The Indian market is likely to open on a cautious note on Friday following a mixed trend in Asian peers. At 8:00 am, the SGX Nifty was trading 3.95 points or 0.03 percent lower at 11,319.50, indicating a mildly negative start for the Sensex and Nifty50.
Here are the top 10 buzzing stocks for today:
1. Tata Steel: The company posted a net loss of Rs 4,373.6 crore in Q1FY21 as against a profit of Rs 699.7 crore in the year-ago period. Revenue declined 32.4 percent to Rs 24,288.5 crore from Rs 35,947.1 crore, YoY. EBITDA fell 90.6 percent to Rs 505.5 crore while EBITDA margin was at 2.1 percent versus 15 percent, YoY.
2. BPCL: The company reported a net profit of Rs 2,076 crore in Q1FY21 as against a loss of Rs 1,361 in the previous quarter. Revenue fell 43.8 percent to Rs 38,785.1 crore from Rs 68,991.4 crore, QoQ. EBITDA was at Rs 3,915.7 crore versus an EBITDA loss of Rs 618.8 crore, QoQ. Gross refining margin (GRM) fell to $0.39/bbl from $2.81/bbl, YoY.
3. Hero MotoCorp: The company’s net profit in Q1FY21 fell 95.1 percent to Rs 61.3 crore from Rs 1,257.3 crore while revenue declined 63 percent to Rs 2,971.5 crore from Rs 8,030.3 crore, YoY. EBITDA fell 90.7 percent to Rs 108 crore while EBITDA margin decreased to 3.6 percent from 14.4 percent, YoY.
4. InterGlobe Aviation: IndiGo July passenger load factor stood at 60.2 percent versus 60.7 percent in June. Market share in July was at 60.4 percent versus 52.8 percent in June.
5. SpiceJet: July passenger load factor was at 70 percent versus 68 percent in June. July market share stood at 15.7 percent versus 16.8 percent in June.
6. Eicher Motors: The company reported a loss of Rs 55.2 crore in Q1FY21 versus a profit of Rs 451.8 crore in Q1FY20. Revenue fell 65.6 percent to Rs 818.2 crore from Rs 2,381.9 crore, YoY. EBITDA plunged 99.4 percent to Rs 3.8 crore while EBITDA margin decreased to 0.5 percent from 25.8 percent, YoY.
7. City Union Bank: The bank’s net profit in Q1FY21 fell 16.9 percent to Rs 154.3 crore from Rs 185.6 crore while net interest income (NII) rose 4.8 percent to Rs 437 crore from Rs 416.8 crore, YoY. Asset quality during the quarter improved sequentially.
8. Bank of India: The bank’s board has approved raising up to Rs 8,000 crore by preferential issue, QIP, further public offer, etc.
9. Jindal Steel & Power Ltd: The company has started supply of 1080 grade Head Hardened rails to Rail Vikas Nigam Ltd (RVNL) for the completion of Kolkata Metro's Joka-Esplanade corridor. JSPL was selected by RVNL after a bidding process to supply 3000 MT of Head Hardened rails. So far, JSPL has supplied 1300 MT of 1080 grade Head Hardened rails to RVNL, the remaining delivery of 1700 MT will be made within a week.
10. Ahluwalia Contracts (India):
The company has secured new order worth Rs 290 crore for construction of a new building from NBCC (India) Ltd.