Stock Market Today: All You Need To Know Going Into Trade On April 27

Stocks declined on Wednesday amid mixed corporate earnings, worries that Russia may choke gas flows to Europe, China’s pandemic struggles and the prospect of aggressive Federal Reserve monetary tightening.

Equities fell in Japan, Australia and South Korea. U.S. equity futures were volatile after the S&P 500 fell to a six-week low. The Nasdaq 100 plumbed levels last seen in 2021. Gains in Microsoft Corp. in late trading on better-than-expected results alleviated some of the gloom. The euro fell to its weakest level since 2017.

The Singapore-traded SGX Nifty, an early barometer of India's benchmark Nifty 50, fell over 1.25% to 16,973.50 points as of 7:00 am.

The energy brinkmanship and disappointment over earnings from the likes of Alphabet Inc. and Texas Instruments Inc. sowed further doubts about the outlook for markets.

Elsewhere, crude oil climbed to $102 a barrel and gold was steady around $1,905 an ounce. Bitcoin nursed losses at around $38,100.

Bajaj Finance Q4 FY22 (Consolidated)

• Net Profit: Rs 2,419.51 crore vs Rs 1,346.64 crore (YoY)

• Total Income: Rs 8,630.28 crore vs Rs 6,454.94 crore (YoY)

• Gross NPAs: 1.60% vs 1.73% (QoQ)

• Net NPAs: 0.68% vs 0.78% (QoQ)

• Recommended dividend of Rs 20 per share

Macrotech Developers Q4 FY22 (Consolidated, YoY)

• Net profit up 72.4% at Rs 535.46 crore vs Rs 310.56 crore

• Revenue up 36% at Rs 3,444.56 crore vs Rs 2,533.56 crore

• EBITDA up 7.8% at Rs 871.25 crore vs Rs 808.39 crore

• EBITDA margin: 25.3% Vs 32%

Schaeffler Q4 FY22 (Consolidated, YoY)

• Net profit up 48.43% at Rs 207.12 crore vs Rs 139.54 crore

• Revenue up 19% at Rs 1,567.51 crore vs Rs 1,316.82 crore

• EBITDA up 45% at Rs 308.47 crore vs Rs 212.87 crore

• EBITDA margin at 19.7% vs 16.2%

AU Small Finance Bank Q4 FY22 (Consolidated, YoY)

• Net profit up 105% at Rs 346.07 crore vs Rs 168.97 crore

• NII up 43% at Rs 936.56 crore vs Rs 655.83 crore

• Gross NPAs: 1.98% vs 4.25% (QoQ)

• Net NPAs: 0.50% vs 2.18% (QoQ)

• Recommended bonus issue in 1:1 ratio

• Recommended dividend of Rs 1 per share

• Increased authorised capital to Rs 1,200 crore

Nippon Life India Asset Management Q4 FY22 (Consolidated, QoQ)

• Net profit rose 0.46% to Rs 174.85 crore

• Revenue fell 0.17% to Rs 337.97 crore

• EBIT fell 2.28% to Rs 201.02 crore

• EBIT margin stood at 59.48% vs 60.77%

• AUMs as on March 31, 2022: Rs 3,45,604 crore

• Recommended dividend of Rs 7.5 per share

Mahindra Logistics Q4 FY22 (Consolidated, QoQ)

• Net profit up 107% at Rs 11.68 crore

• Revenue fell 4% to Rs 1,072.68 crore

• EBITDA up 15.3% at Rs 54.96 crore

• EBITDA margin at 5.12% vs 4.26%

• Recommended dividend of Rs 2 per share

Aditya Birla Sun Life AMC Q4 FY22 (Consolidated, QoQ)

• Revenue fell 3.2% at Rs 323.52 crore Vs Rs 334.29 crore

• EBIT fell 19.2% at Rs 186.95 crore Vs Rs 231.39 crore

• EBIT margin 57.79% Vs 69.22%

• Net profit fell 14.8% at Rs 158.51 crore Vs Rs 186.23 crore

• Recommended dividend of Rs 5.85 per share

Tata Coffee Q4 FY22 (Consolidated, QoQ)

• Revenue up 4.3% at Rs 227.12 crore Vs Rs 217.65 crore

• EBITDA up 1.5% at Rs 24.43 crore Vs Rs 24.06 crore

• EBITDA Margin 10.76% Vs 11.05%

• Net profit fell 33.2% at Rs 26.83 crore Vs Rs 40.19 crore

• Recommended dividend of Rs 2 per share on face value Rs 1

Nelco Q4 FY22 (Consolidated, QoQ)

• Revenue fell 0.5% at Rs 71.69 crore Vs Rs 72.06 crore

• EBIT 10.3% at Rs 14.67 crore Vs Rs 16.35 crore

• EBIT Margin 20.46% Vs 22.7%

• Net profit fell 42.4% at Rs 3.03 crore Vs Rs 5.26 crore

• Recommended dividend of Rs 1.8 per share of face value of Rs 10

United Breweries Q4 FY22 (Consolidated, YoY)

• Revenue up 1.3% at Rs 3,664.71 crore Vs Rs 3,618.09 crore

• EBITDA fell 0.32% at Rs 261.47 crore Vs Rs 262.3 crore

• EBITDA margin 7.13% Vs 7.25%

• Net profit fell 83.2% at Rs 163.4 crore Vs 971.4 crore. It recorded impairment loss of Rs 68.8 crore on Property, Plant and Equipment and Goodwill.

