Stock Market Today: All You Need To Know Going Into Trade On Oct. 19

Asian stocks had a mixed open on Wednesday as traders assessed a solid start to the corporate-earnings season that helped extend a rally in US markets.

Equities in Japan and Australia advanced, while South Korean stocks fluctuated. In the US, stocks rallied after earlier giving up almost all of their advance, sending the S&P 500 to back-to-back gains to start the week.

Domestic benchmarks indices closed higher for the second day in a row buoyed by by broad-based gains across sectors led by power, realty, capital goods, utilities, automobiles, telecommunications, industrials, and energy stocks, and a recovery in global equities.

Rupee closed marginally worse against the U.S. dollar. At 6:47 a.m., the Singapore-traded SGX Nifty -- an early barometer of India's benchmark Nifty 50 -- gained 0.01% to 17,496.

L&T Technology Services Q2 FY23 (Consolidated, QoQ)

• Revenue up 6% at Rs 1,995 crore Vs Rs 1,874 crore (Bloomberg estimate: Rs 1,966.7 crore)

• EBITDA up 5% at Rs 421.80 crore Vs Rs 401 crore (Bloomberg estimate: Rs 404.9 crore)

• EBITDA margin flat at 21% (Bloomberg estimate: 20%)

• Net profit up 3% at Rs 282.4 crore Vs Rs 274.2 crore (Bloomberg estimate: Rs 273.6 crore)

• Declared interim dividend of Rs 15 per share

ICICI Lombard General Insurance Q2 FY23 (Consolidated, YoY)

• Revenue up 18% at Rs 4,499 crore Vs Rs 3,808 crore (Bloomberg estimate: Rs 4,522 crore)

• EBITDA at up 12% at Rs 510 crore Vs Rs 457 crore

• EBITDA margins at 11.34% vs 12%

• Net profit up 32% to Rs 591 crore Vs Rs 447 crore (Bloomberg estimate: Rs 337 crore)

HFCL Q2 FY23 (Consolidated, YoY)

• Revenue up 5% at Rs 1,173 crore Vs Rs 1,122 crore

• EBITDA fell 2% at Rs 166.01 crore Vs Rs 169.15 crore

• EBITDA margin 14% Vs 15%

• Net profit at Rs 81.84 crore Vs Rs 81.6 crore

Sonata Software Q2 FY23 (Consolidated, QoQ)

• Revenue fell 16% at Rs 1,496 crore Vs Rs 1,779 crore (Bloomberg estimate: Rs 1,249.7 crore)

• EBIT up 10% at Rs 140.91 crore Vs Rs 128.67 crore (Bloomberg estimate: 131.2 crore)

• EBIT margin 9% Vs 7%

• Net profit up 6% at Rs 112.71 crore Vs Rs 107.76 crore (Bloomberg estimate: Rs 104.5 crore)

• Declared interim dividend of Rs 7 per share of face value of Rs 1 each

Schaeffler India Q2 FY23 (Consolidated, YoY)

• Revenue up 18% at Rs 1,756 crore Vs Rs 1,488 crore

• EBITDA up 20% at Rs 318.97 crore Vs Rs 264.48 crore

• EBITDA margin flat at 18%

• Net profit up 26% at Rs 215.36 crore Vs Rs 170.81 crore

Network18 Media Investments Q2 FY23 (Consolidated, QoQ)

• Revenue up 16% at Rs 1,549 crore Vs Rs 1,340 crore

• EBITDA fell 30% at Rs 32.23 crore Vs Rs 46.2 crore

• EBITDA margin 2% Vs 3%

• Net loss at Rs 28.84 crore Vs net profit of Rs 39.46 crore

Mahindra CIE Automotive Q2 FY23 (Consolidated, YoY)

• Revenue up 30% at Rs 2,723 crore Vs Rs 2,091 crore

• EBITDA up 18% at Rs 316.89 crore Vs Rs 268.49 crore

• EBITDA margin 12% Vs 13%

• Net profit up 3% at Rs 171.36 crore Vs Rs 166.32 crore

TV18 Broadcast Q2 FY23 (Consolidated, QoQ)

• Revenue up 14% at Rs 1,473 crore Vs Rs 1,295 crore

• EBITDA fell 54% at Rs 40.65 crore Vs Rs 87.75 crore

• EBITDA margin 3% Vs 7%

• Net profit fell 83% at Rs 10.28 crore Vs Rs 60.02 crore

• Bharat Electronics: The company signed an MoU with defence PSU Munitions India to jointly address the requirements of Indian defence and export markets in the areas of ammunition, explosives and related systems.

