Stocks in Focus on August 12: Adani Ports, RCF to HAL; here are expected newsmakers of the day
Stocks in Focus on August 12: Ashok Leyland, Adani Ports, HAL, Star Cementm etc. are expected newsmakers throughout the intraday trade session.
Stocks in Focus on August 12: Key domestic benchmarks ended with decent gains on Tuesday, August 11, 2020, supported by banks and metal stocks amid positive global cues. The barometer index the S&P BSE Sensex, rose 224.93 points or 0.59% at 38,407.01. The Nifty 50 index added 52.35 points or 0.46% at 11,322.50. But certain stocks came in news after the market was closed. These stocks can impact the indices when it reopens on Wednesday, August 12, 2020. List of such five stocks:
Triggers: There are certain events, like Results Today, July CPI, Satin and Ex-dividend, which can create positive/negative reactions in the markets. Find them in detail:
Results TodayNifty: Not Applied.
F&O: Ashok Leyland (post-market), Bharat Forge (10:30-12:30 pm), Tata Power (variable) (concall at 6:30 pm), Cummins India (variable), Aurobindo Pharma (post-market)
Cash: Fine Organic, KPR Mill, NCC, Aavas Financiers, Century Plyboards, Natco Pharma, ABB Power Products, Sundram Fasteners, S H Kelkar, Gulf Oil Lubricants, Hindustan National Glass, FSL, Murudeshwar Ceramics, Aarti Ind, Tanla Sol, Advanced Enzymes, WABCO India, GSFC, Balaji Amines, India Nippon Electricals, Thermax, Nelcast, Orient Refractories, Lumax Industries, DCW, Kalpataru Power, Subros, Aster DM Health, EIH Associated, Graphite Industries, Kingfa Science, Man Industries, Schneider Electrics, eClerx, Brigade Ent, TTML, Transport Corp of India, SMS Pharma.
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Satin Creditcare Network: The microfinance lender is set to launch its Rs 120 crore rights issue for subscription on August 12. The record date for determining the eligibility of shareholders was fixed on August 5. The issue will close on August 26. The issue price has been fixed at Rs 60 per rights equity share. The company will issue 48 rights equity shares for every 125 existing fully paid shares held by eligible equity shareholders as on the record date. At the time of making application participants have to make a payment of Rs 15 per rights equity share and the rest Rs 45 per rights equity share will be paid later.
July CPI: The government is scheduled to release the consumer price index (CPI) data of July 2020 today.
Ex-Dividend today: Automotive Axles will turn ex-dividend today. The ex-dividend date for stocks is usually set one business day before the record date.
Post Market Results: These companies, namely Adani Port, RCF, Star Cement, Galaxy, Surfactants, Oracle, Metropolis, Somany Ceramics, Godawari Power, Shriram City, Gujarat Alkalies and KRBL, have reported their financial results after the market hours on Tuesday. Find in details:
Adani Ports: Adani Ports and Special Economic Zone Limited on Tuesday reported a 25.8% year-on-year decline in its consolidated profit at Rs 758 crore for the quarter ended on June 30, 2020. It had posted a net profit of Rs 1,022 crore in the corresponding quarter last year. Consolidated revenue from operations dropped 18% to Rs 2,292.7 crore for the first quarter as against Rs 2794.5 crore posted in a year-ago period. EBITDA stood at Rs 1,395 crore, down 24.4% from Rs 1,846 crore posted last year. The contracted to 60.8% in Q1FY21 from 66% posted in Q1FY20.
Star Cement: Star Cement in Tuesday reported a year-on-year dip of 47% on standalone profits at Rs 44.2 crore for the quarter ended on June 30, 2020. It had posted a net profit of Rs 83.8 crore in the corresponding quarter last year. Sales stood at Rs 291.9 crore in Q1FY21, a dip of 36.6% from Rs 460.8 crore posted in the same quarter last year. EBITDA stood at Rs 65.2 crore, down 41.7 from Rs 111.9 crore posted last year. The margin contracted to 22.3% in Q1FY21 from 24.2% posted in Q1FY20.
Rashtriya Chemicals & Fertilizers (RCF): The state-owned RCF on Tuesday reported a 140.5% year-on-year rise in consolidated profit at Rs 19 crore for the quarter ended on June 30, 2020. It had posted a net profit of Rs 7.9 crore in the corresponding quarter in the previous fiscal. Sales dropped 32.7% to Rs 1,621 crore in the quarter as against Rs 2,409 crore posted in the same quarter last year. EBITDA stood at Rs 98 crore, up 22.5% from Rs 80 crore posted last year. The margin advanced to 6.05% in Q1FY21 from 3.32% posted in Q1FY20.
Galaxy Surfactants: The Chemical manufacturing company has reported a 5.6% year-on-year rise in consolidated profit Rs 56 crore for the quarter ended on June 30, 2020. It had posted a net profit of Rs 53 crore in the corresponding quarter last fiscal. The sales dropped 8.7% to Rs 607 crore as against Rs 665 crore posted last year in the same period. EBITDA stood at Rs 90.3 crore, down 6% from Rs 96.1 crore posted last year. The margin grew to 14.8% in Q1FY21 from 14.4% posted on Q1FY20.
