Investors Lose Rs 1.5 Lakh Crore As Sensex, Nifty Log Worst Day In Two Weeks 

Trent

• Stock rose as much as 7.4 percent to Rs 427.20.
• Revenue up 29.9 percent to Rs 767.2 crore.
• Net profit up 50.8 percent to Rs 57.9 crore.
• Ebitda up 2.3 times to Rs 163.9 crore.
• Margin at 21.4 percent versus 12 percent.
• Depreciation up eight times to Rs 59.7 crore.
• Finance cost up five times to Rs 53.6 crore.

Ajanta Pharma

• Stock rose as much as 9.4 percent to Rs 964.80.
• Trading volume was seven times its 20-day average.

Aegis Logistics

• Stock rose as much as 7.3 percent to Rs 200.
• Shares snap four-day losing streak.

Voltas

• Stock rose as much as 4.9 percent to Rs 611.60
• Fresh longs were seen with high OI of 24.8 percent.

Shares of Marico fell as much as 4.5 percent to Rs 350.40 after the company announced their quarterly results for the three months ended June.

Key Earnings Highlights (Q1, YoY)

• Revenue up 7 percent to Rs 2166 crore.
• Net profit up 21.2 percent to Rs 315 crore.
• Ebitda up 26 percent to Rs 461 crore.
• Margin at 21.3 percent versus 18.1 percent.

Sit on cash, until you get a sense that there is some real policy action to arrest the fall in sentiment, he said.

The Enforcement Directorate on Thursday raided premises linked to Singh brothers Malvinder and Shivinder, the former promoters of Ranbaxy Laboratories and Fortis Healthcare Ltd., in connection with a money-laundering case, said agency officials.

According to the ED officials, the raids were conducted after the filing of a case under the Prevention of Money Laundering Act, 2010.

Read the full story here.
Source: PTI

TVS Motor’s July sales declined 13 percent to 279,465 units, according to its exchange notification. The shares dropped as much as 3.8 percent to Rs 354 each after the sales update.

Key Highlights (YoY)

• Two-wheeler sales fell 13.8 percent to 2.66 lakh units. Motorcycle sales fell 11.6 percent to 105,199 units.
• Exports fell 3.6 percent to 69,994 units.
• Three-wheeler sales rose 3 percent to 13,323 units.

Shares of CEAT rose as much as 2.8 percent to Rs 840 after the company announced its quarterly results for the three months ended June.

Key Earnings Highlights (Q1, YoY)

• Net profit up 14.7 percent to Rs 82.6 crore.
• Revenue up 1.7 percent to Rs 1,752.1 crore.

Ashok Leyland’s sales fell 28 percent on a yearly basis to 10,927 units in July, according to its stock exchange filing.

Key Sales Highlights (YoY)

• Domestic medium and heavy commercial truck sales fell 47 percent to 4,668 units.
• Domestic medium and heavy commercial bus sales fell 5 percent to 1,350 units.
• Total domestic medium and heavy commercial vehicle sales fell 41 percent to 6,018 units.
• Domestic light commercial vehicle sales rose 1 percent to 4,083 units.
• Total domestic vehicle sales fell 29 percent to 10,101 units.

Sales Including Exports (YoY)

• Total medium and heavy commercial truck sales fell 48 percent to 4,858 units.
• Total medium and heavy commercial bus sales rose 14 percent to 1,864 units.
• Total medium and heavy commercial vehicle sales fell 39 percent to 6,722 units.
• Total light commercial vehicle sales flat at 4,205 units.

Shares of the truck and bus maker fell as much as 3.9 percent to Rs 67.15 after the announcement.

Eicher Motors’ unit—Volvo Electric Commercial Vehicle’s sales in July declined 32.1 percent year-on-year to 4,048 units.

Shares of Eicher Motors fell 0.29 percent to 16,309 after the announcement.

ICRA

• Stock fell as much as 3.6 percent to Rs 3,120.
• Trading volume was almost 20 times its 20-day average.

CARE Ratings

• Stock fell as much as 19.5 percent to Rs 608.
• Trading volume was almost 40 times its 20-day average.

