Important results today: Maruti Suzuki, BPCL, Bank of Baroda, Vodafone Idea, IndiGo

Havells India, Vodafone Idea, InterGlobe Aviation, Tata Chemicals, TVS Motor Company, AAVAS Financiers, Aegis Logistics will announce their quarterly earnings on October 29.

Oct 29, 2020 11:10 IST India Infoline News Service

Quarterly Results
Quarterly results that are expected today include Maruti Suzuki, BPCL, Bank of Baroda, Canara Bank, Havells India, Vodafone Idea, InterGlobe Aviation, Tata Chemicals, TVS Motor Company, AAVAS Financiers, Aegis Logistics.

Apollo Pipes, Arvind, Astec Lifesciences, Bajaj Healthcare, Blue Dart Express, Cholamandalam Investment and Finance Company, Coromandel Engineering, Gateway Distriparks, Great Eastern Shipping, Himadri Speciality Chemical, JK Paper, Laurus Labs, Mastek, Mahindra Holidays, MRPL, PTC India Financial Services, Security and Intelligence Services, Shriram Transport Finance, Strides Pharma Science, Surya Roshni, Vaibhav Global, Welspun Corp, Welspun India and Zensar Technologies will announce their quarterly earnings on October 29.

According to the media reports, Maruti Suzuki India is likely to show double-digit growth across earnings parameters in Q2FY21 driven by a 16% increase in volume yoy. Revenues to rise by 15% yoy in Q2FY21 led by increase in volumes, EBITDA to increase by 36% yoy led by positive operating leverage despite yoy decline in gross margin due to a rise in input costs in Q2FY21.

BPCL revenues are expected to go up by 49%, however, is expected to decline by 28% on a sequential basis, the media reports added.

Vodafone Idea is expected losses would narrow on a yoy basis, led by rise in average revenue per user (ARPU), and although, subscriber loss is expected to moderate, it would nonetheless keep the revenue growth in check. Fund raising plans and the ARPU trajectory ahead will be the key monitorables, the media reports added.

Stock view:
Maruti Suzuki India Ltd is currently trading at Rs7,107.95 down by Rs74.5 or 1.04% from its previous closing of Rs7,182.45 on the BSE.

Bharat Petroleum Corporation Ltd is currently trading at Rs341.65 down by Rs3.9 or 1.13% from its previous closing of Rs345.55 on the BSE.

Vodafone Idea Ltd is currently trading at Rs8.48 down by Rs0.2 or 2.3% from its previous closing of Rs8.68 on the BSE.

Interglobe Aviation Ltd is currently trading at Rs1,309.70 up by Rs16.65 or 1.29% from its previous closing of Rs1,293.05 on the BSE.

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