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Stocks To Watch: Axis Bank, SBI Cards, Hero Motocorp, Cipla, Maruti, Pidilite, Macrotech Developers

Here are the stocks to watch in trade today..

<div class="paragraphs"><p>The Bombay Stock Exchange logo on barrier tape at the bourse in Mumbai. (Photographer: Dhiraj Singh/Bloomberg)</p></div>
The Bombay Stock Exchange logo on barrier tape at the bourse in Mumbai. (Photographer: Dhiraj Singh/Bloomberg)

U.S. equity futures and Asian stocks declined Tuesday after volatility on Wall Street stoked by concerns over Federal Reserve policy tightening and geopolitical tension.

The Singapore-traded SGX Nifty, an early indicator of India's Nifty 50 Index's performance, fell 0.48% to 16,975.50 as of 7:45 a.m.

Here are the stocks to watch in today's trade:

  • Future Retail: The company said that it missed interest payments due on 5.6% Senior Secured Notes (USD).

  • IndiaMart: The company has entered into an agreement to invest Rs. 61.55 crores in Simply Vyapar Apps in its Series B Investment Round by subscribing 1,809 Series B compulsorily convertible preference shares and purchasing 444 equity shares.

  • Hero Motocorp: The company has approved an investment of Rs 700 crore in one or more tranches, in Hero FinCorp.

  • IIFL Securities: The company declared an interim dividend of Rs 3 per share.

  • HDFC Mutual Fund: The company has appointed Naozad Sirwalla as the Chief Financial Officer with effect from February 1, replacing Piyush Surana.

  • NACL: To consider declaration of interim dividend on Jan. 28.

  • Alkem Laboratories: To consider declaration of interim dividend on Feb. 4.

  • Kirloskar Ferrous: The company announced interim dividend of Rs 2.5 per share.

  • Mannapuram Finance: To consider declaration of interim dividend on Feb. 14.

  • GMM Pfaudler: To consider declaration of interim dividend on Feb. 3.

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Earnings Post Market Hours

Axis Bank Q3FY22

  • Net Profit: Rs 3,614 crore vs Rs 1,116.6 crore (YoY) (Bloomberg Estimate: 3,216 crore)

  • NII at Rs 8,653 crore Vs Rs 7,373 crore (YoY)

  • GNPA at 3.17% Vs 3.53% (QoQ)

  • NNPA at 0.91% Vs 1.08% (QoQ)

SBI Cards and Payment Services Q3FY22 (Consolidated, YoY)

  • Revenue up 20% at Rs 2,889.46 crore Vs Rs 2,408.37 crore

  • Net profit up 84% at Rs 385.78 crore Vs Rs 209.66 crore

  • Gross NPA at 2.40%

  • Net NPA at 0.83%

Deepak Nitrite Q3FY22 (Consolidated, YoY)

  • Revenue up 39% at Rs 1,722.27 crore Vs Rs 1,234.69 crore

  • Net profit up 12% at Rs 242.46 crore Vs Rs 216.56 crore

  • Ebitda up 5% at Rs 351.85 crore Vs Rs 335.04 crore

  • Margins at 20.4% Vs 27.1%

The Ramco Cements Q3FY22 (Consolidated, YoY)

  • Revenue up 16% at Rs 1,552.50 crore Vs Rs 1,343.89 crore

  • Net profit down 63% at Rs 75.62 crore Vs Rs 206.71 crore

  • Ebitda down 43% at Rs 228.92 crore Vs Rs 398.15 crore

  • Margins at 14.7% Vs 29.6%

Shriram Transport Finance Co Q3FY22 (Consolidated, YoY)

  • NII up 10% at Rs 2,430.61 crore Vs Rs 2,202.11 crore

  • Net profit down 6% at Rs 680.62 crore Vs Rs 727.72 crore

  • Approved fundraising under the upsized $3.50 billion Global Medium Term Note Programme.

