Stocks in Focus on August 3: UPL, Tata Motors, MEP Infrastructure, Auto Stocks to IT Companies; here are the 5 Newsmakers of the Day

Key domestic benchmarks ended with modest losses on Friday, July 31, 2020, dragged by Reliance Industries and HDFC twins. Global cues were subdued following a record contraction in US gross domestic in the second quarter. The S&P BSE Sensex dropped 129.18 points or 0.34% at 37,606.89

Stocks in focus today are likely to be TVS Motors, Eicher Motors, Bandhan Bank, Tata Chemicals and Ujjivan Small Finance Bank. Source: Reuters

Key domestic benchmarks ended with modest losses on Friday, July 31, 2020, dragged by Reliance Industries and HDFC twins. Global cues were subdued following a record contraction in US gross domestic in the second quarter. The S&P BSE Sensex dropped 129.18 points or 0.34% at 37,606.89. The Nifty 50 index fell 28.70 points or 0.26% at 11,073.45. But certain stocks came in news after the market was closed. These stocks can impact the indices when it reopens on Monday, August 3, 2020. List of such five stocks:

Triggers: There are certain events, like results today, Maharashtra Assembly monsoon session, Monsoon Alert, Ex-dividend and AGM, which can create positive/negative reactions in the markets. Find them in detail:

Results Today: Exide Industries, BSE, Dhanlakshmi Bank, Kansai Nerolac Paints, KPIT Technologies, MRPL, VST Industries, Solara Active Pharma, Wheels India and Bank of India will announce their quarterly results today.

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Maharashtra Assembly monsoon session: Monsoon session of Maharashtra Legislative Assembly will begin today.

Monsoon Alert: IMD says that heavy rains are expected along the central and west coast of India by August 3-5, 2020.

EX- Dividend: Bosch Ltd, ICICI Securities Ltd, Lupin Ltd and Titan Company Ltd will turn ex-dividend today. The ex-dividend date for stocks is usually set one business day before the record date.
AGM: Annual General Meeting of companies, like Bharti Infratel Ltd, CESC Ltd, Wockhardt Ltd and Spencers, is scheduled to be held today.

Results: These companies, namely UPL, Tata Motors, Tata Chemicals, Ujjivan Small Finance Bank, MEP Infra, Va Tech Wabag, have reported their financial results after the market hours between Friday and Sunday. Find in details:

UPL Ltd: UPL on July 31, 2020, reported 85% year-on-year (YoY) rise in consolidated profit at Rs 653 crore for the quarter ended on June 30, 2020. It posted a net profit of Rs 354 crore in the corresponding quarter last year. Consolidated revenue from operations declined 0.9% YoY to Rs 7,883 crore against the revenue of Rs 7,906 crore posted last year. EBITDA stood at Rs 1,831 crore, 46% up from Rs 1,246 crore posted in the same period last year. The margin advanced to 23% in Q1FY21 from margin of 15.8% posted in Q1FY20.

Tata Motors: The commercial vehicle major and the owner of Jaguar Land Rover, Tata Motors has reported a year-on-year net loss of Rs 8,438 crore for the quarter ended on June 30, 2020. It reported a net loss of Rs 3,698 crore in the corresponding quarter last year. Revenue from operations declined 48% to Rs 31,983 crore in the quarter compared to revenue of Rs 61,467 crore posted in the year-ago quarter. EBITDA stood at Rs 682.7 crore, down 76.1% from Rs 2,858 crore, while the margin contracted to 2.1% in Q1FY21 from 4.6% posted in Q1Fy20.

Tata Chemicals: The chemical company, Tata Chemicals has reported a 67% year-on-year decline in consolidated profit at Rs 74 crore for the quarter ended on June 30, 2020. It had posted a net profit of Rs 226 crore in the same period last year. Revenue from operations declined 9% to Rs 2,348 crore as compared to Rs 2,584 crore posted last year. EBITDA stood at Rs 360 crore, down 51% from Rs 749 crore, while the margin contracted to 15% in Q1FY21 from 29% posted in Q1FY20.

