Here’s a quick look at stocks likely to be in focus in Friday's trade, covering quarterly earnings, bulk deals, and appointments announced by companies after market hours on Thursday:
Grasim Industries, Alkem Laboratories, Honasa Consumer, Siemens, Zydus Lifesciences, Apollo Micro Systems, Bajaj Consumer Care, Balkrishna Industries, Bharat Dynamics, Berger Paints India, Concord Biotech, Engineers India, General Insurance Corporation of India, India Cements, Inox Wind, IRB Infrastructure Developers, Jubilant FoodWorks, Info Edge India, SJVN, Sundaram-Clayton, Sun TV Network, Suven Pharmaceuticals, Trent, and Wockhardt will release their quarterly earnings on August 9.
Aurobindo Pharma, Advanced Enzyme Technologies, APL Apollo Tubes, EMS, Finolex Cables, Flair Writing Industries, Jyoti CNC Automation, Lumax Auto Technologies, Metropolis Healthcare, PNC Infratech, Stove Kraft, TVS Electronics, West Coast Paper Mills, and Zuari Industries will announce their June quarter earnings on August 10.
Eicher Motors Q1 (Consolidated YoY)
Profit grows 19.9% to Rs 1,101.5 crore Vs Rs 918.3 crore
Revenue increases 10.2% to Rs 4,393 crore Vs Rs 3,986.4 crore
EBITDA rises 14.2% to Rs 1,165.4 crore Vs Rs 1,021 crore
EBITDA margin expands to 26.5% Vs 25.6%
Life Insurance Corporation of India Q1 (YoY)
New business premium grows 26.96% to Rs 58,470 crore Vs Rs 46,052 crore
Total annual premium equivalent (APE) increases 21.3% to Rs 11,560 crore Vs Rs 9,532 crore
Retail APE rises 13.4% to Rs 6,747 crore Vs Rs 5,950 crore
Net value of new business (VNB) grows 23.65% to Rs 1,610 crore Vs Rs 1,302 crore
VNB margin jumps to 13.9% Vs 13.7%
Net profit soars 9.6% to Rs 10,461 crore Vs Rs 9,544 crore
Biocon Q1 (Consolidated YoY)
Profit spikes 550.6% to Rs 659.7 crore Vs Rs 101.4 crore
Revenue rises 0.3% to Rs 3,432.9 crore Vs Rs 3,422.6 crore
Other income zooms to Rs 1,134.5 crore Vs Rs 93.5 crore
Oil India Q1 (Standalone YoY)
Profit declines 9.1% to Rs 1,466.8 crore Vs Rs 1,613.4 crore
Revenue (excluding excise duty) rises 17.7% to Rs 5,331.9 crore Vs Rs 4,531.2 crore
ABB India Q2-CY24 (YoY)
Profit surges 50% to Rs 443.5 crore Vs Rs 295.6 crore
Revenue increases 12.8% to Rs 2,830.9 crore Vs Rs 2,508.6 crore
Board declares an interim dividend of Rs 10.66 per share
Gujarat State Petronet Q1 (Consolidated YoY)
Profit grows 21.3% to Rs 526.5 crore Vs Rs 434 crore
Revenue (excluding excise duty) increases 15% to Rs 4,727 crore Vs Rs 4,108.3 crore
Sobha Q1 (Consolidated YoY)
Profit plunges 49.8% to Rs 6.1 crore Vs Rs 12.05 crore
Revenue falls 29.5% to Rs 640.4 crore Vs Rs 907.9 crore
Va Tech Wabag Q1 (Consolidated YoY)
Profit increases 10.5% to Rs 54.8 crore Vs Rs 49.6 crore
Revenue rises 13.3% to Rs 626.5 crore Vs Rs 552.8 crore
IRCON International Q1 (Consolidated YoY)
Profit grows 19.6% to Rs 224 crore Vs Rs 187.4 crore
Revenue declines 17.2% to Rs 2,287.1 crore Vs Rs 2,763.8 crore
Container Corporation of India Q1 (Consolidated YoY)
Profit grows 5.8% to Rs 259.4 crore Vs Rs 245.2 crore
Revenue rises 9.4% to Rs 2,103.1 crore Vs Rs 1,922.8 crore
Steel Authority of India Q1 (Consolidated YoY)
Profit sinks 61.6% to Rs 81.5 crore Vs Rs 212.5 crore
Revenue falls 1.5% to Rs 23,997.81 crore Vs Rs 24,359.1 crore
Exceptional loss of Rs 311.8 crore due to employee allowances payment Vs Nil
Other income drops to Rs 177 crore Vs Rs 463.7 crore
Bharat Rasayan Q1 (Consolidated YoY)
Profit surges 508.2% to Rs 43.1 crore Vs Rs 7.09 crore
Revenue grows 18% to Rs 282.2 crore Vs Rs 239.2 crore
Stocks To Watch
GAIL India
The company has joined hands with Rajasthan Rajya Vidyut Utpadan Nigam (RRVUNL) to optimize the operations of RRVUNL’s gas-based power plants in Rajasthan. Both parties will work together towards setting up around 1,000 MW of solar and wind projects.
