Asian equities are set for a cautious open on Tuesday amid rising concerns over economic slowdown, dollar strengthening and slide in commodity costs.
Japanese, Australian and Hong Kong equities are set for a muted start after technology firms such as Tesla Inc. and Apple Inc. powered a positive close to S&P 500 index on Monday.
At 5:55 am, the Singapore-traded SGX Nifty -- an early barometer of India's benchmark Nifty 50 -- traded 0.34% higher at 17,846 points.
Oil fell below $89 a barrel on demand concerns and the possible return of Iranian supplies.
Stocks To Watch
Ambuja Cements: The Competition Commission of India approved Gautam Adani’s the acquisition of Holcim Group’s stake in Ambuja Cements and ACC.
Jindal Steel & Power: The company appointed Bimlendra Jha as Managing Director with effect from Aug. 14. Jha will replace Vidya Rattan Sharma after the completion of his term on Aug. 13.
HDFC/HDFC Bank: The merger between the two companies received the approval of CCI.
Indiabulls Real Estate: The company’s joint Managing Director Gurbans Singh and Chief Financial Officer resigned with effect from Aug. 12
Earnings Post Market Hours
Hero Motocorp Q1 FY23 (Standalone, QoQ)
Revenue up 13% to Rs 8,392.5 crore Vs Rs 7,422 crore (Bloomberg estimates: Rs 8,709 crore)
EBITDA up 14% at Rs 941 crore Vs Rs 828 crore (Bloomberg estimates: Rs 1,087 crore)
EBITDA margin unchanged at 11.2% (Bloomberg estimates: 12.5%)
Net profit flat at Rs 624.5 crore compared with Rs 627 crore (Bloomberg estimates: Rs 766 crore)
Life Insurance Corporation of India Q1 FY23 (Consolidated, QoQ)
Revenue down 20% at Rs 1,69,601 crore Vs 2,12,230 crore
Net profit down 75% to Rs 603 crore Vs Rs 2,409 crore
Solvency at 1.88 Vs 1.85
VNB at Rs 1,861 crore
VNB margin at 13.6%
Oil and Natural Gas Corporation (Consolidated, QoQ)
Revenue up 17% at Rs 182,894 crore Vs Rs 155,920 crore (Bloomberg estimate: Rs 45,530.7)
EBITDA fell 23% at Rs 18,855.01 crore Vs Rs 24411.23 crore (Bloomberg estimate: Rs 28,379.8 crore)
EBITDA margin 10% Vs 16%
Net profit up 13% at Rs 11,936.64 crore Vs Rs 10,550.29 crore
Aegis Logistics Q1 FY23 (Consolidated, QoQ)
Revenue up 6% at Rs 2,235 crore Vs Rs 2,104 crore
EBITDA fell 41% at Rs 84.52 crore Vs Rs 143.08 crore
EBITDA margin 4% Vs 7%
Net profit up 9% at Rs 103.37 crore Vs Rs 94.75 crore
Apollo Tyres Q1 FY23 (Consolidated, YoY)
Revenue up 30% at Rs 5,942 crore Vs Rs 4,584 crore
EBITDA up 22% at Rs 689.80 crore Vs Rs 566.7 crore
EBITDA margin 11.6% Vs 12.3%
Net profit up 49% at Rs 190.68 crore Vs Rs 127.78 crore
Astral Q1 FY23 (Consolidated, YoY)
Revenue up 73% at Rs 1,213 crore Vs Rs 701 crore
EBITDA up 33% at Rs 171.70 crore Vs Rs 129.4 crore
EBITDA margin 14% Vs 18%
Net profit up 20% at Rs 88.9 crore Vs Rs 73.9 crore
Eureka Forbes (Consolidated, QoQ)
Revenue up 41% at Rs 526 crore Vs Rs 374 crore
EBITDA up 2x at Rs 46.05 crore Vs Rs 20.07 crore
EBITDA margin 9% Vs 5%
Net profit up 4x at Rs 19.8 crore Vs Rs 4.62 crore
Restaurant Brands Asia Q1 FY23 (Consolidated, QoQ)
Revenue up 22% at Rs 489 crore Vs Rs 400 crore
EBITDA up 44% at Rs 29.22 crore Vs Rs 20.23 crore
EBITDA margin 6% VS 5%
Net loss narrowed to Rs 50.88 crore Vs Rs 81.53 crore
Zee Entertainment Enterprises Q1 FY23 (Consolidated, QoQ)
Revenue fell 21% at Rs 1,846 crore Vs Rs 2,323 crore
EBITDA fell 53% at Rs 235.76 crore Vs Rs 506.8 crore
EBITDA margin 13% Vs 22%
Net profit fell 41% at Rs 106.6 crore Vs Rs 181.93 crore
Pledge Share Details
Max Financial Services: Promoter Max Ventures Investment Holdings created a pledge of 2.73 lakh shares on August 10.
