Stocks For Today: RIL, Tata Power, Future Retail, JSW Steel, ICICI Lombard, Persistent Systems

Stocks For Today: India’s stock benchmarks snapped three-day losing streak amid strong global cues and a slew of quarterly earnings. The S&P BSE Sensex gained 1.22% to 52,837.21, while NSE Nifty 50 Index advanced by a similar magnitude to 15,824.05 on Thursday.

Here are the stocks to watch in trade today:

  • Tata Power: To sell 100% stake in Trust Energy Resources Pte to Tata Power International Pte, a wholly-owned subsidiary of the company, for $285.64 million. The transaction is expected to be completed by August 10.
  • UltraTech Cement: Prepaid long-term loans amounting to Rs 5,000 crore in July. The loan repayments were made through free cash flows.
  • Mahindra Lifespace Developers: Board to consider the proposal for issuance of bonus equity shares on July 28.
  • Wipro: Launched FieldX, a cloud-based end-to-end digital service lifecycle automation solution built on ServiceNow’s Now Platform. Using FieldX, manufacturing organizations can enhance and scale-up their after-sales customer service operations while reducing costs, the company said.
  • PSP Projects: Secured new work orders worth Rs 82.79 crore till date in the financial year 2021-22 for Institutional and Industrial projects.
  • Tanla Platforms: Approved the proposal to buyback up to 5,15,873 shares of the company for an aggregate amount of Rs 65 crore at a price not exceeding Rs 1,260 per share.
  • Hero MotoCorp: Launched an advanced, ‘connected’, and feature-rich new Maestro Edge 125.
  • Spandana Sphoorty Financial: Allotted 12,500 secured NCDs of face value of Rs 1 lakh each on a private placement basis for aggregate amount of Rs 125 crore. The issue will mature in May 2023.
  • Future Retail: Misses service of payment of interest on $ notes. Proposes to make interest payment within 30 days.
  • Allcargo Logistics: To consider proposal for voluntary delisting on August 6.
  • Magma Fincorp has been renamed as Poonawalla Fincorp. The company’s fully-owned housing finance subsidiary, Magma Housing Finance Limited, has also been renamed as Poonawalla Housing Finance. Under Poonawalla brand, the group said that it will focus on consumer and MSME segment. The company will also expand its product range to include personal loans, loans to professionals, merchant cash advance, loan against property, consumer finance and machinery loans along with existing products of business loan, pre-owned car loans and home loans.
  • Earnings: Reliance Industries, Ambuja Cements, JSW Steel, SBI Cards and Payment Services, United Spirits, Tata Steel Bsl, Yes Bank, Crompton Greaves Consumer Electricals, Jubilant Pharmova, Federal Bank, ABB Power Products and Systems India, Symphony, Atul, Cigniti Technologies, Cybertech Systems and Software, Dynamatic Technologies, Fineotex Chemical, Nectar Lifesciences, Panacea Biotec, Seshasayee Paper & Boards, SKF India, Wendt (India)

Earnings Post Market Hours

Mphasis Q1FY22 (Consolidated, QoQ)

  • Revenue up 7% at Rs 2,690.80 crore Vs Rs 2,524.20 crore
  • Net profit up 7% at Rs 339.60 crore Vs Rs 316.90 crore
  • Ebit up 5% at Rs 427 crore Vs Rs 405.4 crore
  • Margin at 15.9% Vs 16.1%
  • New TCV wins of $505 million, of which 85% in new generation services

Persistent Systems Q1FY22 (Consolidated, QoQ)

  • Revenue up 10% at Rs 1,229.9 crore Vs Rs 1,113.30 crore
  • Net profit up 10% at Rs 151.20 crore Vs Rs 137.70 crore
  • Ebitda up 7% at Rs 201.50 crore Vs Rs 188.20 crore
  • Margin at 16.4% Vs 16.9%
  • The order booking for the quarter was at $244.8 million in Total Contract Value and at $188.83 million in Annual Contract Value

ICICI Lombard General Insurance Q1FY22 (QoQ)

  • Revenues up 3% to Rs 2,705.77 crore Vs 2,616.22 crore
  • Post tax net profit of Rs 151.63 crore Vs Rs 345.68 crore
  • Ebitda at Rs 32.97 crore Vs 781.88 crore
  • Margins at 1.2% Vs 29.9%
  • EPS at Rs 3.34 Vs Rs 7.61
  • Gross written premiums at Rs 3,807.56 crore Vs Rs 3,559.87 crore
  • Solvency ration at 2.76x Vs 2.90x

