Benchmark domestic stocks on Wednesday, August 12, 2020, closed with marginal losses amid mixed global cues. The barometer index, the S&P BSE Sensex fell 37.38 points or 0.10% at 38,369.63. The Nifty 50 index declined 14.10 points or 0.12% at 11,308.40. But certain stocks came in news after the market was closed. These stocks can impact the indices when it reopens on Thursday, August 13, 2020. List of such five stocks:
Triggers: There are certain events, like Results Today, Weekly Expiry, Niti Aayog, COVID meeting, PM Modi, BSIV hearing, Xchanging Solutions, Ex-dividend, AGM, which can create positive/negative reactions in the markets. Find them in detail:
Nifty: Eicher Motors (post-market), GAIL (1 pm-3 pm), Hero Motocorp (post-market), Grasim (variable) (concall at 4:30 pm), Tata Steel (post-market), BPCL (post-market).
F&O: PFC (1 pm-3 pm), Shriram Transport Fin (variable), Balkrishna Ind (post-market)
Cash: Garden Reach Shipbuilders, Xchanging Solutions, PPAP Automotive, Endurance Tech, INEOS Styrolution, Praj Industries, Madras Fertilisers, 3M India, Prism Johnson, Redington India, Bharat Rasayan, APL Apollo Tubes, Trent, Greaves Cotton, Dishman Carbogen, Amrutanjan Healthcare, TVS Srichakra, Mayur Uniquoters
Weekly Expiry: The weekly index options will expire on Nifty and Bank Nifty, today.
NITI Aayog: NITI Commission is scheduled to meet today to simplify the loan process. According to sources, the NITI Commission will work to make loan process from the banks simple and easy and find ways to have small-ticket loans up to Rs 10 lakhs through microfinance institution. The loan will be allocated within 3 days of filing the loan application.
COVID Meeting: An expert committee under the chairmanship of NITI Aayog member Dr VK Paul is scheduled to meet today at 3 pm to consider the logistics and ethical aspects of procuring and administering the COVID-19 vaccine.
BS-IV case: The BS-IV inventory case is slated to be heard today at the Supreme Court.
Xchanging Solutions: Xchanging Solutions board is scheduled to meet today, .i.e. on August 13, 2020, to consider delisting offer. The founders seek to acquire 25% balance stake of the company.
PM Modi: Prime Minister Narendra Modi to launch the platform for Transparent Taxation-Honoring the Honest through video conferencing today.
AGM Today: Annual General Meeting of companies, like Godrej Industries Ltd, Granules India Ltd, Greaves Cotton Ltd, ICICI Lombard General Insurance Company Ltd, JSW Energy Ltd, Larsen & Toubro Ltd, Page Industries Ltd, Rain Industries Ltd, Shoppers Stop Ltd and ABB Power Products and Systems India Ltd, is scheduled to be held today.
Ex-Dividend today: Anjani Portland Cement, Bajaj Steel Industries, Birla Soft, Dabur, Eris Lifesciences, Escorts Ltd, GPT Infraprojects, Maruti, NTPC, Oswal Overseas, TTK Prestige will turn ex-dividend today. The ex-dividend date for stocks is usually set one business day before the record date.
I. APCL: Dividend – Rs. – 5.0000
II. BAJAJST: Final Dividend – Rs. – 2.0000
III. BSOFT: Final Dividend – Rs. – 1.0000
IV. DABUR:Final Dividend – Rs. – 1.6000
V. ERIS: Interim Dividend – Rs. – 5.5000
VI. ESCORTS:Final Dividend – Rs. – 2.5000
VII. GPTINFRA: Final Dividend – Rs. – 1.5000
VIII. MARUTI: Final Dividend – Rs. – 60.0000
IX. NTPC: Final Dividend – Rs. – 2.6500
X. OSWALOR: Stock Split From Rs.10/- to Rs.5/-
XI. TTKPRESTIG : Dividend – Rs. – 20.0000
Post Market Results: These companies, namely Tata Power, Aurobindo Pharma, Cummins, Ashok Leyland, SH Kelkar, Tanla Solutions, GSFC, have reported their financial results after the market hours on Wednesday. Find in details:
Ashok Leyland: Hinduja Group flagship firm Ashok Leyland on Wednesday reported a year-on-year standalone net loss of Rs 389 crore for the first quarter ended June 30, 2020. The commercial vehicle maker had posted a net profit of Rs 230 crore for the April-June 2019 quarter. Revenue from operations declined 8.6% to Rs 650.9 crore in the April-June 2020 from Rs 5,684 crore posted in the year-ago period. It reported an EBITDA loss of Rs 333 crore Q1FY21 from an EBITDA profit of Rs 537 crore posted in Q1FY20.
