All You Need To Know Going Into Trade On January 20
Stocks in the news, big brokerage calls of the day, complete trade setup and much more!
Asian stocks declined Thursday following a retreat in U.S. equities.
Shares were volatile in Japan and fell in South Korean and Australia. U.S. contracts wavered after the S&P 500 swung between gains and losses before closing down 1%. An ongoing shift away from technology shares left the Nasdaq Composite in correction territory, more than 10% off a November high.
The Singapore-traded SGX Nifty, an early indicator of India's Nifty 50 Index's performance, fell 0.44% to 17,898 as of 7:20 a.m.
Elsewhere, crude oil fell and bitcoin hovered around $41,700.
Post Market Hour Earnings
ICICI Lombard General Insurance- Q3FY2022 -Consolidated (QoQ)
Revenue up 1% at Rs 3,854 crore Vs 3,808 crore
Net profit down 29% to Rs 318 crore Vs Rs 447 crore (Bloomberg estimate : Rs 403 crore profit)
Ebitda at Rs 273 crore Vs Rs 457 crore, down 40%
Margin at 7.1% vs 12%
EPS at Rs 6.47 vs Rs 9.11 (Bloomberg estimate : 3.69)
Bajaj Auto - Q3FY2022 - Consolidated (QoQ)
Revenues up 3% at Rs 9,021 crore vs Rs 8762 crore (Bloomberg estimate estimate - Rs 9,027 crore)
Net profit falls 5% at Rs 1,214 crore vs Rs 1,275 crore (Bloomberg estimate estimate : Rs 1621 crore)
Ebitda down 2% at Rs1372 crore vs Rs 1,401 crore (Bloomberg estimate estimate: Rs 1,365 crore)
EBITDA margins at 15.1% vs 16%
L&T Infotech – Q3FY2022 – Consolidated (QoQ)
Revenue up 10% at Rs 4,137.6 crore Vs 3,767 crore
$ Revenue up 8.7% at $427.8 million
Net profit up 11% to Rs 612 crore Vs Rs 551.5 crore
Ebitda at Rs 742.6 Vs 648.2 crore, up 15%
Margins at 17.9% Vs 17.2%
EPS at Rs 34.95 Vs Rs 31.5
The company has approved a scheme of amalgamation for merger of its three wholly-owned subsidiary companies namely, PowerUpCloud Technologies, Lym bye Solutions and Cuelogic Technologies with itself.
Tata Communications – Q3FY2022 – Consolidated (QoQ)
Revenue up 2% at Rs 1,657.7 crore Vs 1,628.17 crore
Net profit down 10% to Rs 225.51 crore Vs Rs 251.57 crore
Ebitda at Rs 275.77 crore Vs 302.78 crore, down 9%
Margins at 16.6% Vs 18.6%
EPS at Rs 7.91 Vs Rs 8.83
Rallis India Q3FY22 (Consolidated, YoY)
Revenue up 10% at Rs 628.08 crore Vs Rs 570.47 crore
Net profit down 13% at Rs 39.56 crore Vs Rs 45.64 crore
Ebitda up 12% at Rs 67.40 crore Vs Rs 60.12 crore
Margin at 10.7% Vs 10.5%
CEAT Q3FY22 (Consolidated, YoY)
Revenue up 9% at Rs 2,413.27 crore Vs Rs 2,221.25 crore
Net loss at Rs 20.01 crore Vs Net profit of Rs 132.14 crore
Ebitda down 59% at Rs 134.12 crore Vs Rs 327.66 crore
Margin at 5.6% Vs 14.8%
Syngene International Q3FY22 (Consolidated, YoY)
Revenue up 10% at Rs 641.40 crore Vs Rs 584.50 crore
Net profit up 2% at Rs 104 crore Vs Rs 102.20 crore
Ebitda up 10% at Rs 183.5 crore Vs Rs 167.3 crore
Margin at 28.6%
Oracle Financial Services Software Q1FY22 (Consolidated, QoQ)
Revenue down 1% at Rs 1,266.33 crore Vs Rs 1,280.97 crore
Net profit down 3% at Rs 435.34 crore Vs Rs 447.55 crore
EBIT down 7% at Rs 561.03 crore Vs Rs 604.85 crore
Margin at 44.3% Vs 47.2%
Stocks To Watch
Power Finance: The company has transferred its wholly owned subsidiaries Karur Transmission and Khavda-Bhuj Transmission to Adani Transmission.
