Stock Market Today: All You Need To Know Going Into Trade On Oct. 21

Stocks in Asia dropped following after another down day for US equities, with Treasury yields at the highest level since the global financial crisis.

Hawkish remarks from Federal Reserve officials and swaps pricing in a 5% peak policy rate in 2023 should continue to support the greenback against its major peers and emerging-market currencies.

India benchmarks indices managed to close in green during the final hours of a volatile day, aided by energy, information technology and power stocks.

Meanwhile, rupee recovered from its record low of 83 against the U.S. dollar. At 6:43 a.m., the Singapore-traded SGX Nifty -- an early barometer of India's benchmark Nifty 50 -- gained 0.09% to 17,535.

ITC (Consolidated, YoY)

• Revenues up 25% at Rs 18,608 crore vs Rs 14,844.38 crore

• Net profit up 24% to Rs 4619.77 crore vs Rs 3713.76 crore

• EBITDA up 25% to Rs 6259.1 crore vs Rs 5017.6 crore

• Margins at 33.6% vs 33.8%

Axis Bank (Consolidated)

• Net profit at Rs 5,330 crore vs Rs 3,133 crore (YoY)

• NII at Rs 10,360 crore vs 7,900 crore (YoY)

• GNPA improves to 2.5% vs 2.76% (QoQ)

• NNPA at 0.51% vs 0.64% (QoQ)

Tata Consumer Products (Consolidated, YoY)

• Revenues up 11% at Rs 3363.05 crore vs Rs 3033.12 crore

• Net profit up 22% at Rs 327.96 crore vs Rs 268.04 crore

• EBITDA up 5% to Rs 433.84 crore vs Rs 413.31 crore

• Margins at 12.9 % vs 13.6 %

Bajaj Finance (Consolidated)

• Net profit at Rs 2,781 crore Vs Rs 1,481 crore (YoY)

• NII at Rs 7,001 crore Vs Rs 5,337 crore (YoY)

• GNPA at 1.17% vs 1.25% (QoQ)

• NNPA at 0.44% vs 0.51% (QoQ)

Coforge (Consolidated, QoQ)

• Revenues up 7% at Rs 1,959.4 crore vs Rs 1,829.4 crore

• Net profit up 34% at Rs 201.1 crore vs Rs 149.7 crore

• EBITDA up 17% at Rs 337.1 crore vs Rs 288.60 crore

• Margins at 17.20% vs 5.78%

• The company declared second interim dividend of Rs 13 per share of face value Rs 10

Zensar Technologies (Consolidated, QoQ)

• Revenues up 3% at Rs 1,234.6 crore vs Rs 1,203.4 crore

• Net profit down 24% at Rs 56.8 crore vs Rs 75.1 crore

• EBITDA down 23% at Rs 105.4 crore vs Rs 136.1 crore

• Margins at 8.5% vs 11.3%

UTI Asset Management Company (Consolidated, QoQ)

• Revenues up 15% at Rs 435.79 crore vs Rs 380.38 crore

• Net profit up 1% at Rs 200.5 crore vs Rs 198.74 crore

• EBITDA up 16% at Rs 270.79 crore vs Rs 234.12 crore

• Margins at 62.1% vs 61.5%

United Breweries (Consolidated YoY)

• Revenues up 11% at Rs 3,673.51 crore vs Rs 3,294.73 crore

• Net profit up 42% at Rs 134.05 crore vs Rs 80.38 crore

• EBITDA up 33% at Rs 219.42 crore vs Rs 165.39 crore

• Margins at 13% vs 11.6%

L&T Finance Holdings (Consolidated, QoQ)

• Revenues up 5% at Rs 3,086.19 crore vs Rs 2,946.59 crore

• Net profit up 55% at Rs 406.43 crore vs Rs 262.10 crore

• EBITDA up 19% at Rs 1,849.93 crore vs Rs 1,558.12 crore

• Margins at 59.9% vs 52.9%

ICICI Securities (Consolidated, QoQ)

