All You Need To Know Going Into Trade On January 24

Asian stocks fell Monday and U.S. equity futures rebounded as traders weighed concerns about tightening Federal Reserve monetary policy.

Shares fell in Japan, South Korea and Australia after one of the worst stretches for global shares last week since the pandemic began. Gains in S&P 500 and Nasdaq 100 contracts held out the hope of some respite. The dollar was steady.

The Singapore-traded SGX Nifty, an early indicator of India's Nifty 50 Index's performance, fell 0.84% to 17,489.50 as of 7:30 a.m.

The Fed on Wednesday is expected to signal a March liftoff in interest rates and balance-sheet reduction later this year to help fight inflation.

In the volatile cryptocurrency sector, bruised Bitcoin stabilized around $36,000 in the wake of a plunge over the past three days. Digital coins have shed more than $1 trillion in value since a November high.

Meanwhile, traders are monitoring U.S.-Russia tension over Ukraine.

Earnings Post Market Hours

Reliance Industries Q3 FY22 (Consolidated, YoY)

• Revenues up 57% at Rs 1,85,047 crore vs Rs 1,17,860 crore (Bloomberg Estimate: Rs 1,75,000 crore)

• Net profit up 41.6% at Rs 18,549 crore vs Rs 13,101 crore (Bloomberg Estimate: Rs 15,046.7 crore)

• Ebitda up 37.7% at Rs 29,706 crore vs Rs 21,566 crore (Bloomberg Estimate: Rs 28380.4 crore)

• Ebitda margins at 16.1% vs 18.3% (Bloomberg Estimate: 16.2%)

Reliance Jio (Standalone, QoQ)

• Revenues up 3.3% at Rs 19,347 crore vs Rs 18,735 crore (Bloomberg estimate: Rs 19,387 crore)

• Net profit rose 2.4% to Rs 3,615 crore vs Rs 3,528 crore (Bloomberg estimate: Rs 3,860 crore)

• Ebitda up 2.4% at Rs Rs 4,847 crore vs Rs 4,731 crore

• Ebitda margins at 26.1% vs 26.3%

JSW Steel Q3 FY22 (Consolidated, QoQ)

• Revenues up 17.1% at Rs 38,071 crore vs Rs 32,503 crore (Bloomberg estimate: Rs 36,796.9 crore)

• Net profit down 39.2% at Rs 4,357 crore vs Rs 7,170 crore (Bloomberg estimate: Rs 4,872.9 crore)

• Ebitda down 12.3% at Rs 9,132 crore vs Rs 10,417 crore (Bloomberg estimate: Rs 9,415.3 crore)

• Margins at 23.9% vs 32.0% (Bloomberg estimate: 25.6%)

Vodafone Idea Q3 FY22 (Consolidated, QoQ)

• Revenues up 3.3% at Rs 9,717.3 crore vs Rs 9406.4 crore (Bloomberg estimate: Rs 9,772.5 crore)

• Net loss at Rs 7,230.9 crore vs Net loss of Rs 7132.3 cr (Bloomberg estimate: Net loss Rs 6998 crore)

• Ebitda down 1.2% at Rs 3,816.5 crore vs Rs 3,862.9 crore (Bloomberg estimate: Rs 4037.6 crore)

• Ebitda margins at 39.3% vs 41.1% (Bloomberg estimate: 41.3%)

ICICI Bank Q3 FY22 (Consolidated)

• Net Profit: Rs 6194 crore vs Rs 4940 crore (YoY) (Bloomberg Estimate: Rs 5,800 crore)

• NII: Rs 12,236 crore vs Rs 9912 crore (YoY)

• GNPA: 4.13% vs 4.82% (QoQ)

• NNPA: 0.82% vs 0.99% (QoQ)

Yes Bank Q3 FY22 (Consolidated)

• Net Profit: Rs 266.43 crore vs Rs 151 crore (YoY) (Bloomberg estimate: Rs 128 crore)

• NII: 1764 crore vs Rs 2560 crore (YoY)

• GNPA: 14.65% vs 15% (QoQ)

• NNPA: 5.29% vs 5.5% (QoQ)

L&T Finance Holding Q3 FY22 (Consolidated, YoY)

• NII down 6% at Rs 1,563.91 crore crore vs Rs 1,661 crore

• Net profit down 12% at Rs 325.99 crore vs Rs 290.66 crore

Gland Pharma Q3 FY22 (Consolidated, YoY)

• Revenues up 24% at Rs 1,063.32 crore vs Rs 859.42 crore

• Net profit up 34% at Rs 273.03 crore vs Rs 204.10 crore

• Ebitda up 34.19% at Rs 321.07 crore vs Rs 239.26 crore

• Ebitda margins at 30.2% vs 27.8%

Bandhan Bank Q3 FY22 (Consolidated)

• NII up 3% at Rs 2,124.7 crore vs Rs 2,071.73 crore (YoY)

• Net profit up 36% at Rs 858.97 crore vs Rs 632.59 crore (YoY)

• GNPA at 10.81% vs 10.82% (QoQ)

• NNPA at 3.01% vs 3.04% (QoQ)

Share India Securities Q3 FY22 (Consolidated)

• NII up 108% at Rs 195.31 crore vs Rs 93.82 crore (YoY)

• Net profit up 178% at Rs 48.96 crore vs Rs 17.61 crore (YoY)

• The company approved dividend of Rs 2 per share.

