Stocks To Watch: Bajaj Auto, Bajaj Finance, HDFC Life, HUL, Wipro
Here are the stocks to watch going into trade today..
Stocks declined on Wednesday amid mixed corporate earnings, worries that Russia may choke gas flows to Europe, China’s Covid 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, oil climbed to $102 a barrel and gold was steady around $1,905 an ounce. Bitcoin nursed losses at around $38,100.
Here are the stocks to watch in today's trade:
Reliance Industries: Reliance Industries 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 Post Market Hours
Bajaj Finance Q4 FY22 (Consolidated)
Net Profit: Rs 2,419.51 crore vs Rs 1,346.64 crore (YoY) (Bloomberg Estimate: Rs 2,438 crore)
Total Income: Rs 8,630.28 crore vs Rs 6,454.94 crore (YoY)
GNPA: 1.60% vs 1.73% (QoQ)
NNPA: 0.68% vs 0.78% (QoQ)
Recommended dividend of Rs 20 per share of face value Rs 2
Macrotech Developers Q4 FY22 (Consolidated, YoY)
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%
Net profit up 72.4% at Rs 535.46 crore Vs Rs 310.56 crore
Schaeffler Q4 FY22 (Consolidated, YoY)
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 19.7% Vs 16.2%
Net profit up 48.43% at Rs 207.12 crore Vs Rs 139.54 crore
AU Small Finance Bank Q4 FY22 (Consolidated, YoY)
Net interest up 43% at Rs 936.56 crore Vs Rs 655.83 crore
Net profit up 105% at Rs 346.07 crore Vs Rs 168.97 crore
GNPA: 1.98% Vs 4.25%
NNPA: 0.50% Vs 2.18%
Recommended bonus issue in 1:1 ratio
Recommended dividend of Rs 1 per share on pre-bonus share capital
Increased authorized capital to Rs 350 crore to Rs 1,200 crore
Nippon Life India Asset Management Q4 FY22 (Consolidated, QoQ)
Revenue fell 0.17% at Rs 337.97 crore Vs Rs 338.53 crore
EBIT fell 2.28% at Rs 201.02 crore Vs Rs 205.71 crore
EBIT margin 59.48% Vs 60.77%
Net profit up 0.46% at Rs 174.85 crore Vs Rs 174.05 crore
Assets under management as on March 31, 2022: Rs 3,45,604 crore
Recommended dividend of Rs 7.5 per share of face value Rs 10
Mahindra Logistics Q4 FY22 (Consolidated, QoQ)
Revenue fell 4% at Rs 1,072.68 crore Vs Rs 1,117.88 crore
EBITDA up 15.3% at Rs 54.96 crore Vs Rs 47.66 crore
EBITDA margin 5.12% Vs 4.26%
Net profit up 107% at Rs 11.68 crore Vs Rs 5.63 crore
Recommended dividend of Rs 2 per share of face value of Rs 10
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.
Earnings To Watch
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
Pledged Shares Details
Swan Energy: Promoter Group Dave Impex created a pledge of 1.6 lakh shares on April 25.
Block Deals
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.
Bulk Deals
Endurance Technology: SBI Mutual Fund bought 12.6 lakh (0.89%) shares at Rs 1162 apiece.
Offering
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.
Who's Meeting Whom
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.
Trading Tweaks
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