All You Need To Know Going Into Trade On November 10
Stocks in the news, big brokerage calls of the day, complete trade setup and much more!
Asian stocks were mixed early Wednesday and Treasuries trimmed a rally as traders awaited inflation readings from China and the U.S.
Shares fluctuated in Japan, edged up in Australia and fell in South Korea. U.S. futures slipped after the S&P 500 dipped for the first time in nine sessions, hurt by financial shares.
The Singapore-traded SGX Nifty, an early indicator of India's Nifty 50 Index’s performance, shed 0.53% to 17,984, as of 7:10 a.m.
Oil extended an advance toward $85 a barrel on speculation that the Biden administration may pull the plug on any plans to release crude from the nation’s emergency reserves after a U.S. energy report showed supplies rising next year.
In cryptocurrencies, Bitcoin was trading around $67,000, not far from the record high
Earnings Post Market Hours
Power Grid Corporation of India Q2FY22 (Consolidated, YoY)
Revenue up 8% at Rs 10,266.98 crore Vs Rs 9,529.68 crore
Net profit up 9% at Rs 3,376.38 crore Vs Rs 3,094.10 crore
Ebitda up 8% at Rs 9,110.54 crore Vs Rs 8,441.41 crore
Margin at 88.7% Vs 88.6%
BHEL Q2FY22 (Consolidated, YoY)
Revenue up 38% at Rs 5,112.19 crore Vs Rs 3,695.96 crore
Net loss of Rs 45.98 crore Vs Rs 552.02 crore
Ebitda loss of Rs 29.96 crore Vs Rs 633.32 crore
Indraprastha Gas Q2FY22 (Consolidated, YoY)
Revenue up 40% at Rs 2,015.99 crore Vs Rs 1,440.74 crore
Net profit up 10% at Rs 418.63 crore Vs Rs 380.45 crore
Ebitda up 30% at Rs 530.18 crore Vs Rs 407.12 crore
Margins at 26.3% Vs 28.3%
Redington (India) Q2FY22 (Consolidated, YoY)
Revenue up 11% at Rs 15,287.46 crore Vs Rs 13,763.94 crore
Net profit up 73% at Rs 307.20 crore Vs Rs 177.84 crore
Ebitda up 49% at Rs 431.61 crore Vs Rs 288.84 crore
Margin at 2.8% Vs 2.1%
Godrej Agrovet Q2FY22 (Consolidated, YoY)
Revenue up 25% at Rs 2,154.07 crore Vs Rs 1,723.91 crore
Net profit down 3% at Rs 112.20 crore Vs Rs 115.51 crore
Ebitda up 10% at Rs 190.43 crore Vs Rs 173.16 crore
Margin at 8.8% Vs 10%
HEG Q2FY22 (Consolidated, YoY)
Revenue up 60% at Rs 517.56 crore Vs Rs 322.88 crore
Net profit of Rs 131.52 crore Vs net loss of Rs 15.36 crore
Ebitda gain of Rs 141.93 crore Vs Ebitda loss of Rs 41.87 crore
Max Financial Services Q2FY22 (Consolidated, YoY)
NII up 33% at Rs 9,319.3 crore Vs Rs 7,019.8 crore
Net profit down 41% at Rs 47.65 crore Vs Rs 81.06 crore
Procter & Gamble Health Q2FY22 (YoY)
Revenue up 3% at Rs 272.80 crore Vs Rs 263.97 crore
Net profit down 7% at Rs 55.37 crore Vs Rs 59.26 crore
Ebitda at Rs 78.07 crore Vs Rs 78.10 crore
Margin at 28.6% Vs 29.6%
CreditAccess Grameen Q2FY22 (Consolidated, YoY)
NII up 14% at Rs 388.84 crore Vs Rs 340.25 crore
Net profit down 25% at Rs 59.70 crore Vs Rs 79.57 crore
Bosch Q2FY22 (Consolidated, QoQ)
Net profit up 43.2% at Rs 371.93 crore Vs Rs 259.76 crore
Revenue up 19.4% at Rs 2,917.97 crore Vs Rs 2,443.53 crore
Total costs at Rs 2,644.84 crore Vs Rs 2,207.19 crore
Other income at 124.34 crore Vs Rs 98.97 crore
Stocks To Watch
Adani Green Energy has set a target of achieving 45 GW renewable energy capacity by 2030, with the average tariff below the average power purchase cost at the national level. The company will also invest $20 billion in renewable energy development over the next decade and develop a 2 GW per year solar manufacturing capacity by FY23. Adani Transmission, which distributes electricity in parts of Mumbai, is on course to increase the share of renewables in its power procurement to 30% by FY23 and to 70% by FY30 from the current 3%.
Cipla: The company’s unit Cipla Technologies LLC will continue to reimburse Pulmatrix Inc for 50% of all third-party costs for the development of Pulmazole, which would include 40% of dedicated personnel and consulting costs and another 10% upon the timely achievement of certain development milestones. Pulmatrix has also granted Cipla Technologies exclusive rights to develop and sell Pulmazole in India, Nepal, Yemen, Iran, South Africa, Sri Lanka, Myanmar and Algeria for 2% royalties on net sales.
