Stocks To Watch Today: HDFC, IndusInd Bank, Maruti Suzuki, Tata Motors, Wipro
Stocks declined and U.S. equity futures fell Monday as inflation worries and China’s Covid lockdowns weighed.
Equities fell in Japan, Australia and South Korea. Markets in China and Hong Kong are shut for holidays. U.S. futures stabilized after the markets logged one of their worst monthly drops since the pandemic first led to a steep decline in markets in early 2020.
The Singapore-traded SGX Nifty, an early barometer of India's benchmark Nifty 50, fell over 1% to 16,951.50 points as of 6:45 am.
The Federal Reserve is expected to raise rates by a half point Wednesday, the largest increase since 2000. Price pressures due to disruptions from Russia’s war in Ukraine could intensify, as the European Union is set to propose a ban on Russian oil by the end of the year, with restrictions on imports introduced gradually until then, according to people familiar with the matter.
West Texas Intermediate crude was near $105 a barrel. Elsewhere, bitcoin hovered around 38,700.
Here are the stocks to watch in today's trade:
GE Power: The company has been awarded a contract worth Rs 863.4 crore ($113 Million) by GREENKO to Design, Engineering, Model Testing, Manufacture, Shop Testing, Packing, Supply, Insurance, Transportation and Deliver at project site of complete electro-mechanical package from Main Inlet Valve to LV Terminal connection of Generator Transformer including critical and mandatory Spares" for 3 x 320 MW + 2 x 160 MW Vertical Francis Pump Turbine Fixed Speed Machines at Saundatti, Belagavi, Karnataka.
Suzlon Energy: The company has signed a Rupee Term loan agreement for availing financial assistance for refinancing the existing debt facilities with the consortium of lenders led by the REC.
Eicher Motors: April vehicle sales rise 158% YoY to 5,525 units
HDFC: Raised retail prime lending rate on housing loans by 5bps, from May 1.
Maruti Suzuki: April Total sales down 6 % YoY to 1,50,661 units.
NTPC: Invited EoI to produce torrefied biomass pellets from Indian startups.
Sun Pharmaceutical: Firm's $485 million antitrust deal gets court nod.
Tata Motors: April vehicle sales up 74% YoY to 72,468 units.
Earnings Post Market Hours
Wipro Q4 FY22 (Consolidated, QoQ)
Revenue up 2.69% at Rs 20,860 crore Vs Rs 20,313.6 crore (Bloomberg Estimate: Rs 20,821.3 crore)
EBIT fell 4.82% at Rs 3,402.9 crore Vs Rs 3,575.2 crore (Bloomberg Estimate: 3,603 crore)
EBIT margin 16.3% Vs 17.6% (Bloomberg Estimate: 17.3%)
Net profit up 3.03% at Rs 3,087.3 crore Vs Rs 2,969 crore (Bloomberg Estimate: Rs 3,005 crore)
Attrition rose to 23.8% on trailing twelve months basis
IndusInd Bank Q4 FY22
Net Interest Income: Rs 3,985 crore vs Rs 3535 crore (YoY)
Net Profit: Rs 1400.6 crore vs Rs 926 crore (YoY)
GNPA: 2.27% vs 2.48% (QoQ)
NNPA: 0.64% vs 0.71% (QoQ)
SBI Cards and Payment Services Q4 FY22 (Consolidated, QoQ)
Revenue fell 1.3% at Rs 2,850.31 crore Vs Rs 2,889.46 crore
EBIT up 61.57% at Rs 880.74 crore Vs Rs 545.13 crore
EBIT margin 30.9% Vs 18.87%
Net profit up 50.57% at Rs 580.86 crore Vs Rs 385.78 crore
Tata Chemicals Q4 FY22 (Consolidated, YoY)
Revenue up 32% at Rs 3,480.67 crore Vs Rs 2,636.21 crore
EBITDA up 132.5% at Rs 657.37 crore Vs Rs 282.72 crore
EBITDA margin 18.89% Vs 10.72%
Net profit up 3,833.56% at Rs 462.98 crore Vs Rs 11.77 crore
L&T Finance Holdings
Revenue fell 0.8% at Rs 2946.78 crore Vs Rs 2970.75 crore
EBIT up 2.65% at Rs 1,691 crore Vs Rs 1647.32 crore
EBIT margin 57.38% Vs 55.45%
Net profit up 5% at Rs 342.24 crore Vs Rs 326 crore
Recommended a dividend of Rs 0.5 per share of face value of Rs 10 each
Approved raising funds by issuance of non-convertible securities upto Rs. 2,000 crores
Star Health and Allied Insurance Q4 FY22 (Consolidated)
Net premium earned up 295% at Rs 2621.17 crore Vs Rs 663.82 crore (YoY)
Net loss fell 91.5% at Rs 82.04 crore Vs Rs 956.92 (YoY)
Tanla Platforms Q4 FY22 (Consolidated, QoQ)
Revenue fell 3.6% at Rs 853.05 crore Vs Rs 884.92 crore
EBIT fell 9.29% at Rs 173.92 crore Vs Rs 191.74 crore
EBIT margin 20.39% Vs 21.67%
Net profit fell 11% at Rs 140.62 crore Vs Rs 158 crore
Recommended a final dividend of Rs. 2 per share of face value of Rs 1 each
HFCL Q4 FY22 (Consolidated, QoQ)
Revenue fell 2.6% at Rs 1182.98 crore Vs Rs 1215.21 crore
EBIT fell 32.76% at Rs 101.42 crore Vs Rs 150.83 crore
EBIT margin 8.57% Vs 12.41%
Net profit fell 16.67% at Rs 65.32 crore Vs Rs 78.38 crore
Recommended dividend of Rs 0.18 per share of face value of Rs 1 each
Earnings To Watch
Mahindra Holidays & Resorts
Mahindra and Mahindra Financial Services
EIH Associated Hotels
CG Power and Industrial Solutions
Pledged Shares Details
Future Retail: Promoter Future Corporate Resources invoked a pledge of 1.12 crore shares on April 26.
Eris Lifesciences: Emerald Investments bought 28.35 lakh (2.08%) shares at Rs 658.71. Bhikhabhai Chimanlal Shah 30 lakh (2.2%) shares at Rs 658.29.
Who's Meeting Whom
TVS Motor Company: To meet analysts and investors on May 5.
Devyani International: To meet analysts and investors on May 2.
Emami: To meet investor and analysts on May 13.
Ultratech Cement: To meet investors on May 2.
DCM Shriram: To meet analysts and investors on May 9.
Godrej Consumer Products: To meet analysts and investors on May 19.
Computer Age Management Services: To meet investors on May 6.
Vardhman Special Steels: To meet investors and analysts on May 2.
Eris Lifesciences: To meet analysts and investors on May 3.
JustDial: To meet investors on May 2.
Varroc Engineering: To meet analysts and investors on May 2.
Price Band Revised to 20%: Pfizer
Move Into Short-Term ASM Framework: Future Enterprises, Hexa Tradex
Move Out Of Short-Term ASM Framework: Optiemus Infracom