• Revenues up 8.15% at Rs 858.2 crore vs Rs 793.5 crore

• Net profit up 14.2% at Rs 303.1 crore vs Rs 265.2 crore

• Non broking revenue at 62% of overall revenue, vs 55% in FY22

• Retail equity market share at 10.6%, up 60 bps YoY; commodity market share up 240 bps at 5.5% YoY

Nazara Technologies (Consolidated, QoQ)

• Revenues up 5% at Rs 263.8 crore vs Rs 223.1 crore

• Net profit down 11% at Rs 10.2 crore vs Rs 11.5 crore

• EBITDA down 54% at Rs 13.7 crore vs Rs 30.1 crore

• Margins at 5.2% vs 13.5%

Dhampur Sugar Mills (Consolidated YoY)

• Revenues up 41% at Rs 644.2 crore vs Rs 455.27 crore

• Net profit down 54% at Rs 11.41 crore vs Rs 24.99 crore

• EBITDA up 3% at Rs 30.95 crore vs Rs 53.49 crore

• Margins at 4.8% vs 11.7%

Mastek (Consolidated, QoQ)

• Revenues up 3% at Rs 62.53 crore vs Rs 57.02 crore

• Net profit up 3% at Rs 79.1 crore vs Rs 77.16 crore

• EBITDA up 36% at Rs 30.85 crore vs Rs 22.67 crore

• Margins at 49.3% vs 39.8%

Shriram Transport Finance (Consolidated QoQ)

• Revenues up 4% at Rs 5,347.57 crore vs Rs 5,144.81 crore

• Net profit up 11% at Rs 1,066.87 crore vs Rs 965.27 crore

• EBITDA up 7% at Rs 4,062.45 crore vs Rs 3,795.3 crore

• Margins at 76% vs 73.8%

Dixon Technologies (Consolidated QoQ)

• Revenues up 35% at Rs 3,866.77 crore vs Rs 2,855.07 crore

• Net profit up 69% at Rs 77.25 crore vs Rs 45.70 crore

• EBITDA up 45% at Rs 145.17 crore vs Rs 100.12 crore

• Margins at 3.8% vs 3.5%

Happiest Minds Technologies (Consolidated QoQ)

• Revenues up 8% at Rs 355.51 crore vs Rs 328.92 crore

• Net profit up 5% at Rs 59.41 crore vs Rs 56.34 crore

• EBITDA up 4% at Rs 90.52 crore vs Rs 86.71 crore

• Margins at 25.5% vs 26.4%

• Yes Bank: The CCI approved sale of 10% the bank’s stake each to Carlyle Group and Advent International, under the lender’s efforts to raise $1.1 billion from the two global investors.

• Dhanlaxmi Bank: Shareholders led by B Ravindran Pillai, representing 12.89% equity stake in the bank, call for an EGM on Nov. 12, seeking to suspend MD & CEO’s powers with respect to capital and revenue expenditure, apart from statutory payments till proper quorum on the board is reinstated.

• Suzlon Energy: The Rs 1,200-crore rights issue of the company was oversubscribed 1.8 times.

• Wipro: The company appointed Suzanne Dann as CEO for Americas 2 Strategic Market Unit, effective immediately. She will also join the Wipro executive board.

• Nazara Technologies: The company will appoint founder Nitish Mittersain as CEO, effective Dec.1, 2022. Sudhir Kamath has been appointed new COO, effective Oct. 20, 2022.

• PNB Housing Finance/ Can Fin Homes: Punjab Housing Finance’s MD & CEO Hardayal Prasad resigned citing personal reasons. Girish Kousgi, who was relieved from his duties as MD & CEO of Can Fin Homes, will succeed Prasad,

• KNR Constructions: The company has transferred its remaining 51% equity stake in each of the subsidiaries KNR Tirumala Infra and KNR Shankarampet Projects to Cube Highways and Infrastructure III for a consideration of Rs 114.22 crore.

