Stocks in Focus on July 30: Bharti Airtel, IndiGo to BPCL; here are expected newsmakers of the day

Stocks in Focus on July 30: The domestic stocks markets ended with steep losses on Wednesday, July 29, 2020, dragged by a correction in index heavyweight Reliance Industries. The barometer index, the S&P BSE Sensex dropped 421.82 points or 1.10% at 38,071.13. The Nifty 50 index lost 97.70 points or 0.86% at 11,202.85. But certain stocks came in news after the market was closed. These stocks can impact the indices when it reopens on Thursday, July 30, 2020. List of such five stocks:

Triggers: There are certain events, like results today, expiry, Mindspace REIT IPO, Ex-dividend, AGM, Rights Issue (Shriram Trans & Gateway), which can create positive/negative reactions in the markets. Find them in detail:

Results today: HDFC, RIL, Torrent Pharma, Dabur, Cholamandalam Investment, Max Financial Services, Piramal Enterprises, SRF, GMR Infra (Q4FY20).

See Zee Business Live TV streaming below:

Expiry: July 2020 series will expire today. NCC and Just Dial will get out of the futures markets. HDFC Life will replace the outgoing Vedanta the Nifty 50 index from July 31.
 
Mindspace Business Park REIT IPO: The Rs 4,500-crore public offer of Mindspace Business Parks REIT saw 12.96 times subscription on July 29, the last day for bidding. The portion set aside for qualified institutional buyers (QIB) has seen subscription of 10.61 times, while the portion set for non-institutional investors was subscribed 15.77 times.

AGM: Annual General Meeting of HDFC Ltd, Dr Reddy’s, Piramal Enterprises and Tata power is scheduled to be held today. 

Gateway Distripark Rights issue: Logistics services company Gateway Distriparks Ltd will launch its Rs 150 crore rights issue on 30 July. The company has fixed a price of Rs 72 per share for the rights share sale. The rights issue will close on 13 August.

Shriram Transport Finance: Rights issue will close today. 

Ex-Dividend: Balaji Amines, Bombay Cycle & Motor Agency, Century Enka, Essel Propack, Gabriel India, Hero MotoCorp, Hindustan Unilever, Matrimony.com and Orient Electric will turn ex-dividend today. The ex-dividend date for stocks is usually set one business day before the record date.

Results: These companies, namely Bharti Airtel, TVS, IndiGo, GSK Pharma, Chambal, Navin Fluorine, Phoenix Mills, CEAT and RVNL, have reported their financial results after the market hours on Wednesday.

Find in details:

Bharti Airtel: Bharti Airtel on Wednesday reported a quarter-on-quarter (QoQ) consolidated loss of Rs 15,933.1 crore for the quarter ended on June 30, 2020, i.e. Q1FY21. It posted a loss of Rs 5,237 crore in the previous quarter, i.e. Q4FY20. Revenue declined by 0.9% to Rs 23,938.7 crore from Rs 23,723 crore posted in the previous quarter. EBITDA stood at Rs 10,639 crore, up 4.30% from Rs 10,202 crore posted in March quarter. EBITDA margin advanced to 44.4% from 43%. Mobile revenue grew 2% QoQ, with average revenue per user (ARPU) for the quarter rising to Rs 157 as compared to Rs 154 QoQ, led by the full impact of our tariff hikes in the previous quarter alongside its continued focus on quality customers. Exceptional loss of Rs 11745.7 crore comprises of a charge on account of incremental provision, interest on the license fee, spectrum usage charges and net charge pertaining to re-assessment of levies.

TVS Motor: TVS Motor on Wednesday reported a standalone loss of Rs 139.1 crore for the quarter ended on June 30, 2020. It had posted a net profit of Rs 142.3 crore in the corresponding quarter last year. Consolidated revenue fell by 67.9% year-on-year (YoY) to Rs 1,431.7 crore during the quarter under review. It posted revenue of Rs 4,468.6 crore last year. There was an EBITDA loss of Rs 48.8 crore in Q1FY21 from the EBITDA profit of Rs 356 crore posted in Q1FY20. The margin for Q1FY21 shifted to the negative zone to -3.4% from a positive margin of 8% posted in the same quarter last year.

IndiGo: InterGlobe Aviation, the parent firm of IndiGo, on Wednesday reported a year-on-year consolidated loss of Rs 2,844.3 crore for the quarter ended on June 30, 2020. It posted a net profit of Rs 1,200 crore in the corresponding quarter last year. Consolidated sales fell 91.9% to Rs 766.7 crore from Rs 9,420 crore posted last year. It reported a negative EIBITDAR of Rs 1,537.6 crore for the quarter against positive EBITDAR of Rs 2,652 crore posted last year. 