IFCI: To consider preferential share issue to government on Jan. 25.
TVS Motor: The company globally announced the launch of its motorcycle TVS Star HLX 150 Disc Variant in Egypt.
HCL Technologies: Appointed Prabhakar Appana as Senior Vice President and the Global Head of its AWS Ecosystem Business unit.
TCI Express: The company will consider declaration of second interim dividend on Jan. 28.
Kirloskar Ferrous: The company will consider declaration of interim dividend on Jan. 24.
CCI Products: Declared interim dividend of Rs 3 per share of nominal value of Rs 2.
Earnings: Hindustan Unilever, Asian Paints, Bajaj Finserv, Bajaj Holdings & Investment, Havells India, Biocon, Mphasis, Persistent Systems, PNB Housing Finance, Hatsun Agro Product, Container Corporation Of India, Cyient, Reliance Industrial Infrastructure, Century Textiles & Industries, Datamatics Global Services, Agro Tech Foods, Bank of Maharashtra, Orient Electric, Dodla Dairy, Khaitan Chemicals & Fertilizers, PCBL, Sasken Technologies, Shoppers Stop, South Indian Bank, VST Industries
Bulk Deals
Vedanta: Citi Bank sold 38.28 lakh (1.02%) shares at Rs 314.65 apiece.
HSIL: Okoworld Growing Markets 2.0 bought 4.21 lakh (0.65%) shares at Rs 300.64 apiece.
Pricol: Aditya Birla Sun Life Mutual Fund Pure Value Fund bought 10 lakh (1.05%) shares at Rs 126.5 apiece. Vramath Financial Services sold 10 lakh (1.05%) shares at Rs 127.89 apiece.
Pledged Shares Details
Cholamandalam Financial Holdings: Promoter Group Lakshmi Ramaswamy Family Trust created a pledge of 1.25 lakh shares on Nov. 29, 2021.
Aurobindo Pharma: Promoter Group Axis Clinicals, Trident Chemphar, and RPR Sons Advisors revoked a pledge of 31.06 lakh shares on Jan. 18.
Who’s Meeting Whom
Kotak Mahindra: To meet investors and analysts on Jan. 28.
Kajaria: To meet investors and analysts on Jan. 21.
Shemaroo Entertainment: To meet investors and analysts on Jan. 25.
Infibeam Avenues: To meet investors on Jan. 31.
Dabur: To meet investors and analysts on Feb. 3.
Sanghi Cement: To meet Invesco Mutual Fund on Jan. 20.
Gokaldas Exports: To meet investors and analysts on Jan. 24.
Equitas: To meet investors and analysts on Jan. 31.
Trading Tweaks
Move Out Of Short-Term ASM Framework: Minda Industries, Filatex India, Poonawalla Fincorp, Greaves Cotton, Indo Rama Synthetics (India), India Nippon Electricals, Kitex Garments
Record Date Interim Dividend: Tata Consultancy Services
Ex-Date Interim Dividend: HCL Technologies, Railtel Corporation of India
Ex-Date Dividend: Siemens
Ex-Date Right Issue: Wardwizard Innovations & Mobility
Money Market Update
The rupee ended at Rs 74.43 against the U.S. Dollar on Wednesday as compared to Tuesday’s closing of 74.58.
F&O Cues
Nifty January futures ended at 17,975.50; a premium of 37.1 points.
Nifty January futures shed 5.31% and 10,345 shares in Open Interest.
Nifty Bank January futures ended at 38,176.35; a premium of 135 points.
Nifty Bank January futures shed 12.2% and 10,978 shares in Open Interest.
Securities in the ban list: BHEL, Escorts, Indiabulls Housing Finance, SAIL, Vodafone Idea, Granules