All You Need To Know Going Into Trade On June 21

Asian stocks slid Monday after traders soured on the reflation trade in the wake of a hawkish pivot by the Federal Reserve. A gauge of the dollar was steady.

Equities fell in Japan, Australia and South Korea. The Singapore-traded SGX Nifty, an early indicator of India's Nifty 50 Index’s performance, fell 1.01% at 15,591 as of 7 a.m.

The Nikkei 225 dropped as much as 3%, the biggest slide in more than a month. U.S. futures slipped after the S&P 500 retreated Friday, when commodities such as copper dropped and the dollar touched a two-month high on the prospect of less accommodative U.S. monetary policy.

The 10-year yield declined to 1.42% and the 30-year rate dipped below 2%. Short-maturity yields surged after Fed official James Bullard said inflation risks may warrant higher interest rates next year, an earlier liftoff than penciled in by many of his colleagues.

Gold stabilised after slumping last week. Oil climbed to about $72 a barrel as talks between world powers and Iran dragged on, potentially delaying the return of the latter’s energy exports.

In a light week for economic data, traders will be paying close attention to appearances by Fed policy makers, including Chair Jerome Powell, for any guidance on the winding back of stimulus. In his comments, Bullard also said that the central bank has started discussing tapering asset purchases.

Earnings Post Market Hours

NTPC Q4FY21 (Consolidated, QoQ)

• Revenue up 9% at Rs 30,102.60 crore Vs Rs 27,526.03 crore

• Net profit up 21% at Rs 4,541.79 crore Vs Rs 3,766.46 crore

• Ebitda down 11% at Rs 7,773.08 crore Vs Rs 8,740.86 crore

• Ebitda margin at 25.8% Vs 31.8%

• Recommended a final dividend of Rs 3.15 per share.

Insecticides India Q4FY21 (Consolidated, QoQ)

• Revenue down 15% at Rs 255.60 crore Vs Rs 299.17 crore

• Net profit up 2.55 times at Rs 21.78 crore Vs Rs 6.14 crore

• Ebitda up 90% at Rs 28.68 crore Vs Rs 15.07 crore

• Ebitda margin at 11.2% Vs 5%

Ashoka Buildcon Q4FY21 (Consolidated, QoQ)

• Revenue up 33% at Rs 1,735.56 crore Vs Rs 1,305.48 crore

• Net profit up 61% at Rs 142.45 crore Vs Rs 88.44 crore

• Ebitda up 15% at Rs 479.88 crore Vs Rs 416.26 crore

• Ebitda margin at 27.6% Vs 31.9%

• Total order book of the stood at Rs8,167 Crore

Hinduja Global Solutions Q4FY21 (Consolidated, QoQ)

• Revenue up 7% at Rs 1,563.58 crore Vs Rs 1,456.84 crore

• Net profit up 74% at Rs 131.25 crore Vs Rs 75.37 crore

• Ebitda up 14% at Rs 234.19 crore Vs 206.26 crore

• Ebitda margin at 15% Vs 14.2%

• Capital expenditure for the quarter was Rs 41.4 crore

• Recommended a final dividend of Rs 22 per share

GMR Infrastructure Q4FY21 (Consolidated, QoQ)

• Revenue up 57% at Rs 2,320.53 crore Vs Rs 1,481.03 crore

• Net loss at Rs 725.47 crore Vs Rs 1,119.11 crore

• Ebitda up 6.5 times at Rs 843.81 crore Vs Rs 112.43 crore

• Ebitda margins at 36.4% Vs 7.6%

Timken India Q4FY21 (QoQ)

• Revenue up 24% at Rs 475.36 crore Vs Rs 383.03 crore

• Net profit up 42% at Rs 52.93 crore Vs Rs 37.18 crore

• Ebitda up 29% at Rs 86.85 crore Vs Rs 67.07 crore

• Ebitda margin at 18.3% Vs 17.5%

• Recommended final dividend of Rs 1.5 per share

Dhani Services Q4FY21 (Consolidated, QoQ)

• Revenue down 26% at Rs 239.43 crore Vs Rs 325.53 crore

• Net loss at Rs 164.49 crore Vs Rs 76.33 crore

• Ebitda loss at Rs 80.11 crore Vs Ebitda gain of Rs 47.59 crore

Stocks To Watch

• Centrum Capital: Reserve Bank of India has granted in-principle approval to Centrum Financial Services to set up a small finance bank. The in-principle approval was given after Centrum Financial Services, in partnership with Bharat Pe, submitted an expression of interest for PMC Bank. The SFB will be guided by the directions and timelines of the RBI on the amalgamation of Punjab & Maharashtra Co-Operative Bank.

