Here’s a quick look at stocks likely to be in focus in Monday's trade, covering quarterly earnings, order wins, and acquisitions announced by companies after market hours on Friday and over the weekend:
Hindustan Petroleum Corporation, ACC, Bharat Electronics, Arvind, ASK Automotive, Adani Total Gas, Adani Wilmar, Colgate Palmolive, CSB Bank, Data Patterns, Indian Bank, Jindal Saw, Kansai Nerolac Paints, Kalpataru Projects International, Pfizer, Quess Corp,Strides Pharma Science, Voltamp Transformers, Whirlpool of India, and Wonderla Holidays will release their quarterly earnings on July 29.
ICICI Bank Q1 (Standalone YoY)
Profit jumps 14.6% to Rs 11,059.1 crore Vs Rs 9,648.2 crore
Net interest income increases 7.3% to Rs 19,552.9 crore Vs Rs 18,226.5 crore
Net interest margin drops to 4.36% Vs 4.78%
Gross NPA falls to 2.15% Vs 2.16% (QoQ)
Net NPA rises to 0.43% Vs 0.42%
Non-interest income spikes 23.3% to Rs 6,389 crore Vs Rs 5,183 crore
IndusInd Bank Q1 (Standalone YoY)
Profit increases 1.3% to Rs 2,152.2 crore Vs Rs 2,123.6 crore
Net interest income jumps 11.1% to Rs 5,407.6 crore Vs Rs 4,867.1 crore
Provisions soars to Rs 1,049.8 crore Vs Rs 991.6 crore
Gross NPA rises to 2.02% Vs 1.92% (QoQ)
Net NPA up at 0.60% Vs 0.57% (QoQ)
REC Q1 (Consolidated YoY)
Profit rises 16.6% to Rs 3,460.2 crore Vs Rs 2,968 crore
Revenue increases 17.8% to Rs 13,078.7 crore Vs Rs 11,103.9 crore
Punjab National Bank Q1 (Standalone YoY)
Profit spikes 159% to Rs 3,251.5 crore Vs Rs 1,255.4 crore
Net interest income increases 10.2% to Rs 10,476.3 crore Vs Rs 9,504.3 crore
Provisions plunges to Rs 1,312.3 crore Vs Rs 3,965.3 crore
Gross NPA falls to 4.98% Vs 5.73% (QoQ)
Net NPA declines to 0.60% Vs 0.73% (QoQ)
Dr Reddy’s Laboratories Q1 (Consolidated YoY)
Profit drops 1% to Rs 1,392 crore Vs Rs 1,402.5 crore
Revenue grows 14% to Rs 7,672.7 crore Vs Rs 6,738.4 crore
EBITDA rises 1.06% to Rs 2,159.9 crore Vs Rs 2,137.2 crore
EBITDA margin drops to 28.2% Vs 31.7%
NTPC Q1 (Standalone YoY)
Profit rises 10.9% to Rs 4,511 crore Vs Rs 4,066 crore
Revenue increases 13.5% to Rs 44,419.2 crore Vs Rs 39,122.3 crore
EBITDA jumps 9.5% to Rs 12,446.6 crore Vs Rs 11,369.4 crore
EBITDA margin falls to 28% Vs 29%
Power Grid Corporation of India Q1 (Standalone YoY)
Profit declines 3.7% to Rs 3,412.2 crore Vs Rs 3,542.7 crore
Revenue slips 1.7% to Rs 10,068.2 crore Vs Rs 10,244.6 crore
EBITDA drops 2.9% to Rs 8,744.1 crore Vs Rs 9,004.8 crore
EBITDA margin falls to 86.8% Vs 87.9%
IDFC First Bank Q1 (Standalone YoY)
Profit declines 11% to Rs 680.7 crore Vs Rs 765.2 crore
Net interest income jumps 25.4% to Rs 4,694.9 crore Vs Rs 3,745.1 crore
Provisions jump to Rs 994.4 crore Vs Rs 476.2 crore
Gross NPA rises to 1.90% Vs 1.88% (QoQ)
Net NPA falls to 0.59% Vs 0.6% (QoQ)
InterGlobe Aviation Q1 (YoY)
Profit drops 11.7% to Rs 2,728.8 crore Vs Rs 3,090.6 crore
Revenue rises 17.3% to Rs 19,570.7 crore Vs Rs 16,683.1 crore
EBITDAR climbs 11.5% to Rs 5,811 crore Vs Rs 5,210.8 crore
EBITDAR margin declines to 29.7% Vs 31.2%
Bandhan Bank Q1 (YoY)
Profit zooms 47.5% to Rs 1,063.5 crore Vs Rs 721 crore
Net interest income rises 20.6% to Rs 3,005 crore Vs Rs 2,490.6 crore
Gross NPA jumps to 4.23% Vs 3.84% (QoQ)
Net NPA increases to 1.15% Vs 1.11% (QoQ)