Indiamart Intermesh Q1FY22 (Consolidated, QoQ)

  • Revenue up 1% at Rs 181.60 crore Vs Rs 179.70 crore
  • Net profit up 58% at Rs 87.90 crore Vs Rs 55.70 crore
  • Ebitda up 4% at Rs 88.60 crore Vs Rs 85.40 crore
  • Margin at 48.8% Vs 47.5%
  • Consolidated cash flow from operations stood at Rs 61 crore
  • Cash and investments balance stood at Rs 2,421 crore

South Indian Bank Q1FY22 (Standalone)

  • NII down 8% at Rs 542 crore Vs Rs 586.89 crore (YoY)
  • Net profit down 87% at Rs 10.31 crore Vs Rs 81.65 crore (YoY)
  • GNPA at 8.02% Vs 6.97% (QoQ)
  • NNPA at 5.05% Vs 4.71% (QoQ)
  • Provisions up 21% at Rs 497.97 crore Vs Rs 412.29 crore (QoQ)
  • Covid related provisions at Rs 84.22 crore

Tanla Platforms Q1FY22 (Consolidated, QoQ)

  • Revenue down 3% at Rs 626.38 crore Vs Rs 648.55 crore
  • Net profit up 2% at Rs 104.48 crore Vs Rs 102.53 crore
  • Ebitda flat at Rs 134.52 crore Vs Rs 134.03 crore
  • Margin at 21.5% Vs 20.7%
  • Earnings per share was Rs 7.68

Chennai Petroleum Corporation Q1FY22 (Consolidated, QoQ)

  • Revenue down 13% at Rs 12,797.39 crore Vs Rs 14,705.48 crore
  • Net sales down 7% at Rs 8,166.46 crore Vs Rs 8,737.24 crore
  • Net profit down 77% at Rs 56.65 crore Vs Rs 241.98 crore
  • Ebitda down 44% at Rs 291.27 crore Vs Rs 521.98 crore
  • Margin at 3.6% Vs 6%

Bajaj Holdings and Investment Q1FY22 (Consolidated, QoQ)

  • Revenue up 6% at Rs 97.65 crore Vs Rs 92.49 crore
  • Net profit down 18% at Rs 778.55 crore Vs Rs 948.98 crore
  • Ebitda up 19% at Rs 69.15 crore Vs Rs 58.08 crore
  • Margin at 70.8% Vs 62.8%

Pledge Share Details

  • Adani Ports and SEZ: Promoter Adani Tradeline LLP revoked pledge of 5 lakh shares on July 20.
  • Adani Transmission: Promoter Adani Tradeline LLP revoked pledge of 8.54 lakh shares on July 20.
  • Apollo Hospitals Enterprise: Promoter PCR Investments revoked pledge of 4 lakh shares on July 20.
  • JSW Steel: Promoter Siddeshwari Tradex revoked pledge of 22.89 lakh shares on July 19.
  • Max Financial Services: Promoter Max Ventures Investment Holdings revoked pledge of 7,000 shares on July 20.As reported on July 22.

Bulk Deals

  • Unitech: IL&FS Financial Services sold 1.96 crore shares (0.75%) at Rs 1.92 per share.

Who’s Meeting Whom

  • CRISIL: To meet Edelweiss on July 23.
  • Deepak Fertilisers And Petrochemicals Corporation: To meet Goldman Sachs Asset Management (India) and Avendus Capital Public Markets Alternate Strategies LLP on July 23.

Trading Tweaks

  • Price Band Revised From 10% To 5%: Trigyn Technologies
  • Price Band Revised From 20% To 10%: Xchanging Solutions
  • Move Out Of Short-Term ASM Framework: SML Isuzu, Equitas Holdings
  • Move Into ASM Framework: Thirumalai Chemicals
  • Ex-Date Dividend: Karur Vysya Bank, Seacoast Shipping Services
  • Ex-Date Interim Dividend: Angel Broking
  • Ex-Date Final Dividend: Tech Mahindra, Elgi Equipments
  • Record Date Dividend: Blue Star, Thermax, Elecon Engineering
  • Record Date Final Dividend: Sumitomo Chemical
  • Record Date Interim Dividend: Hatsun Agro Product

(By BloombergQuint)

Stocks For Today: RIL, Tata Power, Future Retail, JSW Steel, ICICI Lombard, Persistent Systems via @goldsilverrepor
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