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Stocks To Watch: Tata Motors, Paytm, BPCL, Lupin, Godrej Consumer, Jubilant Foodworks, Quess Corp

Stocks to watch before going into trade today

<div class="paragraphs"><p>(Source:&nbsp;<a href="https://unsplash.com/@christinhumephoto?utm_source=unsplash&amp;utm_medium=referral&amp;utm_content=creditCopyText">Christin Hume</a>/<a href="https://unsplash.com/s/photos/computer?utm_source=unsplash&amp;utm_medium=referral&amp;utm_content=creditCopyText">Unsplash</a>)</p></div>
(Source: Christin Hume/Unsplash)

Stocks edged higher in Asia as investors awaited midterm election results from the U.S., with potential for government gridlock seen as positive for equities. 

The dollar held declines against most Group-of-10 currencies as trading got underway in Asia. Treasuries were steady, while bond yields fell in Australia and New Zealand, tracking moves in the US overnight.

Oil steadied after a two-day decline as traders weighed the support from a weaker dollar and gold fell.

Trading in India's stock benchmarks will resume after a day's gap. The indices had advanced on Monday, aided by gains in energy, auto, realty stocks.

At 6:20 a.m., the Singapore-traded SGX Nifty -- an early barometer of India's benchmark Nifty 50 -- rose 0.24% to 18,392.

Stocks To Watch:

  • Punjab & Sind Bank: The lender appointed Charan Singh as non-executive chairman and non-official director for a period of two years from the date of notification of his appointment or until further orders.

  • Punjab National Bank: The government-run bank appointed KG Ananthakrishnan as non-executive chairman and part-time non-official director for three years from the date of notification of his appointment or until further orders.

  • Canara Bank: The central government appointed Vijay Srirangan as non-executive chairman and part-time non-official director for a term of three years from the date of notification or until further orders.

  • Bharat Electronics: The company signed an MoU with Delhi Metro Rail Corporation for jointly developing the Indigenous Communication-based Train Control System. The company also confirmed, n response to a clarification sought by exchanges, that it has signed an MoU with Motorola Solutions India for cooperation in the field of broadband, push-to-talk service.

  • Life Insurance Corporation of India: The insurer has increased its sharing in Voltas to 8.88% from 6.86%.

  • Hindustan Aeronatics: CB Ananthakrishnan, Director (Finance) of the company, will hold the additional post of Chairman and Managing Director up to Nov. 30, 2022, or till further orders.

ICICI Prudential Life Insurance: October business update (YoY)

- New business premium increased 4.7% on-year to Rs 1,208 crore during the month.

- New business sum assured rose 35.8% to Rs 76,871 crore.

- Annualised premium equivalent declined 16%  Rs 521 crore.

Offerings

  • Bikaji Foods International: The initial share sale was subscribed 26.67 times by its final day. The QIB portion was subscribed 80.63 times, whereas the non-institutional basket was subscribed 7.1 times. Retail investor portion was subscribed 4.77 times, while employees of the company bid for 4.38 times of the portion reserved for them.

  • Global Health: The IPO was subscribed 9.58 times on its final day. Institutional buyers placed bids for 28.64 times the portion reserved for them. The non-institutional and retail portions were subscribed 4.02 times and 0.88 times, or 88%, respectively.

  • Five Star Business Finance: The Rs 1,960-crore initial public offering will open for public subscribers on Nov. 9, and continue till Nov. 11. The company raised Rs 588 crore in the anchor investor round on Nov. 7, which saw participation from Fidelity Funds, American Funds Insurance, Mirae Asset, HDFC Mutual Fund and Abu Dhabi Investment Authority, and others. The price band for the share sale has been pegged at Rs 450-474. The IPO is a pure offer for sale where promoters and investors will offload an unspecified amount of equity shares.

  • Archean Chemical Industries: The company is looking to raise Rs 1,462 crore through its maiden share sale, which will continue from Nov. 9 to Nov. 11. The price band for the issue is Rs 386-407 apiece. The IPO comprises a fresh issuance of shares worth Rs 805 crore and offer for sale worth Rs 657 crore.