• Adani Enterprises: Adani Defence & Aerospace, a subsidiary of the company, signed a definitive agreement to acquire MRO company Air Works for Rs 400 crore.

• Reliance Industries/Bharti Airtel/Vodafone Idea: Reliance Jio replaced BSNL to become the largest fixed-line operator in the country, the first private player to do so, according to TRAI subscriber data for August. Reliance Jio and Bharti Airtel added new telecom subscribers, whereas Vodafone Idea lost subscribers during the month.

• Brightcom Group: The company Peshwa Acharya and Narayana Raju to consummate the final transaction closure with Daum Corporation to complete the outstanding Lycos deal after being apprised of the process followed and the final settlement terms.

• ITC: The company entered into an agreement to acquire additional 1,000 compulsorily convertible preference shares of Rs 10 each of Mother Sparsh, taking its shareholding to 22%.

• Polycab India: The board considered and approved the merger of subsidiary Silvan Innovation Labs with the company.

• Harsha Engineers International: The company issued a letter of intent to Clean Max Enviro Energy Solutions for setting up hybrid power project with a configuration of wind turbine generator of 2.7 MW along with 0.675 MW solar power plant at Pipaliya, Gujarat.

• Suven Life Sciences: The board approved the issue opening and closing dates—Oct. 31, 2022 and Nov. 10, 2022, respectively—for the upcoming rights issue of the company.

• Prestige Estate Projects: The company registered sales of Rs 3,511 crore in Q2, up 66% year-on-year. Collections increased 68% to Rs 2,602.9 crore.

• Prism Johnson: The cement division of the company has entered into supply agreements with three manufacturers to improve local availability in strategic markets.

Ultratech Cement, Nestle India, IndusInd Bank, IIFL Wealth Management, HDFC Asset Management, Home First Finance Company, Havells India, Hatsun Agro Product, Navin Fluorine International, Nippon Life Asset Management, Max Financial Services, Metro Brands, Syngene International, Shoppers’ Stop, Sagar Cements, Rallis India, Persistent Systems, Oracle Financial Services, Maharashtra Scooters, Kirloskar Pneumatic, INOX Leisure, e-Mudhra, DCM Shriram, DB Corp, CG Power & Industrial Solutions, AU Small Finance Bank

• Rama Steel Tubes: Kedia Fintrade bought 8 lakh shares (0.91%) at Rs 134 apiece.

• Indo Count Industries: Latwalla Investments sold 11 lakh shares (0.56%) at Rs 130.3 apiece

• JTL Infra: Kotak Mahindra Life Insurance Company bought 9.19 lakh shares (1.52%) at RS 260 apeice. Santosh Rani sold 4.03 lakh shares (0.66%) at Rs 260.72 apiece. Mithan Lal And Sons HUF sold 5.06 lakh shares (0.84%) at Rs 260.03 apiece. Prem Kumar & Sons HUF sold 5.25 lakh shares (0.87%) at Rs 260.12 apiece. Vijay Kumar Singla (HUF) sold 6.45 lakh shares (1.07%) at Rs 260.17 apiece.

• Samvardhana Motherson International: Sojitz Corporation sold 12.80 crore shares (2.83%) at Rs 64.53 apiece.

