Stocks To Watch: Adani Green, Tata Motors, Ujjivan Small Finance, Zee Entertainment, HFCL
India’s equity benchmarks closed higher for the third consecutive session marked by milestones, in which both the NSE Nifty 50 and S&P BSE Sensex hit record highs in intraday trade on Monday. Gains in power, auto, banking and utility stocks aided the advance.
The S&P BSE Sensex index rose 0.13% to 60,135.78. The 30-stock index hit a record 60,476.13 in intraday trade. The NSE Nifty 50 Index crossed 18,000 mark for the first time in intraday trade, before closing with gains of 0.28% at 17,945.95, a record close for the index. The 50-stock gauge hit a record 18,041.95 in intraday trade.
Here are the stocks to watch in trade today:
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
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%
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.
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.
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