Stocks To Watch: Indian Oil, Tata Motors, RBL Bank, PNB, NCC, VA Tech Wabag, Airtel, Adani Ports, Castrol
India’s stock benchmarks held on to gains amid a slew of quarterly corporate earnings on Monday. The S&P BSE Sensex gained 0.69% to 52,950.63 and NSE Nifty 50 Index edged 0.77% higher to 15,885.15.
RBL Bank, Punjab National Bank, Castrol India, CG Power and Industrial Solutions, may react as the companies reported quarterly results after the market closed Monday.
Bharti Airtel, Adani Ports and SEZ, Tata Consumer Products, Adani Enterprises, Dabur India, Godrej Properties, Alkyl Amines Chemicals, Indian Overseas Bank, Bank Of India, Bajaj Healthcare, Barbeque-Nation Hospitality are among the companies scheduled to report earnings Tuesday.
Here are the stocks to watch in trade today:
NCC: Received four new orders totalling to Rs 1,679 crore in July. Out of the total orders, one order valuing Rs 732 crore pertains to Building Division and two orders valuing Rs 730 crore pertain to Water & Environment Division and one order valuing Rs 217 crore pertains to Electrical Division. These orders were received from state government agencies.
Indian Oil Corporation: To consider monetising some existing fuel stations through Indianoil Petronas Pvt, but won’t sell “lock, stock and barrel,” Sandeep Kumar Gupta, finance director at fuel retailer said during the conference call. Indianoil Petronas, a joint venture between Indian Oil and Malaysia’s Petronas, seeks to expand into retailing of natural gas, gasoline, and diesel. The JV is also looking at setting up new retail outlets and wayside facilities on highways. As part of asset monetisation, Indian Oil also plans to sell 2 hydrogen gas units at its Gujarat refinery during 2021-22 and 5 more next year. The company’s gross borrowing as of June 30 was Rs 85,730 crore.
VA Tech Wabag: Secured an engineering and procurement order worth $165 million (about Rs 1,230 crore) from Amur Gas Chemical Complex LLC., in Russia. With this order the company has further consolidated its market position in the oil & gas sector. Wabag will be the technology and system integrator for the Integrated Treatment Facilities (Wastewater Treatment unit). It will deploy advanced technologies to treat wastewater streams.
Tata Motors: To increase prices on an average by 0.8%, depending on the variant and model, effective August 3. The company will offer price protection on all retail till August 31. This is the third price hike by Tata Motors this year due to increase in commodity costs.
Computer Age Management Services: Appointed Anuj Kumar as the Managing Director for a period of 5 years effective August 1 and SR Ram Charan as the Chief Financial Officer.
Minda Industries: Board approved launch of QIP issue on Monday. The floor price of Rs 734.84 per equity share is at a discount of 2.50% to Monday’s closing price.
Reliance Industries Ltd: The company has invested Rs 1 lakh in Reliance New Solar Energy Limited, a newly incorporated wholly owned subsidiary. RNSEL is incorporated to undertake activities relating to solar energy.
V-Mart Retail: The company has opened three new stores in Uttar Pradesh and one store in of Rajasthan. With this the total number of V-Mart stores now stands at 286 as of August 1.
Adani Ports and SEZ: The company has raised $750 million in two tranches by allotment of fixed rate senior unsecured notes. The said Notes are expected to be listed on Singapore Exchange Securities Trading Limited and the India International Exchange Limited.
