Stocks To Watch: Coal India, Tata Steel, Future Group, Hero Moto, Aurobindo Pharma, Eicher Motors, ONGC
India’s stock benchmarks closed at record on Thursday, led by the gains in power, utilities, technology and banking stocks.
The S&P BSE Sensex gained 0.58% to 54,843.98, a record close for the 30-stock index which hit a new high of 54,874.10 in intraday trade. The NSE Nifty 50 advanced by a similar magnitude to close at a record 16,364.40. The 50-stock index had hit a high of 16,375.50 in intraday trade.
Tata Steel, Hero MotoCorp, Aurobindo Pharma, Eicher Motors, Ashok Leyland, Redington (India), Rashtriya Chemicals and Fertilizers, Housing and Urban Development Corporation, Thyrocare Technologies, Dish TV India, Ujjivan Financial Services may react as the companies reported quarterly results after the market closed Thursday.
Here are the stocks to watch in trade today:
Coal India: Plans to increase prices of the fuel sold through long-term contracts. The company is in talks with stakeholders, including the government, and all are on board with the plan, considering costs have risen, Chairman Pramod Agrawal said. Costs are rising due to higher diesel prices and the company will start making provisions for a workers’ wage increase from the quarter that began in July. The company saw 30% premiums over notified prices in e-auction sales. Premiums could rise in coming months due to huge demand for coal and the surge in international prices, Agrawal added. Expects production of about 640 million tons versus target of 670 million tons in the current fiscal year ending March. Shipments seen at about 700 million tons versus 740 million tons target.
Tata Power: Tata Power Solar Systems, a wholly owned subsidiary of the company, has bagged an order worth Rs 386 crore. The subsidiary will construct 50MWp Solar PV Plant with 50MWh Battery Energy Storage System project at Phyang village in Leh, Ladakh. The commercial operation date for this project is set for March 2023. With this project, the order pipeline of Tata Power Solar now stands at approximately 4GWp with approximate order value of Rs 12,414 crore.
Future Group stocks: Future Coupons Pvt. has filed a fresh petition in Supreme Court challenging a high court ruling that ordered a complete halt to selling its assets to Reliance Industries Ltd. The firm has challenged the high court’s March 18 order to enforce a Singapore tribunal’s halt to the sale. The Supreme Court has not allotted a date for hearing the new case as yet, according to a Bloomberg report.
SRF: Gujarat Pollution Control Board has issued directions to suspend operations in P2 and two other allied plants in Dahej Chemicals Complex. The company sees no material effect on operations from GPCB directions.
Earnings: ONGC, Grasim Industries, Apollo Hospitals Enterprise, Indian Railway Finance Corporation, Indraprastha Gas, Star Cement, AIA Engineering, Petronet LNG, Akzo Nobel India, Bharat Dynamics, Mindspace Business Parks REIT, Borosil, Burger King India, Fine Organic Industries, Tube Investments of India, Forbes & Company, Glenmark Pharmaceuticals, Astra Microwave Products, Bajaj Hindusthan Sugar, Bayer Cropscience, Ingersoll-Rand (India), Jammu & Kashmir Bank, KRBL, Kaveri Seed Company, MOIL, Mahanagar Telephone Nigam LTD., NBCC (India), NCL Industries, NHPC, Nirlon, Seamec, Sun Tv Network, Tide Water Oil (India), Westlife Development
Earnings Post Market Hours
Tata Steel's Q1FY22 (Consolidated, QoQ)
Revenue up 6.79% at Rs 53,371.8 crore Vs Rs 49,977.4 crore (Bloomberg estimate: Rs 52,304.5 crore)
