Stocks To Watch: Bajaj Consumer Care, Cipla, IRB Infra, LIC Housing, Oil India, PNB, RIL, Tata Motors, Thermax

Asian stocks traded mixed early Friday trading after a muted session on Wall Street saw shares end little changed. The dollar held its overnight gain. Early gains in Japan gave way to a modest decline, with volumes down about a third. South Korean shares also retreated, while Australia saw gains.

Here are the stocks to watch in trade today:

• Reliance Industries: Saudi Arabia’s The Public Investment Fund to invest Rs 11,370 crore in Jio Platforms. Saudi sovereign wealth fund PIF to get 2.32% stake in Jio Platforms. With this investment, Jio Platforms has raised Rs 115,693.95 crore from leading global investors including Facebook, Silver Lake, Vista Equity Partners, General Atlantic, KKR, Mubadala, ADIA,TPG and L Catterton.
• Pharma Stocks: DGFT has removed prohibition on export of hydroxychoroquine API and its formulations.
• Cipla and Roche Pharma entered into an agreement to provide better access to innovative medicines for patients in India. Cipla will be responsible for marketing and distribution of Roche Pharma’s trademark oncology drugs,Trastuzumab (Herclon), Bevacizumab (Avastin) and Rituximab (Ristova).Roche and Cipla had previously entered into a similar agreement in February 2018 for promotion and distribution of Tocilizumab (Actemra) and other products.
• Tata Motors' long-term rating downgraded by Moody's to B1 from Ba3. The outlook on all ratings has been changed to negative from ratings under review. The downgrade reflects the sustained deterioration in the company’s credit profile and expectation that it will take longer than previously expected for the company's credit metrics to return to levels appropriate for a Ba3.
• IRB Infra Developers has achieved financial closure for its toll-operate-transfer project – Mumbai Pune Expressway. Company made the payment of first tranche of Rs. 6,500 crore as upfront sub-concession fee to the Maharashtra State Road Development Corporation, out of total consideration of Rs 8,262 crore. Company had won the concession again in February for the next ten years.
• Adani Green Energy: S&P Global Ratings placed its preliminary 'BBB-' long-term issue rating on the company’s RG2's senior secured notes on Credit Watch with negative implications. RG2 consists of three operating entities, namely Wardha Solar (Maharashtra), Kodangal Solar Park and Adani .Renewable Energy. The CreditWatch placement reflects expectations that lower power prices, a weakening in SECI's credit profile, hedging renewal risks could pressure the debt service coverage ratio.
• Emami has expanded its personal hygiene segment with launch of toilet soap bars and hand washes.
• Bajaj Consumer Care: Board approved appointment of current CEO Jaideep Nandi as the managing director with effect from July 1, for a period of five years.
• Gujarat State Fertilizer to discontinue manufacturing operations of fibre and polymers unit at Vadodara. Company is evaluating various options to utilize existing land and infrastructure facilities available there at including development of logistic park or suitable project for which a consultant is being appointed.
• Thermax: Board has extended the term of MS Unnikrishnan as MD and CEO till August 31. Ashish Bhandhari will be the new MD & CEO from September 1. The company's international facilities continued operations, albeit at a scaled down pace during India’s lockdown. Chemical facilities, classified as essential services, resumed production in early April, followed by the progressive reopening of all the other facilities by the end of May.
• Kaya on Covid-19 impact: The business has resumed in May in UAE, the clinics in Saudi & Oman resumed operations by mid-May. In India, operations resumed for 12 clinics in Bangalore & Hyderabad on June 1. Company expects to scale up operations to 50 clinics by June 18. Expect all clinics to be operational by end of July. Expect clinic revenues to be at 50% levels for the second and third quarter of fiscal 2021. In last 2 months, the company’s operating cash flow was negative due to minimal sales during the period of lockdown. Kaya Middle East is likely to recover from Covid-19 impact faster due to better health care facilities in the Gulf cooperation Council.
• Varroc Engineering to consider raising capital via issue of NCDs on June 25.