Earnings: Bharti Airtel, Adani Ports and SEZ, Tata Consumer Products, Adani Enterprises, Dabur India, Godrej Properties, Alkyl Amines Chemicals, Indian Overseas Bank, Bank Of India, Bajaj Healthcare, Barbeque-Nation Hospitality, Care Ratings, Elgi Equipments, Dhampur Sugar Mills, Enkei Wheels (India), Everest Industries, Hindustan Media Ventures, Indo Count Industries, IIFL Wealth Management, Inox Leisure, Kajaria Ceramics, Kalpataru Power Transmission, Kaya, Kirloskar Brothers, Neuland Laboratories, Nitin Spinners, NOCIL, Paushak, Rossell India, Shipping Corporation of India, Transport Corporation of India, Prataap Snacks
Earnings Post Market Hours
RBL Bank Q1FY22 (Standalone)
Net loss at Rs 459 crore Vs Net profit of Rs 141 crore (YoY)
NII down 7% at Rs 970 crore Vs Rs 1,041 crore (YoY)
GNA at 4.99% Vs 4.34% (QoQ)
NNPA at 2.01% Vs 2.12% (QoQ)
Provision up 86% at Rs 1,425.67 crore Vs Rs 766.25 crore
Total deposits grew 21% YoY and 2% QoQ to Rs 74,471 crore
CASA grew 35% YoY and 8% QoQ to Rs 25,071 crore
Advances book at Rs 56,527 crore. Retail advances grew 7% YoY to Rs 32,071 crore
The bank added 6 branches during the quarter taking total number of branches to 435
Approved issue of up to Rs 3,000 crore of debt securities
Punjab National Bank Q1FY22 (Standalone)
NII up 7% at Rs 7,226.58 crore Vs Rs 6,781.55 crore (YoY)
Net profit up 2.32 times at Rs 1,023.46 crore Vs Rs 308.45 crore (YoY)
GNPA at 14.33% Vs 14.12% (QoQ)
NNPA at 5.84% Vs 5.73% (QoQ)
Provisions at Rs 4,678.05 crore Vs Rs 4,686.04 crore (QoQ)
Provision for loan losses at Rs 3,247.98 crore, down 39% (QoQ)
Castrol India Q2CY21 (QoQ)
Revenue down 22% at Rs 889.60 crore Vs Rs 1,138.70 crore
Net profit down 43% at Rs 140 crore Vs Rs 243.60 crore
Ebitda down 42% at Rs 197.50 crore Vs Rs 340.1 crore
Margins at 22.2% Vs 29.9%
Declared interim dividend of Rs 2.50 per equity share
CG Power and Industrial Solutions Q1FY22 (Consolidated, QoQ)
Revenue down 6% at Rs 1,050.04 crore Vs Rs 1,117.81 crore
Net profit down 84% at Rs 48 crore Vs Rs 294.13 crore
Ebitda up 75% at Rs 107.38 crore Vs Rs 61.31 crore
Margins at 10.2% Vs 5.5%
Pledge Share Details
Bajaj Hindusthan Sugar: Promoters (AN Bajaj Enterprises, Bajaj Capital Ventures, Bajaj International Realty, Bajaj Resources, Lambodar Stocks and SKB Roop Commercial LLP) created a pledge of 13.02 crore shares between July 29-30.
Gayatri Projects: Promoter TV Sandeep Kumar Reddy invoked pledge of 9 lakh shares on July 20.
As reported on August 2.
Patel Engineering: PTC India Financial Services sold 34.79 lakh shares (0.75%) at Rs 16.36 per share. Canara Bank sold 41.54 lakh shares (0.89%) at Rs 16.2 per share.
Ujjivan Financial Services: TT Emerging Markets Unconstrained Fund bought 8.82 lakh shares (0.73%) at Rs 240 per share. Alena Pvt Ltd sold 40 lakh shares (3.29%) at Rs 240 per share.
Adani Wilmar, a 50/50 joint venture between Wilmar International and Adani Group, plans to raise $600 million (Rs 4,500 crore) via IPO. The food company has filed its draft red herring prospectus with SEBI. It plans to issue all new equity shares for its offer. The company will use proceed to expand manufacturing facilities; repayment of borrowings; strategic acquisition and investments; general corporate purposes.
Who’s Meeting Whom
Indian Energy Exchange: To meet Indus capital on August 3.
Welspun India: To meet JM Financial Institutional Securities on August 3.
Ex-Date Final Dividend: Automotive Axles, Disa India, Godawari Power & Ispat, Matrimony.Com, Punjab Chemicals and Crop Protection, Redington (India)
Ex-Date Interim Dividend: Crisil, Godawari Power & Ispat, United Drilling Tools
Ex-Date Dividend: Greaves Cotton, JK Cement, Praj Industries
Ex-Date AGM: Usha Martin
Record Date Final Dividend: Motilal Oswal Financial Services, Centum Electronics, Brigade Enterprises, Aarti Surfactants
Record Date Dividend: ICICI Lombard General Insurance Company
Move Into Short-Term ASM Framework: Mahindra Logistics
Move Into ASM Framework: Century Enka, Technocraft Industries (India), Privi Speciality Chemicals, Indian Metals & Ferro Alloys