Stocks To Watch: Auto Stocks, Dish TV, IOC, SpiceJet, Vodafone Idea, Adani Group

A bronze bull statue stands at the entrance to the Bombay Stock Exchange building in Mumbai. (Photographer: Dhiraj Singh/Bloomberg)

Stocks To Watch: Auto Stocks, Dish TV, IOC, SpiceJet, Vodafone Idea, Adani Group

India stocks declined for a third day as investors booked profit after key benchmarks closed at record levels last week. The S&P BSE Sensex lost 0.1% to 52,482.71, but registered fifth-straight quarterly gain after advancing 6% in April-June.

Here are the stocks to watch in trade today:

  • Indian Oil Corporation: Accorded stage-1 approval for implementation of Styrene Monomer Project at an estimated cost of Rs 4,495 crore, at the company’s Panipat refinery and petrochemical complex. This will be the first production unit for styrene in India with a capacity of 387,000 MTPA. The unit is expected to be commissioned by 2026-27.

  • Union Bank of India: Approved a plan to raise up to Rs 9,700 crore through a mix of both equity and debt. The lender will raise Rs 3,500 crore through an equity issuance including to the government. The board also approved raising Rs 6,200 crore through a bond issue.

  • Adani Group has achieved its target to set up 25 gigawatts of renewable energy capacities in India, four years ahead of the schedule, Chairman Gautam Adani said during the India Global Forum 2021. Our green energy arm is on track to be the world's largest renewable energy company by 2030, he added. The group also plans to double its solar cell and module manufacturing capacity to 4GW and expand the domestic manufacturing ecosystem for its renewables business, including a new wind turbine manufacturing cluster in Mundra. Further, the Competition Commission of India on June 30 approved proposed acquisition of the entire shareholding of SB Energy by the Adani Green Energy.

  • Dr.Reddy's Laboratories: Journey Medical Corporation has entered into a definitive agreement with the company to develop and commercialize DFD-29 for the treatment of Rosacea, according to a Bloomberg report. Journey Medical and Dr. Reddy’s will conduct two Phase 3 clinical trials to assess the efficacy, safety and tolerability or oral minocycline for regulatory approval.

  • Piramal Enterprises: Board to meet on July 5 to consider the issue of secured NCDs of up to Rs 50 crore along with an option to retain oversubscription up to Rs 585 crore, on private placement basis.

  • DCM Shriram Industries: Appointed Vineet Manaktala as the Director Finance and CFO with effect from July 1, for a period of three years. Manaktala will replace NK Jain who is set to retire.

Earnings Post Market Hours

Vodafone Idea Q4FY21 (Consolidated, QoQ)

  • Revenues down 11.8% at Rs 9,607.6 crore Vs Rs 10,894.1 crore (Bloomberg Estimate: Rs 10,040.5 crore)

  • Net loss at Rs 7,022.8 crore Vs Net loss of Rs 4,532.1 crore (Bloomberg Estimate: Rs 3,854 crore)

  • EBITDA up 2.9% at Rs Rs 4408.7 cr vs Rs 4286.2 cr (Est Rs 4302.6 cr)

  • EBITDA margins at 45.9% vs 39.3% (Est 42.9%)

Dish TV India Q4FY21 (Consolidated, QoQ)

  • Revenue down 8% at Rs 751.75 crore Vs Rs 815.67 crore

  • Net loss at Rs 1,408.65 crore Vs Net profit of Rs 90.69 crore

  • Ebitda down 15% at Rs 426.04 crore Vs Rs 503.94 crore

  • Ebitda margin at 56.7% Vs 61.8%

SpiceJet Q4FY21 (Consolidated, QoQ)

  • Revenue up 12% at Rs 1,888.1 crore Vs Rs 1,691.6 crore

  • Net loss at Rs 256.90 crore Vs Rs 66.70 crore

  • Ebitda loss at Rs 101.20 crore Vs Ebitda gain of Rs 184.5 crore

  • To seek shareholder nod to raise Rs 2,500 crore fresh capital

Pledge Share Details

  • Chambal Fertilisers & Chemicals: Promoter Zuari Global revoked pledge of 7.50 lakh shares on June 28.

