Stocks To Watch: InterGlobe Aviation, IndusInd Bank, RIL, Tata Group Stocks, Vodafone Idea
A passenger wears a protective masks while travelling on a Delhi Metro Rail Corp. train during the resumption of services in New Delhi, India. (Photographer. T. Narayan/Bloomberg)

Stocks To Watch: InterGlobe Aviation, IndusInd Bank, RIL, Tata Group Stocks, Vodafone Idea

Indian equity markets closed the October F&O series on a subdued note, ending with losses for the second day in a row. The losses, however, were modest as compared to their other global peers. The S&P BSE Sensex ended 0.43% lower at 39,749 while the NSE Nifty 50 index, after fluctuating between gains and losses, ended 0.5% lower at 11,670.

Here are the stocks to watch in trade today:

  • Mistry family-owned SP Group has proposed a plan for separation from Tata Sons. Selective reduction of capital at Tata Sons thereby extinguishing shares held by them. In exchange, SP Group to be granted shares on a pro-rata basis in listed companies of the group. Also, cash consideration or shares for brand value, unlisted assets etc.
  • HPCL to consider share buyback on Nov. 4
  • AU Small Finance Bank: Board has approved re-appointment of Raj Vikash Verma as part chairman till April 8, 2023.
  • InterGlobe Aviation to defer decision on qualified institutional placement to December.
  • ICICI Pru Life Insurance: Board approved raising Rs 1,200 crore via NCDs.
  • Aviation Stocks: Hardeep Singh Puri, Minister of Civil Aviation stated that there will be an extension of the fare-cap on airlines by another three months.
  • India Energy Exchange has signed an agreement with MCX to use IEX’s electricity clearing prices for settlement of their derivative electricity contracts.
  • Vedanta: Crisil downgraded long term facilities to CRISIL AA- from CRISIL AA, with outlook changing from negative to stable.
  • MRPL: Board approved raising upto Rs 5,000 crore via NCDs.
  • Zensar Tech: Board gave in-principle approval for merger of its wholly owned arm Cynosure Interface Services with self.

Earnings

InterGlobe Aviation Q2 (Standalone, YoY)

  • Revenue down by 66% at Rs 2,741 crore
  • EBITDAR up 3.1 times at Rs 275 crore
  • EBITDAR Margins at 10.2% versus 1.1%
  • Net Loss of Rs 1,195 crore versus Net loss of Rs 1,065 crore

TVS Motor Q2 (Standalone, YoY)

  • Revenue up by 6% at Rs 4,605 crore (Est Rs 4,672 crore)
  • Net Profit up 12% at Rs 179 crore (Est Rs 179 crore)
  • EBITDA up 13% at Rs 430 crore (Est Rs 389 crore)
  • Margins at 9.3% vs 8.8% (Est 8.3%)

Vodafone Idea Q2 (Consolidated, QoQ)

  • Revenue up 1.2% at 10,791.2 crore (Est Rs 10,923.5 crore)
  • Net loss at Rs 7,218.5 crore versus Net loss at Rs 25,460 crore (Est loss Rs 5,194 crore)
  • Ebitda up 1.3% at Rs 4,152.4 crore (Est Rs 3,911 crore)
  • Margins at 38.5% versus 38.4% (Est 35.8%)
  • ARPU at Rs 119 versus Rs 114 (Est Rs 119.2)

Earnings Today

  • Indian Oil Corporation
  • Reliance Industries
  • UPL
  • IndusInd Bank
  • Agri- Tech
  • Balaji Amines
  • Deepak Nitrite
  • Dhanuka Agritech
  • Dixon Tech
  • DLF
  • Greenpanel Industries
  • Grindwell Norton
  • IFB Industries
  • Edelweiss
  • Indo Rama Synthetics
  • IRB InvIT Fund
  • Intellect Design Arena
  • Jindal Steel & Power
  • Just Dial
  • Jay Bharat Maruti
  • Karur Vysya Bank
  • Kirloskar Oil Engines,
  • LT Foods
  • Mahindra Lifespace Developers
  • Mahindra Logistics
  • Max Financial Services
  • Motilal Oswal Financial Services
  • Coforge
  • Pioneer Distilleries
  • Quess Corp
  • Rain Industries
  • Shriram Asset Management
  • Suven Pharma
  • Solara Active Pharma Sciences
  • Sundaram Clayton
  • Zee Media Corporation

Pledged Share Details

  • JSW Steel promoter Danta Enterprises revoked pledge of 26 lakh shares on Oct.26
  • Max Financial Services promoter Max Venture Investment Holdings created pledge of 9.35 lakh shares on Oct.26

(As Reported On Oct.29)

Bulk Deals

  • Angel Broking: Kuwait Investment Authority acquired 4.3 lakh shares (0.53%) at Rs 321.73 per share.
  • MCX: Smaller Cap World Fund acquired 5.32 lakh shares (1.04%) at Rs 1,759.93 per share.
  • Majesco: Promoter Sudhakar Ram sold 5 lakh shares (1.67%) at Rs 919 per share.

Trading Tweaks

  • Price Band Revised From 20% To No Band: ICICI Lombard General Insurance.
  • Record Date For Share Buyback: KIOCL
  • Move Into ASM Framework: Globus Spirits.
  • Move Into Short Term ASM Framework: GE Power.
  • Move Out Of Short Term ASM Framework: Borosil Remewables.

F&O Cues

  • Nifty November futures closed at 11,670; discount of 1 point vs discount of 10 points
  • Nifty November futures Open Interest up 49%, adds 32.8 lakh shares in Open Interest
  • Nifty Bank November futures closed at 24,110; premium of 18 points vs premium of 17 points
  • Nifty Bank November futures Open Interest up 34%, adds 4 lakh shares in Open Interest

Options

  • Nifty PCR at 0.98

Nifty Monthly Expiry: Nov. 5

  • Max Open Interest on call side at 12,500 (12.3 lakh shares)
  • Max Open Interest on put side at 11,600 (11.2 lakh shares)
  • Active options: 11,600 Put (5.7 lakh shares), 12,500 Call (7.7lakh shares)

Nifty Monthly Expiry: Nov. 26

  • Max Open Interest on call side at 12,000 (14.5 lakh shares)
  • Max Open Interest on put side at 11,500 (21.3 lakh shares)
Stocks To Watch: InterGlobe Aviation, IndusInd Bank, RIL, Tata Group Stocks, Vodafone Idea
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