Stocks To Watch: Apollo Tyres, Blue Star, HDFC, Jubliant Foodworks, Dabur, Tata Consumer, M&M Financial, Zee
Here are the stocks to watch in trade today..
Asian stocks rose Wednesday amid a recovery in U.S. shares spurred by the corporate earnings outlook and signs that Federal Reserve officials favor measured monetary-policy tightening.
Equities advanced in Japan and Australia, among the few markets open in Asia due to the Lunar New Year holiday. U.S. Treasuries were little changed and a dollar gauge held a retreat.
The Singapore-traded SGX Nifty, an early indicator of India's Nifty 50 Index’s performance, climbed 0.67% to 17,715 as of 7:45 a.m.
Here are the stocks to watch in trade today:
Future Retail: The company has failed to pay Rs 3,494.56 crore to consortium banks and lenders under the One Time Resolution agreement. The amount was due on Dec. 31.
Tata Teleservices: The company has changed its decision to convert AGR related interest into equity. Following a communication with Department of Telecommunication has informed the company that the NPV of the interest which is eligible for conversion into equity is only Rs195.22 crore as against company’s calculation of Rs 850 crore. Therefore, the company has now opted for deferment of 4 years.
PNB Housing: The company’s chairman CH S.S. Mallikarjuna Rao has resigned consequent to completion of his tenure as MD & CEO.
BPCL: The company has approved proposal for evaluating the option of putting up a Polypropylene unit at Kochi Refinery and to discontinue the Polyols project due to revised cost estimates are higher than the original estimate.
Star Cement: The company’s Chairman and Managing Director Sajjan Bhajanka shall act as Chairman, Managing Director and Chief Executive Officer consequent to the resignation of CEO Sanjay Kumar Gupta.
IFCI: The company has called an Extraordinary General Meeting on Feb. 24 to approve issue of equity shares aggregating upto Rs 100 crore by way of preferential allotment to Government of India.
Dalmia Bharat: The company added its ground-mounted solar power plant capacity to 17.1MW (from 2.4MW in 2014), in Cuttack, Odisha.
Eicher Motors: The company reported 15% fall in sales in January on YoY basis.
Anupam Rasayan: The company approved the acquisition of 24.96% of the total equity shareholding of and joint control of Tanfac Industries from Birla Group Holdings and few other promoter groups of TIL and the launching of an open offer to acquire a further 26% shareholding from the public shareholders of TIL. The consideration for the acquisition of shares is Rs 148.14 crores and the open offer (assuming full acceptance) is Rs 154.31 crores, which will be funded through debt.
Bharat Forge: The company along with Bharat Forge International has acquired additional 366,451 fully diluted equity shares of Tewa Motors pursuant to the conversion of the Convertible Loan Note. The shareholding in Tewa Motors has now increased from 34.45% to 39.71%.
Shree Cement: The company commenced commercial production at its Clinker Grinding Unit having capacity of 3.0 MTPA set-up at Patas in Pune District of Maharashtra.
JM Financial: The company will consider declaration of interim dividend on Feb. 7.
ASM Technologies: The company has entered a joint venture Hind High Vacuum to undertake design led engineering and manufacturing of tools, sub-systems, sub-system components and components for the semiconductor and solar industries. The company also declared third interim dividend of Rs 2.5 per share.
Amber Enterprise: The company has entered into the definitive agreements with Pravartaka Tooling Services and acquired 60% stake in its equity share capital.
Earnings To Watch
HDFC
Adani Green Energy
Adani Total Gas
Jubilant FoodWorks
Tata Consumer Products
Mahindra & Mahindra Financial Services
Zee Entertainment Enterprises
Alkyl Amines Chemicals
Apollo Tyres
Dabur India
Balaji Amines
Blue Star
IIFL Wealth Management
Indian Overseas Bank
JK Lakshmi Cement
GE T&D India
Eclerx Services
Future Consumer
Gillette India
Timken India
Triveni Engineering & Industries
Acrysil, Sheela Foam
Asian Star Co.
