All You Need To Know Going Into Trade On January 18

Most Asian stocks advanced as investors weighed the economic recovery from the pandemic.

Shares climbed in Japan and Australia but wavered in South Korea. Nasdaq 100 and S&P 500 futures were broadly steady. U.S. markets will reopen later following a holiday.

The Singapore-traded SGX Nifty, an early indicator of India's Nifty 50 Index's performance, was little changed at 18,343 as of 7:30 a.m

The yen pared a drop ahead of the Bank of Japan rate decision. The monetary authority is expected to sit tight on accommodative policy while bumping up its inflation projection.

Elsewhere, oil climbed as geopolitical tensions stirred in the Middle East. In cryptocurrencies, Bitcoin fell back to around $42,000 and is down about 10% so far in 2022.

Tata Steel Long Products

• Revenue up 22.95% at Rs 1,677.22 crore Vs Rs 1,364.17 crore

• Net profit down 65.87% at Rs 103.88 crore Vs Rs 304.39 crore

• EBITDA down 41.39% at Rs 261.04 crore Vs Rs 445.39 crore

• Tata Power: Tata Power Renewable Energy commissioned two Solar Power projects of 50 MW each at Prayagraj, and Banda in Uttar Pradesh.

• Tech Mahindra: The company acquired Com Tec Co IT for Rs 2,627.97 crore including earnouts and synergy linked payouts. It is also investing a cumulative amount of Rs 169.55 crore, in SWFT and Surance, for a 25% ownership in each of the two InsurTech ventures funded by the same founding group as CTC.

• IIFL Finance: The company will consider interim dividend on Jan. 27.

• Indian Energy Exchange: The company has executed a Share Purchase Agreement by and between IEX, Indian Oil Corporation and Indian Gas Exchange, subsidiary of the IEX, for sale of 4.93% stake in IGX to IOCL consisting of 36,93,750 equity shares, having a face value of Rs. 10 each.

• HFCL: The company reported consolidated revenue of Rs 1215.21 crore, up by 8.29% in Q3 on sequential basis. Net profit fell 5.81% as compared to previous quarter to Rs 81.10 in Q3. EBITDA margin fell 110 bps at 14.32% in Q3. It will also expand capacity of Optical Fibre and Optical Fibre cable to 22 mfkm/p.a and o 34.75 mfkm/p.a respectively with a cumulative investment of Rs 425 crore.

• Care Edge: The company will consider declaration of interim dividend on Jan. 28.

• Cholamandalam Investment and Finance: The company has signed a Shareholders Agreement and a Share Purchase Agreement with Payswiff, its founders and other existing shareholders to make a strategic investment not exceeding Rs 450 crore. It will hold up to 72.12% of the equity capital of Payswiff on a fully diluted basis and Payswiff consequently will become a subsidiary of the company.

• Tatva Chintan Pharma Chem: The company’s revenue from operations stood at Rs 104.6 crore in Q3, up by 31% YoY. Net profit for for the quarter rose 9% YoY and stood at Rs 22.80 crore.

• Dilip Buildcon: The construction of four lanes of Yavatmal to Wardha section of NH-361 in Maharashtra under NHDP Phase -IV on Hybrid Annuity mode has been completed.

• Bosch: The company has appointed Karin Gilges as the Chief Financial Officer.

• Hathway: Revenue falls 10.75% at Rs 163.12 crore as compared to Rs 182.76 crore sequentially. Net profit also fell from Rs 11.31 crores in Q2 to Rs 9.98 crore in Q3.

• Angel One: The company reported total income of Rs 607.1 crore in Q3, up by 12.8% sequentially. Net profit rose 22.6% to Rs 164.6 crore for Q3 on sequential basis. It also announced third interim dividend of Rs 7 per share.

• Goodluck India: The company reported highest ever quarterly turnover and profit of Rs.705.80 crore and Rs. 20.16 crore respectively. EBITDA per ton for Q3 stood at Rs. 6,557 as against Rs. 5,251 on a sequential basis.

• MosChip Technologies: The company reported income from operations at Rs 38.29 crore. Profit after tax was up by 32% to Rs. 2.11 crore sequentially. EBIDTA increased from Rs. 5.83 crores to Rs 6.38 crores, an increase by 9% QoQ.