• HDFC Bank: To buy 4.99% stake in HDFC Ergo from Housing Development Finance Corporation for Rs 1,906.43 crore. HDFC Bank to buy the 3.56 crore shares at Rs 536 per share. Transaction to be concluded on an arm's length basis as HDFC Bank is a related party for HDFC Ltd. Transaction to require regulatory approval from IRDAI and RBI. Further the bank has recommended a dividend of Rs 6.50 per share for FY21. The record date for the same is June 30.

• PNB Housing Finance: SEBI has put PNB Housing Finance's preferential issue on hold. The markets regulator found that the valuation of shares undertaken by the company was "ultra vires" of Articles of Association. Preferential issue shall not be acted upon till the company undertakes the valuation of shares from an independent registered valuer, SEBI said. PNB Housing Finance said it is evaluating further steps.

• Reliance Jio Infocomm Ltd. added the most active users among peers in March as it snapped two straight months of decline. Jio added 7.3 million regularly paying subscribers, according to data released by TRAI. Bharti Airtel Ltd added 4.8 million such subscribers in March against the six-month average of 4.5 million. Vodafone Idea Ltd lost 0.4 million against an average decline of 1.4 million in the last six months.

• Phillips Carbon Black: Commissioned 8 MW power plant at Mundra in Gujarat.

• Adani Power: The Committee of Creditors of Essar Power MP Ltd, a company undergoing insolvency resolution under the Insolvency and Bankruptcy Code, has approved the resolution plan submitted by Adani Power. EPMPL owns a 1,200 MW power plant in Singrauli District, Madhya Pradesh. The closure of the transaction will be subject to obtaining necessary approval from the NCLT and satisfaction of conditions precedent under the resolution plan.

• NBCC (India): Has awarded the work order for construction of residential towers and civic amenities at Karkardooma in New Delhi on TOD Norms, EPC mode to NCC Ltd at their quoted price of Rs 859.84 crore.

• Bharat Heavy Electricals Ltd: Crisil has downgraded the rating on the long-term bank facilities of the company from AA/Negative to AA-/Negative. The rating on the short-term facilities has been reaffirmed at A1+.

• ICICI Bank: S&P has reaffirmed bank’s rating at BBB- and has changed the outlook from negative to stable. According to the rating agency, ICICI Bank's capitalisation will remain strong over the next 24 months, aided by better earnings and profit from sale of stake in subsidiaries.

• Jammu & Kashmir Bank: Appointed Pratik Punjabi as Chief Financial Officer of the Bank for a period of three year. Punjabi to replace Rajni Saraf as CFO.

• Fine Organic Industries: Made an investment by way of acquisition of 22,500 ordinary shares at a par value of THB 100 per share in the new joint venture company, Fine Organic Industries (Thailand).

• Elgi Equipments: To sell a property of Pattons Inc, USA, a material subsidiary of the company.

• Earnings: Oil India, Bharat Dynamics, Info Edge (India), HBL Power Systems, Jaiprakash Associates, MM Forgings, Pearl Global Industries, Pokarna, Rico Auto Industries, SP Apparels, TCNS Clothing Co, VST Tillers Tractors

IPO Watch

• Dodla Dairy IPO gets 45.6 times demand for shares offered

• KIMS Hospitals gets 3.9 times demand for shares on sale

• India Pesticides sets Rs 290-296/share Range for Rs 800 crore issue.

Pledge Share Details

• Chambal Fertilisers & Chemicals: Promoter Zuari Global revoked pledge of 3 lakh shares on June 16.

• JSW Holdings: Promoter Siddeshwari Tradex created a pledge of 8.75 lakh shares on June 17.

• Tilaknagar Industries: Promoter Amit Dahanukar revoked pledge of 15.50 lakh shares between June 11-15.

• Zee Learn: Promoter Essel Media Ventures invoked pledge of 1 crore shares on June 15.

• Zee Media Corporation: Promoter 25FPS Media invoked pledge of 1.60 crore shares on June 15.

As reported on June 18.

