Let's catch up on the latest news from the stock market. From significant investments to major deals, quarterly earnings, appointments, order wins and acquisitions, here’s a quick look at which stocks will be in focus in today's trade:
UltraTech Cement, Eternal, Havells India, IDBI Bank, Andhra Cements, CIE Automotive India, CRISIL, Dhanlaxmi Bank, Dodla Dairy, Mahindra Logistics, Oberoi Realty, Parag Milk Foods, PNB Housing Finance, and UCO Bank will release their quarterly earnings on July 21.
Reliance Industries Q1 (Consolidated YoY)
Profit surges 76.5% to Rs 30,783 crore Vs Rs 17,445 crore
Other income zooms to Rs 15,119 crore Vs Rs 3,983 crore
Revenue rises 6% to Rs 2.73 lakh crore Vs Rs 2.57 lakh crore
EBITDA grows 35.7% to Rs 58,024 crore Vs Rs 42,748 crore
EBITDA margin expands 460 bps to 21.2% Vs 16.6%
Other income includes Rs 8,924 crore profit from sale of listed investments
Jio Platforms Q1 (Consolidated YoY)
Revenue jumps 18.8% to Rs 41,054 crore Vs Rs 34,548 crore
Profit soars 24.9% to Rs 7,110 crore Vs Rs 5,698 crore
EBITDA zooms 23.9% to Rs 18,135 crore Vs Rs 14,638 crore
EBITDA margin expands 210 bps to 51.8% Vs 49.7%
ARPU rises 14.9% to Rs 208.8 Vs 181.7
HDFC Bank Q1 (Standalone YoY)
Profit soars 12.2% to Rs 18,155.2 crore Vs Rs 16,174.8 crore
Net interest income rises 5.4% to Rs 31,438 crore Vs Rs 29,837.1 crore
Other income doubles to Rs 21,729.8 crore Vs Rs 10,668.1 crore
Provisions & contingencies zoom 455% to Rs 14,441.6 crore Vs Rs 2,602 crore
Tax expenses drop sharply to Rs 3,137.1 crore Vs Rs 5,107.8 crore
Gross NPA increases to 1.40% Vs 1.33% (QoQ)
Net NPA rises to 0.47% Vs 0.43% (QoQ)
Board approves issuance of bonus equity share in 1:1 ratio
Board approves special interim dividend of Rs 5 per share
ICICI Bank Q1 (Standalone YoY)
Profit soars 15.5% to Rs 12,768.2 crore Vs Rs 11,059.1 crore
Net interest income grows 10.6% to Rs 21,634.5 crore Vs Rs 19,552.9 crore
Provisions and contingencies zooms 36.2% to Rs 1,814.6 crore Vs Rs 1,332.2 crore
Net NPA rises to 0.41% Vs 0.39% (QoQ)
Gross NPA flat at 1.67% (QoQ)
JSW Steel Q1 (Consolidated YoY)
Profit surges 158.5% to Rs 2,184 crore Vs Rs 845 crore
Revenue increases 0.5% to Rs 43,147 crore Vs Rs 42,943 crore
EBITDA soars 37.5% to Rs 7,576 crore Vs Rs 5,510 crore
Margin expands to 17.6% Vs 12.8%
Company enters into Share Purchase Agreement to acquire 100% stake in Saffron Resources for Rs 679.34 crore
Company to acquire additional 24.9% stake in joint venture JSW Severfield Structures from Severfield Mauritius for Rs 235.10 crore
Union Bank of India Q1 (Standalone YoY)
Profit grows 11.9% to Rs 4,115.5 crore Vs Rs 3,678.9 crore
Net interest income falls 3.2% to Rs 9,112.6 crore Vs Rs 9,412.1 crore
Provisions & contingencies plunge 39.6% to Rs 1,664.5 crore Vs Rs 2,755.8 crore
Gross NPA falls to 3.52% Vs 3.60% (QoQ)
Net NPA declines to 0.62% Vs 0.63% (QoQ)
India Cements Q1 (Consolidated YoY)
Loss stands at Rs 131.4 crore Vs profit of Rs 71.3 crore
Revenue declines 0.2% to Rs 1,024.7 crore Vs Rs 1,026.8 crore
AU Small Finance Bank Q1 (YoY)