  • Approved raising of funds through public issue of redeemable NCDs in domestic market of up to Rs 10,000 crore.

  • Approved issuance of redeemable NCDs/subordinated debentures on private placement basis for purpose of business of the company up to Rs 35,000 crore

Burger King Q3FY22 (YoY)

  • Revenue up 72% at Rs 279.89 crore Vs Rs 163.19 crore

  • Net loss at Rs 15.15 crore Vs Rs 29.02 crore

  • Ebitda at Rs 32.81 crore Vs Rs 15.2 crore

  • Margin 11.7% Vs 9.3%

Opinion
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Offerings

  • SEBI has approved the IPO proposal of Manyavar brand owner Vedant Fashions. The issue will be a pure offer for sale and will open on Feb. 4 and close on Feb. 8.

  • Ethos has sought SEBI approval to raise as much as Rs 400 crore ($53.6 million) selling new shares in an initial public offering

Earnings Today

Maruti Suzuki India, Cipla, Pidilite Industries, Macrotech Developers, SRF, United Spirits, Torrent Pharmaceuticals, Aditya Birla Sun Life AMC, APL Apollo Tubes, Brightcom Group, Astec Lifesciences, Best Agrolife, Can Fin Homes, CarTrade Tech, Cosmo Films, Federal Bank, Finolex Industries, Indiabulls Real Estate, Icra, Ion Exchange (India), MPS, Raymond, RPG Life Sciences, Star Cement, Swaraj Engines, Symphony, TeamLease Services

Opinion
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Who’s Meeting Whom

  • Macrotech Developers: To meet investors and analysts on Jan. 27.

  • Britannia: To meet investors and analysts on Jan. 31.

  • MPS: To meet investors on Jan. 25.

  • Central Bank of India: To meet investors and analysts on Jan. 28.

  • RBL Bank: To meet investors and analysts on Jan. 27.

  • HSIL: To meet investors and analysts on Jan. 28.

  • IDFC: To meet investors and analysts on Jan. 29.

  • Aditya Birla Capital: To meet investors and analysts on Feb. 4.

  • Raymond: To meet investors and analysts on Jan. 27.

  • Metro Brands: To meet Sundaram Mutual Fund on Jan. 25.

  • Kirloskar Ferrous: To meet investors and analysts on Jan. 25.

  • Tips Industries: To meet investors and analysts on Jan. 25.

  • Vaibhav Global: To meet investors and analysts on Jan. 28.

  • Chalet Hotels: To meet investors and analysts on Jan. 28.

  • Crompton Greaves: To meet investors and analysts on Jan. 31.

  • Transport Corporation: To meet investors and analysts on Jan. 27.

  • TCI Express: To meet investors and analysts on Jan. 28.

  • Tech Mahindra: To meet investors and analysts on Feb. 1.

  • Privy Speciality Chemicals: To meet investors and analysts on Jan. 28.

  • Hindutstan Media: To meet investors and analysts on Jan. 28.

  • Rossari Biotech: To meet investors and analysts on Jan. 31.

  • GHCL: To meet investors and analysts on Jan. 27.

  • KEH: To meet investors and analysts on Feb. 1.

  • Subros: To meet investors and analysts on Jan. 28.

Opinion
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Pledged Shares Details

  • Chambal Fertilisers & Chemicals: Promoter Zuari Global created a pledge of 2.8 lakh shares on Jan. 20.

  • Emami: Promoter Group Sneha Enclave created a pledge of 7.11 lakh shares between Jan. 19 and Jan. 20.

    Promoter Group Suraj Finvest created a pledge of 6.04 lakh shares between Jan. 19 and Jan. 20.

Trading Tweaks

  • Price Band Revised From 10% To 20%: Dollar Industries

  • Record Date Interim Dividend: CESC, Angel One

  • Ex-Date Interim Dividend: L&T Technology Services

Opinion
Morgan Stanley Says ‘Winter Is Here’ for Stocks