Blue Dart

• Stock fell as much as 9.2 percent to Rs 2,180.
• Trading volume was almost 14 times its 20-day average.

Chalet Hotels

• Stock fell as much as 2.9 percent to Rs 311.
• Trading volume was almost 10 times its 20-day average.

The current market fall is largely due to the fear of continuous selloff by the foreign institutional investors, according to KRChoksey's Deven Choksey.

“The depth of the selloff is much higher than anticipated and the markets are currently heading towards ‘capitulation stage’,” Choksey told BloombergQuint in an interaction.

Shares of Godrej Consumer rose as much as 3.5 percent to Rs 620 after the company announced its quarterly results for the three months ended June.

Key Earnings Highlights (Q1, YoY)

• Net Profit at Rs 407.6 crore versus Rs 405.04 crore
• Revenue fell 5 percent to Rs 2,348.75 crore.
• Ebitda up 3 percent to Rs 455.6 crore.
• Margin at 19.4 percent versus 17.90 percent.

Mahindra & Mahindra Ltd.'s auto sales fell 15 percent on a yearly basis to 40,412 units in July, according to its stock exchange notification. Its tractor sales fell 12 percent year-on-year to 19,992 units. Shares of M&M fell 1.2 percent to 543 after the announcement.

Key Sales Highlights (YoY)

• Passenger vehicle sales fell 15 percent to 16,831 units
• Utility vehicles sales fell 10 percent to 16,003 units
• Sales of cars and vans including sales in subsidiary of Mahindra Electric Mobility Ltd. fell 56 percent to 828 units
• Commercial vehicle sales fell 17 percent to 15,969 units
• Medium and heavy commercial vehicle sales fell 52 percent to 417 units
• Total domestic sales fell 16 percent to 37,474 units
• Total exports rose 3 percent to 2,668 units

Tractor Sales Highlights (YoY)

• Domestic tractor sales fell 11 percent to 19,174 units.
• Tractor exports slumped 26 percent to 818 units.

Ashok Leyland (Q1, YoY)

• Stock rose as much as 4.7 percent to Rs 73.15.
• Revenue down 9.2 percent to Rs 5,683.9 crore
• Net profit down 45.4 percent to Rs 230.2 crore.
• Ebitda down 20 percent to Rs 537 crore.
• Margin at 9.4 percent versus 10.7 percent.

Trent (Q1, YoY)

• Stock rose as much as 6.9 percent to Rs 424.90.
• Revenue up 29.9 percent to Rs 767.2 crore.
• Net profit up 50.8 percent to Rs 57.9 crore.
• Ebitda up 2.3 times to Rs 163.9 crore.
• Margin at 21.4 percent versus 12 percent.
• Depreciation up eight times to Rs 59.7 crore.
• Finance cost up five times to Rs 53.6 crore

Ajanta Pharma (Q1, YoY)

• Stock rose as much as 4.9 percent to Rs 924.75.
• Revenue up 19.7 percent to Rs 611.9 crore.
• Net profit up 8.3 percent to Rs 114.6 crore.
• Ebitda up 6.9 percent to Rs 168.4 crore.
• Margin at 27.5 percent versus 30.8 percent.
• Raw material as percent of sales at 23.3 percent versus 16.5 percent.

Container Corporation of India (Q1, YoY)

• Stock fell as much as 2.3 percent to Rs 500.05.
• Revenue up 4.5 percent to Rs 1,638.9 crore.
• Net profit down 9.7 percent to Rs 227.8 crore.
• Ebitda up 3.3 percent to Rs 403.2 crore.
• Margin at 24.6 percent versus 24.9 percent.
• Depreciation up 23 percent to Rs 125.3 crore.
• Other operating expenses up 12 percent to Rs 208.2 crore.