Ebitda up 13.6% at Rs 16,110.5 crore Vs Rs 14,184.1 crore (Bloomberg estimate: Rs 16,051.1 crore)
Margin at 30.2% Vs 28.4%
PAT up 34.1% at Rs 8,906.95 crore Vs Rs 6,644.2 crore (Bloomberg estimate: Rs 8,518.05 crore)
Spent Rs 2,011 crores on capex
Work on the Pellet plant, the Cold Roll Mill complex and the 5 MTPA expansion at Kalinganagar is ongoing
Gross debt decreased to Rs 84,237 crore
Net debt declined to Rs 73,973 crores
Expects to bring down debt significantly by end of current of financial year
Net debt to Ebitda improved to 1.59x1
Net debt to equity improved to 0.91x
Steel deliveries at Tata Steel Europe increased by 17.4% YoY to 2.33 million tons
Hero MotoCorp Q1FY22 (Standalone, QoQ)
Revenue down 37% at Rs 5,487 crore Vs Rs 8,686 crore (Bloomberg estimate: Rs 5,847.4 crore)
Net Profit down 58% at Rs 365.44 crore Vs Rs 865 crore (Bloomberg estimate: Rs 463 crore)
Ebitda down 57% at Rs 515 crore Vs 1211 crore (Bloomberg estimate: Rs 617 crore)
Margin at 9.4% Vs 13.9% (Bloomberg estimate: 10.6%)
Aurobindo Pharma Ltd Q1FY22 (Consolidated, QoQ)
Revenue down 5% at Rs 5,701.98 crore Vs Rs 6,001.50 crore (Bloomberg estimate: Rs 6,158.83 crore)
Net profit down 4% at Rs 769.97 crore Vs Rs 801.58 crore (Bloomberg estimate: Rs 825.29 crore)
Ebitda down 5% at Rs 1,209.38 crore Vs Rs 1,274.67 crore (Bloomberg estimate: Rs 1,313.75 crore)
Margins constant at 21.2% (Bloomberg estimate: 21.3%)
Declared an interim dividend of Rs 1.50 per share
Approved scheme of amalgamation between Auronext Pharma, Mviyes Pharma Venture and Aurobindo Pharma
The company will subscribe to Rs 420 crore of fresh shares in Cronus Pharma. Aurobindo will own 51% of Cronus after the investment.
Eicher Motors Q1FY22 (Consolidated, QoQ)
Revenue down 33% at Rs 1,974 crore Vs Rs 2,940 crore (Bloomberg estimate: Rs 1,833.6 crore)
Profit down 55% at Rs 237 crore Vs Rs 526 crore (Bloomberg estimate: Rs 233 crore)
Ebitda down 43% at Rs 363 crore Vs Rs 634 crore (Bloomberg estimate: Rs 358 crore)
Margin at 18.4% Vs 21.6% (Bloomberg estimate: 19.5%)
Vinod K Dasari has stepped down as the chief executive officer of Royal Enfield
B Govindarajan, chief operating officer at Royal Enfield since 2013, will take on the responsibility of leading the two-wheeler brand effective August 18.
Chip shortage may hamper production for ongoing quarter and possible through the rest of the year as well: Siddhartha Lal
Royal Enfield total exports stood at 17,493 units
Announced local motorcycle assembly unit in Colombia
Ashok Leyland Q1FY22 (Standalone, QoQ)
Revenue down 58% at Rs 2,934.59 crore Vs Rs 7,000.49 crore (Bloomberg estimate: Rs 2,830.8 crore)
Net loss at Rs 282.29 crore Vs Net profit of Rs 241.17 crore (Bloomberg estimate: Net loss of Rs 212.9 crore)
Ebitda loss at Rs 156.5 crore Vs Ebidta profit at Rs 534.16 crore (Bloomberg estimate: Ebitda loss of Rs 14.47 crore)
Redington (India) Q1FY22 (Consolidated, QoQ)
Revenue down 13% at Rs 13,454.05 crore Vs Rs 15,503.94 crore
Net profit down 22% at Rs 236.67 crore Vs Rs 302.51 crore
Ebitda down 19% at Rs 344.28 crore Vs Rs 425.10 crore
Margin at 2.6% Vs 2.7%
Rashtriya Chemicals and Fertilizers Q1FY22 (Consolidated, QoQ)
Revenue up 4% at Rs 2,390.70 crore Vs Rs 2,295.31 crore
Net profit up 35% at Rs 207.48 crore Vs Rs 153.51 crore
Ebitda down 12% at Rs 206.67 crore Vs Rs 234.08 crore
Margin at 8.6% Vs 10.2%
Approved issue of secured/unsecured NCDs aggregating up to Rs 1000 crore in next twelve months through private placement basis
