Stocks in Focus on June 30: Tata Steel, Cipla, Pharma Stocks to Banks in Focus; here are expected newsmakers of the day

Stocks in Focus on June 30: Tata Steel, Cipla, BEL, Central Bank of India, etc. are expected newsmakers throughout the intraday trade session.

Certain stocks came in news after the market was closed. These stocks can impact the indices when it reopens today. Photo: Reuters

Stocks in Focus on June 30: Key domestic benchmarks ended with modest losses on Monday, June 30, 2020, on the back of mixed global cues amid rising cases of coronavirus. The barometer S&P BSE Sensex declined 209.75 points or 0.6% at 34,961.52. The Nifty 50 index fell 70.60 points or 0.68% at 10,312.40. But certain stocks came in news after the market was closed. These stocks can impact the indices when it reopens on Tuesday, June 30, 2020. List of such five stocks:

Tata Steel/ Petronet LNG/ BEL/ Bharat Dynamics/ SJVN/ Raymond/ Minda Industries/ Central Bank of India/ Spencers Retail/ GIC Housing/ Jai Corp/ Force Motors: They are the companies that reported their financial results of the fourth quarter of the financial year 2019-20 (FY20) after the market hours on Monday, June 29, 2020. Find details:

Tata Steel: Steelmaker Tata Steel on Monday posted a consolidated net loss at Rs 1,096 crore for the quarter ended on March 31, 2020. It had reported a profit of Rs 2,431 crore in the same period last year. Consolidated revenue from operations declined 20% year-on-year to Rs 33,770 crore, for the quarter under review (Q4FY20), when compared to the revenue of Rs 42,424 crores of the corresponding quarter of the last financial year (Q4FY19). EBITDA stood at Rs 4,647 crore, down 38% from Rs 7,513 crore posted last year. The margin contracted 13.76% from 17.71%. Board approves dividend of Rs 10 per share.

TRENDING NOW

See Zee Business Live TV streaming below:

Petronet LNG: Petronet LNG on Monday posted a 47% quarter-on-quarter drop in standalone net profit at Rs 356.6 crore for the quarter ended on March 31, 2020. It had reported a net profit of Rs 675 crore in the same period last year. Standalone revenue from operations fell 3.8% to Rs 8,567 crore in Q4FY20 when compared to a revenue of Rs 8,919 crore posted in Q4FY19. EBITDA stood at Rs 697 crore, down 37% from Rs 1,107.6 crore. The margin contracted to 8.1% from 12.4% posted last year.

Bharat Electronics Limited (BEL): The state-owned Aerospace and Defence Company on Monday announced the financial results of the quarter ended on March 31, 2020, and posted a 54% rise in standalone profit to Rs 1,034 crore. It reported a net profit of Rs 668.6 crore in the same quarter last year. Standalone revenue from operations rose 52% to Rs 5,725 crore from Rs 3,772 crore posted last year. EBITDA stood at Rs 1,482 crore, up 59% from last year’s Rs 929 crore. The margin grew to 25.88% from last year’s 24.6%.

Bharat Dynamics: India's manufacturers of ammunitions and missile systems company on Monday announced the financial results of the quarter ended on March 31, 2020, and posted a profit of Rs 293 crore. It reported a net profit of Rs 121.6 crore in the same quarter last year. Revenue from operations stood at Rs 1,435.4 crore in Q4FY20 against a revenue of Rs 877 crore posted in Q4FY19. EBITDA stood at Rs 404 crore against the EBITDA of Rs 119.53 crore posted a year ago in the same quarter. The margin grew to 28% from 13.6%.

SJVN Ltd: State-run power producer SJVN Ltd on Monday reported a 13% decline in consolidated net profit to Rs 397 crore for the quarter ended on March 31, 2020. It reported a consolidated profit of Rs 458 crore in the quarter ended on March 31, 2019. Consolidated revenue from operations declined 32% to Rs 538 crore from Rs 794 crore posted in the same period last year. EBITDA stood at Rs 342 crore, down 44% from Rs 614.5 crore posted last year. The margin contracted to 63.5% from 77.4%.

Raymond: The company has posted a consolidated net loss of Rs 69 crore in the quarter ended on March 31, 2020. It reported a net profit of Rs 67.7 crore in the same quarter last year. Its revenue from operations declined 29% to Rs 1,278.7 crore during the quarter under review as against Rs 1,809 crore in the corresponding quarter of the previous financial year.

