Stocks To Watch: Indian Oil, Adani Enterprises, Vedanta, RIL, Bandhan Bank, SAIL

Indian equity benchmarks logged the biggest weekly decline in eight months, dragged by losses in banking, energy and information technology stocks on Friday.

The S&P BSE Sensex index shed over 1% to 59,306.93. The NSE Nifty 50 Index declined by similar magnitude to 17,671.65. Both the benchmark indexes fell by over 2.2% for the week, logging the worst decline since the week ended February 26.

Here are the stocks to watch in trade today:

• Reliance Industries: JioPhone Next will go on sale starting Diwali, November 4 at a price of Rs 6,499, the company said. The phone will be available across the country at Reliance Retail’s network of JioMart Digital retail locations.

• Adani Enterprises: The Adani Group has acquired a significant minority stake in Flipkart-owned Cleartrip Pvt., a ticket and hotel booking portal. Through this investment, the Adani Group and the Flipkart Group will benefit from synergies that will deliver superior travel experiences to consumers as the travel industry in India sees a resurgence, the company said.

• Dr. Reddy’s Laboratories: The company has launched Ephedrine Sulfate Injection USP, 50 mg/mL, a therapeutic equivalent generic version of Akovaz Injection, 50 mg/mL in the U.S. Market.

• Tata Consumer Products: To transition its Tata Cha business, a tea café format quick service restaurant chain, to Qmin-Shops operated by a subsidiary of Indian Hotels Company.

• Indiamart Intermesh: The company has acquired 7.70% stake in Mynd Solutions for Rs 32.43 crore.

• Jindal Saw: To enter into a joint venture agreement with Hunting Energy Solution Pte to incorporate a JV company in India to set up a state-of-the-art precision machine shop to thread premium connections in India for the products, i.e., oil country tubular goods and accessories for markets across the globe.

• JMC Projects: Board has approved raising up to Rs 150 crore via issuance of NCDs on private placement basis.

• Intellect Design Arena: To set up an Alternative Investment Fund for Rs 100 crore to further pursue its transition from a product company to a fintech platform-based company. The investment will be set up in ‘Alternative Investment Fund-Category II’.

• SH Kelkar and Company: Approved buyback of 29 lakh shares, representing 2.05% of the total number of equity shares, at Rs 210 per share for an aggregate amount of Rs 60.90 crore.

• Indo Amines: To consider sub-division of equity shares of face value of Rs 10 each in November 12 meeting.

• Tata Steel: NCLT Mumbai bench has approved the amalgamation of Bamnipal Steel Ltd and Tata Steel BSL Ltd with the company.

• Earnings: HDFC, Tata Motors, IRCTC, Indian Railway Finance Corporation, Aditya Birla Capital, Bayer Cropscience, Allcargo Logistics, Bajaj Consumer Care, Carborundum Universal, Chambal Fertilisers & Chemicals, Graphite India, IndInfravit Trust, Lux Industries, Man Infraconstruction, Nilkamal, The Phoenix Mills, Poly Medicure, Privi Speciality Chemicals, Punjab & Sind Bank, Relaxo Footwears, Rupa & Company, Shipping Corporation of India, Sequent Scientific, Sun Pharma Advanced Research Company, Star Cement, Tata Motors Ltd – DVR, Venky's (India), VRL Logistics, Whirlpool Of India

Earnings Post Market Hours

Indian Oil (Standalone, QoQ)

• Revenue up 14.1% at Rs 1,35,417.76 crore Vs Rs 1,18,670.52 crore (BBG estimate: Rs 1,24,400 crore)

• Net profit up 7% at Rs 6,360.05 crore Vs Rs 5,941.37 crore (BBG estimate: Rs 3,057.7 crore)

• Ebitda down 4.5% at Rs 10,628.11 crore Vs Rs 11,126.08 crore (BBG estimate: Rs 8,787.1 crore)

• Margins at 7.8% Vs 9.4% (BBG estimate: 7.1%)

BPCL Q2FY22 (Standalone, QoQ)

• Revenues up 15% at Rs 81,536.67 crore Vs Rs 70,921.28 crore (BBG estimate: Rs 79,269.9 crore)

