All You Need To Know Going Into Trade On August 11

Asian stocks saw modest gains Wednesday, following their U.S. peers higher as investors assessed the ability of the economy to sustain less stimulus and rising virus outbreaks.

Shares rose in Japan and Australia and retreated in South Korea. U.S. futures were little changed. Earlier, the S&P 500 climbed to an all-time high, while the tech-heavy Nasdaq 100 declined. Chip stocks slipped, while energy shares rallied.

The Singapore-traded SGX Nifty, an early indicator of India's Nifty 50 Index’s performance, climbed 0.13% to 16,298.50 as of 7:20 a.m.

Crude oil bounced back from a three-week low on bets that the global demand recovery will remain intact despite the fast-spreading delta virus variant.

Elsewhere, Bitcoin was back above $45,000 amid renewed fervor for the digital coin. A change to cryptocurrency reporting rules in the infrastructure bill was blocked in the Senate, leaving language for broad oversight of virtual currencies in the legislation.

Earnings Post Market Hours

Power Grid Corporation of India Q1FY22 (Standalone, QoQ)

• Revenue down 2% at Rs 9,776.62 crore Vs Rs 9,942.49 crore

• Net profit up 73% at Rs 6,085.41 crore Vs Rs 3,515.61 crore

• Ebitda down 2% at Rs 8,572.36 crore Vs Rs 8,747.19 crore

• Margin at 87.7% Vs 88%

Lupin Q1FY22 (Consolidated, QoQ)

• Revenue up 13% at Rs 4,270.10 crore Vs Rs 3,783.10 crore

• Net profit up 18% at Rs 542.40 crore Vs Rs 460.30 crore

• Ebitda up 35% at Rs 964.60 crore Vs Rs 717.10 crore

• Margin at 22.6% Vs 19%

Godrej Agrovet Q1FY22 (Consolidated, QoQ)

• Revenue up 36% at Rs 1,992.78 crore Vs Rs 1,462.48 crore

• Net profit up 87% at Rs 105.98 crore Vs Rs 56.59 crore

• Ebitda up 51% at Rs 169.54 crore Vs Rs 112.24 crore

• Margin at 8.5% Vs 7.7%

Siemens Q3FY21 (Standalone, QoQ)

• Revenue down 19% at Rs 2,708 crore Vs Rs 3,354.30 crore

• Net profit down 51% at Rs 161.50 crore Vs Rs 328.30 crore

• Ebitda down 48% at Rs 228.30 crore Vs Rs 441.4 crore

• Margin at 8.4% Vs 13.2%

• New orders from continuing operations stood at Rs 4,341 crore

• Order backlog stands at Rs 14,267 crore

IRB Infrastructure Developers Q1FY22 (Consolidated, QoQ)

• Revenue up 1% at Rs 1,625.72 crore Vs Rs 1,605.84 crore

• Net profit down 26% at Rs 71.90 crore Vs Rs 97.46 crore

• Ebitda down 8% at Rs 699.88 crore Vs Rs 760.08 crore

• Margin at 43.1% Vs 47.3%

Zomato Q1FY22 (Consolidated, QoQ)

• Revenues up 22% at Rs 844.4 crore Vs Rs 692.4 crore

• Ebitda loss at Rs 376.5 crore Vs Rs 153.5 crore

• Loss at Rs 356.2 crore Vs Rs 130.8 crore

Cochin Shipyard Q1FY22 (Consolidated, QoQ)

• Revenue down 70% at Rs 329.42 crore Vs Rs 1,080.31 crore

• Net profit down 88% at Rs 28.65 crore Vs Rs 236.21 crore

• Ebitda down 92% at Rs 20.93 crore Vs Rs 257.51 crore

• Margin at 6.4% Vs 23.8%

Prestige Estates Projects Q1FY22 (Consolidated, QoQ)

• Revenue down 38% at Rs 1,415.8 crore Vs Rs 2,268.10 crore

• Net profit down 96% at Rs 57.30 crore Vs Rs 1,336.30 crore

• Ebitda down 37% at Rs 345.40 crore Vs Rs 550.4 crore

• Margin at 24.4% Vs 24.3%

• Recommended final dividend of Rs 1.5 per share

• Approved issuance of NCDs for an aggregate amount of up to Rs 1,000 crore on Private placement basis.

