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Stocks to Watch: SBI, PVR, Tata Power, Tamilnad Mercantile Bank, CE Info



The Sensex and Nifty indices are likely to open flat on Thursday after volatile swings in the previous session. The global selloff on US inflation shocker also seemed to pause as US rose up to 0.7 per cent overnight. Asian stocks were mixed this morning.


At 7:40 am, the SGX Nifty futures were 20-30 points higher at 18,050 levels.


That said, here are some stocks that will likely see some market action today:


Tata Power/Tata Motors: on Wednesday said that it has inked a pact to develop a 4-MWp solar project at Tata Motors’ Pune plant. The installation is collectively expected to generate 5.8 million units of electricity, potentially mitigating over 10 lakh tonnes of carbon emission. Read here


SBI: The country’s largest lender raised the Benchmark Prime Lending Rate (BPLR) by 70 basis points (or 0.7 per cent) to 13.45 per cent on Wednesday. The announcement would make loan repayment linked to BPLR costlier. Read more


Vedanta: The company will look at creating a hub to manufacture Apple’s iPhones and TV equipment, along with possibly diving into the electric vehicle sector, Chairman Anil Agarwal said in an interview with CNBC TV18 on Wednesday. Read here


PVR: Investors Gray Birch, Plenty PE & Multiples PE may sell up to 7.74 per cent stake in the company today in a price range of Rs 1,852-1,929/share, as per CNBC TV-18.


Tata Steel: The steel maker said its board of directors has approved fund raising through the issue of non-convertible debentures up to Rs 2,000 crore in two series. In one series, they will raise Rs 500 crore and in the second, Rs 1,500 crore.


Tamilnad Mercantile Bank: The bank will debut on the bourses on September 15. The final issue price has been fixed at Rs 525 per share. As per IPO Watch, the stock is likely to see lisitng gain of upto 5 per cent.


Campus Activewear: The company hasunveiled new Autumn & Winter collection at its Annual Retailer Meet. It plans to introduce 300+ new shoe designs by end of the year.


HFCL: The company has received the advance purchase orders worth Rs 447.81 crore, consisting of Rs 341.26 crore from Bharat Sanchar Nigam (BSNL), and Rs 106.55 crore from RailTel Corporation of India.


C.E. Info Systems: The board has considered and approved acquisition of 26.37 per cent stake on a fully diluted basis of Kogo Tech Labs for Rs 10.00 crore, with an option to raise the stake to 50 per cent within 2 years.


Glaxosmithkline Pharmaceuticals: Life Insurance Corporation of India has offloaded 34.63 lakh equity shares or 2.04 per cent stake in the company via open market transactions. With this, LIC’s shareholding in the company reduced to 4.35 percent, down from 6.4 percent earlier.


Jayant Infra tech: Company has received its biggest ever work order (WO) worth Rs. 54 crore from ECI-SEEIPL(JV).


KPI Green Energy: The company has received new order of 4.20 MW (comprising of 4.20 MW wind turbine and 3 MWdc solar) under wind-solar hybrid power project. The order is from Nouveau Jewellery LLP, Surat under ‘captive power producer (CPP)’ business segment.


Balaji Amines: The company said the Phase 1 of 90-acre greenfield project (Unit IV) has been completed. The di-methyl carbonate, propylene carbonate, and propylene glycol plant will be ready to commence commercial production by the end of September 2022. In addition, it has also started construction in phase 2 of greenfield project (Unit IV) for 2 plants. The company already has environmental clearance for this expansion.

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Stocks to watch: Adani Enterprises, UPL, Zee Ent, Hero Moto, Tata Motors



today: A positive start is likely for the Indian equity on Friday amid mixed global cues. At 7:40 am, the SGX Nifty Futures quoted 17,601 levels, up over 50-odd points.


Globally, the US saw minor recovery on Thursday. Dow Jones climbed over 150 points, to close 0.4 per cent higher, while the S&P 500 gained 0.3 per cent. NASDAQ Composite, however, dropped to 0.2 per cent. Further, the US equity futures were flat on Friday ahead of the US jobs report.


Asia-Pacific markets, too, were volatile in Friday’s early trade. Nikkei 225, Kospi, Kosdaq, S&P 200 advanced up to 0.9 per cent.


