All You Need To Know Going Into Trade On November 9
Asian stocks rose Tuesday after U.S. equities extended a winning streak on optimism that the economic recovery can weather inflation risks. The dollar and Treasuries held declines.
Shares advanced modestly in Japan, South Korea and Australia. U.S. futures slipped after the S&P 500 eked out a gain to cement its longest winning run since 2017.
The Singapore-traded SGX Nifty, an early indicator of India's Nifty 50 Index’s performance, was little changed at 18,148, as of 7:15 a.m.
In cryptocurrencies, Bitcoin jumped past $67,000 for the first time to set a new all-time high
Elsewhere, crude was steady as traders evaluate the possibility of U.S. steps to ease oil and gas prices. Gold was around the highest in two months.
Earnings Post Market Hours
Britannia Q2FY22 (Consolidated, QoQ)
Revenue up 6% at Rs 3,607.37 crore Vs Rs 3,403.46 crore
Net profit down 1% at Rs 384.22 crore Vs Rs 389.55 crore
Ebitda up 1% at Rs 558.33 crore Vs Rs 553.78 crore
Margins at 15.5% Vs 16.3%
Aurobindo Pharma Q2FY22 (Consolidated, QoQ)
Revenue up 4% at Rs 5,941.92 crore Vs Rs 5,702 crore (BBG estimate: Rs 6,093.9 crore)
Net profit down 9% at Rs 697 crore Vs Rs 770 crore (BBG estimate: Rs 786 crore profit)
Ebitda down 2% at Rs 1,186.7 crore Vs Rs 1,209.4 crore (BBG estimate: Rs 1,292.7 crore)
Margins at 20% Vs 21.2% (BBG estimate: 21.2%)
EPS at Rs 11.89 per share Vs Rs 13.14 (BBG estimate: Rs 13.49)
Approved second interim dividend of Rs 1.50 per equity share
Sobha Q2FY22 (Consolidated, YoY)
Revenue up 57% at Rs 819.10 crore Vs Rs 522 crore
Net profit up 1.98 times at Rs 48.30 crore Vs Rs 16.20 crore
Ebitda up 67% at Rs 256 crore Vs Rs 153.50 crore
Margin at 31.3% Vs 29.4%
Approved raising up to Rs 140 crore via issuance of NCDs on private placement basis.
Ujjivan Small Finance Bank Q2FY22
NII down 17% at Rs 391.36 crore Vs Rs 470.14 crore (YoY)
Net loss of Rs 273.79 crore Vs Net profit of Rs 96 crore (YoY)
GNPA at 11.80% Vs 9.79% (QoQ)
NNPA at 3.29% Vs 2.68% (QoQ)
HG Infra Engineering Q2FY22 (Consolidated, YoY)
Revenue up 62% at Rs 781.55 crore Vs Rs 483.34 crore
Net profit up 97% at Rs 74.50 crore Vs Rs 37.84 crore
Ebitda up 67% at Rs 151.15 crore Vs Rs 90.68 crore
Margin at 19.3% Vs 18.8%
Shyam Metalics and Energy Q2FY22 (Consolidated, YoY)
Revenue up 87% at Rs 2,494.34 crore Vs Rs 1,335.15 crore
Net profit up 1.57 times at Rs 410.28 crore Vs Rs 159.63 crore
Ebitda up 1.40 times at Rs 624.03 crore Vs Rs 260.34 crore
Margin at 25% Vs 19.5%
Stocks To Watch
Reliance Industries: Reliance Eagleford Upstream Holding LP has signed agreements with Ensign Operating III LLC to divest interest in certain upstream assets in the Eagle Ford Shale play in Texas, U.S. The sale is at a consideration higher than the current carrying value of the assets. With this transaction, the company has divested all its shale gas assets and has exited from the shale gas business in North America.
Cadila Healthcare: Zydus Cadila has received an order to supply one crore doses of ZyCoV-D, a Plasmid DNA vaccine, to the Government of India at Rs 265 per dose and the needle-free applicator being offered at Rs 93 per dose, excluding GST.
Future Retail: NCLT Mumbai has granted a stay on the meeting of the company’s creditors and shareholders. Future Retail had approached NCLT seeking to defer the meetings between November 26-30. The company’s creditors and shareholders were scheduled to meet on November 9-10 to approve the scheme of arrangement with Reliance Retail Ventures, Reliance Retail and Fashion Lifestyle.
PG Electroplast: PG Technoplast, a subsidiary of the company, has received approval from the government under the Production Linked Incentive Scheme for White Goods under the Air Conditioner Components category. The company will be investing Rs 321 crore over a period of five years.
