Stock Market

Stocks to watch: L&T, Suprajit, JP Associates, Jain Irrigation

Here are stocks that will be in news on Monday:

Jaiprakash Associates Q1
-Net loss at Rs 603 crore versus loss of Rs 482.4 crore (YoY)
-Total income down 27.1 percent at Rs 1,735 crore versus Rs 2,380.6 crore (YoY)
-EBITDA down 29.5 percent at Rs 213.6 crore versus Rs 303 crore (YoY)
-EBITDA margin at 12.3 percent versus 12.7 percent (YoY)
-Finance cost down 6.6 percent at Rs 869.7 crore versus Rs 931.6 crore (YoY)

Gujarat Gas Q1
-Net profit up 10 percent at Rs 75.9 crore versus Rs 69 crore (QoQ)
-Total income down 11.1 percent at Rs 1,224.8 crore versus Rs 1,378.2 crore (QoQ)
-EBITDA up 0.3 percent at Rs 221 crore versus Rs 220.3 crore (QoQ)
-EBITDA margin at 18 percent versus 16 percent (QoQ)

Gujarat State Petronet (GSPL) Q1
-Net profit up 7.5 percent at Rs 121.3 crore versus Rs 112.8 crore (YoY)
-Total Income down 0.4 percent at Rs 258.1 crore versus Rs 259.1 crore (YoY)
-EBITDA up 2.8 percent at Rs 233.3 crore versus Rs 227 crore (YoY)
-EBITDA margin at 90.4 percent versus 87.6 percent (YoY)

Zee Media Q1
-Consolidated net profit at Rs 0.1 crore versus loss of Rs 6.4 crore (YoY)
-Consolidated total income down 5.2 percent at Rs 128.2 crore versus Rs 135.3 crore (YoY)
-Consolidated EBITDA up 14.9 percent at Rs 17.7 crore versus Rs 15.4 crore (YoY)
-Consolidated EBITDA margin at 13.8 percent versus 11.4 percent (YoY)

Lanco Infratech Q1
-Consolidated net loss at Rs 448.9 crore versus loss of Rs 316.3 crore (YoY)
-Consolidated total income up 10.1 percent at Rs 1,728 crore versus Rs 1,569.5 crore (YoY)
-Consolidated EBITDA up 52.7 percent at Rs 484.6 crore versus Rs 317.3 crore (YoY)
-Consolidated EBITDA margin at 28 percent versus 20.2 percent (YoY)
-Finance cost up 13.4 percent at Rs 715.5 crore versus Rs 631.1 crore (YoY)
-Forex loss at Rs 113.9 crore versus forex gain of Rs 36.2 crore (YoY)

JMT Auto Q1
-Net profit down 35.3 percent at Rs 1.1 crore versus Rs 1.7 crore (YoY)
-Total income down 4.1 percent at Rs 81.3 crore versus Rs 84.8 crore (YoY)
-EBITDA up 8.1 percent at Rs 13.4 crore versus Rs 12.4 crore (YoY)
-EBITDA margin at 16.5 percent versus 14.6 percent (YoY)
-JMT Auto sets September 22 as record date for stock split

Titagarh Wagons Q1
-Net profit at Rs 3.7 crore versus Rs 1.7 crore (YoY)
-Total income up 20.4 percent at Rs 69.7 crore versus Rs 57.9 crore (YoY)
-EBITDA at Rs 4.5 crore versus EBITDA loss of Rs 0.2 crore (YoY)
-Other income down 36.8 percent at Rs 4.8 crore versus Rs 7.6 crore (YoY)

Responsive Industries Q1
-Consolidated net profit up 39.2 percent at Rs 7.1 crore versus Rs 5.1 crore (YoY)
-Consolidated total income down 15.8 percent at Rs 521 crore versus Rs 619 crore (YoY)
-Consolidated EBITDA down 15.7 percent at Rs 46.2 crore versus Rs 54.8 crore (YoY)
-Consolidated EBITDA margin unchanged at 8.9 percent (YoY)
-Other income at Rs 11.1 crore versus Rs 5.2 crore (YoY)

