Stocks To Watch: Tech Mahindra, Adani Ports, LIC Housing, ONGC, RIL, Grasim Industries, IDFC First Bank

Stocks to watch before going into trade today.

<div class="paragraphs"><p>(Source:&nbsp;<a href=";utm_medium=referral&amp;utm_content=creditCopyText">Christin Hume</a>/ <a href=";utm_medium=referral&amp;utm_content=creditCopyText">Unsplash</a>)</p></div>
(Source: Christin Hume/ Unsplash)

U.S. stocks pared losses in a volatile session to come off session lows, with U.S. Fed’s policy announcement close at hand. Meanwhile, bond yields changed little with 10-year Treasuries returning 4.05%.

The S&P 500 fell 0.3%, while the tech-heavy Nasdaq 100 fell 0.7%. Crude oil rose 2.4%, bolstered by speculations of China reopening. Gold rose 0.6%, while Bitcoin grew 0.2% to trade around $20,400-level.

Domestic benchmarks indices again closed higher with gains in supporting the surge ahead of Federal Reserve policy announcement.

Rupee closed higher against the U.S. dollar, rising seven paise after a volatile session.

Earnings Post Market Hours

Tech Mahindra Q2 FY23 (Consolidated, QoQ)

  • Revenue up 3% at Rs 13,130 crore Vs Rs 12,708 crore (Bloomberg estimate: Rs 13,165.54 crore)

  • EBIT up 5% at Rs 1,468 crore Vs Rs 1403.4 crore (Bloomberg estimate: Rs 1,505.50 crore)

  • EBIT margin flat at 11% (Bloomberg estimate: 11.44%)

  • Net profit up 14% at Rs 1,285.4 crore Vs Rs 1,131.6 crore (Bloomberg estimate: Rs 1202.55 crore)

Adani Ports and Special Economic Zone Q2 FY23 (Consolidated QoQ)

  • Revenue up 3% to Rs 5,210.8 crore Vs Rs 5,058.09 crore (Bloomberg estimate: Rs 4,670.59 crore)

  • EBITDA fell 1% to Rs 3,260.26 crore Vs Rs 3,290.48 crore (Bloomberg estimate: Rs 2,699.32 crore)

  • EBITDA margin at 62.6% Vs 65.1% (Bloomberg estimate: 57.8%)

  • Net profit increased 45% to Rs 1,677.48 crore Vs Rs 1,158.28 crore (Bloomberg estimate: Rs 1,311 crore)

Macrotech Developers Q2 FY23 (Consolidated YoY)

  • Revenue decline 17% to Rs 1,765.43 crore Vs Rs 2,123.83 crore (Bloomberg estimate: Rs 2,450.13 crore)

  • EBITDA declined 7% to Rs 424.03 crore Vs Rs 455.71 crore (Bloomberg estimate: Rs 570.63 crore)

  • EBITDA margin at 24% Vs 21.5% (Bloomberg estimate: 23.3%)

  • Net loss of Rs 933.07 crore Vs net profit of Rs 220.41 crore (Bloomberg estimate: Rs 355 crore)

Kansai Nerolac Paints Q2 FY23 (Consolidated, YoY)

  • Revenue up 19% at Rs 1,931 crore Vs Rs 1,620 crore (Bloomberg estimate: Rs 1,814 crore)

  • EBITDA up 22% at Rs 200 crore Vs Rs 163 crore (Bloomberg estimate: Rs 199.5 crore)

  • EBITDA margin flat at 10% (Bloomberg estimate: 11%)

  • Net profit up 23% at Rs 113.57 crore Vs Rs 92.01 crore (Bloomberg estimate: Rs 111.5 crore)

Voltas Q2 FY23 (Consolidated, YoY)

  • Revenue up 5% at Rs 1,768 crore Vs Rs 1,689 crore (Bloomberg estimate: Rs 1,759 crore)

  • EBITDA fell 22% at Rs 100.84 crore Vs Rs 129.12 crore (Bloomberg estimate: Rs 114.43 crore)

  • EBITDA margin 6% Vs 8% (Bloomberg estimate: 6.5%)

  • Net loss of Rs 7.41 crore Vs net profit of Rs 103.6 crore (Bloomberg estimate: Rs 86.72 crore)

Tata Investment Corporation Q2 FY23 (Consolidated, QoQ)

  • Revenue up 5% at Rs 107 crore Vs Rs 102 crore

  • EBITDA up 10% at Rs 100.36 crore Vs Rs 90.95 crore

  • EBITDA margin 94% Vs 89%

  • Net profit up 19% at Rs 107.13 crore Vs Rs 89.94 crore

LIC Housing Finance Q2 FY23 (Consolidated, YoY)

  • Interest income up 8% at Rs 5,053 Vs Rs 4,677.45 crore (Bloomberg estimate: Rs 5,311.2 crore)

  • Net profit up 25% at Rs 311.33 crore Vs Rs 249.74 crore

  • GNPA 4.91% Vs 5.14%

  • NNPA 2.83% Vs 2.98%

Chambal Fertilisers & Chemicals Q2 FY23 (Consolidated, YoY)

  • Revenue up 92% at Rs 8,587 crore Vs Rs 4,479 crore (Bloomberg estimate: Rs 7,601.7 crore)

  • EBITDA fell 40% at Rs 444.50 crore Vs Rs 736.85 crore (Bloomberg estimate: Rs 672 crore)

