Stocks To Watch: Coal India, SBI Cards, Adani Transmission, Power Grid, Tube Investments, J&K Bank

Employees walk past electronic ticker boards that indicate the latest stock figures inside the atrium at the National Stock Exchange in Mumbai (Photographer: Dhiraj Singh/Bloomberg)

Stocks To Watch: Coal India, SBI Cards, Adani Transmission, Power Grid, Tube Investments, J&K Bank

India’s equity benchmarks fell for a second day as investors weighed the impact of the U.S. Federal Reserve’s plan to speed up its expected pace of policy tightening on inflows into local stocks. The S&P BSE Sensex fell 0.3% to 52,323.33, while the NSE Nifty 50 Index declined 0.5% to 15,691.40.

Here are the stocks to watch in trade today:

  • Coal India: Considering a price increase amid rising costs and increasing capital expenses, said Chairman Pramod Agrawal during an analyst call. The company has planned Rs 170 billion capex for fiscal year that started April versus about Rs 130 billion in the prior year. May cut its shipment target of 740 million tons and production goal of 670 MT set for FY22. Net staff count reducing 13,000-14,000 every year and it’s likely to fall at a faster rate in the coming years, Agrawal said.

  • SBI Cards and Payment Services: Shareholder CA Rover Holdings is offering up to 48 million shares at a price range of Rs 1,002 to Rs 1,041.30 in an accelerated bookbuild, according to terms seen by Bloomberg. The price range is at a discount of 1% to 4.7% to Thursday’s closing.

  • Adani Transmission: Incorporated a wholly-owned subsidiary called ATL HVDC for transmission, distribution and supply of power and other infrastructure services.

  • Gati: Approved allotment of 10.23 lakh equity shares on preferential basis at Rs 97.75 per share aggregating up to Rs 10 crore. The company also approved allotment of 71.61 lakh equity warrants at Rs 97.75 per warrant aggregating up to Rs 69.99 crore. The warrant holders will be able to apply for and be allotted one share of face value of Rs 2 each for each warrant within a period of 18 months from the date of allotment.

  • DCM Shriram: Completed liquidation of Shriram Bioseed (Thailand), a step-down subsidiary of the company.

  • NLC India: Allotted 10,000 Commercial Papers of face value of Rs 5 lakh each aggregating to Rs 500 crore on June 17.

  • lndoStar Capital Finance: To issue NCDs worth Rs 5,000 crore on a private placement basis in FY22.

  • Datamatics Global Services: To complete the acquisition of 49.50% stake in Cybercom Datamatics Information Solutions by September 30.

  • Earnings: Insecticides (India), Gujarat Fluorochemicals, Balaji Telefilms, Dhani Services, Hinduja Global Solutions, HT Media, Kokuyo Camlin, Oriental Carbon & Chemicals, PSP Projects, Shree Renuka Sugars, Timken India, Welspun Specialty Solutions

Earnings Post Market Hours

Power Grid Corporation of India Q4FY21 (Consolidated, QoQ)

  • Revenue up 4% at Rs 10,510.23 crore Vs Rs 10,142.48 crore

  • Net profit up 5% at Rs 3,526.23 crore Vs Rs 3,367.71 crore

  • Ebitda up 4% at Rs 9,295.54 crore Vs Rs 8,914.54 crore

  • Ebitda margin at 88.4% Vs 87.9%

  • Recommended a final dividend of Rs 3 per share

  • To issue bonus shares in 1:3 ratio i.e. to give one new equity bonus share of Rs 10 each for every three existing equity shares of Rs 10 each

Tube Investments of India Q4FY21 (Consolidated, QoQ)

  • Revenue up 61% at Rs 2,732.82 crore Vs Rs 1,699.99 crore

  • Net profit up 34% at Rs 143.84 crore Vs Rs 107.35 crore

  • Ebitda up 14% at Rs 263.44 crore Vs Rs 230.56 crore

  • Ebitda margin at 9.6% Vs 13.6%

  • Recommended a final dividend of Rs 1.50 per share

  • To raise Rs 200 crore by way of issue of privately placed secured NCDs

Jammu & Kashmir Bank Q4FY21 (Consolidated)

  • NII down 7% at Rs 917.51 crore Vs Rs 987.28 crore (YoY)

  • Net profit of Rs 316.74 crore Vs Net loss of Rs 293.82 crore (YoY)

  • GNPA at 9.67% Vs 8.71% (QoQ)

  • NNPA at 2.95% Vs 2.50% (QoQ)

  • Provisions at Rs 28.27 crore Vs Rs 457.61 crore (QoQ)

Natco Pharma Q4FY21 (Consolidated, QoQ)

  • Revenue down 7% at Rs 331.30 crore Vs Rs 355.20 crore

  • Net profit down 15% at Rs 53 crore Vs Rs 62.70 crore

  • Ebitda down 8% at Rs 76.20 crore Vs Rs 82.50 crore

  • Ebitda margin at 23% Vs 23.2%

Nava Bharat Ventures Q4FY21 (Consolidated, QoQ)

  • Revenue up 4% at Rs 688.66 crore Vs Rs 660.12 crore

  • Net profit down 1% at Rs 159.41 crore Vs Rs 161.78 crore

  • Ebitda down 5% at Rs 260.22 crore Vs Rs 272.99 crore

  • Ebitda margin at 37.8% Vs 41.4%

IFB Agro Industries Q4FY21 (Consolidated, QoQ)

