Stocks To Watch Today: Hero MotoCorp, PowerGrid, SpiceJet, Tata Steel, Titan

Stocks rose on Wednesday and bonds remained under pressure as investors gear up biggest Federal Reserve interest rate-hike since 2000 as they await more clues on the U.S. central bank's plans to tackle inflation.

Equities advanced in Australia and South Korea, while S&P 500 and Nasdaq 100 futures rose. Japan and China are closed for holidays. The Singapore-traded SGX Nifty, an early barometer of India's benchmark Nifty 50, rose over 0.5% to 17,073 points as of 7 am.

The Fed is expected to raise rates by 50 basis points Wednesday and detail plans for the reduction of its balance sheet. Key for markets will be Fed Chair Jerome Powell’s commentary, which might contains hawkish surprises.

In commodities, oil was at about $103 a barrel and gold was little changed. Bitcoin hovered around $38,000.

Here are the stocks to watch in today's trade:

• SpiceJet: The Directorate General of Civil Aviation grounded Spicejet Boeing 737-800 jets after severe turbulence incident. DGCA is also inspecting air carrier’s entire fleet.

• PowerGrid: The company approved acquisition of 77,30,225 equity shares of IL&FS Energy Development Company in Cross Border Power Transmission Company. CPTCL is a joint venture of Power Grid Corporation of India Limited (26%), Satluj Jal Vidyut Nigam Limited (26%), Nepal Electricity Authority (10%) and IEDCL (38%).

• Voltas: The company entered into a joint venture with Highly International (Hong Kong), a wholly owned subsidiary of Shanghai Highly (Group) Company, to engage in the business of design, development, manufacture, marketing, sale and service of inverter compressors for room air-conditioners, motors for inverter compressors, and their associated parts including sourcing of raw materials and components required for manufacturing these products.

• Hindustan Zinc: The company has signed a memorandum of understanding with Sweden based Sandvik for supply of a battery-electric underground equipment fleet to be used at Sindesar Khurd Mine.

• Bombay Dyeing: Chief Financial Officer Hitesh Vora resigned effective August 2.

• Aurobindo Pharma: Says Unit Eugia Pharma gets approval for Bortezomib for injection.

• Macrotech Developers: To merge nine-units with itself.

• NMDC: April sales 3.12 million tonnes Vs 3.09 million tonnes YoY.

• Zydus Lifesciences: Gets U.S. FDA approval for Bortezomib for injection.

Earnings Post Market Hours

Hero MotoCorp Q4 FY22 (Standalone, YoY)

• Revenue down 15% at Rs 7,421 crore Vs Rs 8,686 crore (BBG estimate: Rs 7,465 crore)

• Net profit down 28% at Rs 627crore Vs Rs 865 crore (BBG estimate: Rs 625 crore)

• Ebitda down 32% at Rs 828crore Vs Rs 1,211 crore (BBG estimate: Rs 877 crore)

• Margin at 11.2 % Vs 13.90% (BBG estimate: 11.75%)

Adani Wilmar Q4 FY22 (Consolidated, YoY)

• Revenue up 40% at Rs 14,960.37 crore Vs Rs 10,672.34 crore

• EBITDA up 21% to Rs 425.72 crore Vs Rs 353.17 crore

• Margins at 2.8% Vs 3.3%

• Net profit down 26% to Rs 234.3 crore from Rs 315 crore

Jindal Stainless Q4 FY22 (Consolidated, YoY)

• Revenue up 68% at Rs 6,563.51 crore Vs Rs 3,913.64 crore

• EBITDA up 55.2% at Rs 841.59 crore Vs Rs 542.22 crore

• EBITDA margin 12.82% Vs 13.85%

• Net profit up 154% at Rs 735.53 crore Vs Rs 289.19 crore

• Approved transfer of entire stake in JSL Ferrous, wholly owned subsidiary of the company to Jindal United Steel, associate company.