Other Earnings

Bajaj Consumer Care Q4 (Standalone,YoY)

• Revenue down 28.6% at Rs 175.4 crore (Est Rs 217 crore)
• Net profit down 59.6% at Rs 24.5 crore (Est Rs 49.6 crore)
• Ebidta down 69.6% at Rs 23.6 crore (Est Rs 58.6 crore)
• Margins at 13.5% versus 31.6% (Est 27%)
• Margins impacted due to lower sales and higher other expenses
• Inventory gain of Rs 14.5 crore in current quarter
• Rs 63 crore worth of sales impacted by Covid-19
• General trade segment revenue down 29.2% at Rs 144.4 crore
• Modern trade segment revenue down 12% at Rs 16.1 crore

Brigade Enterprises Q4 (Consolidated,YoY)

• Revenue down 16.3% at Rs 635.9 crore (Est Rs 732 crore)
• Net profit down 95.5% at Rs 2.7 crore (Est Rs 43.4 crore)
• Ebidta down 37.3% at Rs 135.1 crore (Est Rs 193 crore)
• Margins at 21.2% versus 28.3% (Est Rs 26.4%)
• Average realization up 14% at Rs 6,176 per square feet
• Total sales value up 25% at Rs 651 crore
• Residential segment sales up 21% at Rs 563.4 crore
• Commercial segment sales up 57% at Rs 87.8 crore
• Residential segment sale volume up 9% at 944,000 square feet
• Commercial segment sale volume up 16% at 110,000 square feet
• Margins impacted due to higher sub-contractor costs, land purchase and other expenses.
• Increase in inventory of Rs 313.1 crore in current quarter
• Deferred tax reversal of Rs 14.7 crore

Thermax Q4 (Consolidated,YoY)

• Revenue down 36.2% at Rs 1,323 crore (Est Rs 1,594 crore)
• Net profit down 69.3% at Rs 39 crore (Est Rs 95 crore)
• Ebidta down 63.2% at Rs 62.8 crore (Est Rs 109 crore)
• Margins at 4.75% vs 8.24% (Est 6.8%)
• FY 20 order booking down 2.4% at Rs 5,498 crore
• Energy segment revenue down 39% at Rs 1,051.2 crore
• Environment segment revenue down 26% at Rs 199.1 crore
• Chemical segment revenue down 6% at Rs 96.3 crore

IRB Infra Developers Q4 (Consolidated,YoY)

• Revenue down 18.7% at Rs 1584.5 crore (Est Rs 1,646 crore)
• Net profit down 25.8% at Rs 154.3 crore (Est Rs 114 crore)
• Ebidta down 13.8% at Rs 655 crore (Est Rs 632 crore)
• Margins at 41.3% versus 39% (Est 38.4%)
• Exceptional gain of Rs 57.4 crore in current quarter
• BOT projects revenue down 34% at Rs 354.5 crore
• Construction segment revenue down 13% at Rs 1,227.1 crore
• *Numbers include 1 month of tolling, operation and maintenance of the newly bagged Mumbai-Pune Expressway concession; and exclude 1 month of contribution from 9 assets transferred to IRB Private INVIT

CARE Ratings Q4 (Consolidated,YoY)

• Revenue down 26.2% at Rs 66 crore
• Net profit down 58% at Rs 15.3 crore
• Ebidta down 69% at Rs 15.2 crore
• Margins at 23% versus 54.9%
• Other expenses doubled to Rs 23.1 crore in current quarter
• Provision of Rs 7 crore on account of trade receivables impacted by Covid-19

MOIL Q4 (Consolidated,YoY)

• Revenue down 43% at Rs 248.7 crore
• Net profit down 90.3% at Rs 13.5 crore
• Ebidta down 96% at Rs 6.5 crore
• Margins at 2.61% versus 37.2%