Ujjivan Financial Services Q1FY22 (Consolidated, YoY)
Net Interest Income down 11% at Rs 434.57 crore Vs Rs 489.59 crore
Net loss at Rs 82.68 crore Vs Net profit of Rs 65.05 crore
Appointed Carol Furtado as the Chief Executive Officer effective August 13
Dish TV India Q1FY22 (Consolidated, QoQ)
Revenue down 3% at Rs 730.97 crore Vs Rs 751.75 crore
Net profit at Rs 50.24 Vs Net loss of Rs 1,408.65 crore
Ebitda up 3% at Rs 438.77 crore Vs Rs 426.04 crore
Margin at 60% Vs 56.7%
Housing And Urban Development Corporation Q1FY22 (Consolidated, QoQ)
Revenue up 2% at Rs 1,790.31 crore Vs Rs 1,759.38 crore
Net profit down 23% at Rs 404.57 crore Vs Rs 526.28 crore
Ebitda down 12% at Rs 1,681.98 crore Vs Rs 1,905.71 crore
Margin at 93.9% Vs 108.3%
Thyrocare Technologies Q1FY22 (Consolidated, QoQ)
Revenue up 12% at Rs 164.65 crore Vs Rs 146.84 crore (Bloomberg estimate: Rs 157.9 crore)
Net profit up 47% to Rs 55.58 crore Vs Rs 37.75 crore (Bloomberg estimate: Rs 42.33 crore)
Ebitda up 38% at Rs 71.23 crore Vs Rs 51.53 crore (Bloomberg estimate: Rs 62.13 crore)
Margin at 43.3% Vs 35.1% (Bloomberg estimate: 39.3%)
Pledge Share Details
Emami: Promoters (Sneha Enclave and Suraj Finvest) revoked pledge of 9.61 lakh shares between August 10-11.
As reported on August 12.
Stovec Industries: Plutus Wealth Management LLP sold 16,214 shares (0.78%) at Rs 2,601.07 per share.
Gufic Biosciences: Financial Investors Trust bought 5 lakh shares (0.52%) at Rs 205.89 per share.
Globus Spirits: Ram Bagh Facility Services LLP bought 1.62 lakh shares (0.56%) at Rs 862.05 per share. Long Term Equity Fund bought 1.75 lakh shares (0.61%) at Rs 862.05 per share. International Asset Reconstruction Company sold 3.37 lakh shares (1.17%) at Rs 862.05 per share.
Adani Green Energy: Promoter Infinite Trade and Investments bought 38.25 lakh shares between August 9-11.
Dixon Technologies (India): Promoter Geeta Vaswani sold 1,000 shares between August 9-10.
Grindwell Norton: Promoter KM Narang sold 4,124 shares on August 11.
Jindal Stainless (Hisar): Promoter JSL Overseas bought 2.77 lakh shares on August 11.
JTL Infra: Promoter Jagan Industries sold 75,000 shares on August 11.
KEI Industries: Promoter Anil Gupta sold 1.37 lakh shares between August 10-11.
Karda Constructions: Promoter Karamchand Karda sold 5.25 lakh shares on August 11.
Mold-Tek Packaging: Promoters (Venkateswara Pattabhi, Adivishnu Mythri and Golukonda Satyavati) sold 2.98 lakh shares on August 6.
SVP Global Ventures: Promoters (Prafulla Gattani and Shubhankar Gattani) sold 1.04 lakh shares on August 9.
Chemplast Sanmar Ltd.'s Rs 3,850-crore initial public offering has become the third least subscribed issue so far this year. The IPO was subscribed 2.17 times on August 12.
Aptus Value Housing Finance’s IPO subscribed 17.2 times on day 3.
Government plans to sell up to 25% in National Seeds Corporation via IPO
Ex-Date AGM: Suven Pharmaceuticals, Fine Organic Industries, Indo Rama Synthetics (India)
Ex-Date Final Dividend: Fine Organic Industries, Suven Pharmaceuticals
Ex-Date Special Dividend: Fine Organic Industries
Ex-Date Interim Dividend: Pitti Engineering, REC
Ex-Date Dividend: RPG Life Sciences, Rubfila International
Record Date Final Dividend: Karda Constructions
Record Date Interim Dividend: NACL Industries
Record Date Stock Split: Karda Constructions
Record Date Bonus Issue: Karda Constructions
Price Band Revised From 10% To 5%: NELCO
Move Out Of Short-Term ASM Framework: Vidhi Specialty Food Ingredients, Emami Paper Mills, Gravita India, Welspun India