  • Emami: Promoter Sneha Gardens revoked pledge of 4 lakh shares on June 28.

  • JSW Steel: Promoter JTPM Metal Traders revoked pledge of 13 lakh shares on June 28.

  • Kalpataru Power Transmission: Promoter KC Holdings revoked pledge of 22.50 lakh shares between June 29-30.

  • Max Financial Services: Promoter Max Ventures Investment Holdings revoked pledge of 27.74 lakh shares between June 28-29.

    As reported on June 30.

Bulk Deals

  • IIFL Finance: Abakkus Emerging Opportunities Fund – 1 bought 20 lakh shares (0.53%) at Rs 240 per share. Smallcap World Fund Inc bought 58.36 lakh shares (1.54%) at Rs 240 per share. CDC Group Plc sold 1.40 crore shares (3.70%) at Rs 240.64 per share.

  • Hexa Tradex: Promoter Siddeshwari Tradex bought 3.58 lakh shares (0.65%) at Rs 117.05 per share.

  • Sterling and Wilson Solar: BNP Paribas Arbitrage bought 11.61 lakh shares (0.72%) at Rs 261.96 per share.

  • Prozone Intu Properties: Promoter Deep Gupta Family Trust sold 8.50 lakh shares (0.56%) at Rs 33.95 per share.

  • Westlife Development: Promoter Anurag Jatia bought 11.67 lakh shares (0.75%) at Rs 499.09 per share. Promoter Makino Holdings sold 11.67 lakh shares (0.75%) at Rs 499.09 per share.

Insider Trades

  • Adani Ports and SEZ: Promoter Worldwide Emerging Market Holding bought 8.67 lakh shares on June 29.

  • Adani Green Energy: Promoter Infinite Trade and Investment bought 17.46 lakh shares on June 29.

  • Eris Lifesciences: Promoter Himanshu Shah sold 62,485 shares between June 28-30.

  • Gati: Promoter TCI Finance sold 80,000 shares between June 25-29.

  • Hexa Tradex: Promoter Siddeshwari Tradex bought 4.94 lakh shares on June 28.

  • KEI Industries: Promoter Anil Gupta sold 5.95 lakh shares between June 28-30.

  • Karda Constructions: Promoters (Laxman Karda and Prem Karda) sold 10 lakh shares between 28-29.

  • MRF: Promoter Soma Philips sold 1,282 shares between June 28-29.

  • Nirlon: Promoter Shitaltrading & Interirors sold 20,000 shares between June 28-29.

  • Orient Electric: Promoter Nirmala Birla sold 80,000 shares on June 29. Promoter Chandra Birla bought 80,000 shares on June 29.

  • Prozone Intu Properties: Promoter Akhil Chatuvedi Family Trust sold 87,410 shares between March 30 and June 28.

  • Rushil Décor: Promoter Ghanshyam Thakkar sold 6.99 lakh shares on June 29.

  • Thangamayil Jewellery: Promoters (B Rajeshkanna and BK Kishorelal) bought 2,045 shares on June 29.

Trading Tweaks

  • Ex-Date Dividend: Adani Enterprises, Dhunseri Tea & Industries, Smruthi Organics, Swaraj Engines, TTK Prestige, United Breweries, Vishnu Chemicals

  • Ex-Date Final Dividend: Apcotex Industries, Federal Bank, Larsen & Toubro Infotech, Minda Corporation, Petronet LNG, Power Finance Corporation, PTL Enterprises, Subex

  • Ex-Date Interim Dividend: MM Forgings

  • Ex-Date EGM: Marksans Pharma

  • Record Date Final Dividend: HDFC Life Insurance Company

  • Price Band Revised From 20% To 10%: Sadbhav Infrastructure Project

  • Move Out Of Short-Term ASM Framework: PG Electroplast

  • Move Into ASM Framework: Acrysil, The Andhra Sugars, Kingfa Science & Technology (India), Nagarjuna Fertilizers and Chemicals

  • Move Out Of ASM Framework: Orissa Minerals Development Company, Jaypee Infratech, Dewan Housing Finance Corporation

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