• PTC Industries: Allotment of 20 hectares of land by UPEIDA to company’s wholly owned subsidiary Aerolloy Technologies in the Lucknow node of the UP Defence Industrial Corridor. The Company intends to set up fully integrated material manufacturing capabilities of all exotic materials, including Titanium, Cobalt, and Nickle Superalloys, at this facility with the total peak manufacturing capacity of 5,000 tonnes per annum.

• Strides: The company received USFDA approval for Oseltamivir Phosphate for Oral Suspension. The product is bioequivalent and therapeutically equivalent to the Reference Listed Drug, Tamiflu for Oral Suspension, 6 mg/mL, of Hoffmann-La Roche.

• Nesco: The company will pursue process of voluntary liquidation of its wholly owned subsidiary Nesco Hospitality.

• KPI Global Infrastructure: Announced second interim dividend of Rs 0.4 per share.

• Vikas Lifecare: The company’s lates acquisition Genesis Gas Solutions received orders totalling Rs 5.5 crore for supplying 40,800 natural gas meters, and for laying pipeline and commissioning of meter (last mile connectivity) from Aavantika Gas Limited, a joint venture of GAIL and Hindustan Petroleum under the Ministry of Petroleum and Natural Gas.

Earnings: Tata Elxsi, Trident, Bajaj Finance, DCM Shriram, Den Networks, ICICI Prudential Life Insurance, ICICI Securities, Just Dial, L&T Technology Services, Network18 Media & Investments, TV18 Broadcast, Newgen Software Technologies

Max Financial Services: Promoter Max Ventures Investment Holdings revoked a pledge of 90,000 shares between Jan. 13 and Jan. 14.

• SBI Card: To meet investors and analysts on Jan. 24.

• Vedanta: To meet investors and analysts on Jan. 25.

• Shriram Transport Finance: To meet investors and analysts on Jan. 28.

• Cipla: To meet investors and analysts on Jan. 25.

• Happiest Minds: To meet investors and analysts on Jan. 31.

• GE T&D India: To meet SBI Mutual Fund and Nippon Mutual Fund on Jan. 18.

• AU Small Finance: To meet investors and analysts on Jan. 28.

• HDFC Life: To meet investors and analysts on Jan. 21.

• Century Textiles: To meet investors on Jan. 20.

• Ganesh Housing: To meet investors and analysts on Jan. 13.

• Finotex: To meet investors and analysts on Jan. 19.

• HiTech Pipes: To meet investors and analysts on Jan. 21.

• EKI Energy Services: To meet investors and analysts on Jan. 19.

• Coffee Day Enterprises: DSP Investment Managers sold 28,26,540 (1.33%) shares at Rs 70.2 apiece.

• GTL Infrastructure: IDBI Trusteeship Services sold 38.88 crore (3.1%) shares between the price of Rs 2.30 - Rs 2.32 apiece.

• Price Band Revised From 10% To 5%: Deepak Fertilizers & Petrochemicals

• Price Band Revised From 20% To 10%: Coffee Day Enterprises, Gujarat Mineral Development Corporation

• Price Band Revised From 5% To 20%: InfoBeans Technologies

• Price Band Revised From 5% To 10%: Praj Industries

• Record Date Interim Dividend: Info Edge, Hinduja Global Solutions

• Move Into Short-Term ASM Framework: Oriental Hotels

• Move Out Of Short-Term ASM Framework: Black Box

The rupee ended at Rs 74.24 against the U.S. Dollar on Monday as compared to Friday’s closing of 74.15.

• Nifty January futures ended at 18,339.90; a premium of 31.8 points.

• Nifty January futures added 0.94% and 1,899 shares in Open Interest.

• Nifty Bank January futures ended at 38,361.05; a premium of 144.9 points.

• Nifty Bank January futures shed 0.99% and 870 shares in Open Interest.

• Securities in the ban list: Escorts, Indiabulls Housing Finance, SAIL, Vodafone Idea.

• Securities added to the ban list: Granules.

• HDFC Bank Q3 Review - Superior Credit Quality; Core Fee Income Drags Earnings: ICICI Securities

• Deep Dive Into India Kitchen Appliance Industry - Organised Players Gaining Share: Dolat Capital

• Defence Sector Check - Increased Budgetary Allocation, Focus On Indigenisation: ICICI Securities

• Escorts - Cyclical Risks To Restrict Outperformance In Near-Term: Nirmal Bang Initiates Coverage