Stocks To Watch Today: Aurobindo Pharma, DB Realty, SBI, Vodafone Idea, Wipro
Here are the stocks to watch going into trade today..
Asian stocks were mixed and U.S. equity futures advanced on Wednesday ahead of Chinese and US economic data.
Japan’s market was mixed, while Australia and South Korea remained volatile.
The Singapore-traded SGX Nifty, an early barometer of India's benchmark Nifty 50, fell nearly 0.59% to 16,115.50 points as of 6:40 a.m
Oil fell below $100 a barrel after losing nearly 10% this week, amid Covid lockdowns in China.
Elsewhere, bitcoin hovered around $31,000.
Here are the stocks to watch in today's trade:
State Bank of India: The bank approved raising $2 billion in single or multiple tranches through a public offer and/or private placement of senior unsecured notes in US dollar or any other convertible currency in FY23.
RITES: The company led consortium has received an order for consultancy services for review of design and construction supervision for development of sections of Eastern Railway Line, Ministry of Railways Development, Ghana for $21.06 million. The company holds 60% stake in the consortium.
Wipro: The company extended its strategic agreement with Paris based Crédit Agricole CIB, the corporate and investment bank division of Crédit Agricole Group.
Aurobindo Pharma: The company has been issued a ‘Form 483’ with six observations during inspection by United States Food and Drug Administration. It will respond to the US FDA within the stipulated timeline and work closely with US FDA to close the observations.
Dr. Agarwal’s Health Care: The company raised Rs 1,050 crore from TPG Growth and existing investor Temasek. It plans to deploy capital to expand the current network of 105 hospitals to over 200 hospitals in the next 3-4 years.
DB Realty: The company has acquired entire equity shares of Turf Estate Realty from Turf Estate Joint Venture LLP (in which the company already holds 50% stake) existing shareholder of TERPL.
Future Enterprise: The company has defaulted on bond obligation for Rs 2.28 crore.
MTAR Technologies: The company approved acquisition of Gee Pee Aerospace & Defence, a MSME company, for Rs 8.82 crore.
Earnings Post Market Hours
Vodafone Idea Q4 FY22 (Consolidated, QoQ)
Revenue up 5.37% at Rs 10,239.5 crore Vs Rs 9,717.3 crore (Bloomberg Estimate: Rs 10,372.8 crore)
EBITDA up 38.32% at Rs 4,649 crore Vs Rs 3,816.5 crore (Bloomberg Estimate: Rs 4,339 crore)
EBITDA margin 45.4% Vs 39.28% (Bloomberg Estimate: 41.83%)
Net loss contracted at Rs 6,563.1 crore Vs Rs 7,231 crore (Bloomberg Estimate: Loss of Rs 6,737.6 crore)
Cipla Q4 FY22 (Consolidated, YoY)
Revenue up 14% at Rs 5,260 crore Vs Rs 4,606 crore (Bloomberg Estimate: Rs 5,088 crore)
EBITDA down 6% to Rs 750 crore from Rs 796 crore (Bloomberg Estimate: Rs 1,013 crore)
EBITDA Margin at 14.3% Vs 17.3% (Bloomberg Estimate: 19.9%)
Net profit down 12% at Rs 362 crore from Rs 413 crore (Bloomberg Estimate: Rs 591 crore)
EPS at Rs 4.49 per share vs Rs 5.13 per share (Bloomberg Estimate: Rs 6.88)
Recommended dividend of Rs 5 per share
Appointed Dinesh Jain as interim CFO
Gujarat Gas Q4 FY22 (Consolidated, YoY)
Revenue up 36.54% at Rs 4,773.37 crore Vs Rs 3,495.92 crore (Bloomberg Estimate: Rs 4615.3 crore)
EBIT up 28% at Rs 595.37 crore Vs Rs 465.04 crore (Bloomberg Estimate: Rs 548.2 crore)
EBIT margin 12.47% Vs 13.3% (Bloomberg Estimate: 11.87%)
Net profit up 27.6% at Rs 444.39 crore Vs Rs 348 crore (Bloomberg Estimate: Rs 298.9 crore)
Torrent Power Q4 FY22 (Consolidated, YoY)
Revenue up 21.38% at Rs 3,743.65 crore Vs Rs 3,084.13 crore (Bloomberg Estimate: Rs 3,444.1 crore)
EBIT up 11% at Rs 653.23 crore Vs Rs 588.53 crore (Bloomberg Estimate: Rs 660.6 crore)
EBIT margin 17.45% Vs 19.08% (Bloomberg Estimate: 19.18%)
Net loss of Rs 488.04 crore Vs Net profit of Rs 397 crore (Bloomberg Estimate: Rs 376.1 crore)
Max Financial Services Q4 FY22 (Consolidated, QoQ)
Revenue up 21.38% at Rs 8,959.65 crore Vs Rs 6,954.04 crore
EBITDA up 8.33% at Rs 990.64 crore Vs Rs 914.45 crore
EBIT margin 26.46% Vs 29.65%
Net profit up 58.36% at Rs 144 crore Vs Rs 91 crore
Kansai Nerolac Paints Q4 FY22 (Consolidated, YoY)
Revenue up 5.28% at Rs 1,536.6 crore Vs Rs 1,459.57 crore
EBITDA fell 60.68% at Rs 83.92 crore Vs Rs 213.45 crore
EBITDA margin 5.46% vs 14.62%
Net profit fell 80% at Rs 24.73 crore Vs Rs 124 crore
Recommended a final dividend of Rs 1 per share of face value of Rs 1 each.
