All You Need To Know Going Into Trade On October 21
Stocks in the news, big brokerage calls of the day, complete trade setup and much more!
Asian stocks were mixed early Thursday as investors weighed corporate earnings, elevated inflation and risks from China’s property sector.
Japanese shares edged down, while Australia and South Korea fluctuated. U.S. futures slipped after a mixed Wall Street session that saw the S&P 500 rise to the cusp of a record and the tech-heavy Nasdaq 100 dip. Tesla Inc.’s revenue fell short of estimates but third-quarter profit beat projections despite semiconductor and supply-chain challenges.
The Singapore-traded SGX Nifty, an early indicator of India's Nifty 50 Index’s performance, rose 0.1% to 18,334.50 as of 7:20 a.m.
The dollar remained lower, crude oil climbed and Bitcoin was around $66,000 after setting an all-time high.
Traders will be monitoring cash-strapped developer China Evergrande Group, which terminated talks to sell its property-management arm and asked for its shares to resume trading.
Earnings Post Market Hours
Havells India Q2FY22 (Consolidated, YoY)
Revenue up 32% at Rs 3,238.04 crore Vs Rs 2,459.49 crore
Net profit down 7% at Rs 302.39 crore Vs Rs 326.36 crore
Ebitda up 5% at Rs 444.97 crore Vs Rs 421.94 crore
Margin at 13.7% Vs 17.2%
Declared an interim dividend of Rs 3 per equity share
Tata Communications Q2FY22 (Consolidated, YoY)
Revenue down 5% at Rs 4,174.02 crore Vs Rs 4,401.08 crore
Net profit up 11% at Rs 425.38 crore Vs Rs 384.48 crore
Ebitda down 4% at Rs 1,112.85 crore Vs Rs 1,157.53
Margin at 26.7% Vs 26.3%
Hathway Cable & Datacom Q2FY22 (Consolidated, YoY)
Revenue up 4% at Rs 447.87 crore Vs Rs 431.24 crore
Net profit down 64% to Rs 18.93 crore Vs Rs 52.22 crore
Ebitda down 26% at Rs 89.16 crore Vs Rs 120.39 crore
Margin 19.9% Vs 27.9%
Tata Steel Long Products Q2FY22 (YoY)
Revenue up 38% at Rs 1,637.37 crore Vs Rs 1,185.86 crore
Net profit up 1.28 times at Rs 134.77 crore Vs Rs 59.05 crore
Ebitda up 32% at Rs 241.73 crore Vs Rs 183.56 crore
Margin at 14.8% Vs 15.5%
L&T Finance Holdings Q2FY22 (Consolidated, YoY)
NII up 6% at Rs 1,610.72 crore Vs Rs 1,519.32 crore
Net profit down 15% at Rs 224.03 crore Vs Rs 265.12 crore
Supreme Petrochem Q2FY22 (Standalone, YoY)
Revenue up 72% at Rs 1,190.76 crore Vs Rs 694.05 crore
Net profit up 47% at Rs 127.07 crore Vs Rs 86.15 crore
Ebitda up 51% at Rs 176.01 crore Vs Rs 116.4 crore
Margin 14.8% Vs 16.8%
Declared interim dividend of Rs 4 per equity share
Shoppers Stop Q2FY22 (Consolidated, YoY)
Revenue up 1.16 times at Rs 642.07 crore Vs Rs 296.98 crore
Net loss at Rs 3.58 crore Vs Rs 97.70 crore
Ebitda gain of Rs 72.32 crore Vs Ebitda loss of Rs 38.15
Angel Broking (Consolidated, QoQ)
Gross addition in client base by 1.3 mn clients vs 1.2 mn clients in Q1FY22
Total Income up 13.4% at Rs 538.2 cr vs Rs 474.5 cr
EBIDTA up 10.6% at Rs 183.9 cr vs Rs 166.3 cr
PAT up 10.6% at Rs 134.3 cr vs Rs 121.4 cr
Stocks To Watch
PNB Housing Finance: Board to meet on November 2 to consider issuance of Rs 2,000 crore worth non-convertible debentures on private placement basis.
Future Retail: Arbitral tribunal, constituted under SIAC, ruled in favour of Amazon on the jurisdictional issue in case against Future Group. Future Retail party to the arbitration agreement between Amazon and Future Coupons, tribunal said. Future Retail had argued that non-signatories to an arbitration agreement cannot be made party to the proceedings.
Jindal Stainless (Hisar): The company has commissioned 26,000 tonnes per annum capacity precision strip mill as part of the first phase of its latest brownfield expansion plan at its specialty products division. This capacity expansion takes the total precision strip production capacity to 48,000 TPA from the existing 22,000 TPA.
L&T Technology Services: Board has approved the scheme of amalgamation of Esencia Technologies India, Graphene Semiconductor Services and Seastar Labs, the wholly owned subsidiaries, with the company.
Mindtree: Dayapatra Nevatia has resigned as Executive Director and Chief Operating Officer of the company. Nevatia will be relieved from his duties w.e.f. from close of business hours on January 3, 2022.
Earnings: Asian Paints, JSW Steel, Biocon, Agro Tech Foods, IDBI Bank, LIC Housing Finance, Mphasis, Indian Energy Exchange, Borosil Renewables, Sterlite Technologies, TVS Motor Company, Can Fin Homes, CG Power and Industrial Solutions, Container Corporation of India, Gateway Distriparks, Heritage Foods, ICICI Lombard General Insurance Company, IIFL Securities, Indian Hotels Co., Indiamart Intermesh, Jubilant Industries, Lemon Tree Hotels, Kirloskar Pneumatic Co, Bank of Maharashtra, Music Broadcast, Sasken Technologies, South Indian Bank, Tanla Platforms, Trident, VST Industries
Who’s Meeting Whom
Gujarat Ambuja Exports: To meet UTI Asset Management Company and Lucky Investment Managers on October 21.
Brigade Enterprises: To meet Ambit Capital on October 21.
Trading Tweaks
Ex-Date Rights Issue: Texmaco Rail & Engineering
Ex-Date Stock Split: Vishwaraj Sugar Industries
Ex-Date Interim Dividend: HCL Technologies, Mindtree, Bhansali Engineering Polymers, Mishtann Foods, Ramkrishna Forgings
Ex-Date Final Dividend: Accelya Solutions India
Record Date Final Dividend: Rashtriya Chemicals & Fertilizers
Record Date Stock Split: Authum Investment & Infrastructure
Move Out Of Short-Term ASM Framework: Nureca, Mold-Tek Packaging, Centrum Capital
Money Market Update
The rupee ended at 74.87 against the U.S. Dollar on Wednesday as compared to Monday's closing of 75.34.
F&O Cues
Nifty October futures ended at 18,320, a premium of 53.4 points.
Nifty October futures shed 8.24%, and 19,768 shares in Open Interest.
Nifty Bank October futures ended at 39,677.90, a premium of 159.7 points.
Nifty Bank October futures shed 9.04%, and 6,216 shares in Open Interest.
Securities in the ban list: Amararaja Batteries, Escorts, Sun TV, Vodafone Idea, Nalco, IRCTC, SAIL, Punjab National Bank
Securities removed from the ban list: BHEL
Securities added to the ban list: L&T Finance Holdings, Tata Power
