Stocks To Watch: Tata Steel, Divi's Labs, Indigo, ITC, Paytm, Shree Cement, Siemens, Whirlpool

U.S. equity futures and Asian stocks rose Friday as earnings from Amazon.com Inc. helped to stanch a technology rout. Worries about monetary tightening are also whipsawing markets, leaving bond yields higher.

The Nasdaq 100 fell the most since 2020 on Thursday, hurt by a historic $251 billion wipeout for Facebook owner Meta Platforms Inc. But Amazon could add nearly $200 billion in market value if the stock’s 14% gain in after-hours trading holds to Friday’s Wall Street close.

The Singapore-traded SGX Nifty, an early indicator of India's Nifty 50 Index’s performance, rose 0.25% to 17,561.50 as of 6:40 a.m.

Here are the stocks to watch in trade today:

• ICICI Bank: Bought additional stake in India International Clearing Corporation (IICC) at IFSC in GIFT City for Rs 4.43 crore, taking its holding in the clearing body to 9.90%.

• Escorts: The company has received approval from Competition Commission of India for the preferential issue of 93,63,726 equity shares to Kubota Corporation, Japan.

• MRF: The company said the order of the CCI, that imposed a penalty of Rs 622.09 crore for breach of Competition Act, is not based on proper appreciation of facts and laws. The company all its stakeholders, that it follows high standards of governance in its business practices and plans to pursue the matter before appropriate appellate forum, based on advice from legal counsel.

• Godrej Properties: The company approved investment in DB Realty and will also set up a special purpose vehicle along with DBR to jointly undertake slum rehabilitation and MHADA redevelopment projects. The company will subscribe to warrants convertible into equity shares aggregating to approximately 10% of the issued and paid-up capital of DBR for approximately Rs 400 crore. The company along with DBR will each contribute an additional Rs 300 crore towards the equity platform.

• DB Realty: The company allotted 3,30,00,000 warrants convertible into equity shares to Pinnacle Investments and further approved allotment of 5,70,00,000 warrants convertible into equity shares, potentially increasing its stake in the company to approximately 18%. It also issued 9,75,00,000 warrants to the company’s promoters and 5,00,000 warrants to Godrej Properties taking the aggregate fund infusion in the company to nearly Rs 1,575 crore.

• Bajaj Sugar: The company has received Rs 500 crore in the escrow account maintained exclusively for cane price payment for its 14 sugar units from Uttar Pradesh Power Corporation. This amount is paid to the cane growers towards the cane payment arrears for the sugar season 2020-21 and 2021-22.

• Ipca Laboratories: One plant out of the two plants being set-up for manufacturing of Drug Intermedidates / Active Pharmaceuticals Ingredients at the company’s new green field manufacturing unit being set up at Dewas, Madhya Pradesh with a capital outlay of about Rs 250 crores has commenced trial production.

• OnMobile: The company partners with Dialog Axiata to launch the first mobile cloud gaming platform in Sri Lanka.

• Powergrid: The company approved investment in Transmission system for evacuation of Power from Pakaldul HEP in Chenab Valley HEPs-LTA System at an estimated cost of Rs.318.12 crore and Transmission System Strengthening Scheme for evacuation of Power from Solar Energy Zones in Rajasthan (8.1 GW) under Phase-II Part G1 at an estimated cost of Rs. 359.47 crore.

• Mahindra Lifescience: The company launched a new residential project at Kalyan, Mumbai Metropolitan Region named ‘Mahindra Happinest Kalyan – 2, registered with Maharashtra RERA.

• Sadhana Nitro: The company issue of 65,20,606 share warrants convertible into equity shares of face value of Rs. 1/- each, to be issued at Rs 153.36 per share warrant/equity share (including premium of Rs. 152.36) approximately aggregating to Rs 1,00,00,00,137 on preferential basis.

Earnings To Watch

• Tata Steel

• Whirlpool of India

• Sun Pharma Advanced Research

• Divi's Laboratories

• InterGlobe Aviation

• Shree Cement

• Siemens

• One 97 Communications

• Aditya Birla Fashion and Retail

• Birla Corporation

• Firstsource Solutions

• Alkem Laboratories

• Godrej Agrovet

• Thermax

• Astral

• Bayer Cropscience

• CreditAccess Grameen

• City Union Bank

• Dalmia Bharat Sugar and Industries

• Devyani International

• DFM Foods

• Eveready Industries India

• Gujarat Narmada Valley Fertilizers & Chemicals

• Jamna Auto Industries

• Jubilant Pharmova

• KIOCL

• Lakshmi Machine Works

• Mahindra Lifespace Developers

• Minda Corporation

• NOCIL

• REC

• Venky's (India)

• Vijaya Diagnostic Centre

Offerings

• Vedant Fashions allocated 1.09 crore shares to at Rs 866 each to anchor investors ahead of its IPO rollout on Friday.

• Life Insurance Corporation of India, which is soon expected to file for initial public offering, has an embedded value of more than Rs 5 lakh crore ($67 billion), Bloomberg reported citing DIPAM Secretary Tuhin Kanta Pandey.

• Harsha Engineers International has filed IPO papers with SEBI. The company’s offer consists of fresh issue of equity shares worth Rs 455 crore and an OFS of up to Rs 300 crore by existing shareholders, according to the draft red herring prospectus.

