Stocks To Watch: HDFC, HDFC Bank, LIC, Ambuja Cements, JSPL, Indiabulls Real Estate

Asian equities are set for a cautious open on Tuesday amid rising concerns over economic slowdown, dollar strengthening and slide in commodity costs.

Japanese, Australian and Hong Kong equities are set for a muted start after technology firms such as Tesla Inc. and Apple Inc. powered a positive close to S&P 500 index on Monday.

At 5:55 am, the Singapore-traded SGX Nifty -- an early barometer of India's benchmark Nifty 50 -- traded 0.34% higher at 17,846 points.

Oil fell below $89 a barrel on demand concerns and the possible return of Iranian supplies.

Stocks To Watch

• Ambuja Cements: The Competition Commission of India approved Gautam Adani’s the acquisition of Holcim Group’s stake in Ambuja Cements and ACC.

• Jindal Steel & Power: The company appointed Bimlendra Jha as Managing Director with effect from Aug. 14. Jha will replace Vidya Rattan Sharma after the completion of his term on Aug. 13.

• HDFC/HDFC Bank: The merger between the two companies received the approval of CCI.

• Indiabulls Real Estate: The company’s joint Managing Director Gurbans Singh and Chief Financial Officer resigned with effect from Aug. 12

Earnings Post Market Hours

Hero Motocorp Q1 FY23 (Standalone, QoQ)

• Revenue up 13% to Rs 8,392.5 crore Vs Rs 7,422 crore (Bloomberg estimates: Rs 8,709 crore)

• EBITDA up 14% at Rs 941 crore Vs Rs 828 crore (Bloomberg estimates: Rs 1,087 crore)

• EBITDA margin unchanged at 11.2% (Bloomberg estimates: 12.5%)

• Net profit flat at Rs 624.5 crore compared with Rs 627 crore (Bloomberg estimates: Rs 766 crore)

Life Insurance Corporation of India Q1 FY23 (Consolidated, QoQ)

• Revenue down 20% at Rs 1,69,601 crore Vs 2,12,230 crore

• Net profit down 75% to Rs 603 crore Vs Rs 2,409 crore

• Solvency at 1.88 Vs 1.85

• VNB at Rs 1,861 crore

• VNB margin at 13.6%

Oil and Natural Gas Corporation (Consolidated, QoQ)

• Revenue up 17% at Rs 182,894 crore Vs Rs 155,920 crore (Bloomberg estimate: Rs 45,530.7)

• EBITDA fell 23% at Rs 18,855.01 crore Vs Rs 24411.23 crore (Bloomberg estimate: Rs 28,379.8 crore)

• EBITDA margin 10% Vs 16%

• Net profit up 13% at Rs 11,936.64 crore Vs Rs 10,550.29 crore

Aegis Logistics Q1 FY23 (Consolidated, QoQ)

• Revenue up 6% at Rs 2,235 crore Vs Rs 2,104 crore

• EBITDA fell 41% at Rs 84.52 crore Vs Rs 143.08 crore

• EBITDA margin 4% Vs 7%

• Net profit up 9% at Rs 103.37 crore Vs Rs 94.75 crore

Apollo Tyres Q1 FY23 (Consolidated, YoY)

• Revenue up 30% at Rs 5,942 crore Vs Rs 4,584 crore

• EBITDA up 22% at Rs 689.80 crore Vs Rs 566.7 crore

• EBITDA margin 11.6% Vs 12.3%

• Net profit up 49% at Rs 190.68 crore Vs Rs 127.78 crore

Astral Q1 FY23 (Consolidated, YoY)

• Revenue up 73% at Rs 1,213 crore Vs Rs 701 crore

• EBITDA up 33% at Rs 171.70 crore Vs Rs 129.4 crore

• EBITDA margin 14% Vs 18%

• Net profit up 20% at Rs 88.9 crore Vs Rs 73.9 crore

Eureka Forbes (Consolidated, QoQ)

• Revenue up 41% at Rs 526 crore Vs Rs 374 crore

• EBITDA up 2x at Rs 46.05 crore Vs Rs 20.07 crore

• EBITDA margin 9% Vs 5%

• Net profit up 4x at Rs 19.8 crore Vs Rs 4.62 crore

Restaurant Brands Asia Q1 FY23 (Consolidated, QoQ)

