Stocks in Focus on July 13: Rossari Biotech, DMart, Biocon to Clariant Chemicals; here are the 5 Newsmakers of the Day

Stocks in focus today: Domestic shares markets closed with modest losses on Friday, July 10, 2020. The barometer S&P BSE Sensex lost 143.36 points or 0.39% at 36,594.33. The Nifty 50 index fell 45.40 points or 0.42% at 10,768.05. But certain stocks came in news after the market was closed. These stocks can impact the indices when it reopens on Monday, July 13, 2020. List of such five stocks:

Triggers: There are certain events, like PM meet with Finance Ministry, Rossari IPO, Wipro AGM, June CPI, Ex-dividend, which can either create positive/negative reactions in the markets. Find them in detail:

PMO meet with finance ministry: The Prime Minister's Office has sought suggestions from the finance ministry to augment revenues. Prime Minister's Principal Secretary P.K. Mishra will hold a meeting with senior officials of the finance ministry on today on revenue positions and possible measures to improve revenues. The finance ministry will give a presentation on the status of revenue to the PMO
Rossari Biotech IPO: Rossari Biotech's public issue of Rs 500 crore will open for subscription today and will remain open till July 15, 2020. Rossari Biotech has fixed a price band of Rs 423-425 per equity share. Investors can bid in lot sizes of 35 shares. Rossari Biotech's IPO comprises fresh issuance of shares worth Rs 50 crore and the sale of 1,05,00,000 equity shares by the company's promoters through offer-for-sale route. Post the IPO, the promoter shareholding will fall to 73% from 95% earlier. The equity shares will be listed on the NSE and BSE. According to brokerages, the likely date of listing could be July 23, 2020. 

AGM: AGM of Wipro is scheduled to be held today. 

CPI Data: June CPI data will be released today. 

EX Dividend: Dr Reddy, Tata Elxsi and ELANTAS will turn ex-dividend today. The ex-dividend date for stocks is usually set one business day before the record date. 

Post-Market Results: SAIL, D-Mart, GNFC, IRCTC, IRCON, Future Consumer, Lakshmi Vilas Bank, Indiabulls Integrated have reported their financial results after the market hours between Friday and Sunday. Find in details:

SAIL: Steel Authority of India on Friday announced the financial results of the quarter that ended on March 31, 2020, and reported a year-on-year multi-fold jump (six times) in the standalone profit to Rs 2,725 crore. It posted a net profit of Rs 468.4 crore in the corresponding quarter of last fiscal. Standalone revenue from operations declined 12.6% to Rs 16,171 crore from Rs 18,506 crore posted in the year-ago quarter. EBITDA stood at Rs 6,459 crore, up 192% from Rs 2,214.5 crore. Margins went up to 39% in Q4FY20 from 11.9% posted in Q4FY19.

DMART: Avenue Supermarts, which owns and operates retail chain DMart, on Saturday announced the financial results of the Q1FY21 and reported an 85% year-on-year drop in standalone profit to Rs 50 crore. It posted a profit of Rs 335 crore in the same quarter last year. Revenue from operations declined 34% to Rs 3,833 crore from Rs 5,780 crore posted last year. EBITDA stood at Rs 109 crore, down 82% from last year’s Rs 596 crore. The margin contracted to 2.8% from last year’s 10.3%. 

GNFC: Gujarat Narmada Valley Fertilizers and Chemicals Ltd. (GNFC) on Friday announced its quarterly results for the quarter ended on March 31, 2020, and reported a 154% year-on-year (YoY) 154% rise in profit at Rs 239 crore. It posted a net profit of Rs 94 crore in the corresponding quarter last year. The net revenue in Q4FY20 stood at Rs 1,342 crore, which declined by 6% YoY from Rs 1,430 crore in Q4FY19. EBITDA stood at Rs 162.5 crore, up 54% from last year’s Rs 105 crore. The margin went up to 12.1% from last year’s margin of 7.3%. 

IRCTC: Indian Railway Catering and Tourism Corporation (IRCTC), the ticketing arm of Indian Railways, on Friday announced the financial results of the quarter that ended on March 31,2 020, and reported a sharp jump of 78% in its net profit at Rs 150 crore. It posted a net profit of Rs 84 crore in the same quarter last year. The state-owned company’s revenue from operations increased by 18% to Rs 587 crore from Rs 498 crore. EBITDA stood at Rs 202 crore, up 186% from Rs 70.6 crore. EBITDA margins increased to 34% from 14%. The board has recommended a final dividend of Rs. 2.50 per equity share. 

IRCON International: IRCON International Ltd on Friday reported financial results for the period ended March 31, 2020, and reported a year-on-year 15.3% rise in profit to Rs 115 crore. It reported a net profit of Rs 99.7 crore in the corresponding quarter of last year. Revenue from operations was up 4% to Rs 1,873 crore in Q4FY20 from Rs 1,797 crore in Q4FY19. EBITDA declined to Rs 155 crore from last year’s Rs 189 crore. The margin contracted to 8.2% in Q4FY20 from 10.5% of Q4FY19. 

Future Consumer: Future Consumer Ltd has announced the financial results for the period ended March 31, 2020, and reported a loss of Rs 175 crore. IT posted a profit of Rs 7.53 crore last year in the same quarter. Revenue from operations declined to Rs 947 crore from Rs 1,037 crore posted in the same quarter last year.  

Lakshmi Vilas Bank: Lakshmi Vilas Bank has reported a net profit of Rs 92.8 crore for the March quarter of the financial year 2019-20. It posted a loss of Rs 264 crore in the same quarter in the financial year 2018-19. Net interest income (NII) of the private sector lender in the quarter declined 51% year-on-year to Rs 68.57 crore from last year’s Rs 140 crore. Gross NPA stood at 25.39% in the quarter. The Net NPA slipped to 10.04% as against 9.81% at the end of December.

Indiabulls Integrated: Indiabulls Integrated Services Ltd on Saturday announced its financial results for the period ended March 31, 2020, and reported a consolidated loss of Rs 32 crore against a profit of Rs 94 crore posted in the same quarter in last fiscal. Consolidated revenue from operations declined 6% to Rs 47 crore from Rs 50 crore.

Banks in Focus: Reserve Bank of India Governor Shaktikanta Das said that the economic impact of the coronavirus pandemic and lockdown may lead to higher non-performing assets (NPA) and capital erosion of the bank. He said that the banks, in these challenging times, will have to improve their governance and sharpen their risk management. They will also have to raise capital on an anticipatory basis instead of waiting for a situation to arise. He said, building buffers and raising capital will be crucial not only to ensure credit flows but also to build resilience in the financial system. Besides, the governor has called for a legislative backing needed for a resolution corporation to deal with the financial sector stress.

Biocon: Biocon’s COVID-19 drug Itolizumab received approval from the Drug Controller General of India on Friday to use on COVID patients.

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Clariant chemicals: Board of Directors of Clariant Chemicals (India) Limited had approved the payment of Special Interim Dividend on Equity Shares at Rs. 140/- per share i.e., 1400% of the Paid-up Equity Share Capital of the Company for the Financial year 2020-21. The Special Interim Dividend shall be paid on or after July 19, 2020. The board has fixed July 18, 2020, as the Record Date for the purpose.