Stocks in Focus on November 4: Adani Port, PVR, Majesco, Schneider Electric to Adani Gas; here are the 5 Newsmakers of the Day

Domestic stocks markets, Sensex and Nifty, closed with strong gains on Tuesday, November 3, 2020. The gains were supported by the banks and financial stocks. The S&P BSE Sensex rallied 503.55 points, or 1.27 per cent, to 40,261.13. The Nifty 50 gained 144.35 points, or 1.24 per cent, and ended at 11,813.50. But certain stocks came in news after the market was closed. These stocks can impact the indices when it reopens on Wednesday, November 4, 2020. List of such five stocks:

Results: 

Nifty: SBI,   
F&O: Apollo Tyres, Pidilite, Lupin, HPCL, Adani Enterprises, United Spirits, Petronet LNG, SRF 

HPCL: The board of the company is scheduled to meet today to consider and approve a proposal to Buy-Back the fully Paid Equity Shares of the Company.

Post Market Results: Some companies, like Adani Port and PVR, posted their September quarter results on Tuesday after the markets were closed for trading purposes. These stocks are likely to be in action today when the market will open for trading purposes. Details: 

Adani Port & SEZ: Adani Ports and Special Economic Zone (SEZ) Ltd on Tuesday reported 31.6% year-on-year growth in consolidated profit at Rs 1,387 crore for the quarter ended September 30, 2020. It had posted a profit of Rs 1,054 crore in the corresponding quarter last year. Revenue from operations grew 2.9% to Rs 2,902.5 crore in the reported quarter against Rs 2,821 crore posted last year in the same quarter. Adjusted EBITDA stood at Rs 1,850.5 crore, up 3.3% from Rs 1,791 crore posted last year. The adjusted margin remained almost flat at 63.8% in Q2FY21 against 63.4% posted in Q2FY20. Besides, the company has returned to growth trajectory registering a cargo volume growth of 7% on a YoY basis and 36% on QoQ basis. Its overall market share grew to 24% and container market share grew up to 39%.

The company has said that the cargo volume expected to be higher in H2 FY21. 

PVR Ltd: Multiplex chain PVR on Tuesday reported consolidated losses of Rs 184 crore for the quarter ended September 30, 2020, as compared to a profit of Rs 48 crore posted during the corresponding period of last year. Consolidated revenue for the reported quarter fell 95.8% to Rs 40.5 crore against Rs 973 crore posted last year in the same quarter. Consolidated EBITDA loss for the quarter stood at Rs 85 crore as against a positive EBITDA of Rs 317 crore in the same period last year. Also, the management has said that most cinemas are allowed to reopen and out of a total of 831 screens of the company 575+ have received permission to reopen. Permission in Maharashtra and Telengana is awaited. The company is offering festive promotions and discounts for our patrons. It expects that once the new content is released the business will gradually recover. 

Majesco: The Company has revised and fixed the record date to be Friday, November 13, 2020, to determine the entitlement and the names of equity shareholders who are eligible to participate in the buyback. Earlier the record date was fixed on November 12, 2020. Board of Directors of the Company approved the proposal to buyback up to 74.70 lakh equity shares of the Company each at Rs 845 per equity share on a proportionate basis through the tender offer process. 

Schneider Electric: The company has postponed the board meeting for approval of the financial results for the half-year and second quarter ended September 30, 2020. The board meeting was earlier scheduled to be held on November 4, 2020, which has been delayed now. The next date of the Board meeting will be informed later. 

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Adani Gas: The Company has signed a Business Transfer Agreement on Tuesday for the acquisition of the business undertaking about City Gas Distribution and retail sale of CNG that is being undertaken in Geographical Areas of Jalandhar, Ludhiana and Kutch (East), as a going concern on a slump sale basis, in the manner and on the terms recorded in the Business Transfer Agreement. This acquisition offers more than 1 million households, more than 7 lacs CNG vehicles and a large number of industrial and commercial customers.