Stock Market Today: All You Need To Know Going Into Trade On July 28

Stocks extended a rally on Thursday, bonds rose and the dollar held losses, as the prospect of a slower pace of Fed monetary tightening filtered across global markets.

Shares climbed in Japan, Australia and South Korea, though the gains were more modest than in the US, where the S&P 500 rose 2.6% and the tech-heavy Nasdaq 100 had its best day since 2020. US equity futures dipped.

At 7:15 am, the Singapore-traded SGX Nifty -- an early barometer of India's benchmark Nifty 50 -- traded 0.6% higher at 16,760 points.

The US Federal Reserve raised rates by 75 basis points for a second month. Such a move is possible again, the central bank said, and reiterated its commitment to fighting inflation. But Chairman Jerome Powell said that the pace of hikes will slow at some point and the Fed will set policy meeting-by-meeting, avoiding explicit guidance on hike increments.

Treasuries advanced, lowering the 10-year yield to 2.76%. Oil, gold and Bitcoin are also up in the wake of the Fed meeting.

Tata Motors Q1 FY23 (Consolidated, YoY)

• Revenue up 8% at Rs 71,934.66 crore Vs Rs 66,406.45 crore (Bloomberg estimate: Rs 71,509.7 crore)

• EBITDA fell 54% at Rs 2,412.73 crore Vs Rs 5,242.67 crore (Bloomberg estimate: Rs 6,608.5 crore)

• EBITDA margin 3.35% Vs 7.9%

• Net loss up 12% at Rs 5,006.6 crore Vs Rs 4,450.92 (Bloomberg estimate: net loss of Rs 1,039.6 crore)

Biocon Q1 FY23 (Consolidated, YoY)

• Revenue up 22% at Rs 2,140 crore Vs Rs 1,761 crore (Bloomberg estimate: Rs 2,354 crore)

• EBITDA up 3% to Rs 399 crore from Rs 389 crore (Bloomberg estimate: Rs 560 crore Profit)

• EBITDA margins at 18.7% Vs 22.1% (Bloomberg estimate: 23.8%)

• Net profit up 71% to Rs 144 crore Vs Rs 84 crore (Bloomberg estimate: Rs 236 crore)

IIFL Finance Q1 FY23 (Consolidated, YoY)

• Revenue up 27% at Rs 1928.64 crore Vs Rs 1514.39 crore

• EBITDA up 13% at Rs 1,197.71 crore Vs Rs 1062.19 crore

• EBITDA margin 62% Vs 70%

• Net profit up 24% at Rs 329.69 crore Vs Rs 265.72 crore

Mahindra Lifespace Developers Q1 FY23 (Consolidated, YoY)

• Revenue fell 36% at Rs 94.55 crore Vs Rs 148.21 crore (Bloomberg estimate: Rs 129.2 crore)

• EBITDA loss up 32% at Rs 31.96 crore Vs Rs 24.18 crore (Bloomberg estimate: Rs 8.15 crore loss)

• EBITDA margin -33.8% Vs -16.31%

• Net profit of Rs 75.7 crore Vs net loss of Rs 14.04 crore. (Bloomberg estimate: Rs 7.8 crore profit)

• Q1 FY23 net profit includes exceptional item of Rs 33.82 crore pertaining to the joint venture company, Mahindra Homes. During the quarter, MHPL launched Tower B of Luminare Project and experienced significant increase in sales velocity and prices. The company has evaluated the carrying value of its investment and on the basis of estimated Net Present Value of forecasted cash flows expected to be generated by MHPL, reversed an impairment loss of Rs 33.82 crore.

Dixon Technologies Q1 FY23 (Conolidated, QoQ)

• Revenue fell 3% at Rs 2,855.07 crore Vs Rs 2,952.75 crore (Bloomberg estimate: Rs 2,822.2 crore)

• EBIT fell 23% at Rs 76.06 crore Vs Rs 99.07 crore (Bloomberg estimate: Rs 106.7 crore)

• EBIT margin 2.6% Vs 3.3%

• Net profit fell 27% at Rs 45.7 crore Vs Rs 62.97 crore (Bloomberg estimate: Rs 53.3 crore)

EIH Q1 FY23 (Conolidated, QoQ)

• Revenue up 31% at Rs 394.29 crore Vs Rs 300.95 crore (Bloomberg estimate: Rs 349.8 crore)

• EBITDA up 5x at Rs 99.54 crore Vs Rs 19.04 crore (Bloomberg estimate: Rs 82.6 crore)

• EBITDA margin 25% Vs 6%

• Net profit up 4x at Rs 62.82 crore Vs Rs 14.83 crore (Bloomberg estimate: Rs 40.5 crore)

United Breweries Q1 FY23 (Consolidated, QoQ)

• Revenue up 43% at Rs 2,438.71 crore Vs Rs 1,709.17 crore (Bloomberg estimate: Rs 2581.9 crore)

• EBITDA up 2% at Rs 266.14 crore Vs Rs 261.47 crore (Bloomberg estimate: 392.5 crore)

• EBITDA margin 11% Vs 15%

• Net profit fell 1% at Rs 162.09 crore Vs Rs 163.4 crore (Bloomberg estimate: Rs 252 crore)

• Appointed Radovan Sikorsky as the Chief Financial Officer effective July 27.

Shriram City Union Finance Q1 FY23 (Consolidated, QoQ)

• Revenue up 6% at Rs 2,002.06 crore vs Rs 1,893.81 crore

• EBITDA up 1% at Rs 1,249.19 crore Vs Rs 1234.73 crore

• EBITDA margin 62.4% Vs 65.2%

• Net profit up 8% at Rs 354.27 crore Vs Rs 327.49 crore

Schaeffler India Q2 CY23 (Consolidated, YoY)

• Revenue up 42% at Rs 1748.83 crore Vs Rs 1232.89 crore

• EBITDA up 55% at Rs 321.73 crore Vs Rs 207.06 crore

• EBITDA margin 18.4% Vs 16.8%

• Net profit up 76% at Rs 225.75 crore Vs Rs 128.13 crore

Poonawalla Fincorp Q1 FY23 (Consolidated, YoY)

• Revenue up 14% at Rs 545.21 crore Vs Rs 476.3 crore

• EBITDA up 20% at Rs 336.17 crore Vs Rs 280.86 crore

• EBITDA margin 61.6% Vs 59%

• Net profit up 2x at Rs 140.68 crore Vs Rs 64.54 crore

Welspun Q1 FY23 (Consolidated, YoY)

• Revenue fell 12% at Rs 1,957.25 crore Vs Rs 2,214.49 crore

• EBITDA fell 66% at Rs 151.81 crore Vs Rs 447.09 crore

• EBITDA margin 8% Vs 20%

• Net profit fell 90% at Rs 22.39 crore Vs Rs 217.53 crore

VIP Industries Q1 FY23 (Consolidated, YoY)

• Revenue up 2.8x at Rs 590.61 crore Vs Rs 206.21 crore

• EBITDA up 8x at Rs 102.61 crore Vs Rs 12.89 crore

• EBITDA margin 17% Vs 6%

• Net profit up 27x at Rs 69.1 crore Vs Rs 2.53 crore

• HDFC/HDFC Bank: The merger between two companies was approved by SEBI.

• SpiceJet: DGCA capped restricted SpiceJet's capacity to 50% for 8 weeks after findings of various spot checks, inspections and airline's reply to a show-cause notice issued by the regulator. The company said that no flights will be cancelled as it has already rescheduled its flight operations due to current lean travel season.

• Hero MotoCorp: The company has selected Accenture to scale up and enhance its supply chain. The program will include supply chain strategy, planning optimization, logistics cost optimization and development of an end-to-end digital supply chain suite, thereby enabling the company to manage the increasing complexity in products, markets, and supply chain networks while driving cost reduction in an inflationary environment.

• Hindustan Aeronautics: The company has signed a contract worth $100 million with Honeywell for supply and manufacture of 88 TPE331-12B engines/kits along with maintenance and support services to power the Hindustan Trainer Aircraft.

• Shopper’s Stop: The company approved investment of Rs 20 crore in its wholly owned subsidiary Global SS Beauty Brands by Q3 FY23.

Earnings: Vedanta, TVS Motor, Nestle, Dr Reddy’s Laboratories, Bajaj Finserv, SBI Life Insurance Company, Bajaj Holdings & Investments, SBI Cards and Payment Services, Nippon Life India Asset Management, Dr. Lal Path Labs, Mahindra & Mahindra Financial Services, Motilal Oswal, CMS Infosystems, Sona BLW Precision Forgings, Shree Cement, Chalet Hotels, Apar Industries, Ajanta Pharma, Aavas Financiers, NOCIL, NIIT, Mangalore Refinery and Petrochemicals, K.P.R. Mill, Jubilant FoodWorks, Jamna Auto Industries, Intellect Design Arena, IIFL Securities, IFB Industries, GMM Pfaulder, GHCL, Equitas Small Finance Bank, Westlife Developers, TTK Prestige, Shriram Transport Finance, RITES, PNB Housing Finance, Orient Hotels

• Huhtamaki India: Seetha Kumari bought 5.08 lakh (0.67%) shares at Rs 199.21 apiece.

• United Breweries: To meet investors and analysts on July 28.

• TVS Motor: To meet investors and analysts on July 28.

• Fino Payments Bank: To meet investors and analysts on July 28.

• Jindal Stainless (Hisar): To meet investors and analysts on July 28.

• RITES: To meet investors and analysts on July 29.

• Welspun: To meet investors and analysts on July 29.

• PUTL: To meet investors and analysts on July 29.

• Route Mobile: To meet investors and analysts on July 29.

• Bank of Baroda: To meet investors and analysts on July 30.

• Godrej Agrovet: To meet investors and analysts on July 30.

• Nazara Technolgies: To meet investors and analysts on August 1.

• Varun Beverages: To meet investors and analysts on August 1.

• Vaibhav Global: To meet investors and analysts on August 3.

• Adani Green Energy: To meet investors and analysts on August 3.

• Max Financial Services: To meet investors and analysts on August 3.

• Lemon Tree Hotels: To meet investors and analysts on August 4.

• Glenmark Lifeciences: To meet investors and analysts on August 5.

• CERA Sanitaryware: To meet investors and analysts on August 5.

• SBI: To meet investors and analysts on August 6.

AGMs today:

• Biocon

• Bajaj Finserv

• Bajaj Holdings & Investments

• Colgate-Palmolive

• EIH Hotel

• IndInfravit Trust

• Latent View Analytics

• Minda Corporation

• National Highways Infra Trust

• Ex-Date Annual General Meeting: Automotive Axles

• Ex-Date Dividend: Automotive Axles, ICRA, Mukand, Sobha

• Ex-Date Final Dividend: Amara Raja Batteries, AU Small Finance Bank, Automotive Axles, Bajaj Electricals, eMudhra, Fairchem Organics, Fineotex Chemical, ICICI Lombard General Insurance Company, NESCO, Steel Authority of India, Zydus Lifesciences

• Ex-Date Interim Dividend: Ramkrishna Forgings, SRF

• Ex-Date Income Distribution: Embassy Office Parks REIT

• Ex-Date Stock Split: Tata Steel

• Record-Date Annual General Meeting: Dalmia Bharat Sugar and Industries

• Record-Date Dividend: Kalpataru Power Transmission, Dalmia Bharat Sugar and Industries, EPL

• Record-Date Interim Dividend: Bhansali Engineering Polymers

• Move Into Short-Term ASM Framework: Astra Microwave Products

• Move Out Of Short-Term ASM Framework: Fiem Industries

The rupee ended at Rs 79.90 against the U.S. Dollar on Wednesday as compared to Tuesday's closing of Rs 79.76

• Nifty July futures ended at 16,660.40, a premium of 18.6 points.

• Nifty July futures shed 12.79% and 15,297 shares in Open Interest.

• Nifty Bank July futures ended at 36,779.85, a discount of 3.9 points.

• Nifty Bank July futures added 3,27%, 1,736 shares in Open Interest.

• Securities in the ban: Indiabulls Housing Finance

• Securities added to ban list: Delta Corp

• Oil & Gas Sector Check - Indraprastha, MGL To Take A Breather In The Near Term: Motilal Oswal

• Consumer Discretionary Q1 Preview - Margin Recovery To Lag That In Topline: HDFC Securities

• L&T Q1 Review - Stable Performance; Strong Outlook: Centrum Broking

• Automobiles Sector Check - Demand Momentum For PVs Sustains, Picks Up For Two-Wheelers: Motilal Oswal