All You Need To Know Going Into Trade On May 12
Glasses of Indian spiced chai tea sit at the feet of men resting in the cabin of a truck in New Delhi, India. (Photographer: Prashanth Vishwanathan/Bloomberg)

All You Need To Know Going Into Trade On May 12

Asian stocks and U.S. equity futures fell Wednesday after a drop on Wall Street amid concern that faster inflation and the surge in commodities could test the recovery from the pandemic.

Stocks slid in Japan, South Korea and Australia. U.S. contracts retreated after the S&P 500 declined for a second day following a record high Friday.

The Singapore-traded SGX Nifty, an early indicator of India's Nifty 50 Index’s performance, was little changed at 14,836.00 as of 7:05 a.m.

The weaker dollar boosted oil, helping to offset the effects of rising inventories in the U.S. Gulf Coast in response to the Colonial Pipeline shutdown.

Copper traded near a record, and the Bloomberg Commodity Spot Index hovered around the highest levels in almost a decade. A commodity exchange in China raised trading limits and margin requirements as authorities try to temper prices after a scorching rally in industrial commodities.

All You Need To Know Going Into Trade On May 12

Data To Watch

  • 5:30 pm: India April Consumer Price Inflation YoY; estimate 4.10%, Prior 5.52%
  • 5:30 pm: India March Industrial Production YoY; estimate 20.0%, Prior -3.6%

Stocks To Watch

  • Mahindra & Mahindra: Expects Q1 volumes to fall by 15-20% over last quarter as second Covid wave impacts business. The revenue and profitability will be impacted in line with the fall in volumes, the company said. It expects a temporary impact on the demand for vehicles and tractors from the second wave. A global shortage of chips used in vehicles has also hurt production.
  • PC Jeweller: SEBI bars founder Balram Garg, 4 others from the securities market on alleged insider trading
  • Davangere Sugar: Approves rights issue of shares
  • NTPC: Gets exemption to use Drone for survey at Jharkhand mine
  • Dr Reddy's Laboratories: Has entered into a voluntary licensing agreement with Eli Lilly and Company for the manufacture and commercialisation of the drug, Baricitinib, in India. Baricitinib has received restricted emergency use approval from the Central Drugs Standard Control Organization for use in combination with Remdesivir for the treatment of Covid-19 patients.
  • Godrej Consumer Products: Appointed Sudhir Sitapati as MD & CEO for a period of five years with effect from October 18, 2021. Nisaba Godrej to continue serving as executive chairperson.
  • 3M India: Has suspended manufacturing operations at the Bangalore plant till May 14 on state Covid order.
  • ABB Power Products and Systems India: Has closed its manufacturing facility in Peenya, Bangalore on state Covid order.
  • Graphite India: To keep operations in the IGE division in Ambad, Nashik shut till May 23.
  • Infosys: Has announced a strategic collaboration with Britvic to accelerate their digital strategy. Infosys will provide end-to-end IT services and deliver a technology-driven approach to fulfil Britvic’s business goals and strategic digital transformation roadmap.
  • CG Power and Industrial Solutions: Board has approved allotment of 1.38 crore shares, at Rs 73.10 each aggregating to Rs 101 crore, for consideration other than cash i.e. for settlement of liability of the company under the guarantee issued by it to Standard Chartered Bank (Singapore).
  • Nifty Earnings: UPL, Asian Paints
  • Non-Nifty Earnings: Pidilite Industries, Apollo Tyres, Tata Power, Voltas, Jindal Steel & Power, JSW Ispat Special Products, Birla Corporation, Borosil Renewables, Happiest Minds Technologies, HG Infra Engineering, Mahindra Lifespace Developers, Dwarikesh Sugar Industries, Avadh Sugar & Energy, GRM Overseas, Kennametal India, Lupin, Orient Electric, Prince Pipes And Fittings, Sagar Cements, Saregama India, Shanthi Gears, Sonata Software, Vaibhav Global

IPO Watch

  • Insurance Service Provider Medi Assist Healthcare files for IPO
  • Blackstone-Owned Sona BLW gets SEBI approval for Rs 6,000 crore IPO

Also read: Bharti Airtel Beats Reliance Jio To Add Most Active Users For Third Straight Month

Earnings Post Market Hours

Godrej Consumer Products Q4FY21 (Cosolidated, QoQ)