Route Mobile: The company launched its QIP issue on Monday and approved the floor price of Rs 1,949.24 per share. The floor price is at a discount of 1.93% to Monday's closing price.
Nalco: To consider interim dividend at November 12 board meet.
Deccan Gold Mines: Board to meet on November 11 to consider raising funds via rights issue.
Earnings: Mahindra & Mahindra, Power Grid Corporation of India, Bharat Heavy Electricals Ltd, Indraprastha Gas, MRF, Bosch, Max Financial Services, IDFC, Petronet LNG, Astrazeneca Pharma India, Procter & Gamble Health, Godrej Agrovet, CreditAccess Grameen, HEG, Hindustan Copper, Jet Airways (India), Powergrid Infrastructure Investment Trust, Amrutanjan Health Care, Greenply Industries, Kennametal India, Kesoram Industries, Gulshan Polyols, Mangalore Chemicals & Fertilizers, Manali Petrochemical, Mishra Dhatu Nigam, Nava Bharat Ventures, NCC, Nirlon, Olectra Greentech, OnMobile Global, PDS Multinational Fashions, Redington (India), Sharda Motor Industries, Somany Home Innovation, Tata Investment Corporation, VST Tillers Tractors
Deepak Nitrite rated new 'buy' at Dolat Capital; price target: Rs 2,844
Housing Development cut to 'hold' at Sushil Finance; price target: Rs 3,195
Inspira Enterprises India has received SEBI approval for its Rs 800 crore IPO.
Sapphire Foods Limited allotted 79.06 lakh equity shares at the upper price band of Rs 1,180 per share to 53 anchor investors to raise Rs 932.96 crore.
Paytm IPO was subscribed 18% on first day.
Pledge Share Details
Steel Strips Wheels: Promoter Dheeraj Garg revoked pledge of 3.02 lakh shares on November 1.
Kirloskar Pneumatic Co: PGIM India Mutual Fund bought 5 lakh shares (0.78%) at Rs 397 per share. HDFC Mutual Fund sold 5 lakh shares (0.78%) at Rs 397 per share.
Poonawalla Fincorp: Microfirm Capital sold 1.35 crore shares (1.77%) at Rs 172.80 per share. Celica Developers sold 1.35 crore shares (1.77%) at Rs 171.65 per share.
Maharashtra Seamless: Promoter Sudha Apparels bought 2.99 lakh shares between November 2-3.
Who’s Meeting Whom
UltraTech Cement: To meet Global Alpha Capital Management on November 9 and Lazard Asset Management LLC on November 10.
Can Fin Homes: To meet Neuberger Berman on November 9.
Adani Green Energy: To meet Ventura Securities on November 10.
Poonawalla Fincorp: To meet Amansa Capital Pte on November 10.
Syngene International: To meet Enam Asset Management Company and JM Financial Services on November 10.
Advanced Enzyme Technologies: To meet Eternity Capital on November 16.
Ex-Date Interim Dividend: Ajanta Pharma, LT Foods, Dalmia Bharat, Happiest Minds Technologies, Steel Authority of India, Share India Securities, Shriram Transport Finance Co., Triveni Engineering & Industries
Ex-Date Final Dividend: Procter & Gamble Hygiene & Health Care
Ex-Date Income Distribution RITES: Embassy Office Parks REIT
Ex-Date InvIT: IndInfravit Trust
Price Band Revised From 20% To 10%: Barbeque Nation Hospitality
Record Date Interim Dividend: Marico, Triveni Turbine, Transport Corporation of India, Nippon Life India Asset Management, Kansai Nerolac Paints, Indian Metals & Ferro Alloys, Emami, Allsec Technologies
Record Date Special Dividend: Triveni Turbine
Move Into Short-Term ASM Framework: Allcargo Logistics, Barbeque-Nation Hospitality
Move Out Of Short-Term ASM Framework: Tatva Chintan Pharma Chem, Network18 Media & Investments
Money Market Update
The rupee ended at 74.02 against the U.S. Dollar on Monday as compared to Thursday's closing of 74.45.
Nifty November futures ended at 18,138.00; a discount of 69.45 points.
Nifty November futures added 2.34% and 4,838 shares in Open Interest
Nifty Bank November futures ended at 39,705.90; a premium of 267.65 points
Nifty Bank November futures shed 7.47% and 6,356 shares in Open Interest
Securities in the ban list: Escorts, Punjab National Bank
Securities added to the ban list: Sun TV
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