All You Need To Know Going Into Trade On January 14
Asian stocks declined on Friday after several Federal Reserve officials hinted at aggressive steps to tackle the surge in inflation. The Nasdaq 100 fell to its lowest level since October.
Australian, Japanese and Korean equities fell. Contracts in the U.S were little-changed after American stocks tumbled Thursday, led by technology companies .
The Singapore-traded SGX Nifty, an early indicator of India's Nifty 50 Index's performance, fell 0.23% to 18,259 as of 7:10 a.m
Elsewhere, crude oil, copper and Bitcoin declined.
Earnings Post Market Hours
Mindtree Q3FY22 (Consolidated, QoQ)
Revenue up 6.33% at Rs 2,750 crore Vs Rs 2,586.20 crore
$ revenue up 4.7% at $366.4 million
Net profit up 9.68% at Rs 437.5 crore Vs Rs 398.9 crore
Ebit up 12.60% at Rs 528.9 crore Vs Rs 469.7
Margins at 19.2% Vs 18.2%
Tata Metaliks Q3FY22 (Consolidated, QoQ)
Revenue up 6.97% at Rs 689.80 crore Vs Rs 644.84 crore
Net profit down 34.73% at Rs 35.65 crore Vs Rs 54.62 crore
Ebit down 32.04% at Rs 67.82 crore Vs Rs 99.79 crore
Margin at 9.8% Vs 15.5%
Stocks To Watch
Reliance Industries: The company signed MoU for investment of Rs 5.95 lakh crore in Green Energy and other projects in Gujarat.
Titan Company: Public shareholder Rakesh Jhunjhunwala has increased his stake in the company to 4.02% in the quarter ended December, holding about 3,57,10,395 shares.
Tata Motors: The company's global wholesales in Q3, including Jaguar Land Rover, rose 2% to 2,85,445 units over Q3 FY21. Global wholesales of all Tata Motors’ commercial vehicles and Tata Daewoo range rose 14% YoY to 1,02,772 units. Global wholesales of all passenger vehicles declined 3% YoY to 1,82,673 units.
RPSG Ventures: The company has approved the issue of upto 30 lakh, 3% compulsorily Convertible Non-Cumulative Preference shares to Integrated Coal Mining Ltd at Rs 780 per share for an aggregate value of Rs 234 crore on private placement basis.
IRCON: The company has incorporated a subsidiary and joint venture company Ircon Renewable Power Ltd as Special Purpose Vehicle (with 76% shareholding of Ircon International Ltd and 24% shareholding of Ayana Renewable Power Pvt Ltd) for setting up of 500 MW Grid Connected Solar PV Project awarded by Indian Renewable Energy Development Agency Ltd.
Datamatics: The company has entered a long-term strategic partnership with PSI Services.
Somany Ceramics: Allotted 94,782 equity shares to the eligible shareholders of SchabIona India in proportion of their respective shareholding in SIL i.e. 3 equity shares of Rs 2 each of the company for every 100 shares of Rs 4 each held in Schablona India Ltd., pursuant to the scheme of amalgamation with the company.
EaseMyTrip: The company has recommended bonus issue of equity Shares in the proportion of 1:1.
Orient Electric: The company will consider declaration of interim dividend on Jan. 20.
Visaka Industries: The company will consider declaration of interim dividend on Jan. 22.
Earnings To Watch:
Pledged Shares Details
Max Financial Services: Promoter Max Ventures Investment Holdings revoked a pledge of 35,000 shares on Dec. 12.
Apollo Hospitals Enterprise: Promoter Suneeta Reddy revoked a pledge of 5.85 lakh shares on Dec. 11.
Sanghi Industries: Promoter Group Ravi Sanghi revoked a pledge of 78.66 lakh shares on September 22, 2021.
Reliance Industrial Infrastructure: XTX Markets LLP bought 99,313 (0.65%) shares at Rs 958.04 apiece.
GTL Infrastructure: IDBI Trusteeship Services sold 35 crore (2.79%) shares between the price of Rs 2.03 - 2.04 apiece.
Whose Meeting Whom
PNB Housing: To meet investors on Jan. 20.
HDFC: To meet investors/analysts on Jan. 15.
ICICI Prudential: To meet investors/analysts on Jan. 18.
Persistent Systems: To meet investors/analysts on Jan. 21.
Syngene International: To meet investors/analysts on Jan. 20.
Shopper’s Stop: To meet investors/analysts on Jan. 21.
Cyient: To meet investors/analysts on Jan. 20.
Price Band Revised From 10% To 5%: Ajmera Realty & Infrastructure India
Price Band Revised From 20% To 10%: Dollar Industries
Record Date Buyback: Ajanta Pharma
Ex-Date Demerger: Motherson Sumi Systems
Move Into Short-Term ASM Framework: Coffee Day Enterprises, Pearl Global Industries
Move Out Of Short-Term ASM Framework: Jaiprakash Power Ventures
Money Market Update
The rupee ended at 73.88 against the U.S. Dollar on Thursday as compared to Wednesday's closing of 73.91.
Nifty January futures ended at 18,289.60; a premium of 31.8 points.
Nifty January futures added 2.54% and 5,095 shares in Open Interest.
Nifty Bank January futures ended at 38,577; a premium of 107.05 points.
Nifty Bank January futures shed 8.72% and 8,413 shares in Open Interest.
Securities in the ban list: Indiabulls Housing Finance, Vodafone Idea, SAIL.
Securities removed from the ban list: RBL Bank, Delta Corp.