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Stock Market Today: All You Need To Know Going Into Trade On Oct. 25

RIL, HUL, Kotak Mahindra Bank, Yes Bank, ICICI Bank, JSW Steel and Torrent Pharma are among the stocks to watch today.

<div class="paragraphs"><p>(Photo: Freepik)</p></div>
(Photo: Freepik)

Asian share markets beyond China advanced on Tuesday following a rally in Wall Street aided by strong corporate earnings.

Australian and Japanese stocks rose, distincting themselves from Chinese equity futures. US equity futures were little changed. US-listed Chinese stocks slumped by a record 14% overnight, adding to declines Tuesday for Hong Kong stocks, which had their worst day since the financial crisis

India's stock benchmarks logged best Muhurat trading session since 2008 on Monday, aided by broad based gains across sectors sed by industrials, financial services, information technology, banking, capital goods stocks.

As of 7:30 am, the Singapore-traded SGX Nifty -- an early barometer of India's benchmark Nifty 50 -- was 0.12% lower at 17,822 points.

UK bonds rallied in a sign of support for incoming UK Prime Minister Rishi Sunak following weeks of tumult.

Stock Market Today: All You Need To Know Going Into Trade On Oct. 25

Global Cues

  • U.S. Dollar Index at 111.79

  • U.S. 10-year bond yield at 4.21% on Friday

  • Brent crude up 0.23% to $93.47 per barrel

  • Nymex crude at $84.82 per barrel

  • SGX Nifty down 0.06% to 17,832.5 as of 6:37 a.m.

  • Bitcoin down 0.49% to $19,287.1

Earnings Post Market Hours

Reliance Industries Q2 FY23 (Consolidated, QoQ)

  • Revenue up 4.3% at Rs 2,32,863 crore

  • EBITDA fell 25% at Rs 28,416 crore

  • EBITDA margin at 12.4% vs 15.6%

  • Net profit down 20% at Rs 15,512 crore

Hindustan Unilever Q2 FY23 (Consolidated, YoY)

  • Revenue up 16% at Rs 15,144 crore

  • EBITDA up 8% at Rs 3,479 crore

  • EBITDA margins at 23% vs 24.7 %

  • Net profit up 22% at Rs 2,665 crore

Kotak Mahindra Bank Q2 FY23

  • Net Profit at Rs 2580.68 crore vs Rs 2,032 crore (YoY)

  • NII at 5,099 crore vs 4,021 crore (YoY)

  • Gross NPAs: 2.08% vs 2.24% (QoQ)

  • Net NPAs: 0.55% vs 0.62% (QoQ)

Yes Bank Q2 FY23

  • Net Profit at Rs 152.82 crore vs Rs 225.5 crore (YoY)

  • NII: Rs 1,991 crore vs Rs 1,512 crore (YoY)

  • Gross NPAs: 12.89% vs 13.45% (QoQ)

  • Net NPAs: 3.6% vs 4.7% (QoQ)

ICICI Bank Q2 FY23

  • Net profit at Rs 7,557.8 crore vs Rs 5,511 crore (YoY)

  • NII at Rs 14,787 crore vs 11,690 crore (YoY)

  • Gross NPAs: 3.19% vs 3.41% (QoQ)

  • Net NPAs: 0.61% vs 0.7% (QoQ)

JSW Steel Q2 FY23 (Consolidated, YoY)

  • Revenue up 10% at Rs 41,778 crore

  • EBITDA down 59% at Rs 1,752 crore

  • EBITDA margin at 4.2% vs 32%

  • Net loss of Rs 848 crore against net profit of Rs 9,791 crore

Torrent Pharma Q2 FY23 (Consolidated, YoY)

  • Revenue up 7% at Rs 2,291 crore

  • EBITDA up 5% at Rs 679 crore

  • EBITDA margins at 29.6% Vs 30.3%

  • Net profit down 1% at Rs 312 crore

SBI Life Insurance Q2 FY23 (Consolidated, YoY)