  • Revenue up 12% at Rs 549.46 crore Vs Rs 490.02 crore

  • Net profit down 15% at Rs 14.45 crore Vs Rs 16.96 crore

  • Ebitda down 16% at Rs 17.06 crore Vs Rs 20.40 crore

  • Ebitda margin at 3.1% Vs 4.2%

Novartis India Q4FY21 (QoQ)

  • Revenue up 6% at Rs 99.20 crore Vs Rs 93.70 crore

  • Net profit of Rs 9.70 crore Vs Net loss of Rs 7.10 crore

  • Ebitda at Rs 15.20 crore Vs Ebitda loss of Rs 3 crore

  • Recommended final dividend of Rs 10 per share

Pledge Share Details

  • Chambal Fertilisers & Chemicals: Promoter Zuari Global created a pledge of 3.60 lakh shares on June 15.

  • JSW Steel: Promoter Sahyog Holdings created a pledge of 1.07 crore shares on June 12.

  • Max Financial Services: Promoter Max Ventures Investment Holdings created a pledge of 22.70 lakh shares on June 16.

    As reported on June 17.

Bulk Deals

  • Advanced Enzyme Technologies: Promoter Advanced Vital Enzymes sold 17 lakh shares (1.52%) at Rs 400.43 per share and sold another 14 lakh shares (1.25%) at Rs 400.17 per share. Plutus Wealth Management LLP bought 11 lakh shares (0.98%) at Rs 400.06 per share.

  • Bengal & Assam Company: Promoter Hari Shankar Singhania Holdings sold 72,600 shares (0.64%) at Rs 1,655.01 per share.

  • Globus Spirits: Old Bridge Capital Management bought 7.25 lakh shares (2.5%) at Rs 495.02 per share. Templeton Strategic Emerging Markets Fund sold 8.93 lakh shares (3.10%) at Rs 490.16 per share.

  • Greenlam Industries: Promoter Greenply Leasing & Finance bought 1.30 lakh shares (0.54%) at Rs 1,165 per share. Promoter Saurabh Mittal sold 1.30 lakh shares (0.54%) at Rs 1,165 per share.

  • Max Financial Services: Government of Singapore bought 60.13 lakh shares (1.74%) at Rs 1000 per share. Promoter Max Ventures Investment Holdings sold 78.28 lakh shares (2.27%) at Rs 1000.08 per share.

Block Deals

  • HEG: Promoter Purvi Niyojan bought 1 lakh shares (0.26%) at Rs 2,180 per share. Promoter Riju Jhunjhunwala sold 1 lakh shares (0.26%) at Rs 2,180 per share.

Insider Trades

  • APL Apollo Tubes: Promoter Veera Gupta sold 15,000 shares on June 15.

  • Asian Granito India: Promoter Kamleshkumar Patel sold 1.50 lakh shares on June 16.

  • Apollo Tyres: Promoter PTL Enterprises bought 2.42 lakh shares between June 14-15.

  • Eris Lifesciences: Promoter Himanshu Shah sold 1.10 lakh shares between June 14-16.

  • Infibeam Avenues: Promoters (Tripwheels and Drive, Infinity Drive, Infinium Communication and O3 Developers) sold 1.08 crore shares between June 11-14.

  • LG Balakrishnan & Bros: Promoter V Rajvirdhan sold 3.76 lakh shares between June 15-16.

  • JK Cement: Promoter Ramapati Singhania sold 1,100 shares on June 15.

  • Kabra Extrusiontechnik: Promoter Kolsite Industries bought 6,000 shares on June 14.

  • Persistent Systems: Promoter Sulabha Deshpande sold 5,582 shares on June 16.

  • Plastiblends India: Promoter Jyoti Kabra bought 5,550 shares between June 11-15.

  • Solara Active Pharma Sciences: Promoter Triumph Venture Holdings LLP sold 5,989 shares on June 15.

  • Ultramarine & Pigments: Promoters (Sridhar Sundararajan HUF and Kala Sundarvedha) sold 24,656 shares between June 15-16.

Who’s Meeting Whom

  • CreditAccess Grameen: To meet Ashmore Investments on June 18.

  • Crompton Greaves Consumer Electricals: To meet TA Associates on June 18.

  • Craftsman Automation: To meet JM Financial on June 18.

  • HEG: To meet Matthews Asia on June 18.

  • Manappuram Finance: To meet Chanakya Capital on June 18.

  • Phillips Carbon Black: To meet Equirus Securities on June 18.

  • Voltas: To meet Capital Group on June 18.

Trading Tweaks

  • Ex-Date Final Dividend: Balkrishna Industries

  • Ex-Date EGM: Orchid Pharma

  • Record Date Final Dividend: Torrent Pharmaceuticals

  • Price Band Revised From 10% To 5%: Deepak Fertilizers And Petrochemicals Corporation, eClerx Services, Godawari Power & Ispat

  • Price Band Revised From 20% To 10%: Globus Spirits, Sagar Cements, Srei Infrastructure Finance

  • Move Into Short-Term ASM Framework: Nava Bharat Ventures, Rossell India, Precision Camshafts, Zuari Agro Chemicals, Insecticides (India), Jai Corp, Future Enterprises

  • Move Out Of Short-Term ASM Framework: Aptech, Astra Microwave Products, Dish TV India, Ebixcash World Money India, Reliance Communications

  • Move Into ASM Framework: Reliance Communications, VA Tech Wabag, Srei Infrastructure Finance, Sagar Cements

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