All You Need To Know Going Into Trade On August 6
Asian stocks were steady early Friday after earnings helped Wall Street to a record close as some of the growth concerns stirred by the delta coronavirus strain eased.
Shares fluctuated in Australia and in Japan -- where Nintendo Co. slid after a profit miss -- while South Korea edged up. U.S. contracts were little changed after the S&P 500 and Nasdaq 100 reached new peaks. A second weekly drop in U.S. jobless claims stoked optimism for a strong payrolls report Friday, which could spark market swings.
The Singapore-traded SGX Nifty, an early indicator of India's Nifty 50 Index’s performance, rose 0.14% to 16,334 as of 7:30 a.m.
Treasuries held a retreat and the dollar was steady. The pound maintained an advance after the Bank of England signaled concerns about inflation. The selloff in crude oil eased but it remains on course for a weekly drop of more than 6% in part on demand risks from Covid-19.
In cryptocurrencies, Bitcoin was back above $40,000 and Ether maintained a rally on a software upgrade that will trim the pace at which tokens are minted.
India’s rate-setting panel headed by RBI Governor Shaktikanta Dasmay leave the benchmark repurchase rate unchanged at 4%, according to a Bloomberg survey
Indian Rates Anchored at Lows Despite Inflation: Decision Guide
Earnings Post Market Hours
Cipla Q1FY22 (Consolidated, QoQ)
Revenue up 19% at Rs 5,504.35 crore Vs Rs 4,606.45 crore (Bloomberg estimate: Rs 5,134 crore)
Net profit up 73% at Rs 714.72 crore Vs Rs 413.38 crore (Bloomberg estimate: Rs 641.3 crore)
Ebitda up 69% at Rs 1,345.89 crore Vs Rs 796.24 crore (Bloomberg estimate: Rs 1,129.2 crore)
Margin at 24.5% Vs 17.3% (Bloomberg estimate: 22%)
Adani Power Q1FY22 (Consolidated, QoQ)
Revenue up 3% at Rs 6,568.86 crore Vs Rs 6,373.60 crore
Net profit up 20.19 times at Rs 278.22 crore Vs Rs 13.13 crore
Ebitda up 2% at Rs 1,648.01 crore Vs Rs 1,614.34 crore
Margin at 25.1% Vs 25.3%
Strong recovery in India’s electricity demand in Q1 at 341 billion units, a growth of 16% year-on-year
Average Plant Load Factor during the quarter was 65%, as compared to 51% in Q1FY21
Tata Chemicals Q1FY22 (Consolidated, QoQ)
Revenue up 13% at Rs 2,977.24 crore Vs Rs 2,636.21 crore
Net profit up 23.47 times at Rs 287.96 crore Vs Rs 11.77 crore
Ebitda up 1.13 times at Rs 601.23 crore Vs Rs 282.72 crore
Margin at 20.2% Vs 10.7%
Gujarat Gas Q1FY22 (Consolidated, QoQ)
Revenue down 12% at Rs 3,065.93 crore Vs Rs 3,489.31 crore
Net profit up 36% at Rs 476.69 crore Vs Rs 350.86 crore
Ebitda up 30% at Rs 722.88 crore Vs Rs 554.25 crore
Margin at 24% Vs 16.2%
Natural gas demand has normalised to Q4 FY21 levels
Continues to flow total gas volume close to 12 mmscmd
Partly prepaid term loan of Rs 170 crore during the quarter
Quess Corp Q1FY22 (Consolidated, QoQ)
Revenue down 1% at Rs 2,986.91 crore Vs Rs 3,004.50 crore
Net profit at Rs 46.18 crore Vs Net loss Rs 63.33 crore
Ebitda up 2.88 times at Rs 146.85 crore Vs Rs 37.82 crore
Margin at 4.9% Vs 1.3%
Aditya Birla Capital Q1FY22 (Consolidated, QoQ)
Revenue down at 23% Rs 4,298.99 crore Vs Rs 5,586.83 crore
Net profit down 19% at Rs 302.03 crore Vs Rs 375.15 crore
Active customer base up 30% at 25 million (YoY) aided by focus on granular retail growth across all businesses
NCC Q1FY22 (Consolidated, QoQ)
Revenue down 27% at Rs 2,064.30 crore Vs Rs 2,816.60 crore
Net profit down 57% at Rs 49.95 crore Vs Rs 116.83 crore
Ebitda down 31% at Rs 211.25 crore Vs Rs 305.69 crore
Margin at 10.2% Vs 10.9%
Indiabulls Housing Finance Q1FY22 (Consolidated, QoQ)
NII down 1% at Rs 769.09 crore Vs Rs 777.58 crore
Net profit up 2% at Rs 281.69 crore Vs Rs 276.23 crore
Gross NPA at 2.86%
Net NPA at 1.55%
