08 Jul , 2024 By : Debdeep Gupta
Here's a quick look at the stocks that will be in focus in trade on Monday, covering quarterly provisional numbers, fundraising, and large deals announced by companies over the weekend:
Results Today
Shalby, Khoobsurat, Oceanic Foods, Secure Credentials, and GD Trading & Agencies will announce their quarterly earnings on July 8.
Quarterly Provisional Numbers
FSN E-Commerce Ventures (Nykaa) Q1 (YoY)
The consolidated entity expects revenue growth to be around 22-23%
Gross merchandise value growth is expected to be in the mid-twenties
Beauty vertical revenue growth is expected to be around 22-23%
Beauty vertical gross merchandise value growth is expected to be higher, in the high twenties
Fashion vertical is expected to deliver revenue growth of around 20%
Fashion vertical gross merchandise value growth is expected to be lower in the mid-teens
Signature Global India Q1 (YoY)
Pre-sales grow 255% to Rs 3,120 crore
Area sold increases 123% to 2.03 million square feet
Collections grow 102% to Rs 1,210 crore
Union Bank of India Q1 (YoY)
Total deposits grow 8.52% to Rs 12.24 lakh crore
Global gross advances increase 11.46% to Rs 9.12 lakh crore
Domestic CASA deposits up 3.76% at Rs 3.99 lakh crore
Adani Wilmar Q1 (YoY)
Volume growth at 13%
The volume of branded exports up 36%
Edible oil volume increases by 13% and its value grew at 10%
Food and FMCG volume growth at 46%, and value growth at 45%
The industry essentials segment registers an 8?cline in volume
Dabur India Q1
Consolidated revenue is expected to register mid to high single-digit growth
India's business is expected to record mid-single-digit volume growth
In Indian business, the HPC & Healthcare segment is expected to grow in high-single digits
Badshah Masala is expected to post strong volume-led growth in high-teens
International Business is expected to post strong growth in constant currency terms
Gross margins are likely to witness some expansion due to rollover price increases and cost-saving initiatives
Operating profit is expected to grow marginally ahead of revenue
Titan Company Q1 (YoY)
Standalone business registers 9% growth
Adds 61 stores, expanding combined retail network presence to 3,096 stores
Jewellery segment grows 9%
Watches & Wearables segment shows 15% growth
EyeCare segment registers 3% growth
Emerging businesses grow 4%
CaratLane records 18% growth
Induslnd Bank Q1 (YoY)
Net advances grow 16% YoY to Rs 3.48 lakh crore
Deposits increased 15% YoY to Rs 3.98 lakh crore
CASA ratio drops to 36.7% versus 39.9% YoY
Marico Q1
Domestic business posts a modest uptick in underlying volume growth on QoQ
International business delivers double-digit constant currency growth
Consolidated revenue grows in high single-digits
Expect gross margin to expand YoY owing to a favorable portfolio mix
Operating profit is expected to grow slightly ahead of revenue leading to a marginal inching up of operating margin YoY
Bank of Baroda Q1 (YoY)
Global business grows 8.52% to Rs 23.77 lakh crore
Global advances increase 8.14% to Rs 10.72 lakh crore
Global deposits up 8.83% at Rs 13.06 lakh crore
Domestic deposits grow 5.25% to Rs 11.05 lakh crore
Domestic advances increase 8.51% to Rs 8.81 lakh crore
Stocks To Watch
Bank of Baroda
The bank received board approval for raising additional capital to Rs 7,500 crore via debt capital instruments and raising to Rs 10,000 crore through long-term bonds for financing infrastructure and affordable housing.
Tata Motors
Jaguar Land Rover recorded 5% on-year growth in wholesales at 97,755 units and a 9% increase in retail sales at 1.11 lakh units for Q1FY25. Wholesales of Range Rover and Range Rover Sport models increased by 22% and 46% respectively YoY.
NLC India
NLC has emerged as the successful bidder for the Machhakata coal mine in Angul, Odisha. This is the second commercial coal mine block in Odisha. The coal mine block has a total coal reserve of 1,377 million tonnes with a peak-rated capacity of 30 million tonnes per annum.
JM Financial
The board has given its approval for the acquisition of a 42.99% stake in JM Financial Credit Solutions (JMFCSL) by JM Financial for Rs 1,282 crore and the acquisition of a 71.79% stake in JM Financial Asset Reconstruction Company (JMFARC) by JMFCSL from JM Financial for Rs 856 crore. Post transaction, the stake held by JM Financial in JMFCSL will increase to 89.67% and JMFCSL's stake in JMFARC will increase to 81.77%.
Infosys
Hemant Lamba has resigned as Executive Vice President and Global Head of Strategic Sales of the IT services company.
Multi Commodity Exchange of India
Ramesh Gurram has resigned as Chief Information Security Officer and Data Protection Officer of the company, effective September 27, 2024.
Bandhan Bank
The board has approved the appointment of Ratan Kumar Kesh as Interim MD & CEO of the bank, effective July 10, for three months or until a new MD & CEO takes charge, whichever is earlier. Currently, Kesh is the Executive Director & Chief Operating Officer of the company.
Equinox India Developments (formerly Indiabulls Real Estate)
The board has appointed Dhruv Dua as Chief Development & Investment Officer of the company, effective July 5.
Garware Hi-Tech Films
Pradeep Mehta has resigned from the post of Chief Financial Officer of the company, effective July 5.
Aditya Birla Capital
Mukesh Malik will relinquish his position as Chief Operating Officer of the company, effective July 31, as he has opted for early retirement.
Power Grid Corporation of India
The Board of Directors of the company will meet on July 10 to consider enhancing the borrowing limits for FY25 and raising funds for FY26.
Federal Bank
The lender has entered a strategic Bancassurance partnership with Bajaj Allianz Life Insurance. With this collaboration, it now has a total of 10 insurance partners. This strategic alliance will give Federal Bank's customers access to Bajaj Allianz Life Insurance Company’s product suite.
Gillette India
Shareholders have approved the appointment of Kumar Venkatasubramanian as the company's Director and Managing Director for five years, effective May 1, 2024.
Coforge
The company has acquired 4,618,199 equity shares, representing 16.92% of the current paid-up share capital and 16.76% of the expanded capital of Cigniti, at Rs 1,398.50 per share. With this, the company holds 27.98% of the current paid-up share capital and 27.73% of the expanded capital of Cigniti.
PC Jeweller
Punjab National Bank has approved the company's one-time settlement proposal to settle the outstanding dues. The conditions of the one-time settlement include the cash and equity components payable under the settlement, and the release of securities and mortgaged properties.
Bulk Deals
HEG
Quant Mutual Fund sold 1,862,211 equity shares (representing 4.8% of paid-up equity) in the company at an average price of Rs 2,260 per share.
Inox Green Energy Services
Dovetail India Fund sold 2,065,272 equity shares, or a 0.7% stake in the company, at an average price of Rs 168.19 per share.
Stock Turns Ex-Dividend
Computer Age Management Services
Stock Trades Ex-Bonus
Clara Industries
F&O Ban
GNFC, Aditya Birla Fashion & Retail, Bandhan Bank, Hindustan Copper, India Cements, Piramal Enterprises
0 Comment