All You Need To Know Going Into Trade On November 4
Indian shares will open for only an hour-long session (from 6:15 pm to 7:15 pm) on Thursday, when traders and investors make ceremonial purchases marking the Diwali festival.
As per the schedule, the block deal session will run from 5:45 pm till 6 pm. The pre-open session will take place between 6 pm and 6:08 pm.
The Nifty 50 and Sensex jumped 40% from last Diwali so far, compared with a 69.5% and 80.2% rally in the mid- and small-cap gauges, according to Bloomberg data. Over 86% of the 3,594 BSE-listed stocks gained during the period.
Meanwhile, global stocks hovered around record levels Thursday after the Federal Reserve unveiled an expected tapering of stimulus and said it will be patient on raising interest rates. Treasury yields were steady.
MSCI Inc.’s world share gauge was on course for a new peak, as Japan, China and South Korea climbed. U.S. futures fluctuated in the wake of all-time highs for the S&P 500, Dow Jones Industrial Average, Nasdaq 100 and Russell 2000.
The Fed indicated it was alert to inflation risks but still sees them as likely transitory due to pandemic-related supply and demand imbalances.
Oil retreated on higher U.S. inventories and progress toward Iran nuclear talks that could lead to more supplies. OPEC+ meets Thursday to review output plans. Bitcoin was around $62,500 after another sharp swoon that quickly reversed.
Earnings Post Market Hours
Eicher Motors Q2FY22 (Consolidated, QoQ)
Revenue up 14% at Rs 2,249.56 crore Vs Rs 1,974 crore (BBG estimate: Rs 1,974 crore)
Profit up 57% at Rs 373 crore Vs Rs 237 crore (BBG estimate: Rs 306 crore)
Ebitda up 30% at Rs 469.87 crore Vs Rs 362.67 crore (BBG estimate: Rs 359 crore)
Margins at 20.9% Vs 18.4% (BBG estimate: 18.2%)
Pfizer Q2FY22 (YoY)
Revenue up 7% at Rs 636.26 crore Vs Rs 595.41 crore
Net profit up 9% at Rs 142.95 crore Vs Rs 131.37 crore
Ebitda down 7% at Rs 189.37 crore Vs Rs 203.32 crore
Margins at 29.8% Vs 34.1%
Bata India Q2FY22 (Consolidated, YoY)
Revenue up 67% at Rs 614.12 crore Vs Rs 367.87 crore
Net profit of Rs 37.18 crore Vs Net loss of Rs 44.31
Ebitda up 5.57 times at Rs 119.22 crore Vs Rs 18.14 crore
Margins at 19.4% Vs 4.9%
Gujarat State Petronet Q2FY22 (Consolidated, YoY)
Net sales up 37% at Rs 4,085.13 crore Vs Rs 2,980.43 crore
Net profit down 20% at Rs 398.39 crore Vs Rs 498.57 crore
Ebitda down 28% at Rs 805.15 crore Vs Rs 1,117.99 crore
Margins at 19.7% Vs 37.5%
Gujarat Alkalies & Chemicals Q2FY22 (Consolidated, YoY)
Revenue up 29% at Rs 825.76 crore Vs Rs 638.25 crore
Net profit up 13% at Rs 74.57 crore Vs Rs 66.05 crore
Ebitda up 36% at Rs 142.44 crore Vs Rs 104.61 crore
Margins at 17.2% Vs 16.4%
Stocks To Watch
Lupin: The company has launched authorised generic version of Antara (Fenoflbrate) Capsules in the U.S.
Punjab National Bank: The bank has cut the Repo Linked Lending Rate to 6.50% from 6.55%. The new RLLR will come into effect from November 8.
HCL Technologies: The company has launched its Amazon Web Services Business Unit to help enterprises worldwide accelerate their cloud transformation journey.
Precision Camshafts: The company has entered into a MoU with Solapur Municipal Corporation to develop 100% retrofitted electric vehicles for waste collection.
PDS Multinational Fashions: Smart Notch Industrial, a subsidiary of the company, has entered into Series Seed Preferred Stock purchase agreement with Bigthinx, Inc., a Delaware corporation. The subsidiary will acquire 5% stake for $250,000.
Earning: Muthoot Finance
One97 Communication Ltd., which operates Paytm, will sell 3.83 crore shares to anchor investors for its IPO at Rs 2,150 each, raising a total Rs 8,235 crore ($1.1 billion).
The initial public offering of PB Fintech Ltd., the parent of policybazaar.com and paisabazaar.com, was subscribed 16.59 times on day 3.
SJS Enterprises Ltd.’s IPO failed to garner strong investor interest, with the issue subscribed only 1.59 times. It is now the second-least subscribed issue of the year, only ahead of Macrotech Developers.
Pledge Share Details
Chambal Fertilisers & Chemicals: Promoter Zuari Global created a pledge of 5.70 lakh shares on October 29.
Jindal Steel & Power: Promoter Opelina Sustainable Services created a pledge of 10.77 lakh shares on October 29. Promoter OPJ Trading revoked pledge of 10.79 lakh shares on November 1.
Kalpataru Power Transmission: Promoter Kalpataru Constructions revoked pledge of 7.90 lakh shares on November 1. Promoter KC Holdings created a pledge of 7.90 lakh between October 29 and November 2.
Sun Pharmaceutical Industries: Promoter Shanghvi Finance created a pledge of 54 lakh shares on November 2.
As reported on November 3.
Minda Corporation: WHV-EAM International Small Cap Equity Fund bought 15.48 lakh shares (0.65%) at Rs 174.6 per share.
Nazara Technologies: WHV-EAM International Small Cap Equity Fund sold 1.61 lakh shares (0.53%) at Rs 2,301.51 per share.
Adani Green Energy: Promoter Infinite Trade and Investments bought 15.50 lakh shares between November 1-2.
Asahi India Glass: Promoter Bharat Kapur sold 8,551 shares on November 1.
Price Band Revised From 5% To 10%: HFCL, Gulshan Polyols, Newgen Software Technologies, Sharda Motor Industries
Record Date Interim Dividend: ANG Lifesciences India, Shree Digvijay Cement
Move Out Of Short-Term ASM Framework: Ami Organics, Shoppers Stop, Shriram EPC, Share India Securities
Move Into ASM Framework: HLE Glascoat, Puravankara
Move Out Of ASM Framework: Supreme Petrochem, Greenpanel Industries, Tanla Platforms, Poonawalla Fincorp
Money Market Update
The rupee ended at 74.45 against the U.S. Dollar on Wednesday as compared to Tuesday's closing of 74.68.
Securities in the ban list: Punjab National Bank, Escorts