  • Revenue up 8% at Rs 27,525 crore

  • Net profit up 52% at Rs 377 crore

  • Solvency ratio 2.19 Vs 2.12

DLF Q2 FY23 (Consolidated, YoY)

  • Revenue down 12% at Rs 1,302 crore

  • EBITDA down 5% at Rs 436.67 crore

  • EBITDA margin at 33.5% vs 31%

  • Net profit up 26% at Rs 477.04 crore

United Spirits Q2 FY23 (Consolidated, YoY)

  • Revenue up 1% at Rs 8,283 crore

  • EBITDA down 7% at Rs 437.3 crore

  • EBITDA margin at 5.3% vs 5.7%

  • Net profit up 90% at Rs 553.1 crore

Bajaj Holdings Q2 FY23 (Consolidated, YoY)

  • Revenue up 28% at Rs 188 crore

  • EBITDA up 24% at Rs 151.08 crore

  • EBITDA margin at 81% vs 83%

  • Net profit up 10% at Rs 1242.79 crore

VIP Industries Q2 FY23 (Consolidated, YoY)

  • Revenue up 56% at Rs 515 crore

  • EBITDA up 71% at Rs 71.58 crore

  • EBITDA margin 14% vs 13%

  • Net profit up 2X at Rs 43.4 crore

  • Declared interim dividend of Rs 2.5 per share

Chalet Hotels (Consolidated QoQ)

  • Revenues down 2% at Rs 247.84 crore

  • Net profit at Rs 15.73 crore vs loss of Rs 13.66 crore

  • EBITDA down 19% at Rs 87.71 crore

  • Margins at 35.39% vs 43%

Tejas Networks (Consolidated QoQ)

  • Revenue up 75% at Rs 219.94 crore

  • Profit after tax at Rs 1.07 crore

  • EBITDA at Rs 21.54 crore vs loss of Rs 7.32 crore

  • Margins at 9.8%

Credit Access Grameen (Consolidated)

  • Net interest income up 39.9% at Rs 516.2 (YoY)

  • Net profit up 171% at RS 172.03 crore (YoY)

  • Gross NPAs at 2.17% vs 7.67% (QoQ)

  • Net NPAs at 0.77%

Stocks To Watch

  • Reliance Industries: The company will demerge its financial services arm and list on the stock exchanges as Jio Financial Services. The company will also demerge its subsidiary Reliance Projects and Property Management Services.

  • Vodafone Idea: The company will issue Indian rupee denominated optionally convertible, unlisted, unsecured and unrated debentures worth Rs 1,600 crore to ATC Telecom Infrastructure on preferential basis.

  • State Bank of India: The bank hiked interest rates on most of its term deposits under Rs 2 crore in the range of 25-80 basis points with effect from Oct. 22.

  • Biocon: Biocon Biologics integrated insulins manufacturing facility in Malaysia accorded Certificate of GMP Compliance by the European Medicines Agency following a site inspection in July 2022.

  • DLF: The company’s board approved raising funds to the tune of Rs 1,500 crore through NCDs and/or debt securities.

  • Hindustan Aeronautics: The company received Air System Design Organisation approval certificate, making it the first defence PSU to receive CEMILAC's Design Organisation approval as per the new Design Organisation Approval Scheme.

  • Borosil Renewables: The company will acquire solar glass maker GMB and glass company Interfloat Group for a total consideration of 7.5 million euros (Rs 61.07 crore).

  • Kirloskar Industries: The board has approved to convening an EGM of the shareholders of Kirloskar Brothers.

  • Welspun Corp: Associate company East Pipes Integrated Company for Industry in the Kingdom of Saudi Arabia has announced that its shareholders have approved the board's recommendation to grant bonus shares in the ratio of 1:2 through the capitalisation of SAR 105 million (Rs 230.79 crore) from retained earnings.

