Stocks To Watch Today: Coal India, Eicher Motors, Glenmark, IRCTC, Patanjali Foods
Stocks to watch before going into trade today.
Asian stocks extended a rally Thursday after softer-than-expected US inflation data, which stoked speculation that the Federal Reserve could pivot to a shallower pace of interest-rate hikes.
Shares added about 1% in Australia and South Korea, while Hong Kong futures were up a similar amount. US and European contracts were in the green after the S&P 500 hit a three-month high and the technology-heavy Nasdaq 100 pulled 20% above a June low.
At 7:05 am, the Singapore-traded SGX Nifty -- an early barometer of India's benchmark Nifty 50 -- traded 1.1% higher at 17,742.
The dollar held losses in the wake of the optimism in the US session, which saw a greenback gauge retreat the most since the onset of the pandemic.
Crude oil held most of a jump above $91 a barrel, while Bitcoin broke past $24,000 in a sign of the brighter spirits in markets.
Stocks To Watch
NHPC: The company has approved monitisation of Uri-I Power Station or any other for 10-15 years in a single tranche during FY23.
Mahindra & Mahindra: Life Insurance Corporation of India has reduced its stake in the automaker 6.42% from 8.43%.
GAIL India: The company will consider raising funds via foreign currency bonds or term loan on Aug. 17.
Earnings Post Market Hours
Eicher Motors Q1 FY23 (Consolidated, QoQ)
Revenue up 6% at Rs 3,397.5 crore
EBITDA up 10% at Rs 831 crore
EBITDA margin at 24.5% vs 23.7%
Net profit at Rs 611 crore vs Rs 610.14 crore
KIMS Q1 FY23 (Consolidated, YoY)
Revenue up 5% at Rs 496 crore
EBITDA down 5% at Rs 137 crore
EBITDA margin at 27.7% vs 30.4%
Net profit down 21% at Rs 70 crore
Coal India Q1 FY23 (Consolidated, QoQ)
Revenue up 9% at Rs 35,092.2 crore
EBITDA up 35% at Rs 12,250.9 crore
EBITDA margin at 34.9% vs 27.8%
Net profit up 32% at Rs 8,834.22 crore
Tata Consumer Products Q1 FY23 (Consolidated, QoQ)
Revenue up 5% at Rs 3,326.83 crore
EBITDA up 3% at Rs 456.57 crore
EBITDA margin at 13.7% vs 14%
Net profit up 16% at Rs 276.72 crore
Metropolis Healthcare Q1 FY23 (Consolidated, YoY)
Revenue down 14% at Rs 280 crore
EBITDA down 33% at Rs 68 crore
EBITDA margin at 24.5% vs 31.3%
Net profit down 55% at Rs 33 crore
Abbott India Q1 FY23 (Consolidated, YoY)
Revenue up 7% at Rs 1,304 crore
Net profit up 5% at Rs 206 crore
EBITDA up 2% at Rs 270 crore
EBITDA margin at 20.7% vs 21.8%
Glenmark Pharma Q1 FY23 (Consolidated, YoY)
Revenue down 6% at Rs 2,777 crore
EBITDA down 25% at Rs 432 crore
EBITDA margin at 15.5% vs 19.3%
Net profit down 31% at Rs 211 crore
Aarti Industries Q1 FY23 (Consolidated, YoY)
Revenue up 50% at Rs 1,972 crore
EBITDA up 18% at Rs 369.31 crore
EBITDA margin at 19% vs 24%
Net profit up 15% at Rs 189.07 crore
Steel Authority of India Q1 FY23 (Consolidated, YoY)
Revenue up 17% at Rs 24,029 crore
EBITDA down 65% at Rs 2,301.55 crore
EBITDA margin at 10% vs 32%
Net profit down 79% at Rs 804.5 crore
IRCTC (Consolidated, QoQ)
Revenue up 23% at Rs 853 crore
EBITDA up 15% at Rs 320.94 crore
EBITDA margin at 38% vs 40%
Net profit up 15% at Rs 245.52 crore
Patanjali Foods Q1 FY23 (Standalone, QoQ)
Revenue up 8% at Rs 7,210.96 crore
EBITDA down 4% at Rs 391.68 crore
EBITDA margin at 5.4% vs 6.1%
Net profit up 3% at Rs 241.25 crore
Oil India Q1 FY23 (Consolidated, QoQ)
Revenue up 33% at Rs 5,968 crore
EBITDA up 35% at Rs 2,636.36 crore
EBITDA margin flat at 44%
Net profit down 5% at Rs 1,555.49 crore
PB Fintech Q1 FY23 (Consolidated, QoQ)
Revenue down 6.5% at Rs 505 crore
EBITDA loss narrows to Rs 234.30 crore from Rs 255.02 crore
Net loss narrows to Rs 204.33 crore from Rs 219.6 crore
Earnings Today
Apollo Hospitals, Aster DM Healthcare, Aurobindo Pharma, Bata India, Bharat Forge, Gujarat Ambuja Exports, GE T&D India, Greaves Cotton, Garden Reach Shipbuilders & Engineers, Himadri Speciality Chemical, KNR Constructions, Trent, Suprajit Engineering, Sunteck Realty, Shilpa Medicare, Sapphire Foods India, Sandur Manganese & Iron Ores, Safari Industries (India), KSB, Page Industries, The Phoenix Mills, Quess Corp
Insider Trades
Maharashtra Seamless: Promoter Group Sudha Apparels bought 32,000 shares on August 8.
