stock market

2021-08-05 16:14:08 NCC Q1 : Cons. Net Profit 57 % To Rs 50 cr (QOQ), up 219 % YOY

Revenue Down 27 % To Rs 2064 cr (QOQ), up 59 % YOY

EBITDA down 31 % to Rs 210 cr (QOQ) , up 69 % YOY Open / Comment

2021-08-05 16:13:54 Prince Pipes Q1 : Cons. Net Profit Down 82 % To Rs 17.7 cr (QOQ), Up 58 % YOY

Revenue Down 57 % To Rs 330 cr (QOQ), up 9 % YOY

Ebitda down 72 % To Rs 41.3 % (QOQ), Up 31 % YOY Open / Comment

2021-08-05 15:36:53 Tata Chemical Q1 : Cons. net Profit Up 2362 % To Rs 288 cr (QOQ), Up 2069 % YOY

Revenue Up 13 % To Rs 2977 cr (QOQ), Up 27 % YOY

EBITDA Up 11 % to Rs 3170 cr (QOQ), Up 21 % YOY Open / Comment

2021-08-05 12:04:32 SML Isuzu reports Q1 earnings

Net Loss at ₹33.4 cr Vs Loss of ₹52.3 cr (YoY)
Revenue at ₹100 cr Vs ₹28.7 cr (YoY)
EBITDA loss at ₹17.3 cr Vs Loss Of ₹35.8 cr (YoY) Open / Comment

2021-08-05 12:04:24 UNION HEALTH MINISTER MANSUKH MANDAVIYA TODAY HELD A MEETING WITH DR SATISH REDDY, CHAIRMAN OF DR REDDY’S LAB OVER THE PRODUCTION AND SUPPLY OF SPUTNIK V COVID-19 VACCINE Open / Comment

2021-08-05 12:04:16 JOHNSON CONTROLS-HITACHI AIR CONDITIONING:Q1 EBITDA RUPEES 6.5 cr VS 77.3 cr (QOQ) ||

Q1 EBITDA MARGIN 0.96% VS 13.36% (QOQ) Open / Comment

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2021-08-05 05:50:14 *Business News Headlines*

*Economic Times*

Ø KM Birla stepping down as non-exec chairman of Voda Idea
Ø With BP as ally, Reliance Industries wants to dominate the highway retail market
Ø Voda Idea lenders fret over ‘too big to fail’ telco giant
Ø NSE-BSE bulk deals: Sunil Singhania’s Abakkus Asset sells stake in Ugro Capital
Ø Stock markets likely reflecting the future growth prospects: FM
Ø Shrem Group aims to raise Rs 600 cr by diluting stake in InvIT next week
Ø Krsnaa Diagnostic IPO fully subscribed on day 1
Ø Devyani International collects Rs 825 cr from anchor investors
Ø Zomato is the beginning of a very long trend: Vikas Khemani
Ø Yes Bank fraud: Delhi Court sends Avantha Group promoter Gautam Thapar to one-day ED custody
Ø JK Lakshmi Cement to invest in augmenting existing capacities in North, West markets

*Business Standard*

Ø Kesoram scraps preferential allotment, plans rights issue
Ø Banks to discuss next course of action on debt-laden Vodafone Idea
Ø Carlyle affiliate to offload entire 1.9% stake in SBI Life Insurance
Ø India needs 3 pvt players in telecom; hope govt offers support: Airtel CEO
Ø Prices of pulses decline on stock limits; edible oil still rising
Ø Ability to smoke out of home to help cigarette sales in FY22: Report
Ø RBI extends deadline for shifting of current accounts till Oct 31
Ø Resident Indian fund managers can be part of FPIs, says Sebi
Ø ESG integration in business will help create long-term value: EY India
Ø Shrem Group aims to raise Rs 600 cr by diluting stake in InvIT next week

*Financial Express*

Ø Realtors welcome UPRERA extension to realty projects
Ø ED arrests Avantha Group promoter Gautam Thapar in money laundering case
Ø Kumar Mangalam Birla steps down as non-executive chairman of Vodafone Idea
Ø Paytm Money records over Rs 70,000 average investment from 2.1 lakh demat a/c holders in FY21
Ø Cotton sowing picks up after July’s dry spell
Ø Unlisted InvITs: Sebi puts in place framework for minimum number of unit holders
Ø Sebi gives more time to brokers, clearing members to comply with certain rules
Ø Maruti Suzuki cars have least CO2 emissions: CNG, hybrids the way forward says Chairman
Ø RBI issues framework for outsourcing of activities by Payment System Operators
Ø 'Indian firms supplied defence equipment worth ₹2.02 lakh cr since 2018-19'

