Stocks To Watch: Havells, Supreme Petrochem, PNB Housing, Asian Paints, JSW Steel

Indian equity benchmarks closed lower on Wednesday for the second consecutive session and logged the most single-day decline in two weeks, dragged by metals and consumer durables stocks.

The S&P BSE Sensex index shed 0.74% to 61,259.96. The NSE Nifty 50 Index declined by similar magnitude to close at 18,266.60. Both the benchmarks slipped as much as 1% in intraday trade.

Here are the stocks to watch in trade today:

• PNB Housing Finance: Board to meet on November 2 to consider issuance of Rs 2,000 crore worth non-convertible debentures on private placement basis.

• Future Retail: Arbitral tribunal, constituted under SIAC, ruled in favour of Amazon on the jurisdictional issue in case against Future Group. Future Retail party to the arbitration agreement between Amazon and Future Coupons, tribunal said. Future Retail had argued that non-signatories to an arbitration agreement cannot be made party to the proceedings.

• Jindal Stainless (Hisar): The company has commissioned 26,000 tonnes per annum capacity precision strip mill as part of the first phase of its latest brownfield expansion plan at its specialty products division. This capacity expansion takes the total precision strip production capacity to 48,000 TPA from the existing 22,000 TPA.

• L&T Technology Services: Board has approved the scheme of amalgamation of Esencia Technologies India, Graphene Semiconductor Services and Seastar Labs, the wholly owned subsidiaries, with the company.

• Mindtree: Dayapatra Nevatia has resigned as Executive Director and Chief Operating Officer of the company. Nevatia will be relieved from his duties w.e.f. from close of business hours on January 3, 2022.

• Earnings: Asian Paints, JSW Steel, Biocon, Agro Tech Foods, IDBI Bank, LIC Housing Finance, Mphasis, Indian Energy Exchange, Borosil Renewables, Sterlite Technologies, TVS Motor Company, Can Fin Homes, CG Power and Industrial Solutions, Container Corporation of India, Gateway Distriparks, Heritage Foods, ICICI Lombard General Insurance Company, IIFL Securities, Indian Hotels Co., Indiamart Intermesh, Jubilant Industries, Lemon Tree Hotels, Kirloskar Pneumatic Co, Bank of Maharashtra, Music Broadcast, Sasken Technologies, South Indian Bank, Tanla Platforms, Trident, VST Industries

Earnings Post Market Hours

Havells India Q2FY22 (Consolidated, YoY)

• Revenue up 32% at Rs 3,238.04 crore Vs Rs 2,459.49 crore

• Net profit down 7% at Rs 302.39 crore Vs Rs 326.36 crore

• Ebitda up 5% at Rs 444.97 crore Vs Rs 421.94 crore

• Margin at 13.7% Vs 17.2%

• Declared an interim dividend of Rs 3 per equity share

Tata Communications Q2FY22 (Consolidated, YoY)

• Revenue down 5% at Rs 4,174.02 crore Vs Rs 4,401.08 crore

• Net profit up 11% at Rs 425.38 crore Vs Rs 384.48 crore

• Ebitda down 4% at Rs 1,112.85 crore Vs Rs 1,157.53

• Margin at 26.7% Vs 26.3%

Hathway Cable & Datacom Q2FY22 (Consolidated, YoY)

• Revenue up 4% at Rs 447.87 crore Vs Rs 431.24 crore

• Net profit down 64% to Rs 18.93 crore Vs Rs 52.22 crore

• Ebitda down 26% at Rs 89.16 crore Vs Rs 120.39 crore

• Margin 19.9% Vs 27.9%

Tata Steel Long Products Q2FY22 (YoY)

• Revenue up 38% at Rs 1,637.37 crore Vs Rs 1,185.86 crore

• Net profit up 1.28 times at Rs 134.77 crore Vs Rs 59.05 crore

• Ebitda up 32% at Rs 241.73 crore Vs Rs 183.56 crore

• Margin at 14.8% Vs 15.5%

L&T Finance Holdings Q2FY22 (Consolidated, YoY)

• NII up 6% at Rs 1,610.72 crore Vs Rs 1,519.32 crore

• Net profit down 15% at Rs 224.03 crore Vs Rs 265.12 crore

Supreme Petrochem Q2FY22 (Standalone, YoY)

• Revenue up 72% at Rs 1,190.76 crore Vs Rs 694.05 crore

• Net profit up 47% at Rs 127.07 crore Vs Rs 86.15 crore

• Ebitda up 51% at Rs 176.01 crore Vs Rs 116.4 crore

• Margin 14.8% Vs 16.8%

• Declared interim dividend of Rs 4 per equity share

Shoppers Stop Q2FY22 (Consolidated, YoY)

• Revenue up 1.16 times at Rs 642.07 crore Vs Rs 296.98 crore

• Net loss at Rs 3.58 crore Vs Rs 97.70 crore

• Ebitda gain of Rs 72.32 crore Vs Ebitda loss of Rs 38.15

Who’s Meeting Whom

• Gujarat Ambuja Exports: To meet UTI Asset Management Company and Lucky Investment Managers on October 21.

• Brigade Enterprises: To meet Ambit Capital on October 21.

Trading Tweaks

• Ex-Date Rights Issue: Texmaco Rail & Engineering

• Ex-Date Stock Split: Vishwaraj Sugar Industries

• Ex-Date Interim Dividend: HCL Technologies, Mindtree, Bhansali Engineering Polymers, Mishtann Foods, Ramkrishna Forgings

• Ex-Date Final Dividend: Accelya Solutions India

• Record Date Final Dividend: Rashtriya Chemicals & Fertilizers

• Record Date Stock Split: Authum Investment & Infrastructure

• Move Out Of Short-Term ASM Framework: Nureca, Mold-Tek Packaging, Centrum Capital