Earnings

3M India, Action Construction Equipment, Authum Investment & Infrastructure, Allcargo Logistics, APL Apollo Tubes, Astra Microwave Products, Balrampur Chini Mills, Barbeque-Nation Hospitality, BEML, Borosil Renewables, Deepak Nitrite, Engineers India, Finolex Cables, Galaxy Surfactants, Gateway Distriparks, General Insurance Corporation of India, Godrej Properties, Gujarat State Fertilizers & Chemicals, Gujarat Alkalies & Chemicals, H.G. Infra Engineering, Hikal, HLE Glascoat, Ion Exchange (India), KIOCL, Kiri Industries, Lupin, Max Ventures and Industries, National Aluminium Co., Narayana Hrudayalaya, Nuvoco Vistas Corporation, Orient Cement, Piramal Enterprises, Petronet LNG, Powergrid Infrastructure Investment Trust, Pidilite Industries, Prestige Estates Projects, Prince Pipes and Fittings, Quess Corp, The Ramco Cements, Rhi Magnesita India, Rolex Rings, Seamec, Shyam Metalics and Energy, Star Health and Allied Insurance Company, Sudarshan Chemical Industries, Tata Motors, Tata Motors – DVR, TeamLease Services, Venky's (India), Westlife Foodworld

Earnings Post Market Hours

Bharat Petroleum Corporation Q2 FY23 Results (Consolidated QoQ)

  • Revenue from operations declined 7% to Rs 1,28,355.72 crore Vs Rs 1,38,424.5 crore (Bloomberg estimate: Rs 1,13,455 crore)

  • EBITDA at Rs 1,414.89 crore Vs EBITDA loss of Rs 5824.14 crore (Bloomberg estimate: Rs 5,564.6 crore (EBITDA loss))

  • EBITDA margin at 1.2%

  • Net loss narrowed to Rs 338.49 crore vs Rs 6,147.94 crore (Bloomberg estimate: Rs 2,240 crore)

One 97 Communications Q2 FY23 (Consolidated, QoQ)

  • Revenue up 14% at Rs 1,914 crore Vs Rs 1,679.6 crore (Bloomberg estimate: Rs 1,860.70 crore)

  • EBITDA loss narrowed at Rs 537.8 crore Vs Rs 633.9 crore (Bloomberg estimate: Rs 465.57 crore)

  • Net loss narrowed 11% at Rs 571.5 crore Vs Rs 644.4 crore (Bloomberg estimate: Rs 606 crore)

PB Fintech Q2 FY23 (Consolidated, QoQ)

  • Revenue up 14% at Rs 573 crore Vs Rs 505 crore (Bloomberg estimate: Rs 523.75 crore)

  • EBITDA loss narrowed 4% at Rs 226 crore Vs Rs 234.4 crore (Bloomberg estimate: Rs 211.8 crore)

  • Net loss narrowed 9% at Rs 186.63 crore Vs Rs 204.33 crore (Bloomberg estimate: Rs 169.90 crore)

Affle (India) Q2 FY23 (Consolidated, QoQ)

  • Revenue up 2% at Rs 355 crore Vs Rs 347 crore (Bloomberg estimate: Rs 356.20 crore)

  • EBITDA up 3% at Rs 70.69 crore Vs Rs 68.5 crore (Bloomberg estimate: Rs 71.37 crore)

  • EBITDA margin flat 20% (Bloomberg estimate: 20%)

  • Net profit up 8% at Rs 58.67 crore Vs Rs 54.53 crore (Bloomberg estimate: Rs 57.63 crore)

CERA Sanitaryware Q2 FY23 (Consolidated, YoY)

  • Revenue up 6% at Rs 416 crore Vs Rs 394 crore (Bloomberg estimate: Rs 416.52 crore)

  • EBITDA up 14% at Rs 67.92 crore Vs Rs 59.78 crore (Bloomberg estimate: Rs 64.48 crore)