Earnings Today

• LIC Housing Finance
• Century Plyboards
• Astron Paper & Board Mill
• Bajaj Electricals
• Novartis
• Cadila Healthcare
• ENIL
• Greenlam Industries
• Camlin Fine Sciences
• Zuari Agro Chemicals
• Unichem Laboratories
• Ramco Cements
• Ramco Systems
• Ramco Industries
• Rane Engine Valve
• PTC India
• Oil India
• Nitin Spinners
• Nelcast
• Kirloskar Oil Engines
• Diamines & Chemicals
• DFM Foods
• Dalmia Bharat Sugar and Industries
• Punjab National Bank
• Madras Fertilizers

Bulk Deals

• HIL: Abakkus Emerging Opportunities Fund acquired 1.3 lakh shares (1.74%) at Rs 1,045.1 per share
• Apollo Pipes: Promoter Meenakshi Gupta acquired 1 lakh shares (0.76%) at Rs 325 per share
• Orient Bell: Equity Intelligence acquired 79,435 shares (0.56%) at Rs 77.83 per share
• Waterbase: Promoter KCT Management Services acquired 2.27 lakh shares (0.55%) at Rs 103.72 per share

Pledged Share Details

• Uflex promoter Anshika Consultants released pledge of 2 lakh shares on June 15
• JSW Steel promoter JTPL Metal Traders created pledge of 40 lakh shares on June 15
• JSPL promoters revoked pledge of 11.8 lakh shares from June 12-17
• Laurus Labs promoters revoked pledge of 46.5 lakh shares on June 17
• Adani Ports & SEZ promoter SB Adani Family Trust revoked pledge of 2.07 crore shares on June 17
• Adani Ports Transmission promoter SB Adani Family Trust revoked pledge of 12 lakh shares on June 17

(As Reported On June 18)

Trading Tweaks

• Price Band Revised From 10% To 5%: Globus Spirits, Ind-Swift Laboratories, Intellect Design Arena.
• Price Band Revised From 20% To 10%: Nectar Lifesciences, PTC India Financial Services, Sanghi Industries.
• Move Into ASM Framework: Network18 Media & Investments, Jaiprakash Power Ventures, Zuari Global, Zuari Agro Chemicals, Lasa Supergenics, HT Media
• Move Into Short-Term ASM Framework: Visaka Industries, Jubilant Life Sciences, Jindal Worldwide, Intellect Design Arena, Tata Teleservices (Maharashtra).
• Move Out Of Short-Term ASM Framework: Shree Renuka Sugars, SpiceJet, Aavas Financiers, Capacit'e Infraprojects, Sundaram Brake Linings ,Apex Frozen Foods, SMS Pharmaceuticals

Insider Trades

• JSW Steel promoter JTPL Metal Traders acquired 22 lakh shares from June 15-16
• Supreme Industries promoter acquired 13.8 lakh shares on June 17
• Aarti Industries promoter Bhavesh Mehta sold 1.05 lakh shares on June 15
• Jindal Stainless promoter JSL acquired 57,500 shares on June 17
• Tourism Finance Corporation of India promoter Koppara Thomas acquired 4 lakh shares from June 16-18
• IndusInd Bank promoter IndusInd International Holdings acquired 2 lakh shares from June 16-17

(As Reported On June 18)

F&O Cues

• Nifty June futures closed at 10075, discount of 16 points versus discount of 25 points
• Nifty June futures open interest up 6.7%, adds 6.3 lakh shares in open interest
• Nifty Bank June futures closed at 20893, discount of 62 points discount of 42 points
• Nifty Bank June futures open interest up 20.3%, adds 3.6 lakh shares in open interest
• India VIX down 5.7% at 31.4

Options

• Nifty PCR at 1.59 versus1.23 (across all series)

Nifty Monthly Expiry: June 25

• Max open interest on call side at 10500 (26.5 lakh shares)
• Max open interest on put side at 9000 (44.4 lakh shares)
• Active options: 9800 Put (+10.5 lakh shares), 10400 Call (+4.6 lakh shares)

Securities In Ban:

• In Ban: Adani Enterprises, BHEL, Escorts, Idea, JSPL, Just Dial, PNB, SAIL
• New In Ban: BHEL, PNB, SAIL