Stocks in Focus on July 15: Wipro, Yes Bank to Emami; here are expected newsmakers of the day
Stocks in Focus on July 15: Wipro, Yes Bank, Delta Corp, Emami, etc. are expected newsmakers throughout the intraday trade session.
Stocks in Focus on July 15: Dragged by the financial sector stocks, the domestic equity markets slumped on Tuesday, July 14, 2020. The barometer S&P BSE Sensex tumbled 660.63 points or 1.80% at 36,033.06. The Nifty 50 index slumped 195.35 points or 1.81% at 10,607.35. But certain stocks came in news after the market was closed. These stocks can impact the indices when it reopens on Wednesday, July 15, 2020. List of such five stocks:
Triggers: There are certain events, like Results today, Rossari IPO update, RIL AGM, which can create positive/negative reactions in the markets. Find them in detail:
Results today: Infosys (Q1FY21), Bandhan Bank (Q1FY21), Federal Bank (Q1FY21), L&T Infotech (Q1FY21), Minda Corp (Q4FY20) and Andrew Yule (Q4FY20) will announce their financial results of the respective quarter’s today.
AGM: Annual General Meeting of Reliance is scheduled to be held today.
Rossari Biotech IPO: Today is the last day for the subscription of the initial public offering (IPO).
See Zee Business Live TV streaming below:
Results: Wipro, ICRA, Delta Corp, Khadim Indi, RIIL, Oberoi Realty have reported their financial results after the market hours on Tuesday. Find in details:
Wipro: IT major Wipro on Tuesday announced the financial results of the quarter ended on June 30, 2020. It reported a 2.8% quarter-on-quarter (QoQ) rise in consolidated profit after tax (PAT) at Rs 2,390 crore. It posted a consolidated profit of Rs 2,326 crore in the quarter ended on March 31, 2020. Consolidated revenue from operations in the quarter fell 5.3% QoQ to Rs 14,923 crore from Rs 15,751 crore posted in Q4FY20. IT Services segment revenue fell 7.3% in Q1FY21 to $182.2 crore from $207.4 crore posted in Q4FY20. EBIT stood at Rs 2,573.7 crore, up 1.3% from Rs 2,540.3 crore posted in the previous quarter. EBIT margin grew to 17.2% from the previous quarter’s margin of 16.1%. Q1FY21 IT margin beats previous 4 quarters IT margins.
ICRA: ICRA on Tuesday announced the financial results of the quarter ended on March 31, 2020, and reported a 31.8% year-on-year rise in consolidated profit at Rs 34.8 crore. It posted a consolidated profit of Rs 26.4 crore in the corresponding quarter last year. Consolidated sales increased 4% to Rs 87 crore in Q4FY20 against sales of Rs 83.6 crore posted in Q4FY19. EBITDA stood at Rs 32,5 crore, up 19% from Rs 27.3 crore. The margins grew to 37.3% against 32.6% posted last year.
Delta Corp Limited: Delta Corp has announced the financial results for the period ended on June 30, 2020. It reported a year-on-year consolidated loss of Rs 28 crore as against a profit of Rs 42 crore posted in the corresponding quarter in the last fiscal year. Consolidated sales fell 74% to Rs 48 crore in Q1FY21 as compared to Rs 186.5 crore posted in Q1FY20. EBITDA loss stood at Rs 33 crore in the quarter and margins declined to a negative 69.5%.
Khadim India: Khadim India on Tuesday announced the financial results of the quarter ended on March 31, 2020, and reported a consolidated year-on-year loss of Rs 19.8 crore. It posted a profit of Rs 1.2 crore in the corresponding quarter last year. Sales have declined by 23.5% in Q4FY20 to Rs 158 crore against sales of Rs 206.6 crore posted in Q4FY19. EBITDA loss stood at Rs 8.6 crore against EBITDA of Rs 9.2 crore posted last year.
Reliance Industrial Infrastructure Limited (RIIL): RIIL on Tuesday reported a consolidated profit of Rs 2 crore in June quarter 2021. Its consolidated sales dropped 36% year-on-year to Rs 12.9 crore in Q1FY21 compared to Rs 20.3 crore posted in Q1FY20. EBITDA stood at Rs 1.2 crore, down 45% against EBITDA of Rs 2.2 crore posted last year. The margin contracted to 9.3% from 10.8%.
OBEROI REALTY LTD.: The company on Tuesday reported the financial results for the period ended on June 30, 2020, as well as on March 31, 2020. Results Q1FY21: It reported an 81.5% year-on-year decline in a consolidated profit loss of Rs 28.1 crore in Q1FY21 against a profit of Rs 152.1 crore posted in Q1FY20. Consolidated revenue fell 80.4% to Rs 118 crore in Q1FY21 against revenue of Rs 603 crore posted in Q1FY20. EBITDA stood at Rs 57.9 crore in Q1FY21, down 75.4% from Rs 235 crore posted in Q1FY20. The margin grew to 49.1% against 39% posted last year.
Results Q4FY20: Oberoi Realty reported a 61% year-on-year rise in its consolidated profit in Q4FY20 to Rs 250.9 crore compared to a profit of Rs 155.7 crore posted in the corresponding quarter last year. Sales grew by 7% in Q4FY20 against Rs 573.5 crore posted in Q4FY19. EBITDA stood at Rs 370.5 crore in Q4FY20, up 76.7% compared to Rs 209.6 crore posted in Q4FY19. The margin grew to 60% in Q4FY20 compared to 36.5% posted in Q4FY19.
YES Bank: Private sector lender Yes Bank’s follow-on public offering (FPO) will be launched today. Yes Bank's FPO will open on July 15 and close on July 17. Bids can be made for minimum 1,000 shares and in multiples of 1,000 shares thereafter. The floor price has been set at Rs 12 per equity share, almost 50% lower than the market price. In addition to this, the lender’s Capital Raising Committee has approved the allocation of 342 crore shares to the anchor investors. The floor price for allocation has been set at Rs 12 per equity share. Besides, sources have said that the private sector lender has raised Rs 4,500 crore from anchor investors ahead of its follow-on public offer. The anchor investors’ space has been sold out. Tilden Park Capital has invested Rs 2,250 crore and will have a 9.9% stake in the private lender, sources. HDFC Life Insurance has invested Rs 400 crore, Amansa Holdings has invested Rs 373 crore and Elara India’s investment stands at Rs 372 crore.
Dabur/ Eveready Industries: Dabur has issued a clarification on the reports that "Dabur promoters family pick up 8.8% stake in Eveready." In its clarification, the company said the company was not aware of any such negotiations/events.
Emami Ltd: The group has completed the sale of Emami Cement Nuvoco Corporation at an Enterprise Value of Rs 5,500 crore. The proceeds from the sale will be used to redeem the pledged shares.
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