Trent Q1FY22 (Consolidated, QoQ)

• Revenue down 46% at Rs 491.99 crore Vs Rs 905.54 crore

• Net loss at Rs 138.29 crore Vs Net profit of Rs 17.44 crore

• Ebitda loss at Rs 43.13 crore Vs Ebitda gain of Rs 123.77 crore

Stocks To Watch

• SBI Life Insurance Company: The company is liable to refund Rs 84 crore plus interest amounting to Rs 27 crore with effect from July 11, 2017, for its Supersuraksha Life Insurance Policy on orders of the Insurance Regulatory and Development Authority of India, according to an exchange filing. The company is examining legal remedies after the Supreme Court upheld the IRDAI order on July 26, 2021. For Dhanaraksha Life Insurance Policy, SBI Life was originally directed to refund a sum of Rs 275 crore.

• Ujjivan Small Finance Bank: Restructured book at Rs 769 crore as of June 30. Provisions on book at Rs 1,149 crore. MicroBanking GNPA at 11.6%, Affordable Housing GNPA at 4.5% and MSE GNPA at 11.6%.

• Rattanindia Enterprises: To make a strategic investment in U.S.-based Matternet, an urban drone logistics platform. With this investment, REL has forayed into the deep-tech Unmanned Aerial Vehicle industry.

• Capacite Infraprojects: The company’s orderbook stood at Rs 8,871 crore as on June 30. 61% of the orderbook comprised of public sector orders and 39% comprised of private sector orders.

• GMR Infrastructure: Board to meet on August 13 to consider raising up to Rs 6,000 crore in one or more tranches through issue of securities including a QIP and/or FCCBs.

• Insecticides (India): Closed buyback on August 10. The company bought back 9.35 lakh equity shares, at an average price of Rs 525.35 per equity share, for an aggregate amount of Rs 49.16 crore.

• Chalet Hotels: Appointed Milind Wadekar as Chief Financial Officer effective August 10.

• Karnataka Bank: The bank is in the process of upgrading its technological platforms and is proposed to undertake tech migration activity between August 14-17. Even though all the necessary alternate arrangement is put in place to ensure normal banking operations during this period, the probability of unanticipated technical glitches can’t be totally ruled out, the bank said.

• Earnings: Bata India, Pidilite Industries, Cadila Healthcare, Bajaj Electricals, Cummins India, Aster DM Healthcare, CESC, CreditAccess Grameen, Endurance Technologies, IDFC, Equitas Holdings, Gujarat State Fertilizers & Chemicals, HEG, India Cements, Indoco RemediES, ISGEC Heavy Engineering, Force Motors, The New India Assurance Company, Garware Technical Fibres, GE Power India, PNC Infratech, Greaves Cotton, Ambika Cotton Mills, Aptech, Ashiana Housing, Antony Waste Handling Cell, Bannari Amman Sugars, BF Utilities, Evexia Lifecare, GFL, GIC Housing Finance, Gufic Biosciences, Hindustan Foods, JBM Auto, Kanoria Chemicals & IndustrieS, Khadim India, Kirloskar Oil Engines, Kolte-Patil Developers, Lemon Tree Hotels, Likhitha Infrastructure, Lumax Auto Technologies, VIP Industries, Marksans Pharma, Suprajit Engineering, MAS Financial Services, Mukand, National Peroxide, Nesco, Novartis India, Punjab Alkalies & Chemicals, Praj Industries, PTC India, Punjab Chemicals And Crop Protection, Renaissance Global, Rhi Magnesita India, RPSG Ventures, Rupa & Company, Safari Industries (India), Saurashtra Cement, SMC Global Securities, Sterling Tools, Stovec Industries, Take Solutions, Texmaco Infrastructure & Holdings, Texmaco Rail & Engineering, Thangamayil Jewellery, Ugro Capital, Ultramarine & Pigments, VA Tech Wabag, Wim Plast

Pledge Share Details

• JSW Energy: Promoter JSW Investments revoked pledge of 12.40 lakh shares on August 6.

