Stocks To Watch Today: Axis Bank, Bajaj Auto, HUL, Reliance Industries, Vedanta
Here are the stocks to watch in today's trade..
U.S. futures advanced on Thursday and stocks were steady amid a surge in Facebook parent Meta Platforms Inc. and more pledges of economic support from China.
Futures for the tech-heavy Nasdaq 100 and S&P 500 rose. Shares in Japan, Australia and South Korea were volatile after the U.S. stock market posted a modest gain on Wednesday aided by Meta, which surged 18% in extended trading after Facebook’s main social network added more users than projected.
The Singapore-traded SGX Nifty, an early barometer of India's benchmark Nifty 50, fell 0.12% to 17,029.50 points as of 7:15 am.
Treasury yields dipped as investors calibrated risks from high inflation and aggressive Federal Reserve policy tightening. A dollar gauge advanced.
In commodities, oil was close to $102 a barrel. Bitcoin rose above $39,300.
Here are the stocks to watch in today's trade:
Reliance: Bodhi Tree Systems, a platform of Uday Shankar and James Murdoch's Lupa Systems, to raise and invest Rs 13,500 crore in Viacom18. Reliance Projects to invest an additional Rs 1,645 crore. JioCinema OTT app to be transferred to Viacom18.
ONGC: The company has signed a Memorandum of Understanding with Equinor ASA, the Norwegian state-owned multinational energy company, for collaboration and partnership in areas of upstream exploration and production, midstream, downstream and clean energy options, including carbon capture utilization and sequestration.
Tata Consumer: Life Insurance Corporation of India has increased its stake in the company to 5.008%.
IDFC First Bank: The bank will consider raising funds through issuance of debt securities on private placement basis on April 30.
Kohinoor Foods: The company approved rights issue for an aggregate amount od Rs 49.5 crore.
Earnings Post Market Hours
Hindustan Unilever Q4 FY22 (Consolidated, YoY)
Revenue up 10.7% at Rs 13,767 crore Vs Rs 12,433 crore (Bloomberg Estimate: Rs 13,162.3 crore)
EBITDA up 8.48% at Rs 3,301 crore Vs Rs 3,043 crore (Bloomberg Estimate: Rs 3,215.4 crore)
EBITDA Margin 23.98% Vs 24.48% (Bloomberg Estimate: 24.42%)
Net profit up 5.4% at Rs 2,304 crore Vs Rs 2,186 crore (Bloomberg Estimate: Rs 2,373.5 crore)
Recommended a final dividend of Rs 19 per share
Bajaj Auto Q4 FY22 (Consolidated, YoY)
Revenue fell 7.23% at Rs 7,974.84 crore Vs Rs 8,596.1 crore (Bloomberg Estimate: Rs 7,621.4 crore)
EBITDA fell 10.6% at Rs 1,360.68 crore Vs Rs 1,521.88 crore (Bloomberg Estimate: Rs 1,124.6 crore)
EBITDA margin 17.06% Vs 17.70% (Bloomberg Estimate: 14.75%)
Net profit fell 1.6% at Rs 1,526.16 crore Vs Rs 1,551.28 crore (Bloomberg Estimate: Rs 1,203.7 crore)
Recommended dividend of Rs 140 per share on face value of Rs 10 each
Persistent Systems Q4 FY22 (Consolidated, QoQ)
Revenue up 9.8% at Rs 1,637.85 crore Vs Rs 1,491.71 crore
EBITDA up 12% at Rs 281.16 crore Vs Rs 251.08 crore
EBITDA margin 17.17% Vs 16.8%
Net profit up 14% at Rs 200.99 crore Vs Rs 176.39 crore
Recommended final dividend of Rs 11 per share of face value of Rs 10
HDFC Asset Management Company Q4 FY22 (Consolidated, YoY)
Revenue up 2.6% at Rs 516.28 crore Vs Rs 502.93 crore
EBIT fell 0.7% at Rs 380.05 crore Vs Rs 382.71 crore
EBIT margin 73.6% Vs 76.1%
Net profit up 8.6% at Rs 343.55 crore Vs Rs 316.08 crore
