All You Need To Know Going Into Trade On August 10
Asia stocks drifted Tuesday and commodity markets steadied after Monday’s selloff as investors weighed talk of stimulus withdrawal and a resurgence in the delta virus variant.
Equities rose in Japan, which reopened after a holiday. Stocks in Hong Kong saw modest gains, while those in China and South Korea dipped. U.S. futures fluctuated.
The Singapore-traded SGX Nifty, an early indicator of India's Nifty 50 Index’s performance, fell 0.31% to 16,217.50 as of 7:15 a.m.
Earlier, the S&P 500 closed little changed, while the Nasdaq 100 ticked up. The dollar and Treasury yields held overnight gains. Crude oil pared a decline after it touched the lowest in three weeks on concern the delta strain will hampe
Gold was steady after Monday’s volatility and Bitcoin traded back around $46,000.
Earnings Post Market Hours
Shree Cement Q1FY22 (Standalone, QoQ)
Revenue down 12.8% at Rs 3,449.49 crore Vs Rs 3,957.96 crore (Bloomberg estimate: Rs 3,345.3 crore)
Net profit down 13.8% at Rs 661.72 crore Vs Rs 767.65 crore (Bloomberg estimate: Rs 597 crore)
Ebitda down 14.3% at Rs 1,013.51 crore Vs Rs 1,182.46 crore (Bloomberg estimate: Rs 1,031.5 crore)
Margin at 29.4% Vs 29.9% (Bloomberg estimate: 29.4%)
Appointed Shrinath Savoor as Chief Sustainability Officer effective August 9
Reliance Power Q1FY22 (Consolidated, QoQ)
Revenue up 22% at Rs 2,013.83 crore Vs Rs 1,654.57 crore
Net profit down 83% at Rs 12.28 crore Vs Rs 72.56 crore
Ebitda up 2% at Rs 914.49 crore Vs Rs 897.16 crore
Margin at 45.4% Vs 54.2%
Indian Hotels Company Q1FY22 (Consolidated, QoQ)
Revenue down 44% at Rs 344.55 crore Vs Rs 615.02 crore
Net loss at Rs 277.34 crore Vs Rs 91.30 crore
Ebitda loss at Rs 148.82 crore Vs Ebitda gain of Rs 71.31 crore
To raise up to Rs 250 crore by way of secured or unsecured long-term financing in one or a combination of ECBs, FCBs, NCDs, Term Loans or through any other debt instrument.
Gujarat State Petronet Q1FY22 (Consolidated, QoQ)
Revenue down 9% at Rs 3,481.66 crore Vs Rs 3,828.65 crore
Net profit up 22% at Rs 509.46 crore Vs Rs 416.67 crore
Ebitda up 22% at Rs 1,101.21 crore Vs Rs 901.83 crore
Margins at 32.2% Vs 23.9%
Net sales down 9% at Rs 3,425.05 crore Vs Rs 3,766.95 crore
Stocks To Watch
Coal India: The mines at Tikak, Tipong and Tirap of North Eastern Coalfields were temporarily suspended from June 3 due to non-availability of forest and other statutory clearances.
Wipro: Appointed Jason Eichenholz as Senior Vice President and Global Partnership Lead of the company.
ISGEC Heavy Engineering: Received an order for 175 KLPD Multi-feed Distillery from Dwarikesh Sugar Industries Ltd. for their site at Bareilly, Uttar Pradesh.
NBCC (India): Secured total business of Rs 646.91 crore in July.
Vakrangee: Launched a bouquet of travel services across its platform. It has made services such as domestic/international flight bookings operationally live across its network of more than 11,900+ Nextgen Vakrangee kendras. The company intends to provide digital travel services in the remotest parts of the country at the most competitive prices. The company had partnered with TSI Yatra to offer Assisted Online travel services.
Earnings: Coal India, Power Grid Corporation Of India, Jindal Steel & Power, Lupin, Zomato, Motherson Sumi Systems, Computer Age Management Services, Siemens, Brookfield India Real Estate Trust REIT, Godrej Agrovet, Linde India, Manappuram Finance, Max Financial Services, Max Healthcare Institute, Galaxy Surfactants, Trent, Tata Teleservices (Maharashtra), Prestige Estates Projects, 3i Infotech, Aarti Surfactants, Ashoka Buildcon, Balu Forge Industries, Mrs. Bectors Food Specialities, Kalyan Jewellers India, Gujarat Alkalies & Chemicals, Cochin Shipyard, Deepak Fertilisers & Petrochemicals Corporation, Krishna Institute of Medical Sciences, Ion Exchange (India), IRB Infrastructure Developers, Jain Irrigation Systems, V-Mart Retail, Whirlpool Of India, Manali Petrochemical, Sequent Scientific, Balmer Lawrie Investments, Eveready Industries India, Capacite Infraprojects, Heranba Industries, Infibeam Avenues, Insecticides (India), Century Enka, Century Plyboards (I), Mac Charles (India), Meghmani Organics, Ahluwalia Contracts (India), Aditya Vision, Balaji Telefilms, BCL Industries, Chalet Hotels, Goldiam International, GTL Infrastructure, Hexa TraDEX, Honda India Power Products, Huhtamaki India, IFCI, India Glycols, Kiri Industries, Kirloskar Pneumatic Co., Lincoln Pharmaceuticals, Muthoot Capital Services, Nath Bio-Genes (India), PNB Gilts, Pricol, Reliance Infrastructure, Sadhana Nitrochem, Saksoft, Sanghvi Movers, Siyaram Silk Mills, Spencers Retail, Tribhovandas Bhimji Zaveri, Tourism Finance Corporation Of India, Transpek Industry, Titagarh Wagons, Uniphos Enterprises, Wonderla Holidays
Pledge Share Details
Asahi India Glass: Promoter Sanjay Labroo created a pledge of 10.98 lakh shares on August 3.