CreditAccess Grameen (Q1, YoY)

• Stock fell as much as 6.4 percent to Rs 491.35.
• Net interest income up 27.1 percent to Rs 232.4 crore.
• Net profit up 32.7 percent to Rs 95.8 crore.
• Disbursements up 42.9 percent to Rs 2,310 crore.
• GNPA at 0.55 percent versus 0.66 percent (QoQ)

Jagran Prakashan (Q1, YoY)

• Stock fell as much as 6.7 percent to Rs 78.30.
• Revenue down 3 percent to Rs 584.3 crore.
• Net profit down 24.6 percent to Rs 64.4 crore.
• Ebitda down 13.8 percent to Rs 141.1 crore.
• Margin at 24.1 percent versus 27.1 percent.

Tata Global Beverages (Q1, YoY)

• Stock rose as much as 4.3 percent to Rs 262.50.
• Revenue up 5.2 percent to Rs 1897.1 crore.
• Net profit up 7.8 percent to Rs 125.3 crore.
• Ebitda up 6.2 percent to Rs 264.3 crore.
• Margin at 13.9 percent versus 13.8 percent

IndiaMART InterMESH (Q1, YoY)

• Stock rose as much as 6 percent to Rs 1,275.85.
• Revenue up 30 percent to Rs 147.3 crore.
• Net profit at Rs 31.4 crore versus net loss of Rs 56.7 crore.
• Ebitda gain of Rs 36.7 crore versus Ebidta loss of Rs 53.2 crore.
• Other Income of Rs 14.3 crore.
• Subscription suppliers up 17 percent at 13.25 lakh.
• Business Enquiries up 15 percent at 113 million.

Indiabulls Ventures (Q1, YoY)

• Stock fell as much as 6.2 percent to Rs 255.10.
• Revenue up twice to Rs 710.3 crore.
• Net profit up 25.2 percent to Rs 109.8 crore.

MAS Financial Services (Q1, YoY)

• Stock rose as much as 5.6 percent to Rs 619.90.
• Net interest income up 20.9 percent to Rs 74.6 crore.
• Net profit up 33.2 percent to Rs 41.3 crore.
• Disbursements up 20.6 percent to Rs 1,200.7 crore.
• Asset under management up 29.2 percent to Rs 5578.2 crore.

Munjal Showa (Q1, YoY)

• Stock fell as much as 2.2 percent to Rs 121.50.
• Revenue down 12.3 percent at Rs 388 crore.
• Net profit down 9.8 percent at Rs 15.7 crore.
• Ebitda down 2.8 percent at Rs 24.2 crore.
• Margins at 6.2 percent versus 5.6 percent.

Hester Biosciences (Q1, YoY)

• Stock fell as much as 3.6 percent to Rs 1,490.
• Revenue up 12.6 percent to Rs 44.8 crore.
• Net profit down 2.3 percent to Rs 8.4 crore.
• Ebitda up 18.9 percent to Rs 17.6 crore.
• Margin at 39.3 percent versus 37.2 percent

CARE Ratings (Q1, YoY)

• Stock fell as much as 19.5 percent to Rs 608.
• Revenue down 16.8 percent to Rs 499.2 crore.
• Net profit down 46.4 percent to Rs 134.9 crore.
• Ebitda down 64 percent to Rs 105.3 crore.
• Margin at 21.1 percent versus 48.6 percent.

Nifty’s 11,100 call option contract was among the most active Nifty option contracts on National Stock Exchange.

Premium on the weekly contract which is set to expire today fell 88.13 percent to Rs 4.30. Over 37.14 lakh shares were added to the open interest which stood at over 50.99 lakh shares.

The Nikkei India Manufacturing Purchasing Managers’ Index rose to 52.5 last month from 52.1 in June, according to a statement. In PMI parlance, a print above 50 means expansion, while a score below that denotes contraction.

Shares of Maruti Suzuki fluctuated between gains and losses to trade 0.3 percent higher at Rs 5,482 after the company announced its July auto sales data.

The country’s largest carmaker sold 1.09 lakh units last month, a fall of 33.5 percent from the year ago period, according to its stock exchange filing.

