Stock Radar: Lupin, PB Fintech, Cummins, Tata Power, SBI, Suzlon in focus on Wednesday

Stocks in News

Here’s a quick look at stocks likely to be in focus in Wednesday's trade, covering quarterly earnings, order win, and acquisitions announced by companies after market hours on Tuesday:

Results on August 7

Godrej Consumer Products, Aadhar Housing Finance, Abbott India, Aditya Birla Fashion and Retail, Apollo Tyres, Balaji CARE Ratings, Chemplast Sanmar, Coromandel International, Gandhar Oil Refinery, Godfrey Phillips, Gujarat Pipavav Port, Happy Forgings, ITD Cementation, Krishna Institute of Medical Sciences, Dr Lal PathLabs, Lemon Tree Hotels, NHPC, NLC India, Sula Vineyards, Welspun Corp, Zee Media Corporation will announce their quarterly earnings on August 7.

Quarterly Earnings

Lupin Q1 (Consolidated YoY)

Profit surges 77.2% to Rs 801.3 crore Vs Rs 452.3 crore

Revenue rises 16.3% to Rs 5,600.3 crore Vs Rs 4,814 crore

Bosch Q1 (Consolidated YoY)

Profit grows 13.8% to Rs 465.4 crore Vs Rs 409 crore

Revenue increases 3.8% to Rs 4,316.8 crore Vs Rs 4,158.4 crore

PB Fintech Q1 (Consolidated YoY)

Profit stands at Rs 60 crore Vs loss of Rs 11.9 crore

Revenue surges 52% to Rs 1,010 crore Vs Rs 666 crore

Adjusted EBITDA jumps 117% to Rs 49 crore Vs Rs 23 crore

Adjusted EBITDA margin expands to 5% Vs 3%

Krsnaa Diagnostics Q1 (Consolidated YoY)

Profit increases 22.4% to Rs 17.9 crore Vs Rs 14.6 crore YoY

Revenue grows 22% to Rs 170.2 crore Vs Rs 139.6 crore

Prashant Pandurangrao Deshmukh resigns as Chief Executive Officer of the company

Rain Industries Q2 (Consolidated YoY)

Loss stands at Rs 44.9 crore Vs profit of Rs 206.5 crore

Revenue falls 11.5% to Rs 4,094.1 crore Vs Rs 4,627 crore

Cummins India Q1 (Standalone YoY)

Profit grows 33% to Rs 419.8 crore Vs Rs 315.7 crore

Revenue increases 4.3% to Rs 2,304.2 crore Vs Rs 2,208.7 crore

Ashwath Ram resigns as Managing Director of the company

Company appoints Shveta Arya as Additional Director & Managing Director (Designate) of the company

Tata Power Company Q1 (Consolidated YoY)

Profit declines 0.2% to Rs 970.9 crore Vs Rs 972.5 crore

Revenue increases 13.7% to Rs 17,293.6 crore Vs Rs 15,213.3 crore

Tata Power to acquire 40% stake in Khorlochhu Hydro Power for Rs 830 crore

Company gets board approval for termination & delisting of Global Depository Shares (GDSs) Programme

Bata India Q1 (Consolidated YoY)

Profit surges 62.8% to Rs 174 crore Vs Rs 106.9 crore

Revenue falls 1.4% to Rs 944.6 crore Vs Rs 958.1 crore

Exceptional gain of Rs 133.95 crore Vs Nil

Gujarat Gas Q1 (Standalone QoQ)

Profit declines 19.5% to Rs 329.8 crore Vs Rs 409.5 crore

Revenue grows 7.6% to Rs 4,450.3 crore Vs Rs 4,134.2 crore

Exceptional gains at Nil Vs Rs 55.69 crore

PI Industries Q1 (Consolidated YoY)

Profit increases 17.2% to Rs 448.8 crore Vs Rs 382.9 crore

Revenue grows 8.3% to Rs 2,068.9 crore Vs Rs 1,910.4 crore

Gland Pharma Q1 (Consolidated YoY)