Recommended a dividend of Rs 42 per share on face value of Rs 5
Indian Energy Exchange Q4 FY22 (Consolidated, QoQ)
Revenue fell 4.6% at Rs 112.08 crore Vs Rs 117.54 crore
EBIT fell 4% at Rs 90.78 crore Vs Rs 94.4 crore
EBIT margin 81% Vs 81.3%
Net profit up 10% at Rs 88.35 crore Vs Rs 80.35 crore
Recommended dividend of Rs 1 per share on face value of Rs 1
Indian Hotels Company Q4 FY22 (Consolidated, QoQ)
Revenue fell 21.5% at Rs 872.08 crore Vs Rs 1,111.22 crore
EBITDA fell 51% at Rs 158.98 crore Vs Rs 321.75 crore
EBITDA margin 18% Vs 29%
Net profit fell 2.4% at Rs 74.19 crore Vs Rs 76.01 crore
Recommended dividend of Rs 0.4 per share on face value of Rs 1
Mahindra Lifespace Developers Q4 FY22 (Consolidated, YoY)
Revenue up 146% at Rs 102.01 crore Vs Rs 42 crore
EBITDA at negative Rs 34.69 crore Vs negative Rs 37.23 crore
EBITDA margin -34% Vs -89.7%
Net profit of Rs 86.31 crore Vs net loss of Rs 28.44 crore
Recommended dividend of Rs 2 per share n face value of Rs 10
Supreme Petrochem Q4 FY22 (Consolidated, YoY)
Revenue up 18% at Rs 1,497.73 crore Vs Rs 1,269.12 crore
EBITDA fell 2.7% at Rs 307.78 crore Vs Rs 316.34 crore
EBITDA margin 20.5% Vs 25%
Net profit fell 2.7% at Rs 225.39 crore Vs Rs 231.7 crore
Recommended final dividend of Rs 14 per share
Chennai Petroleum Corporation Q4 FY22 (Consolidated, YoY)
Revenue up 42.7% at Rs 20997.13 crore Vs Rs 14705.48 crore
EBITDA up 203% at Rs 1,581.06 crore Vs Rs 521.98 crore
EBITDA margin 7.53% Vs 3.55%
Net profit up 314% at Rs 1,001.92 crore Vs Rs 241.98 crore
Trent Q4 FY22 (Consolidated, QoQ)
Revenue up 46.75% at Rs 1,328.86 crore Vs Rs 905.55 crore
EBIT fell 13.8% at Rs 45.65 crore Vs Rs 52.97 crore
EBIT margin 3.44% Vs 5.85%
Net loss at Rs 20.87 crore Vs net profit at Rs 17.44 crore
Earnings To Watch
Agro Tech Foods
Bajaj Holdings & Investment
Datamatics Global Services
Embassy Office Parks REIT
Indo Rama Synthetics (India)
Kirloskar Pneumatic Company
Motilal Oswal Financial Services
Procter & Gamble Hygiene & Health Care
PNB Housing Finance
SBI Life Insurance Company
Shriram Transport Finance Company
Pledged Shares Details
Max Financial Services: Promoter Max Ventures Investment Holdings created a pledge of 6.27 lakh shares on April 25.
CARE Ratings: Phaeacian Accent International Value Fund sold 1.54 lakh (0.52%) shares at Rs 477.57 apiece.
Future Consumer: IndusInd Bank Client A/C sold 4.55 crore (2.28%) shares at Rs 3.02 apiece.
Who's Meeting Whom
Britannia Industries: To meet investors and analysts on May 4.
Gokaldas Exports: To meet analysts and investors on May 2.
Symphony: To meet analysts and investors on May 3.
Inox Leisure: To meet analysts and investors on May 3.
KPR Mill: To meet investors and analysts on April 28.
Equitas Small Finance Bank: To meet investors and analysts on May 5.
Maruti Suzuki: To meet analysts and investors on April 29.
Price Band Revised From 10% To 5%: Future Enterprises, Zee Media Corporation
Price Band Revised From 20% To 10%: Future Lifestyle Fashions, Future Supply Chain Solutions
Price Band Revised From 5% To 10%: Veranda Learning Solutions
Move Into Short-Term ASM Framework: Bombay Dyeing & Manufacturing Company, Future Supply Chain Solutions, Shree Renuka Sugars
Move Out Of Short-Term ASM Framework: Seshasayee Paper and Boards
Ex-Date Interim Dividend: Mold-Tek Packaging, HCL Technologies
Ex-Date Dividend: Vesuvius India, KSB