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Stocks To Watch Today: Axis Bank, Bajaj Auto, HUL, Reliance Industries, Vedanta

Here are the stocks to watch in today's trade..

<div class="paragraphs"><p>The Bombay Stock Exchange  building in Mumbai. (Photographer: Dhiraj Singh/Bloomberg)</p></div>
The Bombay Stock Exchange building in Mumbai. (Photographer: Dhiraj Singh/Bloomberg)

U.S. futures advanced on Thursday and stocks were steady amid a surge in Facebook parent Meta Platforms Inc. and more pledges of economic support from China.

Futures for the tech-heavy Nasdaq 100 and S&P 500 rose. Shares in Japan, Australia and South Korea were volatile after the U.S. stock market posted a modest gain on Wednesday aided by Meta, which surged 18% in extended trading after Facebook’s main social network added more users than projected.

The Singapore-traded SGX Nifty, an early barometer of India's benchmark Nifty 50, fell 0.12% to 17,029.50 points as of 7:15 am.

Treasury yields dipped as investors calibrated risks from high inflation and aggressive Federal Reserve policy tightening. A dollar gauge advanced.

In commodities, oil was close to $102 a barrel. Bitcoin rose above $39,300.

Here are the stocks to watch in today's trade:

  • Reliance: Bodhi Tree Systems, a platform of Uday Shankar and James Murdoch's Lupa Systems, to raise and invest Rs 13,500 crore in Viacom18. Reliance Projects to invest an additional Rs 1,645 crore. JioCinema OTT app to be transferred to Viacom18.

  • ONGC: The company has signed a Memorandum of Understanding with Equinor ASA, the Norwegian state-owned multinational energy company, for collaboration and partnership in areas of upstream exploration and production, midstream, downstream and clean energy options, including carbon capture utilization and sequestration.

  • Tata Consumer: Life Insurance Corporation of India has increased its stake in the company to 5.008%.

  • IDFC First Bank: The bank will consider raising funds through issuance of debt securities on private placement basis on April 30.

  • Kohinoor Foods: The company approved rights issue for an aggregate amount od Rs 49.5 crore.

Earnings Post Market Hours

Hindustan Unilever Q4 FY22 (Consolidated, YoY)

  • Revenue up 10.7% at Rs 13,767 crore Vs Rs 12,433 crore (Bloomberg Estimate: Rs 13,162.3 crore)

  • EBITDA up 8.48% at Rs 3,301 crore Vs Rs 3,043 crore (Bloomberg Estimate: Rs 3,215.4 crore)

  • EBITDA Margin 23.98% Vs 24.48% (Bloomberg Estimate: 24.42%)

  • Net profit up 5.4% at Rs 2,304 crore Vs Rs 2,186 crore (Bloomberg Estimate: Rs 2,373.5 crore)

  • Recommended a final dividend of Rs 19 per share

Bajaj Auto Q4 FY22 (Consolidated, YoY)

  • Revenue fell 7.23% at Rs 7,974.84 crore Vs Rs 8,596.1 crore (Bloomberg Estimate: Rs 7,621.4 crore)

  • EBITDA fell 10.6% at Rs 1,360.68 crore Vs Rs 1,521.88 crore (Bloomberg Estimate: Rs 1,124.6 crore)

  • EBITDA margin 17.06% Vs 17.70% (Bloomberg Estimate: 14.75%)

  • Net profit fell 1.6% at Rs 1,526.16 crore Vs Rs 1,551.28 crore (Bloomberg Estimate: Rs 1,203.7 crore)

  • Recommended dividend of Rs 140 per share on face value of Rs 10 each

Persistent Systems Q4 FY22 (Consolidated, QoQ)

  • Revenue up 9.8% at Rs 1,637.85 crore Vs Rs 1,491.71 crore

  • EBITDA up 12% at Rs 281.16 crore Vs Rs 251.08 crore

  • EBITDA margin 17.17% Vs 16.8%

  • Net profit up 14% at Rs 200.99 crore Vs Rs 176.39 crore

  • Recommended final dividend of Rs 11 per share of face value of Rs 10

HDFC Asset Management Company Q4 FY22 (Consolidated, YoY)

  • Revenue up 2.6% at Rs 516.28 crore Vs Rs 502.93 crore

  • EBIT fell 0.7% at Rs 380.05 crore Vs Rs 382.71 crore

  • EBIT margin 73.6% Vs 76.1%

  • Net profit up 8.6% at Rs 343.55 crore Vs Rs 316.08 crore

  • Recommended a dividend of Rs 42 per share on face value of Rs 5

Indian Energy Exchange Q4 FY22 (Consolidated, QoQ)

  • Revenue fell 4.6% at Rs 112.08 crore Vs Rs 117.54 crore

  • EBIT fell 4% at Rs 90.78 crore Vs Rs 94.4 crore

  • EBIT margin 81% Vs 81.3%

  • Net profit up 10% at Rs 88.35 crore Vs Rs 80.35 crore

  • Recommended dividend of Rs 1 per share on face value of Rs 1

Indian Hotels Company Q4 FY22 (Consolidated, QoQ)