Ujjivan Small Finance Bank: The Bangalore-based Ujjivan Small Finance Bank has reported a 42% year-on-year decline in its profit at Rs 55 crore for the quarter ended on June 30, 2020. It posed a net profit of Rs 95 crore in the corresponding quarter last year. Net interest income (NII) grew by 30% to Rs 458 crore as compared to Rs 352 crore posted last year in the same quarter. Gross NPA was 0.97% while net NPA stood at 0.18% against 0.2% posted in the previous quarter.

MEP Infrastructure: The Mumbai-based MEP Infrastructure has reported a year-on-year loss of Rs 47.6 crore in the quarter ended on June 30, 2020. It posted a net profit of Rs 16 crore posted in the corresponding quarter of last year. Revenue from operations declined 39% to Rs 421 crore from Rs 695.4 crore posted last year. EBITDA stood at Rs 57.8 crore, down 67% from Rs 159 crore, while the margin contracted to 13.7% in Q1FY21 from 22.8% posted in Q1FY20. VA Tech WABAG: VA Tech WABAG has reported a 9% year-on-year decline in profit at Rs 31.1 crore for the quarter ended on June 30, 2020. It posted a net profit of Rs 34.4 crore in the corresponding quarter last year. Its revenue from operations increased by 15.6% to Rs 785 crore from Rs 679.2 crore posted last year. EBITDA stood at Rs 50.75 crore, up 15.6% from Rs 679.2 crore posted last year. The margin advanced to 6.6% in Q1FY21 from 6% posted in Q1FY21.

July Auto Sales: Indian automakers have reported their sales numbers for June, amid supply-chain constraints.

Maruti Suzuki India: The sale of Maruti Suzuki India Limited’s has increased by 1.3% in the domestic market on a year-on-year basis. It sold 97,768 units in July 2020 as compared 96,478 units sold in July 2019. Total exports decline 27% to 6,757 units this year against 9,258 units sold last year. It sold a total of 1,08,064 units in July 2020, down 1.1% from 1,09,264 crore sold last year.
Mahindra & Mahindra Ltd (M&M): M&M has reported a 34% year-on-year (YoY) decline in its domestic vehicle sales of passenger vehicles segment to 11,025 units in July 2020. It sold 16,831 units in July 2019. Sales in the commercial vehicle segment dropped 18% to 13,103 units as compared to 15,969 units sold last year in July. Total exports were 45% down to 1,467 units in July 2020 from 2,668 units exported in July 2019.

TVS Motors: TVS Motors has sold 2.43 lakh units of motorcycles in July 2020 as compared to 2.65 lakh units sold last year. Total exports declined to 62,389 units in July 2020 as compared to 69.994 units sold last year in the same month. Two-wheelers exports stood at 54,141 units in July this year as compared to 54,141 units sold last year. Sales in the three-wheelers segment declined to 8,956 units from 13,786 units.

Eicher Motors Ltd: Eicher Motors has announced the sales figures for July 2020. It reported a 19% year-on-year decline in total sales to 36,384 units in July 2020 against 45,041 units sold in July 2019. Motorcycles sales dropped to 36,384 units as compared to 39,000 units sold last year. The export also saw a steep decline of 53% at 2,409 units compared to 5,003 units in July 2019.
Ashok Leyland: The home-grown commercial vehicle manufacturer, Ashok Leyland’s total sales declined by 58% to 4,282 units in July 2020 from 10,100 units sold in July 2019. Total CV sales increased to 4,282 units as compared to 3,600 units sold last year.

Bandhan Bank Ltd: The promoter of the lender is likely to sell 20.9% stakes of the bank through a block trade today to raise Rs 10,500 crore. The floor price has been set at Rs 311.10 per share

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IT Companies in focus: United States Department of Homeland Security (DHS) on Friday approved a final rule which will increase fees for non-immigrant work visas effective October this year. Filing fees for H-1B high-skill visas will increase by 21% to $555, while those for L (intra-company transfer) visas will increase by 75% to $850.

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