Key Sales Highlights (YoY)

• Sales of mini segment fell 69.3 percent to 11,577 units.
• Sales of compact segment fell 22.7 percent to 57,512 units.
• Sales of Ciaz stood at 2,397 units.
• Sales of utility vehicles fell 38.1 percent to 15,178 units.
• Sales of Vans fell 37.9 percent to 9,814 units.
• Sales of Super Carry rose 0.5 percent to 1,732 units.
• Total domestic passenger vehicle sales fell 36.7 percent to 96,478lakh units.
• Total domestic sales fell 36.3 percent to 98,210 lakh units.
• Total exports declined 9.4 percent to 9,258 units.

The sales of new WagonR are reported under compact segment and the sales number of old discontinued WagonR are however, reported in the mini sub-segment effective February 2019, the company said.

Catch all July auto sales update here.

You get punished if you take risk in Indian stock market.

That the word coming from Marcellus Investment Managers’ Founder Saurabh Mukherjea. “India not the country where you can go out and speculate. If you do that, you usually end up in a stretcher,” he told BloombergQuint in an interaction.

Watch the full conversation here.

Shares of Lemon Tree Hotels pared opening losses and rose as much as 1.3 percent to Rs 60.60.

About 16 lakh shares of the company changed hands in a block deal, Bloomberg data showed. Buyers and sellers were not known immediately.

Shares of Reliance Capital extended gains for the second consecutive trading session. The stock advanced 10 percent in two days.

The company said that it has fully repaid its commercial papers on due date and the outstanding amount stands at zero from the peak of Rs 3,500 crore.

The stock declined 87 percent in the past 12 months compared to a 0.6 percent decline in the Sensex during the period.

Strategic Partner Is Off The Table For Now, Says Punit Goenka

Escorts Ltd. sold 4,860 tractors last month, a fall of 13.4 percent from the year-ago period, according to its exchange filing. Shares of the company fell as much as 4 percent to Rs 451.10 after the announcement.

Key Sales Highlights (YoY)

• Domestic sales declined 17.8 percent to 4,505 units.
• Export sales jumped 179.5 percent to 355 units.

Spandana Sphoorty IPO Launch On August 5, Price Band Set At Rs 853-856

• Sical Logistics, Rane Engine Valve, Coffee Day Enterprises price band revised to 10 percent.
• Vimta Labs to move into short term ASM Framework.

Ashok Leyland (Q1, YoY)

• Revenue down 9.2 percent to Rs 5,683.9 crore
• Net profit down 45.4 percent to Rs 230.2 crore.
• Ebitda down 20 percent to Rs 537 crore.
• Margin at 9.4 percent versus 10.7 percent.

Trent (Q1, YoY)

• Revenue up 29.9 percent to Rs 767.2 crore.
• Net profit up 50.8 percent to Rs 57.9 crore.
• Ebitda up 2.3 times to Rs 163.9 crore.
• Margin at 21.4 percent versus 12 percent.
• Depreciation up eight times to Rs 59.7 crore.
• Finance cost up five times to Rs 53.6 crore

Ajanta Pharma (Q1, YoY)

• Revenue up 19.7 percent to Rs 611.9 crore.
• Net profit up 8.3 percent to Rs 114.6 crore.
• Ebitda up 6.9 percent to Rs 168.4 crore.
• Margin at 27.5 percent versus 30.8 percent.
• Raw material as percent of sales at 23.3 percent versus 16.5 percent.

Container Corporation of India (Q1, YoY)

• Revenue up 4.5 percent to Rs 1,638.9 crore.
• Net profit down 9.7 percent to Rs 227.8 crore.
• Ebitda up 3.3 percent to Rs 403.2 crore.
• Margin at 24.6 percent versus 24.9 percent.
• Depreciation up 23 percent to Rs 125.3 crore.
• Other operating expenses up 12 percent to Rs 208.2 crore.

CreditAccess Grameen (Q1, YoY)

• Net interest income up 27.1 percent to Rs 232.4 crore.
• Net profit up 32.7 percent to Rs 95.8 crore.
• Disbursements up 42.9 percent to Rs 2,310 crore.
• GNPA at 0.55 percent versus 0.66 percent (QoQ)

Jagran Prakashan (Q1, YoY)

• Revenue down 3 percent to Rs 584.3 crore.
• Net profit down 24.6 percent to Rs 64.4 crore.
• Ebitda down 13.8 percent to Rs 141.1 crore.
• Margin at 24.1 percent versus 27.1 percent.

