Stocks in Focus on August 14: Hero MotoCorp, ICICI Bank, Hindalco, Aviation Stocks to Tata Power in Focus; here are the 5 Newsmakers of the Day
Benchmark domestic stocks ended with small losses on Thursday, August 13, 2020. The trading was a bit volatile due to weekly expiry on index options. The barometer index, the S&P BSE Sensex fell 59.14 points or 0.15% at 38,310.49. The Nifty 50 index declined 7.95 points or 0.07% at 11,300.45
Benchmark domestic stocks ended with small losses on Thursday, August 13, 2020. The trading was a bit volatile due to weekly expiry on index options. The barometer index, the S&P BSE Sensex fell 59.14 points or 0.15% at 38,310.49. The Nifty 50 index declined 7.95 points or 0.07% at 11,300.45. But certain stocks came in news after the market was closed. These stocks can impact the indices when it reopens on Friday, August 14, 2020. List of such five stocks:
Triggers: There are certain events, like Results Today, AGR case hearing, RBI board meet, ICICI Bank, Ex-dividend, AGM, WPI, which can create positive/negative reactions in the markets. Find them in detail:
Results Today:
Nifty: Hindalco (1:30-3:30 pm), NTPC (1:30-3:30 pm)
F&O: Voltas (variable), United Breweries (post-market), MRF (11:30 pm-1:30 pm), Berger Paints (post-market), Sun TV (post-market), Glenmark Pharma (post-market), Ramco Cement (previously rescheduled)
Cash: Rajshree Sugars, IIFL Wealth, Alkyl Amines, Emkay Global Fin, Huhtamaki PPL, Clariant Chemicals, Thirumalai Chemicals, La Opala, Fortis Healthcare, Nesco, Aksharchem India, Bodal Chemicals, VRL Logistics, Insecticides India, Walchandnagar Ind, Majesco, Finolex Cables, New India Assurance, Olectra Greentech, ADF Foods, Trigyn Tech, Ahluwalia Contracts, Zuari Global, Indian Bank, HG Infra, Voltamp Transformers and Bharat Seats.
AGR Case Hearing: Supreme Court will hear the AGR case. In its previous hearing on August 10, 2020, asked the government to come prepared with a plan for the recovery of dues from telcos under insolvency.
RBI Board meeting: The Reserve Bank of India’s board, led by Governor Shaktikanta Das, is meeting today discuss and approve the annual financial accounts of the Reserve Bank.
ICICI Bank: The board of the private lender is scheduled to meet today to decide on the details of the QIP.
WPI Data: Wholesale Price Index (WPI) data to be released today.
AGM Today: Annual General Meeting of companies, like Alkyl Amines Chemicals Ltd, Aster DM Healthcare Ltd, City Union Bank Ltd, EIH Ltd, ICICI Bank Ltd, J K Cements Ltd, La Opala RG Ltd, NESCO Ltd, Nilkamal Ltd, Prism Johnson Ltd, Sheela Foam Ltd, Varroc Engineering Ltd and VRL Logistics Ltd, is scheduled to be held today.
Ex-Dividend today: ASM Technologies, Century Textile, Hawkins Cooker and Varun Beverages Ltd will turn ex-dividend today. The ex-dividend date for stocks is usually set one business day before the record date.
ASM Technologies Interim Dividend - Rs. - 2.0000
CENTURYTEX Dividend - Rs. - 3.0000
HAWKINCOOK Interim Dividend - Rs. - 80.0000
VBL Interim Dividend - Rs. - 2.5000
Post Market Results: These companies, namely Hero Motocorp, Eicher Motors, Tata Steel, BPCL, Balkrishna Industries, Shriram Transport, Timken and EIH, have reported their financial results after the market hours on Thursday. Find in details:
Hero MotoCorp: The country’s top two-wheeler maker Hero MotoCorp on Thursday reported a 95.1% year-on-year decline in the standalone profit at Rs 61.3 crore for the quarter ended on June 30, 2020. It posted a net profit of Rs 520 crore in the corresponding quarter last year. Revenue from operation declined 63% to Rs 2,971 crore against revenue of Rs 8,030 crore posted in the same quarter last year. EBITDA stood at Rs 108 crore, 90.7% down from Rs 1,158 crore posted last year. The margin contracted to 3.6% in Q1FY21 from 14.4% posted in Q1FY20. Adjusted PAT also fell by 88.2% to Rs 61.3 crore in Q1FY21 against Rs 520 crore posted in Q1FY20.
Eicher Motors: Eicher Motors on Thursday reported a year-on-year consolidated loss of Rs 55.2 crore for the quarter ended on June 30, 2020. It had posted a net profit of Rs 452 crore in the corresponding quarter last year. Revenue from operations declined 65.7% to Rs 818 crore against Rs 2,382 crore posted last year. EBITDA stood at Rs 3.6 crore, down 99.4% from Rs 615 crore posted last year. The margin contracted to 0.4% in Q1FY21 from 25.8% posted in Q1FY20.
