Here’s a quick look at stocks likely to be in focus in Thursday's trade, covering quarterly earnings, bulk deals, and appointments announced by companies after market hours on Wednesday:
Eicher Motors, Life Insurance Corporation of India, ABB India, Oil India, Bharat Forge, Biocon, Alembic Pharmaceuticals, Astral, Astrazeneca Pharma, Bajel Projects, Gujarat State Petronet, IRCON International, Minda Corporation, MRF, Page Industries, Rail Vikas Nigam, Steel Authority of India, Sobha, Unichem Laboratories, and Va Tech Wabag will release their quarterly earnings on August 8.
Hindalco Industries subsidiary Novelis Q1 (YoY)
Net income falls 3% to $151 million
Net income excluding special items jumps 32% to $204 million
Adjusted EBITDA grows 19% to $500 million
Rolled product shipments at 951 kilotonnes increase 8%
Adjusted EBITDA per tonne shipped grows 10% to $525
NHPC Q1 (Consolidated YoY)
Profit grows 1.2% to Rs 1,108.5 crore Vs Rs 1,095 crore
Revenue falls 2.3% to Rs 2,694.2 crore Vs Rs 2,757.3 crore
Lemon Tree Hotels Q1 (Consolidated YoY)
Profit declines 26.9% to Rs 20.1 crore Vs Rs 27.5 crore
Revenue grows 19.5% to Rs 268 crore Vs Rs 224.2 crore
Balaji Amines Q1 (Consolidated YoY)
Profit plunges 32.7% to Rs 45.6 crore Vs Rs 67.7 crore
Revenue declines 17% to Rs 384.7 crore Vs Rs 463.7 crore
R Systems International Q1 (Consolidated YoY)
Profit jumps 72.5% to Rs 24.9 crore Vs Rs 14.4 crore
Revenue increases 6.2% to Rs 432 crore Vs Rs 406.8 crore
Tax cost falls to Rs 21.9 crore Vs Rs 31.09 crore
Apollo Tyres Q1 (Consolidated YoY)
Profit tanks 23.9% to Rs 302 crore Vs Rs 396.9 crore
Revenue grows 1.4% to Rs 6,334.8 crore Vs Rs 6,244.6 crore
Abbott India Q1 (YoY)
Profit jumps 13% to Rs 328.01 crore Vs Rs 290.2 crore
Revenue increases 5.3% to Rs 1,557.6 crore Vs Rs 1,479 crore
Godrej Consumer Products Q1 (Consolidated YoY)
Profit jumps 41.4% to Rs 450.7 crore Vs Rs 318.8 crore
Revenue falls 3.4% to Rs 3,331.6 crore Vs Rs 3,448.9 crore
Company declares interim dividend of Rs 5 per share
Gujarat Pipavav Port Q1 (Consolidated YoY)
Profit zooms 61.7% to Rs 109.7 crore Vs Rs 67.8 crore
Revenue rises 14.5% to Rs 246 crore Vs Rs 214.9 crore
ITD Cementation India Q1 (Consolidated YoY)
Profit surges 91.4% to Rs 100.2 crore Vs Rs 52.3 crore
Revenue rises 30% to Rs 2,381.5 crore Vs Rs 1,832.6 crore
Welspun Corp Q1 (Consolidated YoY)
Profit zooms 47.2% to Rs 247.9 crore Vs Rs 168.5 crore
Revenue falls 22.9% to Rs 3,137.2 crore Vs Rs 4,069.3 crore
Stocks To Watch
Protean eGov Technologies
Standard Chartered Bank is likely to sell its 3.09 percent equity in IT-enabled solutions company Protean through block deals, CNBC-TV18 reported, citing sources. The sale is expected to take place on August 8, with the share price expected to range between Rs 1,750 and Rs 1,775. According to the report, the total offer size is expected to reach Rs 221.9 crore at the upper end of the price range.
UPL
The High Court of Australia has dismissed the appeal and decided the matter in favor of Advanta, a subsidiary of UPL in Australia. The High Court has upheld the judgment of the Court of Appeal, stating that Advanta was not liable for the economic loss to the growers. This marks the end of the Class Action as there are no further avenues of appeal available.
NTPC
Subsidiary NTPC Renewable Energy has commenced operations of the first part capacity of 60 MW out of the 150 MW Gujarat Solar PV project in Radhanpur, Gujarat, through its wholly owned subsidiary NTPC Green Energy. With this, the total installed and commercial capacity of the NTPC group has now reached 76,134 MW.
TVS Supply Chain Solutions
The supply chain solutions provider has secured a new business contract from JCB in India for managing their in-plant warehousing and logistics operations at the Vadodara facility in Gujarat for three years.
TamilNadu Petroproducts
V Arun Roy has resigned as Chairman and Non-Executive Non-Independent Director on the board of the company, following the withdrawal of nomination by Tamilnadu Industrial Development Corporation (TIDCO).
Allcargo Gati
Anish T Mathew has resigned as Chief Financial Officer, effective October 31, 2024, due to personal reasons. The Board has approved the appointment of Deepak Jagdish Pareek as Deputy Chief Financial Officer of the company, with immediate effect.
Coromandel International
The Board of Directors has appointed S Sankarasubramanian as Managing Director and Chief Executive Officer (CEO) of Coromandel International, effective August 7. S Sankarasubramanian was previously the Executive Director – Nutrient Business.
Marico
Operating conditions in the Bangladesh market are gradually improving, though the company remains watchful of the evolving situation. After a brief interruption, a large majority of its retail sales force and distributors have now resumed operations. The company expects manufacturing operations to resume soon.
Mainboard Listing on August 8
Ceigall India
SME Listing on August 8
Dhariwalcorp
Bulk Deals
Sapphire Foods India
Kotak Mahindra Mutual Fund has bought a 0.94% stake in the company at an average price of Rs 1,650 per share. However, Arinjaya (Mauritius), part of the promoter group, sold a 3.7% stake in the company at an average price of Rs 1,649.94 per share.
ADF Foods
Dovetail Global Fund PCC - Marcellus India Fund bought a 3.5% stake in the company at an average price of Rs 220 per share. However, foreign portfolio investor Infinity Holdings was the seller in this deal.
JHS Svendgaard Laboratories
Venture capital fund Sixth Sense India Opportunities II sold a 1.45% stake in the company at an average price of Rs 22.22 per share.
TCNS Clothing Company
TA FDI Investors sold a 4.3% stake in the company. Of this, 11.8 lakh shares were offloaded at an average price of Rs 580.08 per share, and 15.7 lakh shares were sold at an average price of Rs 580.14 per share.
Stocks Turn Ex-Dividend
RITES, Ecoplast, Sealmatic India
Stock Trades Ex-Date For Bonus
Rajoo Engineers
Stocks Under F&O Ban
Aditya Birla Fashion and Retail, Aditya Birla Capital, Birlasoft, GNFC, Hindustan Copper, India Cements, IndiaMART InterMESH, LIC Housing Finance, Manappuram Finance, RBL Bank
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