  • Revenues down 11% at Rs 2,730.74 crore Vs Rs 3,055.42 crore
  • Net profit down 27% at Rs 365.84 crore Vs Rs 502.08 crore
  • Ebitda down 21% at Rs 549 crore Vs Rs 693.45 crore
  • Margins at 20.1% Vs 22.7%

Siemens Q2FY21 (Standalone, QoQ)

  • Revenues up 16% at Rs 3,354.30 crore Vs Rs 2,901.10 crore
  • Net profit up 13% at Rs 328.30 crore Vs Rs 290 crore
  • Ebitda up 23% at Rs 483.70 crore Vs Rs 392.6 crore
  • Ebitda margins at 14.42% Vs 13.53%

BASF India Q4FY21 (QoQ)

  • Revenues up 12% at Rs 2,805.50 crore Vs Rs 2,506.50 crore
  • Net profit down 52% at Rs 55.80 crore Vs Rs 115.10 crore
  • Ebitda down 9% at Rs 219.2 crore Vs Rs 239.8 crore
  • Ebitda margins at 7.8% Vs 9.6%
  • Has recommended a special dividend of Rs 5 per share. This is in addition to a final dividend of Rs 5 per share for FY21.

KEC International Q4FY21 (Consolidated, QoQ)

  • Revenue up 33% at Rs 4,360.54 crore Vs Rs 3,289.23 crore
  • Net profit up 34% at Rs 194.3 crore Vs Rs 145.07 crore
  • Ebitda up 19% at Rs 354.55 crore Vs Rs 298.68 crore
  • Ebitda margins at 8.1% Vs 9.1%
  • Recommended a dividend of Rs 4 per share

Pledge Share Details

  • JSW Steel: Promoters (Sahyog Holdings, Vividh Finvest and JSW Techno Projects Management) revoked pledge of 21.98 lakh shares between May 5-6.
  • Wockhardt: Promoter Themisto Trustee Company revoked pledge of 20 lakh shares between May 7-10.
    As reported on May 11.

Bulk Deals

  • Reliance Infrastructure: IndusInd Bank sold 72.40 lakh shares (2.75%) at Rs 49.83 per share.
  • Astec Lifesciences: Promoter Godrej Agrovet bought 2 lakh shares (1.02%) at Rs 1,199.76 per share. Ashok Hiremath sold 2 lakh shares (1.02%) at Rs 1,200 per share.
  • Evexia Lifecare: MCG Investments sold 3.25 lakh shares (0.53%) at Rs 148 per share.
  • Karda Constructions: MCG Investments bought 3.50 lakh shares (0.57%) at Rs 137 per share.

Who's Meeting Whom

  • Crisil: To meet Rare Enterprises and White Oak Capital on May 13, and ICICI Prudential Life Insurance on May 17.
  • Titan Company: To meet Fidelity Management Research, Japan on May 12 and Alchemy Capital on May 14.

Trading Tweaks

  • Ex-Date Special Dividend: Gillette India
  • Ex-Date Interim Dividend: NCL Industries
  • Ex-Date AGM: R Systems International, Unitech
  • Record Date Special Dividend: Procter & Gamble Hygiene and Health Care
  • Record Date Interim Dividend: Laurus Labs
  • Record Date Stock Split: Alkyl Amines Chemicals
  • Move Into Short-Term ASM Framework: Igarashi Motors India, Sun Pharma Advanced Research Company, South Indian Bank, Kingfa Science & Technology (India), Expleo Solutions, Reliance Power
  • Move Out Of Short-Term ASM Framework: The Investment Trust Of India, Filatex India, Reliance Infrastructure, Uttam Sugar Mills
  • Move Into ASM Framework: Prakash Industries
  • Price Band Revised From 10% To 5%: Angel Broking, Kopran, Reliance Power, Trident
  • Price Band Revised From 20% To 10%: Igarashi Motors India, Kingfa Science & Technology (India), Nectar Lifesciences

Money Market Update

  • The rupee ended at 73.34 against the U.S. Dollar on Tuesday as compared to Monday's closing of 73.35.

F&O Cues

  • Nifty May futures ended at 14,874.55; premium of 23.8 points.
  • Nifty May futures added 4.83% and 7,205 shares in Open Interest
  • Nifty Bank May futures ended at 32,928.80; premium of 56.6 points
  • Nifty Bank May futures shed 15.85% and 9,527 shares in Open Interest
  • Securities that continue to be on the ban list: Nalco, PNB and Sun TV
  • Securities added to the ban list: Canara Bank
All You Need To Know Going Into Trade On May 12
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