Stocks To Watch: Bajaj Auto, Bajaj Holdings, Bajaj Finserv, Colgate Palmolive, InterGlobe Aviation, Jubilant Foodworks, SpiceJet, Tata Motors
A road traffic sign sits on display at Canary Wharf in London. (Photographer: Simon Dawson/Bloomberg)

Stocks To Watch: Bajaj Auto, Bajaj Holdings, Bajaj Finserv, Colgate Palmolive, InterGlobe Aviation, Jubilant Foodworks, SpiceJet, Tata Motors

Asian stocks opened modestly in the green as investors weighed signs of economies continuing to reopen against the need for further stimulus down the road.

Shares in Japan, South Korea and Australia edged up, with gains shallower than overnight in the Wall Street session.

The Singapore-traded SGX Nifty, an early indicator of NSE Nifty 50 Index’s performance in India, fell 0.15 percent to 9,071 as of 6:40 a.m.

Here are the stocks to watch in trade today:

  • Aviation Stocks: Aviation Minister Hardeep Singh Puri stated that domestic civil aviation operations to recommence in a calibrated manner from May 25. All airports & air carriers are being informed to be ready for operations from May 25. Standard of procedures for passenger movement are also being separately issued by the ministry.
  • Monsanto India: Delhi High Court has dismissed plea by Monsanto to quash investigation initiated by the Competition Commission of India against the company in February 2016. The investigation against Monsanto was initiated by the CCI over a complaint which alleged abuse of dominant position by Monsanto in manufacture and sale of BT Cotton seeds in India.
  • Tata Motors: Board approved offering for subscription of NCDs aggregating to Rs 1,000 crore, on a private placement basis.
  • Blue Star: CARE Ratings reaffirmed credit rating for long term and short term credit facilities at AA+ but the rating outlook has been revised from Stable to Negative due to temporary shutdown of manufacturing facilities, and expected lower demand of consumer durables in the near to medium term as a consequence of the lockdown imposed due to COVID-19 pandemic. The outlook may be revised to ‘Stable’ in case of faster than anticipated recovery in demand resulting in sustained improvement in the Company’s business and financial risk profile.
  • Dr Reddy’s Laboratories: Board has re-appointed G V Prasad as co-chairman and managing director of the company January 2026.
  • Adani Enterprises has raised Rs 400 crore via NCDs.
  • Kalpataru Power Transmission: Board approved buyback of upto 72.72 lakh shares (4.7 percent of paid up equity capital) at a maximum price of Rs 275 per share, aggregating to Rs 200 crore. Buy back price is at a premium of 43 percent to the closing prices as on May 20. Company said that it has received new orders of Rs 909 crore in the current fiscal year till date. Board approved proposal to raise Rs 300 crore via NCD issue.
  • Deepak Ferilisers & Chemicals to consider rights share issue on May 25.

Nifty Earnings

Bajaj Auto Q4 (Standalone, YoY)

  • Revenue down 8.2 percent at Rs 6,816 crore (Est Rs 6,481 crore)
  • Net profit flat at Rs 1,310 crore versus Rs 1,306 crore (Est Rs 991 crore)
  • EBITDA up 2.1 percent at Rs 1,253 crore (Est Rs 1,025 crore)
  • Margins at 18.4 percent versus 16.5 percent (Est 15.8 percent)
  • Better then estimated numbers aided by International business
  • Realizations up 11 percent at Rs 68,711 per unit aiding margins

Other Earnings

Jubilant Foodworks Q4 (Standalone, YoY)

  • Revenue up 3.8 percent at Rs 897.9 crore (Est Rs 855 crore)
  • Net profit down 71.6 percent at Rs 21 crore (Est Rs 54 crore)
  • EBITDA up 14.8 percent at Rs 169.5 crore (Est Rs 147 crore)
  • Margins at 18.9 percent vs 17.1 percent

Ajanta Pharma Q4 (Consolidated, YoY)

  • Revenue up 32.4 percent at Rs 682 crore (Est Rs 642 crore)
  • Net profit up 45.3 percent at Rs 129.2 crore (Est Rs 118 crore)
  • EBITDA up 18.9 percent at Rs 151.3 crore (Est Rs 178 crore)
  • Margins at 22.2 percent versus 24.7 percent

Mahindra Logistics Q4 (Consolidated, YoY)

  • Revenue down 20 percent at Rs 811.8 crore (Est Rs 858 crore)
  • Net profit down 59 percent at Rs 9.8 crore (Est Rs 12 crore)
  • EBITDA down 6.8 percent at Rs 38.1 crore (Est Rs 33 crore)
  • Margins at 4.7 percent versus 4 percent

JK Lakshmi Cement Q4 (Standalone, YoY)

