All You Need To Know Going Into Trade On November 25

Asian stocks were steady Thursday and the dollar held near a 16-month high as traders weighed Federal Reserve minutes that flagged the risk of a faster reduction in stimulus to fight elevated inflation.

Equities rose in Japan and Australia but fell in South Korea, where the central bank raised interest rates. U.S. futures climbed after the S&P 500 and tech-heavy Nasdaq 100 edged up.

The Singapore-traded SGX Nifty, an early indicator of India's Nifty 50 Index's performance, was little changed at 17,402 as of 6:55 a.m.

Expectations of an earlier Fed interest-rate liftoff saw shorter maturity Treasury yields advance, while longer-maturity rates retreated, flattening the bond curve.

Elsewhere, oil was steady as traders await the response of OPEC+ to a coordinated release of strategic reserves by consuming nations.

Earnings Post Market Hours

Siemens Q2FY22 (Consolidated, QoQ)

• Revenue up 46% at Rs 4,296.10 crore Vs Rs 2,934.20 crore

• Net profit at Rs 321.60 crore Vs Rs 138.90 crore

• Ebitda up 82% at Rs 447.20 crore Vs Rs 246 crore

• Margins at 10.4% Vs 8.4%

• Recommended a dividend of Rs 8 per equity share

Stocks To Watch

• Coal India: The company said rising costs mean it’s inevitable that it will be forced to hike prices of supplies in long-term deals to protect profitability. The state-run company is facing pressure from high diesel prices and an increase in salaries of employees due retroactively from July. The higher costs threaten to eat into investor returns and potentially hinder its investment in mines and logistics infrastructure.

• Capri Global Capital: The company has entered into a co-lending agreement with the Union Bank of India to offer MSMEs loans.

• Pidilite Industries: Madhumala Ventures, a wholly owned subsidiary of the company, to acquire 19.51% stake in Constrobot Robotics for Rs 1.56 crore. Constrobot is engaged in the business of research, development, manufacturing and trading of robotic equipment and related software to be used in construction activities.

• Tube Investments of India: ICRA has reaffirmed the long-term rating at AA+ and the short-term rating at A1+ in respect of the bank fund based and non-fund based limits of the company. The long-term rating has been removed from watch with developing implications and 'Stable' outlook has been assigned.

• Prismx Global Ventures: Board to meet on November 27 to consider raising funds via rights issue of equity shares.

• AU Small Finance Bank: Crisil Ratings has revised its rating outlook on the fixed deposit programme and long-term debt instruments of the bank to positive from stable. The rating of the fixed deposit programme and long-term debt instruments have been reaffirmed at FAA+ and AA- respectively.

• CyberTech Systems and Software: India Rating & Research (Fitch Group) has upgraded the rating of the company from Long-Term Issuer Rating at 'BBB-/Stable/A3' to 'BBB/Stable/A3+'.

• The Ramco Cements: Commissioned a Waste Heat Recovery System at newly commissioned Third Line at its Jayanthipuram Plant. This will help the company generate 5 MW Of additional power from waste heat taking the company’s total power available from waste heat to 21 MW.

• Triton Valves: Srikanth Shenoy has resigned as the CFO of the company.

Pledge Share Details

• Solara Active Pharma Sciences: Promoter Chayadeep Ventures LLP created a pledge of 25,000 shares on November 18. Promoter Pronomz Ventures LLP revoked pledge of 25,000 shares on November 17. As reported on November 24.

Block Deals

• Lyka Labs: IPCA Laboratories bought 48 lakh shares (16.73%) at Rs 130.40 per share. Shruti Mayank Shah sold 15 lakh shares (5.23%) at Rs 130.40 per share. Prasham Mayank Shah sold 15 lakh shares (5.23%) at Rs 130.40 per share. Mayank Jashwantlal Shah sold 18 lakh shares (6.27%) at Rs 130.40 per share.

Insider Trades

• Arvind: Promoters (Aura Business Ventures Llp and Aura Securities) sold 26.88 lakh shares between November 18-24.

• Confidence Petroleum India: Promoter Essenn LPG Bottling bought 1.50 lakh shares on November 22.

• Gujarat Fluorochemicals: Promoter Inox Chemicals LLP sold 10,047 shares between November 22-23.

• Meghmani Organics: Promoter Natwarlal Patel bought 58,000 shares on November 23.

• Star Cement: Promoter Prem Bhajanka bought 50,750 shares between November 18-22. Promoter Sarika Jalan sold 53,689 shares between November 17-22.

• Usha Martin: Promoter Peterhouse Investments sold 3 lakh shares between November 22-23.

Who’s Meeting Whom

• Max Healthcare Institute: To meet GIC (Singapore), RBC Global Asset Management (U.K.), BMO Global Asset Management (F&C), NS Partners, Universities Superannuation Scheme, Mondrian Investment Partners and Polar Capital on November 25. The company will meet Capital Research Global Investors, Genesis Investment Management and Jupiter Asset Management on November 26.

• Nuvoco Vistas Corporation: To meet Wells Capital on November 25.

• Quick Heal Technologies: To meet Capital Group on November 25.

• Gokaldas Exports: To meet Tata AMC, BOIAXA MF and Dalmus Capital on November 25.

• Indian Energy Exchange: To meet BK Securities on November 25 and ICICI Prudential Life on December 1.

• Krsnaa Diagnostics: To meet ICICI Prudential Life Insurance on November 26.

• Sudarshan Chemical Industries: To meet Enam Asset Management and HDFC Mutual Fund on November 26.

Trading Tweaks

• Ex-Date Interim Dividend: Bharat Forge, KIOCL, Kaveri Seed Company, Panama Petrochem, PTC India

• Ex-Date Buyback: Nucleus Software Exports

• Record Date Interim Dividend: National Aluminium Co., Power Finance Corporation, Amara Raja Batteries, Crisil, Gujarat Pipavav Port, Granules India, Gujarat Themis Biosyn, Hinduja Global Solutions, Manappuram Finance, Polyplex Corporation, Rashtriya Chemicals & Fertilizers, RITES

• Record Date Special Dividend: Gujarat Themis Biosyn, Morganite Crucible (India)

• Price Band Revised From 10% To 5%: Onward Technologies

Money Market Update

• The rupee ended at 74.39 against the U.S. Dollar on Wednesday as compared to Tuesday's closing of 74.42

F&O Cues

• Nifty November futures ended at 17,367.50; a discount of 47.55 points.

• Nifty November futures shed 32.10% and 45,054 shares in Open Interest

• Nifty Bank November futures ended at 37,366.80; a discount of 75.15 points

• Nifty Bank November futures shed 32.56% and 23,469 shares in Open Interest

• Securities in the ban list: Escorts

• Securities added to the ban list: Indiabulls Housing Finance

• Securities removed from the ban list: Vodafone Idea

Top Research Reports

• India Economy Watch - Rural Consumption Weakens In Q2: Motilal Oswal

• Indian Life Insurance Industry Report - Profitability Of Life Insurance Players Impacted in Q1 FY22: ICRA​

• Telecom Sector Check - Tariff Hike At Last, But No Structural Changes: ICICI Securities