Tata Power: The Mumbai-based electric utility company on Wednesday reported a 22.2% year-on-year rise in consolidated profit at Rs 187 crore for the quarter ended on June 30, 2020. It had posted a net profit of Rs 153 crore in the corresponding quarter last year. Consolidated revenue dropped 16.9% to Rs 6,452.9 crore against revenue of Rs 7,766.7 crore posted last year. EBITDA stood at Rs 1,731.3 crore, down 24.8% from Rs 2,302 crore. The margin contracted to 26.8% in Q1FY21 from 29.6% posted in Q1FY20.
Aurobindo Pharma: Drugmaker Aurobindo Pharma on Wednesday reported a 22.8% year-on-year rise in the consolidated profit at Rs 780 crore for the quarter ended on June 30, 2020. It had posted a net profit of Rs 635.7 crore in the corresponding quarter last year. Consolidated revenue rose 8.8% to Rs 5,925 crore in June 2020 quarter from Rs 5,444.6 crore posted in the same quarter last year. EBITDA stood at Rs 1,257.4 crore up 9.7% from Rs 1,146.4 crore posted in the year-ago period. The margins remained almost flat at 21.2% in Q1FY21 against a margin of 21.1% posted in Q1FY20. Besides, Aurobindo Pharma approved an interim dividend of Rs 1.25 per share for the FY21.
Cummins India: Engines and related parts maker Cummins on Wednesday reported a 62.9% year-on-year decline in its standalone net profit at Rs 52.6 crore for the quarter ended on June 30, 2020. It had posted a net profit of Rs 141.5 crore in the corresponding quarter last year. Revenue from operations dropped 62.9% YoY to Rs 498.2 crore against a revenue of Rs 1,343 crore posted last year. EBITDA stood at Rs 2.9 crore, down 98.1% from Rs 151 crore posted last year. The margins contracted to 0.58% in Q1FY21 from 11.3% posted in Q1FY20.
S H Kelkar: on Wednesday reported a 21.9% year-on-year decline in its consolidated profit at Rs 14.8 crore for the quarter ended on June 30, 2020. It had posted a net profit of Rs 18.9 crore in the corresponding quarter last year. Sales dropped 29.8% YoY to Rs 192.5 crore against sales of Rs 274.4 crore posted last year. EBITDA stood at Rs 30.9 crore, down 33.2% from Rs 46.4 crore posted last year. The margins contracted to 16.1% in Q1FY21 from 16.9% posted in Q1FY20.
Tanla Solutions: Tanla Solutions has reported a 203.8% year-on-year rise in consolidated profit at Rs 78.6 crore for the quarter ended on June 30, 2020. It posted a net loss of Rs 75.7 crore in the corresponding quarter last year. Sales rose 15.4% to Rs 455.5 crore in April-June 2020 quarter against sales of Rs 394.5 crore posted last year. EBITDA stood at Rs 75 crore, up 139.6% from Rs 31.3 crore posted last year. The margin rose to 16.4% in Q1FY21 from 7.9% posted in Q1FY20.
Gujarat State Fertilizers and Chemicals (GSFC): The manufacturer of fertilizers and Industrial Chemicals, GFSC has reported a 27.6% year-on-year decline in consolidated profit at Rs 30.2 crore for the quarter ended on June 30, 2020. Sales dropped 4.9% to Rs 1,636.5 crore in Q1FY21 against sales of Rs 1,721 crore posted in Q1FY20. EBITDA stood at Rs 90.2 crore, down 26.8% from Rs 123.3 crore posted last year. The margins contracted to 5.5% in Q1FY21 from 7.1% reported last year.
Greaves Cotton/ Electrotherm India/ M&M: Road Transport and Highways Ministry have allowed registration of electric vehicles without pre-fitted batteries. In a letter to transport Secretaries of all the States and Union Territories, the Ministry has clarified that vehicles without batteries can be sold and registered based on the type approval certificate issued by the Test Agency. It said, there is no need to specify the Make/Type or any other details of the Battery for Registration.
HINDALCO: Hindalco’s Novelis reported a loss of $ 12.7 crore in June quarter against a net profit of $7.9 crore posted in the same quarter last year. Reduced the capacity expansion expenses reduced from $ 15 crore to $ 10 crore.
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Indiabulls Housing Finance: Sameer Gehlaut has stepped down as the executive chairman of Indiabulls Housing Finance. He has taken up the position of Chief Executive Officer of Indiabulls Ventures Ltd, another listed company promoted by him. Besides, SS Mundra, the former deputy governor of the Reserve Bank of India, has been appointed as the Non-Executive Chairman of the company.