  • EBITDA margin 16% Vs 15% (Bloomberg estimate: 15.5%)

  • Net profit up 19% at Rs 51.13 crore Vs Rs 42.97 crore (Bloomberg estimate: Rs 44.56 crore)

Privi Speciality Chemicals Q2 FY23 (Consolidated, YoY)

  • Revenue up 42% at Rs 409 crore Vs Rs 289 crore

  • EBITDA up 22% at Rs 46.91 crore Vs Rs 38.35 crore

  • EBITDA margin 11% Vs 13%

  • Net profit fell 23% at Rs 11.31 crore Vs Rs 14.72 crore

Coal India Q2 FY23 (Consolidated, YoY)

  • Revenue up 28% at Rs 29,838 crore Vs Rs 23,291 crore (Bloomberg estimate: Rs 29250.30 crore)

  • EBITDA up 85% at Rs 7,280.17 crore Vs Rs 3,942.31 crore (Bloomberg estimate: Rs 8735.47 crore)

  • EBITDA margin 24% Vs 17% (Bloomberg estimate: 29.9%)

  • Net profit up 2x at Rs 6,043.55 crore Vs Rs 2,936.91 crore (Bloomberg estimate: Rs 5547.95 crore)

Endurance Technologies Q2 FY23 (Consolidated, QoQ)

  • Revenue up 12% at Rs 2,361 crore Vs Rs 2,114 crore (Bloomberg estimate: Rs 2,269.71 crore)

  • EBIT up 23% at Rs 172.32 crore Vs Rs 140.6 crore

  • EBIT margin flat 7%

  • Net profit up 27% at Rs 131.4 crore Vs Rs 103.3 crore (Bloomberg estimate: Rs 139.03 crore)

KEC International Q2 FY23 (Consolidated, YoY)

  • Revenue up 13% at Rs 4,064 crore Vs Rs 3,587 crore (Bloomberg estimate: Rs 3,968.88 crore)

  • EBITDA fell 30% at Rs 177.95 crore Vs Rs 252.96 crore (Bloomberg estimate: Rs 245.4 crore)

  • EBITDA margin 4% Vs 7% (Bloomberg estimate: 6.2%)

  • Net profit fell 31% at Rs 55.24 crore Vs Rs 80.29 crore (Bloomberg estimate: Rs 85.08 crore)

Sansera Engineering Q2 FY23 (Consolidated, YoY)

  • Revenue up 17% at Rs 634 crore Vs Rs 540 crore (Bloomberg estimate: Rs 510 crore)

  • EBITDA flat at Rs 106.06 crore (Bloomberg estimate: Rs 87.8 crore)

  • EBITDA margin 17% Vs 20% (Bloomberg estimate: 17.2%)

  • Net profit fell 10% at Rs 45.9 crore Vs Rs 51.09 crore (Bloomberg estimate: Rs 32.9 crore)

BLS International Services Q2 FY23 (Consolidated, QoQ)

  • Revenue up 31% at Rs 357 crore Vs Rs 273 crore (Bloomberg estimate: Rs 320.6 crore)

  • EBITDA up 82% at Rs 56.79 crore Vs Rs 31.36 crore (Bloomberg estimate: Rs 39.3 crore)

  • EBITDA margin 16% Vs 11% (Bloomberg estimate: 12.3%)

  • Net profit up 65% at Rs 50.37 crore Vs Rs 30.47 crore (Bloomberg estimate: Rs 35.6 crore)

  • Recommended bonus issue in the ratio of 1:1

Dr Lal Pathlabs Q2 FY23 (Consolidated, YoY)

- Profits fall, miss estimates

  • Revenue up 7% at Rs 534 crore Vs Rs 498 crore (BBG estimate : Rs 550 crore)

  • Net profit down 25% to Rs 72 crore Vs Rs 95 crore (BBG estimate : Rs 76 crore Profit)

  • EBITDA up 2% to Rs 144 crore from Rs 142 crore (BBG estimate : Rs 136 crore Profit)