INOX Q3 FY22 (Consolidated, YoY)

• Revenues up 1,892% at Rs 296.47 crore vs Rs 14.88 crore

• Net loss down 101% at Rs 1.32 crore vs Rs 102.78 crore

• Ebitda down 171.22% at Rs 57.97 crore vs Rs 81.39 crore (negative)

• Ebitda margins at 19.55% vs -546.98%

Stocks To Watch

• PTC India: The company has called for a third party audit of allegations related to board appointments at subsidiary PTC India Financial.

• Birla Corporation: The company inaugurated the Mukutban integrated cement plant, the the largest greenfield investment of Rs 2,744 crore by the company, taking its cement business to 2 crore tons annually.

• Philips Carbon Black: To consider proposal for sub-division of the Equity shares of the Company having a face value of Rs. 2 each and alteration of authorised capital on Feb. 9.

• Oil and Natural Gas Corporation: ONGC Videsh has into the development stage of a major gas discovery in Brazil with the submission of Declaration of Commerciality. The company holds 25% participating interest of the block.

• Arshiya: The company received NCLT approval of the demerger between Arshiya and Arshiya Rail Infrastructure.

• Inox Leisure: The company has approved a scheme of merger of Shouri Properties with Inox Leisure Ltd.

• FDC: FDC was granted ANDA approval by United States Food and Drug Administration for an antibiotic, Ofloxacin Otic Solution, 0.3%.

Earnings To Watch

HDFC Asset Management, Axis Bank, SBI Cards and Payment, Services, Shriram Transport Finance, Steel Strips, Supreme Industries, Ramco Cements, Burger King, Deepak Nitrite, Indian Energy Exchange, IIFL Securities, Kirloskar Ferrous, IndiaMart InterMesh, Zensar Technologies, Meghmani Finchem, Oriental Hotels, Greenpanel Industries, GRM Overseas, Apollo Pipes, Apollo Tricot Tubes, CERA Sanitaryware, Craftsman Automation, Chennai Petroleum, Quick Heal Technologies, Sudarshan Chemicals

Pledged Shares Details

• Orchid Pharma: Promoter Dhanuka Laboratories revoked a pledge of 1.20 crore shares on Jan. 19.

• Solara Active Pharma Sciences: Promoter Pronomz Ventures LLP created and revoked a pledge of 1 lakh shares on Nov. 11, 2021.

Who's Meeting Whom

• Supreme Industries: To hold a conference call with investors and analysts on Jan. 24.

• Burger King India: To meet investors and analysts on Jan. 25.

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

• UTI Asset Management: To meet investors and analysts on Jan. 29.

• Vakrangee: To meet investors and analysts on Jan. 24.

• SRF: To meet investors and analysts on Jan. 27.

• CG Power and Industrial Solutions: To meet investors and analysts on Jan. 27.

Trading Tweaks

• Price Band Revised From 20% To 10%: HSIL.

• Record Date Interim Dividend: Wipro.

• Ex-Date Interim Dividend: CESC, K.P.I. Global Infrastructure, DCM Shriram.

• Move Out Of Short-Term ASM Framework: Pearl Global Industries, Coffee Day Enterprises.

Money Market Update

The rupee ended at 74.42 against the U.S. Dollar on Friday as compared to Thursday's closing of 74.50.

F&O Cues

• Nifty January futures ended at 17,647.9; a discount of 156.2 points.

• Nifty January futures shed 3% and 5,164 shares in Open Interest.

• Nifty Bank January futures ended at 37,740.85; a discount of 237 points.

• Nifty Bank January futures shed 6.93% and 4,931 shares in Open Interest.

• Securities that continue to be on the ban list: BHEL, Escorts, Indiabulls Housing Finance, Vodafone Idea.

• Securities added to the ban list: National Aluminium.

• Securities removed from the ban list: Granules India.

• SBI Life Q3 Review: Current Product Mix Leaves Room For Margin Expansion: Nirmal Bang

• HDFC Life Q3 Review: Stable Quarter: Nirmal Bang

• ICICI Bank Q3 Review: Evolution From A Benchmark Follower To A Settler: Motilal Oswal

• Reliance Industries Q3 Review: Going From Strength To Strength: IDBI Capital

• RIL Q3 Review: Strong Results Across Verticals: Prabhudas Lilladher

• Inox Leisure Q3 Review: Healthy Growth Expected In Long Run: IDBI Capital

• Persistent System Q3 Review: Growth Metrics On Track, Momentum To Continue: Dolat Capital

• Reliance Jio Q3 Review - A Tad Soft: Dolat Capital