• Margins at 8.1% versus 11%

Thermax Q1 (Consolidated, YoY)

• Revenue down 52.3% at Rs 664.9 crore (Est Rs 737 crore)
• Net loss at Rs 15.3 crore versus Net profit at Rs 62.8 crore (Est Net loss at Rs 41 crore)
• Ebitda loss at Rs 11.5 crore versus Ebidta gain at Rs 99.1 crore (Est Ebidta loss at Rs 44 crore)
• Order booking down 50% at Rs 608 crore

Gulf Oil Lubricants Q1 (Standalone, YoY)

• Revenue down 45.3% at Rs 241.2 crore
• Net profit down 64.7% at Rs 17.2 crore
• Ebitda down 67.3% at Rs 25.5 crore
• Margins at 10.6% versus 17.7%

Hitachi ABB Power Grids Q2CY2020 (Standalone, YoY)

• Revenue down 41.7% at Rs 633.2 crore
• Net profit down 82% at Rs 10.9 crore
• Ebitda down 70.8% at Rs 34.3 crore
• Margins at 5.42% versus 10.8%
• Orders at Rs 567.3 crore versus Rs 862.3 crore

Gujarat State Fertilizers & Chemicals Q1 (Consolidated, YoY)

• Revenue down 4.9% at Rs 1,636.6 crore
• Net profit down 27.5% at Rs 30.3 crore
• Ebitda down 26.9% at Rs 90.2 crore
• Margins at 5.51% versus 7.17%

Aarti Industries Q1 (Consolidated, YoY)

• Revenue down 9.74% at Rs 937.3 crore (Est Rs 967 crore)
• Net profit down 40.7% at Rs 81.9 crore (Est Rs 95 crore)
• Ebitda down 27.3% at Rs 181.9 crore (Est Rs 159 crore)
• Margins at 19.4% versus 24.1% (Est 16.4%)

Earnings Today

• Hero MotoCorp
• Eicher Motors
• BPCL
• GAIL
• Grasim
• Tata Steel
• 3M India
• Aditya Birla Fashion and Retail
• Amrutanjan Health Care
• Aries Agro
• APL Apollo Tubes
• Bharat Rasayan
• Balkrishna Industries
• City Union Bank
• Dishman Carbogen Amcis
• D B Corp
• DCM Shriram Industries
• Endurance Technologies
• Engineers India
• Excel Industries
• Electrosteel Castings
• Garden Reach Shipbuilders & Engineers
• Godrej Industries
• Greaves Cotton
• IG Petrochemicals
• India Glycols
• INEOS Styrolution
• Kaveri Seed
• Kirloskar Industries
• Lumax Auto Technologies
• Minda Corporation
• PG Electroplast
• Power Finance Corporation
• PPAP Automotive
• Praj Industries
• Prestige Estates Projects
• Prism Johnson
• Redington (India)
• Safari Industries
• Shankara Building Products
• Sharda Cropchem
• Shivalik Rasayan
• Shoppers Stop
• Shriram Transport Finance
• Tourism Finance Corporation
• Timken
• Trent
• Venky's
• Xchanging Solutions

Pledged Share Details

• Emami promoter Raviraj Viniyog revoked pledge of 10.5 lakh shares on Aug.11
• Solara Active Pharma Sciences promoters invoked pledge of 46.5 lakh shares from May 7-25

(As Reported On Aug.12)

Who’s Meeting Whom

• Asian Paints to meet UBS AMC, Capital International and other investors from Aug.14-20
• Sundram Fasteners to meet SBI MF and Nippon India MF on Aug. 13.

Bulk Deals

InterGlobe Aviation: Jwalamukhi Investment Holdings acquired 54.35 lakh shares (1.41%) at Rs 1,028 per share and Kotak Mahindra (International) sold 54.35 lakh shares (1.41%) at Rs 1,028 per share.

Block Deals

Axis Bank: BOFA Securities Europe acquired 16.75 lakh shares (0.06%) at Rs 444.15 per share and UBS Principal Capital Asia sold 16.75 lakh shares (0.06%) at Rs 444.15 per share.

Trading Tweaks

• AGM Date: Escorts, Dabur, TTK Prestige, Bandhan Bank, Jindal Stainless, TRF, Astral Poly Technik, Indian Overseas Bank, Bodal Chemicals, ICICI General Insurance, Granules, L&T, JSW Energy, Godrej Industries, Page Industries, Rain Industries, Shoppers Stop
• Fund Raising: Amrutanjan Healthcare, Prism Johnson
• Price Band Revised From 10% To 5%: Aurionpro Solutions, Century Extrusions, GE T&D India, Globus Spirits
• Price Band Revised From 20% To 10%: Eros International Media, Essar Shipping, HLE Glascoat
• Price Band Revised From 20% To 5%: TRF
• Move Into ASM Framework: Majesco, Ramco Systems, Navin Fluorine, Vaibhav Global, Essar Shipping, Eros International Media
• Move Into Short Term ASM Framework: Himachal Futuristic Communications, HIL, Emami, GVK Power & Infrastructure, Allsec Technologies, Welspun India, Prince Pipes And Fittings
• Move Out Of Short Term ASM Framework: Dishman Carbogen Amcis, Alpa Laboratories, InfoBeans Techno, Eris Lifesciences

Insider Trades

• Surya Roshni promoter Surya Roshni Employees Welfare Trust acquired 1.76 lakh shares from Aug.7-11
• Trident promoter Trident Capital acquired 7.2 lakh shares on Aug.11
• Mindtree promoter Akila Krishnakumar sold 84,504 shares from Aug.6-7
• SBI Cards and Payment Services promoter SBI Life Insurance sold 42,744 shares on Aug.11

(As Reported On Aug.12)

F&O Cues

• Nifty August futures closed at 11,315; premium of 7 points vs premium of 25.5 points
• Nifty August futures Open Interest up 2.3%, adds 2.3 lakh shares in Open Interest
• Nifty Bank August futures closed at 22,291; premium of 27 points vs premium of 83 points
• Nifty Bank August futures Open Interest up 6%, adds 94,000 shares in Open Interest

Options

• Nifty PCR at 1.51

Nifty Monthly Expiry: Aug. 13

• Max Open Interest on call side at 11,500 (39 lakh shares)
• Max Open Interest on put side at 11,200 (33 lakh shares)
• Active options: 11,300 Put (7.1 lakh shares), 11,300 Call (8.4 lakh shares)

Nifty Monthly Expiry: Aug 27

• Max Open Interest on call side at 11,500 (20.8 lakh shares)
• Max Open Interest on put side at 11,000 (30.6 lakh shares)

Ban List

• In Ban: Aurobindo Pharma, Bata India, Canara Bank, Century Textile, Glenmark Pharma, IndiaBulls Housing Vodafone Idea, Muthoot Finance, SAIL and Vedanta
• New In Ban: Aurobindo Pharma