Pratap Snacks: Prataap Snacks on Wednesday reported a year-on-year consolidated loss of Rs 5.9 crore for the quarter ended on June 30, 2020, against a net profit of Rs 9.6 crore posted in the corresponding quarter last fiscal. The sales dropped 41% to Rs 195.2 crore in the quarter as compared to Rs 330.9 crore posted in the same period last year. EBITDA stood at Rs 7.8 crore, down 71% from last year’s Rs 26.9 crore. The margin contracted to 4% in Q1FY21 from 8% posted in Q1Fy20.
Oracle Financial Services: The IT Services company Oracle Financial has reported a 78% quarter-on-quarter rise in consolidated profit at Rs 479.7 crore for the quarter ended on June 30, 2020. It had posted a net profit of Rd 269.2 crore in the corresponding quarter last year. Sales grew 5.8% to Rs 1,337.2 crore in the quarter against net sales of Rs 1,263.5 crore posted last year. EBITDA stood at Rs 663.4 crore, up 23% from Rs 537.8 crore. The margin grew to 49.6% in Q1FY21 from 42.5% posted last year.
Metropolis Healthcare: Metropolis Healthcare has reported an 89.5% year-on-year drop in consolidated profit at Rs 2.8 crore for the quarter ended on June 30, 2020. It had posted a net profit of Rs 26.9 crore in the corresponding quarter last year. Its sales dropped 29.5% to Rs 143 crore in the quarter against net sales of Rs 203 crore posted last year. EBITDA stood at Rs 11.9 crore, down 78% from Rs 54.9 crore. The margin contracted to 8.3% in Q1FY21 from 27% posted in Q1FY20.
Somany Ceramics: The ceramic wall and floor tile manufacturing company Somany Ceramics on Tuesday reported a consolidated loss of Rs 26 crore for the quarter ended on June 30, 2020. It posted a net profit of Rs 7 crore in the corresponding quarter last year. Consolidated revenue from operations dropped 57% to Rs 169.25 crore in Q1FY21 from Rs 395.4 crore posted in Q1FY20.
Godawari Power & Ispat: Godawari Power has reported a 14.8% year-on-year drop in consolidated profit at Rs 46 crore for the quarter ended on June 30, 2020. It had posted a net profit of Rs 54 crore posted in the corresponding quarter last year. The sales dropped by 14.7% to Rs 711 crore from Rs 834 crore posted last year. EBITDA stood at Rs 157.5 crore, down 10% from Rs 175 crore posted last year, The margin advanced to 22% in Q1FY21 from 20.9% posted in Q1FY20.
Shriram City Union Finance: The NBFC Shriram City Union Finance on Tuesday 23.6% year-on-year decline in consolidated profit at Rs 197 crore for the quarter ended on June 30, 2020. It had posted a net profit of Rs 258 crore posted in the corresponding quarter last year. Consolidated sales dropped 5% to Rs 1,482.7 crore from Rs 1,561 crore posted in the same period last year. EBITDA stood at Rs 863 crore, down 12% from Rs 983.6 crore posted last year. The margin contracted to 58.2% in Q1FY21 against the margin of 63% posted in Q1FY20.
Gujarat Alkalies: Gujarat Alkalies and Chemicals on Thursday reported a 79.9% year-on-year decline in its consolidated net profit to Rs 31.8 crore for the quarter ended on June 30, 2020. It had posted a net profit of Rs 158.8 crore in the corresponding quarter last year. Sales dropped 37% to Rs 469.6 crore from Rs 748.5 crore posted last year. EBITDA stood at Rs 78.5 crore, down 68.8% from Rs 252 crore posted last year. The margin contracted to 16.7% in Q1FY21 from 33.6% posted in Q1FY20.
HAL/BHEL: Defence Acquisition Council (DAC) on Tuesday approved procurement proposals worth over Rs 8,722 crore including 106 Basic Trainer Aircraft for Indian Air Force.
WIPRO: IT major Wipro on Tuesday said it has completed the acquisition of 4C for 68 million euros (about Rs 589 crore). The Bengaluru-based company said, the deal for the acquisition was signed on July 23, 2020, and the process was completed on August 10, 2020.
Open Offer Update: Healthcare Global + Sequent scientific
Healthcare Global Enterprise: Acesco Company Ltd will bring an open offer to buy 26% stakes in Healthcare Global at Rs 430 crore. The open offer will be open on August 17, 2020, and close on August 28, 2020. Acesco will buy 3.26 crore shares of the company at Rs 130 per share. The Competition Commission has earlier in July given its nod to Aceso Company Pte Ltd's acquisition of 58.92% stakes in HealthCare Global Enterprises Ltd.
Sequent Scientific: Carlyle will bring an open offer to acquire 6.4 crore shares or 26% stakes in Sequent Scientific at Rs 86 per share. The open offer will run from August 25, 2020, to September 7, 2020.
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