Meanwhile, back home, here is a list of stocks that will see some action in trade on Friday:


Adani Enterprises: The conglomerate is set to enter the NSE Nifty50 index, replacing Shree Cement at the exchange. Factors like free float market capitalization drove changes and will be effective from September 30, 2022. According to Edelweiss Securities, the inclusion of on the Nifty50 could result in a net inflow of around $213 million, while Shree Cement will see an outflow of $87 million. READ MORE


UPL: The company elevated Mike Frank to Chief Executive Officer (CEO) and will include him in the member of the UPL’s Group Protection Board of Directors. Frank had joined the company earlier this year, as President and Chief Operating Officer of UPL’s Crop Protection business based out of their London headquarters. READ MORE


Hero MotoCorp: The two-wheeler major reported 92 per cent increase in total sales at 4.6 lakh units in August 2022 from 4.5 lakh units, in the year-ago period. Exports, however, declined to 1,868 units from 22,742 units in the corresponding period of last year. The company expects growth momentum to sustain on the back of festive season trends, better monsoon leading to healthier crop produce, and positive consumer sentiments. READ MORE


InterGlobe Aviation: According to the Directorate General of Civil Aviation (DGCA), an IndiGo aircraft enroute to Udaipur returned to New Delhi due to engine vibrations and the plan was grounded. The flight was operated by an A320 neo aircraft, which did an air turnback after there were vibrations in engine 2. The DGCA will conduct a detailed probe into the incident. READ MORE


Aurobindo Pharma: The pharma major’s wholly-owned arm, CuraTeQ Biologics, plans to invest around Rs 300 crore on capacity expansion of biologics manufacturing facilities. The board of CuraTeQ Biologics approved establishment of another mammalian cell culture manufacturing facility of higher capacity to fulfill future needs. Besides, the company also approved contract manufacturing operations for biologics. READ MORE


Indian Bank: The state-owned bank revised marginal cost of funds-based lending rates (MCLR) by 0.10 per cent across tenors. It has also revised the lending rates benchmarked on treasury bills. The benchmark one-year MCLR will be 7.75 per cent from September 3, as against the existing rate of 7.65 per cent.


LIC: The insurer plans to raise market share in non-participating insurance products and diversify their channel mix. With a market share of 65 per cent, Life India Insurance (LIC) offers 17 individual participating products, 17 individual non-participating products, 11 group products and 7 products with rider benefits.


Zee Entertainment: The company wrote to the Competition Commission of India (CCI) for permission to merge operations with Sony Entertainment. The company shared TV viewership market share data for the fiscal year ending March 2022 and year-to-date data of the ongoing financial year – FY23. The latest data suggested that the merged entity would have lower market share and not lead to any concentration of power.


Tata Motors: The automaker saw total sales surge 36 per cent to 78,843 units in August from 57,995 units in the same month of the previous year. Total domestic sales, too, increased 41 per cent to 76,479 units in August 2022 from 54,190 units in August 2021.





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Stocks to watch: Bata India, Page Inds, NMDC, Apollo Hospitals, Oil India



today: After the notched four-month high in the last session, they are likely to open range-bound on Friday. As of 7:25 AM, the SGX Futures quoted 17,678 levels, up 19-odd points on the Nifty50.


Globally, the US were choppy in trade on Thursday. Dow Jones was up 0.08 per cent, while the S&P 500 declined 0.07 per cent, and NASDAQ Composite dropped 0.5 per cent.


Asia-Pacific markets, too, lost in tandem on Friday’s morning trade. While Australia’s S&P 200 shed 0.5 per cent, South Korea’s Kospi was flat.


Meanwhile, back home, here is a list of stocks that may see some action in trade on Friday:


Results today: Life Insurance Corporation of India, ONGC, Grasim Industries, Divi’s Laboratories, Hindustan Aeronautics, Info Edge, Hero MotorCorp, Muthoot Finance, Sun TV, Bharat Dynamics, and Balaji Amines will report their June quarter results (Q1FY23) on Friday, August 11.


Page Industries: The apparel manufacturer reported multi-fold increase in their net profit to Rs 207.3 crore in Q1FY23 as against Rs 10.0 crore in the year-ago period. The company’s revenue from operations, meanwhile, was up over two-fold to Rs 1,341.6 crore. Total expenses, too, doubled to Rs 1,070 crore as against Rs 490.57 crore earlier. READ MORE


Apollo Hospitals: The company posted 35 per cent year-on-year (YoY) drop in net profit to Rs 323.7 crore in Q1FY23 as against Rs 500.6 crore in the year-ago period. Revenue from operations, too, saw marginal drop of 1 per cent to Rs 3,795.6 crore in Q1FY23 from Rs 3,760.21 crore. While Apollo’s healthcare segment was up 5 per cent YoY, pharmacy distribution was down 3 per cent on a yearly basis. READ MORE


Bata India: The footwear brand saw 71.82 per cent yearly surge in consolidated net profit to Rs 119.37 crore for Q1FY23 as against Rs 69.4 crore in the corresponding quarter of previous fiscal. The revenue from operations up over three-fold to Rs 943.01 crore in Q1FY23. Going forward, the management plans to scale up digital channels and expand in Tier-2 or 3 towns. READ MORE