• Revenue up 22% at Rs 489 crore Vs Rs 400 crore

• EBITDA up 44% at Rs 29.22 crore Vs Rs 20.23 crore

• EBITDA margin 6% VS 5%

• Net loss narrowed to Rs 50.88 crore Vs Rs 81.53 crore

Zee Entertainment Enterprises Q1 FY23 (Consolidated, QoQ)

• Revenue fell 21% at Rs 1,846 crore Vs Rs 2,323 crore

• EBITDA fell 53% at Rs 235.76 crore Vs Rs 506.8 crore

• EBITDA margin 13% Vs 22%

• Net profit fell 41% at Rs 106.6 crore Vs Rs 181.93 crore

Pledge Share Details

• Max Financial Services: Promoter Max Ventures Investment Holdings created a pledge of 2.73 lakh shares on August 10.

• Emami: Promoter Group Sneha Enclave revoked a pledge of 3.12 lakh shares on August 8.

• Sterling and Wilson Renewable Energy: Promoter Shapoorji Pallonji and Company created a pledge of 68.78 lakh shares on August 11.

• Insider Trades
  
  LG Balakrishnan & Bros: Promoter Nithin Karivardhan sold 10,000 shares on August 11.

• Westlife Development: Promoter Groups Achal Jatia sold 6.99 lakh shares, Shri Ambika Trading Company and Saubhagya Impex sold 40,000 shares each on August 10.

• Ultramarine & Pigments: Promoter Thirumalai Chemicals bought 54,020 shares on August 12.

• V I P Industries: Promoter Kiddy Plast bought 3 lakh shares on August 11.

• Usha Martin: Promoter Amisha Jhawar bought 10,000 shares on August 10.

• Astec LifeSciences: Promoter Godrej Agrovet bought 50,060 shares on August 10.

• Man Infraconstruction: Promoter & Director Parag K Shah bought 1 lakh shares between August 10 and August 11.

• Crompton Greaves Consumer Electricals: Promoter Group MacRitchie Investments sold 2.14 crore shares on August 5.

• AU Small Finance Bank: Promoter Group MYS Holdings sold 25 lakh shares and Promoter Shakuntala Agarwal sold 50 lakh shares on August 12.

• Godrej Agrovet: Promoter Godrej Industries bought 57,000 shares on August 8.

Bulk Deals

• Shriram City Union Finance Limited: Dynasty Acquisition (FPI) sold 12.85 lakh (1.92%) shares and 9.51 lakh (1.42%) shares at Rs 2,000 apiece.

• AU Small Finance Bank: Shakunta Agarwal sold 50 lakh (0.75%) shares at Rs 628.73 apiece.

• Sanghi Industries: Flarezeal Solutions LLP bought 40 lakh (1.59%) shares and Kachchh Hospitality sold 40.03 lakh (1.59%) shares at Rs 42.40 apiece.

Who's Meeting Whom

• Fiem Industries: To meet investors and analysts on August 16.

• Texmaco Rail and Engineering: To meet investors and analysts on August 16.

• Ahluwalia Contracts India: To meet investors and analysts on August 16.

• Shriram Properties: To meet investors and analysts on August 16.

• Rupa & Company: To meet investors and analysts on August 16.

• Neogen Chemicals: To meet investors and analysts on August 16.

• Aegis Logistics: To meet investors and analysts on August 16.

• The Ramco Cements: To meet investors and analysts on August 16 and August 17.

AGMs today

• HCL Technologies

Trading Tweaks

• Price Band Revised From 20% To 10%: Sree Rayalaseema Hi Strength Hypo

• Record Date Interim Dividend: Eris Lifesciences

• Record-Date Income Distribution RITES: Mindspace Business Parks REIT

• Record-Date Final Dividend: Triveni Turbine

• Move Into Short-Term ASM Framework: Jagran Prakashan, Wonderla Holidays

• Move Out Of Short-Term ASM Framework: Kansai Nerolac Paints, Brightcom Group