Stocks To Watch: Bharti Airtel, Future Group, Hero MotoCorp, NTPC, PVR, SBI
A pedestrian walks along Broad Street near the New York Stock Exchange (NYSE) in New York, U.S. (Photographer: Michael Nagle/Bloomberg)  

Stocks To Watch: Bharti Airtel, Future Group, Hero MotoCorp, NTPC, PVR, SBI

Indian equities ended higher for the third straight day but witnessed some pressure at higher levels. Benchmarks continued their best rally in 10 months. The S&P BSE Sensex ended 0.9% higher at 50,255 while the NSE Nifty 50 index ended 1% higher at 14,789. The Sensex closed 270 points while the Nifty fell 80 points from their respective day's high.

Here are the stocks to watch in trade today:

  • Bharti Airtel: Approved raising of funds by issuance of secured/unsecured, listed/unlisted non-convertible debt securities including debentures, bonds etc. upto Rs 7,500 crore in one or more tranches from time to time.
  • PSP Projects: Has received Letter of Intent for a project worth Rs 588.62 crore from a private developer at Ahmedabad, Gujarat. Further the company has been ranked the L1 bidder by a regulatory authority for projects totalling to Rs 1,249.41 crore for construction of medical colleges at multiple locations at Uttar Pradesh.
  • NLC India: Has issued 17,000 Commercial Papers of face value of Rs 5 lakh each, aggregating to Rs 850 crore.
  • Hero MotoCorp: Sets up dedicated vertical for Harley-Davidson products and merchandise distribution in India. Ravi Avalur appointed as the business unit head of the new vertical. Also commenced wholesale dispatches of Harley products to dealers from January 18. The company has on-boarded 11 existing Harley-Davidson dealers in key geographies.
  • Minda Corporation: Declared an interim dividend of Rs 0.30 per share on 239,079,428 equity shares of Rs 2 each. The board has fixed February 16, 2021, as the Record Date for the purpose of ascertaining the eligibility of shareholders for the payment of interim dividend.
  • P&G Hygiene and Health Care: Has declared an interim dividend of Rs 85 per share. The record date for the purpose of eligibility for payment of said interim dividend is February 11, 2021.
  • Future Enterprises: Filed an appeal before Delhi High Court against the impugned order dated February 2, 2021 passed by Ld. Single Judge in OMP. Delhi High Court had ordered status quo until the order on interim relief sought by Amazon is pronounced. Amazon had sought enforcement of the Emergency Arbitrator's order which had put on hold the transaction between Future Retail and Reliance Retail. Meanwhile, the SEBI restrained Future Group founder Kishore Biyani, Future Corporate Resources Pvt. Ltd. from accessing the securities market for one year and dealing in Future Retail’s shares for two years.
  • HCL Technologies: Has announced global strategic alliance with Alteryx to accelerate analytics automation and digital transformation for Global 2000 enterprises
  • Nifty Earnings: Hero MotoCorp, NTPC, SBI
  • Non-Nifty Earnings: Adani Power, Adani Transmission, Arvind, Avanti Feeds, Bajaj Electricals, Brigade Enterprises, Caplin Point Laboratories, Chambal Fertilisers & Chemicals, Container Corporation Of India, Dalmia Bharat, Prataap Snacks, Dollar Industries, FDC, Gillette India, Gujarat Narmada Valley Fertilizers & Chemicals, Godfrey Phillips India, Godrej Agrovet, Godrej Properties, Hindustan Petroleum Corporation, Honeywell Automation India, ICRA, Indostar Capital Finance, Ipca Laboratories, Jindal Stainless, Kalpataru Power Transmission, Mangalore Chemicals & Fertilizers, Mangalore Chemicals & Fertilizers, Minda Industries, Munjal Showa, Praj Industries, REC, Somany Ceramics, Sonata Software, Strides Pharma Science, Sundram Fasteners,  Tata Power, Trent, TTK Healthcare, Whirlpool Of India, Zee Entertainment Enterprises.