Profit falls 26% to Rs 143.8 crore Vs Rs 194.1 crore

Revenue rises 16% to Rs 1,401.7 crore Vs Rs 1,208.7 crore

EIH Q1 (Consolidated YoY)

Profit declines 8.8% to Rs 96.8 crore Vs Rs 106 crore

Revenue grows 5.7% to Rs 526.5 crore Vs Rs 498.1 crore

Fortis Healthcare Q1 (Consolidated YoY)

Profit spikes 40.4% to Rs 173.98 crore Vs Rs 123.95 crore

Revenue increases 12.1% to Rs 1,858.9 crore Vs Rs 1,657.4 crore

Gulf Oil Lubricants India Q1 (Consolidated YoY)

Profit jumps 24% to Rs 84.3 crore Vs Rs 68 crore

Revenue increases 10.1% to Rs 894 crore Vs Rs 811.7 crore

Linde India Q1 (Consolidated YoY)

Profit jumps 13.8% to Rs 113.7 crore Vs Rs 99.88 crore

Revenue falls 9.4% to Rs 653.2 crore Vs Rs 721 crore

Chambal Fertilisers and Chemicals Q1 (Consolidated YoY)

Profit zooms 32.4% to Rs 448.3 crore Vs Rs 338.6 crore

Revenue declines 11.7% to Rs 4,933.2 crore Vs Rs 5,589.3 crore

VIP Industries Q1 (Consolidated YoY)

Profit drops 93% to Rs 4.04 crore Vs Rs 57.8 crore

Revenue rises 0.4% to Rs 638.9 crore Vs Rs 636.1 crore

Exceptional gains at Nil Vs 25.78 crore

Stocks To Watch

State Bank of India

The Government of India has approved the appointment of Challa Sreenivasulu Setty as Chairman of SBI for a three-year term, effective August 28. Additionally, Rana Ashutosh Kumar Singh has been appointed as Managing Director of the bank. Currently, Challa Sreenivasulu Setty is serving as a Managing Director, and Rana Ashutosh Kumar Singh is a Deputy Managing Director at SBI.

Suzlon Energy

The company will acquire a 76% stake in Renom Energy Services from the Sanjay Ghodawat Group in two or more tranches. In the first tranche, it will acquire a 51% stake for Rs 400 crore, and in the second tranche, it will acquire an additional 25% stake within 18 months of the first acquisition for Rs 260 crore.

G R Infraprojects

The company has emerged as the L1 bidder for establishing a transmission scheme for the integration of Tumkur-II REZ in Karnataka.

SME Listing on August 7

Utssav Cz Gold Jewels

Bulk Deals

Akums Drugs and Pharmaceuticals

Smallcap World Fund Inc has bought a 1.64% stake in the pharma company at an average price of Rs 753.84 per share.

Tata Consumer Products

Kotak Mahindra Mutual Fund, via its Equity Arbitrage Fund, has purchased 1,83,768 equity shares, representing 0.02% of the paid-up equity in the company, at an average price of Rs 373.54 per share.

Zydus Wellness

Quant Mutual Fund has bought a 1.68% stake in the company at an average price of Rs 2,201.4 per share, while Threpsi Care LLP has sold a 2.67% stake in the company at the same average price.

Stocks Turn Ex-Dividend

Bharti Airtel, Eicher Motors, 360 ONE WAM, Bombay Dyeing, Castrol India, ESAF Small Finance Bank, Gabriel India, Infibeam Avenues, Minda Corporation, NTPC, Nuvama Wealth Management, Nexus Select Trust, Tourism Finance Corporation of India, Vintage Coffee And Beverages

Stock Trades Ex-Date For Rights

Vishvprabha Ventures

Stocks Under F&O Ban

LIC Housing Finance, Manappuram Finance, Aditya Birla Capital, Birlasoft, Chambal Fertilisers and Chemicals, GNFC, Granules India, Hindustan Copper, India Cements, IndiaMART InterMESH, RBL Bank