Stocks To Watch: Bharti Airtel, BPCL, CEAT, Dabur, GSK Pharma, HDFC, InterGlobe Aviation, RIL, TVS Motor

Here are the stocks to watch in trade today.

BQ Desk @bqprime

30 Jul 2020, 06:53 AM IST

People jog in Singapore. (Photographer: SeongJoon Cho/Bloomberg)

Asian stocks saw modest gains Thursday after a signal from the Federal Reserve that more stimulus will be provided pushed U.S. equities higher and weighed on the dollar. Shares climbed in Tokyo and Sydney with stocks in Seoul given an extra boost as earnings at Samsung Electronics Co. topped estimates.

Here are the stocks to watch in trade today:

Mindspace Business Parks REIT IPO subscribed 13 times on Day 3.Institutional subscription at 10.65 times. Retail subscription at 15.83 times. Institutional category doesn’t include anchor portion. Issue has been closed.
S&P Global Ratings. has placed 'BB-' long-term issuer credit rating of Glenmark Pharmaceuticals and it’s notes on Credit Watch with negative implication on growing refinancing risk.
Eicher Motors on Covid-19 impact: As of March 20, the company has successfully cleared all
existing inventory of BS-IV motorcycles across channels and dealerships. As on date more than 85% of dealers have begun operations. Demand for company’s motorcycle is expected to recover further in the forthcoming quarters of the financial year 2020-21.
Union Bank of India approved raising Rs 10,300 crore in capital for fiscal 2021.Board approved raising Rs 6,800 crore in equity capital and to raise AT-1 and or Tier-2 bonds not exceeding Rs 9,400 crore.
Government has extended last date for submission of expression of interest for BPCL divestment up to Sept. 30. Department of Investment and Public Asset Management had earlier extended the due date for expression of interest submission to July 31
ONGC has allotted NCDs worth Rs 500 crore on a private placement basis
Jindal Stainless has tied up with Maersk to optimise the flow of containerized exports and imports between Jaipur and Vizag Container Terminal .As per the terms of the contract, Maersk shall facilitate to and fro rail movement of containers between Vizag and Jindal Stainless Logistics Park ,a newly commissioned inland container depot located at Jajpur, Odisha.
Praj Industries and Automotive Research Association of India have entered into a memorandum of undertaking to jointly drive application development of advanced biofuels that will find usage in industry and transportation.
GMM Pfaudler has received approval to sign definitive documents with De Dietrich Process Systems India for the acquisition of their Glass Lined Equipment manufacturing facility in Hyderabad, Telangana.
NTPC to raise Rs 1,000 crore on July 31 through private placement of unsecured non-convertible bonds in the nature of debentures.
HDFC Life Insurance allotted NCDs worth Rs 600 crore on a private placement basis.
InterGlobe Aviation: CEO, Ronojoy Dutta said that he sees great deal of potential in the cargo business. Have converted 10 aircrafts into all cargo planes and to deploy 70% of the capacity in the third quarter of fiscal 2021. He also stated that company has been able to manage to reduce cash burn and plans to raise Rs 2,000 crore by sale, lease-back of assets. ICRA has has reaffirmed the company’s long-term rating at ICRA A+, with negative outlook and downgraded short term rating from ICRA A1+ to ICRA A1 due to the unprecedented disruptions caused by Covid-19 pandemic and its consequential impact on the global and domestic demand for air travel
REC to consider raising funds via NCDs on Aug. 7.
Future Consumer: Care Ratings downgraded long-term banking facilities worth Rs 375 crore to ‘CARE BB’ from ‘CARE A-‘. All rating continue to be on credit watch with developing implications due to weakening of the liquidity position of its key customer which is also the flagship entity of the Future Group.
Shankara Building Products on Covid-19 impact: Walkins in retail store have been reduced and home construction plans have been deferred. Enterprise segment has been impacted by end used demand. Channel segment continues to hold at lower threshold levels and processing business in operating at lower utilization levels. Overall revenue for first quarter of fiscal 21 would around 54-56% of last year’s level.
Sadhana Nitrochem: Board approved bonus issue of 1 share for every 2 existing equity shares held. Expected date of credit of bonus shares is Sept. 25.
Omaxe: Board approved enabling resolution for shareholders’ approval to undertake the fund raising activity of up to Rs 500 crore at the forthcoming annual general meeting of the company.
Hubtown: Statutory auditors have resigned as considering the present Covid-19 situation and delay in receipt of audit emoluments resulting in undue pressure on deploying necessary resources for completing the assignment.

Nifty Earnings

Bharti Airtel Q1FY21 (Consolidated, QoQ)

Revenue up 1% at Rs 23,938.7 crore (Est Rs 23,776 cr)
Net loss at Rs 15,933.1 cr versus Net loss at Rs 5237 crore (Est Net loss at Rs 138 crore)
Ebidta up 2% at Rs 10,407.9 crore (Est Rs 10319 crore)
Margins at 43.5% versus 43% (Est 43.4%)
ARPU at Rs 157 versus Rs 154 (Est Rs 147)
In line set of numbers with estimates, net profit dragged by exceptional loss
Group has recorded an incremental provision of Rs 10,744.4 crore for AGR dues recorded as exceptional loss

Other Earnings

InterGlobe Aviation Q1 (Standalone,YoY)