Castrol India Q4 FY22 (Consolidated, YoY)

• Revenue up 8.5% at Rs 1,235.7 crore Vs Rs 1,138.7 crore

• EBITDA fell 6.7% at Rs 317.20 crore Vs Rs 340.1 crore

• EBITDA margin 25.67% Vs 29.87%

• Net profit fell 6.2% at Rs 228.4 crore Vs Rs 243.6 crore

Britannia Industries Q4 FY22

• Revenue up 13% at Rs 3,550.45 crore Vs Rs 3,130.75 crore (Bloomberg Estimate: Rs 3,457.8 crore)

• Net profit up 4% to Rs 379.87 crore from Rs 364.32 crore (Bloomberg Estimate: Rs 378.76 crore)

• EBITDA up 8.7 % to Rs 549.68 crore Vs Rs 505.39 crore (Bloomberg Estimate: Rs 526.51)

• Margins at 15.5% Vs 16.1% (Bloomberg Estimate: 15.2%)

Mahindra and Mahindra Financial Services Q4 FY22 (Consolidated, YoY)

• Revenue fell 4.8% at Rs 2,865.08 crore Vs Rs 3,007.26 crore

• EBIT up 31% at Rs 1,882.42 crore Vs Rs 1,436.57 crore

• EBIT margin 65.7% Vs 47.77%

• Net profit up 188% at Rs 623.78 crore Vs Rs 216.34 crore

• Recommended dividend of Rs 3.6 per share of face value of Rs 2 each

JBM Auto Q4 FY22 (Consolidated, YoY)

• Revenue up 44% at Rs 1072.29 crore Vs Rs 744.88 crore

• EBITDA up 46% at Rs 123.05 crore Vs Rs 84.18 crore

• EBITDA margin 11.48% Vs 11.3%

• Net profit up 165% at Rs 85.63 crore Vs Rs 32.24 crore

• Recommended final dividend of Rs 1 per share on face value of Rs 2 each

Alembic Pharmaceuticals Q4 FY22 (Consolidated, YoY)

• Revenue up 9% at Rs 1,426 crore Vs Rs 1,306 crore (Bloomberg Estimate: Rs 1,254 crore)

• EBITDA down 51% to Rs 170 crore from Rs 346 crore (Bloomberg Estimate: Rs 243 crore)

• Margins at 11.9% Vs 26.5% (Bloomberg Estimate: 19.3%)

• Net profit down 86% at Rs 34 crore from Rs 251 crore (Bloomberg Estimate: Rs 154 crore)

• EPS at Rs 1.8 per share vs Rs 12.75 per share (Bloomberg Estimate: Rs 7.3)

Earnings To Watch

• Adani Total Gas

• Adani Green Energy

• Tata Consumer Products

• Kotak Mahindra

• IIFL Wealth Management

• ABB India

• Havells India

• Equitas Small Finance Bank

• EIH Hotels

• Deepak Nitrite

• SIS

• Rain Industries

• Oracle Financial Services Software

• MAS Financial Services

• Laxmi Organic Industries

• Cigniti Technologies

• Bombay Dyeing

• Aptech

Pledged Shares Details

• Chambal Fertilisers & Chemicals: Promoter Zuari Global created a pledge of 5 lakh shares on April 28.

• Future Consumer: Promoter Future Capital Investment invoked a pledge of 8.05 crore shares on April 26.

Bulk Deals

• Escorts India: Ishares Core Total International Stock Mauritius Co. Sold 13.33 lakh (1.01%) shares at Rs 1580.75 apiece.

• Future Consumer: Vistra ITCL India sold 1.33 crore (0.66%) shares at Rs 2.42 apiece.

Trading Tweaks

• Price Band Revised From 10% To 5%: Future Lifestyle Fashions, Veranda Learning Solutions

• Price Band Revised From 5% To 10%: Nitin Spinners

• Price Band Revised From 20% To 10%: Aditya Birla Sun Life Amc, Clean Science And Technology, Glenmark Life Sciences, G R Infraprojects, Gufic Biosciences, Indostar Capital Finance, Just Dial, Macrotech Developers, Vedant Fashions, Ruchi Soya Industries, Shyam Metalics And Energy, Sterling And Wilson Renewable Energy, Tatva Chintan Pharma Chem, Tega Industries, Ujjivan Small Finance Bank

• Ex-Date Interim Dividend: Gateway Distriparks

• Ex-Date Extraordinary Meeting: Sindhu Trade Links