Thermax Q1FY22 (Consolidated, QoQ)
Revenue down 33% at Rs 1,052.36 crore Vs Rs 1,574.52 crore
Net profit down 61% at Rs 42.40 crore Vs Rs 107.35 crore
Ebitda down 55% at Rs 63.04 crore Vs Rs 139.66 crore
Margin at 6% Vs 8.9%
Edelweiss Financial Services Q1FY22 (Consolidated, QoQ)
NII down 60% at Rs 830.89 crore Vs Rs 2,099.89 crore
Net profit down 97% at Rs 18.09 crore Vs Rs 628.63 crore
Bajaj Consumer Care Q1FY22 (Consolidated, QoQ)
Revenue down 13% at Rs 216.71 crore Vs Rs 248.92 crore
Net profit down 11% at Rs 48.90 crore Vs Rs 54.67 crore
Ebitda down 15% at Rs 52.44 crore Vs Rs 61.66 crore
Margin at 24.2% Vs 24.8%
Honeywell Automation India Q1FY22 (QoQ)
Revenue up 2% at Rs 683.20 crore Vs Rs 672.70 crore
Net profit down 12% at Rs 91.53 crore Vs Rs 104.02 crore
Ebitda down 10% at Rs 116.65 crore Vs Rs 129.16 crore
Margin 17.1% Vs 19.2%
Stocks To Watch
Reliance Industries Ltd: Reliance Strategic Business Ventures Ltd., a wholly owned subsidiary of the company, has invested Rs 20 crore in Neolync Solutions Pvt. Ltd. Reliance will invest Rs 40 crore more on Neolync achieving agreed milestones. Deal is expected to be complete by March 2023. Total investment will translate into 40% of Neolync. Neolync manufactures electronic products such as mobile phones, telecom products and computing devices. Reliance said that the investment is part of group’s overall 5G initiatives.
Indiabulls Housing Finance: The company has voluntarily decided to set aside a sum equivalent to 75% of total maturity proceeds of its 6.375% secured USD bonds in multiple stages in a reserve fund. Total payment of Rs 27.30 billion ($368 million) will be made in May 2022 with Rs 20.47 billion of reserve fund and Rs 6.82 billion of final tranche paid by the company in May 22. The company had issued 6.375% secured US Dollar denominated bonds aggregating to $350 million in May 2019 for a tenor of 3 years. The principal portion of the bonds is fully hedged as per RBI norms, thereby ensuring the outstanding bonds are effectively a rupee liability to Rs 2,730 crore.
Maruti Suzuki: Total production in July up 58.53% to 1,70,719 units Vs 1,07,687 units last year.
Force Motors: The company’s total production in July stood at 2,046 units. It reported domestic sales of 1,607 units and exports of 213 units.
GEE: To consider bonus issue on August 11.
Minda Industries: Approved closure of QIP on August 5 and issue price of Rs 720 per share. The issue price is at discount of 2.02% to the floor price of Rs 734.84 per share.
BL Kashyap & Sons: Has been awarded new projects worth Rs 189.85 crore. The total order inflow in FY22 now stands at Rs 694.02 crore. The company has received a concrete & block work package worth Rs 105.02 crore and a civil & block work package worth Rs 84.83 crore at Bengaluru.
Earnings: Mahindra & Mahindra, Hindalco Industries, Berger Paints India, AU Small Finance Bank, National Aluminium Co, Voltas, Tata Power Co, Torrent Power, Aarti Industries, Indigo Paints, APL Apollo Tubes, The Phoenix Mills, Abbott India, Alembic, Bharat Electronics, Alkem Laboratories, BASF India, Graphite India, JK Tyre & Industries, Amines & Plasticizers, Anuh Pharma, Apollo Tricoat Tubes, MTAR Technologies, Strides Pharma Science, Ujjivan Small Finance Bank, Sona BLW Precision Forgings, Arvind Fashions, Asian Granito India, Balmer Lawrie & Co, BEML, Elecon Engineering Co., Sudarshan Chemical Industries, Ratnamani Metals & Tubes, Emami Paper Mills, Huhtamaki India, Kopran, Lumax Industries, OnMobile Global, Rane Holdings, R Systems International, Sandhar Technologies, SH Kelkar and Company, Summit Securities, TVS Srichakra
Shares of Glenmark Life Sciences will start trading in Mumbai after IPO gets 45 times demand.
