Stocks in Focus on May 27: BPCL, Cummins, Karnataka Bank, Footwear stocks to Bharti Airtel; here are the 5 Newsmakers of the Day

The domestic stock markets on Wednesday, May 26, 2021, closed with gains. The Sensex climbed 380 points, or 0.75 per cent, to finish at 51,018. The Nifty also added 93 points, or 0.61 per cent, to settle at 15,301. But certain stocks came in the news after the market was closed. These stocks can impact the indices, when it reopens on Thursday, May 27, 2021

Stocks that are likely to remain in focus today include Pfizer, Burger King, Karnataka Bank, Aarti Surfactants and Kalpataru Power. Source: Reuters

The domestic stock markets on Wednesday, May 26, 2021, closed with gains. The Sensex climbed 380 points, or 0.75 per cent, to finish at 51,018. The Nifty also added 93 points, or 0.61 per cent, to settle at 15,301. But certain stocks came in the news after the market was closed. These stocks can impact the indices, when it reopens on Thursday, May 27, 2021. List of such five stocks:

BPCL: The petroleum refinery company has reported a 330% QoQ rise in the profit at Rs 11,940 crore for the quarter ended March 31, 2021 (Q4FY21). It had reported a profit of Rs 2,777.6 crore in the previous quarter ended December 31, 2021 (Q3FY21). Revenue grew 15.2% to Rs 76,882.3 crore in the reported quarter as compared to Rs 66,731.4 crore posted in the previous quarter. EBITDA grew 17.5% to Rs 5,057.9 crore as compared to Rs 4,305.8 crore posted in the previous quarter. The EBITDA margin remained almost flat at 6.6% in Q4FY21 as compared to 6.5% posted in Q3FY21. In Q4FY21 GRM stood at $6.64/Barrel. Forex Gain and Exceptional gain lead to better than estimate performance. This Gain includes a gain on sale of investments in Subsidiaries of Rs 9,422 crore and a Forex Gain of Rs 199.75 crore. It reported an exceptional Gain of Rs 6992 crore. The company has declared a dividend of Rs 58 per share, this includes a special dividend of Rs 35 per share. Zee Business has told you first what to expect on the front of dividend.

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Cummins + Burger King + Pfizer + Karnataka Bank

Cummins India: The designer and manufacturer of the services diesel and alternative fuel engines has reported a 57.6% YoY jump in the profits at Rs 186 crore for the quarter ended March 31, 2021. It had reported a profit of Rs 118 crore in the corresponding quarter last year. Sales grew 19.3% YoY to Rs 1,231 crore as compared to Rs 1,032 crore posted last year. EBITDA grew 230% to Rs 152 crore as compared to Rs 46 crore posted last year. Margin improved to 12.3% in Q4FY21 as compared to Rs 4.5% posted in Q4FY20. The Board has recommended a final dividend of Rs 8 per equity shares for the financial year ended on March 31, 2021, in addition to the interim dividend of Rs 7 per share declared on January 28, 2021. The record date for the purpose of ascertaining the payment of the final dividend is August 5, 2021, and the payout date has been fixed on September 7, 2021.

Burger King: The fast-food restaurant company has reported a consolidated loss of Rs 26 crore for the quarter ended March 31, 2021. It had posted a loss of Rs 37.4 crore in the corresponding quarter of the last financial year. Consolidated revenue grew 2.6% to Rs 196 crore in the reported quarter as compared to Rs 191 crore posted last year. The EBITDA grew 20% to Rs 24 crore as compared to Rs 20 crore posted last year. The EBITDA margin improved to 12.2% in Q4FY21 as compared to 10.5% posted in Q4FY20. The AGM is scheduled for August 25, 2021.

Pfizer: The pharmaceutical company has reported a 2.9% YoY decline in the consolidated profit at Rs 100 crore for the quarter ended March 31, 2021. It had reported a profit of Rs 103 crore in the corresponding quarter of the last financial year. Consolidated revenue grew 6.6% YoY to Rs 535 crore as compared to Rs 502 crore posted last year. The EBITDA grew 15.6% to Rs 126 crore as compared to Rs 109 crore posted last year. EBITDA margin improved to 23.6% in Q4FY21 as compared to 21.7% posted in Q4FY20. The board has recommended a normal dividend of Rs 30 per share and a special dividend of Rs 5 per share.

Karnataka Bank: The lender has reported a 15.8% YoY rise in profit at Rs 31.6 crore for the quarter ended March 31, 2021. It had reported a profit of Rs 27.3 crore in the corresponding quarter of the last financial year. Net Interest income fell 13.2% YoY to Rs 459 crore in the reported quarter as compared to Rs 529 crore posted last year. Provisions fell 3.9% YoY to Rs 342 crore as compared to Rs 356 crore posted last year and sequentially in went up by 59.8% (QoQ) from Rs 214 crore posted in December quarter. Net interest margin dropped to 2.41% in Q4FY21 as compared to 2.86% in Q4FY20. The Gross NPA increased QoQ to 4.91% in Q4FY21 as compared to 3.1%% reported in Q3FY21. The Net NPA grew QoQ to 3.18% in Q4FY21 as compared to 1.74% posted in Q3FY21. The board has declared a dividend of Rs 1.8 per share.

Footwear / Textile Industry in focus: The GST rates on footwear and readymade garments may go up during the GST council meeting is scheduled on Friday, May 28, 2021. The council is expected to take up correcting the inverted duty structure during this meet. The fitment committee, which recommends rate changes to the Council, has proposed increasing the rate on footwear (less than Rs 1,000), readymade garments, and fabrics to 12 per cent from 5 per cent now. For inputs like manmade fibre and yarn, the panel has proposed reducing the rate to 12 per cent from 18 per cent to correct the distortion.

Bharti Airtel: The government removes the artificial cap on the data rates being provided by global satellite communication companies, reports. To date, an artificial cap was implemented at speeds of 2Mbps to 4Mbps. The companies have the capability to provide broadband speeds of over 5GBPS.

Bulk Deals

Kalpataru Power: Promoter Kalpataru Properties Sold 28.88 lakh shares (1.9%) @ Rs 425 per share. SBI Mutual Fund bought 28.27 lakh Shares (1.9%) at Rs 425.01 per share.

Pennar Industries: SAIF India IV FII Holdings Limited sold 11,13,529 shares @ Rs 21.14 per share.

LUX Industries: WHV-EAM International Small Cap Equity Fund bought 144,080 shares @ Rs 2537.72 per share.

Aarti Surfactants: Promoter Parimal Desai bought 1.01 lakh shares (1.34%) at Rs 1,372.22 per share.

Promoter Desai Tarla Parimal bought 1 lakh shares (1.32%) at Rs 1,280.99 per share. Promoter Nikhil Desai bought 40,000 shares (0.53%) at Rs 1,283.13 per share. Promoter Nikhil Holdings bought 97,500 shares (1.29%) at Rs 1,399.65 per share. Promoter Jaya Gogri sold 3.70 lakh shares (4.88%) at Rs 1,249.11 per share.

Reliance Infrastructure: HDFC sold 31.86 lakh shares (1.21%) at Rs 58.92 per share.

Vadilal Industries: KIFS Enterprise sold 48,000 shares (0.67%) at Rs 1,006.92 per share.

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