All You Need To Know Going Into Trade On January 13
Asia stocks were mixed Thursday after a U.S. inflation climbed at the fastest pace since 1982, intensifying calls for interest-rate increases as soon as March.
Shares rose in Hong Kong and fell in Japan. China was steady. U.S. futures fluctuated after the S&P 500 and the Nasdaq 100 ended higher Wednesday.
The Singapore-traded SGX Nifty, an early indicator of India's Nifty 50 Index's performance, rose 0.66% to 18,336.50 as of 7:30 a.m.
Elsewhere, oil rose amid signs of tighter supply. Bitcoin traded around $44,000
Earnings Post Market Hours
Tata Consultancy Services Q3FY22 (Consolidated, QoQ)
Revenue up 4.31% at Rs 48,885 crore Vs Rs 46,867 crore (BBG estimates: Rs 48,532.93 crore).
Net profit up 1.51% at Rs 9,769 crore Vs Rs 9,624 crore (BBG estimates: Rs 9,988 crore)
Ebit up 1.98% at Rs 12,237 crore Vs Rs 12,000 crore (BBG estimate: Rs 12,562 crore)
Margins at 25% Vs 25.6% (BBG estimate: 25.88%)
Approved Rs 18,000 crore buyback proposal
Declared interim dividend of Rs 7 per share
Wipro Q3FY22 (Consolidated, QoQ)
Revenue up 3.28% at Rs 20,313.6 crore Vs Rs 19,668.9 crore
Net profit up 2.25% at Rs 2,996.5 crore Vs Rs 2,930.6 crore
Ebit up 2.41% to Rs 3,575.2 crore Vs Rs 3,491 crore
Margins at 17.60% Vs 17.75%
Declared interim dividend of Rs 1 per share
Infosys Q3FY22 (Consolidated, QoQ)
Revenue up 7.65% at Rs 31,867 crore Vs Rs 29,602 crore (BBG Estimate: Rs 30,867.9 crore)
Net profit up 7.16% at Rs 5,809 crore Vs Rs 5,421 crore (BBG Estimate: Rs 5,744.65 crore)
Ebit up 7.34% at Rs 7,484 crore Vs Rs 6,972 crore (BBG Estimate: Rs 7,281 crore)
Margins at 23.5% Vs 23.6% (BBG Estimate: 23.58%)
Stocks To Watch
Tata Motors: Jaguar Land Rover retail sales continued to be constrained by the global semiconductor shortage in Q3. Retail sales declined 13.6% quarter-on-quarter to 80,126 vehicles. However, wholesale volumes were 69,182 units and production volumes were 72,184 units in the period (both excluding China JV), up 8% and 41% respectively compared to the Q2.
Cipla: The stockholders agreement between the company’s subsidiary InvaGen Pharmaceuticals and Avenue Therapeutics remains in force and InvaGen will continue to hold shares in Avenue.
Kotak Mahindra Bank: The bank’s board has passed a resolution allowing promoters’ voting rights in the bank to be capped at 26% going forward.
PB Fintech: The company has reached an annualised loan disbursal rate of $1.1 billion (excluding credit card issuance). The fintech disbursed Rs 695 crore in December 2021 across 668 cities in India.
Mastek: The company will consider payment of interim dividend on Jan. 19.
IndBank Merchant Banking Services: The company reported a total revenue of Rs 5.45 crore, up by 36.25% on sequential basis. Net profit of Rs 2.99 crore as compared to Rs 1.43 crore QoQ.
Titagarh Wagons: The company acquired infrastructure of erstwhile Precision Shipyard to expand its Ship-building business.
Sandhar Technlogies: The company has applied under the Production Linked Incentive scheme for Automobile and Auto Components Sector of the Ministry of Heavy Industries.
Nazara Technologies: To consider preferential issue of shares on Jan. 17.
Mindspace Business Parks REIT: Executive Committee to meet on Jan. 17 to consider raising upto Rs 500 crore through issue of debt securities.
Dixon Technologies: The company has signed the joint venture agreement with Rexxam for manufacturing of printed circuit boards for air-conditioners. JV has received approval under PLI scheme.
Earnings: Mindtree, CESC, Tata Metaliks, GTPL Hathway
Pledged Share Details
Centrum Capital: Promoter JBCG Advisory Services revoked a pledge of 65 lakh shares on Jan. 06. Promoter Businessmatch Services (India) revoked a pledge of 20 lakh shares on Nov. 15.
Solara Active Pharma Sciences: Promoter group Chayadeep Ventures revoked a pledge of 2 lakh shares on Jan. 04.
Arshiya: Promoter Archana A Mittal invoked a pledge of 50 lakh shares on Dec. 24.
NCC: KBC Eco Fund sold 32.18 lakh (0.52%) shares at Rs 75.21 apiece.
Tata Motors DVR: Rakesh Jhunjhunwala bought 12.50 lakh (0.24%) shares at Rs 255 apiece. Rare Enterprises sold 12.50 lakh shares (0.24%) at Rs 255 apiece.
Who’s Meeting Whom
DCM Shriram: To meet investors/analysts on Jan. 19
Maruti Suzuki: To meet investors/analysts on Jan. 13.
Tata Communications: To meet investors on Jan. 20.
CCL Products: To meet investors/analysts on Jan. 20.
Onward Technologies: To meet investors/analysts on Jan. 17.
Price Band Revised From 20% To 10%: Greaves Cotton, India Nippon Electricals
Move Into Short-Term ASM Framework: Texmaco Rail & Engineering, HCL Infosystems
Move Out Of Short-Term ASM Framework: Medicamen Biotech
Ex-Date Buyback: Ajanta Pharma
Ex-Date Amalgamation: Srikalahasthi Pipes
Money Market Update
The rupee ended at 73.9175 against the U.S. Dollar on Wednesday as compared to Tuesday's closing of 73.9113.
Nifty January futures ended at 18,227; a premium of 14.65 points.
Nifty January futures added 0.13% and 251 shares in Open Interest.
Nifty Bank January futures ended at 38,830; a premium of 112.8 points.
Nifty Bank January futures added 2.08% and 1,970 shares in Open Interest.
Securities in the ban list: RBL Bank, Delta Corp, Indiabulls Housing Finance, Vodafone Idea
Securities added to the ban list: Steel Authority of India.