Stock Radar: Ola Electric, Hindustan Zinc, Power Mech Projects, KNR Constructions, Glenmark Pharma in focus on Friday
Relicab Cable Manufacturing, Shanti Educational Initiatives, Kiri Industries, Tata Steel, Hinduja Global Solutions, and Polyplex Corporation will also be in focus on August 16.
Here’s a quick look at stocks likely to be in focus in Friday’s trade, covering quarterly earnings, bulk deals, and stake buy announced by companies after market hours on Wednesday, and Thursday:
Bheema Cements, Rapid Investments, Sharanam Infraproject and Trading, and Shri Venkatesh Refineries will release their quarterly earnings scorecard on August 16.
Ola Electric Mobility Q1 (Consolidated YoY)
Net loss widens to Rs 347 crore Vs loss of Rs 267 crore
Revenue grows 32.3% to Rs 1,644 crore Vs Rs 1,243 crore
Glenmark Pharmaceuticals Q1 (Consolidated YoY)
Profit jumps 9-fold to Rs 340.2 crore Vs Rs 37.7 crore on strong operating numbers with fall in input cost, finance cost
Revenue grows 6.9% to Rs 3,244.2 crore Vs Rs 3,036 crore
Finance cost falls to Rs 39.6 crore Vs Rs 111.6 crore
Exceptional item at Rs Nil Vs loss of Rs 52 crore
SpiceJet Q1 (Consolidated YoY)
Profit falls 20% to Rs 158.2 crore Vs Rs 197.6 crore
Revenue declines 14.7% to Rs 1,708.2 crore Vs Rs 2,003.6 crore
Other income jumps to Rs 369.5 crore Vs Rs 263.3 crore
Finance cost drops to Rs 87.9 crore Vs Rs 122.8 crore
Board approves raising up to Rs 3,000 crore through a Qualified Institutional Placement
Max India Q1 (Consolidated YoY)
Loss doubles to Rs 26.97 crore Vs loss of Rs 12.2 crore
Revenue plunges 34.8% to Rs 26.5 crore Vs Rs 40.67 crore
Pitti Engineering Q1 (Consolidated YoY)
Profit zooms 47.1% to Rs 20.5 crore Vs Rs 13.97 crore
Revenue grows 32.1% to Rs 382.8 crore Vs Rs 289.8 crore
Other income rises to Rs 3.9 crore Vs Rs 0.9 crore
Sakthi Sugars Q1 (Consolidated YoY)
Profit plunges 30% to Rs 57.9 crore Vs Rs 82.5 crore
Revenue grows 5.5% to Rs 393.6 crore Vs Rs 373.2 crore
Polyplex Corporation Q1 (Consolidated YoY)
Profit stands at Rs 97.1 crore Vs loss of Rs 10.3 crore
Revenue grows 8% to Rs 1,685.6 crore Vs Rs 1,560.5 crore
Other income rises to Rs 25.92 crore Vs Rs 12.42 crore
KNR Constructions Q1 (Consolidated YoY)
Profit jumps 24.6% to Rs 166 crore Vs Rs 133.2 crore on strong operating numbers
Revenue rises 0.4% to Rs 985 crore Vs Rs 981 crore
Hinduja Global Solutions Q1 (Consolidated YoY)
Loss stands at Rs 57 crore Vs profit at Rs 16.64 crore
Revenue falls 3.7% to Rs 1,091.9 crore Vs Rs 1,133.5 crore
Stocks To Watch
Hindustan Zinc
Promoter Vedanta will be selling a 3.17% stake in Hindustan Zinc through an offer-for-sale (OFS) from August 16-19. The OFS will have a base size of 1.22% with an option to sell an additional 1.95% stake in case of oversubscription. The floor price has been fixed at Rs 486 per share.
Tata Steel
The company has acquired 115.92 crore ordinary equity shares of its subsidiary, T Steel Holdings Pte, for $182 million (Rs 1,528.24 crore). Post this acquisition, T Steel Holdings Pte will continue to be a wholly owned subsidiary of the company.
Power Mech Projects
The company has received an order worth Rs 114.30 crore from Coastal Energen. The order involves the operation and maintenance of a 1,200 MW (2*600 MW) coal-based thermal power plant, namely Mutiara Thermal Power Plant, owned by Coastal Energen at Melamaruthur, Tamil Nadu, for one year, effective October 1.
Bulk Deals
Kiri Industries
Griffin Growth Fund VCC has bought a 1.4% stake in the company at an average price of Rs 334.1 per share. However, LTS Investment Fund was the seller in this deal.
NDL Ventures
Legends Global Opportunities (Singapore) Pte bought a 0.68% stake in the company at an average price of Rs 97.87 per share from New Leaina Investments.
Shanti Educational Initiatives
Foreign portfolio investor LGOF Global Opportunities sold a 1.24% stake in the company at an average price of Rs 127.4 per share.
Relicab Cable Manufacturing
SK Growth Fund sold a 4.02% stake in the company at an average price of Rs 138.29 per share.
SME Listing on August 16
Aesthetik Engineers
Stocks Turn Ex-Dividend
Coal India, Power Grid Corporation of India, Apollo Hospitals Enterprise, Astral, Bata India, Macrotech Developers, Abirami Financial Services, Alkali Metals, Anuh Pharma, Bella Casa Fashion & Retail, Bharti Hexacom, Bharat Highways InvIT, Capital Small Finance Bank, Cochin Minerals & Rutile, Comfort Fincap, Comfort Intech, Compucom Software, Container Corporation of India, Elcid Investments, Electrosteel Castings, Elixir Capital, Gland Pharma, Godrej Consumer Products, Godawari Power & Ispat, KK Shah Hospitals, NGL Fine-Chem, National Highways Infra Trust, NR Agarwal Industries, Page Industries, Premco Global, Ram Ratna Wires, Rossari Biotech, Steelcast, Thomas Cook, Thyrocare Technologies, Transindia Real Estate
Stock Trades Ex-Date For Rights
A F Enterprises
Stocks Turn Ex-Buyback
Cera Sanitaryware, Dhanuka Agritech, Savita Oil Technologies
Stock Turns Ex-Date For Split
Jamshri Realty
Stocks Under F&O Ban
GNFC, NMDC, Piramal Enterprises, Aarti Industries, Aditya Birla Capital, Aditya Birla Fashion and Retail, Bandhan Bank, Biocon, Birlasoft, Chambal Fertilisers and Chemicals, Granules India, India Cements, IndiaMART InterMESH, LIC Housing Finance, Manappuram Finance, Punjab National Bank, RBL Bank, SAIL, Sun TV Network
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