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All You Need To Know Going Into Trade On January 7

Stocks in the news, big brokerage calls of the day, complete trade setup and much more!

<div class="paragraphs"><p>A worker holds coffee cherries during a harvest. [A worker holds coffee cherries during a harvest]</p></div>
A worker holds coffee cherries during a harvest. [A worker holds coffee cherries during a harvest]

Asian stocks and U.S. futures rose as markets rebounded from Thursday's selloff.

Shares climbed in Australia, South Korea and Japan. S&P 500 futures saw modest gains.

The Singapore-traded SGX Nifty, an early indicator of India's Nifty 50 Index's performance, rose 0.22% to 17,858.50, as of 7:00 a.m

Elsewhere, oil held near a seven-week high on supply constraints. Gold and Bitcoin were little changed.

All You Need To Know Going Into Trade On January 7
Opinion
Ramesh Damani Expects Two Key Sectors To Get Bulk Of Capex

Earnings Post Market Hours

Anand Rathi Wealth Q3FY22 (Consolidated, QoQ)

  • Revenue up 4% at Rs 105.69 crore Vs Rs 101.72 crore

  • Net profit up 5% at Rs 32.02 crore Vs Rs 30.44 crore

  • Declared interim dividend of Rs 5 per share which will be credited/dispatched to the shareholders by February 4.

Opinion
Godrej Consumer Q3 Update: Pricing Drives Sales, Volumes Fall Amid Higher Prices

Stocks to Watch

  • Titan Company: The company witnessed strong demand across its consumer businesses in Q3 and clocked 36% growth over the festive quarter last year.

  • Godrej Consumer Products: The company saw low volume growth and dilution in its margins in Q3 hurt by high prices. It expects gross margins to fall YoY in Q3 due to unprecedented cost inflation, although it will still be higher than Q2. Consolidated sales growth in the quarter is expected to be close to high single-digit. In India, the company expects to deliver close to high single-digit sales growth, largely driven by pricing.

  • Reliance Industries: Reliance Retail Ventures invested $200 million (about Rs 1,490 crore) in Dunzo for 25.8% stake.

  • HFCL: The company has appointed Andrew Westerman as the Vice-President of International Sales, Communication Products, Rajesh Jain as the Executive President of the EPC Projects Business and Santanu Bhattacharyya as the Vice President and Head of FPGA Engineering.

  • Ujjivan Small Finance Bank: Gross loan book rose 15% in Q3 to Rs 16,600 crore over the preceding quarter. Total deposits grew 10% QoQ to Rs 15,600 crore. CASA ratio at 26% versus 22% in the previous quarter. These are provisional numbers.

  • Hinduja Global Solutions: The company declared a dividend of Rs 150 per share and bonus share in 1:1 proportion. It also increased the authorised share capital from Rs 27.65 crore shares to Rs 80 crore shares. Consequently, equity share capital increased from 2.75 crore to 7.98 crore of Rs 10 each.

  • Macrotech Developers: The company reported the highest pre-sales in last 12 quarters at Rs 2,608 crore. Collections were Rs 2,127 crore in Q3, up 44% on a YoY basis. It also raised Rs 4,000 crore through QIP during the quarter. Net debt for India business has reduced to Rs 9,925 crore.

  • Adani Enterprises: NTPC has awarded contract to the company for supply of 1 MMT of imported coal to its various power plants.

  • NHPC: In pact with Gedcol for 500 mw floating solar projects

  • Sundaram Multi Pap: Wins order for 9,000 educational content permits

  • Zee Learn: Spring Ventures buys 5 million Zee Learn shares in bulk deal

Opinion
Titan Q3 Update: Sales Rise Aided By Festive And Wedding Season Demand

Upcoming Results

  • Future Consumer: Promoter Future Capital Investment invoked a pledge of 2.57 crore shares on Dec. 30.

  • Future Retail: Promoter Future Corporate Resources invoked a pledge of 62.2 lakh shares on Dec. 30.

Opinion
Reliance Invests $200 Million In Dunzo To Enter Rapid Delivery

Pledged Share Details

  • Future Consumer: Promoter Future Capital Investment invoked a pledge of 2.57 crore shares on Dec. 30.

  • Future Retail: Promoter Future Corporate Resources invoked a pledge of 62.2 lakh shares on Dec. 30.

Opinion
17 States Receive Rs 9,871 Crore In Revenue Deficit Grant

Insider Trades

  • Zee Media Corporation: Promoter Group Asian Satellite Broadcast bought 13.50 crore shares on Jan. 05.

Opinion
India Rate Hikes Inevitable as Inflation Surges, Nomura Says

Bulk Deals

  • Zee Learn: Spring Ventures bought 50 lakh (1.53%) shares at Rs 19.57 apiece. IndusInd Bank sold 71.32 lakh (2.19%) shares at Rs 17.77 apiece. Morgan Stanley Asia (Singapore) sold 47.69 lakh (1.46%) shares at Rs 18.44 apiece.

  • Orient Green Power Company: Axis Bank sold 52 lakh (0.69%) shares at Rs 23.77 apiece.

  • GTL Infrastructure: IDBI Trusteeship Services sold 8.20 crore (0.65%) shares at Rs 2.45 apiece.

Trading Tweaks

  • Ex-date Bonus Issue: Indian Metals & Ferro Alloys.

  • Record Date Interim Dividend: Mazagon Dock Shipbuilders.

Who’s Meeting Whom

  • Motherson Sumi Systems: To meet investors on Jan. 7.

  • Antony Waste Handling Cell: To meet investors/analysts on Jan. 7.

  • APL Apollo Tubes: To meet shareholders and creditors on Feb. 8 to consider scheme of amalgamation.

Opinion
Number of Nasdaq Stocks Down 50% or More Is Almost at a Record

Money Market Update

The rupee ended at 74.49 against the U.S. Dollar on Thursday as compared to Wednesday's closing of 74.36

Opinion
India’s Dispute With Devas Spooks Foreign Investors, Lawyer Says

F&O Cues

  • Nifty January futures ended at 17,799.75; a premium of 53.85 points.

  • Nifty January futures added 8.44% and 17,333 shares in Open Interest.

  • Nifty Bank January futures ended at 37,585; a premium of 94.75 points.

  • Nifty Bank January futures shed 2.79% and 2,624 shares in Open Interest.

  • Securities added to the ban list: RBL Bank

All You Need To Know Going Into Trade On January 7

Top Research Reports

Opinion
Goldman Bullish on Commodities, Seeing Years-Long Supercycle