  • EBITDA margin 5% Vs 16% (Bloomberg estimate: 8.8%)

  • Net profit fell 46% at Rs 274.27 crore Vs Rs 505.92 crore (Bloomberg estimate: Rs 488.5 crore)

Cholamandalam Investment and Finance Company Q2 FY23 (Consolidated)

  • Interest income up 21% at Rs 2,829.26 crore Vs Rs 2,347.18 crore (YoY)

  • Net profit fell 7% at Rs 563.41 crore Vs Rs 606.54 crore (YoY)

  • GNPA 5.8% Vs 6.3% (QoQ)

  • NNPA 4.1% Vs 4.4% (QoQ)

Stocks to watch:

  • Grasim Industries: The board approved issue of non-convertible debentures worth up to Rs 1,000 crore on private placement basis.

  • IDFC First Bank: The board will meet on Nov. 04, 2022, to consider capital plan of the bank for the next one year and to explore raising of capital through various permissible modes.

  • Jai Corp: Deepak Ojha has taken over of as the Chief Financial Officer, with effect from Nov. 1, 2022. He succeeded Pramod Kumar Jaiswal.

  • Indian Bank: The bank will hike MCLR and TCLR in a range of 15-25 basis points and 45-50 basis points, respectively, across tenors from Nov. 3, 2022.

  • ONGC/Reliance Industries: The government has cut windfall tax on crude petroleum to Rs 9,500 per tonne, and raised the same on export of diesel and ATF to Rs 13 per litre and Rs 5 per litre, respectively.


  • DCX Systems: The initial public offering was subscribed 8.86 on the second day. Retail investors showed the most appetite as the basket was subscribed 26.44 times. Non-institutional investors portion was subscribed 10.94 times, while the institutional investors portion was subscribed 1.96 times.

  • Fusion Microfinance: The Rs 1,100-crore IPO will open on Nov. 2 and continue till Nov. 4. The issue includes a fresh issue worth Rs 600 crore and offer for sale comprising 1.37 crore shares. The New Delhi-headquartered microfinance company intends to use the net proceeds from the fresh issuance to augment its capital base.


Adani Transmission, Dalmia Bharat, EIH, Firstsource Solutions, Gravita India, Gati, Grindwell Norton, Jamna Auto Industries, JK Paper, Jindal Stainless, Kajaria Ceramics, KSB, Mahindra & Mahindra Financial Services, MAS Financial Services, Mahindra Holidays & Resorts India, MTAR Technol

Bulk Deals

  • Axis Bank: BC Asia Investments VII sold 1.67 crore shares (0.54%) at Rs 891.38 apiece.

  • Ganesha Ecosphere: Securocrop Securities India sold 1.15 lakh shares (0.53%) at Rs 817.01 apiece.

  • Rama Steel Tubes: Kedia Fintrade sold 5 lakh shares (0.57%) at Rs 157.50 apiece.

Who’s Meeting Whom

  • Godrej Agrovet: To meet investors and analysts on Nov. 7.

  • Finotex Chemical: To meet investors and analysts on Nov. 7.

  • Apar Industries: To meet investors and analysts on Nov. 4.

  • Alembic Pharmaceuticals: To meet investors and analysts on Nov. 11.

  • HCL Technologies: To meet investors and analysts on Nov. 2, 3, 9, 11, 14 and 16.

  • Share India Securities: To meet investors and analysts on Nov. 3.

  • SRF: To meet investors and analysts on Nov. 4.

  • AU Small Finance Bank: To meet investors and analysts on Nov. 3.

  • Crisil: To meet investors and analysts on Nov. 3.

  • Sheela Foam: To meet investors and analysts on Nov. 8.

  • DCB Bank: To meet investors and analysts on Nov. 5.

  • Welspun Corp: To meet investors and analysts on Nov. 3.

  • HT Media: To meet investors and analysts on Nov. 7.

  • Elecon Engineering: To meet investors and analysts on Nov. 4.

  • Hindustan Media Ventures: To meet investors and analysts on Nov. 7.

  • Oriental Carbon & Chemicals: To meet investors and analysts on Nov. 9.

  • GAIL (India): To meet investors and analysts on Nov. 4.

  • Minda Corporation: To meet investors and analysts on Nov. 4.

  • Neogen Chemicals: To meet investors and analysts on Nov. 7.

  • Raymond: To meet investors and analysts on Nov. 4.

Trading Tweaks

  • Price Band Revised From 10% To 5%: Rama Steel Tubes

  • Ex-Date Interim Dividend: Atul, Happiest Minds Technologies

  • Record-Date Interim Dividend: Hindustan Unilever, Nippon Life India Asset Management, Shree Digvijay Cement Company, Route Mobile, Steelcast, Birlasoft, NACL Industries, Ramkrishna Forgings

  • Move Into Short-Term ASM Framework: Rama Steel Tubes, Adroit Infotech

  • Move Out Of Short-Term ASM Framework: Tips Films, JTL Infra

Pledge Share Details

  • Kuantum Papers: Promoter Kapedome Enterprises invoked a pledge of 22 lakh shares on Oct. 31.

Insider Trades

  • KPI Green Energy: Promoter & Director Farukbhai Gulambhai Patel bought 5,000 shares on Nov. 1.

  • Janus Corporation: Promoter Lemon Management Consultancy sold 90,000 shares on Oct. 30.