Profit grows 15.6% to Rs 580.9 crore Vs Rs 502.6 crore
Net interest income increases 6.5% to Rs 2,044.7 crore Vs Rs 1,920.6 crore
Provisions & contingencies zoom 88.5% to Rs 533.3 crore Vs Rs 282.8 crore
Gross NPA rises to 2.47% Vs 2.28% (QoQ)
Net NPA soars to 0.88% Vs 0.74% (QoQ)
Punjab & Sind Bank Q1 (YoY)
Profit jumps 48.3% to Rs 269.2 crore Vs Rs 181.5 crore
Net interest income increases 5.9% to Rs 900.4 crore Vs Rs 850 crore
Provisions & contingencies spike 110% to Rs 217.1 crore Vs Rs 103.4 crore
Gross NPA falls to 3.34% Vs 3.38% (QoQ)
Net NPA declines to 0.91% Vs 0.96% (QoQ)
Bandhan Bank Q1 (YoY)
Profit sinks 65% to Rs 372 crore Vs Rs 1,063.5 crore
Net interest income drops 7.7% to Rs 2,757.2 crore Vs Rs 2,986.7 crore
Provisions & contingencies soar 119.3% to Rs 1,146.9 crore Vs Rs 523 crore
Gross NPA jumps to 4.96% Vs 4.71% (QoQ)
Net NPA rises to 1.36% Vs 1.28% (QoQ)
Reliance Power Q1 (Consolidated YoY)
Profit stands at Rs 44.7 crore Vs loss of Rs 97.9 crore
Revenue falls 5.4% to Rs 1,885.6 crore Vs Rs 1,992.2 crore
Central Bank Of India Q1 (Standalone YoY)
Profit jumps 32.8% to Rs 1,168.7 crore Vs Rs 879.9 crore
Net interest income declines 4.6% to Rs 3,383.3 crore Vs Rs 3,547.7 crore
Provisions & contingencies plunge 56.2% to Rs 521.1 crore Vs Rs 1,190.9 crore
Gross NPA falls to 3.13% Vs 3.18% (QoQ)
Net NPA drops to 0.49% Vs 0.55% (QoQ)
JK Cement Q1 (Consolidated YoY)
Profit zooms 75.4% to Rs 324.3 crore Vs Rs 184.8 crore
Revenue grows 19.4% to Rs 3,352.5 crore Vs Rs 2,807.6 crore
Board approves expansion by setting up 0.6 MTPA white cement based wall putty plant near Nathdwara, Rajasthan at investment of Rs 195 crore
RBL Bank Q1 (Standalone YoY)
Profit sinks 46% to Rs 200 crore Vs Rs 372 crore
Net interest income falls 13% to Rs 1,481 crore Vs Rs 1,700 crore
Provisions & contingencies grow 20.8% to Rs 442.3 crore Vs Rs 366.3 crore
Pre-provision operating profit declines 18.2% to Rs 703 crore Vs Rs 859 crore
Net NPA rises to 0.45% Vs 0.29% (QoQ)
Gross NPA expands to 2.78% Vs 2.60%
Yes Bank Q1 (Standalone YoY)
Profit zooms 59.4% to Rs 801 crore Vs Rs 502 crore
Net interest income grows 5.7% to Rs 2,371 crore Vs Rs 2,244 crore
Provisions & contingencies jump 34.1% to Rs 284 crore Vs Rs 212 crore
Other income surges 46.1% to Rs 1,752 crore Vs Rs 1,199 crore
Operating profit soars 53.4% to Rs 1,358 crore Vs Rs 885 crore
Gross NPA remains unchanged at 1.6% (QoQ)
Net NPA flat at 0.3% (QoQ)
L&T Finance Q1 (Consolidated YoY)
Profit rises 2.3% to Rs 701.1 crore Vs Rs 685.5 crore
Revenue jumps 12.6% to Rs 4,259.4 crore Vs Rs 3,784.4 crore
Net interest income grows 8.4% to Rs 2,278.8 crore Vs Rs 2,101.2 crore
Mangalore Refinery and Petrochemicals Q1 (Consolidated YoY)
Loss stands at Rs 270.7 crore Vs profit of Rs 73.2 crore
Revenue declines 25.3% to Rs 17,356.2 crore Vs Rs 23,247 crore
Mastek Q1 (Consolidated YoY)
Profit soars 28.7% to Rs 92.1 crore Vs Rs 71.5 crore
Revenue increases 12.5% to Rs 914.7 crore Vs Rs 812.9 crore
Hatsun Agro Product Q1 (Consolidated YoY)
Profit rises 3.6% to Rs 135.2 crore Vs Rs 130.5 crore
Revenue grows 9.1% to Rs 2,590.3 crore Vs Rs 2,375 crore