Avadh Sugar & Energy
Bajaj Consumer Care
Balrampur Chini Mills
BLS International Services
DCW
Dhanuka Agritech
Lloyds Steels Industries
Maharashtra Seamless
MAS Financial Services
Meghmani Organics
Paushak, Reliance Capital
V-Guard Industries
Sandhar Technologies
Somany Ceramics
Suryoday Small Finance Bank
VRL Logistics
Welspun Enterprises
Zydus Wellness
Earnings Post Market Hours
Tech Mahindra Q3 FY22 (Consolidated, QoQ)
Revenue up 5% at Rs 11,450.80 crore vs Rs 10,881.30 crore
Net profit up 2% at Rs 1,368.50 crore vs Rs 1,338.70 crore
Ebit up 3% at Rs 1,697.90 crore vs Rs 1,652.20 crore
Margin at 14.8% vs 15.2%
Adani Ports and SEZ Q3 FY22 (Consolidated, YoY)
Revenue up 1% at Rs 3,797.10 crore vs Rs 3,746.49 crore
Net profit down 6% at Rs 1,472.26 crore vs Rs 1,561.47 crore
Ebitda down 10% at Rs 2,418.61 crore vs Rs 2,694.19 crore
Margin 63.7% vs 71.9%
P&G Hygiene and Healthcare Q3 FY22 (YoY)
Revenue up 7% at Rs 1,092.98 crore vs Rs 1,018.44 crore
Net profit down 15% at Rs 212.06 crore vs Rs 250.62 crore
Ebitda down 13% at Rs 296.47 crore vs Rs 342.41 crore
Margin at 27.1% vs 33.6%
Declared an interim dividend of Rs 95 per share
Indian Hotels Co. Q3 FY22 (Consolidated, YoY)
Revenue up 98% at Rs 1,111.22 crore vs Rs 559.86 crore
Net profit at Rs 95.96 crore vs Net loss of Rs 133.22 crore
Ebitda gain of Rs 321.75 crore vs Ebitda loss of Rs 16.74 crore
Cholamandalam Investment and Finance Company Q3 FY22 (Standalone, YoY)
NII up 9% at Rs 1,484.06 crore vs Rs 1,364.39 crore
Net profit up 28% at Rs 523.79 crore vs Rs 408.86 crore
Poonawalla Fincorp Q3 FY22 (Consolidated, YoY)
NII up 2% at Rs 326.52 crore vs Rs 319.69 crore
Net profit at Rs 96.47 crore vs Rs 12.99 crore
To raise up to Rs 4,000 crore via bonds
Budget 2022: India Pegs FY23 Fiscal Deficit At 6.4%, Gross Borrowings At Rs 14.95 Lakh Crore
Block Deals
Embassy Office Parks REIT:
Stichting Pensioenfonds ABP bought 40.78 lakh units at the price of Rs 367.74 apiece.
Stichting Depositary APG Tactical Real Estate Pool sold 40.78 lakh units at Rs 367.74 apiece.
DLF:
Stichting Pensioenfonds ABP bought 19.52 lakh (0.07%) shares at the price of Rs 390.9 apiece.
Stichting Depositary APG Tactical Real Estate Pool sold 19.52 lakh (0.07%) shares at Rs 390.9 apiece.
Pledged Shares Details
Future Enterprises: Promoter Group Central Departmental Stores invoked a pledge of 10.55 lakh shares between Jan. 18 and Jan. 21.
Godawari Power & Ispat:
Promoter Bajrang Lal Agrawal revoked a pledge of 65 lakh shares between Jan. 28 and Jan. 29.
Promoter Dinesh Kumar Agrawal revoked a pledge of 69.30 lakh shares between Jan. 28 and Jan. 29.
Promoter Hanuman Prasad Agrawal revoked a pledge of 45 lakh shares between Jan. 28 and Jan. 29.
Promoter Narayan Prasad Agrawal revoked a pledge of 20.70 lakh shares between Jan. 28 and Jan. 29.
Aurobindo Pharma: Promoter Group RPR Sons Advisors and Mrs. P. Suneela Rani revoked a pledge of 1.11 crore shares on Jan. 30.
Insider Trades
Mastek: Promoter & Director Ashank Desai bought 4,000 shares between Jan. 27 and Jan. 28.
Who's Meeting Whom
TVS Motor: To meet investors and analysts on Feb. 7.
Emami: To meet investors and analysts on Feb. 3.
Glenmark: To meet investors and analysts on Feb. 9.
CMS Info Systems: To meet investors and analysts on Feb. 7.
Kie Industries: To meet DSP Mutual Fund on Feb. 2.
Barbeque Nation: To meet investors and analysts on Feb. 3.
BSE: To meet investors and analysts on Feb. 8.
Zee Entertainment: To meet investors and analysts on Feb. 2.
Welspun: To meet investors and analysts on Feb. 3.
Kalyan Jewelers: To meet investors and analysts on Feb. 4.
Olectra Greentech: To meet investors and analysts on Feb. 2.
Globus Spirits: To meet investors and analysts on Feb. 11.
Coromandal International: To meet investors and analysts on Feb. 4.
Eldeco: To meet investors and analysts on Feb. 10.
Lumax: To meet investors and analysts on Feb. 14.
Trading Tweaks
Record Date Interim Dividend: Orient Electric, PBCL
Record Date Income Distribution: India Grid Trust
Ex-Date Interim Dividend: Cosmo Films, Share India Securities, Sharda Cropchem, Torrent Pharmaceuticals, Container Corporation of India, Wendt (India)
Move Into Short-Term ASM Framework: Lux Industries
Move Out Of Short-Term ASM Framework: Responsive Industries