  As reported on August 10.

Bulk Deals

• Dynamatic Technologies: Promoter Udayant Malhoutra sold 96,719 shares (1.53%) at Rs 1,616.38 per share. Promoter Wavell Investment sold 1.53 lakh shares (2.42%) at Rs 1,619.54 per share. Madhuri Madhusudan Kela bought 44,700 shares (0.70%) at Rs 1,618.88 per share. Abakkus Emerging Opportunities Fund – 1 bought 1.25 lakh shares (1.97%) at Rs 1,617 per share.

Insider Trades

• JSW Energy: Promoters (Urmila Kanoria and Narmada Fintrade) bought 30,000 shares on August 4.

• Kotak Mahindra Bank: Promoter Janak Desai sold 3,000 shares between August 9-10.

• Shiva Cement: Promoter Anushree Jindal bought 88,000 shares between August 4-5.

IPO Watch

• Tarsons Products Ltd. seeks to raise as much as Rs 150 crore ($20.2 million) selling new shares, while its shareholders plan to sell as many as 1.32 crore shares in an offer-for-sale as part of the initial public offering, according to its draft prospectus. The Kolkata-based supplier of labware products to life sciences industry may consider a pre-IPO private placement of up to Rs 30 crore worth of shares.

• API Holdings Pvt., owner of India’s largest online pharmacy PharmEasy, is considering a initial public offering that could raise as much as $1 billion, according to people familiar with the matter.

• Chemplast Sanmar IPO subscribed 0.16 times on Day 1

• Aptus Value Housing Finance IPO subscribed 0.24 times on Day 1

• Nuvoco Vistas Corp.'s initial public offering continued to see muted demand on the second day of share sale. The IPO was subscribed 0.29 times as of 5 p.m. on August 10.

• Retail investor interest in Warburg Pincus and Temasek-backed CarTrade Tech Ltd.'s initial public offering picked up on the second day of subscription. The IPO was subscribed 0.99 times as of 5 p.m. on August 10.

Who’s Meeting Whom

• CRISIL: To meet ASK Investment on August 12 and White Oak on August 13.

Trading Tweaks

• Ex-Date AGM: Delta Corp, HLV, City Union Bank, The Ramco Cements, Pfizer, Ramco Industries, Voltas

• Ex-Date Interim Dividend: Castrol India, Varun Beverages

• Ex-Date Final Dividend: City Union Bank

• Ex-Date Dividend: Kotak Mahindra Bank, Pfizer, Voltas

• Ex-Date Special Dividend: Pfizer

• Ex-Date Income Distribution: IRB InvIT Fund

• Record Date Final Dividend: Honeywell Automation India

• Record Date Interim Dividend: IIFL Wealth Management

• Price Band Revised From 10% To 5%: Dhampur Sugar Mills

• Move Into Short-Term ASM Framework: Venus Remedies, Future Consumer

• Move Out Of Short-Term ASM Framework: Mahindra Logistics

• Move Into ASM Framework: Jindal Stainless (Hisar)

Money Market Update

• The rupee ended at 74.43 against the U.S. Dollar on Tuesday as compared to Monday's closing of 74.26.

F&O Cues

• Nifty August futures ended at 16,270.40, a discount of 9.7 points.

• Nifty August futures added 2.45%, and 6,099 shares in Open Interest.

• Nifty Bank August futures ended at 36,129.35, a premium of 95.25 points.

• Nifty Bank August futures added 9.50%, and 7,438 shares in Open Interest.

• Securities that continue to be on the ban list: Canara Bank, Indiabulls Housing Finance, Nalco, RBL Bank, SAIL, Sun TV.

• Securities added to the ban list: Punjab National Bank.