Here’s a quick look at stocks likely to be in focus in Friday's trade, covering quarterly earnings, order wins, and acquisitions announced by companies after market hours on Thursday:
IndusInd Bank, Power Grid Corporation, Shriram Finance, Cipla, InterGlobe Aviation, Bandhan Bank, Aarti Drugs, Amber Enterprises India, Cholamandalam Investment and Finance, City Union Bank, Equitas Small Finance Bank, ESAF Small Finance Bank, KEC International, KFin Technologies, Latent View Analytics, Nuvama Wealth Management, Piramal Pharma, SBI Cards and Payment Services, TTK Prestige, and Zenotech Laboratories will release quarterly earnings on July 26.
ICICI Bank, Dr Reddy's Laboratories, NTPC, Punjab National Bank, REC, IDFC First Bank, MCX India, Anant Raj, Finolex Industries, Genus Power Infrastructures, Jammu & Kashmir Bank, Meghmani Organics, SBFC Finance, Spandana Sphoorty Financial, Sumitomo Chemical India, and Transport Corporation of India will announce their quarterly earnings scorecard on July 27.
Tech Mahindra Q1 (Consolidated QoQ)
Profit grows 28.8% to Rs 851.5 crore Vs Rs 661 crore
Revenue increases 1% to Rs 13,005.5 crore Vs Rs 12,871.3 crore
EBIT jumps 16.5% to Rs 1,102.3 crore Vs Rs 946.4 crore
Margin expands to 8.5% Vs 7.4%
Revenue in dollar terms rises 0.7% to $1,559 million Vs $1,548 million
Impairment of goodwill and non-current assets at Nil Vs Rs 308.7 crore
DLF Q1 (Consolidated YoY)
Profit jumps 22.5% to Rs 644.7 crore Vs Rs 526.1 crore
Revenue falls 4.3% to Rs 1,362.4 crore Vs Rs 1,423.2 crore
Other income rises to Rs 367.5 crore Vs Rs 98.5 crore
United Breweries Q1 (Consolidated YoY)
Profit climbs 27.5% to Rs 173.8 crore Vs Rs 136.3 crore
Revenue (excluding excise duty) rises 8.8% to Rs 2,475.1 crore Vs Rs 2,274.8 crore
VST Industries Q1 (Consolidated YoY)
Profit drops 36% to Rs 53.6 crore Vs Rs 83.7 crore
Revenue (excluding excise duty) falls 3.6% to Rs 321.3 crore Vs Rs 333.3 crore
Board approves issuance of 10 bonus shares for every 1 equity share held
Go Digit General Insurance Q1 (YoY)
Gross written premium grows 22.1% to Rs 2,660 crore Vs Rs 2,178 crore
Profit jumps 74.1% to Rs 101 crore Vs Rs 58 crore
Assets under management increases 33.3% to Rs 17,773 crore Vs Rs 13,337 crore
Combined ratio falls to 105.4% Vs 106.2%
Glenmark Life Sciences Q1 (YoY)
Profit falls 17.7% to Rs 111.5 crore Vs Rs 135.5 crore
Revenue grows 1.8% to Rs 588.6 crore Vs Rs 578.5 crore
Mahanagar Gas Q1 (Standalone QoQ)
Profit rises 7.4% to Rs 284.5 crore Vs Rs 265 crore
Revenue (excluding excise duty) increases 1.4% to Rs 1,589.6 crore Vs Rs 1,567 crore
Chalet Hotels Q1 (Consolidated YoY)
Profit plunges 31.6% to Rs 60.6 crore Vs Rs 88.7 crore
Revenue grows 16.2% to Rs 361 crore Vs Rs 310.8 crore
Tax expenses at Rs 17.07 crore Vs tax write-back of Rs 51.5 crore
Jupiter Wagons Q1 (Consolidated YoY)
Profit jumps 46.2% to Rs 91.9 crore Vs Rs 62.8 crore
Revenue increases 16.8% to Rs 879.9 crore Vs Rs 753.2 crore
Aavas Financiers Q1 (YoY)
Profit increases 15% to Rs 126.1 crore Vs Rs 109.7 crore