Nexus REIT
Global investment firm Blackstone plans to sell 33 crore units of its REIT firm 'Nexus Select Trust' for nearly Rs 4,500 crore through a block deal on the stock exchanges, according to sources. Blackstone currently holds around a 43% stake in Nexus Select Trust. The block deal is likely to take place on Friday.
MCX India
The Securities and Exchange Board of India (SEBI) has approved the appointment of Praveena Rai as the Managing Director & Chief Executive Officer of Multi Commodity Exchange of India (MCX). Praveena's appointment is subject to her acceptance of the offer and approval from the shareholders of MCX.
Shriram Finance
The company has signed a co-lending agreement with Axis Bank for extending financial assistance and/or credit facilities for LAP loans and/or new commercial vehicle loans.
SJVN
Subsidiary SJVN Green Energy has commissioned the 90 MW Omkareshwar Floating Solar Project. With the commissioning of this project, the total installed capacity of SJVN has increased to 2,466.50 MW.
Utkarsh Small Finance Bank
The Reserve Bank of India has given its approval for an increase in the authorized capital from Rs 1,500 crore to Rs 2,000 crore, and the consequent amendment to the Memorandum of Association (MOA) of Utkarsh Small Finance Bank.
Gateway Distriparks
The company has received board approval for the appointment of Sundaram Aiyer as Chief Financial Officer, effective August 8.
Mainboard Listing on August 9
Ola Electric Mobility
SME Listing on August 9
Picture Post Studios, Afcom Holdings
Bulk Deals
Protean eGov Technologies
Standard Chartered Bank has exited Protean by selling its entire shareholding of 3.09% at an average price of Rs 1,799.79 per share.
Apollo Micro Systems
Foreign portfolio investor Nexpact sold a 0.52% stake in the company at an average price of Rs 111.95 per share.
JHS Svendgaard Laboratories
Venture capital fund Sixth Sense India Opportunities II offloaded 0.6% of shares in the company at an average price of Rs 24.44 per share.
Stocks Turn Ex-Dividend
Hindalco Industries, Bharat Petroleum Corporation, Alkem Laboratories, Hindustan Petroleum Corporation, Arvind Fashions, ASK Automotive, B&A Packaging India, Bombay Burmah Trading, Bharat Heavy Electricals, Black Rose Industries, CEAT, City Union Bank, Cube Highways Trust, Endurance Technologies, Equitas Small Finance Bank, Indag Rubber, International Travel House, Jammu & Kashmir Bank, JK Lakshmi Cement, Joindre Capital Services, Kalyan Jewellers India, Kaycee Industries, KEC International, Kolte-Patil Developers, KPIT Technologies, Mafatlal Industries, Magna Electro Castings, Mangalore Refinery & Petrochemicals, Nath Bio-Genes, Netweb Technologies India, QGO Finance, Ramco Cements, Ramco Industries, REC, R K Swamy, Sportking India, TAJGVK Hotels & Resorts, Tega Industries, Vaibhav Global, Varun Beverages, Wonderla Holidays
Stocks Trade Ex-Bonus
Aartech Solonics, Caspian Corporate Services, DJ Mediaprint & Logistics, Gujarat Themis Biosyn, Maruti Infrastructure, Sakuma Exports
Stocks Trade Ex-Date For Split
Aartech Solonics, Balmer Lawrie Investments, Filatex Fashions, Maruti Infrastructure, Rushil Decor, Thinkink Picturez
Stock Trades Ex-Date for Buyback
Indus Towers
Stock Trades Ex-Date For Rights
Swiss Military Consumer Goods
Stocks Under F&O Ban
Punjab National Bank, Aditya Birla Capital, Aditya Birla Fashion and Retail, Birlasoft, GNFC, Hindustan Copper, India Cements, IndiaMART InterMESH, LIC Housing Finance, Manappuram Finance, RBL Bank
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