Ajanta Pharma: Promoter Ravi Agrawal revoked pledge of 4.10 lakh shares on August 6.
JSW Steel: Promoters (JSW Techno Projects Management and Sahyog Holdings) revoked pledge of 21.57 lakh shares between August 4-6.
Max Financial Services: Promoter Max Ventures Investment Holdings revoked pledge of 1.10 lakh shares on August 6.
As reported on August 9.
Glenmark Life Sciences: Polar Capital Funds PLC bought 8.36 lakh shares at Rs 732.55 per share.
Quess Corp: Smallcap World Fund Inc bought 41.30 lakh shares (2.80%) at Rs 900 per share. Promoter Ajit Isaac sold 20 lakh shares (1.35%) at Rs 900 per share. Fairbridge Capital (Mauritius) sold 30 lakh shares (2.03%) at Rs 899.99 per share.
Rolex Rings: HSBC Pooled Investment Fund bought 1.44 lakh shares (0.53%) at Rs 1,250 per share.
Coforge: Promoter Hulst BV sold 33.50 lakh shares on August 4.
GHCL: Promoter Ram Krishna Dalmia Foundation sold 24,000 shares on August 6.
Mukand: Promoter Bachhraj Factories bought 46.02 lakh shares (3.26%) at Rs 153 per share. Promoter Bajaj Sevashram bought 61.71 lakh shares (4.36%) at Rs 153 per share. Promoter Sanraj Nayan Investments bought 20.18 lakh shares (1.43%) at Rs 153 per share. Promoter Bachhraj & Co bought 1.04 crore shares (7.36%) at Rs 153 per share. Promoter Rishabh Sukumar sold 20.18 lakh shares (1.43%) at Rs 153 per share. Promoter Kaustubh Shah sold 11.96 lakh shares (0.85%) at Rs 153 per share. Promoter Priyaradhika Shah sold 9.60 lakh shares (0.68%) at Rs 153 per share. Promoter Rajesh Shah sold 72.23 lakh shares (5.11%) at Rs 153 per share. Promoter Aaryaman Trust sold 11 lakh shares (0.78%) at Rs 153 per share. Promoter Czaee Suketu sold 38.75 lakh shares (2.74%) at Rs 153 per share. Promoter Jadavdevi Suketu Trust sold 36.42 lakh shares (2.58%) at Rs 153 per share. Promoter Isarnan Steel and Minerals sold 8.96 lakh shares (0.63%) at Rs 153 per share. Promoter Bansri Shah sold 22.90 lakh shares (1.62%) at Rs 153 per share.
CarTrade Tech IPO subscribed 0.41 times on Day 1
Nuvoco Vistas IPO subscribed 0.16 times on Day 1
Chemplast Sanmar IPO at Rs 530-541/share price range opens for sale, to close Aug. 12
Keventer Agro Ltd. seeks Sebi approval for initial public offering. The company plans to raise as much as Rs 350 crore ($47 million) selling new shares in the IPO, while its shareholders will sell as many as 10.77 million shares in an offer-for-sale as part of the IPO, according to its initial prospectus.
Aptus Value Housing Finance at Rs 346-353/share opens for sale, to close Aug. 12. The company raises Rs 834 crore from IPO anchors. The company allotted 23.6 million shares to 36 IPO anchor investors at Rs 353 each. Anchor investors include Aberdeen, Nomura and Indian mutual funds Axis, DSP, Edelweiss.
Gemini Edibles & Fats India seeks approval for Rs 2,500 crore IPO
Who’s Meeting Whom
IIFL Finance: To meet Wardferry on August 11.
Indian Energy Exchange: To meet ITUS Capital on August 10 and IIFL AMC on August 12.
Ex-Date Final Dividend: Honeywell Automation India, ICICI Securities
Ex-Date Interim Dividend: IIFL Wealth Management
Ex-Date AGM: ICICI Securities, The South Indian Bank, Ramco Systems
Record Date Final Dividend: Welspun Corp, Alkem Laboratories
Record Date Interim Dividend: Hawkins Cookers, Coforge
Record Date Dividend: Graphite India
Move Into Short-Term ASM Framework: Hindustan Oil Exploration Company
Move Out Of Short-Term ASM Framework: GHCL
Move Into ASM Framework: Easy Trip Planners, Arihant Superstructures, New Delhi Television
Money Market Update
The rupee ended at 74.26 against the U.S. Dollar on Monday as compared to Friday's closing of 74.15.
Nifty August futures ended at 16,264, a premium of 5.75 points
Nifty August futures added 0.99%, and 2,432 shares in Open Interest
Nifty Bank August futures ended at 36,135, a premium of 106.05 points
Nifty Bank August futures added 0.24%, and 190 shares in Open Interest
Securities that continue to be on the ban list: Canara Bank, Indiabulls Housing Finance, Nalco, RBL Bank, SAIL, Sun TV