  • Revenue down 9.5 percent at Rs 1,061.2 crore (Est Rs 1,101 crore)
  • Net profit up 2.3 times at Rs 100.8 crore (Est Rs 65 crore)
  • EBITDA up 54 percent at Rs 202.1 crore (Est Rs 174 crore)
  • Margins at 19 percent versus 11.2 percent

Kalpataru Power Transmission Q4 (Standalone, YoY)

  • Revenue down 7.5 percent at Rs 2,303 crore (Est Rs 2,386 crore)
  • Net profit down 21.9 percent at Rs 107 crore (Est Rs 141 crore)
  • EBITDA down 4.9 percent at Rs 253 crore (Est Rs 254 crore)
  • Margins at 11 percent versus 10.7 percent

Strides Pharma Science Q4 (Consolidated, YoY)

  • Revenue flat at Rs 618.6 crore versus Rs 616.2 crore (Est Rs 750 crore)
  • Net loss at Rs 203.9 crore versus Net profit at Rs 47.5 cr (Est Net Profit at Rs 59 crore)
  • EBITDA down 9.6 percent at Rs 83.6 crore (Est Rs 165 crore)
  • Margins at 13.5 percent versus 15 percent

Birlasoft Q4 (Consolidated, QoQ)

  • $ Revenue up 7.5 percent at $125.6 million
  • Revenue up 8.9 percent at Rs 907 crore
  • Net profit down 5.1 percent at Rs 69 crore
  • EBITDA up 8.8 percent at Rs 116.7 crore
  • Margins flat at 12.9 percent

Grindwell Norton Q4 (Consolidated, YoY)

  • Revenue down 9.7 percent at Rs 365.9 crore
  • Net profit down 2.4 percent at Rs 41.4 crore
  • EBITDA down 10.9 percent at Rs 60.3 crore
  • Margins at 16.5 percent versus 16.7 percent

Earnings Today

  • Bajaj Finserv
  • Bajaj Holdings & Investment
  • Hindustan Zinc
  • Birla Corporation
  • Colgate Palmolive
  • Hawkins Cookers
  • Tata Metaliks
  • VST Industries
  • Quickheal Technologies
  • Jubilant industries
  • BSE
  • Apcotex
  • Aptech

Resumption Of Operations

  • Atul Auto
  • Shalimar Paints
  • LGB Forge
  • Mishra Dhatu Nigam
  • Singer India

Bulk Deals

  • Reliance Industries (Rights Entitlement): Societe Generale acquired 32.58 lakh shares at Rs 182.06 per share and Bank of New York sold 1.03 crore shares at Rs 187.31 per share.

Pledged Share Details

  • Amara Raja Batteries promoter Ringalla Family revoked pledge of 28.4 lakh shares from May 15-19
  • Sun Pharma promoter Shanghvi Finance created pledge of 31 lakh shares on May 18

(As Reported On May 20)

Who’s Meeting Whom

  • Allcargo Logistics to meet Edelweiss Securities on May 21

Trading Tweaks

  • Move Into ASM Framework: Shoppers Stop, RattanIndia Power
  • Move Out Of Short-Term ASM Framework: Uniply Industries, Ashapura Minechem, Shilpa Medicare, Century Extrusions

Insider Trading

  • TV Today Network promoter Aroon Purie acquired 1.15 lakh shares on May 19
  • Mindtree promoter Subroto Bagchi sold 7,000 shares on May 19

(As Reported On May 20)

F&O Cues

Index Futures

  • Nifty May futures closed at 9067, premium of 0.1 points versus 5 points premium
  • Nifty May futures open interest down 1.6 percent, sheds 1.2 lakh shares in open interest
  • Nifty Bank May futures closed at 17837, discount of 4 points versus 48 points discount
  • Nifty Bank May futures open interest down 7.7 percent, sheds 1 lakh shares in open interest

Options

  • Nifty PCR at 1.18 versus 1.02 (across all series)

Nifty Weekly Expiry: May 21

  • Max open interest on call side at 9200 (16.4 lakh shares)
  • Max open interest on put side at 8800 (16.9 lakh shares)
  • Active Options: 8900 Put (+6.6 lakh shares), 9100 Call (+5.9 lakh shares)

Nifty Monthly Expiry: May 28

  • Max open interest on call side at 10000 (24.5 lakh shares)
  • Max open interest on put side at 9000 (25.6 lakh shares)

Securities In Ban

  • Vodafone Idea
Stocks To Watch: Bajaj Auto, Bajaj Holdings, Bajaj Finserv, Colgate Palmolive, InterGlobe Aviation, Jubilant Foodworks, SpiceJet, Tata Motors
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