Godrej Properties: The realty firm plans to launch a luxury housing project in New Delhi’s Ashok Vihar in 2022. The project has the potential to generate about Rs 8,000 crore sales in revenue. Before the launch, the firm is waiting for some pending government approvals to launch this 27-acre luxury residential project in Delhi-NCR. READ MORE


NMDC: The state-run firm hiked prices of lump ore by Rs 200 a tonne and fines by Rs 100 per tonne. The company has fixed prices of lump ore at Rs 4,100 per tonne and fines at Rs 2,910 a tonne. In July, the company had slashed prices of lump ore and fines by Rs 500 per tonne each to Rs 3,900 and Rs 2,810, respectively. READ MORE


Oil India: The state explorer clocked tripling of its net profit to Rs 1,555.4 crore in Q1FY23 from Rs 507.9 crore, a year ago, on the back of oil and gas price realization. The earnings were also aided by 4 per cent rise in crude oil production at 0.78 million tonnes and 8 per cent rise in gas output at 771 million standard cubic metres.


Allcargo Logistics: The logistics firm reported over two-fold growth in its consolidated profit after tax (PAT) to Rs 280 crore in Q1FY23 as against Rs 106 crore in Q1FY22. The company’s consolidated revenue during the first quarter of FY23, on the other hand, rose 65 per cent to Rs 5,675 crore from Rs 3,449 crore in Q1FY22.


Aurobindo Pharma: The pharma company’s consolidated net profit was down 32.4 per cent YoY to Rs 520.5 crore in Q1FY23 from Rs 770 in the first quarter of last fiscal. Revenues from operations grew .4 per cent to Rs 6,236 crore as compared to Rs 5,702 crore a year ago. Going ahead, the management plans to focus on development of specialty products pipeline.


Stocks in F&O ban: Balrampur Chini Mills and Delta Corporation were banned in the F&O ban period on Friday, August 12.





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Here are top stocks to watch on April 18


Stocks to watch: The benchmark equity indices on the BSE and National Stock Exchange (NSE) had ended lower for the third successive day on Wednesday. The S&P Bse Sensex fell 237.44 points (0.41 per cent) to end at 58,338.93 while the Nifty 50 slipped 54.65 points (0.31 per cent) to settle at 17,475.65.

Markets were shut on Thursday and Friday on account of Mahavir Jayanti/Dr. Baba Saheb Ambedkar Jayanti and Good Friday respectively.

Here are the key stocks to watch on Monday, April 18, 2022:

HDFC Bank

The country’s largest private sector lender HDFC Bank on Saturday reported a 23 per cent jump in standalone net profit to Rs 10,055.20 crore for the March quarter, led by growth in loan demand across categories and lower provisioning as bad loans were trimmed. The bank’s net profit during the corresponding period of the previous fiscal stood at Rs 8,186.51 crore.

ICICI Prudential Life Insurance

ICICI Prudential Life Insurance on Saturday posted over two-fold jump in its net profit to Rs 185 crore for the January-March quarter on account of robust growth in new business.

The company had posted a profit after tax of Rs 64 crore for January-March FY2021, ICICI Prudential Life Insurance said in a regulatory filing.

For the full year 2021-22, the company’s net profit declined to Rs 754 crore from Rs 960 crore for the year ended in March 2021, it said.

Mahindra & Mahindra

Mahindra & Mahindra (M&M) on Saturday said it has agreed to sell over 34.75 lakh shares, constituting 22.81 per cent of the paid-up capital, in Mahindra Sanyo Special Steel Pvt Ltd (MSSSPL), to Japan-based Sanyo Special Steel Co Ltd in a Rs 212 crore deal.

Following the sale, the company’s holding in MSSSPL would become nil, M&M said in a regulatory filing. The Mumbai-based automaker will receive Rs 211.99 crore from the stake sale, it added.

InterGlobe Aviation (IndiGo)

IndiGo on Friday appointed former Shell India chairman Vikram Singh Mehta and former Indian Air Force (IAF) chief B S Dhanoa as independent non-executive directors.

Their appointment is “subject to receipt of security clearance from the Ministry of Civil Aviation (MoCA) and approval of the members of the company,” IndiGo said in a statement.

Mehta will replace Anupam Khanna, whose second term came to an end on March 26, and Dhanoa will replace former SEBI chief M Damodaran, who is stepping down on May 3, it said.

Dhanoa was IAF chief between January 1, 2017, and September 30, 2019, and Mehta was chairman of Shell Group of companies in India between 1994-and 2012.

Infosys

Infosys on Wednesday missed estimates for headline numbers for the March quarter. However, the company offered an encouraging revenue growth guidance for FY23 of 13-15 per cent in constant currency terms.

The software giant posted net profits for Q4FY22 of Rs 5,686 crore. Revenues for the quarter rose to Rs 32,276 crore.

-with PTI input





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Stocks to watch: Zomato, Voda Idea, Power Grid, RattanIndia Entp, GMR Infra



Nifty futures on the Singapore Exchange traded 37 points higher at 16,313, indicating a firm start for the benchmark indices on Wednesday.


