Stock market essentials for August 2: Reliance Jio emerges top buyer in 5G spectrum auction

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Corporate Action:

Last day to buy

Anupam Rasayan and Coforge to be eligible for dividend

Ex-dividend date

Abbott India, Anand Rathi Wealth, Cummins India, DLF, I G Petrochemicals, J.K. Cement, Ramco Cements, Ramco Industries, S H Kelkar, Sigachi, TCPL Packaging, United Breweries and Ultratech Cement

To consider Interim Dividend today

Shyam Metalics & Energy

Vaibhav Global

Results on August 2, 2022

None

Others

JM Financials

Godrej Properties Ltd

GIC Housing Finance

Deepak Nitrite

Voltas

Bharti Infratel

Gujarat Gas Ltd

Dodla Dairy

Bank of India

Lemon Tree

Brigade Enterprises

Thermax

MOIL Ltd

Sheela Foam

Siemens India Ltd

Shyam Metalics

GATI LTD.

Schneider Electric Infrastructure Ltd.

AGMs on August 2, 2022:

Neuland Laboratories

VIP Industries

Godrej Properties

Tata Metaliks

Transport Corp of India

JM Financial

Thermax

Dhanuka Agritech

FII DII DATA

FIIs net bought worth Rs.2320.6Cr of shares on Aug 1 (prov)

DIIs net sold worth Rs822.2Cr of shares on Aug 1

FII F&O Cash Data:

Index futures net buy Rs 2095 cr

Index options net sell Rs 668cr

Stock futures net buy Rs 597 cr

Stock options net sell Rs 71 cr

TURNOVER (` IN cr) Yesterday

BSE Cash: 13,576.38 cr

NSE Cash: 57,996.66 cr

BSE F&O: 2,12,525.20 cr

NSE F&O: 73,29,016.31

Corporate Announcements

RESULTS Q1FY23

PUNJAB ALKALIES & CHEMICALS, STANDALONE YOY

Revenue at `186 cr vs `75.3 cr, up 147.01%

EBITDA at `64.9 cr vs `14.9 cr, up 334.14%

EBITDA margin at 34.87% vs 19.84%

PAT at `46.8 cr vs `8.9 cr, up 425.84%

ESCORTS KUBOTA, CONS, YOY

Revenue at `2032 cr vs `1707 cr, up 19.04%

EBITDA at `203.7 cr vs `241.5 cr, down -15.65%

EBITDA margin at 10.02% vs 14.15%

PAT at `140.6 cr vs `178 cr, down -21.01%

TBZ, Con YoY

Revenue at `579 cr vs `194 cr, up 198.45%

PAT at `2.4 cr vs `9.8 cr, down -75.08%

MANGALORE CHEMICALS AND FERT, YOY

Revenue at `1021.3 cr vs `687 cr, up 48.66%

EBITDA at `67.1 cr vs `55.1 cr, up 21.72%

EBITDA margin at 6.57% vs 8.02%

PAT at `22.8 cr vs `24.3 cr, down -6.17%

MAX FINANCIAL SERVICE, YOY

New Business Premiums (on APE basis): Rs 1,009 Crore, Up 15%.

Gross Written Premium: Rs 4,103 Crore, Up 18%.

Embedded Value at Rs 14,152 Crore; Operating RoEV at 13.5%.

Value of New Business at Rs 213 Crore, Up 23%.

Total Assets Under Management (AUM): Rs 1,07,140 Crore, Up 14%

GOODYEAR, YOY

Revenue at `818 cr vs `534 cr, up 53.18%

PAT at `37.7 cr vs `26.9 cr, up 40.15%

Zomato, QoQ

Revenue at `1810 cr vs `1540 cr, up 17.53%

EBITDA loss at `150 cr vs EBITDA Loss `220 cr

Gross Order Value at Rs 6430 cr

GOV growth was in turn driven by robust growth in order volumes and mild growth in average order values

Avg Monthly transacting customers 16.7 mn

Castrol India

Rev at 1242Cr vs 890Cr

PAT at 206Cr vs 140Cr

Triveni Turbine- Conso YoY

Rev at 259Cr vs 184Cr

PAT at 38.3Cr vs 27.8Cr

EBITDA at 49Cr vs 36Cr

Margins at 19% vs 19.4%

Thyrocare- Conso- YoY

Rev at 128Cr vs 164.5Cr

PAT at 21.7Cr vs 55.9Cr

EBITDA at 36.12Cr vs 71.22Cr

Margins at 28.2% vs 43.3%

Nelcast- Conso- YoY

Rev at 295.2Cr vs 184.8Cr

PAT at 7.8Cr vs 2Cr

EBITDA at 23.3Cr vs 14.5Cr

Margins at 7.9% YoY

5-G SPECTRUM

Reliance Jio- On 5G

Consolidates leadership position in all 22 circles by acquiring right to use spectrum in the 700MHz, 800MHz, 1800MHz, 3300MHz and 26GHz bands

Jio’s unique 700 MHz spectrum footprint will make it the only operator providing True 5G services across India

Total cost of acquiring the right to use the above technology agnostic spectrum for a period of 20 years is Rs. 88,078 crore

As per terms of the spectrum auction, the spectrum payments have to be made over 20 equated annual instalments, with interest computed at 7.2% per annum

Total Annual Payment- 7,877Cr

Bharti Airtel

Airtel acquires 19867.8 MHz spectrum in 900 MHz, 1800 MHz, 2100MHz, 3300 MHz and 26 GHz frequency bands through the auction for Rs 43,084 cr. Spectrum secured for 20 years

The ideal spectrum bank for the best 5G experience, 100x capacity enhancement all done strategically at the least cost

Voda- Idea

Successfully acquired mid band 5G spectrum (3300 MHz band) in our 17 priority circles and mmWave 5G spectrum (26 GHz band) in 16 circles

Other News

Cantabil Retail India

Opened 7 New Showrooms/ Shops at different location in India during the month of July 2022.

