Stocks in Focus on August 20: Key equity barometers advanced for the third straight session on Wednesday, August 19, 2020. The S&P BSE Sensex rose 86.47 points or 0.22% at 38,614.79. The Nifty 50 index added 23.05 points or 0.2% at 11,408.40. Both these indices rose about 2% in three days. But certain stocks came in news after the market was closed. These stocks can impact the indices when it reopens on Thursday, August 20, 2020. List of such five stocks:
Triggers: There are certain events, like Results Today, Weekly expiry, AGR hearing, RBL Bank, Aarti Drugs, RBI MPC, AGM, which can create positive/negative reactions in the markets. Find them in detail:
Cash: Accelya Kale Solutions, Sheela Foam, MOIL, J Kumar Infraprojects, Lincoln Pharma, McDowell Holdings, IOB, Healthcare Global Ent, Electrotherm India, Foods & Inns, India Nippon Electricals and IRB InvIT Fund.
Weekly Expiry: The weekly index options will expire on Nifty and Bank Nifty, today.
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 pm.
RBL Bank: The board of directors of RBL Bank Limited (the ‘Bank’) is scheduled to meet today to consider and if thought fit, to approve raising of funds by way of issue of equity shares of the Bank on a preferential basis.
Aarti Drug: Board of Directors of the Company is scheduled to meet today to consider a proposal for issue of Bonus Shares.
RBI: MPC meeting minutes will be released.
AGM Today: Annual General Meeting of companies, like Apollo Tyres Ltd, Strides Pharma Science Ltd, Tata Steel Ltd and Timken India Ltd, is scheduled to be held today.
See Zee Business Live TV streaming below:
Post Market Results: These companies, Balmer Lawrie, Ramky Infrastructure, Ruchi Soya, Cosmo Films and Kenna Metal India, have reported their financial results after the market hours on Wednesday. Find in details:
Balmer Lawrie: Diversified PSU Balmer Lawrie and Co Ltd on Wednesday reported a consolidated loss of Rs 9.5 crore for the quarter ended June 30, 2020. It had posted a net profit of Rs 22.6 crore in the same quarter last year. Consolidated sales dropped by 35.8% to Rs 276.8 crore against Rs 431.4 crore posted last year. The company posted negative EBITDA of Rs 2.1 crore in Q1FY21 against a positive EBITDA of Rs44.2 crore posted in Q1FY20.
Ramky Infrastructure: The construction engineering company on Wednesday reported a consolidated loss grew 9.86X on year-on-year to Rs 61.9 crore for the quarter ended June 30, 2020. It had posted a net loss of Rs 5.7 crore in the corresponding quarter last year. Consolidated sales dropped 56.4% to Rs 238.1 crore against Rs 546.6 crore posted in the same period last year. EBITDA stood at Rs 4.9 crore, down 87% from Re 38.1 crore posted last year. The margin contracted to 2% in Q1FY21 against 6.9% posted a year-ago period.
Ruchi Soya: Patanjali Group firm Ruchi Soya on Wednesday reported a 12.5% decline in its standalone profit at Rs 12.2 crore for the quarter ended June 30, 2020. It had posted a net profit of Rs 14 crore in the corresponding quarter last year. Standalone sales declined 2.2% to Rs 3,043 crore from Rs 3,112.3 crore posted last year. EBITDA stood at Rs 123.5 crore, up 232% from Rs 37.1 crore posted last year. The margin grew to 4% in Q1FY21 from 1.1% in Q1FY20. Besides, Acharya Balkrishna has stepped down at the managing director of the company with effect from 18 August citing “pre-occupation” as his reason for stepping down from the post. Balkrishna has been designated as non-executive, non-independent director of the company.
Cosmo Films: Cosmo Films Ltd on Wednesday reported a 69.1% increase in consolidated net profit at Rs 46.9 crore for the first quarter ended June 2020. It had posted a consolidated profit of Rs 27.7 crore in the April to June quarter last year. Consolidated sales dropped 11% to Rs 481.2 crore in this quarter against Rs 541 crore posted last year. EBITDA stood at Rs 87 crore, up 52.3% from Rs 57.1 crore posted last year. The margin advanced to 18% in Q1FY21 from 10.5% posted in Q1FY20.
Kenna Metal India: The company on Wednesday reported a consolidated loss of Rs 9.5 crore for the quarter ended June 30, 2020. It had posted a consolidated profit of Rs 17.6 crore in the same quarter last year. Consolidated sales dropped 58.7% to Rs 95.6 crore in the April- June quarter of FY21 against Rs 231.8 crore posted in the April-June quarter of FY20. The company posted negative EBITDA of Rs 12.7 crore in Q1FY21 against a positive EBITDA of Rs 27.3 crore posted in Q1FY20.
Insurance Companies in Focus: The government on Wednesday allowed 24 insurance companies to sell their policy after collecting Aadhaar card details of the buyers. Few of the companies who have been allowed include LIC, ICICI Lombard, Aditya Birla Health, Bajaj Allianz, Max Bupa Health and Edelweiss General Insurance among others. The move is understood to aim at checking the laundering of funds into insurance firms and shell companies. The decision is likely to help these insurance companies to perform in real-time and do e-KYC. This would also reduce the cost of the transaction.
Hotel Stocks in Focus: The Delhi Disaster Management Authority (DDMA) on Wednesday allowed hotels and weekly markets to open on a trial basis. However, gymnasiums in the national capital have not been permitted to open.
Sunflag Iron and Steel: Veena Ravi Bhushan, part of the promoter group, acquired 10.62 lakh equity shares of the company, increasing stake to 1.99%.
Sobha: Promoter group Ravi PNC Menon & PACs raised stake in the company to 3.28% from 3.27% earlier.