Pledge Share Details
Adani Transmission: Promoter Adani Tradeline LLP created a pledge of 4.05 lakh shares on August 3.
Steel Exchange India: Promoters (Bandi Padmavathi, Bandi Kumar, Bavineni Suresh, Bavineni Kiran, Umashiv Garments, Vizag Profiles) revoked pledge of 1.20 crore shares between March 12-26. Promoters (Rajesh Bavineni and V Srijan Babu) created a pledge of 8.25 lakh shares between April 7-22.
As reported on August 5.
SBI Life Insurance Company: Promoter CA Emerald Investments sold 1.90 crore shares (1.90%) at Rs 1,130 per share.
Graphite India: Promoter Krishna Bangur sold 13.96 lakh shares (0.71%) at Rs 740 per share.Emerald Matrix Holdings PTE bought 13.96 lakh shares (0.71%) at Rs 740 per share.
Gokaldas Exports: Pramerica Mutual Fund bought 2.96 lakh shares (0.69%) at Rs 218.62 per share.
Dixon Technologies (India): Promoter Geeta Vaswani sold 1,000 shares on August 2.
Vishal Fabrics: Promoters (Urmiladevi Chiripal and Nandan Corporation LLP) sold 4 lakh shares on August 3. Promoter Nandan Industries bought 4.32 lakh shares on August 3.
Day 2 Subscription
Devyani International’s initial public offering was subscribed 6.61 times.
Krsnaa Diagnostics’ Rs 1,213-crore issue was subscribed 5.35 times led by retail investors.
Windlas Biotech’s IPO was subscribed 6.99 times.
Exxaro Tiles Ltd.'s Rs 161-crore issue was subscribed 10.29 times.
Ex-Date Final Dividend: Jubilant FoodWorks, Share India Securities, Sonata Software, Alkem Laboratories
Ex-Date Interim Dividend: Share India Securities
Ex-Date Dividend: Ingersoll-Rand (India)
Ex-Date AGM: Saregama India
Record Date Interim Dividend: SRF, Vaibhav Global, Ramkrishna Forgings, Granules India, Goodluck India, Eris Lifesciences
Record Date Final Dividend: Indian Oil Corporation, Strides Pharma Science, Jubilant Pharmova, Jubilant Ingrevia
Record Date Income Distribution: IndInfravit Trust
Record Date Dividend: DFM Foods, BSE
Price Band Revised From 10% To 20%: Apex Frozen Foods, Barbeque Nation Hospitality, Dolat Investments, Easy Trip Planners, Ebixcash World Money, Future Consumer, Hemisphere Properties India, HLE Glascoat, Hindustan Media Ventures, IFCI, NIIT, Novartis India, Oriental Hotels, Patel Engineering, Satin Creditcare Network, SVP Global Ventures, TCI Express, Vakrangee
Price Band Revised From 10% To 5%: Tata Steel Bsl, Fairchem Organics
Price Band Revised From 5% To 10%: Ruchi Soya Industries, Edelweiss Financial Services, Future Enterprises, Future Lifestyle Fashions, Future Retail, Jain Irrigation Systems, Kiocl, Kirloskar Industries, 5paisa Capital, Arshiya, BL Kashyap and Sons, Dhani Services, DB Realty, Mahanagar Telephone Nigam, PG Electroplast, Thomas Cook (India)
Move Into ASM Framework: HG Infra Engineering
Move Out Of Short-Term ASM Framework: Alkyl Amines Chemicals
Money Market Update
The rupee ended at 74.17 against the U.S. Dollar on Thursday as compared to Wednesday's closing of 74.18.
Nifty August futures ended at 16,290.65, a discount of 3.95 points
Nifty August futures added 4.72%, and 11,059 shares in Open Interest
Nifty Bank August futures ended at 35,907.10, a premium of 72.35 points
Nifty Bank August futures added 4.73%, and 3,288 shares in Open Interest
Securities that continue to be on the ban list: Canara Bank, Indiabulls Housing Finance, Sun TV
Securities added to the ban list: RBL Bank