All You Need To Know Going Into Trade On October 12
Stocks in the news, big brokerage calls of the day, complete trade setup and much more!
Most Asian stocks dipped Tuesday on concerns about elevated inflation stoked by energy costs and the possibility of a widening Chinese crackdown on private industry. Treasury yields were steady.
Shares fell in Japan and South Korea, but edged up in Australia. U.S. futures retreated after the S&P 500 and Nasdaq 100 declined for a second day
The Singapore-traded SGX Nifty, an early indicator of India's Nifty 50 Index’s performance, fell 0.76% to 17,825 as of 7 a.m.
Oil trimmed gains spurred by a power crisis from Europe to Asia. The energy crunch is squeezing supplies of aluminum, whose price hit a 13-year high.
The U.S. 10-year Treasury yield was little changed as the cash market reopened from a holiday. The dollar held an advance. Elsewhere, Bitcoin held at about $57,000 in a rally that’s led to speculation about a possible run-up to the largest cryptocurrency’s mid-April record high.
Earnings Post Market Hours
HFCL Q2 FY22 (Consolidated, QoQ)
Revenue down 7% at Rs 1,122.05 crore Vs Rs 1,206.87 crore
Net profit down 7% at Rs 81.61 crore Vs Rs 87.83 crore
Ebitda down 9% at Rs 169.15 crore Vs Rs 186.25 crore
Margin at 15.1% Vs 15.4%
Delta Corp Q2 FY22 (Consolidated, QoQ)
Revenue down 2% at Rs 74.72 crore Vs Rs 75.87 crore
Net loss at Rs 22.57 crore Vs Rs 28.93 crore
Tata Metaliks Q2 FY22 (QoQ)
Revenue up 7% at Rs 644.84 crore Vs Rs 602.97 crore
Net profit down 42% at Rs 54.62 crore Vs Rs 94.72 crore
Ebitda down 35% at Rs 99.79 crore Vs Rs 153.51 crore
Margins at 15.5% Vs 25.5%
Stocks To Watch
Adani Green Energy: Total Operational Capacity nearly doubled to 5,410 MW on YoY basis. Sale of Energy up by 61% YoY at 1,901 million units in Q2 FY22 versus 1,182 million units in Q2 FY21.
Tata Motors: Tata Motors Group global wholesales in Q2 FY22, including Jaguar Land Rover, were at 2,51,689 units, up 24% year-on-year. Global wholesales of commercial vehicles and Tata Daewoo range were at 89,055 units, up 57% YoY. Global wholesales of passenger vehicles were at 1,62,634 units, up 11% YoY. Global wholesales for Jaguar Land Rover were 78,251 units.
Ujjivan Small Finance Bank: Total deposits up 31% year-on-year at Rs 14,090 crore in Q2 FY22 compared to Rs 10,743 crore last year. CASA Ratio at 22% compared to 16% last year. Gross loan book up 4% at Rs 14,508 crore Vs Rs 13,890 crore.
PI Industries: The company has executed two joint venture agreements with Polymath Holdings, LLC for undertaking the business of manufacturing and selling the products for biochemistry processes and biochemical-enabled pharmaceutical intermediates.
Kaveri Seed Company: Closed buyback of equity shares on Monday. It has bought back 20.07 lakh shares, at an average price of Rs 597.50 per share, for an aggregate amount of Rs 119.94 crore.
Zee Entertainment Enterprises: In an open letter to the Zee Entertainment's shareholders, Invesco Fund has raised questions regarding its management, governance and value destruction.
TVS Group stocks: Competition Commission of India has approved internal restructuring of TVS Group.
HCL Technologies: The company has partnered with Google Cloud to launch healthcare and life sciences solutions for customers.
Welspun Enterprises: Appointed Sanjay Sultania as Chief Financial Officer of the company w.e.f. October 11.
Schaeffler India: Board of Directors will consider subdivision of equity shares on October 28.
Ugro Capital: Board to meet on October 14 to consider raising funds by way of issuance of non-convertible debentures through public issue.
Earnings: GM Breweries, JTL Infra
Pledge Share Details
Arvind Fashions: Promoter Aura Securities created a pledge of 13 lakh shares on October 7.
Max Healthcare Institute: Promoter Kayak Investments Holding Pte created a pledge of 25.11 crore shares on October 6.
As reported on October 11.
Bulk Deals
Jaiprakash Power Ventures: Clearwater Capital Partners Singapore Fund sold 7.52 crore shares (1.10%) at Rs 5.59 per share.
Kewal Kiran Clothing: Nalanda India Fund sold 1.79 lakh shares (1.45%) at Rs 1,050 per share and sold another 7 lakh shares (5.68%) at Rs 1,052.19 per share.
Who’s Meeting Whom
Tata Metaliks: To meet Monarch Networth Capital on October 12.
Hinduja Global Solutions: To meet Buoyant Capital on October 12 and Karma Capital Advisors on October 13.
Trading Tweaks
Record Date Final Dividend: Asian Granito India
Price Band Revised From 10% To 5%: Reliance Capital, Seamec, HLV, DCW, Cantabil Retail India
Price Band Revised 20% To 5%: Arvind Smartspaces, Dish Tv India, Dynamatic Technologies, Easy Trip Planners, Nazara Technologies
Money Market Update
The rupee ended at 75.35 against the U.S. Dollar on Monday as compared to Friday's closing of 74.99.
F&O Cues
Nifty October futures ended at 17,975.35, a premium of 29.4 points.
Nifty October futures shed 1.86%, and 4,735 shares in Open Interest. Nifty Bank futures ended at 38,362.70, a premium of 68.9 points.
Nifty Bank October futures shed 12.46%, and 8,720 shares in Open Interest.
Securities in the ban list: Nalco, Canara Bank, Indiabulls Housing Finance, Punjab National Bank, SAIL, IRCTC, Sun TV
Securities added to the ban list: Bank of Baroda, BHEL
