Stocks in Focus on September 3: Coal India, Dish TV, Tata Motors, Aviation Stocks to Real Estate Stocks; here are expected newsmakers of the day
Stocks in Focus on September 3: Coal India, Dish TV, Tata Motors, Aviation Stocks, Real Estate Stocks are expected to remain newsmakers throughout the intraday trade session.
Stocks in Focus on September 3: Backed by positive global cues, the domestic stocks markets ended with decent gains on Wednesday, September 2, 2020. The S&P BSE Sensex gained 185.23 points or 0.48% at 39,086.03. The Nifty 50 index rose 64.75 points or 0.56% at 11,535. The Nifty has risen 1.30% in two sessions. But certain stocks came in news after the market was closed. These stocks can impact the indices when it reopens on Thursday, September 3, 2020. List of such five stocks:
Triggers: Certain events, like Results Today, Loan moratorium case hearing, FM-Bankers/NBFCs meet, Weekly Expiry, RBI OMO, PM Modi's address, Ex-dividend and AGM, that can create positive/negative reactions in the share market when it opens today. Find them in detail:
Results Today:
F&O: Page Industries (variable)
Cash: Zuari Agro Chemicals, Panacea Biotec, MSTC, Essar Shipping, N R Agarwal Industries, Jubilant Industries
Loan Moratorium Case: The case is listed for being heard in the Supreme Court today.
Finance Minister and Bankers/NBFCs: FM Nirmala Sitharaman to have a meeting with top management of Scheduled Commercial Banks and NBFCs today.
Weekly Expiry: The weekly index options will expire on Nifty and Bank Nifty, today.
RBI OMO: The second tranche of OMO of Rs 10,000 crore will be held today. Reserve Bank has decided to conduct simultaneous purchase and sale of government securities under Open Market Operation (OMO) for an aggregate amount of Rs 20,000 crores in two tranches of Rs 10,000 crores each. The auctions would be conducted on August 27, 2020, and September 3, 2020.
Prime Minister Narendra Modi: He will deliver a keynote address to the third leadership summit of US India Strategic and Partnership Forum (USISPF) today.
AGM Today: Annual General Meeting of Dabur India and Hindustan Zinc is scheduled to be held today.
Ex-Dividend today: Certain stocks will turn ex-dividend today. The ex-dividend date for stocks is usually set one business day before the record date. Details
Centum Electronics: Final Dividend – Rs 2.50
Crest ventures: Final Dividend – Rs 0.50
EMMBI Industries: Final Dividend – Rs 0.40
Golkunda Diamonds: Final Dividend – Rs 1.00
Garden Reach: Final Dividend – Rs 1.40
Hindalco: Final Dividend – Rs 1.00
Manali Petrochemical: Dividend – Rs 0.75
Pilani Investment: Dividend – Rs 25.00
PNB Gilts: Final Dividend – Rs 3.00
PTL Enterprises: Interim Dividend – Rs 2.50
SIKA Interplant systems: Final Dividend – Rs 1.10
Solar Industries: Final Dividend – Rs 6.00
Surya Roshni: Dividend – Rs 2.00
TTK Health: Final Dividend – Rs 3.00
Ujjivan Financial: Dividend – Rs 0.80
YUG Décor: Final Dividend – Rs 1.40
See Zee Business Live TV streaming below:
Post Market Results: These companies, like Coal India, Dish TV, Infibeam and Navkar Corp, have reported their financial results after the market hours on Wednesday. Find in details:
Coal India: The mining major Coal India on Wednesday reported a 55.1% year-on-year drop in consolidated profit at Rs 2,077.5 crore for the quarter ended June 30, 2020. It had posted a net profit of Rs 4,630 crore in the year-ago period. Consolidated Revenue dropped 25.9% to Rs 18,486.8 crore compared to Rs 24,939 crore posted last year. EBITDA stood at Rs 3,051.6 crore down 25.9% from Rs 6.612 crore. The margin contracted by around 10% to 16.5% in Q1FY21 from 26.5% posted in Q1FY20.
Dish TV: The direct broadcast satellite service provider Dish TV on Wednesday reported a consolidated profit of Rs 74.5 crore for the quarter ended June 30, 2020, against a loss of Rs 35.4 crore posted in the quarter ended June 30, 2019. Consolidated revenue dropped 9.8% to Rs 835.6 crore against Rs 926.3 crore posted last year. EBITDA stood at Rs 551.4 crore, up 2.9% from Rs 536.1 crore posted last year. The margin advanced to 66% in Q1FY21 from 57.9% posted in Q1FY20.
Infibeam Avenues: The digital payments and e-commerce technology platforms company Infibeam Avenues has reported a 59% decline in the consolidated profit at Rs 11.8 crore for the quarter ended June 30, 2020. It had posted a net profit of Rs 28.8 crore in the corresponding quarter last year. Consolidated revenue dropped 44.6% to Rs 102.7 crore as against Rs 185.5 crore posted last year. EBITDA stood at Rs 31 crore, down 18% from Rs 37.8 crore posted last year. The margin advanced by around 10% in Q1FY21 to 30.2% from 20.4% posted last year.
Navkar Corp: The warehousing and storage company Navkar Corp has reported a consolidated loss of Rs 12.5 crore for the quarter ended June 30, 2020. It posted a net profit of Rs 11.4 crore in the corresponding quarter of the last fiscal. Consolidated profit dropped 11% to Rs 121.5 crore in Q1FY21 against Rs 136.5 crore posted last year. EBITDA stood at Rs 16 crore, down 61.8% from Rs 41.9 crore posted last year. The margin contracted to 13.2% in Q1FY21 against 30.7% posted in Q1FY20.
Tata Motors: Tata Motors has announced the August month sales report and reported a 21.6% year-on-year rise in total domestic sales at 35,420 units in August 2020 compared to 29,140 units sold in August 2019. Total commercial vehicle (CV) sales dropped 28% to 17,889 units this year compared to 24,850 units sold last year in the same month. Total domestic CV sales dropped 22.9% to 16,837 units this year against 21,824 units sold last year. CV exports dropped 65.2% to 1,052 units from 3,026 units sold last year. Total passenger vehicles (PV) sales grew 154% to 18,583 units in August 2020 Vs 7,316 units sold in August 2019.
Aviation stocks in focus: The Aviation Ministry yesterday allowed airlines to operate with 60% capacity in the domestic segment. Earlier airlines were allowed to operate with 45% capacity.
Real estate stocks in Focus: To boost sluggish demand and sales in the real estate sector, the central government in its appeal has asked the state governments’ to reduce property stamp duty. Union Urban Development Ministry has written a letter to all state secretaries.
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