GlaxoSmithKline (GSK) Pharmaceuticals: Drug firm GSK pharma has reported a 2.4% year-on-year decline in the consolidated profit at Rs 110.8 crore for the quarter ended on June 30, 2020. It posted a net profit of Rs 113.5 crore in the corresponding quarter last year. Consolidated sales in the quarter declined by 17.7% to Rs 648.6 crore as compared to Rs 787.9 crore posted last year. EBITDA stood at Rs 114 crore, down 31% from Rs 165.2 crore. The margin contracted to 17.6% in Q1FY21 from 20.97% posted in Q1FY20. 

Chambal Fertilizer: Chambal Fertilizer has reported an 81.5% year-on-year rise in the consolidated profit at Rs 298.4 crore for the quarter ended on June 30, 2020. It posted a net profit of Rs 164.4 crore in the corresponding quarter last year. Consolidated sales grew 12.8% to Rs 3,218.7 crore against sales of Rs 2,854.7 crore posted in the same quarter last year. EBITDA stood at Rs 590.2 crore, up 32.2% from Rs 446.3 crore. The margins grew to 18.3% from 15.6% posted last year. 
 
Navin Fluorine International Limited: Navin Flourine on Wednesday reported a 33.4% year-on-year rise in consolidated profit at Rs 53 crore for the quarter ended on June 30, 2020. It posted a net profit of Rs 39.6 crore in the corresponding quarter last year. Consolidated sales of the quarter fell by 14.5% to Rs 214.9 crore against Rs 251.5 crore posted last year. EBITDA stood at Rs 53.8 crore, down 11.9% from Rs 61.1 crore. The margin advanced to 25% from 24.3%. 

Phoenix Mills: Phoenix Mills has posted a year-on-year consolidated loss of Rs 52 crore in the quarter ended on June 30, 2020. It posted a net profit of Rs 153.7 crore in the corresponding quarter last year. Sales declined 78.1% to Rs 134.7 crore in Q1FY21 from Rs 615 crore posted last year in the same quarter. EBITDA fell 76% to Rs 70.3 crore from Rs 292.7 crore. The margins advanced to 52.2% from 47.6% posted last year.

CEAT: Tyres maker CEAT on Wednesday reported a consolidated loss of Rs 35.2 crore for the quarter ended on June 30, 2020. It posted a net profit of Rs 82.2 crore in the same quarter last year. Consolidated sales declined by 36.1% in the quarter to Rs 1,120.2 crore from Rs 1,752.1 crore posted in the corresponding quarter last year. EBITDA stood at Rs 102 crore, down 39% from Rs 167.1 crore. The margin contracted to 9.1% from 9.5%. 

Rail Vikas Nigam Limited (RVNL): RVNL on Wednesday reported a 29.22% year-on-year rise in the consolidated profit to Rs 247.3 crore in the quarter ended on June 30, 2020. It posted a net profit of Rs 191.4 crore in the corresponding quarter last year. Consolidated sales grew by 23.15% to Rs 4,220.7 crore against net sales of Rs 3,427.1 crore posted last year in the same quarter. EBITDA stood at Rs 207.9 crore, up 17.20% from Rs 177.4 crore. The margin contracted to 4.9% against 5.2% posted last year.

PVR/INOX/Aviation Stocks in Focus + Phoenix Mills (Maharashtra specific): Home Ministry has issued UNLOCK 3.0 guidelines for opening up of more activities in areas outside the Containment Zones. The process of phased re-opening of activities has been extended further in Unlock 3, which will come into effect from August 1, 2020. All activities except Metro Rail, Cinema halls, swimming pools, entertainment parks, theatres, bars shall be permitted outside containment zones. International air travel of passengers has been permitted in a limited manner under the Vande Bharat mission. Besides, Pheonix Mills will be in focus today as Maharashtra government has allowed the opening of malls, market complexes without theatres, food courts and restaurants between 9 am and 7 pm from August 5, 2020.

BPCL: Government extends deadline for submission of Expression of Interests (EoIs) by potential bidders to September 30, 2020, as against a previous deadline of July 31, 2020. The date was extended due to the prevailing situation arising out of COVID-19 pandemic. 

Reliance Industries’ (RIL): PMS Prasad, the executive director of the company, has pledged 6 lakh shares, worth around Rs 100 crores, of the company last month, which is 93.75% of the total shares he owns in RIL.