Stocks To Watch: Tech Mahindra, Britannia, Marico, Bandhan Bank, Sun Pharma, UPL, Britannia, IOC
India’s SGX Nifty 50 Index futures for Aug. delivery fell 0.5% to 15,765.00, while MSCI Asia Pacific Index -0.6%. The NSE Nifty 50 Index added 0.4% Thursday to 15,778.45.
Tech Mahindra, Indus Towers, TVS Motor, Shriram City, Deepak Nitrite, Container Corp, Oberoi Realty, Ajanta Pharma, Motilal, MRPL may react as the companies reported quarterly results after the market closed Thursday.
Sun Pharma, Indian Oil, UPL, Bandhan Bank, Exide, Britannia, Cholamandalam, Marico, LODHA are among the companies scheduled to report earnings Friday.
Tata Motors, Axis Bank, Tech Mahindra, Coforge, Blue Dart, Jyothy Labs, Fortis are holding their annual shareholders’ meeting. Foreign investors sold net Rs 2,440 crore of stocks on Wednesday, according to NSDL website.
Here are the stocks to watch in trade today:
Kotak Mahindra Bank: Shareholders will see a significant shift in Kotak Mahindra Bank Ltd.'s approach, with "greater aggression" and sharper execution, Uday Kotak said in the annual report for 2020-21. “We'll not shy away from taking bolder bets,” he added. The private lender sees this as the right time to experiment more and concentrate on segments it deems as offering the best opportunities for returns. The bank will increase investments in strengthening its digital and technology platforms and offerings.
Privi Specialty Chemicals: Signed a joint venture agreement with Givaudan SA, the global leader in fragrance creation, to set up a new greenfield production facility in Mahad. The facility will have state of the art manufacturing equipment tailor made to manufacture small-volume fragrance ingredients of medium to high complexity, also known as specialty ingredients, the company said. Privi will hold 51% of the equity capital of the joint venture company.
Mangalore Refinery and Petrochemicals: Approved raising up to Rs 5,000 crore through issue of NCDs. Enhanced borrowing powers to Rs 33,500 crore from Rs 25,000 crore.
Hindalco Industries: CRISIL Ratings has upgraded its rating on the non-convertible debentures of the company to AA+/stable from AA/positive.
R Systems International: To consider share buyback on August 6.
Earnings: Sun Pharmaceutical Industries, UPL, Britannia Industries, Indian Oil Corporation, Bandhan Bank, Bharat Heavy Electricals, Dr. Lal PathLabs, Marico, JSW Energy, Kansai Nerolac Paints, PI Industries, Cholamandalam Investment and Finance Company, Aditya Birla Fashion and Retail, Macrotech Developers, Blue Dart Express, Exide Industries, Zydus Wellness, Equitas Small Finance Bank, Shriram Transport Finance Co., V-Guard Industries, India Grid Trust, Sunteck Realty, KEC International, Asahi India Glass, Fairchem Organics, Rossari Biotech, Finolex Industries, LT Foods, DCW, Gokaldas Exports, Gravita India, HIL, IFB Industries, Indo Amines, Jindal Saw, JK Paper, Nelco, NGL Fine-Chem, NIIT, Sundaram-Clayton, Sutlej Textiles & Industries, Welspun Specialty Solutions
Earnings Post Market Hours
Tech Mahindra Q1FY22 (Consolidated, QoQ)
Revenue up 5% at Rs 10,197.6 crore Vs Rs 9,729.9 crore (Bloomberg estimate: Rs 10,072.7 crore)
Net profit up 25% at Rs 1,353.2 crore Vs Rs 1,081.4 crore (Bloomberg estimate: Rs 1,216.2 crore)
Ebit at Rs 1,545.30 crore Vs Rs 1,553 crore (Bloomberg estimate: Rs 1,457.6 crore)
Margins at 15.2% Vs 16% (Bloomberg estimate: 14.47%)