Nifty Earning

Bharti Airtel (Consolidated, QoQ)

  • Revenues up 5.8% at Rs 26518 crore vs Rs 25060.4 crore (Bloomberg Estimate: Rs 26063 crore)
  • Net profit at Rs 853.6 crore vs Net loss of Rs 763.2 crore (Bloomberg Estimate: Net Loss Rs 5 crore)
  • EBITDA up 4.6% at Rs 12178 crore vs Rs 11642 crore (Bloomberg Estimate: Rs 11827 crore)
  • EBITDA margins at 45.2% vs 45.15% (Est 45.4%)
  • ARPU at Rs 166 versus Rs 162

Earnings Post Market Hours

Apollo Tyres Q3FY21 (Consolidated, YoY)

  • Revenue up 17% at Rs 5153.8 crore vs Rs 4399.7 crore
  • Ebitda up 85% at Rs 989.2 crore vs Rs 533.4 crore
  • Ebitda Margins at 19.2% vs 12.1%
  • Net profit up 155% at Rs 443.8 crore vs Rs 173.8 crore
  • APMEA revenue up 23% at Rs 3,449.4 crore Vs Rs 2,811.4 crore
  • Europe revenue up 7% at Rs 1,747 crore Vs Rs 1,625.7 crore.

City Union Bank Q3FY21 (Standalone, YoY)

  • NII down 1% at Rs 489.05 crore vs Rs 427.27 crore
  • Net Profit down 12% at Rs 169.93 crore vs Rs 192.43 crore
  • GNPA at 2.94% vs 3.44%
  • NNPA at 1.47% vs 1.81%

Ujjivan Small Finance Bank (Standalone, YoY)

  • NII up 1% at Rs 432.28 crore vs Rs 426.53 crore
  • Net Loss of Rs 278.83 crore vs Net Profit of Rs 89.66
  • GNPA at 1% vs 0.98% QoQ
  • NNPA at 0.05% vs 0.14% QoQ
  • Pro-forma GNPA & NNPA would have been 4.8% & 2.05% respectively.
  • Gross advances at Rs 13,638 crore
  • Disbursements up 8% at Rs 2,184 crore
  • Capital adequacy ratio at 27% with Tier-1 capital at 26%
  • Liquidity coverage ratio at 179%
  • CASA stands at 18% vs 12%
  • Have restructured Rs 852 crore of portfolio in MicroBanking basis extensive discussion with borrowers, analysis of repayment behaviour and current cash-flows.

VIP Industries Q3FY21 (Consolidated, YoY)

  • Revenue down 46% at Rs 232.61 crore vs Rs 430.57 crore
  • Ebitda down 88% at Rs 8.14 crore vs Rs 68.63 crore
  • Ebitda Margins at 3.5% vs 15.9%
  • Net Loss of Rs 7 crore vs Net profit of 34.21 crore

Prince Pipes Q3FY21 (Standalone, YoY)

  • Revenue up 39% at Rs 549 crore vs Rs 395 crore
  • Ebitda up 96% at Rs 102.9 crore vs Rs 52.4
  • Ebitda Margins at 18.7% vs 13.3%
  • Net profit up 176% at Rs 66.7 crore vs Rs 24.2 crore
  • Sales volume increased by 18% at 36,711 MT
  • Company is net cash positive: Rs 37 crore excluding IPO proceeds

Indian Hotels Q3FY21 (Consolidated, YoY)

  • Revenue down 59% at Rs 559.9 crore Vs Rs 1,372.7 crore
  • Net loss of Rs 133.2 crore Vs net profit of Rs 213.1 crore
  • Ebitda loss of Rs 16.8 crore from Ebitda gain of Rs 425.6 crore
  • Signed six new hotels with over 1100 rooms across brands at multiple locations

Inox Leisure Q3FY21 (Standalone, YoY)

  • Revenue down 97% at Rs 14.9 crore Vs Rs 513 crore
  • Net loss of Rs 102.5 crore Vs Rs 35 crore
  • Ebitda loss of Rs 10.5 crore Vs Ebitda gain of Rs 169 crore
  • Recognised rent concessions worth Rs 54.07 crore during the quarter
  • With an assured and an extremely rich pipeline with movies in all genres and languages, the Company has pinned hopes on the FY22, calling it the Year Of Cinema Entertainment.
  • The Company has also resumed its new screen addition on a rigorous note with opening of 4 new cinemas with 15 screens in Gurugram (2), Salem and Thane.
  • The Company hopes to add another 14 screens before the end of FY21 or during Q1 FY22.