Apcotex Industries: Promoter Group Rita Ashok Parekh bought 2,700 shares on August 8.
Godrej Agrovet: Promoter Godrej Industries bought 58,825 shares on August 4.
DB Corp: Promoter Sudhir Agarwal bought 9,481 shares on August 8.
Bulk Deals
JK Paper: Renaissance Emerging Markets Equity Private Pool Pzena Investment Management LLC bought 11 lakh shares (0.64%) at Rs 611.74 apiece.
Kirloskar Ferrous Industries: Nippon India Mutual Fund bought 15 lakh shares (1.08%) at Rs 212 apiece. Ambar Gautam Kulkarni and Nihal Gautam Kulkarni sold 7.74 lakh shares (0.56%) at Rs 212 apiece. Jyotsana Gautam Kulkarni sold 15.49 lakh shares (0.56%) at Rs 212 apiece.
Zensar Technologies: Amansa Holdings bought 71.78 lakh shares (3.17%) at Rs 223 apiece. Plutus Wealth Management sold 75 lakh shares (3.31%) at Rs 223 apiece.
Who’s Meeting Whom
Nuvoco Vistas: To meet investors and analysts on August 11.
MSTC: To meet investors and analysts on August 11.
Piramal Enterprises: To meet investors and analysts on August 11.
ICICI Bank: To meet investors and analysts on August 11.
Navkar Corporation: To meet investors and analysts on August 11.
Welspun Corp: To meet investors and analysts on August 11.
Tanla Platforms: To meet investors and analysts on August 11.
Everest Kanto Cylinder: To meet investors and analysts on August 11.
Delhivery: To meet investors and analysts on August 11 and 12.
ZEEL: To meet investors and analysts on August 12.
Saregama India: To meet investors and analysts on August 12.
Heranba Industries: To meet investors and analysts on August 12.
Muthoot Finance: To meet investors and analysts on August 12.
Dilip Buildcon: To meet investors and analysts on August 12.
Elecon Engineering: To meet investors and analysts on August 12.
SJVN: To meet investors and analysts on August 12.
Info Edge (India): To meet investors and analysts on August 12.
NIIT: To meet investors and analysts on August 12.
Expleo Solutions: To meet investors and analysts on August 12.
IRFCL: To meet investors and analysts on August 16.
Nucleus Software: To meet investors and analysts on August 16.
JK Cement: To meet investors and analysts on August 16.
Uflex: To meet investors and analysts on August 16.
Time Technoplast: To meet investors and analysts on August 16.
ITD Cementation India: To meet investors and analysts on August 17.
Shoppers Stop: To meet investors and analysts on August 18.
AGMs Today
Borosil Renewables
Centrum Capital
ESAB India
Expleo Solutions
Greaves Cotton
Krishna Institute of Medical Sciences
Kirloskar Oil Engines
Page Industries
Safari Industries
Trading Tweaks
Ex-Date Dividend: Kotak Mahindra Bank, KPR Mill, Grasim Industries, Divi's Laboratories, Emami Paper Mills, Godfrey Phillips India, Grasim Industries, Hester Biosciences, Hindalco Industries, Indusind Bank
Ex-Date AGM: Grasim Industries
Ex-Date Special Dividend: Grasim Industries, Triveni Turbine
Ex-Date Final Dividend: Advanced Enzyme Technologies, Astra Microwave Products, Coal India, Dixon Technologies (India), Endurance Technologies, Indian Energy Exchange, Indian Oil Corporation, India Pesticides, Jamna Auto Industries, JTEKT India, Jubilant Pharmova, KPR Mill, Mahanagar Gas, Nahar Spinning Mills, Repco Home Finance, Timken India, Triveni Turbine, VST Tillers Tractors
Ex-Date Interim Dividend: Balkrishna Industries, Eris Lifesciences, Fine Organic Industries, Rain Industries, Shyam Metalics and Energy, Varun Beverages
Ex-Date Income Distribution: Brookfield India Real Estate Trust REIT, Mindspace Business Parks REIT
Record-Date Interim Dividend: Vaibhav Global, The Great Eastern Shipping Company
Record-Date Dividend: NHPC, City Union Bank, NTPC
Move Into Short-Term ASM Framework: JSW Energy