Revenue grows 16.2% to Rs 542.4 crore Vs Rs 466.8 crore
Assets under management rises 22% to Rs 17,841.5 crore Vs Rs 14,650 crore
Disbursements up 13% at Rs 1,210.9 crore Vs Rs 1,068.2 crore
Ramco Cements Q1 (Consolidated YoY)
Profit tanks 50.8% to Rs 36.57 crore Vs Rs 74.4 crore
Revenue declines 6.8% to Rs 2,093.6 crore Vs Rs 2,246.7 crore
Praj Industries Q1 (Consolidated YoY)
Profit jumps 43.5% to Rs 84.2 crore Vs Rs 58.7 crore
Revenue falls 5% to Rs 699.1 crore Vs Rs 736.7 crore
Motilal Oswal Financial Services Q1 (Consolidated YoY)
Profit grows 68% to Rs 883.6 crore Vs Rs 526.1 crore
Revenue jumps 54% to Rs 2,312.3 crore Vs Rs 1,501.5 crore
Stocks To Watch
SJVN
The company has received a Letter of Intent for the allotment of the Darzo Lui pumped storage project from the Government of Mizoram. With an installed capacity of 2,400 MW, the estimated cost of the project upon completion is Rs 13,947.50 crore.
Sobha
Anamudi Real Estates LLP, a privately-held arm of the Godrej family, is likely to sell a 5% stake in Sobha through block deals for $100 million, CNBC-TV18 reported citing sources. Anamudi Real Estates holds a 9.99% stake in the real estate company.
Mankind Pharma
The company has entered into a definitive agreement to acquire a 100% stake in Bharat Serums and Vaccines Limited (BSV) from Advent International, for an enterprise value of Rs 13,630 crore.
Magadh Sugar & Energy
Sudershan Bajaj has resigned as Chief Financial Officer of the company due to personal reasons, effective July 31.
Mainboard Listing on July 26
Sanstar
Bulk Deals
RBL Bank
Foreign investors Morgan Stanley Asia Singapore Pte and Societe Generale bought a 3.2% stake in the bank at an average price of Rs 228 per share. However, foreign portfolio investor Maple II B V exited RBL by selling its entire shareholding of 7.89% at an average price of Rs 228.08 per share.
Stocks Turn Ex-Dividend
Zydus Lifesciences, Power Finance Corporation, RBL Bank, Symphony, Twentyfirst Century Management Services, Aarti Industries, ADF Foods, The Anup Engineering, Associated Alcohols & Breweries, Aditya Vision, BASF India, Birla Cable, Bombay Cycle & Motor Agency, Bondada Engineering, Control Print, Coromandel International, Cosmo First, CreditAccess Grameen, Dollar Industries, Eveready Industries, Galaxy Surfactants, Godrej Agrovet, GRP, Infobeans Technologies, Intelligent Supply Chain Infrastructure Trust, JK Tyre & Industries, Jtekt India, Kaira Can, Kirloskar Brothers, Magellanic Cloud, Menon Bearings, Mukand, Nesco, Nitta Gelatin, NOCIL, Orient Paper, Paushak, Rane Holdings, Repco Home Finance, Raghav Productivity Enhancers, R R Kabel, Sasken Technologies, Sobha, Sonata Software, Sudarshan Chemical Industries, Super Sales India, Timken India, Tinna Rubber and Infrastructure, Ugar Sugar Works, Universal Cables, Vindhya Telelinks, Voith Paper Fabrics, Whirlpool of India, Yasho Industries
Stock Trades Ex-Date for Split
Magellanic Cloud
Stock Trades Ex-Date For Rights
Tata Consumer Products
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