Housing Development Finance Corporation: To raise Rs 3,000 crore by issuing secured, redeemable NCDs on a private placement basis. The coupon rate has been fixed at 7.10% per annum. The issue will open for subscription on November 11, and close on the same day.
Hester Biosciences: Hester India to acquire 50% stake in Thrishool Exim Ltd, Tanzania for $2.25 million. Thrishool is an animal health products distribution company operating in Tanzania since 2012.
IDFC: Board, as part of simplification of corporate structure, has approved the merger of IDFC Alternatives, IDFC Trustee Company and IDFC Projects into IDFC subject to regulatory approvals from various authorities, as applicable.
Dixon Technologies (India): The company has entered into joint venture agreement with Beetel Teletech for manufacturing of telecom and networking products. The JV company Dixon Electro Appliances will be 51% owned by Dixon and 49% owned by Beetel.
Wipro: The company has partnered with DriveNets to transform how communication service providers build next-generation networks.
FSN E-Commerce Ventures, the entity that operates Indian beauty startup Nykaa, will make its debut on bourses today.
Earnings: Pidilite Industries, Zomato, Oil India, Bank of Baroda, Berger Paints India, Birla Corporation, Crisil, Gujarat Fluorochemicals, Metropolis Healthcare, Alembic Pharmaceuticals, Glenmark Life Sciences, Narayana Hrudayalaya, NIIT, Nuvoco Vistas Corporation, Rail Vikas Nigam, Firstsource Solutions, Affle (India), Anupam Rasayan India, India Cements, Mazagon Dock Shipbuilders, RCF, Marksans Pharma, Astra Microwave Products, EPL, Equitas Holdings, Eveready Industries India, Filatex India, Galaxy Surfactants, GE T&D India, General Insurance Corporation of India, Hawkins Cookers, Hemisphere Properties India, Indostar Capital Finance, Jamna Auto Industries, Kalyan Jewellers India, Krishna Institute of Medical Sciences, KSB, MOIL, NGL Fine-Chem, Paisalo Digital, Sansera Engineering, Strides Pharma Science, Suprajit Engineering, Timken India, Tata Teleservices (Maharashtra), Vinati Organics
Offerings
Latent View Analytics will launch its three-day initial public offering today.
Paytm IPO was subscribed 48% on day 2.
Sapphire Foods India IPO was subscribed 49% on first day.
Pledge Share Details
Solara Active Pharma Sciences: Promoters (Chayadeep Properties and Pronomz Ventures) created a pledge of 5.25 lakh shares between October 25-November 1.
Bulk Deals
SH Kelkar and Company: Firmenich Aromatics Production India bought 1.41 crore shares (9.99%) at Rs 172.94 per share. Blackstone Capital Partners Singapore VI FDI Two Pte sold 1.40 crore shares (9.92%) at Rs 173 per share.
Fairchem Organics: IIFL Asset Management bought 3.75 lakh shares (2.89%) at Rs 1,875 per share. IIFL Special Opportunities Fund- Series 7 bought 4.13 lakh shares (3.17%) at Rs 1,874.43 per share. Public Sector Pension Investment Board bought 2.75 lakh shares (2.11%) at Rs 1,875 per share. FIH Mauritius Investments sold 13 lakh shares (9.98%) at Rs 1,876.73 per share.
Insider Trades
Gati: Promoter Bunny Investments and Finance sold 70,000 shares between November 3-8.
Trading Tweaks
Ex-Date Interim Dividend: Indian Railway Finance Corporation, Lux Industries, Aarti Industries, GMM Pfaudler, GRM Overseas, Deep Industries
Ex-Date Stock Split: GRM Overseas
Record Date Interim Dividend: Steel Authority of India, Ajanta Pharma, Happiest Minds Technologies, Dalmia Bharat, Triveni Engineering, Shriram Transport Finance Co., Share India Securities, LT Foods
Record Date InvIT: IndInfravit Trust
Record Date Income Distribution RITES: Embassy Office Parks REIT
Price Band Revised From 20% To 10%: Mangalam Organics
Move Into Short-Term ASM Framework: 3i Infotech, Tata Teleservices (Maharashtra)
Move Out Of Short-Term ASM Framework: Allcargo Logistics, PTC India
Move Into ASM Framework: VRL Logistics, Prince Pipes and Fittings, Allcargo Logistics, Aptech
Money Market Update
The rupee ended at 74.03 against the U.S. Dollar on Tuesday as compared to Monday's closing of 74.02.
F&O Cues
Nifty November futures ended at 18,075.25; a premium of 31 points.
Nifty November futures shed 4.64% and 9,813 shares in Open Interest
Nifty Bank November futures ended at 39,546.30; a premium of 177.50 points
Nifty Bank November futures added 5.76% and 4,533 shares in Open Interest
Securities in the ban list: Escorts, Punjab National Bank, Sun TV
