Stocks in Focus on August 17: United Breweries, Glenmark Pharmaceuticals, SCI, Sun TV to GE Shipping; here are the 5 Newsmakers of the Day
Domestic equity barometers ended with significant losses on Friday, August 14, 2020, tracking weak global cues. The barometer index, the S&P BSE Sensex slumped 433.15 points or 1.13% at 37,877.34. The Nifty 50 index lost 122.05 points or 1.08% at 11,178.40. But certain stocks came in news after the market was closed
Domestic equity barometers ended with significant losses on Friday, August 14, 2020, tracking weak global cues. The barometer index, the S&P BSE Sensex slumped 433.15 points or 1.13% at 37,877.34. The Nifty 50 index lost 122.05 points or 1.08% at 11,178.40. But certain stocks came in news after the market was closed. These stocks can impact the indices when it reopens on Monday, August 17, 2020. List of such five stocks:
Triggers: There are certain events, like Results today, SC hearings, TDSAT, Healthcare Global, Rail PSUs, OPEC, AGM, Ex-dividend, which can create positive/negative reactions in the markets. Find them in detail:
Results Today
F&O: Petronet LNG (post-market)
Cash: Sical Logistics, Orient Paper, Suven Pharma, Hind Rectifiers, Sical Logistics, Lux Ind, CanFin Homes, Scooters India
SC Hearings:
Hearing of AGR case: Supreme Court bench led by Justice Arun Mishra on Friday adjourned hearing in the issue of adjusted gross revenue (AGR) dues from telecom companies to Monday. The matter will be heard at 3 pm today.
Coal Mining Privatization Case: SC to hear the coal mining privatization case.
TDSAT: The Telecom Disputes Settlement & Appellate Tribunal (TDSAT) is scheduled to hear TRAI Vs Vodafone case on Idea.
AGM Today: Annual General Meeting of companies, like Delta Corp Ltd, IDBI Bank Ltd. and SRF Ltd., is scheduled to be held today.
Ex-Dividend today: Birla Corporation, Clariant Chemicals India, Cummins India, National Peroxide Ltd will turn ex-dividend today. The ex-dividend date for stocks is usually set one business day before the record date.
Healthcare Global: The open offer will be opened today and close on August 28, 2020.
OPEC Joint Committee Meeting: OPEC Joint Committee Meeting is scheduled to be held between August 17 and 18, 2020, to review the deductions. The production was reduced to 77 lakh barrels per day from 97 barrels per day from August 1.
Post Market Results: These companies, namely UBL, Berger Paints, Sun TV, Glenmark Ph, IIFL Wealth, Alkyl Amines, Emkay Global, Huhtamaki, Clariant Chemicals, New India Assu, Olectra, have reported their financial results after the market hours on Friday. Find in details:
United Breweries Ltd: United Breweries on Friday reported a net loss of Rs 114 crore for the quarter ended on June 30, 2020. It had posted a net profit of Rs 165 crore in the corresponding quarter last year. Revenue from operations dropped 78% to Rs 507.4 crore in the quarter against revenue of Rs 2409.7 crore posted in the same quarter last year. There was an EBITDA loss of Rs 95 crore in Q1FY21 against an EBITDA gain of Rs 329 crore posted in Q1FY20.
Berger Paints: Berger Paints India Ltd. on Friday reported a 91% year-on-year (YoY) decline in consolidated profit at Rs 15.09 crore for the quarter ended on June 30, 2020. It had posted a net profit of Rs 176.41 crore in the corresponding quarter last year. Revenue from operations declined 46% YoY to Rs 930.7 crore against revenue of Rs 1,716.5 crore posted last year. EBITDA stood at Rs 92 crore, down 70% from Rs 305.18 crore posted last year. The margin contracted to 9.9% in Q1FY21 from 18% posted in Q1FY20.
Sun TV: Sun TV has reported a 33.6% decline in profit at Rs 257 crore for the quarter ended June 30, 2020. It posted a net profit of Rs 387 crore in the corresponding quarter last year. Revenue dropped by 41.2% to Rs 409 crore against Rs 1,110 crore last year. EBITDA stood at Rs 409 crore, down 41.2% against Rs 695 crore posted last year. The margin grew to 67% in Q1FY21 from 62.6% posted last year.