  • Margins at 26.9% Vs 28.4% (BBG estimate : 24.8%)

Metropolis Healthcare Q2 FY23 ( Consolidated, YoY)

- Profits fall, in line estimates

  • Revenue down 1% at Rs 300.3 crore Vs Rs 302.6 crore (BBG estimate : Rs 303.3 crore)

  • Net profit down 31% to Rs 40.3 crore Vs Rs 58.3 crore (BBG estimate : Rs 40.1 crore Profit)

  • EBITDA down 12% to Rs 79 crore from Rs 90.2 crore (BBG estimate : Rs 76.7 crore Profit)

  • Margins at 26.3% Vs 29.8% (BBG estimate : 25.3%)

Who’s Meeting Whom

  • Nuvoco Vistas Corporation: To meet investors and analysts on Nov. 10.

  • Krsnaa Diagnostics: To meet investors and analysts on Nov. 10.

  • Varun Beverages: To meet investors and analysts on Nov. 10.

  • Surya Roshni: To meet investors and analysts on Nov. 10.

  • Mitsu Chem Plast: To meet investors and analysts on Nov. 11.

  • Ashok Leyland: To meet investors and analysts on Nov. 11.

  • Orient Bell: To meet investors and analysts on Nov. 9.

  • RSWM: To meet investors and analysts on Nov. 15.

  • Automotive Axles: To meet investors and analysts on Nov. 9.

  • Kirloskar Oil Engines: To meet investors and analysts on Nov. 10.

  • TruCap Finance: To meet investors and analysts on Nov. 15.

  • J.Kumar Infraprojects: To meet investors and analysts on Nov. 9.

  • NDR Auto Components: To meet investors and analysts on Nov. 9.

  • Engineers India: To meet investors and analysts on Nov. 10.

  • Orient Cement: To meet investors and analysts on Nov. 10.

  • Hindustan Foods: To meet investors and analysts on Nov. 10.

  • Jyothy Labs: To meet investors and analysts on Nov. 14.

  • Agro Tech Foods: To meet investors and analysts on Nov. 29.

  • Cholamandalam Financial Holdings: To meet investors and analysts on Nov. 9.

  • Pearl Global Industries: To meet investors and analysts on Nov. 14.

  • Astra Microwave Products: To meet investors and analysts on Nov. 11.

  • Indoco Remedies: To meet investors and analysts on Nov. 11.

  • Mallcom (India): To meet investors and analysts on Nov. 11.

  • Shree Pushkar Chemicals & Fertilisers: To meet investors and analysts on Nov. 15.

  • CSL Finance: To meet investors and analysts on Nov. 10.

  • NCC: To meet investors and analysts on Nov. 9.

  • NOCIL: To meet investors and analysts on Nov. 9.

  • Prince Pipes and Fittings: To meet investors and analysts on Nov. 10.

Trading Tweaks

  • Price Band Revised From 20% To 10%: Karnataka Bank

  • Ex-Date Annual General Meeting: Tantia Constructions

  • Extra-Ordinary Annual General Meeting: Imagicaaworld Entertainment

  • Ex-Date Special Dividend: Tech Mahindra

  • Record-Date Interim Dividend: Supreme Industries, Supreme Petrochem, REC

  • Move Out Of Short-Term ASM Framework: Rajratan Global Wire

Insider Trades

  • S&T Corporation: Promoter Sonal Ajay Sava sold 15,000 shares on Nov. 4.

  • KEI Industries: Promoter & Director Anil Gupta sold 25,000 shares on Nov. 3.

  • Geojit Financial Services: Promoter BNP Paribas SA sold 60,000 shares on Nov. 4.

  • Raghav Productivity Enhancers: Promoter Sanjay Kabra sold 3.5 lakh shares on Nov. 4.

Pledge Share Details

  • Mangalore Chemicals & Fertilizers: Promoter Zuari Agro Chemicals created a pledge of 35 lakh shares on Nov. 2.

  • Emami: Promoter Group Sneha Enclave revoked a pledge of 5 lakh shares on Nov. 2.