ECONOMY

Stocks To Watch: Adani Ports, Hero MotoCorp, Quess Corp, IRCTC, Avenue Supermarts

Trading Tweaks

Ex-Date Final Dividend: UCO Bank, Artemis Medicare Services, Rajratan Global Wire, Polycab India, Camlin Fine Sciences, Alkyl Amines Chemicals, Punjab & Sind Bank, Rane (Madras), Dwarikesh Sugar Industries, Bosch, Persistent Systems, Syngene International, Seshasayee Paper and Boards, Thirumalai Chemicals

Price Band Revised From 10% To 5%: 3P Land Holdings, Kingfa Science & Technology (India), Vishal Fabrics

Move Into Short-Term ASM Framework: Sanginita Chemicals, Agro Phos India, IIFL Securities

Move Into Long-Term ASM Framework: Premier Polyfilm, Oswal Agro Mills, Creative Peripherals and Distribution, Nahar Capital and Financial Services

Stocks That May React To Earnings

Avenue Supermarts (DMart)

  • Revenue down 31% at Rs 5031.7 crore vs Rs 7303.1 crore (Bloomberg estimate: Rs 5032.7 crore)

  • Net profit down 74% at Rs 115.13 crore vs Rs 434.95 crore (Bloomberg estimate: Rs 159.7 crore)

  • Ebitda down 64% at Rs 221.21 crore vs Rs 616.61 crore (Bloomberg estimate: Rs 277 crore)

  • Margin at 4.4% vs 8.4% (Bloomberg estimate: 5.5%)

  • Commenting on the performance of the company, Neville Noronha, CEO & Managing Director said Q1FY22 saw a much stronger second wave of Covid-19 restrictions. “We lost significantly more days or had higher restriction on number of hours of store operations compared to the same period last year.”

Bhansali Engineering Polymers

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