Stocks To Watch: Adani Enterprises, Apollo Hospitals, Nykaa, Shree Renuka Sugars, SAIL, SpiceJet

Asian markets are set to advance, following a rally on Wall Street as traders position for the U.S. inflation data later in the day that might not be as bad as once feared.

The S&P 500 added 1.1% and the tech-heavy Nasdaq 100 climbed 1.6% after a survey showed Americans drastically reduced their expectations for household income growth amid tighter monetary policy.

In India, retail inflation rose to the highest since November, led by a pick-up in food prices, on Monday after market hours. The Consumer Price Index inflation was at 6.52% in January 2023, compared to 5.72% in December 2022, according to data released by the Ministry of Statistics and Programme Implementation. A Bloomberg poll of 35 economists had estimated a reading of 6%.

At 6:04 a.m., the Singapore-traded SGX Nifty, an early indicator of India's benchmark Nifty 50, was up 0.39% at 17,859.

Meanwhile, the yield on 10-year Treasuries declined to 3.71%. Crude prices were trading at $86-mark, while Bitcoin was below $22,000-level.

Indian equity benchmarks declined in the first session of the week, as investors awaited inflation data and Asia trade was weak.

Rupee dipped 22 paise against the U.S. dollar amid a downtrend in domestic equities.

• Shree Renuka Sugars: The Company commenced commissioning activities of its expanded ethanol production capacity at Athani (from 300 KLPD to 450 KLPD) and at Munoli (from 120 KLPD to 500 KLPD).

• Maruti Suzuki India/ South Indian Bank: The automobile major has signed an MoU with the bank to offer dealer finance options and customised auto retail financing solutions for customers.

• HeidelbergCement India: The board approved the appointment of Joydeep Mukherjee as managing director of the company for a term of three years, effective April 1, 2023.

• FSN E-Commerce Ventures Q3 FY23 (Consolidated, QoQ)

Revenue up 19% at Rs 1,462.82 crore

Ebitda up 28% at Rs 78.17 crore

Ebitda margin at 5.3% vs 5%

Net Profit up 99% at Rs 8.19 crore

• Vijaya Diagnostics Q3 FY23 (Consolidated, YoY)

Revenue up 2% at Rs 113 crore (Bloomberg estimate: Rs 116 crore)

Ebitda down 7% at Rs 44 crore (Bloomberg estimate: Rs 45 crore)

Ebitda margin at 39.1% vs 43.2% (Bloomberg estimate: 39%)

Net profit down 35% at Rs 16 crore (Bloomberg estimate: Rs 20 crore)

• Global Health Q3 FY23 (Consolidated, YoY)

Revenue up 19% at Rs 694 crore

Ebitda up 19% at Rs 163 crore

Ebitda margin at 23.4% vs 23.6%

Net profit up 15% at Rs 81 crore

• Sun Pharma Advanced Research Co. Q3 FY23 (YoY)

Revenue up 1.1 times at Rs 131 crore Vs Rs 62 crore

Net profit at Rs 10 crore Vs net loss of Rs 16 crore

EBITDA at Rs 16 crore Vs Rs operating loss of Rs 11 crore

Margins at 12.3%

• Steel Authority of India Q3 FY23 (Consolidated, YoY)

Revenues down 1% at Rs 25,042.10 crore vs Rs 25,246.99 crore

EBITDA down 38.9% at Rs 2,078.51 crore vs Rs 3,401.91 crore

EBITDA margin at 8.3% vs 13.5%

Net profit down 64.5% at Rs 542.18 crore vs Rs 1,528.54 crore

• IRB Infrastructure Developers Q3 FY23 (Consolidated, YoY)

Revenue up 18% at Rs 1,514.14 crore

Ebitda up 0.8% at Rs 744.58 crore

Ebitda margin at 49.2% vs 57.7%

Net profit up 94.5% at Rs 141.36 crore

Adani Enterprises, Apollo Hospitals Enterprise, Arvind Fashions, Aster DM Healthcare, Bata India, Bharat Forge, Biocon, Bosch, CESC, DB Realty, Eicher Motors, EID-Parry (India), Eureka Forbes, Gujarat Mineral Development Corporation, GMR Airports Infrastructure, Grasim Industries, Harsha Engineers International, HEG, Indiabulls Housing Finance, Ipca Laboratories, Jindal Poly Films, Jupiter Wagons, La Opala RG, Maithan Alloys, NBCC (India), National Highways Infra Trust, Nilkamal, NMDC, Oil And Natural Gas Corporation, PI Industries, Prestige Estates Projects, Radico Khaitan, Rajesh Exports, Raj Rayon Industries, Shyam Metalics And Energy, Siemens, SpiceJet, Swan Energy, TCNS Clothing Co., Techno Electric & Engineering Company, Torrent Power, Uflex.

• Coforge: Nomura India Investment Fund Mother Fund bought 6.10 lakh shares (0.99%), Kuwait Investment Authority bought 3.90 lakh shares (0.64%), Aditya Birla Sun Life Mutual Fund bought 3.46 lakh shares (0.56%), Hulst BV sold 60 lakh shares (9.82%) at Rs 4,050 apiece.

• Dishman Carbogen Amcis: Anvil Wealth Management bought 11.96 lakh shares (0.76%) at Rs 99.44 apiece.

• Savita Oil Technologies: Promoter and director Siddharth G Mehra bought 75,000 shares on Feb. 9.

• Welspun Corp.: Promoter group Welspun Investments and Commercials bought 2.35 lakh shares on Feb. 10.

• RPG Life Sciences: Promoter group Nucleus Trust bought 19,360 shares on Feb. 9.

• Meghmani Organics: Promoter Ramesh Meghjibhai Patel bought 38,000 shares, promoter group Kalpanaben Rameshbhai Patel bought 40,000 shares on Feb. 13.

• Gateway Distriparks: Promoter Perfect Communications bought 1.30 lakh shares on Feb. 10.

• Arti Pharmalabs: Promoter group Manomaya Business Trust Alabhaya Trusteeship bought 4.39 lakh shares, promoter group Labdhi Business Trust Saswat Trusteeship bought 3.72 lakh shares between Feb. 9-10.

• Gati: Promoter group TCI Finance invoked a pledge of 2.15 lakh shares on Feb. 9.

• Ducon Infratechnologies: Promoter and director Arun Govil invoked a pledge of 1.76 crore shares on Jan. 16.

• Ex-Date Interim Dividend: Gateway Distriparks, Hikal, KPR Mill, Mahanagar Gas, Wheels India, Sundaram Finance Holdings

• Record Date Interim Dividend: Gateway Distriparks, Hikal, KPR Mill, Mahanagar Gas, Wheels India, Sundaram Finance Holdings

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

• Five-Star Business Finance: To meet investors and analysts on Feb. 14.

• Radiant Cash Management Services: To meet investors and analysts on Feb. 14 and 15.

• UltraTech Cement: To meet investors and analysts on Feb. 14.

• AGM

• Hindustan Construction Co., Siemens

• Nifty February futures ended at 17,799, a discount of 78.05 points.

• Nifty February futures rose 4.08% and 8,382 shares in Open Interest.

• Nifty Bank February futures ended at 41,345.95, a discount of 289.80 points.

• Nifty Bank February futures rose 8.82% and 7,969 shares in Open Interest.

• Securities added to the ban period: Ambuja Cements, Indiabulls Housing Finance, Bharat Heavy Electricals, Punjab National Bank

• Securities removed from the ban period: Nil

Disclaimer: Adani Enterprises is in the process of acquiring a 49% stake in Quintillion Business Media Ltd., the owner of BQ Prime.