All You Need To Know Going Into Trade On June 23

Asian stocks were steady early Wednesday after reassuring comments on inflation and monetary policy from Federal Reserve officials. The dollar and Treasury yields held declines.

Japanese and South Korean stocks fluctuated, while Australian shares retreated. The Singapore-traded SGX Nifty, an early indicator of India's Nifty 50 Index’s performance, rose 0.33% at 15,821.50 as of 7:15 a.m.

U.S. equity contracts edged up after the S&P 500 climbed a second day as Chair Jerome Powell reiterated his views that inflation pressures will be transitory even after a notable increase in recent months.

Oil traded around $73 a barrel after an industry report pointed to another decline in U.S. crude stockpiles. Bitcoin rebounded from a tumble below $30,000.

Earnings Post Market Hours

NMDC Q4FY21 (Consolidated, QoQ)

• Revenue up 57% at Rs 6,847.57 crore Vs Rs 4,355.10 crore

• Net profit up 35% at Rs 2,835.54 crore Vs Rs 2,108.05 crore

• Ebitda up 53% at Rs 4,240.27 crore Vs Rs 2,766.77 crore

• Ebitda margin at 61.9% Vs 63.5%

Bharat Electronics Q4FY21 (Consolidated, QoQ)

• Revenue up 1.98 times at Rs 6,917.47 crore Vs Rs 2,320.39 crore

• Net profit up 3.92 times at Rs 1,368.09 crore Vs Rs 278.05 crore

• Ebitda up 3.34 times at Rs 1,980.90 crore Vs Rs 456.22 crore

• Ebitda margin at 28.6% Vs 19.7%

• Recommended a final dividend of Rs 1.20 per share

Sobha Q4FY21 (Consolidated, QoQ)

• Revenue down 19% at Rs 553.40 crore Vs Rs 684.40 crore

• Net profit down 17% at Rs 17.90 crore Vs Rs 21.60 crore

• Ebitda down 16% at Rs 149.70 crore Vs Rs 178.60 crore

• Ebitda margin at 27.1% Vs 26.1%

• Recommended dividend of Rs 3.50 per share

Centrum Capital Q4FY21 (Consolidated, QoQ)

• Revenue up 20% at Rs 144.43 crore Vs Rs 120.29 crore

• Net loss at Rs 11.71 crore Vs Rs 16.02 crore

• Ebitda up 38% at Rs 63.82 crore Vs Rs 46.09 crore

• Ebitda margin at 44.2% Vs 38.3%

• Approved up to Rs 1500 crore fund raising plan

Ashapura Minechem Q4FY21 (Consolidated, QoQ)

• Revenue down 9% at Rs 319.65 crore Vs Rs 349.70 crore

• Net profit up 16% at Rs 33.78 crore Vs Rs 29.23 crore

• Ebitda up 27% at Rs 47.43 crore Vs Rs 37.38 crore

• Ebitda margin at 14.8% Vs 10.7%

• Recommended final dividend of Re 0.50 per share

Pledge Share Details

• Asian Granito India: Promoter Kamleshkumar Patel HUF revoked pledge of 72,310 shares on June 19.

• Jindal Steel & Power: Promoter Siddeshwari Tradex created a pledge of 54 lakh shares on June 17.

  As reported on June 22.

Bulk Deals

• 3i Infotech: Srei Multiple Asset Investment Trust sold 84.92 lakh shares (0.53%) at Rs 11.48 per share.

• Central Depository Services (India):

• Godrej Agrovet: Promoter Godrej Industries bought 9.76 lakh shares (0.51%) at Rs 570 per share.

• Greenlam Industries: Promoter Greenply Leasing & Finance bought 1.35 lakh shares (0.56%) at Rs 1,150 per share. Promoter Saurabh Mittal sold 1.35 lakh shares (0.56%) at Rs 1,150 per share.

Insider Trades

• Adani Ports and SEZ: Promoter Worldwide Emerging Market Holding bought 7 lakh shares on June 21.

• Adani Green Energy: Promoter Infinite Trade and Investment bought 14.20 lakh shares on June 21.

• Asian Granito India: Promoters (Kamleshkumar Patel and Mukeshbhai Patel) sold 5.67 lakh shares between June 18-21.

• Capacite Infraprojects: Promoters (Rohit Katyal, Rahul Katyal and Asutosh Trade Links) sold 34.93 lakh shares on June 18.

• Ultramarine & Pigments: Promoters (Sridhar Sundararajan HUF and Kala Sundarvedha) sold 7,000 shares on June 21.

• Valiant Organics: Promoter Dhanvanti Gala sold 6,493 shares on June 21.

Block Deals

• HEG: Promoter Giltedged Industrial Securities bought 1.04 lakh shares (0.27%) at Rs 2,105 per share. Promoter Rishabh Jhunjhunwala sold 1.04 lakh shares (0.27%) at Rs 2,105 per share. Promoter Purvi Vanijya Niyojan bought 50,000 shares (0.13%) at Rs 2,275 per share. Promoter Riju Jhunjhunwala sold 50,000 shares (0.13%) at Rs 2,275 per share.

Who’s Meeting Whom

• Computer Age Management Services: To meet Duro Capital on June 24, and Trident Capital and Janchor Partners on June 25.

• Escorts: To meet Point72 Asset Management on June 25.

• Heranba Industries: To meet Bharti AXA on June 23.

• Indian Energy Exchange: To meet Motilal AMC on June 23, ICICI Prudential Life on June 25, and Alliance Bernstein on June 30.

Trading Tweaks

• Ex-Date Dividend: Adani Total Gas, Adani Ports and SEZ, Vinati Organics, Torrent Power

• Ex-Date Stock Split: Inventure Growth & Securities

• Price Band Revised From 10% To 5%: Globus Spirits, Srei Infrastructure Finance

• Move Into Short-Term ASM Framework: Crisil

• Move Out Of Short-Term ASM Framework: Alok Industries, Skipper, Hindustan Construction Company, Reliance Industrial Infrastructure

• Move Into ASM Framework: Hikal, Panacea Biotec, Reliance Industrial Infrastructure, Nectar Lifesciences, Reliance Capital, Somany Ceramics

Money Market Update

• 
  Indian sovereign bond traders will await the results of a Rs 36,000 crore ($4.8b) Treasury-bill sale later on Wednesday. Market participants will weigh comments by Fed Chair Jerome Powell that recent price increases are likely to be short-lived.

  • 10-year yields little changed at 6.03% on Tuesday

  • USD/INR rose 0.4% to 74.3650 on Tuesday

    • Implied opening from forwards suggest spot may start trading around 74.23

F&O Cues

• Nifty June futures ended at 15,757; discount of 15.75 points.

• Nifty June futures shed 23.75% and 25,280 shares in Open Interest

• Nifty Bank June futures ended at 34,758.70; premium of 13.7 points

• Nifty Bank June futures shed 20.03% and 10,816 shares in Open Interest

• Securities that continue to be in ban list: Sun TV and Vodafone Idea