Bulk Deals

• SBI Cards and Payment Services: CA Rover Holdings sold 50 lakh shares (0.53%) at Rs 1,003.27 per share, sold 55.84 lakh shares (0.59%) at Rs 1,002 per share, sold 1.84 crore shares (1.96%) at Rs 1,002.01 per share and sold another 1.90 crore shares (2.02%) at Rs 1,002.38 per share. Morgan Stanley Asia (Singapore) Pte bought 54.09 lakh shares (0.58%) at Rs 1,002 per share.

• Computer Age Management Services: Vanguard Emerging Markets Stock Index Fund bought 3.48 lakh shares (0.71%) Rs 2,781.82 per share.

• Capacite Infraprojects: Promoter Rahul Katyal sold 10 lakh shares (1.47%) at Rs 202 per share. Promoter Rohit Katyal sold 13.04 lakh shares (1.92%) at Rs 202 per share. Asutosh Trade Links sold 11.89 lakh shares (1.75%) at Rs 202 per share. Think India Opportunities Master Fund Lp bought 34.93 lakh shares (5.15%) at Rs 202 per share.

• KNR Constructions: SBI Mutual Fund bought 47.63 lakh shares (1.69%) at Rs 223 per share. Promoter Kamidi Yashoda sold 20 lakh shares (0.71%) at Rs 223.04 per share. Promoter Mereddy Rajesh Reddy sold 20 lakh shares (0.71%) at Rs 223 per share.

Insider Trades

• Advanced Enzyme Technologies: Promoter Advanced Vital Enzymes sold 31.15 lakh shares between June 16-17.

• Asian Granito India: Promoter Kamleshkumar Patel sold 1.50 lakh shares on June 17.

• Aarti Industries: Promoter Sarla Shah sold 5,000 shares on June 14.

• GHCL: Promoter Ram Krishna Dalmia Foundation sold 5,000 shares on June 16.

• KEI Industries: Promoter Anil Gupta sold 4 lakh shares on June 16.

• Kabra Extrusiontechnik: Promoter Kolsite Industries bought 3,000 shares between June 15-16.

Block Deals

• HEG: Promoter Bharat Investments Growth bought 70,000 shares (0.18%) at Rs 2,060 per share. Promoter Purvi Niyojan bought 70,000 shares (0.18%) at Rs 2,060 per share. Promoter Jhunjhunwala Rita sold 70,000 shares (0.18%) at Rs 2,060 per share. Promoter Rishabh Jhunjhunwala sold 70,000 shares (0.18%) at Rs 2,060 per share.

Who’s Meeting Whom

• Gati: To meet ITI Mutual Fund and Ambit Capital on June 22.

• Mahindra Logistics: To meet Wellington Management on June 22 and Burman Family Holdings on June 24.

• Magma Fincorp: To meet International Finance Corporation on June 21.

• Radico Khaitan: To meet Elo Pension Fund on June 21 and Principal AMC and First State Investors on June 22.

• Tata Motors: To meet Nomura on June 22.

Trading Tweaks

• Ex-Date Interim Dividend: Info Edge (India)

• Ex-Date Final Dividend: Supreme Industries

• Ex-Date AGM: JSW Holdings, Angel Broking

• Ex-Date Stock Split: GG Engineering

• Record Date Final Dividend: Balkrishna Industries

• Price Band Revised From 10% To 5%: Sarda Energy & Minerals

• Move Into Short-Term ASM Framework: Nahar Spinning Mills, Ador Welding

• Move Out Of Short-Term ASM Framework: DB Realty, HSIL, Jaiprakash Power Ventures, RattanIndia Power

• Move Into ASM Framework: Jaiprakash Power Ventures, RattanIndia Power, Dwarikesh Sugar Industries, Globus Spirits, Bajaj Hindusthan Sugar, Parsvnath Developers

• Move Out Of ASM Framework: Suven Pharmaceuticals, Genus Power Infrastructures, Prism Johnson, Ganesh Housing Corporation, Jain Irrigation Systems

Money Market Update

• The rupee ended at 73.87 against the U.S. Dollar on Friday as compared to Thursday's closing of 74.

F&O Cues

• Nifty June futures ended at 15,727.50; premium of 44.15 points.

• Nifty June futures shed 11.55% and 15,252 shares in Open Interest

• Nifty Bank June futures ended at 34,714; premium of 156 points

• Nifty Bank June futures shed 3.67% and 2,183 shares in Open Interest

• Securities added to ban list: Sun TV

• Securities removed from ban list: Canara Bank, Escorts

• Securities that continue to be in ban list: Adani Ports, Bharat Heavy, Punjab National Bank