Stocks in Focus on October 30: IndiGo, Canara Bank, HPCL, Aviation stocks to Vodafone Idea; here are the 5 Newsmakers of the Day

Key equity benchmarks ended with modest losses on Thursday, October 29, 2020. The S&P BSE Sensex, lost 173 points or 0.43 per cent to settle at 39,750. The NSE Nifty-50 index also slipped 59 points or 0.5 per cent to settle at 11,671. But certain stocks came in news after the market was closed. These stocks can impact the indices when it reopens on Friday, October 30, 2020. List of such five stocks:

Triggers: Certain events, like Result and ICICI Lombard, can create positive/negative reactions in the share market when it opens today. Find them in detail:

Results: 

Nifty: IOC, UPL, Reliance, Indusind Bank 
F&O: Max Financial Services, DLF, JSPL 

ICICI Lombard General Insurance joins futures market

Post Market Results: Some companies, like Indigo, Canara Bank, TVS Motor and Vodafone Idea, posted their September quarter results after the markets were closed for trading purposes on Thursday. These stocks are likely to be in action today when the market will open for trading purposes. Details:

InterGlobe Aviation (IndiGo): The parent company of India’s largest and low-cost airline, IndiGo on Thursday reported a net loss of Rs 1,195 crore for the quarter ended September 30, 2020, compared with a loss of Rs 1,062 crore posted last year in the same quarter. Revenue from operations dropped 66.2% to Rs 2,741 crore against Rs 8,105 crore posted last year. EBITDAR increased 59.3% YoY to Rs 408.5 crore in September quarter this year against Rs 256.4 crore posted last year. The EBITDAR margin grew to 14.9% in Q2FY21 against 3.2% posted in Q2FY20. 

Canara Bank: The public lender Canara Bank has reported a 9.4% quarter-on-quarter rise in profits at Rs 444 crore for the quarter ended September 30, 2020. It had posted a net profit of Rs 406 crore in the previous quarter ended June 30, 2020. Net Interest Income (NII) grew 3.3% to Rs 6,296 crore in September quarter this year against Rs 6,096 crore posted in June quarter this year. Provisions for bad loans and contingencies for the reported quarter rose 5% to Rs 4,017 crore as against Rs 3826 crore posted in June 2020. Canara Bank’s gross non-performing assets (NPAs) fell marginally to 8.23% of the gross advances as of September 30, 2020, as against 8.84% posted in June 2020. Net NPAs fell substantially to 3.42% from 3.95%. 

TVS Motor: India’s third-largest motorcycle company, TVS Motor has reported a 23.1% declined in profit at Rs 196 crore for the quarter ended September 30, 2020. It had posted a net profit of Rs 255 crore in the same quarter last year. Revenue from operations grew 5.9% to Rs 4,605 crore in the July to September period this year against Rs 4,348 crore posted last year in the same period. EBITDA stood at Rs 429.7 crore, up 12.3% from Rs 382.5 crore. The margin grew to 9.3% in Q2FY21 against 8.8% posted in 8.8%. 

Vodafone Idea: The telecom major on Thursday reported a consolidated loss of Rs 7,218 crore for the quarter ended September 30, 2020, against a net loss of Rs 25,460 crore posted in the quarter ended June 30, 2020. Revenue from operation increased 1.2% to Rs 10,791 in July to September period this year against Rs 10,659 crore posted in April to June period of the same year. EBITDA grew 1.3% to Rs 4,152 crore in the period under observation against Rs 4,098 crore posted in the previous quarter. The margin remained almost flat at 38.5% in Q2FY21 against 38.4% posted in Q1FY21. The average revenue per user (ARPU) - a key performance parameter – rose to Rs 119 from Rs 114 in the previous quarter.

HPCL: The board of directors of the company is scheduled to meet on November 4, 2020, and consider the buyback proposal of the fully paid equity shares. 

Aviation Stocks in Focus: Government has extended the cap on airfares cap by three months beyond November 24, 2020. The cap on airfares will be in place till February. 

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Tata Group/Shapoorji Pallonji Group: The Shapoorji Pallonji (SP) group on Thursday said that it has submitted a plan to Supreme Court to end its association with the Tata Group. SP Group is the single largest shareholder in Tata Sons Ltd with an 18.37% stake, which is over Rs 1,75,000 crore. SP Group has proposed that its stake in Tata Sons be swapped for a pro-rata stake in the Tata Group’s listed companies. It also proposed that its share of the Tata brand and unlisted group companies be settled in cash or marketable securities.