Emami: Promoter Group Sneha Enclave revoked a pledge of 3.12 lakh shares on August 8.
Sterling and Wilson Renewable Energy: Promoter Shapoorji Pallonji and Company created a pledge of 68.78 lakh shares on August 11.
Insider Trades
LG Balakrishnan & Bros: Promoter Nithin Karivardhan sold 10,000 shares on August 11.Westlife Development: Promoter Groups Achal Jatia sold 6.99 lakh shares, Shri Ambika Trading Company and Saubhagya Impex sold 40,000 shares each on August 10.
Ultramarine & Pigments: Promoter Thirumalai Chemicals bought 54,020 shares on August 12.
V I P Industries: Promoter Kiddy Plast bought 3 lakh shares on August 11.
Usha Martin: Promoter Amisha Jhawar bought 10,000 shares on August 10.
Astec LifeSciences: Promoter Godrej Agrovet bought 50,060 shares on August 10.
Man Infraconstruction: Promoter & Director Parag K Shah bought 1 lakh shares between August 10 and August 11.
Crompton Greaves Consumer Electricals: Promoter Group MacRitchie Investments sold 2.14 crore shares on August 5.
AU Small Finance Bank: Promoter Group MYS Holdings sold 25 lakh shares and Promoter Shakuntala Agarwal sold 50 lakh shares on August 12.
Godrej Agrovet: Promoter Godrej Industries bought 57,000 shares on August 8.
Bulk Deals
Shriram City Union Finance Limited: Dynasty Acquisition (FPI) sold 12.85 lakh (1.92%) shares and 9.51 lakh (1.42%) shares at Rs 2,000 apiece.
AU Small Finance Bank: Shakunta Agarwal sold 50 lakh (0.75%) shares at Rs 628.73 apiece.
Sanghi Industries: Flarezeal Solutions LLP bought 40 lakh (1.59%) shares and Kachchh Hospitality sold 40.03 lakh (1.59%) shares at Rs 42.40 apiece.
Who's Meeting Whom
Fiem Industries: To meet investors and analysts on August 16.
Texmaco Rail and Engineering: To meet investors and analysts on August 16.
Ahluwalia Contracts India: To meet investors and analysts on August 16.
Shriram Properties: To meet investors and analysts on August 16.
Rupa & Company: To meet investors and analysts on August 16.
Neogen Chemicals: To meet investors and analysts on August 16.
Aegis Logistics: To meet investors and analysts on August 16.
The Ramco Cements: To meet investors and analysts on August 16 and August 17.
AGMs today
HCL Technologies
Trading Tweaks
Price Band Revised From 20% To 10%: Sree Rayalaseema Hi Strength Hypo
Record Date Interim Dividend: Eris Lifesciences
Record-Date Income Distribution RITES: Mindspace Business Parks REIT
Record-Date Final Dividend: Triveni Turbine
Move Into Short-Term ASM Framework: Jagran Prakashan, Wonderla Holidays
Move Out Of Short-Term ASM Framework: Kansai Nerolac Paints, Brightcom Group