All You Need To Know Going Into Trade On November 11
Stocks in the news, big brokerage calls of the day, complete trade setup and much more!
Asian stocks were mixed Thursday after the hottest U.S. inflation print in three decades hurt Wall Street shares and sparked a jump in Treasury yields amid concern monetary policy will be tightened more quickly.
Equities rose in Japan and China and fluctuated in Hong Kong. The S&P 500 dropped and the Nasdaq 100 underperformed.
The Singapore-traded SGX Nifty, an early indicator of India's Nifty 50 Index’s performance, shed 0.22% to 17,975.5, as of 7:30 a.m.
Treasury yields in the U.S. soared across the curve, with the 10-year yield up more than 10 basis points. A poorly received 30-year auction added to the angst.
The dollar was around a one-year high. Gold pared a gain while Bitcoin whipsawed, initially scaling a fresh all-time high before declining. Oil steadied after a tumble caused partly by a surprise rise in U.S. stockpiles.
Earnings Post Market Hours
Oil India Q2FY22 (Consolidated, YoY)
Revenue up 33% at Rs 7,254.12 crore Vs Rs 5,465.05 crore
Net profit up 37% at Rs 1,454.28 crore Vs Rs 1,058.07 crore
Ebitda up 24% at Rs 2,314.41 crore Vs Rs 1,873.08 crore
Margin at 31.9% Vs 34.3%
Declared interim dividend of Rs 3.50 per share
Rail Vikas Nigam Q2FY22 (Consolidated, YoY)
Revenue up 26% at Rs 4,025.82 crore Vs Rs 3,182.57 crore
Net profit up 49% at Rs 279.24 crore Vs Rs 187.78 crore
Ebitda up 38% at Rs 227.12 crore Vs Rs 164.52 crore
Margin at 5.6% Vs 5.2%
RCF Q2FY22 (Consolidated, YoY)
Revenue up 13% at Rs 2,612.38 crore Vs Rs 2,316.94 crore
Net profit up 14% at Rs 117.92 crore Vs Rs 103.88 crore
Ebitda down 7% at Rs 185.42 crore Vs Rs 198.89 crore
Margin at 7.1% Vs 8.6%
Declared interim dividend of Rs 1.35 per equity share
Zomato Q2FY22 (QoQ)
Revenue up 21% at Rs 1,024 crore Vs Rs 844 crore
Ebitda loss at Rs 536 crore Vs Rs 377 crore
Net loss at Rs 430 crore Vs Rs 356 crore
To invest $1 billion over the next 2 years. Large chunk of the investment to go into the quick-commerce space.
To invest $75 million in B2B logistics service provider, Shiprocket, for 8% stake.
To invest $50 million in Magicpin, an omni-channel service provider to retailers, for 16% stake.
To acquire 6.4% of Curefit Healthcare for $100 million.
To sell entire Fitso stake to Curefit for $50 million.
Plan to invest over $50 million in Hyperpure over 18-24 months.
Pidilite Industries Q2FY22 (Consolidated, YoY)
Revenue up 40% at Rs 2,626.35 crore Vs Rs 1,880.33 crore
Net profit up 5% at Rs 375.53 crore Vs Rs 356.44 crore
Ebitda up 7% at Rs 549.59 crore Vs Rs 512.64 crore
Margin at 20.9% Vs 27.3%
CFO Pradip Menon has resigned from the post. He will be relieved from the duty w.e.f. close of business hours on December 20, 2021.
Berger Paints India Q2FY22 (Consolidated, YoY)
Revenue up 28% at Rs 2,225.01 crore Vs Rs 1,742.55 crore
Net profit down 1% at Rs 219.21 crore Vs Rs 221.05 crore
Ebitda up 6% at Rs 353.99 crore Vs Rs 335.21 crore
Margin at 15.9% Vs 19.2%
Birla Corporation Q2FY22 (Consolidated, YoY)
Revenue up 3% at Rs 1,697.84 crore Vs Rs 1,654.15 crore
Net profit down 49% at Rs 85.55 crore Vs Rs 166.62 crore
Ebitda down 30% at Rs 267.26 crore Vs Rs 382.59 crore
Margin at 15.7% Vs 23.1%
Thermax Q2FY22 (Consolidated, YoY)
Revenue up 29% at Rs 1,469.32 crore Vs Rs 1,141.20 crore
Net profit at Rs 87.92 crore Vs Rs 31.24 crore
Ebitda up 39% at Rs 110.01 crore Vs Rs 79.34 crore
Margin at 7.5% Vs 7%
Order booking up 67% at Rs 1,856 crore
Order balance up 26% at Rs 6,516 crore
Affle (India) Q2FY22 (Consolidated, YoY)
Revenue at Rs 274.70 crore Vs Rs 134.95 crore
Net profit up 77% at Rs 47.81 crore Vs Rs 26.97 crore
Ebitda up 51% at Rs 52.01 crore Vs Rs 34.39 crore
Margin at 18.9% Vs 25.5%
Metropolis Healthcare Q2FY22 (Consolidated, YoY)
Revenue up 5% at Rs 302.61 crore Vs Rs 288.35 crore
Net profit down 4% at Rs 58.39 crore Vs Rs 60.51 crore
Ebitda down 1% at Rs 90.23 crore Vs Rs 90.86 crore
Margin at 29.8% Vs 31.5%
Stocks To Watch
Tata Motors: To plan for 20% EV penetration in 5 years. To expand portfolio of offering India specific products with different body styles and driving range. Tata Motors eyes 10 EVs by FY26.