Glenmark Pharmaceuticals: The pharma major on Friday reported 132% year-on-year rise in consolidated profit at Rs 254 crore for the quarter ended on June 30, 2020. The company had posted a net profit of Rs 109.2 crore in the corresponding quarter last year. Revenue from operations was up 1% to Rs 2,344.7 crore against Rs 2,322 crore posted last year. EBITDA stood at Rs 478 crore, up 40% from Rs 340 crore posted last year. The margin contracted to 12% in Q1FY21 from 14.6% posted in Q1FY20.
IIFL Wealth Management: IIFL Wealth has reported a standalone profit of Rs 17 crore for the quarter ended June 30, 2020, against a loss of Rs 30.26 crore posted in the corresponding period last year. Revenue from operations grew 19.7x to Rs 34.5 crore in Q1FY21 against Rs 1.75 crore posted in Q1FY20.
Alkyl Amines Chemicals: Alkyl Amines on Friday reported a 50% rise in profit at Rs 52.7 crore for the quarter ended on June 30, 2020. It had posted a net profit of Rs 35 crore in the corresponding quarter last year. Revenue from operations dropped by 8% to Rs 245 crore in Q1FY21 against Rs 266.2 crore posted in Q1FY20.
Emkay Global Financial Services: The company on Friday reported a standalone loss of Rs 1.11 crore for the quarter ended on June 30, 2020. It had posted a net loss of Rs 1.12 crore in the corresponding quarter last year. Revenue from operations declined to Rs 27.9 crore in Q1FY21 against Rs 30 crore posted last year.
Huhtamaki PPL: The Packaging machinery manufacturing company Huhtamaki on Friday reported a profit of Rs 26.7 crore for the quarter ended on June 30, 2020, against a net profit of Rs 27.9 crore posted in the corresponding quarter last year. Revenue from operations stood at Rs 635.6 crore in Q1FY21 against Rs 633.7 crore posted last year.
Clariant Chemicals (India) Ltd.: The chemicals manufacturing company Clariant Chemicals on Friday reported a net profit of Rs 2.68 crore for the quarter ended June 2020, as compared to a profit of Rs 5.7 crore for the quarter ended June 2019. Revenue from operations declined to Rs 128.9 crore in Q1FY21 against Rs 209.8 crore posted in Q1FY20.
New India Assurance: The state-owned general insurance company New India Assurance on Friday reported a 3% year-on-year rise in profit at Rs 286.4 crore for the quarter ended June 30, 2020. It had posted a profit of Rs 278.1 crore in the corresponding quarter last year. Gross Written Premium grew by 6.5% in Q1FY21 to Rs 8,368.37 crore against Rs 7,860.64 crore posted last year. The net written premium was 7% up to Rs 6,784.4 crore against Rs 6,332.5 crore posted last year.
Fortis Healthcare: Fortis Healthcare on Friday reported a consolidated loss of Rs 188 crore for the quarter ended June 30, 2020, against a net profit of Rs 78 crore posted in the corresponding period of the previous fiscal. Revenue from operations dropped 46% to Rs 606 crore against Rs 1,138 crore posted last year.
Olectra Greentech: Olectra Greentech on Friday reported a net loss of Rs 5.08 crore for the quarter ended June 30, 2020, against a net profit of Rs 2.08 crore posted in the corresponding quarter of the last fiscal year. Revenue from operations dropped 42% to Rs 22 crore against Rs 38.18 crore posted last year.
SCI/GE SHIPPING: The shipping ministry on Friday rationalized port tariff ranging from 60% 70% for cruise ships plying on the rivers and oceanic waters of India, to support the domestic industry. The rationalized tariff will be applicable for a year, starting from August 14, 2020.
ICICI Bank: The lender has raised Rs 15,000 crore from the QIP issue. It approves allotment of 41.89 crore shares to qualified institutional buyers at an issue price of Rs 358 per share. The issue price is a 1.9% premium to the floor price and a 1.5% discount to Friday's closing price. List of allottees:
Monetary Authority Of Singapore - 11.08%
Morgan Stanley Investment - 7.31%
Societe Generale-ODI - 5.55%
See Zee Business Live TV Streaming Below:
Aarti Surfactants: Jaya Chandrakant Gogri and Nikhil Holdings Private Limited have announced an open offer to acquire upto 19.71 lakh equity shares for cash at a price of Rs 284 per share of Aarti Surfactants Limited.
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