Stocks in Focus on June 30: Finolex Cables, NBCC, Pharma & Steel Sectors to Bharti Airtel; here are the 5 Newsmakers of the Day

Domestic stocks markets closed with modest losses on Tuesday, June 29, 2021, amid profit booking. Metals, auto and financial stocks exerted pressure on the bourses today. The S&P BSE Sensex fell 185.93 points or 0.35 per cent to 52,549.66. The Nifty 50 index lost 66.25 points or 0.42 per cent to 15,748.45. But certain stocks came in the news after the market was closed. These stocks can impact the indices, when it reopens on Wednesday, June 30, 2021. List of such five stocks:

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Finolex Cables + NBCC + Ruchi Soya + EID Parry 

Finolex Cables: The manufacturer of electrical and telecommunication cables has reported a 160.9% YoY rise in the consolidated profit at Rs 167 crore for the quarter ended March 31, 2021. It had posted a profit of Rs 64 crore in the corresponding quarter of the previous financial year. Consolidated revenue from operations grew 41.5% to Rs 921 crore in the reported quarter compared to Rs 651 crore posted last year. EBITDA stood at Rs 135 crore, up 68.1% from Rs 80.3 crore posted last year. The EBITDA margin improved to 14.7% in Q4FY21 compared to 12.3% posted in Q4FY20. The board has recommended a final dividend of Rs 5.5 per share. 

NBCC: The state-owned National Buildings Construction Corporation (NBCC) has reported a 1.2% YoY decline in the consolidated profit at Rs 83 crore for the quarter ended March 31, 2021. It had posted a profit of Rs 84 crore in the corresponding quarter of the previous financial year. The sales grew 2.5% YoY to Rs 2,667 crore compared to Rs 2,600 crore posted last year. EBITDA stood at Rs 76 crore, up 49% from Rs 51 crore posted last year. The margin improved to 2.8% in Q4FY21 from 1.9% posted in Q4FY20. Besides, NBCC (India) Limited has been awarded the work order for engagement as Project Management Consultant (PMC) for undertaking various civil works of Odisha Hydro Power Corporation Ltd. (OHPC). NBCC is a Project Management Consultant for this Project of the value Rs. 206.00 crore.

Ruchi Soya:  The manufacturer of edible oil manufacturer has reported a standalone profit of Rs 314 crore for the quarter ended March 31, 2021. It had posted a loss of Rs 41 crore for the corresponding quarter of the previous financial year. Revenue from operations grew 51.6% to Rs 4,838 crore in the reported quarter compared to Rs 3,191 crore posted last year. EBITDA stood at Rs 249 crore, up 241.1% from Rs 73 crore posted last year. EBITDA margin improved to 5.1% in Q4FY21 compared to 2.3% posted in Q4FY20. The company has reported an exceptional loss of Rs 18 crore last year. 

EID Parry:  The sugar manufacturer has reported a consolidated loss of Rs 6 crore for the quarter ended March 31, 2021. It had posted a profit of Rs 157 crore in the corresponding quarter of the previous financial year. Consolidated sales fell 7.9% YoY to Rs 3,908 crore in the reported quarter compared to Rs 4,245 crore posted last year. EBITDA stood at Rs 228 crore, down 52.8% YoY from Rs 484 crore posted last year. Margins contracted to 5.8% in Q4FY21 compared to 11% posted in Q4FY20. 

FMCG Stocks: FMCG Companies will be in focus today as the government on Tuesday slashed the basic customs duty on crude palm oil to 10% from 15%. The basic customs duty refined palm oil has been cut to 37.5 per cent from 45% with effect from today. 

Pharma Sector: Pharma companies will be in focus today as five pharmaceutical companies, namely Cipla, Dr Reddy’s, Sun Pharmaceuticals, Torrent Pharma and Emcure Pharmaceuticals, will collaborate for the clinical trial of the investigational oral antiviral drug Molnupiravir for the treatment of mild Covid-19 in an outpatient setting in India. The trial will be done on 1200 patients between July and September. Such collaboration for a clinical trial is a first of its kind within the Indian pharma industry. 

Steel Sector: Government hikes anti-dumping duty on selected steel items till December 15, 2021. The anti-dumping duty has been extended on Hot-Rolled and Cold-Rolled Flat Products being imported from China, Japan and Korea. Duty was imposed for 5 years in August 2016

Bharti Airtel: Bharti Airtel has said that it would invest $500 million (More than Rs 3700 crore) to become the largest shareholder in the satellite communications company OneWeb.