Stocks in Focus on May 29: Lupin, Aviation Stocks to IRCTC; here are the 5 Newsmakers of the Day

Backed by the rally in banks and auto shares on Thursday, May 28, 2020, the domestic share markets ended with robust gains. The barometer S&P BSE Sensex jumped 595.37 points or 1.88% at 32,200.59. The Nifty 50 index gained 175.15 points or 1.88% at 9,490.10. But certain stocks came in news after the market was closed. These stocks can impact the indices when it reopens on Friday, May 29, 2020. List of such five stocks:

Lupin/ CEAT/ Muthoot Capital/ Heidelberg/ Rain Industries: These are some companies that reported there March quarter FY20 results after the market hours on Thursday, May 28, 2020. 

Lupin Ltd: Lupin on Thursday posted financial results for the period ended March 31, 2020, and reported a 34.5% year-on-year rise in consolidated profit at Rs 389.6 crore. The drugmaker reported a profit of Rs 289.6 crore in the corresponding quarter last year. Company’s revenue from operation slipped 1.1% to Rs 3,845.7 crore against Rs 3,886.6 crore reported a year ago. EBITDA fell 32.6% to Rs 525.3 crore Vs Rs 779 crore of last year. Margins stood at 13.7% against 20% of Q4FY19.
 
CEAT: Tyre maker Ceat on Thursday reported a 19.3% year-on-year decline in consolidated net profit at Rs 51.9 crore for the fourth quarter ended March 31, 2020. The company had posted a net profit of Rs 64.3 crore in January-March quarter a year ago. Revenue from operations declined 10.6% to Rs 1,573.4 crore during the quarter under review as compared with Rs 1,760.5 crore in the corresponding of 2018-19. EBITDA grew 23.3% to Rs 200.3 crore against Rs 163 crore. The margin grew to 12.7% against 9.2%. Besides, the company has resumed operations at most of the factories and is gradually seeing a pickup in demand as well. The company has considered an exceptional cost of Rs 28 crore for VRS of employees and COVID-19 provisioning. 

Muthoot Capital: The company on Thursday posted the financial results for the period ended on March 31, 2020 (Q4FY20) and reported a 38.5% year-on-year decline in profit after tax at Rs 13.9 crore against Rs 22.6 crore posted in the same quarter last year. Revenue from operations was 146.9 crore, up 7.1%, from Rs 137.2 crore. EBITDA declined by 10.4% to Rs 75.2 crore from Rs 84 crore posted last year. The margin was 51.2% against 61.2%. 

HeidelbergCement India: The company on Thursday posted an 8.9% year-on-year rise in profit at Rs 66.3 crore for the fourth quarter ended March 2020 helped by cost optimisation efforts. The company had a net profit of Rs 60.90 crore in January -March a year ago. However, revenue from the operation was down 6.2% to Rs 509.8 crore during the quarter under review as against Rs 534.4 crore in the corresponding period previous fiscal. EBITDA stood at Rs 127.4 crore, up 2%, against Rs 125.2 crore of last year. In Q4, our EBITDA margins have shown improvement to 25% against 23% despite the disruption caused by COVID-19. Besides, the board has recommended a final dividend of Rs 6 per equity share.
 
Rain Industries: It posted the financial results for the period ended on March 31, 2020. The company has reported a 54.8% year-on-year rise in the profit at Rs 106.5 crore in Q1 CY2020 against Rs 68.8 crore posted in Q1CY19. Revenue from operations dropped by 9.3% to Rs 2,897.7 crore against Rs 3,196.5 crore posted last year. EBITDA stood at Rs 447. 3 crore, up 24.6%, against Rs 359 crore and margin improved to 15.4% Vs 11.2%. 

MSCI India Index changes: The half-yearly changes on the MSCI India Index will take place after the market is closed today. These changes will be effective from June 1, 2020. The shares that will be included in the India domestic index are Abbott India, IPCA Lab, Jubilant Foodworks, PFC, Tata Consumer Products and Torrent Pharma. The stocks that will face exclusion from the index include Ashok Leyland, Bank of Baroda, Cummins India, M&M Financial and Tata Power.

Aviation Stocks in focus: Karnataka government on Thursday requested the civil aviation ministry to reduce the number of flights from five states, namely Maharashtra, Gujarat, Tamil Nadu, MP and Rajasthan to prevent the spread of coronavirus. The state says it had sought the Civil Aviation Ministry to take steps to lessen the air traffic from the five states most affected by Covid-19 as it may not have enough quarantine facilities. The clarification comes amid reports that sate asked a complete flight ban from the above states.

IRCTC: Railways has restored ticket the advance reservation period (ARP) for special Rajdhani trains operating presently and mail express trains that will begin operations June 1 onwards, to 120 days.

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IOL Chemicals/Aarti Drugs/Granules India/Indoco Remedies: The Directorate General of Foreign Trade on Thursday lifted the export restrictions on Paracetamol active pharmaceutical ingredient (API), almost three months after the curbs were put in place due to shortage of supply from China amid the Covid-19 pandemic. DGFT had restricted the exports of 26 bulk drugs and their formulations on March 3 to ensure there is no shortage of drugs in India but had freed 24 of them in April.