Minda Industries: Auto component maker Minda Industries on Monday reported a massive 90% year-on-year dip in consolidated net profit to Rs 7.3 crore in the March quarter of FY2020. It reported a consolidated profit of Rs 73.5 crore a year ago in the same quarter. Consolidated revenue from operations declined 10% to Rs 1,339 crore during the quarter under review against Rs 1,486 crore posted in the corresponding quarter of the previous financial year. EBITDA was Rs 122 crore, down 34% from Rs 185 crore posted last year. The margin stood at 9.1% against 12.5% of last year. The company has reported an exceptional loss of 9 Crore.

Central Bank of India: Public sector lender Central Bank of India on Monday reported narrowing loss of Rs 1,529 crore for the quarter ended on March 31, 2020, as provisions for bad loans declined. The bank reported a loss of Rs 2,477 crore in the same quarter a year ago. Its income stood at Rs 6,723 crore during the quarter under review against an income of Rs 6,620 crore the bank reported in the corresponding quarter last year. Net interest margin (NIM) stood at 2.85% in Q4FY20 against 2.34% posted in Q4FY19. Net NPA also came down to 7.63% as against 9.26% in December quarter same financial year, i.e. Q3FY20. The gross NPA also came down to 18.92% against 19.99% posted in the same period last year. Provision other than tax and contingencies too declined to Rs 2,178 crore from Rs 4,734 crore in the same period a year ago.

Spencer Retail: The company on Monday reported a consolidated loss of Rs 49 crore in the quarter ended on March 31, 2020. It posted a net profit of Rs 1.83 crore in the same quarter last year. Consolidated revenue grew 22% to Rs 640 crore against Rs 523.46 crore posted in the same period last year. EBITDA grew to Rs 8.7 crore this year from last year’s Rs 1.75 crore.

GIC Housing Finance: The company on Monday reported a consolidate profit of Rs 26.4 crore for the quarter that ended on March 31, 2020. It reported a consolidated profit of Rs 51 crore in the same quarter last year. Its revenue from operations stood at Rs 313 crore in Q4FY20 against Rs 323.5 crore posted inQ4FY19.

JAI Corp Ltd.: The company on Monday posted a consolidated profit of Rs 3.92 crore in the quarter ended on March 31, 2020. It posted a consolidated loss of Rs 3.78 crore in the same quarter last year. Consolidated revenue from operations of Jai Corp declined 16% to Rs 122 crore in Q4FY20 against a revenue of Rs 146 crore posted in Q4FY19. Force Motor: The automotive company on Monday reported 84% year-on-year decline in consolidated profit at Rs 6.09 crore for the quarter ended on March 31, 2020. It reported a consolidated net profit of Rs 36.7 crore in the same quarter last year. Consolidated revenue from operations was down 38% to Rs 653.7 crore in Q4FY20 against revenue of Rs 1,060 crore posted in Q4FY19.

Unlock 2 + PVR/Inox + Spicejet/Indigo: Union Home Ministry on Monday night issued fresh guidelines for the month-long ‘Unlock 2’ and said cinema halls, swimming pools, auditorium, metro rail services, international airlines, educational institutions and gyms will continue to remain closed till July-end. Centre’s ‘Unlock 1.0’ will come to end today. Seven films like Laxmi Bomb & the Big Bull is all set to release on Disney Plus Hotstar OTT.

Cipla + Pharma stocks in focus: Cipla will be in focus today as Gilead Sciences Inc Pharmaceutical Company has priced its COVID-19 drug candidate remedesivir at $2,350 for a five-day treatment. Other pharma stocks will remain in focus as Pharma major Bharat Biotech has announced the development of India’s 1st vaccine candidate for COVID-19, named COVAXIN, in collaboration with the Indian Council of Medical Research (ICMR)-National Institute of Virology (NIV). Bharat Biotech has declared that the Drug Controller General of India has granted permission to initiate Phase I & II Human clinical trials after the company submitted results generated from preclinical studies, demonstrating safety and immune response. Human clinical trials are scheduled to start across India in July 2020.

Liquor Companies In focus: The Odisha government on Monday allowed home delivery of Out Still (OS) liquor and ENA (Extra Neutral Alcohol) based country liquor across the state except those situated in containment zones with immediate effect. The home delivery can be done between 7 am to 6 pm subject to compliance of lockdown orders issued by local authorities.

Banks In Focus: RBI announces fresh OMO for sale, purchase of government securities for Rs 10,000 crore each. RBI will conduct purchase and sale of government securities under OMO each on July 2, 2020. The RBI undertakes ‘OMO’ to manage yields in the bond market.

TAGS: