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Stock Market Today: All You Need To Know Going Into Trade On Aug. 12

Stocks in the news, big brokerage calls of the day, complete trade setup and much more!

<div class="paragraphs"><p>(Source: <a href="https://unsplash.com/@edge2edgemedia">Edge2Edge Media</a>/Unsplash)</p></div>
(Source: Edge2Edge Media/Unsplash)

US futures fluctuated after the S&P 500 and Nasdaq 100 gave up intraday gains to end in the red.

Stocks in Asia got a lift from Japan on Friday while Treasuries were mixed as investors evaluated how far the Federal Reserve must jack up interest rates to ensure high inflation keeps cooling.

Elsewhere, oil gained as fears of a slowdown in demand eased after IEA lifted consumption estimates. Gold fluctuated and Bitcoin went above $24,000.

Back home, India's stock benchmarks closed higher after softer-than-expected U.S. inflation print raised expectations that the Federal Reserve will hike interest rates at a slower pace.

The local currency depreciated against the U.S. dollar on Thursday amid rising crude oil prices.

Stock Market Today: All You Need To Know Going Into Trade On Aug. 12

Earnings Post Market Hours

Aurobindo Pharma Q1 FY23 (Consolidated, YoY)

  • Revenue up 9% at Rs 6,236 crore Vs Rs 5,702 crore (Bloomberg estimate: Rs 5,964 crore)

  • EBITDA down 20% to Rs 965 crore from Rs 1,209 crore (Bloomberg estimate: Rs 1,054 crore)

  • EBITDA margin at 15.5% Vs 21.2% (Bloomberg estimate: 17.7%)

  • Net profit down 32% to Rs 521 crore Vs Rs 770 crore (Bloomberg estimate: Rs 620 crore)

Apollo Hospitals Enterprise Q1 FY23 (Consolidated, YoY)

  • Revenue up 1% at Rs 3,796 crore Vs Rs 3,760 crore (Bloomberg estimate: Rs 3,868 crore)

  • EBITDA down 6% to Rs 491 crore from Rs 520 crore (Bloomberg estimate: Rs 536 crore)

  • EBITDA margin at 12.9% Vs 13.8% (Bloomberg estimate: 13.9%)

  • Net profit down 35% to Rs 317 crore Vs Rs 489 crore (Bloomberg estimate: Rs 196 crore)

Aster DM Healthcare- Q1 FY2023-consol figures (YoY)

  • Revenue up 12% at Rs 2,662 crore Vs Rs 2,372 crore (Bloomberg estimate: Rs 2,546 crore)

  • EBITDA up 4% to Rs 292 crore from Rs 281 crore (Bloomberg estimate: Rs 375 crore)

  • EBITDA margins at 11% Vs 11.8% (Bloomberg estimate: 14.7%)

  • Net profit up 54% to Rs 68.5 crore Vs Rs 44.5 crore (Bloomberg estimate: Rs 99.6 crore)

The Phoenix Mills Q1 FY23 (Consolidated, QoQ)

  • Revenue up 16% at Rs 574 crore Vs Rs 495 crore

  • EBITDA up 34% at Rs 322.89 crore Vs Rs 241.07 crore

  • EBITDA margin 56% Vs 49%

  • Net profit up 7x at Rs 718.69 crore Vs Rs 104.78 crore. Net profit for Q1 FY23 includes Rs 556.75 crore representing gain on remeasurement of equity stake acquired in n Classic Mall Development.

Shilpa Medicare Q1 FY23 (Consolidated, QoQ)

  • Revenue fell 23% at Rs 261 crore Vs Rs 341 crore

  • EBITDA fell 72% at Rs 20.55 crore Vs Rs 73.72 crore

  • EBITDA margin 8% Vs 22%

  • Net profit fell 97% at Rs 84 lakh Vs Rs 29.54 crore

Quess Corp Q1 FY23 (Consolidated, QoQ)

  • Revenue up 5% at Rs 3,979 crore Vs Rs 3,792 crore

  • EBITDA fell 17% at Rs 153.30 crore Vs Rs 184.7 crore

  • EBITDA margin 4% Vs 5%

  • Net profit fell 9% at Rs 66.8 crore Vs Rs 73.6 crore

Sunteck Realty Q1 FY23 (Consolidated, QoQ)

  • Revenue fell 8% at Rs 144 crore Vs Rs 156 crore

  • EBITDA up 7x at Rs 45.20 crore Vs Rs 6.23 crore

  • EBITDA margin 31.5% Vs 4%

  • Net profit of Rs 24.94 crore Vs loss of Rs 4.31 crore

Himadari Specialty Chemicals Q1 FY23 (Consolidated, YoY)

  • Revenue up 94% at Rs 1,047 crore Vs Rs 540 crore

  • EBITDA up 99% at Rs 71.60 crore Vs Rs 35.92 crore

  • EBITDA margin remained flat at 7%

  • Net profit up 2.6x at Rs 38.56 crore Vs Rs 14.45 crore

Opinion
Aurobindo Pharma Q1 Results: Profit Falls 32%, Misses Estimates

Stocks To Watch

  • Sterling and Wilson Renewable Energy: Promoter Shapoorji Pallonji will offload 1.25% stake in the company via offer for sale. The floor price is Rs 270 apiece.

  • Voltas: Life Insurance Corporation raised its stake in the company to 6.86% from 4.83%.

Earnings: Aegis Logistics, Ahluwalia Contracts, Apollo Tyres, Astral, Bajaj Electricals, Balaji Amines, Bharat Dynamics, Campus Activewear, Dilip Buildcon, Divi's Laboratories, Elgi Equipments, Esab India, Eureka Forbes, Finolex Cables, Gujarat Mineral Development Corporation, Godrej Industries, Grasim Industries, Hindustan Aeronautics, Hero Motocorp, Hinduja Global Solutions, India Cements, Inox Wind, Kama Holdings, Kennametal India, Life Insurance Corporation of India, Info Edge (India), NLC India, Oil and Natural Gas Corporation, Power Finance Corporation, Polyplex Corporation, Restaurant Brands Asia, Rashtriya Chemicals & Fertilizers, Responsive Industries, Rupa & Company, SJVN, Sun Tv Network, Supriya Lifescience, TCNS Clothing, Techno Electric & Engineering Company, Timken India, Varroc Engineering, Voltamp Transformers, Wockhardt, Zee Entertainment Enterprises

Opinion
Adani Group To Invest Rs 57,575 Crore In Odisha

Insider Trades

  • Kirloskar Ferrous Industries: Promoter Jyotsna Gautam Kulkarni sold 15.49 lakh shares on August 10. Promoter Groups Nihal Gautam Kulkarni and Ambar Gautam Kulkarni sold 7.74 lakh shares on August 10.

  • LG Balakrishnan & Bros: Promoter Nithin Karivardhan sold 3,000 shares on August 10.

  • Kirloskar Pneumatic Company: Promoter Jyotsna Gautam Kulkarni sold 46.62 lakh shares on August 10. Promoter Groups Nihal Gautam Kulkarni and Ambar Gautam Kulkarni sold 23.31 lakh shares on August 10.

  • Geojit Financial Services: Promoter BNP Paribas SA sold 2.03 lakh shares between June 13 and August 8.

  • RPG Life Sciences: Promoter Group Nucleus Life Trust bought 28,706 shares between August 8 and August 10.

  • Godrej Agrovet: Promoter Godrej Industries bought 54,793 shares on August 5.

Bulk Deals

  • Newgen Software Technologies: Massachusetts Institute of Technology bought 10.15 lakh (1.45%) shares at Rs 370 apiece. PGIM India Mutual Fund - PGIM India Small Cap Fund 4.11 lakh (0.58%) shares at Rs 370 apiece. Abu Dhabi Investment Authority sold 8.09 lakh (1.15%) shares at Rs 370 apiece.

Who’s Meeting Whom

  • Restaurant Brands Asia: To meet investors and analysts on August 12.

  • Eclerx Services: To meet investors and analysts on August 12.

  • PG Electroplast: To meet investors and analysts on August 12.

  • EKI Energy Services: To meet investors and analysts on August 12.

  • One 97 Communications: To meet investors and analysts on August 12.

  • CESC: To meet investors and analysts on August 12.

  • Anand Rathi Wealth: To meet investors and analysts on August 12.

  • Himatsingka Seide: To meet investors and analysts on August 13.

  • Campus Activewear: To meet investors and analysts on August 16.

  • Apollo Tyres: To meet investors and analysts on August 16.

  • NBCC (India): To meet investors and analysts on August 16.

  • Mahindra Logistics: To meet investors and analysts on August 16.

  • Mazagon Dock Shipbuilders: To meet investors and analysts on August 16.

  • EKI Energy Services: To meet investors and analysts on August 16.

AGMs today:

  • ADF Foods

  • Anand Rathi Wealth

  • Andhra Paper

  • Apar Industries

  • Avanti Feeds

  • Bajaj Electricals

  • Bata India

  • Bhagiradha Chemicals & Industries

  • Bharath Forge

  • Bharti Airtel

  • Dabur India

  • Disa India

  • Elgi Equipments

  • Gujarat Ambuja Exports

  • Godrej India

  • Kama Holdings

Opinion
Srei Group NBFCs Receive Two Bids Under IBC

Trading Tweaks

  • Ex-Date Dividend: KPIT Technologies, WPIL

  • Ex-Date Final Dividend: Avt Natural Products, Eicher Motors, Fiem Industries, Isgec Heavy Engineering, J B Chemicals and Pharmaceuticals, MAS Financial Services, Motherson Sumi Wiring India, Triveni Engineering & Industries

  • Ex-Date Interim Dividend: Computer Age Management Services, Irb Infrastructure Developers

  • Ex-Date Income Distribution RITES: Brookfield India Real Estate Trust REIT

  • Record Date Dividend: Divi's Laboratories, IndusInd Bank, Timken India, Indian Oil Corporation, Kotak Mahindra Bank, NCC

  • Record Date Interim Dividend: Balkrishna Industries, Rain Industries, Shyam Metalics and Energy

  • Record-Date Annual General Meeting: IndusInd Bank

  • Record-Date Final Dividend: Coal India, Indian Energy Exchange, Jubilant Pharmova, PlatinumOne Business Services

  • Move Out Of Short-Term ASM Framework: Metro Brands, West Coast Paper Mills

Stock Market Today: All You Need To Know Going Into Trade On Aug. 12

Money Market Update

The rupee ended at Rs 79.63 against the U.S. Dollar on Thursday as compared to Wednesday's closing of Rs 79.51

Research Reports

Opinion
Walt Disney CEO Says ‘Disciplined Decision’ To Not Proceed With IPL Digital Rights