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Stock Radar: Nykaa, Titan, IndusInd Bank, Tata Motors, NLC India in focus on Monday

08 Jul , 2024   By : Debdeep Gupta


Stock Radar: Nykaa, Titan, IndusInd Bank, Tata Motors, NLC India in focus on Monday

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

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