• Zee Entertainment Enterprises: Aditya Birla Sun Life Mutual Fund bought 46.85 lakh shares (0.48%), Avendus bought 10.93 lakh shares (0.11%), Baroda BNP Paribas Mutual Fund bought 4.06 lakh shares (0.04%), BNP Paribas Arbitrage bought 4.06 lakh shares (0.04%), BofA Securities Europe SA bought 12.18 lakh shares (0.13%), Citigroup Global Markets Mauritius bought 6.25 lakh shares (0.07%), Copthall Mauritius Investment bought 10.31 lakh shares (0.11%), Edelweiss Mutual Fund bought 10.93 lakh shares (0.11%), Emerging Markets Portfolio A Series Of The Pacific Select Fund sold 3.82 lakh shares (0.04%), Franklin Templeton Mutual Fund bought 6.25 lakh shares (0.07%), Goldman Sachs bought 28.11 lakh shares (0.29%), ICICI Prudential Mutual Fund bought 82.44 lakh shares (0.86%), Integrated Core Strategies (Asia) bought 39.04 lakh shares (0.4%), Invesco sold 40.09 lakh shares (0.42%), Key Square Master Fund LP bought 31.23 lakh shares (0.33%), Massmutual Premier Strategic Emerging Markets Fund sold 1.33 lakh shares (0.01%), MML Strategic Emerging Markets Fund sold 68,634 (0.007%), Morgan Stanley Asia Singapore bought 32.79 lakh shares (0.34%), My Asian bought 22.52 lakh shares (0.23%), My Japan bought 90,000 (0.009%), Nomura bought 66.52 lakh shares (0.69%), OFI Global China Fund sold 4.82 crore shares (5.02%), PF Emerging Markets Fund sold 1.04 lakh shares (0.01%), Societe Generale bought 31.23 lakh shares (0.33%), Tata AIA Life Insurance Company bought 39.04 lakh shares (0.41%), Tata Mutual Fund bought 43.72 lakh shares (0.46%) at Rs 263.7 apiece.

• Rajratan Global Wire: To meet investors and analysts on Oct. 21.

• Cigniti Technologies: To meet investors and analysts on Oct. 21.

• Coforge: To meet investors and analysts on Oct. 20.

• HFCL: To meet investors and analysts on Oct. 20.

• Havells India: To meet investors and analysts on Oct. 20.

• Cartrade Tech: To meet investors and analysts on Oct. 21.

• Dixon Technologies (India): To meet investors and analysts on Oct. 20.

• South Indian Bank: To meet investors and analysts on Oct. 21.

• Kirloskar Pneumatic Company: To meet investors and analysts on Oct. 20.

• Stylam Industries: To meet investors and analysts on Oct. 20.

• United Spirits: To meet investors and analysts on Oct. 25.

Accelya Solutions India

• Price Band Revised From 10% To 5%: The Ruby Mills

• Ex-Date Demerger: Aarti Industries

• Ex-Date Interim Dividend: HCL Technologies

• Record-Date Stock Split: HLE Glascoat

• Move Out Of Short-Term ASM Framework: Jaiprakash Associates

• Vinyl Chemicals (India): Promoter Rashmikant Himatlal Parekh sold 4,500 shares on Sept. 29.

• JTL Infra: Promoter Groups Mithan Lal and Sons sold 5.06 lakh shares, Prem Kumar & Sons sold 5.25 lakh shares, Santosh Ranion sold 4.02 lakh shares and Vijay Kumar Singla sold 6.45 lakh shares on Oct. 18, respectively.

• Nifty October futures ended at 17,507.9, a premium of 207.6 points.

• Nifty October futures shed 10.04% and 25,466 shares in Open Interest.

• Nifty Bank October futures ended at 40,355.8, a premium of 379.9 points.

• Nifty Bank October futures shed 10.6%, 7,795 shares in Open Interest.

• Securities in the ban list: Indiabulls Housing Finance, Delta Corp, India Cements

• Securities added to ban list: BHEL, Zee Entertainment

The rupee closed at 82.36 against the U.S. dollar on Tuesday, compared to 82.35 close on Monday.

• Bharat Electronics, Aster DM, TCI Express & More - Top Stock Picks For Diwali & Samvat 2079: HDFC Securities

• SBI, Prestige Estate Projects, ICICI Prudential Life & More - Top Stock Picks For Diwali 2022: Yes Securities

• IIFL Wealth - Getting The Strategy Right To Meet Customer Needs: Motilal Oswal

• Max Healthcare - Expanding, Optimising, Leveraging: Systematix

• Internet Sector - B2B E-commerce, Recession-Resilient Growth Drivers: ICICI Securities' Thematic View