Board recommends dividend of Rs 6 per share
Aarti Drugs Q1 (Consolidated YoY)
Profit zooms 62.2% to Rs 53.9 crore Vs Rs 33.2 crore
Revenue increases 6.3% to Rs 590.5 crore Vs Rs 555.3 crore
IndiaMART InterMESH Q1 (Consolidated YoY)
Profit spikes 34.8% to Rs 153.5 crore Vs Rs 113.9 crore
Revenue rises 12.3% to Rs 372.1 crore Vs Rs 331.3 crore
Stocks to Watch
The United States Food & Drug Administration (USFDA) completed a GMP and Pre-Approval Inspection (PAI) at the company’s formulations manufacturing facility FTO 11 in Srikakulam, Andhra Pradesh, and issued a Form 483 with 7 observations. The inspection was conducted between July 10 and 18.
Currant Sea Investments B.V., an affiliate of global private equity major Warburg Pincus, has received RBI approval for its proposed investment of up to 9.99% in IDFC First Bank.
Sona Comstar has signed a binding term sheet with China-based Jinnaite Machinery Co. to establish a joint venture (JV) company in China. The JV will manufacture and supply driveline systems and components to automotive OEMs in China and globally. Sona Comstar will invest $12 million, while Jinnaite Machinery will contribute $8 million in the first phase of the joint venture.
IRCON has received a Letter of Award for a project worth Rs 755.8 crore from Rail Vikas Nigam. The company participated in the project through a JV with JPWIPL in a 70:30 ratio. Additionally, IRCON received a Letter of Acceptance for two work orders from MMRDA for the Mumbai Metro Rail Project.
The company's subsidiary, TVS Logistics Investment UK (TVS LIUK), has acquired an additional 30% equity stake in its subsidiary TVS Autoserv GmbH. As a result, TVS LIUK now holds an 81% stake in TVS Autoserv GmbH.
The company has appointed Amitesh Shah as the Zonal CEO – MMR, effective July 19, replacing Priyansh Kapoor, who resigned effective July 18. Additionally, Sandeep Navlakhe has been appointed as Chief Operating Officer, effective August 1, replacing Vikas Singhal, who resigned effective July 31.
The RP-Sanjiv Goenka Group company has signed an agreement to acquire Pastdue Credit Solutions, a UK-headquartered debt-collection business serving many of the UK’s market-leading companies. The acquisition is subject to approval by the Financial Conduct Authority (FCA).
Bulk Deals
Adani Commodities LLP has exited AWL Agri Business by selling its entire 13.54 crore shares worth Rs 3,732.5 crore to several domestic and global institutional investors. These include Duro India Opportunities Fund, IDFC Mutual Fund, Bandhan MF, Jupiter India Fund, Morgan Stanley, Quant MF, Shajaeatan Investment FZCO, and Vanguard Funds, at a price of Rs 275.5 per share.
Mainboard Listing on July 21
Anthem Biosciences
SME Listing on July 21
Spunweb Nonwoven
Stocks Trade Ex-Dividend
Shree Cement
Anupam Rasayan India
Acceleratebs India
OCCL
Orient Bell
Thangamayil Jewellery
Windlas Biotech
Stock Trades Ex-Bonus
Focus Business Solution
Stocks in F&O ban
Bandhan Bank
Angel One
Hindustan Copper
RBL Bank
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