Earnings Post Market Hours

ITC Q3 FY22 (Consolidated, YoY)

• Revenue up 30% at Rs 18,365.8 crore Vs Rs 14,124.48 crore (Bloomberg estimate: Rs 14,169.9 crore)

• Net profit up 15% at Rs 4,056.73 crore Vs Rs 3,526.55 crore (Bloomberg estimate: Rs 3,951.7 crore)

• Ebitda up 17% at Rs 5,597.67 crore Vs Rs 4,785.02 crore (Bloomberg estimate: Rs 5,349.8 crore)

• Margins at 30.5% Vs 33.9% (Bloomberg estimate: 37.8%)

Pfizer Q3 FY22 (Consolidated, YoY)

• Revenue up 14% at Rs 675.9 crore Vs Rs 593.5 crore (Bloomberg estimate: Rs 621.2 crore)

• Net profit up 2% at Rs 143.9 crore Vs Rs 141.2 crore (Bloomberg estimate: Rs 125.1 crore)

• Ebitda down 1% to Rs 195.2 crore Vs Rs 196.8 crore (Bloomberg estimate: Rs 182.6 crore)

• Margin at 28.9% Vs 33.2% (Bloomberg estimate: 29.4%)

• EPS at Rs 31.46 per share Vs Rs 30.87 per share (Bloomberg estimate: Rs 26.8)

Adani Power Q3 FY22 (Consolidated, YoY)

• Revenue down 22% at Rs 5,360.88 crore Vs Rs 6,894.84 crore

• Net profit of Rs 218.49 crore Vs Net loss of Rs 288.74 crore

• Ebitda up 9% at Rs 1,770.77 crore Vs Rs 1,622.94 crore

• Margin at 33% Vs 23.5%

Torrent Power Q3 FY22 (Consolidated, YoY)

• Revenue up 28% at Rs 3,767.43 crore Vs Rs 2,952.75 crore

• Net profit up 15% at Rs 368.08 crore Vs Rs 320.5 crore

• Ebitda up 7% at Rs 933.95 crore Vs Rs 870.28 crore

• Margin at 24.8% Vs 29.5%

• Approved interim dividend of Rs 9 per share.

PI Industries Q3 FY22 (Consolidated, YoY)

• Revenue up 17% at Rs 1,356.30 crore Vs Rs 1,162.10 crore

• Net profit up 14% at Rs 222.60 crore Vs Rs 195.40 crore

• Ebitda up 9% at Rs 293.53 crore Vs Rs 269.56 crore

• Margin at 21.6% Vs 23.2%

• Declared an interim dividend of Rs 3 per share

Coromandel International Q3 FY22 (Consolidated, YoY)

• Revenue up 44% at Rs 5,073.60 crore Vs Rs 3,533.01 crore

• Net profit up 14% at Rs 381.58 crore Vs Rs 333.80 crore

• Ebitda up 9% at Rs 544.85 crore Vs Rs 499.23 crore

• Margin at 10.7% Vs 14.1%

Aditya Birla Capital Q3 FY22 (Consolidated, YoY)

• NII up 18% at Rs 4,827.71 crore Vs Rs 4,091.01 crore

• Net profit at Rs 576.74 crore Vs Rs 288.68 crore

Bulk Deals

• Ambika Cotton Mills: Vijay Kedia bought 40,007 (0.69%) shares the price of Rs 2243.12 a piece.

• Dhani Services:

  Nomura Singapore bought 1 crore (1.66%) shares at Rs 153 apiece.

  Tamarind Capital PTE sold 4 crore (6.66%) shares at Rs 139.62 apiece.

• Orient Green Power Company: Axis Trustee Services sold 2.29 crore (3.05%) shares at Rs 16.07 apiece.

• Panacea Biotec: Serum Institute of India sold 3.58 lakh (0.58%) shares at Rs 278.15 apiece.

Insider Trades

• Chambal Fertilisers & Chemicals:

  Promoter Group Manavta Holdings sold 2.20 lakh shares between Jan. 31 and Feb. 01.

  Promoter Group Manbhawani Investment sold 2.20 lakh shares between Jan. 31 and Feb. 01.

• Sasken Technologies: Promoter Group Nilima Rajesh Doshi bought 1,206 shares on Jan. 27.

Who's Meeting Whom

• Glenmark: To meet investors and analyst on Feb. 14.

• GE Power: To meet investors and analyst on Feb. 10.

• Tata Power: To meet investors and analyst on Feb. 9.

• JK Tyre: To meet investors and analyst on Feb. 5.

• Granules: To meet investors and analyst on Feb. 8.

• Sandhar: To meet investors and analyst on Feb. 7.

• Nitin Spinners: To meet investors and analyst on Feb. 4.

• Petronet LNG: To meet investors and analyst on Feb. 10.

• Elecon Engineering: To meet investors and analyst on Feb. 8.

• Camlin Fine Sciences: To meet investors and analyst on Feb. 8.

• IOL Chemicals: To meet investors and analyst on Feb. 8.

• Aurobindo Pharma: To meet investors and analyst on Feb. 10.

• Advanced Enzymes: To meet investors and analyst on Feb. 8.

• Go Fashion: To meet investors and analyst on Feb. 7.

• Phoenix Mills: To meet investors and analyst on Feb. 7.

Trading Tweaks

• Record Date Interim Dividend: Thangamayil Jewellery, IIFL Securities, Kirloskar Ferrous Industries, Greenpanel Industries, Indian Energy Exchange, IIFL Finance, Accelya Solutions India, Zensar Technologies, Symphony, Motilal Oswal Financial Services, La Opala RG, Transport Corporation of India, SRF, GRM Overseas

• Move Into Short-Term ASM Framework: Prime Focus, HSIL

• Move Out Of Short-Term ASM Framework: Zomato