• Net profit up 79.4% at Rs 2,694.1 crore Vs Rs 1,501.65 crore (BBG estimate: Rs 1,887.3 crore)

• Ebitda up 37.7% at Rs 4,477.71 crore Vs Rs 3,252.74 crore (BBG estimate: Rs 3,548.2 crore)

• Margins at 5.5% vs 4.6% (BBG estimate 4.5%)

• Declared an interim dividend of Rs 5 per equity share

Vedanta Q2FY22 (Consolidated, QoQ)

• Revenue up 7% at Rs 30,401 crore Vs Rs 28,412 crore (BBG estimate: Rs 28,396.8 crore)

• Net profit up 9.3% at Rs 4,615 crore Vs Rs 4,224 crore (BBG estimate: Rs 4,503.8 crore)

• Ebitda up 4.9% at Rs 10,363 crore Vs Rs 9,871 crore (BBG estimate: Rs 10,525.1 crore)

• Margins at 34.1% vs 34.7%

UPL Q2FY22 (Consolidated, YoY)

• Revenue up 18% at Rs 10,567 crore Vs Rs 8,939 crore

• Net profit up 37% at Rs 634 crore Vs Rs 463 crore

• Ebitda up 16% at Rs 1,931 crore Vs Rs 1,667 crore

• Margin at 18.3% Vs 18.6%

Shree Cement Q2FY22 (Standalone, QoQ)

• Revenues down 7.1% at Rs 3,205.87 crore Vs Rs 3,449.5 crore (BBG estimate: Rs 3,242 crore)

• Net profit down 25% at Rs 577.7 crore Vs Rs 661.7 crore (BBG estimate: Rs 496 crore)

• Ebitda down 16.9% at Rs 898.2 crore Vs Rs 1,013.5 crore (BBG estimate: Rs 842 crore)

• Margins at 28% Vs 29.4% (BBG estimate: 25.9%)

REC Q2FY22 (Consolidated, YoY)

• Revenue up 14% at Rs 10,048.02 crore Vs Rs 8,810 crore

• Net profit up 23% at Rs 2,692.27 crore Vs Rs 2,197.14 crore

• Ebitda up 9% at Rs 8,905.86 crore Vs Rs 8,183.5

• Margin at 88.6% Vs 92.9%

• Declared interim dividend of Rs 2.50 per share

Exide Industries Q2FY22 (Consolidated, YoY)

• Revenue up 19% at Rs 4,758.22 crore Vs Rs 4,011.39 crore

• Net profit down 24% at Rs 196.49 crore Vs Rs 257.26 crore

• Ebitda down 6% at Rs 425.10 crore Vs Rs 453.25 crore

• Margin 8.9% Vs 11.3%

Bandhan Bank Q2FY22

• NII up 1% at Rs 1,935.41 crore Vs Rs 1,923.09 crore (YoY)

• Net loss of Rs 3,008.59 crore Vs Net profit of Rs 920.01 (YoY)

• GNPA at 10.82% Vs 8.18% (QoQ)

• NNPA at 3.04% Vs 3.29% (QoQ)

JSW Energy Q2FY22 (Consolidated, YoY)

• Revenue up 8% at Rs 2,087.46 crore Vs Rs 1,938.57 crore

• Net profit down 4% at Rs 339.24 crore Vs Rs 352.12 crore

• Ebitda up 1% at Rs 929.76 crore Vs Rs 923.82 crore

• Margin at 44.5% Vs 47.7%

GlaxoSmithKline Pharmaceuticals Q2FY22 (Consolidated, QoQ)

• Revenue up 28% at Rs 1,009.9 crore Vs 790 crore (BBG estimate: Rs 962.2 crore)

• Net profit up 69% at Rs 204.2 crore Vs Rs 121.1 crore (BBG estimate: Rs 170.1 crore profit)

• Ebitda at Rs 276.5 crore Vs Rs 151.7 crore, up 82% (BBG estimate: Rs 234.8 crore)

• Margins at 27.4% Vs 19.2% (BBG estimate: 24.4%)