Here are the top stocks to track in today’s session:





Earnings Today: Bata India, Cadila Healthcare, Endurance Tech, New India Assurance, Antony Waste Handling Cell, Bajaj Electricals, HEG, IDFC, India Cement, VIP Industries and Pidilite are among 300 companies slated to post their quarterly earnings.


Zomato: In its first quarterly results after its listing last month, said its net loss widened to Rs 356 crore in the first quarter ended June 30 due to increased expenses and a hit on dining out as the second wave of the Covid-19 pandemic upended lives and livelihoods. It had reported a loss of Rs 99.8 crore in the year ago quarter. Revenue from operations in Q1 rose to Rs 844.40 crore, from Rs 266 crore a year ago. READ HERE


Vodafone Idea: Debt-laden (Vi), which is struggling for survival, moved the Supreme Court on Tuesday, seeking a review of its July 23 order that dismissed the petitions of telecom firms for a re-computation of adjusted gross revenue (AGR) dues. Airtel, too, is likely to move the court for relief, as per a BS report. READ MORE


Power Grid: The company posted a nearly three-fold jump in consolidated net profit at Rs 5,998.28 crore in the June quarter, mainly on the back of higher revenues.


Trent: The Tata Group company reported narrowing of consolidated net loss at Rs 138.3 crore in the first quarter ended June 30 despite disruptions by the second wave of COVID-19 pandemic. The company had posted a consolidated net loss of Rs 184.04 crore in the same period last fiscal.


Siemens: Its standalone profit after tax (PAT) saw a multifold jump to Rs 162 crore during the quarter ended June 30, 2021, boosted by higher revenues. Siemens Ltd’s revenue from continuing operations during April-June 2021 also rose to Rs 2,658 crore, from Rs 1,149 crore in the year-ago period.


Yes Bank: Private sector lender has appointed Mahesh Ramamoorthy as its chief information officer.


Galaxy Surfactants: The company reported a 36 per cent YoY jump in profit after tax to Rs 76.8 crore for the June 2021 quarter. The company’s PAT stood at Rs 56.5 crore during the corresponding quarter of 2020-21. Its total revenue in April-June 2021 grew 36.7 per cent to Rs 830.9 crore, compared with Rs 607.8 crore in the year-ago period.


IFCI: Infrastructure sector lender IFCI reported widening of loss to Rs 717.78 crore in the first quarter of the current fiscal from Rs 296.42 crore YoY. Total income declined to Rs 225.63 crore in the latest quarter under review from Rs 479.38 crore in the year-ago period.


Prestige Estates: Realty firm Prestige Estates Projects Ltd on Tuesday reported an over four-fold jump in its consolidated net profit at Rs 92.5 crore for the quarter ended June and said its board has approved raising of up to Rs 1,000 crore through issuance of non-convertible debentures.


GMR Infrastructure: Its board will consider a proposal for raising up to Rs 6,000 crore through various routes at its meeting on August 13, 2021.


Future Supply Chain: The company reported narrowing of its net loss to Rs 42.60 crore for the first quarter ended June 2021. It had posted a net loss of Rs 55.40 crore for the April-June quarter of the last financial year 2020-21. Its revenue from operations in April-June 2021 jumped 35.59 per cent to Rs 128.99 crore as against Rs 95.13 crore in the year-ago period.


RattanIndia Enterprises: The company has ventured into the fast-growing drone industry, and will make a strategic investment in the US-based urban drone logistics platform Matternet.


Brookfield India REIT: The company reported a 3.8 per cent YoY increase in net operating income to Rs 169.6 crore for the quarter ended June and announced the distribution of Rs 181.7 crore to unitholders.


Godrej Agrovet: The company reported a 4.1 per cent YoY growth in consolidated profit after tax (PAT) during the quarter ending June 30, at Rs 104.75 crore compared to the same period of the previous financial year. Revenue from operations of the company during the quarter under review grew by 28.23 per cent to Rs 1,987.60 crore compared to Rs 1,550.01 crore during the same period of 2020-21.


Max Financial Services: The company reported an 80 per cent decline in its consolidated net profit to Rs 35.81 crore for the first quarter ended June 30, mainly on higher expenses. The total income during the quarter was Rs 5,943 crore as against Rs 5,517 crore in the year-ago period.


SBI Life: The company is liable to refund Rs 84 crore plus interest amounting to Rs 27 crore with effect from July 11, 2017, for its Supersuraksha Life Insurance Policy on orders of the Insurance Regulatory and Development Authority of India, according to an exchange filing.


Tejas Networks: ICRA placed its long term and short term rating, A-/A2+, on watch with positive implications after signing deal with Tata Sons’ subsidiary to acquire shares in Tejas.





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