Stocks To Watch Today: Axis Bank, Maruti Suzuki, SBI Cards, Vedanta, Wipro

U.S. equity futures declined on Friday after post-earnings fall in Amazon.com Inc. and Apple Inc. after Wall Street logged gains.

Futures on the S&P 500 and technology-heavy Nasdaq 100 retreated, with the latter shedding over 1%. Equities rose in Australia and South Korea, while Japan is closed for a holiday.

The Singapore-traded SGX Nifty, an early barometer of India's benchmark Nifty 50, rose 0.46% to 17,308 points as of 7:15 am.

The dollar dipped but is set for its best week since 2021. Oil held a jump to about $105 a barrel, amid rising prospect of a European Union ban on Russian crude in retaliation for the invasion of Ukraine.

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

• Tata Power: Signed Memorandum of Understanding with National Real Estate Development Council to set up 5,000 EV charging points across its member’s developer properties.

• Colgate Palmolive: The company appointed Prabha Narasimhan as CEO and MD for five years effective September 1. Current MD and CEO Ram Raghavan resigned after being promoted as the President – Enterprise Oral Care, Colgate-Palmolive Company, New York. It also declared second interim dividend of Rs 21 per share of face value of Rs 1 each.

• Sterlite Technologies: Approved raising of funds of upto Rs 1,000 crore.

• Lemon Tree Hotels: Approved acquisition of 25.10% stake in Carnation Hotels for Rs 18.85 crore.

• Jindal Poly Films: Jindal Polypack, a wholly owned subsidiary of the company will acquire 100% stake in SMI Coated Products for Rs 99.65 crore. SMI Coated Products is engaged in the manufacturing of pressure sensitive label stocks.

Earnings Post Market Hours

Axis Bank Q4 FY22 (Standalone)

• Net Interest income up 17% at Rs 8,815 crore Vs Rs 7,555 crore (YoY)

• Net Profit up 54% at Rs 4,118 crore Vs Rs 2,677 crore (YoY) (Bloomberg estimate: Rs 3,909.5 crore)

• GNPA: 2.82% vs 3.17% (QoQ)

• NNPA: 0.73% vs 0.91% (QoQ)

• Recommended dividend of Rs 1 per share of face value of Rs 2 each

Biocon Q4 FY22 (Consolidated, YoY)

• Revenue up 30.8% at Rs 2.408.8 crore Vs Rs 1,842.1 crore (Bloomberg Estimate: Rs 2,252 crore)

• EBITDA up 35.8% at Rs 591.9 crore Vs Rs 435.7 crore (Bloomberg Estimate: Rs 567 crore)

• EBITDA margin 24.6% Vs 23.65% (Bloomberg Estimate: 25.2%)

• Net profit fell 5.8% at Rs 238.6 crore Vs Rs 253.2 crore (Bloomberg Estimate: Rs 237 crore)

• Recommended a final dividend of Rs 0.5 per share of face value of Rs 5 each

Vedanta Q4 FY22 (Consolidated, QoQ)

• Revenues up 16.8% at Rs 39,822 crore Vs Rs 34,097 crore

• EBITDA up 26.1% at Rs 13,633 crore Vs Rs 10,810 crore

• EBITDA Margins at 34.2% vs 31.7%

• Net profit up 39.3% at Rs 5,799 crore Vs Rs 4,164 crore

• Approved first interim dividend of Rs 31.5 per share of face value of Rs 1 each

Ambuja Cement Q1 CY22 (Standalone, YoY)

• Revenues up 8.4% at Rs 3925.2 crore Vs Rs 3621.4 crore (Bloomberg Estimate: Rs 3,906.2 crore)

• EBITDA fell 19.1% at Rs 790.39 crore Vs Rs 976.8 crore (Bloomberg Estimate: Rs 684 crore)

• EBITDA Margins at 20.1% vs 27% (Bloomberg Estimate: 17%)

• Net profit fell 25.4% at Rs 495.2 crore Vs Rs 664.57 crore (Bloomberg Estimate: Rs 405 crore)

IndiaMart Q4 FY22 (Consolidated, QoQ)

• Revenue up 7% at Rs 201.4 crore Vs Rs 188.1 crore

• EBIT fell 28.4% at Rs 54.3 crore Vs Rs 75.8 crore

• EBIT margin 27% Vs 40%

• Net profit fell 18.2% at Rs 57.4 crore Vs Rs 70.2 crore

Shopper’s Stop Q4 FY22 (Consolidated, QoQ)

• Revenue fell 25.5% at Rs 713.34 crore Vs Rs 958.11 crore

• EBITDA fell 58.5% at Rs 76.24 crore Vs Rs 183.89 crore

• EBITDA margin 10.7% Vs 19.19%

• Net loss at Rs 15.85 crore Vs net profit of Rs 77.22 crore

IIFL Finance Q4 FY22 (Consolidated, YoY)

• Revenue up 16.12% at Rs 1856.2 crore Vs Rs 1,598.5 crore

• EBIT up 19% at Rs 1131.4 crore Vs Rs 951 crore

• EBIT margin 61% Vs 59.5%

• Net profit up 29.6% at Rs 320.93 crore Vs Rs 247.63 crore

Earnings To Watch

• Wipro

• Ultratech Cement

• Maruti Suzuki India

• Tata Chemicals

• SBI Cards and Payment Services

• Shriram City Union Finance

• Can Fin Homes

• Gillette India

• GNA Axles

• Gokaldas Exports

• HFCL

• IndusInd Bank

• L&T Finance Holdings

• LLoyds Metals and Energy

• Solara Active Pharma Sciences

• Sonata Software

• Star Health and Allied Insurance Company

• Supreme Industries

• Tanla Platforms

• Thyrocare Chemicals

Bulk Deals

• Chennai Petroleum Corporation: Dolly Khanna bought 10 lakh (0.67%) shares at Rs 263.15 apiece.

Who's Meeting Whom

• UTI Asset Management: To meet Mirae Asset Mutual Fund on April 29.

• Geojit Financial Services: To meet investors and analysts on April 30.

• JSW Energy: To meet investors and analysts on May 3.

• Sona BLW Precision Forgings: To meet investors and analysts on May 5.

• Cera Sanitaryware: To meet investors and analysts on May 11.

Trading Tweaks

• Price Band Revised From 10% To 5%: Navkar Corporation

• Price Band Revised From 20% To 10%: Future Consumer, Zee Learn

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

• Record-Date Dividend: Vesuvius India

• Ex-Date Annual General Meeting: Rain Industries

• Ex-Date Dividend: Elantas Beck India

• Move Into Short-Term ASM Framework: Dolat Algotech, Equippp Social Impact Technologies, Veranda Learning Solutions

• Move Out Of Short-Term ASM Framework: Andhra Paper

Top Research Reports

• Ambuja Cements Q1 Review - Robust QoQ, Fair Valuation: Dolat Capital

• LIC IPO - Dominant Leader In Indian Life Insurance Industry: ICICI Direct

• Shanthi Gears - Strong Topline Growth, Lower Costs To Aid Margin Expansion: HDFC Securities Initiates Coverage

• HUL - Beat In Q4 And Likely Repeat In FY23: ICICI Securities