Stocks in Focus on August 19: Domestic stocks markets ended with robust gains on Tuesday, August 18, 2020. The barometer index, the S&P BSE Sensex spurted 477.54 points or 1.26% at 38,528.32. The Nifty 50 index jumped 138.25 points or 1.23% at 11,385.35. But certain stocks came in news after the market was closed. These stocks can impact the indices when it reopens on Wednesday, August 19, 2020. List of such five stocks:
Triggers: There are certain events, like Results today, AGR hearing, Cabinet meet, PMC Bank, Fed Minutes, AGM and Ex-dividend, which can create positive/negative reactions in the markets. Find them in detail:
F&O: Muthoot Fin (variable)
Cash: Balmer Lawrie, CSB Bank, Asian Granito, V2 Retail, Ramky Infra, Ruchi Soya, Globus Spirits, Cosmo Films
See Zee Business Live TV streaming below:
AGR Hearing: The Supreme Court is scheduled to hear the on adjusted gross revenue (AGR) dues case today. The matter will be heard at 2:45 pm.
Cabinet Meet: Union Cabinet is scheduled to meet today at 10:30 am.
PMC Bank: High Court will hear the answers of the concerned parties in the PMC Bank scam case.
Federal Meet: Minutes of meetings of the Federal Open Market Committee (FOMC) to be released today.
AGM Today: Annual General Meeting of companies, like Shriram Transport Finance and Automotive Axles, is scheduled to be held today.
Ex-Dividend today: ADC India Communications, BDH Industries, John Cockerill India, Everest Industries, GMM Pfaudler Ltd., GTPL Hathway, Heritage Foods Limited, Lumax Auto Technologies, Orient Paper Technologies, RITES, Sinclairs Hotels, Sun Pharmaceuticals and UPL Limited, will turn ex-dividend today. The ex-dividend date for stocks is usually set one business day before the record date.
ADCINDIA Dividend – Rs 2.00
BDH Final Dividend – Rs 2.50
COCKERILL Final Dividend – Rs 5.00
EVERESTIND Final Dividend – Rs 1.00
GMM Final Dividend – Rs 2.00
GTPL Final Dividend – Rs 3.00
HERITGFOOD Dividend – Rs 2.50
LUMAXTECH Final Dividend – Rs 1.00
ORIENTPPR Dividend – Rs 0.50
RITES Final Dividend – Rs 6.00
SINCLAIR Final Dividend – Rs 0.80
SUNPHARMA* Final Dividend – Rs 1.00
UPL Dividend – Rs 6.00
Post Market Results: These companies, Zee Entertainment, HAL, TCNS Clothing and Phoenix Mills, have reported their financial results after the market hours on Tuesday. Find in details:
Zee Entertainment: Broadcaster Zee Entertainment on Tuesday reported a 94.5% year-on-year decline in consolidated profit at Rs 29 crore for the quarter ended June 30, 2020. The company had reported a net profit of Rs 529.8 crore in the same quarter last year. Consolidated revenue from operations dropped 34.7% to Rs 1,312 crore from Rs 2008 crore a year ago. EBITDA stood at Rs 220 crore, down 66.7% from Rs 660 crore posted last year. The margin contracted to 16.7% in Q1FY21 against 32.8% posted in Q1FY20. The company has said that the domestic subscription revenues went up by 6.2% YoY and it has seen a strong bounce back in viewership shares across the network post lockdown.
Hindustan Aeronautics Limited (HAL): The state-owned aerospace and defence company HAL on Tuesday reported a 1% year-on-year drop in consolidated profit at Rs 1,226 crore for the quarter ended June 30, 2020. It had posted a net profit of Rs 1,238.9 crore in the corresponding quarter last year. Consolidated sales rose 0.7% to Rs 10,239 crore from Rs 10.158.7 crore a year ago. EBITDA stood at Rs 2,470.7 crore, down 4.9% from Rs 2,599.3 crore posted last year. The margin contracted to 24.13% in Q1FY21 against 25.9% posted in Q1Fy20.
TCNS Clothing: TCNS on Tuesday reported a year-on-year loss of Rs 45.3 crore for the quarter ended June 30, 2020, against a net profit of Rs 20.4 crore reported in the same quarter last year. Sales dropped 88.4% to Rs 32.4 crore in the quarter against Rs 279.6 crore posted last year. It reported an EBITDA loss of Rs 42.8 crore from an EBITDA profit of Rs 58.1 crore posted last year.
Phoenix Mills: Phoenix Mills, one of the biggest mall developers in the country, on Tuesday reported a year-on-year consolidated loss of Rs 42 crore for the quarter ended June 30, 2020, against a net profit of Rs 130 crore posted in the same quarter last year. Consolidated sales dropped 78% to Rs 134.7 crore against Rs 615 crore posted in the year-ago quarter. EBITDA stood at Rs 70 crore, down 78% from Rs 292 crore posted last year. The margin advanced to 51.9% in Q1FY21 against 47.5% posted in Q1FY20.
Reliance Industries: Reliance Industries Limited (RIL) on Tuesday announced that its subsidiary Reliance Retail Ventures Limited (RRVL) has acquired a majority equity stake in Vitalic Health Pvt. Ltd. (“Vitalic”) and its subsidiaries (collectively known as ‘Netmeds’) for a cash consideration of approximately Rs 620 crores. This investment represents 60% holding in the equity share capital of Vitalic and 100% direct equity ownership of its subsidiaries, viz: Tresara Health Private Limited, Netmeds Market Place Limited and Dadha Pharma Distribution Pvt Limited.
Sugar stocks in Focus: Union Cabinet likely to give some relief to the sugar mills today or next week during its meet, sources. IT may increase the sugarcane FRP by Rs 10 to Rs 285 per quintal. A decision on MSP is expected on a later stage.
Indiabulls Real Estate Limited (IRBL): Indiabulls Real Estate Limited and two subsidiaries of Embassy Group, namely NAM Estates Pvt Ltd (NAM) and Embassy One Commercial Property Developments Private Limited (NAM Opco), have announced that they have entered into definitive merger documentation to amalgamate ongoing, completed & planned residential and commercial projects of NAM and NAM Opco (‘Embassy Assets’). NAM shareholders will get 6.619 shares of IBREL for every 10 shares of NAM whilst NAM Opco shareholders will get 5.406 shares of IBREL for every 10 shares in NAM Opco. The merger is expected to be completed by September 2021 (Q2FY22). Post-Merger Shareholding pattern.
Embassy Group: 44.9%
IBREL Promoter Group: 9.8%
BREP and other Embassy institutional investors: 19.1%