Mahanagar Gas Q4 FY22 (Consolidated, YoY)
Revenue up 51.47% at Rs 1,187.6 crore Vs Rs 784.04 crore
EBIT fell 41.04% at Rs 159.96 crore Vs Rs 271.32 crore
EBIT margin 13.47% Vs 34.61%
Net profit fell 38.06% at Rs 131.8 crore Vs Rs 213 crore
Approved final dividend of Rs 15.5 per share of face value of Rs 10 each
Zensar Technologies Q4 FY22 (Consolidated, QoQ)
Revenue up 4.65% at Rs 1,153.8 crore Vs Rs 1,102.5 crore
EBIT up 4.6% at Rs 116.20 crore Vs Rs 111.1 crore
EBIT margin 10.07% Vs 10.08%
Net profit up 42.75% at Rs 129.9 crore Vs Rs 91 crore
Recommended final dividend of Rs 3.5 per share of face value of Rs 2 each
Appointed Sachin Zute as the Chief Financial Officer.
Earnings To Watch
Adani Ports & SEZ
PNB
Indian Bank
BSE
Mangalore Refinery & Petrochemicals
Cholamandalam Financial
Birla Corp
Balaji Amines
Kalyan Jewellers
Butterfly Gandhimathi
HSIL
Magadh Sugar
SKF India
Petronet LNG
Offerings
Delhivery: Initial Public Offering will open today with 11.33 crore shares comprising of fresh stock and an offer for sale by existing shareholders. Shares will be sold in price band of Rs 462-487 apiece. The issue will close on May 13. It raised Rs 2346.78 crore through 64 anchor investors at price of Rs 487 per share. Anchor investors include Singapore government, Omers, Fidelity Investment, Goldman Sachs, Aberdeen, SBI, Invesco and HDFC, among others.
Venus Pipes: Initial Public Offering will open today with 50.74 lakh shares with price band of Rs 310-326 apiece. The issue will close on May 13. Anchor investors subscribed to 15.22 lakh shares for Rs 326 apiece.
Pledged Shares Details
Aurobindo Pharma: Promoter K Nityananda Reddy created a pledge of 7 lakh shares on May 6.
Jindal Steel & Power: Promoter Group OPJ Trading revoked a pledge of 4.22 lakh shares on May 4.
Insider Trades
Geojit Financial Services: Promoter BNP Paribas SA sold 3.59 lakh shares between May 5 and May 6.
Shriram City Union Finance: Promoter Group bought 4.18 lakh shares between May 5 and May 6.
Block Deals
ICICI Bank: Blackrock Global Funds India Fund bought 4.80 lakh (0.006%) shares at Rs 714.65 apiece. Merrill Lynch India Equities Fund (Mauritius) sold 4.80 lakh (0.006%) shares at Rs 714.65 apiece.
Bulk Deals
Asian Granito India: Jiteshkumar S Tikadiya bought 12.82 lakh (2.26%) shares at Rs 82.03 apiece. CNM Finvest bought 12.94 lakh (2.28%) shares at Rs 83.61 apiece. Vimla Pawankumar Sanghvi sold 2.88 lakh (0.5%) shares at Rs 80.94 apiece.
J Kumar Infraprojects: Gaganbase Vincom sold 8.20 lakh (1.08%) shares at Rs 228.60 apiece.
Who's Meeting Whom
Gujarat Fluorochemicals: To meet investors and analysts on May 13.
Bajaj Electricals: To meet investors and analysts on May 17.
South Indian Bank: To meet investors and analysts on May 13.
Gujarat Narmada Valley Fertilizers and Chemicals: To meet investors and analysts on May 12.
Triveni Engineering: To meet investors and analysts on May 16.
Trading Tweaks
Price Band Revised From 10% To 5%: IndoStar Capital Finance
Move Into Short-Term ASM Framework: Privi Speciality Chemicals
Record Date Interim Dividend: Laurus Labs
Record Date Buy Back: IndiaMART InterMESH
Ex-Date Dividend: Aptech
Ex-Date Interim Dividend: Thyrocare Technologies
Ex-Date Income Distribution: IRB InvIT Fund