• Recommended dividend of Rs 10.5 per share of Rs 1.

• Reliance: Reliance and TA’ZIZ will enter a joint venture to construct and operate a Chlor-Alkali, Ethylene Dichloride and Polyvinyl Chloride production facility. The total investment for the project is over $2 billion (AED 7.34 billion).

• Wipro: The company has signed definitive agreement to acquire US based Rizing Intermediate Holdings for $540 million for the SAP consulting firm. The acquisition is subject to regulatory approvals and is expected to close before the end of the quarter ending June 30, 2022.

• Infosys: The company has collaborated with Nu Skin to help scale its business model with social commerce-based capabilities.

• Adani Enterprise: The company alloted of 2,400 Redeemable Non-Convertible Debentures of the face value of Rs. 10 lakh each on private placement basis.

• Omaxe: The company secured Rs 440 crore funding from Värde Partners. It will deploy the funds for expediting construction and delivery of its projects as well as for expansion.

• Zydus Lifesciences: COVID-19 vaccine, ZyCoV-D has received emergency use authorisation from the Drug Controller General of India as a two-dose vaccine with a 28-day gap period. Earlier, the vaccine was approved in a three-dose regimen to be administered on day 0, day 28 and day 56.

• PB Fintech: The company appointed Alok Bansal as Executive Vice Chairman and Mandeep Mehta as the chief financial officer effective May 2. It has also received approval from RBI to increase its stake in MyLoanCare Ventures from 24.93% to 70.10% with further investment of Rs 36.6 crore.

• CARE Ratings: MD and CEO Ajay Mahajan has resigned citing personal reasons. The company has accepted his resignation. Ajay Mahajan will be relieved from the role on May 31, 2022. He will also cease to be a Key Managerial Personnel of the company.

Earnings: Apcotex Industries, Bajaj Auto, Chennai Petroleum Corporation, Hatsun Agro Product, HDFC Asset Management Company, Hindustan Unilever, Indian Energy Exchange, Indian Hotels Company, K.P.R. Mill, Mahindra Lifespace Developers, Persistent Systems, Supreme Petrochem, Swaraj Engines, Syngene International, Trent

Rainbow Children Medicare will open its initial public offering on April 27 with issue size of 2.94 crore shares worth Rs 1,300.8 crore at the upper end of the price band of Rs 516-542 apiece. Anchor investors subscribed to 86,63,404 equity shares at Rs 542 per share.

• Swan Energy: Promoter Group Dave Impex created a pledge of 1.6 lakh shares on April 25.

• Endurance Technology: SBI Mutual Fund bought 12.6 lakh (0.89%) shares at Rs 1162 apiece.

• Mindspace Business Parks REIT: Promoter Group Ravi C. Raheja and Promoter Group Neel C. Raheja sold 57.25 lakh (0.96%) shares each on April 22. Promoter Case Maria Properties LLP bought 57.25 lakh (0.96%) shares on April 22.

• GMDC: To meet investors and analysts on April 27.

• United Breweries: To meet investors and analysts on April 27.

• IHCL: To meet investors and analysts on April 27.

• SBI Life Insurance: To meet investors and analysts on April 28.

• IIFL Finance: To meet investors and analysts on April 29.

• IndiaMart: To meet investors and analysts on April 29.

• Record Date Face Value Split: Saregama India

• Ex-Date Annual General Meeting/Dividend: ABB India

• Move Into Short-Term ASM Framework: HBL Power Systems

• Move Out Of Short-Term ASM Framework: Hexa Tradex, Arman Financial Services

The rupee ended Rs 76.57 at against the U.S. Dollar on Tuesday as compared to Monday's closing of 76.69.

• Nifty April futures ended at 17,211.50, a premium of 10.7 points.

• Nifty April futures shed 16.49% and 24,157 shares in Open Interest.

• Nifty Bank April futures ended at 36,436, a premium of 31.2 points.

• Nifty Bank April futures shed 24.2% and 18,632 shares in Open Interest.

• Cyient - Citec Acquisition To Drive Long-Term Growth: IDBI Capital

• India IT Sector Check - Revenue Growth To Slow Down; Cost Headwinds To Curtail Margins: ICICI Securities

• Quick Service Restaurants - Sales Momentum Strong; Price Increases Absorbed: Motilal Oswal

• NTPC - Moving In Right Direction: ICICI Direct

• Infra Sector Check - Ample Assurance; Inflationary Pressures, The Key Monitorable: Anand Rathi

• Rainbow Children’s Medicare IPO - Focused Paediatric, Obstetrics Player: ICICI Direct