Stocks To Watch Today: Eicher Motors, L&T, SBI, Sun Pharma, Tata Motors, Tech Mahindra
Here are the stocks to watch going into trade today..
Stocks and U.S. futures advanced Friday as investors assess the impact of tightening monetary policy on tackling elevated inflation.
Equities rose in Japan, South Korea, Australia after a volatile session on Wall Street, which saw the S&P 500 session rebound to close little changed.
The Singapore-traded SGX Nifty, an early barometer of India's benchmark Nifty 50, rose nearly 1% to 15,966.50 points as of 6:40 a.m.
Concerns about an economic slowdown continue to support the dollar and sovereign bonds. while the bitcoin, down about 39% in 2022, was trading near $28,000.
Elsewhere, oil hovered around $107 a barrel and wheat prices rallied.
Here are the stocks to watch in today's trade:
NHPC/Adani Infra/Tata Power: NHPC issued contracts worth Rs 6,604.42 crore for development of grid-connected solar PV projects of 1,000 MW capacity and transmission line for power evacuation.
- Adani Infra was awarded contract for 600 MW capacity worth Rs 4,295 crore in Gujarat.
- Tata Power Solar Systems received 300 MW capacity contract worth Rs 1,732 crore in Rajasthan.
- SSEL-ASR JV got contract for 100 MW capacity in Andhra Pradesh for Rs 577 crore.
Wipro: The company announced a five-year strategic engagement with Scania to transform the digital workplace.
Sun Pharma: The company received final approval from US FDA for its Abbreviated New Drug Application for generic Mesalamine extended release capsules.
Indiabulls Housing Finance: Raised reference rates on housing loans and loans against property by 40 basis points. The new rates will be applicable for existing borrowers from June 1.
Earnings Today: Tech Mahindra, Eicher Motors, State Bank of India, Alkem Laboratories, Bank of Baroda, Hindustan Aeronautics Ltd., Bandhan Bank, Gujarat Fluorochemicals, Escorts, Emami, Carborundum, JK Paper, CESC, Nazara Technologies, DB Corp, Sharda Cropchem, Steel Strips Wheels.
Earnings Post Market Hours
Larsen & Toubro Q4 FY22 (Consolidated, YoY)
Revenue up 9.9% at Rs 52,850.67 crore
EBITDA fell 20.53% to 6,520.52 crore
EBITDA margin at Rs 12.34% vs 17.06%
Net profit up 11.98% at Rs 4,138.47 crore
Recommended final dividend of Rs 22 per share
Tata Motors Q4 FY2022 (Consolidated, YoY)
Revenue down 11% at Rs 78,439 crore
EBITDA down 32% at Rs 8,726 crore
EBITDA margins at 10.6% vs 14.4%
Net loss shrinks to Rs 1,033 crore
Siemens Q4 FY22 (Consolidated, QoQ)
Revenue up 11.37% at Rs 3,954.7 crore
EBIT up 43.14% at Rs 404.80 crore
EBIT margin at 10.24% vs 7.96%
Net profit up 36% at Rs 340 crore
Tube Investments Q4 FY22 (Consolidated, YoY)
Revenue up 25% at Rs 3,414.96 crore
EBITDA up 29.6% at Rs 359.04 crore
EBITDA margin at 10.51% vs 10.14%
Net profit up 57.45% at Rs 225.22 crore
Recommended final dividend of Rs 1.5 per share
Apollo Tyres Q4 FY22 (Consolidated, YoY)
Revenue up 11% at Rs 5,578.31 crore
EBITDA fell 23.11% at Rs 626.34 crore
EBITDA margin at 11.23% vs 16.21%
Net profit fell 60.51% at Rs 113.45 crore
Recommended final dividend of Rs 3.5 per share
Gujarat State Petronet Q4 FY22 (Consolidated, YoY)
Revenue up 33% at Rs 5,094.21 crore
EBITDA up 12% at Rs 1,010.6 crore
EBITDA margin at 19.84% vs 23.55%
Net profit up 10.74% at Rs 639.51 crore
Recommended dividend of Rs 2 per share
Honeywell Automation Q4 FY22 (Consolidated, YoY)
Revenue fell 0.64% to Rs 667.98 crore
EBITDA fell 32.18% to Rs 87.30 crore
EBITDA margin at 13.07% vs 19.15%
Net profit fell 30.14% at Rs 72.67 crore
Recommended dividend of Rs 90 per share
CreditAccess Grameen Q4 FY22 (Consolidated, QoQ)
Revenue up 19.6% at Rs 821.89 crore
EBIT up 23% at Rs 482.39 crore
EBIT margin at 58.69% vs 57.08%
Net profit up 37% at Rs 160.13 crore
Anupam Rasayan Q4 FY22 (Consolidated, YoY)
Revenue up 16.77% at Rs 317.23 crore
EBITDA up 55% at Rs 97.28 crore
EBITDA margin at 30.67% vs 23.12%
Net profit up 108% at Rs 46.1 crore
Recommended final dividend of Rs 1 per share
Pledged Shares Details
Max Financial Services: Promoter Max Ventures Investment Holdings created a pledge of 6.05 lakh shares on May 10.
Sun Pharmaceutical Industries: Promoter Group Shanghvi Finance revoked a pledge of 47 lakh shares on May 6.
Insider Trades
Apcotex Industries: Promoter Group Balasesh Leafin bought 16,314 shares on May 9. Promoter Group Cons Holding bought 5,089 shares between May 9 and May 10.
Geojit Financial Services: Promoter BNP Paribas SA sold 75,984 shares between May 9 and May 11.
Shriram City Union Finance: Promoter Group Shriram Value Services bought 89,035 shares between May 9 and May 10.
Bulk Deals
Mahindra CIE Automotive: Participaciones Internacionales Autometal Dossociedad Limitada bought 1.02 crore (2.69%) shares at Rs 195 apiece. Acacia Conservation Fund LP sold 46.24 lakh (1.21%) shares at Rs 195 apiece. Acacia Institutional Partners, L.P sold 36.99 lakh (0.97%) shares at Rs 195 apiece.
Who's Meeting Whom
Anupam Rasayan India: To meet investors on May 13.
Fino Payments Bank: To meet investors/analysts on May 17.
Century Plyboards (India): To meet investors and analysts on May 17.
Bata India: To meet investors and analysts on May 27.
Relaxo Footwear: To meet investors on May 13.
Bharat Forge: To meet analysts/investors on May 16.
Anup Engineering: To meet investors and analysts on May 17.
Trading Tweaks
Move Out Of Short-Term ASM Framework: Solara Active Pharma Sciences, Gokaldas Exports, Ujjivan Financial Services, Swan Energy, Satia Industries
Record Date Dividend: HDFC Bank
Record Date Interim Dividend: Procter & Gamble Health, Coastal Corporation
Ex-Date Demerger: Dhampur Sugar Mills
Ex-Date Face Value Split: Black Box
Ex-Date Interim Dividend: Suven Pharmaceuticals, Oracle Financial Services Software, Indus Towers
Ex-Date Bonus: BLS International Services
Top Research Reports
Aarti Drugs - Building Blocks To Propel Long-Term Growth: Dolat Capital Initiates Coverage
Hindalco's Novelis Announces Major Expansion In The U.S.: Systematix
Suven Pharma - CDMO Core Growth Intact; Formulations To Pick Up: Anand Rathi
Sona BLW - New Product Introductions Continue To Enthuse: Systematix