Tata Global Beverages (Q1, YoY)

• Revenue up 5.2 percent to Rs 1897.1 crore.
• Net profit up 7.8 percent to Rs 125.3 crore.
• Ebitda up 6.2 percent to Rs 264.3 crore.
• Margin at 13.9 percent versus 13.8 percent

IndiaMART InterMESH (Q1, YoY)

• Revenue up 30 percent to Rs 147.3 crore.
• Net profit at Rs 31.4 crore versus net loss of Rs 56.7 crore.
• Ebitda gain of Rs 36.7 crore versus Ebidta loss of Rs 53.2 crore.
• Other Income of Rs 14.3 crore.
• Subscription suppliers up 17 percent at 13.25 lakh.
• Business Enquiries up 15 percent at 113 million.

Indiabulls Ventures (Q1, YoY)

• Revenue up twice to Rs 710.3 crore.
• Net profit up 25.2 percent to Rs 109.8 crore.

Mas Financial Services (Q1, YoY)

• Net interest income up 20.9 percent to Rs 74.6 crore.
• Net profit up 33.2 percent to Rs 41.3 crore.
• Disbursements up 20.6 percent to Rs 1,200.7 crore.
• Asset under management up 29.2 percent to Rs 5578.2 crore.

Munjal Showa (Q1, YoY)

• Revenues down 12.3 percent at Rs 388 crore.
• Net profit down 9.8 percent at Rs 15.7 crore.
• Ebitda down 2.8 percent at Rs 24.2 crore.
• Margins at 6.2 percent versus 5.6 percent.

Hester Biosciences (Q1, YoY)

• Revenue up 12.6 percent to Rs 44.8 crore.
• Net profit down 2.3 percent to Rs 8.4 crore.
• Ebitda up 18.9 percent to Rs 17.6 crore.
• Margin at 39.3 percent versus 37.2 percent

CARE Ratings (Q1, YoY)

• Revenues down 16.8 percent to Rs 499.2 crore.
• Net profit down 46.4 percent to Rs 134.9 crore.
• Ebitda down 64 percent to Rs 105.3 crore.
• Margins at 21.1 percent versus 48.6 percent.

• Zee Entertainment: Invesco Oppenheimer Developing Markets Fund to acquire up to 11 percent stake in the company for Rs 4,224 crore from the promoters. That company said that it has initiated the process of divesting key assets, with aim to repay all lenders by September.
• IDBI Bank clarified that the bank has no exposure in Coffee Day Enterprises. The Group’s trustee arm is not a lender to an entity but acts as security trustee.
• HDFC reduced retail prime lending rate on housing loans by 10 basis points with effect from Aug. 1.
• Punjab National Bank: Reduced MCLR by 10 basis points across various tenors with effect from Aug. 1. One-month MCLR at 7.95 percent and one-year MCLR at 8.3 percent.
• Bosch to suspend all manufacturing operation at company’s Bidadi plant from Aug. 1-3.
• Reliance Capital said that it has fully repaid its commercial papers on due date and the outstanding amount stands at zero from the peak of Rs 3,500 crore.
• Wipro stated that it has received final comments from the SEBI. Buyback period from Aug. 14-28.
• Bharat Electronics: Government sold 7.04 crore shares via off market transactions for CPSE issue, decreasing stake in the company from 58.89 percent to 55.93 percent.
• Unichem Laboratories received four observations from the U.S. FDA’s inspection at Goa formulation facility.
• GMR Infra: Board approved raising Rs 2,500 crore via equity and Rs 57.4 crore via debentures.
• Indiabulls Venture: Board executed sale of company’s Broking business to group’s arm Indiabulls Securities.
• Mercator: ONGC has invoked bank guarantees and proceeds of Rs 142.19 crore has been remitted by Axis Bank. The appeal was dismissed NCLT and Mercator has already invoked the arbitration against ONGC. Trial may be completed by September 2020.