• ICICI Bank: The bank’s New York branch entered into a consent order with its federal banking supervisor, the Office of the Comptroller of the Currency, which requires the branch to enhance certain processes in its Bank Secrecy Act/Anti-Money Laundering program and establish and maintain an effective Sanctions Compliance program.

• TVS Motor Company: The company will discuss issue of zero coupon debentures at its board meeting on Nov. 4, 2022.

• Tata Motors: The company confirmed that it has won an order for 20 electric buses from the Government of Jammu and Kashmir, in response to a notice seeking clarification on the same.

• HIL: The company acquired the entire business undertaking of Fast Build Blocks through a slump sale arrangement on a going concern basis for 37 crore.

• Asian Paints: The Company has entered into a binding term sheet with Riddhi Siddhi Crusher & Land Transport, Raj Kumar Bohra, Nita Bohra and Associated Soap Stone Distributing Company to set up of a joint venture in Fujairah, United Arab Emirates for carrying out the business of manufacturing and exporting white cement and white cement clinker. The company will also invest Rs 2,100 crore over three years to set up a manufacturing facility for Vinyl Acetate Ethylene Emulsion and Vinyl Acetate Monomer.

• Lakshmi Machine Works: The board approved the proposal to invest Rs 50 crore in the unsecured compulsorily convertible debentures issued by LMW Aerospace Industries, a wholly owned subsidiary of the company.

Reliance Industries, Hindustan Unilever, Bajaj Finserv, HDFC Life Insurance, JSW Steel, IDBI Bank, Hindustan Zinc, Bajaj Holdings, DLF, Ambuja Cements, VIP Industries, Indraprastha Gas, Vakrangee, United Spirits, Torrent Pharmaceuticals, Tejas Networks, Tata Steel Long Products, Shriram City Union Finance, Sharda Cropchem, SBI Life Insurance Company, Route Mobile, Ramkrishna Forgings, Poonawalla Fincorp, NACL Industries, Motilal Oswal Financial Services, Meghmani Organics, Laurus Labs, Kalyani Steel, Jubilant Pharmova, IRB Infrastructure Developers, Glenmark Lifesciences, Finolex Industries, CRISIL, CSB Bank, Credit Access Grameen, Chalet Hotels, Birlasoft, Atul, Amber Enterprises

• Aurionpro Solutions: To meet investors and analysts on Nov. 1.

• Tarsons Products: To meet investors and analysts on Nov. 7.

• GHCL: To meet investors and analysts on Oct. 31.

• Tejas Networks: To meet investors and analysts on Oct. 21.

• Vakrangee: To meet investors and analysts on Oct. 21.

• Amber Enterprises India: To meet investors and analysts on Oct. 22.

• Control Print: To meet investors and analysts on Oct. 21.

• C.E. Info Systems: To meet investors and analysts on Oct. 28.

• Finolex Industries: To meet investors and analysts on Oct. 25.

• United Breweries: To meet investors and analysts on Oct. 21.

Price Band Revised From 5% To 20%: Tips Films

Ex-Date Buy Back: Tanla Platforms

Record-Date Interim Dividend: Angel One, Anand Rathi Wealth

• Emami: Promoter Group Sneha Enclave create a pledge of 6.45 lakh shares between Oct. 17 and Oct. 18 and revoked a pledge of 2.5 lakh shares on Oct. 19, Suraj Finvest created a pledge of 85,000 shares on Oct. 17.

• Nifty October futures ended at 17,544.9, a premium of 50.2 points.

• Nifty October futures gained 3.2% and 7,025 shares in Open Interest.

• Nifty Bank October futures ended at 40,220.5, a discount of 181.2 points.

• Nifty Bank October futures shed 4.2%, 2,729 shares in Open Interest.

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

• Securities added to ban list: Nil

The rupee closed at 82.76 against the U.S. dollar on Thursday, compared to 82.98 close on Wednesday.

• Bharat Electronics - Non-Defence Diversification Gathering Pace: Prabhudas Lilladher

• Coal India - E-Auction Prices For FY23 May Average Rs 5,000/t; Capex to Rise Further: ICICI Securities