Revenue down 91.9% at Rs 766.7 crore (Est Rs 739 crore)
Net loss at Rs 2,844.3 cr versus Net profit at Rs 1,203.1 crore (Est Net loss at Rs 2,193cr)
Ebitdar loss at Rs 1,537.7 crore versus Ebidtar profit at Rs 2,656.5 crore
Reported biggest loss since listing on weak demand and suspension of flight operations due to Covid-19

GMM Pfaudler Q1 (Consolidated,YoY)

Revenue up 2.73% at Rs 154.4 crore
Net profit up 8.47% at Rs 19.2 crore
Ebitda down 1.08% at Rs 27.3 crore
Margins at 17.7% versus 18.4%

Navin Fluorine Q1 (Consolidated, YoY)

Revenue down 14.6% at Rs 214.9 crore (Est Rs 229 crore)
Net profit up 29.9% at Rs 56 crore (Est Rs 37 crore)
Ebitda down 12% at Rs 53.7 crore (Est Rs 56 crore)
Margins at 25% versus 24.3% (Est 24.5%)
Other income of Rs 36 crore due to interest on refund of income tax, impacts bottom line numbers
Margins improve due to lower expenses and raw material costs

TVS Motor Q1 (Standalone,YoY)

Revenue down 68% at Rs 1431.7 crore
Net loss at Rs 139.1 crore versus Net profit at Rs 142.3 crore
Ebitda loss at Rs 48.8 crore versus Ebidta gain at Rs 356 crore

Ceat Q1 (Consolidated,YoY)

Revenue down 36.1% at Rs 1,120.2 crore (Est Rs 930 crore)
Net loss at Rs 34.8 crore versus Net profit at Rs 82.6 crore (Est Net loss at Rs 30 crore)
Ebitda down 39% at Rs 102 crore (Est Rs 57.7 crore)
Margins at 9.11% versus 9.54% (Est 6.2%)
Exceptional loss of Rs 21.8 crore due to VRS payments and Covid-19 related expenses

GSK Pharma Q1 (Consolidated,YoY)

Revenue down 17.7% at Rs 648.6 crore
Net profit down 2.38% at Rs 110.8 crore
Ebitda down 31% at Rs 114.1 crore
Margins at 17.6% versus 21%
Other income of Rs 42.7 crore due to refund of income tax impacts bottomline numbers

Phoenix Mills Q1 (Consolidated,YoY)

Revenue down 78.1% at Rs 134.7 crore (Est Rs 179 crore)
Net loss at Rs 42.4 crore versus Rs 130.4 crore (Est Net loss at Rs 27 crore)
Ebidta down 76% at Rs 70.2 crore (Est Rs 76.5 crore)
Margins at 52.1% versus 47.6% (Est 42.7%)
Margins improve due to lower electricity expenses and employee costs
No revenue recorded for the residential segment

Earnings Today

HDFC
Reliance
Laurus Labs
IFB Industries
Dabur
A2Z Infra Engineering
Ajanta Pharma
Cholamandalam Investment and Finance
Deep Industries
Dhampur Sugar Mills
Essel Propack
Fairchem Speciality
Jain Irrigation Systems
GE Shipping
ITDC
JM Financial
Kalyani Forge
Karur Vysya Bank
Kirloskar Oil Engines
Kridhan Infra
Linde India
LT Foods
Mahindra Logistics
Max Financial Services
National Fertilizers
Piramal Enterprises
Poly Medicure
Rain Industries
Reliance Infrastructure
Reliance Power
Shree Digvijay Cement
SRF
Sundaram Clayton
Surya Roshni
Tata Steel Bsl
TCPL Packaging
Torrent Pharmaceuticals
Vaibhav Global
Aegis Logistics
Indian Overseas Bank
Gateway Distriparks
Hester Biosciences
Welspun Enterprises
Sequent Scientific
Lakshmi Vilas Bank

Pledged Share Details

Laurus Labs promoter Satyanarayana Chava released pledge of 25 lakh shares on July 28
GTPL Hathway promoter Anirudhsinh Jadeja released pledge of 5.62 lakh shares on July 22

(As Reported On July 29)

Bulk Deals

Deepak Nitrite: State Street Global Advisors Asia acquired 9.25 lakh shares (0.68%) at Rs 632.36 per share.
Kilpest: Seven Canyons World Innovators Fund acquired 1.7 lakh shares (2.26%) at Rs 360 per share

Who’s Meeting Whom

Supreme Industries to meet Genesis, SBI MF and other investors from July 30-31

Trading Tweaks

AGM Date: Hero MotoCorp, Dr Reddy’s Labs, HDFC, GE Shipping, Gabriel Industries, Balaji Amines, UCO Bank, Thirumalai Chemicals, Raymond, Orient Electric, Cosmo Films, Dr Lal Pathlabs, Mahindra Logistics, Motilal Oswal Financial Services, Piramal Enterprises, Shankara Building Products, Philip Carbon Black
Fund Raising: InterGlobe Aviation
Price Band Revised From 10% To 5%: Yes Bank, Tarmat
Move Into ASM Framework: PSL
Move Out Of Short-Term ASM Framework: BF Utilities, Gujarat Fluorochemicals, Gulshan Polyols

Insider Trades

Welspun India promoter Balkrishna Goenka acquired 16.5 lakh shares on July 29
Mindtree promoter Subroto Bagchi sold 4.62 lakh shares from July 27-28