Yes Bank: Moody's Investors Service has upgraded Yes Bank's rating to B2 from B3 and changed outlook to positive from stable. Moody's upgraded the bank's long-term foreign currency issuer rating and long-term foreign and local currency bank deposit ratings to B2 from B3. It has also upgraded the bank's Baseline Credit Assessment and Adjusted BCA to b3 from caa2. Funding and liquidity have substantially improved for the bank in the past year, which have strengthened depositor and credit confidence, Moody's said.
MOIL: Board approved buyback of up to 3.38 crore equity shares at Rs 205 each for an aggregate consideration Rs 693 crore.
Power Grid Corporation of India: Approved capital expenditure for procurement of telecom equipment at an estimated cost of Rs 429.24 crore. It also approved Regional System Strengthening Scheme to mitigate the overloading of 400 kV NP Kunta-Kolar S/C line at an estimated cost of Rs 122.71 crore including IDC of Rs 3.39 crore.
Narayana Hrudayalaya: Appointed Sandhya J as Chief Financial Officer of the Company designated as Group CFO with effect from December 8, 2021.
Alembic Pharmaceuticals: U.S. FDA conducted an inspection at the company’s injectable facility at Karkhadi from October 28 to November 10. The FDA issued a Form 483 with 10 observations. The company is preparing the response to the observations.
Wipro: The company has been chosen as a strategic partner in the transformation of Aggreko’s Finance and Procurement function.
Earnings: Tata Steel, NMDC, Godrej Consumer Products, Hindustan Aeronautics, Zee Entertainment Enterprises, Balkrishna Industries, NHPC, Natco Pharma, Acrysil, Cesc, Minda Industries, NLC India, Novartis India, Page Industries, Piramal Enterprises, Power Finance Corporation, Aptech, Astral, Bajaj Hindusthan Sugar, Bharat Dynamics, Brigade Enterprises, Clean Science and Technology, Endurance Technologies, Engineers India, FDC, Federal-Mogul Goetze (India), Garware Technical Fibres, GOCL Corporation, Goodyear India, Gujarat Pipavav Port, GTL Infrastructure, Hindustan Construction Co, HealthCare Global Enterprises, Heranba Industries, Housing & Urban Development Corporation, IFCI, India Infrastructure Trust, Jayaswal Neco Industries, JB Chemicals & Pharmaceuticals, JBM Auto, Jtekt India, Kama Holdings, KCP, Lloyds Metals and Energy, Maithan Alloys, Matrimony.com, Mukand, The New India Assurance Company, PNB Gilts, Prestige Estates Projects, PTC India, RailTel Corporation of India, Rites, Schneider Electric Infrastructure, Solara Active Pharma Sciences, Somany Ceramics, Sundram Fasteners, Suryoday Small Finance Bank, TVS Srichakra, Varroc Engineering
Offerings
Paytm IPO was subscribed 1.89 times on last day of offer.
Sapphire Foods IPO was subscribed 1.07 times on second day.
Latent View Analytics IPO was subscribed 6.39 times on first day.
Insider Trades
Chambal Fertilisers & Chemical: Promoter Jyotsna Poddar bought 53,134 shares on November 8.
Confidence Petroleum India: Promoter Essenn LPG Bottling bought 40,100 shares between November 2-4.
JSW Energy: Promoter Sarika Jhunjhnuwala bought 2.50 lakh shares on November 3.
Block Deals
Fairchem Organics: FIH Mauritius Investments sold 5 lakh shares (3.84%) at Rs 1,875 per share. MIT#853O-Massachusetts Institute of Technology bought 4.02 lakh shares (3.09%) at Rs 1,875 per share. MIT#157G Massachusetts Institute of Technology bought 82,970 shares (0.64%) at Rs 1,875 per share.
Who’s Meeting Whom
United Breweries: To meet JP Morgan on November 11.
Tanla Platforms: To meet Nippon Life India Asset Management, Goldman Sachs Asset Management and Max India on November 12.
Can Fin Homes: To meet Axis MF on November 15, UTI AMC and PGIM MF on November 16. The company will meet SBI MF and Kotak on November 19.
Advanced Enzyme Technologies: To meet Royce Investment Partners, USA on November 17, and Dalton Investments in USA on November 23.
Trading Tweaks
Ex-Date Interim Dividend: Bharat Petroleum Corporation Ltd, Indian Oil Corporation, Dabur India, CARE Ratings, REC, Cantabil Retail India, Great Eastern Shipping Co, NACL Industries, Rain Industries, Precision Wires India, R Systems International, Shriram City Union Finance
Ex-Date Special Dividend: Bayer Cropscience
Ex-Date Buyback: SH Kelkar and Company
Price Band Revised From 10% To 5%: 3i Infotech
Move Into Short-Term ASM Framework: Shoppers Stop, SH Kelkar and Company
Record Date Interim Dividend: Lux Industries, Indian Railway Finance Corporation, GRM Overseas, GMM Pfaudler, Aarti Industries
Record Date Stock Split: GRM Overseas
Money Market Update
The rupee ended at 74.38 against the U.S. Dollar on Wednesday as compared to Tuesday's closing of 74.03.
F&O Cues
Nifty November futures ended at 18,015; a discount of 2.2 points.
Nifty November futures added 2.33% and 4,700 shares in Open Interest
Nifty Bank November futures ended at 39,100; a premium of 76.75 points
Nifty Bank November futures added 3.09% and 2,569 shares in Open Interest
Securities in the ban list: Escorts, Punjab National Bank, Sun TV
Securities added to the ban list: Bank of Baroda, BHEL, Indiabulls Housing Finance, SAIL
