Stocks in Focus on May 12: IRCTC, Piramal Enterprises, Indigo, SpiceJet to Maruti Suzuki; here are expected newsmakers of the day

Stocks in Focus on May 12: IRCTC, Piramal Enterprises, Indigo, SpiceJet, Maruti Suzuki, etc. are expected newsmakes throughout the intraday trade session.

Stocks in Focus on May 12: 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 May 12: Dragged by weakness in banks and financial stocks, the market ended the volatile session with small losses on Monday, May 11, 2020. Gains in index heavyweights Reliance Industries (RIL) and TCS supported the benchmarks. The barometer S&P BSE Sensex fell 81.48 points or 0.26% at 31,561.22. The Nifty 50 index was down 12.30 points or 0.13% at 9,239.20. But certain stocks came in news after the market was closed. These stocks can impact the indices when it reopens on Tuesday, May 12, 2020. List of such five stocks:

Piramal Enterprises/ Godrej Agro/ ADF Foods/ Motilal Oswal: These four companies have declared their March quarter results on Monday after the market was closed for trading purposes.

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Piramal Enterprises: Piramal Enterprises on Monday posted a consolidated net loss of Rs 1,702 crore for the quarter ended March 31, 2020, against Rs 455 crore posted in the corresponding quarter last year. Adjusted PAT stood at Rs 807 crore, up 40%, against Rs 575 crore. Total income was down by 2% at Rs 3,341 crore against Rs 3,409 crore. The board also recommended a dividend of Rs 14 per share. The total dividend payout on this account would be Rs 316 crore. The financial services arm of the company saw an 11% fall in revenue at Rs 1,718 crore from Rs 1,933 crore. The gross non-performing assets (GNPA) moved up 27.3% quarter-on-quarter (QoQ) to Rs 1,202 crore against Rs 944 crore. The GNPA ratio stood at 2.4% QoQ against 1.8%. The company’s pharma business has delivered healthy revenue growth of 10% to Rs 1,623 crore Vs Rs 1,476 crore in Q4FY19. It raised Rs 14,500 crore in FY20 and its AGM is scheduled to be held on July 30.

Godrej Agrovet Ltd (GAVL): Godrej Agrovet reported 34% year-on-year (YoY) decline in consolidated net profit at Rs 74.58 crore during the March quarter FY20 which ended on March 31. It had posted a net profit of Rs 113.7 crore in the corresponding quarter last year. Its revenue rose 17% to Rs 1,643 crore during the January-March quarter from Rs 1,401 crore in the year-ago quarter. EBITDA grew 68% at Rs 126 crore against Rs 75 crore. Margins grew to 7.8% against 5.4%.

ADF Foods: ADF Foods on Monday reported financial results for the period ended March 31, 2020. It posted a net profit of Rs 13.3 crore, three times up, from Rs 3.16 crore. Total income grew 24% YoY to Rs 86 crore from Rs 69 crore. Its EBITDA stood at Rs 19.5 crore, up 11%, from Rs 17.6 crore, while the margin stood at 15.5% Vs 4.6%.

Motilal Oswal Financial Services Ltd: Motilal Oswal on Monday reported financial results for the period ended March 31, 2020, and posted a loss of Rs 254 crore YoY against the profit of Rs 146 crore reported in the corresponding quarter last year. Its revenue declined 5.4% at Rs 611 crore against Rs 646 crore reported last year.

IRCTC: Indian Railways will start train services from today. Initially, 15 pairs of trains will ply with passengers onboard.

Indigo/ SpiceJet: Government is considering a plan to allow some domestic flights to resume services on or before May 18. Besides, IndiGo has denied that it was seeking to acquire Virgin Australia. The Australian Financial Review reported Monday that it was putting together a proposal to bid for the bankrupt airline.

SEAMEC: HAL Offshore Limited (HAL) has placed a Notification of Award (NOA) for charter hire of SEAMEC III for 2 years. The value of the contract is about $22.98 million. The vessel is likely to be deployed around end July or early August after completing the dry docking and modifications required to meet the contractual obligation.

Maruti Suzuki: The country’s largest carmaker Maruti Suzuki has started deliveries of vehicles, which were booked before Coronavirus-led lockdown came into force. It has delivered around 1,600 units in last one week.

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