Sumitomo Chemicals Q1 (Consolidated YoY)
Profit zooms 105.4% to Rs 126.7 crore Vs Rs 61.7 crore
Revenue increases 15.8% to Rs 838.9 crore Vs Rs 724.2 crore
Zen Technologies Q1 (Consolidated QoQ)
Profit surges 111.5% to Rs 79.5 crore Vs Rs 37.6 crore
Revenue jumps 80% to Rs 254.6 crore Vs Rs 141.4 crore
Multi Commodity Exchange of India Q1 (Consolidated QoQ)
Profit increases 26.2% to Rs 110.9 crore Vs Rs 87.9 crore
Revenue rises 29.4% to Rs 234.4 crore Vs Rs 181.1 crore
SBFC Finance Q1 (Standalone YoY)
Profit jumps 67.6% to Rs 78.7 crore Vs Rs 47 crore
Net interest income grows 43.8% to Rs 202.7 crore Vs Rs 141 crore
Jammu & Kashmir Bank Q1 (Standalone YoY)
Profit increases 27.3% to Rs 415.5 crore Vs Rs 326.5 crore
Revenue rises 6.7% to Rs 1,369.2 crore Vs Rs 1,283.3 crore
Gross NPA drops to 3.91% Vs 4.08% (QoQ)
Net NPA falls to 0.76% Vs 0.79% (QoQ)
KEC International Q1 (Consolidated YoY)
Profit jumps 107% to Rs 87.6 crore Vs Rs 42.3 crore
Revenue increases 6.3% to Rs 4,511.9 crore Vs Rs 4,243.6 crore
Board re-appoints Vimal Kejriwal as MD & CEO of the company for one year
Board approves raising funds up to Rs 4,500 crore equity shares
Board approves issuance of NCDs worth Rs 1,500 crore
Board approves transfer of cables business to its subsidiary
Spandana Sphoorty Financial Q1 (Standalone YoY)
Profit plunges 53.8% to Rs 51.3 crore Vs Rs 111.1 crore
Net interest income increases 43% to Rs 416.9 crore Vs Rs 291.6 crore
SBI Cards and Payment Services Q1 (YoY)
Profit rises 0.2% to Rs 594.5 crore Vs Rs 593.3 crore
Revenue increases 11.4% to Rs 4,358.6 crore Vs Rs 3,911.9 crore
Jaiprakash Power Ventures Q1 (Consolidated YoY)
Profit jumps 82% to Rs 348.5 crore Vs Rs 191.7 crore
Revenue increases 2.7% to Rs 1,754.7 crore Vs Rs 1,707.8 crore
Stocks To Watch
UltraTech Cement and India Cements
The cement major has received board approval for the acquisition of a 32.72% stake in India Cements at a price of Rs 390 per share. The cost of acquisition is Rs 3,954 crore. In addition, it announced an open offer for an additional 26% stake in India Cements at Rs 390 per share, which is a 4 percent premium over Friday's closing price.
Biocon
The US Food and Drug Administration conducted the cGMP and pre-licensing inspection at Biocon Biologics’ facilities in Bengaluru during July 15-26. At the close of the inspection, the regulator issued a Form-483 with 10 observations: one across the four drug substance facilities, seven across the two drug product facilities, and two on the analytical quality control laboratories.
Bharat Heavy Electricals
BHEL has received a Letter of Intent (LOI) from Damodar Valley Corporation (DVC) for setting up the 2x800 MW Koderma Phase-II thermal power station at Koderma in Jharkhand on an EPC basis. The contract is worth Rs 10,000 crore.
Maruti Suzuki India
The automobile company has received a final assessment order with a total tax demand (including interest) of Rs 779.2 crore. It has also received a Show Cause Notice for the initiation of penalty proceedings concerning this order. Maruti will be filing an appeal before the Income Tax Appellate Tribunal and stated that the order would have no impact on the financial, operational, or other activities of the company.
Sun Pharma Advanced Research Company
The pharma research company has re-designated Nitin Dharmadhikari as Chief Operation Officer effective July 26. Mudgal Kothekar, Vice President, and Sandeep Inamdar, Vice President - Clinical Development, have been designated as senior management personnel of the company effective July 26.
Glenmark Life Sciences
The Gujarat Pollution Control Board (GPCB) has issued a closure notice for the company’s Ankleshwar facility. The sample collected from the GIDC storm water drain was found to be contaminated with high COD levels and other parameters. GPCB has ordered the company to deposit interim environment damage compensation as determined by GPCB and to submit a bank guarantee of Rs 15 lakh for compliance assurance at the time of revocation.
Hindustan Zinc
The company has received an order from the Assessment Unit, Income Tax Department (NFAC) for the Assessment Year 2013-14, demanding Rs 1,884.3 crore on July 25. It has already filed an application for rectification of mistakes on July 26 and is hopeful of a favourable outcome from the said rectification application. It also believes that the erroneous demand should be revised to reflect the correct tax liability of NIL.
Godawari Power and Ispat
The company has received permission from the Chhattisgarh Environment Conservation Board for setting up a 2 million ton pellet plant for the expansion of iron ore pelletisation capacity from 2.7 to 4.7 MTPA. The pellet plant is proposed to be financed from internal accruals of the company and is expected to be commissioned by Q1FY26.
Manappuram Finance
The gold financing company has received intimation from its subsidiary company and its service vendor (Manappuram Comptech and Consultants) about a potential fraud perpetuated by an employee. The estimated quantum of the potential fraud is Rs 20 crore. It has appointed KPMG to conduct a detailed analysis of the fraud.
Jubilant Pharmova
The company has received an order from the Income Tax Department for FY20, raising a tax demand of Rs 38.13 crore on its subsidiary Jubilant Generics due to mistakes apparent from records apart from certain transfer pricing adjustments.
Strides Pharma Science
The step-down subsidiary of the company Strides Pharma Global Pte in Singapore has incorporated a company - Strides Pharma New Zealand Pty Limited in New Zealand. Strides New Zealand will hold market authorizations for the products in New Zealand and will also undertake trading in pharmaceutical products.
Laxmi Organic Industries
The company has received an Assessment Order from the Income Tax Department for the assessment year 2020-21, demanding Rs 26.27 crore for the income tax return filed for the financial year 2020-21. The company believes the claim under the said assessment order is not maintainable and is in the process of preferring an appeal and rectification against the said order. The assessment order has no material impact on the financials, operations, or other activities of the company.
Colgate Palmolive India
The company has received a final assessment order for Assessment Year 2020-21, demanding Rs 248.7 crore (including interest) for transfer pricing-related issues. The company will be filing an appeal before the Income Tax Appellate Tribunal against the said order. There is no impact on the financial operations or any other activities of the company due to this order.
SME Listing on July 29
RNFI Services
Bulk Deals
Cigniti Technologies
ICICI Prudential Mutual Fund, through ICICI Prudential Technology Fund, bought a 1.64% stake in Cigniti.
Parag Milk Foods
North Star Opportunities Fund VCC-Bull Value Incorporated VCC Sub-Fund bought a 1.48% stake in Parag Milk at an average price of Rs 199 per share. However, Sixth Sense India Opportunities II sold a 1.5% stake in the company at the same price.
Sobha
Anamudi Real Estates LLP sold a 4.4% stake in the real estate company at an average price of Rs 1,810.44 per share. Mirae Asset Mutual Fund, Invesco Mutual Fund, and Aditya Birla Sun Life Mutual Fund collectively bought a 2.1% stake in Sobha.
Route Mobile
Foreign promoter Proximus Opal sold a 1.95% stake in the company at an average price of Rs 1,656.6 per share. However, Societe Generale bought a 0.54% stake in the company at an average price of Rs 1,652.2 per share.
Stocks Turn Ex-Dividend
Automotive Axles, Birla Corporation, Career Point, DB Corp, Deepak Nitrite, Fairchem Organics, Hawkins Cookers, Info Edge India, Orient Cement, Shreyans Industries
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