*Mint*

Ø Zomato incorporates digital transaction subsidiary Zomato Payments
Ø Unilever is said to kick off sale of large part of tea business
Ø Privatization of banks should not need an alibi
Ø India's HPCL to operate expanded Mumbai refinery at full rate by mid-October
Ø Carlyle-PNB Housing Fin deal gets CCI nod
Ø 'IT services industry growth to accelerate in FY22, profit margins to moderate'
Ø India's e-commerce market continues to grow at 5% rate per annum, says govt
Ø ESG integration in business will help create long-term value: EY India
Ø Reliance announces doubling of PET bottles recycling capacity
Ø China takes aim at auto chip dealers with global supplies low
Ø Suzuki to cut vehicle production at the Gujarat factory due to chip shortage
Ø Infra.Market raises $125 million, valuation soars to $2.5 billion Open / Comment

2021-08-05 05:18:25 Earnings: Cipla, GAIL (India), Adani Power, Escorts, Birla Corporation, Gujarat Gas, Tata Chemicals, Accelya Solutions India, Bajaj Consumer Care, IPCA Laboratories, Brigade Enterprises, REC, Honeywell Automation India, KIOCL, NCC, Quess Corp, Thermax, Narayana Hrudayalaya, Ador Welding, Alicon Castalloy, Andhra Petrochemicals, Arvind, Cera Sanitaryware, Hikal, ITD Cementation India, Johnson Controls-Hitachi Air Conditioning India, Prince Pipes And Fittings, Jubilant Industries, Monte Carlo Fashions, NACL Industries, Navkar Corporation, Niyogin Fintech, Panama Petrochem, PTC India Financial Services, Pitti Engineering, SML Isuzu, Somany Ceramics, TTK Healthcare, Vidhi Specialty Food Ingredients Open / Comment

2021-08-05 05:18:09 Stocks To Watch
• Vodafone Idea: Kumar Mangalam Birla has stepped down as chairman of the company. The board accepted Birla’s request to step down as non-executive director and non-executive chairman of Vodafone Idea from August 4. Board has elected Himanshu Kapania as the non-executive chairman. Kapania is a nominee of the Aditya Birla Group. Board also appointed Sushil Agarwal, a nominee of Aditya Birla Group, as an additional director.
• SBI Life Insurance Company: CA Emerald Investments, an affiliate of Carlyle Group, to sell its entire 1.9% stake in SBI Life Insurance Company. It will sell 1.90 crore shares at Rs 1,130- Rs 1,136.85 apiece, as per term sheet. At the lower end, CA Emerald Investments will be able to raise Rs 2,147 crore ($289.4 million).
• Reliance Industries: To double its PET recycling capacity by setting up a recycled polyester staple fiber manufacturing facility in Andhra Pradesh. Srichakra Ecotex India will build and operate the new recycled PSF – Recron GreenGold and PET flakes wash-line in Andhra Pradesh for Reliance. The plant will help Reliance to more than double its recycling capacity to 5 billion post-consumer PET bottles.
• Dr. Reddy's Laboratories: Entered into a definitive agreement with BioDelivery Sciences International, Inc., to sell its U.S. and Canada territory rights for Elyxyb 25 mg/mL to the U.S.-based firm. Under the terms of agreement, Dr. Reddy's will receive $6 million upfront upon closing, followed by $9 million one year from closing. Further, it is eligible to receive event based, sales-based milestones and quarterly earn-out payments. “Elyxyb is an oral solution dosage form which makes it convenient for patients to take it immediately upon emergence of migraine attacks,” said Dr. Reddy's Laboratories CEO Erez Israeli.
• Shipping Corporation of India: Approved demerger of non-core assets into new company. The demerger is aimed at facilitating “an effective and efficient disinvestment” of Shipping Corporation of India by the government. Shipping Corp holders will get 1 share in the new company for every share they held in the state-run shipping company. The new company will be listed on BSE and NSE.
• Ion Exchange (India): Indian Oil Corporation has awarded an Engineering, Procurement, Construction and Commissioning contract of Rs 357.46 crore to the company to design and install effluent treatment plant on turnkey basis for its Para Xylene and Purified Terephthalic Acid complex project at Paradip, Orissa. The project is to be constructed and commissioned within 26 months from the date of Letter of Acceptance.
• Prakash Industries: Won Bhaskarpara Coal Mine in India auction.
• MMTC: The Supreme Court has passed an order in MMTC vs Anglo American Metallurgical Coal Pty Case reducing the interest component. Details are being worked out to know the impact of this decision, the company said. MMTC may need to make significant provision in the Accounts for 2020-21. The company is also exploring all legal remedies available.
• Shriram Transport Finance Company: Allotted 1000 secured NCDs of face value of Rs 10 lakh each, aggregating to Rs 100 crore on private placement basis. The proceeds of the issue will be utilised for financing of commercial vehicles, refinancing of existing debt and other general purposes of the company.
• Borosil Renewables: To increase production capacity of its third furnace (SG-3), being installed at its manufacturing facility at Bharuch, Gujarat, from 500 MT to 550 MT per day. The expansion will cost company Rs 600 crore Open / Comment