  • Tech Mahindra: The company will acquire 26% equity shares in Upendra Singh Multi Transmission for a consideration of Rs 48 lakh.

  • Reliance Power: The company made preferential allotment of 20.58 crore warrants of Rs. 15.55 apiece on a private placement basis to VFSI Holdings under public category.

  • V-Guard Industries: The company made further investment of Rs 31.39 crore in wholly owned subsidiary V-Guard Consumer Products and allotted 3.14 crore equity shares of Rs each.

  • Tata Consumer Products: The company made a preferential issue of 74.6 lakh shares of Re 1 each to Tata Enterprises (Overseas) at an issue price of Rs 765.16 apiece.

  • Adani Ports And Special Economic Zone: The company incorporated a wholly owned subsidiary Tajpur Sagar Port for the purpose of development of deep-sea port on design, build, finance, operate and transfer basis at Tajpur, West Bengal.

  • Garware Technical Fibres: The board approved buyback of up to 2.4 lakh shares with a face value of Rs 10 from all shareholders through the tender offer route at Rs 3,750 apiece, for an aggregate amount not exceeding Rs 90 crore.

  • REC: The company clarified before the exchanges that its board in January 2021, had approved loan assistance of Rs 4,260 crore to SJVN Thermal in respect of Buxar Thermal Power Plant, in the normal course of business, and this facility had insignificant impact on its loan book.

  • Garden Reach Shipbuilders & Engineers: The company signed 13 MoUs during the recent Defence Expo 2022, ranging from covering exports targets to other business avenues.

Earnings Today

Mahindra & Mahindra, Ceat, Vardhman Special Steels, Orient Cement, Bigbloc Construction, CCL Products India, ZF Commercial Vehicle Control

Who’s Meeting Whom 

  • Sterlite Technologies: To meet investors and analysts on Nov. 4. 

  • Gati: To meet investors and analysts on Nov. 3. 

  • Everyday Industries India: To meet investors and analysts on Nov. 2. 

  • Marico: To meet investors and analysts on Nov. 4. 

  • IIFL Finance: To meet investors and analysts on Oct. 27. 

  • Crompton Greaves: To meet investors and analysts on Oct. 27. 

  • Vimta Labs: To meet investors and analysts on Oct. 28. 

  • Datamatics Global: To meet investors and analysts on Oct. 31. 

  • Macrotech Developers: To meet investors and analysts on Nov. 2. 

  • Godrej Consumer: To meet investors and analysts on Nov. 8. 

  • Lakshmi Machine Works: To meet investors and analysts on Oct. 26. 

  • Sona BLW Precision: To meet investors and analysts on Oct. 28.

Trading Tweaks

  • Price Band Revised From 20% To 10%: Gokul Agro Resources 

  • Ex-Date Interim Dividend: Cyient 

  • Move Into Short-Term ASM Framework: Tips Films 

  • Move Out Of Short-Term ASM Framework: Dhani Services 

Pledge Share Details

  • Max Financial Services: Promoter Max Ventures Investment Holdings created a pledge of 25.26 lakh shares between Oct. 11 and Oct. 21, revoked a pledge of 25.02 lakh shares between Oct. 18 and Oct. 21. 

  • NRB Bearings: Promoter Devesh Singh Sahney revoked a pledge of 3 lakh shares on Oct. 18. 

Money Market Update

The rupee closed at 82.69 against the U.S. dollar on Friday, compared to 82.76 close on Thursday.

F&O Cues 

  • Nifty October futures ended at 17,736, a premium of 5.25 points.

  • Nifty October futures lost 4.01% and 8,468 shares in Open Interest.

  • Nifty Bank October futures ended at 41,321, a premium of 16.1 points.

  • Nifty Bank October futures shed 7.8%, 4,387 shares in Open Interest.

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

Stock Market Today: All You Need To Know Going Into Trade On Oct. 25