• EPS at Rs 12.06 per share Vs Rs 7.15 (BBG estimate: Rs 9.69)

Steel Authority of India Q2FY22 (Consolidated, YoY)

• Revenue up 59% at Rs 26,828.01 crore Vs Rs 16,925.49 crore

• Net profit up 8.94 times at Rs 4,338.75 crore Vs Rs 436.52 crore

• Ebitda up 2.70 times at Rs 7,033.85 crore Vs Rs 1,902.23 crore

• Margin at 26.2% Vs 11.2%

• Declared an interim dividend of Rs 4 per share

JK Lakshmi Cement Q2FY22 (Consolidated, YoY)

• Revenue up 7% at Rs 1,208.80 crore Vs Rs 1,131.74 crore

• Net profit down 6% at Rs 84.34 crore Vs Rs 89.55 crore

• Ebitda down 14% at Rs 194.11 crore Vs Rs 224.64 crore

• Margin at 16.1% Vs 19.8%

Castrol India Q2FY22 (Consolidated, YoY)

• Revenue up 22% at Rs 1,073.2 crore Vs Rs 883.10 crore

• Net profit down 9% at Rs 185.90 crore Vs Rs 204.60 crore

• Ebitda down 9% at Rs 262.50 crore Vs Rs 288.2 crore

• Margin at 24.5% Vs 32.6%

Apollo Tyres Q2FY22 (Consolidated, YoY)

• Revenue up 18% at Rs 5,077.32 crore Vs Rs 4,294.9 crore

• Net profit of Rs 173.81 crore Vs Net loss of Rs 246.28 crore

• Ebitda down 10% at Rs 638 crore Vs Rs 707 crore

• Margin at 12.6% Vs 16.5%

Blue Dart Q2FY22 (Consolidated, YoY)

• Revenue up 30% at Rs 1,123.61 crore Vs Rs 866.57 crore

• Net profit up 1.14 times at Rs 90.55 crore Vs 42.33 crore

• Ebitda up 20% at Rs 275.24 crore Vs Rs 228.55 crore

• Margin at 24.5% Vs 26.4%

Cholamandalam Investment and Finance Company Q2FY22 (YoY)

• NII up 11% at Rs 1,392.75 crore Vs Rs 1,251.24 crore

• Net profit up 40% at Rs 606.54 crore Vs Rs 431.91 crore

Adani Transmission Q2FY22 (Consolidated, YoY)

• Revenue up 18% at Rs 2,541.44 crore Vs Rs 2,156.19 crore

• Net profit up 35% at Rs 288.84 crore Vs Rs 214.13 crore

• Ebitda down 1% at Rs 954.01 crore Vs Rs 962.36 crore

• Margin at 37.5% Vs 44.6%

Pledge Share Details

• Emami: Promoters (Sneha Enclave and Suraj Finvest) created a pledge of 26.66 lakh shares between October 25-27.

• Future Consumer: Promoter Future Capital Investment invoked pledge of 20 lakh shares between October 26-27.

• Future Retail: Promoter Future Corporate Resources invoked pledge of 1.72 lakh shares between October 26-27.

  As reported on October 30.

Bulk Deals

• Kirloskar Pneumatic Co.: HDFC Mutual Fund sold 5 lakh shares (0.78%) at Rs 400 per share.

Who’s Meeting Whom

• Cholamandalam Investment and Finance Company: To meet Kotak Institutional Equities on November 1.

• Tata Consumer Products: To meet Elara Securities (India), Franklin Templeton Investments and Stewart Investors on November 1.

• UltraTech Cement: To meet JP Morgan Investment Management Inc. on November 1

Trading Tweaks

• Price Band Revised From 10% To 5%: IRB Infrastructure Developers

• Ex-Date Interim Dividend: Colgate-Palmolive (India), Heritage Foods, Navin Fluorine International

• Ex-Date Income Distribution: India Grid Trust

• Record Date Interim Dividend: ICICI Lombard General Insurance Company, Supreme Industries, Sonata Software

• Move Out Of ASM Framework: Jet Airways (India), APL Apollo Tubes, Jaiprakash Associates