Tata Steel: Domestic Steel major Tata Steel on Thursday reported a year-on-year consolidated loss of Rs 4,374 crore for the quarter ended on June 30, 2020. It reported a net profit of Rs 683 crore in the corresponding quarter last year. Consolidated revenue from operations fell 32.4% to Rs 24,288.5 crore in Q1FY21 against Rs 35,947 crore year-on-year. EBITDA stood at Rs 505.5 crore, down 90.6% against Rs 5,377 crore posted last year. The margin contracted to 2.1% in Q1FY21 against 15% reported in Q1FY20.
BPCL: State-run oil marketing company Bharat Petroleum Corporation Ltd (BPCL) on Thursday reported a standalone quarter-on-quarter (QoQ) net profit of Rs 2,076 crore for the quarter ended on June 30, 2020. It had posted a net loss of Rs 1,361 crore in the last quarter that ended on March 31, 2020. Revenue from operations fell 43.8% QoQ to Rs 38,785 crore in June quarter against Rs 68,991 crore posted in March quarter of the last financial year (FY20). EBITDA margins grew to 10.1% in Q1FY21 against negative 0.9% reported in Q4FY20. BPCL’s gross refining margins (GRMs) came in at $0.39 per barrel, compared with $0.60 per barrel, in the previous quarter.
Balkrishna Industries: Balkrishna Industries on Thursday reported a 25.6% year-on-year decline in consolidated profit at Rs 131.6 crore for the quarter ended on June 30, 2020. It had reported a net profit of Rs 177 crore in the corresponding quarter last year. The consolidated revenue from operations declined 21.4% to Rs 942.6 crore against Rs 1,199 crore posted last year. EBITDA stood at Rs 240.4 crore, down 10.3% from Rs 268 crore posted last year. The margin increased to 25.5% in Q1FY21 from the margin of 22.4% posted in Q1FY20. Besides, the board of directors of the company has declared an interim dividend of Rs 3 per equity shares.
Shriram Transport Finance Company (STFC): Shriram Transport on Thursday reported a 49.5% year-on-year decline in the consolidated profit of Rs 320 crore for the quarter ended on June 30, 2020. It had posted a net profit of Rs 634 crore in the corresponding quarter last year. The Net interest income (NII) fell 6.3% to Rs 1,820 crore in Q1FY21 against Rs 1,943 crore posted last year in the same quarter of the last financial year.
Timken India: Timken India Ltd on Thursday reported a 93.7% year-on-year decline in the consolidated profit to Rs 3.2 crore for the quarter ended on June 30, 2020. It had posted a net profit of Rs 50.5 crore in the corresponding quarter last year. Revenue from operations fell 63.4% to Rs 160.2 crore against a revenue of Rs 437.8 crore posted last year. EBITDA stood at Rs 14.1 crore, down 85.4% from Rs 95.2 crore. The margins contracted to 8.8% in Q1FY21 from Rs 21.7% posted in Q1FY20.
EIH Ltd.: Hospitality major EIH Ltd, which runs hotels and resorts under the Oberoi and Trident brands, has reported a year-on-year consolidated loss of Rs 152 crore for the quarter ended on June 30, 2020. It had posted a net loss of Rs 1.1 crore in the corresponding quarter last year. Consolidated revenue from operations fell 91.3% to Rs 29.7 crore in June 2020 quarter against a revenue of Rs 340.6 crore posted in the same period last year. EBITDA loss was Rs 141 crore in Q1FY21 against the EBITDA profit of Rs 32.6 crore posted last year.
200+ stocks out of T2T / Shifted to T2T: Trade-to-trade (T2T) is a segment where shares can be traded only for compulsory delivery basis. It means trade-to-trade shares cannot be traded intraday.
Out of T2T: 274 shares will be out of the T2T category. Changes will be effective from August 18, 2020. Few of the shares that will move out of the list are 63MOONS, Andhra Cements, Balkrishna Paper Mills, BGR Energy Systems, Burnpur Cement, Kwality, Lyka Labs, Sundaram Multi Pap and Khadim among others.
Shifted to T2T: 11 shares will be shifted to the category and some of them who will move to the segment include 5Paisa, Bigbloc Construction, B.L.Kashyap and Sons, PSL Ltd, Shreyas Shipping Logistics, Universus Photo Imagings, Vikas EcoTech, Vimta Labs and Vishnu Chemicals among others.
Aviation Stocks In Focus: Domestic air passenger traffic MoM increases 5%. The air passenger traffic in July fell 82.3% YoY to 21 lakh. IndiGo's share market increases from 52.8% to 60.4% (MoM). Spice Jet's share market declined from 16.8% to 15.7% (MoM) and Indigo Passenger Load Factor increased from 60.7% to 62.2% (MoM).
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Tata Power: The company has allotted 49.5 crore preferential shares to Tata Sons at Rs 53 per shares aggregating to Rs 2,600 crore.
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08:28 AM IST