🇮🇳 India Daybook –
🔹 Stocks in News*
MUTHOOT FIN Q2: Net profit up at Rs 908.5 crore versus Rs 515.0 crore, revenue up at Rs 2331.0 crore versus Rs 1789.0 crore, YoY (Positive)
LUX IND Q2: Net profit up at Rs 40.6 crore versus Rs 21.0 crore, revenue up at Rs 348.0 crore versus Rs 274.0 crore, YoY (Positive)
COSMO FILMS Q2: Net profit at Rs 28.7 crore versus Rs 10.0 crore, revenue up at Rs 556.0 crore versus Rs 531.0 crore, YoY (Positive)
BLUE STAR Q2: Net profit up at Rs 37.0 crore versus Rs 23.0 crore, revenue up at Rs 1249.0 crore versus Rs 1032.0 crore, YoY (Positive)
TD POWER Q2: Net profit up at Rs 5.7 crore versus loss of Rs 55 lakh, revenue up at Rs 139.0 crore versus Rs 97.0 crore, YoY (Positive)
RITES Q2: Net profit up at Rs 237.0 crore versus Rs 111.0 crore, revenue up at Rs 746.0 crore versus Rs 442.0 crore, YoY (Positive)
GMDC Q2: Net profit up at Rs 38.9 crore versus loss of Rs 140.0 crore, revenue up at Rs 264.0 crore versus Rs 293.0 crore, YoY (Positive)
GUJARAT SIDHEE Q2: Net profit up at Rs 8.2 crore versus loss of Rs 1.7 crore, revenue up at Rs 115.0 crore versus Rs 113.0 crore, YoY (Positive)
NIACL Q2: Net profit up at Rs 536.0 crore versus Rs 347.0 crore, revenue up at Rs 8309.0 crore versus Rs 6560.0 crore, YoY (Positive)
IFCI Q2: Net profit up at Rs 32.0 crore versus loss of Rs 5.0 crore, revenue up at Rs 223.0 crore versus Rs 193.0 crore, YoY (Positive)
Wipro Announces 5G Collaboration with Telecom Infra Project. (Positive)
Mishra Dhatu has secured one order worth about Rs. 106 Cr. (Positive)
Vedanta’s Aluminium & Power business wins Jamkhani coal block (Positive)
ARSS Infrastructure win work order of Rs 75.42 crore. (Positive)
Cardinal Health partners with TCS to transform its IT operating model. (Positive)
Greaves Cotton has acquired Ampere Vehicles Private Limited. (Positive)
Govt may impose anti-dumping duty on imports of Jute (Positive)
ATUL AUTO Q2: Net profit up at Rs 18.0 crore versus Rs 15.2 crore, revenue at Rs 173.0 crore versus Rs 178.0 crore, YoY (Neutral)
SHEELA FOAM Q2: Net profit up at Rs 52.0 crore versus Rs 22.0 crore, revenue at Rs 410.0 crore versus Rs 449.0 crore, YoY (Neutral)
TNPETRO Q2: Net profit up at Rs 21.9 crore versus Rs 20.0 crore, revenue at Rs 343.0 crore versus Rs 336.0 crore, YoY. (Neutral)
MGL Q2: Net profit up at Rs 269.0 crore versus Rs 137.0 crore, revenue up at Rs 861.0 crore versus Rs 762.0 crore, YoY. (Neutral)
CADILA Q2: Net profit at Rs 107.0 crore versus Rs 417.0 crore, Revenues seen at Rs 3244.0 crore versus Rs 2844 crore. (Neutral)
FINCAB Q2: Net profit at Rs 121.0 crore versus Rs 92.0 crore, Revenues seen at Rs 780.0 crore versus Rs 772 crore. (Neutral)
BATA Q2: Net profit at Rs 71.3 crore versus poll of Rs 85.0 crore, EBITDA seen at Rs 185.0 crore versus poll of Rs 148.0 crore, Revenues seen at Rs 721.0 crore versus poll of Rs 740 crore. (Neutral)
BHEL Q2: Net profit at Rs 118.6 crore versus poll of Rs 135.0 crore, EBITDA seen at Rs 267.0 crore versus poll of Rs 212.0 crore, Revenues seen at Rs 6226.0 crore versus poll of Rs 6612 crore (Neutral)
Pidilite Industries Q2: Net sales at Rs 1,797 crore grew by 3 percent YoY. PAT at Rs 325 crore grew by 41 percent YoY. (Neutral)
RCF Q2: Net loss seen at Rs 21.6 crore versus profit at Rs 34.6 crore, revenue at Rs 2456.0 crore versus Rs 2321.0 crore, YoY. (Negative)
INDIAN HUME Q2: Net profit at Rs 14.0 crore versus Rs 29.9 crore, revenue down at Rs 371.0 crores versus Rs 420.0 crore YoY (Negative)
THERMAX Q2: Consolidated net profit at Rs 25.7 crore versus Rs 74.0 crore, revenue seen at Rs 1605.0 crores versus Rs 1427.0 crore YoY (Negative)
HSCL Q2: Consolidated net profit at Rs 45.0 crore versus Rs 73.0 crore, revenue seen at Rs 487.0 crores versus Rs 620.0 crore YoY (Negative)
Coffee Day says there will be a delay in submission of Q1FY20, Q2FY20 & H1FY20 results. (Negative)
USFDA issues warning letter for Cadila Healthcare’s Moraiya facility (Negative)
US FDA completes inspection of unit IV of Aurobindo Pharma’s Hyderabad facility, issues Form 483 with 14 observations (Negative)
DoT writes to all telcos to pay AGR dues within 3 months (Negative)
Credit Suisse On Prestige: Maintains Buy with target price at Rs 343/Sh (Positive)
CS maintains Outperform rating on BHEL, believes co is placed favourably in orders worth Rs 21,000 cr of which Rs 16,000 cr comes from power, target price at Rs 88/Sh (Positive)
CLSA has a Buy rating on BHEL as it believes govt is looking to unlock value by cutting stakes with target price at Rs 67/Sh (Positive)
Macquarie has Outperform call on BHEL, but cuts FY20-22 EPS estimates by 6-7% on lower US, Europe & JV sales, target at Rs 58/Sh (Neutral)
MS is Overweight on JSPL ahead of hearing in Odisha Mining case, target at Rs 139/Sh (Neutral)
CLSA maintains Buy rating on Cadila Health. It believes even a small positive surprise could drive re-rating, target at Rs 285/Sh (Neutral)
CS has Neutral call on Cadila Health, says Moraiya facility clearance unlikely before H2FY21, target at Rs 251/Sh (Neutral)