  • Revenue fell 21.5% at Rs 872.08 crore Vs Rs 1,111.22 crore

  • EBITDA fell 51% at Rs 158.98 crore Vs Rs 321.75 crore

  • EBITDA margin 18% Vs 29%

  • Net profit fell 2.4% at Rs 74.19 crore Vs Rs 76.01 crore

  • Recommended dividend of Rs 0.4 per share on face value of Rs 1

Mahindra Lifespace Developers Q4 FY22 (Consolidated, YoY)

  • Revenue up 146% at Rs 102.01 crore Vs Rs 42 crore

  • EBITDA at negative Rs 34.69 crore Vs negative Rs 37.23 crore

  • EBITDA margin -34% Vs -89.7%

  • Net profit of Rs 86.31 crore Vs net loss of Rs 28.44 crore

  • Recommended dividend of Rs 2 per share n face value of Rs 10

Supreme Petrochem Q4 FY22 (Consolidated, YoY)

  • Revenue up 18% at Rs 1,497.73 crore Vs Rs 1,269.12 crore

  • EBITDA fell 2.7% at Rs 307.78 crore Vs Rs 316.34 crore

  • EBITDA margin 20.5% Vs 25%

  • Net profit fell 2.7% at Rs 225.39 crore Vs Rs 231.7 crore

  • Recommended final dividend of Rs 14 per share

Chennai Petroleum Corporation Q4 FY22 (Consolidated, YoY)

  • Revenue up 42.7% at Rs 20997.13 crore Vs Rs 14705.48 crore

  • EBITDA up 203% at Rs 1,581.06 crore Vs Rs 521.98 crore

  • EBITDA margin 7.53% Vs 3.55%

  • Net profit up 314% at Rs 1,001.92 crore Vs Rs 241.98 crore

Trent Q4 FY22 (Consolidated, QoQ)

  • Revenue up 46.75% at Rs 1,328.86 crore Vs Rs 905.55 crore

  • EBIT fell 13.8% at Rs 45.65 crore Vs Rs 52.97 crore

  • EBIT margin 3.44% Vs 5.85%

  • Net loss at Rs 20.87 crore Vs net profit at Rs 17.44 crore

Earnings To Watch

  • Agro Tech Foods

  • Axis Bank

  • Bajaj Finserv

  • Bajaj Holdings & Investment

  • Biocon

  • Coromandel International

  • Datamatics Global Services

  • Embassy Office Parks REIT

  • Fineotex Chemical

  • IIFL Finance

  • IndiaMART InterMESH

  • Indo Rama Synthetics (India)

  • Kirloskar Pneumatic Company

  • Laurus Labs

  • Motilal Oswal Financial Services

  • Mphasis

  • Procter & Gamble Hygiene & Health Care

  • PNB Housing Finance

  • SBI Life Insurance Company

  • Shoppers Stop

  • Shriram Transport Finance Company

  • Sterlite Technologies

  • Varun Beverages

  • Vedanta

Opinion
Chip Supply Constraints Led To 'Serious Shortfalls' In Q4, Says Bajaj Auto

Pledged Shares Details

  • Max Financial Services: Promoter Max Ventures Investment Holdings created a pledge of 6.27 lakh shares on April 25.

Bulk Deals

  • CARE Ratings: Phaeacian Accent International Value Fund sold 1.54 lakh (0.52%) shares at Rs 477.57 apiece.

  • Future Consumer: IndusInd Bank Client A/C sold 4.55 crore (2.28%) shares at Rs 3.02 apiece.

Who's Meeting Whom

  • Britannia Industries: To meet investors and analysts on May 4.

  • Gokaldas Exports: To meet analysts and investors on May 2.

  • Symphony: To meet analysts and investors on May 3.

  • Inox Leisure: To meet analysts and investors on May 3.

  • KPR Mill: To meet investors and analysts on April 28.

  • Equitas Small Finance Bank: To meet investors and analysts on May 5.

  • Maruti Suzuki: To meet analysts and investors on April 29.

Opinion
HUL Warns Weaker Margin To Persist On Rising Input Inflation

Trading Tweaks

  • Price Band Revised From 10% To 5%: Future Enterprises, Zee Media Corporation

  • Price Band Revised From 20% To 10%: Future Lifestyle Fashions, Future Supply Chain Solutions

  • Price Band Revised From 5% To 10%: Veranda Learning Solutions

  • Move Into Short-Term ASM Framework: Bombay Dyeing & Manufacturing Company, Future Supply Chain Solutions, Shree Renuka Sugars

  • Move Out Of Short-Term ASM Framework: Seshasayee Paper and Boards

  • Ex-Date Interim Dividend: Mold-Tek Packaging, HCL Technologies

  • Ex-Date Dividend: Vesuvius India, KSB

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