Now total number of Showrooms/ Shops of the Company stands at 408

Barbeque Nation

Board Approved further acquisition of 6.34% Paid-up Share Capital of Red Apple Kitchen Consultancy Private Limited (“Red Apple”/“Toscano”); post Acquisition Stake- 75.16%

Red Apple is a Subsidiary, through secondary acquisition i.e., from the existing Shareholders of Toscano for a total consideration of Rs.7.65Cr (cash Consideration)

Board approved Further acquisition of 51% of the Paid-up Share Capital, of Barbeque Nation Restaurant LLC, a Step-down Subsidiary of the Company situated in United Arab Emirates (UAE); total consideration of AED 1,53,000/-(~32.9 Lakhs)(Cash consideration)

RITES

Shri Rahul Mithal, CMD will be holding additional charge of Director (Projects) for a period of three months with effect from August 01, 2022

Krsnaa Diagnostic

Commencement of Operations of Diagnostics Center under Punjab Radiology and Pathology Project ; Company has operationalized diagnostics center at Three more locations

REC

Board to consider a proposal for fund-raising through private placement on 4Th Aug

Pfizer Ltd

Co received the purchase consideration of INR 180.48 crores from Mylan and the Company has transferred its Upjohn Business comprising of six brands

Indian Bank

Raises 1-yr mclr to 7.65% from 7.55%, effective august 3

Power Grid

Shri M. Taj Mukarrum has completed his tenure as Director CFO of POWERGRID on attaining the age of superannuation w.e.f. 31st July, 2022.

Snowman Logistics

Kannan S has been appointed as Chief Financial Officer (“CFO”) of the Company with effect from August 01, 2022.

NMDC

Iron Ore production at 2.05 mt in Jul 22 vs 3.06 MT in Jul 21

Iron Ore Sales at 2.95 mt in Jul 22 vs 2.39 mt in Jul 21

Kansai Nerolac

PLANS INR1.3B CAPEX FOR JAINPUR PLANT EXPANSION

TO ADD 4.4M LITERS/MONTH CAPACITY AT JAINPUR

CUTS NEW VISAKHAPATNAM PLANT CAPEX TO INR1.6B

Coal India

EXPECTS PRODUCTION OF 840M TONS FOR 2023-24

Barbeque Nation

Board of Directors of the Company at its Meeting held on August 1, 2022, has recommended the re-appointment of Mr. Abhay Chintaman Chaudharias an Independent Director of the Company for a second term of 5 consecutive years.

Balkrishna Industries

Plant at Ambivali is still under shutdown for Annual Maintenance and Boiler Passing and it will remain shutdown for another 7 to 10 days.

Indiabulls RealEstate

Company’s wholly owned subsidiary, has divested its 100% stake in its subsidiary namely Chloris Real Estate Limited.

With this, Chloris Real Estate Limited ceased to be subsidiary of the Company.

Dixon Technologies (India) Limited

Co has informed the Exchange that Record date for the purpose of Dividend is 16-Aug-2022

GMM Pfaudler Ltd

GMM Pfaudler US Inc., USA (a subsidiary of GMM Pfaudler Limited) has approved the execution of a joint venture agreement with JDS Manufacturing, USA on August 1, 2022.

Dr. Reddy’s Laboratories Limited

Co has informed the Exchange about cessation of Dr. Bruce L A Carter as Independent Director of the company w.e.f. 30-Jul-2022

AUTO SALES DATA FOR THE MONTH OF JULY

Company July 2022 Est July 22 Actual Scorecard Jul-21 Jun-22 YoY MoM
PV Segment
M&M – Automotive 54775 56148 better 42983 54096 31% 4%
Tata Motors- PV 47000 47505 better 30185 45197 57% 5%
CV Segment
Eicher Mot- VECV 6275 5982 below 4271 6307 47% -1%
Tata Mot- CV 35800 34151 below 23848 37265 43% -8%
Ashok Leyland 14200 13625 below 8650 14531 58% -6%
2W Segment
Bajaj Auto 369500 354670 below 369116 347004 -4% 2%
Eicher Mot- RE 60500 55555 below 44038 61407 37% -1%
Hero Moto 450000 445580 inline 454398 484867 -1% -7%
TVS Motors 305250 314639 inline 278855 308501 13% 2%
Tractor
M&M- Tractor 23000 23309 inline to better 27229 41848 -14% -45%
Escorts 5382 5360 inline 6564 10051 -18% -47%

FROM AGENCIES

Colgate-Palmolive

plans to purchase three dry pet food manufacturing plants in the U.S. from Red Collar Pet Foods for $700 million to support the global growth of its Hill’s Pet Nutrition business

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