All You Need To Know Going Into Trade On October 20

Asian stocks Wednesday tracked a U.S. rally as a focus on corporate earnings helped ease some of the concerns over inflationary pressures in the global economy. Bond yields jumped.

Equities rose in Japan, South Korea and Australia. U.S. futures were steady with the S&P 500 close to a record as traders digest company reports to assess the impact of supply-chain snarls and higher commodity prices. Johnson & Johnson raised a profit forecast, Netflix Inc. subscribers jumped and Procter & Gamble Co. faced rising raw material and freight costs.

The Singapore-traded SGX Nifty, an early indicator of India's Nifty 50 Index’s performance, rose 0.13% to 18,450 as of 6:45 a.m.

Bitcoin is close to scaling the peak it reached in April. The first Bitcoin-linked exchange-traded fund listed in the U.S. debuted as the second-most heavily traded fund on record in a watershed moment for the cryptocurrency industry.

Elsewhere, crude oil held near the highest level in seven years amid the global energy crunch.

Earnings Post Market Hours

Nestle Q3CY21 (QoQ)

• Revenue up 9.6% at Rs 3,882.57 crore Vs Rs 3,541.7 crore

• Net profit up 5.2% at Rs 617.37 crore Vs Rs 587.09 crore

• Ebitda up 7.3% at Rs 947.99 crore Vs Rs 883.59 crore

• Margin at 24.4% vs 24.9%

ACC Q3CY21 (Consolidated, QoQ)

• Revenue down 3.5% at Rs 3,749 crore Vs Rs 3,884.9 crore (BBG estimate: Rs 3,703 crore)

• Net profit down 20.9% at Rs 450.2 crore Vs Rs 569.4 crore (BBG estimate: Rs 420 crore)

• Ebitda down 18.1% at Rs 712.3 crore Vs Rs 869.3 crore (BBG estimate: Rs 659 crore)

• Margin at 18.9% Vs 22.3% (BBG estimate: 18.2%)

L&T Technology Services Q2FY22 (Consolidated, YoY)

• Revenue up 22% at Rs 1,607.70 crore Vs Rs 1,313.80 crore

• $ Revenue up 22.1% at $217.4 million

• Constant currency revenue growth of 22.3%

• Net profit up 39% at Rs 230 crore Vs Rs 165.50 crore

• Ebitda up 50% at Rs 349.30 crore Vs Rs 232.80 crore

• Margin at 21.7% Vs 17.7%

• Declared a special dividend of Rs 10 per equity share

• Raised its USD revenue growth guidance for FY22 to 19%-20%

ICICI Prudential Life Insurance Company Q2FY22 (Consolidated, QoQ)

• Revenue up 38.3% at Rs 23,129.4 crore Vs 16,724.1 crore (BBG estimate: Rs 8,729.9 crore)

• Net profit of Rs 445.6 crore Vs Net loss of Rs 185.3 crore (BBG estimate: Rs 354.4 crore Profit)

• Ebitda gain of Rs 475.7 crore Vs Ebitda loss of Rs 215.4 crore (BBG estimate: Rs 494.6 crore)

• EPS at Rs 3.10 Vs Rs -1.29 (BBG estimate: Rs 3.05)

Navin Fluorine International Q2FY22 (Consolidated, YoY)

• Revenue up 6% at Rs 338.95 crore Vs Rs 318.92 crore

• Net profit down 2% at Rs 63.22 crore Vs Rs 64.42 crore

• Ebitda down 7% at Rs 84.17 crore Vs Rs 90.72 crore

• Margin 24.8% Vs 28.4%

• Declared an interim dividend of Rs 5 per share

• Appointed Basant Kumar Bansal as CFO from November 1

ICICI Securities Q2FY22 (Consolidated, YoY)

• Revenue up 26% at Rs 856.37 crore Vs Rs 680.68 crore

• Net profit up 26% at Rs 351.24 crore Vs Rs 278.15 crore

• Ebitda up 31% at Rs 543.58 crore Vs Rs 414.08 crore

• Margin 63.5% Vs 60.8%

• To pay interim dividend of Rs 11.25 per share

Rallis India Q2FY22 (Consolidated, YoY)

• Revenue at Rs 727.80 crore Vs Rs 725.01 crore

• Net profit down 32% at Rs 56.49 crore Vs Rs 82.95 crore

• Ebitda down 25% at Rs 87.98 crore Vs Rs 116.76 crore

• Margin at 12.1% Vs 16.1%

Stocks To Watch

• Bajaj Finserv: Incorporated an asset management company called Bajaj Finserv Asset Management on October 18. It will manage various mutual fund plans. The company has been incorporated with an authorised share capital of Rs 60 crore and an initial subscribed capital of Rs 5 lakh.

• Deepak Fertilisers & Petrochemicals Corporation: The company launched a qualified institutional placement issue on October 19 and approved the floor price for the same at Rs 422.48 per equity share.

• Reliance Industries: Reliance Retail has bought majority stake in Ritu Kumar’s Ritika Pvt.

• HCL Technologies: The company and Innovaccer Inc. have collaborated to help healthcare and life sciences organizations drive digital health transformation.

• Jindal Saw: The company has won contract for repair and maintenance of manufacturing facilities of Sathavahana Ispat.

• HDFC Asset Management Company: Chief Financial Officer Piyush Surana has resigned from the post. He will be relieved from the duties w.e.f. close of business hours on January 31, 2022.

• Astral: The company has decided to enter into the business of Faucets & Sanitaryware.

• Earnings: Jubilant FoodWorks, Just Dial, Tata Communications, Hathway Cable & Datacom, Angel Broking, Havells India, L&T Finance Holdings, Reliance Industrial Infrastructure, Shoppers Stop, Supreme Petrochem, Syngene International, TajGVK Hotels & Resorts, Tata Steel Long Products, Tejas Networks

Bulk Deals

• Himadri Speciality Chemical: BC India Investments sold 53.02 lakh shares (1.27%) at Rs 51.06 per share.

Who’s Meeting Whom

• Craftsman Automation: To meet Enam Holdings and GIC on October 20.

• Infibeam Avenues: To meet Hila Capital on October 21.

Trading Tweaks

• Ex-Date Stock Split: Authum Investment & Infrastructure

• Ex-Date Final Dividend: Rashtriya Chemicals & Fertilizers

• Record Date EGM: Omaxe

• Price Band Revised From 20% To 10%: Paras Defence and Space Technologies

• Move Into Short-Term ASM Framework: Borosil, GOCL Corporation, Sangam (India), United Drilling Tools

• Move Out Of Short-Term ASM Framework: Suven Life Sciences

F&O Cues

• Nifty October futures ended at 18,437.05, a premium of 18.3 points.

• Nifty October futures shed 0.60%, and 1,442 shares in Open Interest.

• Nifty Bank October futures ended at 39,639.25, a premium of 98.75 points.

• Nifty Bank October futures added 4.70%, and 3,090 shares in Open Interest.

• Securities in the ban list: Amararaja Batteries, BHEL, Escorts, Sun TV, Vodafone Idea, Nalco

• Securities removed from the ban list: Indiabulls Housing Finance

• Securities added to the ban list: IRCTC, SAIL, Punjab National Bank