Man Industries Q1
-Net profit down 46.9 percent at Rs 9.3 crore versus Rs 17.5 crore (YoY)
-Total income down 24.5 percent at Rs 306 crore versus Rs 405.5 crore (YoY)
-EBITDA down 59.3 percent at Rs 13.1 crore versus Rs 32.2 crore (YoY)
-EBITDA margin at 4.3 percent versus 7.9 percent (YoY)

National Fertilizers Q1
-Net loss at Rs 0.6 crore versus loss of Rs 10.2 crore (YoY)
-Total income down 11.4 percent at Rs 1375.7 crore versus Rs 1552.8 crore (YoY)
-EBITDA up 34 percent at Rs 85.2 crore versus Rs 63.6 crore (YoY)
-EBITDA margin at 6.2 percent versus 4.1 percent (YoY)

L&T Technology Services IPO
-Opens on September 12, closes on September 15
-Price band at Rs 850-860/share
-Issue size Rs 894.4 crore
-Company raises Rs 268 crore from anchor investors at Rs 860/share

Maruti Suzuki clarifies on stock split
-Number of shareholders at AGM raised request for stock split
-Chairman RC Bhargava acknowledged shareholders’ request
-Chairman Bhargava said shareholders’ request will be conveyed to the board
-No opinion, indication or assurance was given on subject of request

Vedanta Resources chairman Anil Agarwal says
– Vedanta India shareholders approve Cairn India -Vedanta merger
-Got 100 percent approval from Vedanta shareholders for merger
-Merger moving in the right direction
-Have made a presentation to Cairn Energy about benefits of merger
-Can’t speak for Cairn India shareholders just yet
-Have done everything minority shareholders wanted
-No scope for further reworking of merger contours

SBI chairperson Arundhati Bhattacharya says
-Merger of associates is going as per plan
-Don’t see a reason why any of our employees would oppose the merger
-Will not be closing down any branches post merger, will merely relocate
-Will divest Rs 3,000 crore worth non-core assets this fiscal

Jain Irrigation
-Unit NaanDanJain signs 18.7 million euro pact with Eritrea Ministry Of Agriculture
-Unit NaanDanJain to supply solar powered drip irrigation systems
-Eritrea project to be executed in the next 18 months

Tata Motors Group’s August global sales
-Wholesales up 16 percent at 86,288 units (YoY)
-Passenger vehicle wholesales up 25 percent at 56,104 units (YoY)
-Commercial vehicle wholesales flat at 30,184 units (YoY)
-JLR wholesales at 42,260 units
-Jaguar wholesales at 13,038 units
-Land Rover wholesales at 29,222 units

Tata Power
-Partners with ICICI Venture to facilitate investment in power sector
-To raise initial capital of USD 850 million to invest in power projects
-Invests 10 percent in the equity capital of Singapore-based Resurgent Power Ventures

Caplin Point
-US FDA to inspect sterile injectible site near Gummidopoondi, Tamil Nadu
-US FDA to make an inspection of Tamil Nadu unit in third week of October

-Board approves amalgamation of Titagarh Agrico with company
-To issue 1 company share for every 5 Titagarh Agrico shares

Dilip Buildcon
-Incorporates DBL Lucknow Sultanpur Highways Limited for road project in Uttar Pradesh
-Project cost Rs 2,016 crore and first year operation & maintenance cost Rs 5 crore

Other stocks and sectors that will be in news on Monday:
L&T says have completed divestment of stake in L&T General Insurance to HDFC ERGO
Suprajit Engineering announces acquisition of Wescon Controls, USA
Tata Motors launches mini-truck SuperAce in Vietnam
Nelco incorporates wholly owned subsidiary Nelco Network Products in Maharashtra
Aditya Birla Fashion shareholders approve issuing non-convertible debentures (NCDs) of up to Rs 1,250 crore
Zuari Agro board decides to defer rights issue due to maket volatility
Mangalam Timber ‘s commercial production of captive thermal power plant at Nabarangpur has commenced
Viji Finance approves splitting each share into 10
Eurotex Industries lifts lockout at Kolhapur Mill