🔹 *Stocks to watch for*
Entertainment Network (India) (Q1, YoY): Revenue up 16.4 percent to Rs 121.6 crore. Net profit up 102.2 percent to Rs 9.3 crore. (Positive)
KEC International (Q1, YoY): Revenue up 13.4 percent to Rs 2,104.7 crore. Net profit up 37.8 percent to Rs 86.8 crore. (Positive)
Wockhardt (Q1, YoY): Revenue up 13.1 percent to Rs 1,007.7 crore. Ebitda at Rs 28.8 crore versus Ebitda loss of Rs 79.3 crore. (Positive)
Jaiprakash Power Ventures (Q1, YoY): Revenue up 8.75 percent to Rs 1083.07 crore. Ebitda up 24.4 percent to Rs 436.8 crore.. (Positive)
Waterbase (Q1, YoY): Revenue up 22.5 percent to Rs 154.3 crore. Net profit up 23 percent to Rs 17.7 crore. (Positive)
Relaxo Footwear (Q1, YoY): Revenue up 17.3 percent to Rs 566.5 crore. Net profit up 23 percent to Rs 46 crore. (Positive)
Sandhar Tech (Q1, YoY): Revenue up 25 percent to Rs 493 crore. Net profit up 48 percent to Rs 22 crore. (Positive)
Quess Corp entered signed MoU with Andhra Pradesh Economic Development Board ('APEDB') to setup a Skill University in the State. (Positive)
Adani To Form Wholly-Owned Subsidiary Adani Agri Logistics (Positive)
Adani Group has won a license to sell gas in 11 cities for households and vehicle use (Positive)
Torrent Gas, Bharat Gas Resources Ltd and GAIL Gas Ltd. also won a license to sell gas (Positive)
Goa Assembly passed resolution for central government intervention to begin mining in Goa. (Positive)
Avendus set to buy IDFC mutual funds and securities units in deal valued between Rs 5,000-6,000 crore (Positive)
ICRA proposing a buyback of shares on Aug. 9. (Positive)
Premier Explosives bagged orders worth Rs 68.9 crore from Coal India. (Positive)
Puravankara’s Goa arm received bookings for more than 800 units for residential project. (Positive)
Allahabad Bank mulls raising equity capital by was preference issue to GoI on Aug. 14. (Positive)
Alembic Pharma: Bimatoprost ANDA gets tentative approval from US FDA (Positive)
Steel Authority of India (Q1, YoY): Revenue up 37.4 percent to Rs 15,907 crore. Net profit of Rs 540.4 crore versus net loss of Rs 801.4 crore. (Neutral)
TCS’ board approved buyback. Record date fixed at Aug. 18. (Neutral)
Dr. Reddy’s: Files IPR challenges to Celgene patents on Revlimid (Neutral)
Wipro: To Pay $75 Mn To Settle National Grid Lawsuit In U.S. Q2 Result To Take A $75 Mn Hit On U.S. Lawsuit Settlement (Negative)
Shipping Corporation of India (Q1, YoY): Revenue up 3.4 percent to Rs 894.3 crore. Net loss of Rs 206 crore versus net loss of Rs 6.7 crore. (Negative)
Sical Logistics (Q1, YoY): Revenue up 32.1 percent to Rs 323.5 crore. Net profit down 64 percent to Rs 4 crore. (Negative)
Suzlon Energy (Q1, YoY): Revenue down 50.5 percent to Rs 1,277.5 crore. Ebitda down 83.8 percent to Rs 77 crore. (Negative)
PI Industries (Q1, YoY): Revenue up 9.5 percent to Rs 606 crore. Net profit down 18.4 percent to Rs 82 crore. (Negative)
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