Stocks To Watch: Bajaj Auto, HUL, ONGC, Titan, Affle (India), Hathway Cable
India stocks rose for a third consecutive day as global support continued to pour in to boost efforts to curb the spread of new coronavirus cases and speed up vaccination. The S&P BSE Sensex rose 1.61% to 49,733.84 while the NSE Nifty 50 Index gained 1.44% to 14,864.55. Both the benchmarks gained the most since March 30.
Here are the stocks to watch in trade today:
- Adani Enterprises: Board to meet on May 5 to consider renewing enabling limit for raising funds by issue of equity shares, convertible bonds through QIP, GDR, ADR, FCCBs, FCEBs, convertible securities.
- Affle (India): Board has approved the opening of QIP of equity shares of face value of Rs 10 each from April 28. The floor price for the issue is Rs 5,422.94 per equity share. Further a meeting of Fund Raising Committee will be held on or after May 4 to consider and approve the issue price.
- Dishman Carbogen Amcis: The company’s wholly owned subsidiary, Carbogen Amcis AG., Switzerland has entered into a co-investment agreement of more than CHF 15 million with a Japan based key client to build a site extension at its Bubendorf site in Switzerland.
- Indiamart Intermesh: The company through its wholly owned subsidiary, Tradezeal Online, will acquire 26% of the share capital of Shipway Technology, and 3.02% of the share capital of Truckhall in addition to 22% of the share capital already held by it. The wholly owned subsidiary will acquire 100 shares and 4,088 Compulsorily Convertible Preference Shares of Shipway Technology at Rs 18.20 crore and will purchase 1,779 shares of Truckhall for Rs 1.33 crore.
- ONGC: Intends to invite foreign companies as strategic partners to explore new areas, and develop discovered fields in India. The company is aggressively pursuing deepwater, shallow water projects in east and west coast, despite uneconomical gas prices. It plans to acquire much larger acreage through new auction rounds. ONGC has formed separate gas vertical to increase activities in gas sector and is also augmenting its renewable portfolio. The company wants to concentrate on areas where the expected risk-reward payoff offers better business opportunities for growth. Further the ONGC Videsh consortium has put LNG project in Mozambique on hold due to force majeure.
- RattanIndia: To invest Rs 150 crore in electric vehicle maker Revolt Intellicorp. The company has acquired 33.3% stake in Revolt and will see its stake increasing to 43% after conversion of warrants. Revolt, which makes electric motorcycles, will deploy the capital to expand the distributor and service network across 35 cities in India. As part of the deal, RattanIndia will have 50% board presence in Revolt Intellicorp; its Chairman Rajiv Rattan will be the chairman of the board of Revolt. The deal is likely to be completed in 18 months.
- Nifty Earnings: Bajaj Auto, Hindustan Unilever, Titan Company
- Non-Nifty Earnings: Ambuja Cements, Zensar Technologies, AAVAS Financiers, Aptech, Agro Tech Foods, AU Small Finance Bank, Bajaj Holdings & Investment, Cigniti Technologies, Coromandel International, Dalmia Bharat, Embassy Office Parks REIT, Equitas Small Finance Bank, Exide Industries, Indiamart Intermesh, Inox Leisure, Kirloskar Pneumatic Co, L&T Finance Holdings, Laurus Labs, Mahindra CIE Automotive, Mahindra Logistics, Motilal Oswal Financial Services, Persistent Systems, Rain Industries, Shriram Transport Finance Co, Sterlite Technologies, Tata Coffee
Earnings Post Market Hours
Tata Communications Q4FY21 (Consolidated, YoY)
- Revenue down 7% Rs 4,073.25 crore Vs Rs 4,397.89 crore
- Net profit at Rs 299.23 crore Vs Net loss of Rs 274.99 crore
- Ebitda up 17% at Rs 1,015.19 crore Vs Rs 868.84 crore
- Ebitda margins at 24.9% Vs 19.8%
- Recommended a dividend of Rs 14 per share for FY21
Hathway Cable & Datacom (Consolidated, YoY)
- Net profit up 47% at Rs 72.14 crore Vs Rs 49.08 crore
- Revenue down 4% to Rs 438.71 crore Vs Rs 455.68 crore
- Ebitda down 6% at Rs 113.52 crore Vs Rs 120.33 crore
- Ebitda margins at 25.9% vs 26.4%
GHCL Q4FY21 (Consolidated, YoY)
- Revenue up 10% at Rs 826.33 crore Vs Rs 750.07 crore
- Net profit up 31% at Rs 111.14 crore Vs Rs 84.86 crore
- Ebitda up 25% at Rs 194.85 crore Vs Rs 155.96 crore
- Ebitda margins at 23.6% Vs 20.8%
- Recommended dividend of Rs 5.50 per share for FY21
Pledge Share Details
- Max Financial Services: Promoter Max Ventures Investment Holdings revoked pledge of 51,250 shares on April 22.
As reported on April 28.
- EPL: Smallcap World Fund Inc sold 31.36 lakh shares (0.99%) at Rs 221.51 per share and sold another 31 lakh shares (0.98%) at Rs 221.50 per share.
- Heritage Foods: Unifi Capital sold 4.33 lakh shares (0.93%) at Rs 367.48 per share.
- Ex-Date Final Dividend And Interim Dividend: Nestle India
- Ex-Date Interim Dividend And Special Dividend: HCL Technologies
- Ex-Date Interim Dividend: Angel Broking
- Price Band Revised From 20% To 10%: Hikal
- Move Into ASM Framework: Balaji Amines, Arvind
- Move Into Short-Term ASM Framework: Macrotech Developers, Panacea Biotec, Lemon Tree Hotels, Everest Kanto Cylinder, Jay Bharat Maruti, Oriental Aromatics
- Move Out Of Short-Term ASM Framework: Tamilnadu PetroProducts, 5Paisa Capital