Container Corporation of India Q1FY22 (Consolidated, QoQ)
Revenue down 7% at Rs 1,819.94 crore Vs Rs 1,956.69 crore
Net profit up 12.52 times at Rs 251.22 crore Vs Rs 18.58 crore
Ebitda up 1.24 times at Rs 438.20 crore Vs Rs 195.68 crore
Margins at 24.08% Vs 10%
TVS Motor Company Q1FY22 (Standalone, QoQ)
Revenue down 26% at Rs 3,934.36 crore Vs Rs 5,321.93 crore
Net profit down 82% at Rs 53.15 crore Vs Rs 289.24 crore
Ebitda down 49% at Rs 273.78 crore Vs Rs 536.11 crore
Margins at 7% Vs 10.1%
Ajanta Pharma Q1FY22 (Consolidated, QoQ)
Revenue down 1% at Rs 747.99 crore Vs Rs 756.84 crore
Net profit up 9% at Rs 173.75 crore Vs Rs 159.26 crore
Ebitda down 15% at Rs 220.21 crore Vs Rs 259.41 crore
Margins at 29.4% Vs 34.3%
Deepak Nitrite Q1FY22 (Consolidated, QoQ)
Revenue up 4% at Rs 1,526.22 crore Vs Rs 1,463.23 crore
Net profit up 4% at Rs 302.63 crore Vs Rs 290.11 crore
Ebitda down 1% at Rs 451.50 crore Vs Rs 454.66 crore
Margins at 29.58% Vs 31.07%
Indus Towers Q1FY22 (Consolidated, QoQ)
Revenue up 5% at Rs 6,797 crore Vs Rs 6,491.80 crore
Net profit up 4% at Rs 1,415.30 crore Vs Rs 1,363.70 crore
Ebitda up 3% at Rs 3,528.50 crore Vs Rs 3,412.40 crore
Margins at 51.91% Vs 52.56%
Motilal Oswal Financial Services Q1FY22 (Consolidated, QoQ)
Revenue down 21% at Rs 898.75 crore Vs Rs 1,140.95
Net profit down 51% at Rs 221.04 crore Vs Rs 448.14 crore
Ebitda down 40% at Rs 400.67 crore Vs Rs 664.59 crore
Margins at Rs 44.58% Vs 58.25%
Oberoi Realty Q1FY22 (Consolidated, QoQ)
Revenue down 64% at Rs 284.25 crore Vs Rs 790.08 crore
Net profit down 72% at Rs 80.63 crore Vs Rs 286.85 crore
Ebitda down 67% at Rs 124.87 crore Vs Rs 373.5 crore
Margins at 43.93% Vs 47.27%
Shriram City Union Finance Q1FY22 (Consolidated, QoQ)
NII down 1% at Rs 966.79 crore Vs Rs 979.23 crore
Net profit down 26% at Rs 220.18 crore Vs Rs 298.28 crore
Jindal Stainless (Hisar) Q1FY22 (Consolidated, QoQ)
Revenue down 11% at Rs 2,776.48 crore Vs Rs 3,102.77 crore
Net profit up 2% at Rs 358.06 crore Vs Rs 349.95 crore
Ebitda up 2% at Rs 412.32 crore Vs Rs 405.55 crore
Margins at 14.9% Vs 13.1%
Rolex Rings IPO gets 9.26 times shares demand on second day sale; offer close July 30
Glenmark Life’s $203 million IPO gets 44.2 times demand for shares offer
Ujjivan Financial Services: Aberdeen Asian Smaller Companies Investment Trust Plc sold 10.25 lakh shares (0.84%) at Rs 240.01 per share.
Tatva Chintan Pharma Chem: Plutus Wealth Management Llp bought 6.50 lakh shares at Rs 2,171.74 per share.
Orient Cement: Promoters (Central India Industries and Shekhavati Investments and Traders) revoked pledge of 88 lakh shares on July 26.
Who’s Meeting Whom
Multi Commodity Exchange of India: To meet ITUS Capital on August 2, GIC Pvt Ltd on August 4 and Ward Ferry Management on August 9.
Ex-Date Dividend: Century Enka, Nelcast, Srikalahasthi Pipes
Ex-Date Final Dividend: Hercules Hoists
Ex-Date Special Dividend: Larsen & Toubro Infotech
Record Date Final Dividend: Sobha, ICICI Bank, Delta Corp, Sudarshan Chemical Industries, Timken India, Gandhi Special Tubes, Andhra Paper
Record Date Interim Dividend: Stylam Industries
Record Date Bonus Issue: Power Grid Corporation of India
Record Date AGM: Rane Holdings
Move Into Short-Term ASM Framework: Arvind Fashions
Move Out Of Short-Term ASM Framework: RPSG Ventures
Price Band Revised From 10% To 5%: RSWM
Price Band Revised From 20% To 10%: Nitin Spinners