Minda Corp Q3FY21 (Standalone, YoY)

  • Revenue up 36% at Rs 716.4 crore Vs Rs 526.4 crore
  • Net profit up 11% at Rs 49.5 crore Vs Rs 44.6 crore
  • Ebitda up 13% at Rs 81.9 crore Vs Rs 72.5 crore
  • Ebitda margin at 11.1% Vs 13.3%
  • Revenue growth aided by 55% growth in aftermarket division and exports also increased 25%
  • Content increase in two-wheeler wire harnessing due to BS-VI transition also helped
  • Highest ever quarterly profit
  • Secured orders worth Rs 1,649 crore during the quarter
  • Export orders worth Rs 224.1 crore were won during the quarter

Astral Poly Technik Q3FY21 (Consolidated, YoY)

  • Revenue up 35% at Rs 897.5 crore Vs Rs 664.1 crore (BBG Estimate: Rs 838.2 crore)
  • Net profit up 82% at Rs 123.9 crore Vs Rs 67.9 crore (BBG Estimate: Rs 95 crore)
  • Ebitda up 62% at Rs 192 crore Vs Rs 118.2 crore (BBG Estimate: Rs 150.8 crore)
  • Ebitda margin at 21.4% Vs 17.8%
  • Plastic business revenue up 33% at Rs 672.7 crore Vs Rs 505.7 crore
  • Adhesives business revenue up 42% at Rs 224.8 crore Vs Rs 158.4 crore

Pledge Share Details

  • Max Financial Services: Promoter Max Ventures Investment Holdings created pledge of 52.88 lakh shares between January 28-29.
  • Emami: Promoters (Diwakar Viniyog and TMT Viniyogan) revoked pledge of 30 lakh shares on February 1. Promoter Suntrack Commerce created a pledge of 92,000 shares on February 2.
  • JSW Energy: Promoter Virtuous Tradecorp revoked pledge of 94 lakh shares on February 1.
  • Sun Pharmaceutical Industries: Promoter Shanghvi Finance revoked pledge of 2,000 shares on January 29. As Reported On February 3.

Bulk Deals

  • Butterfly Gandhimathi Appliances: Navodya Enterprises bought 1 lakh shares (0.56%) at Rs 583.76 per share.
  • PVR: Societe Generale - ODI bought 10 lakh shares (1.81%) at Rs 1,520 per share. Berry Creek Investment sold 9.60 lakh shares (1.74%) at Rs 1,520.09 per share. Gray Birch Investment sold 9.72 lakh shares (1.76%) at Rs 1,520 per share.
  • Religare Enterprises: Singularity Holdings bought 20.50 lakh shares (0.79%) at Rs 65.98 per share and sold 3 lakh shares at Rs 66.07 per share.
  • Neuland Laboratories: Rohinton Soli Screwvala sold 86,170 shares (0.67%) at Rs 1,480.6 per share.

Who’s Meeting Whom

  • Indian Energy Exchange: To meet Fidelity Management Research on February 4.

Trading Tweaks

  • Price Band Revised From 20% To 10%: Shriram City Union Finance
  • Ex-Date Interim Dividend: IIFL Finance, Emami, Vaibhav Global, Sundaram Clayton, TVS Motor Company, Steel Authority of India, Godawari Power And Ispat, Exide Industries, AK Capital Services, Exide Industries,
  • Record Date Interim Dividend: Wendt (India), Kewal Kiran Clothing, Menon Bearings, Bella Casa Fashion & Retail
  • Ex-Date Demerger: Jubilant Life Sciences
  • Record Date Bonus Issue: KNR Constructions
  • Ex-Date Buyback: Neelamalai Agro Industries
  • Move Into ASM Framework: Anant Raj, Tata Motors, Hindustan Foods
  • Move Into Short-term ASM Framework: IIFL Finance, MPS
  • Move Out Of Short-term ASM Framework: Gateway Distriparks, Anant Raj, Tata Motors

Insider Trade

  • Kotak Mahindra Bank: Promoter Janak Desai sold 4,500 shares on February 2. As Reported On February 3.
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