Stocks To Watch Today: Bharti Airtel, Eicher Motors, Indian Hotels, Torrent Power, Spandana Sphoorty

India's equity markets will take cues from global stocks as they open on Wednesday after the Muharram holiday.

US stocks retreated ahead of Wednesday’s inflation report to gauge the path of Federal Reserve tightening. The S&P 500 dropped for a fourth consecutive session, while the Nasdaq 100 underperformed. Treasury yields climbed, while the dollar fell.

As of 6:15 am, the Singapore-traded SGX Nifty--an early barometer of India's benchmark Nifty 50--was 0.14% lower at 17,516.5 points.

Equities fell in Japan, South Korea and Australia, while US contracts wavered following a drop in the S&P 500 for a fourth session. Micron Technology Inc. became the latest chipmaker to warn about slowing demand, fanning economic concerns and spurring a slide in the technology-heavy Nasdaq 100.

Oil reversed an earlier decline as Russian shipments via the southern leg of a major pipeline to Europe were suspended. Brent futures rose as much as 1.6% to trade near $98 a barrel, after earlier dropping 1.8%.

Focus will remain on domestic earnings. Investors will also react to the first-quarter results of Bharti Airtel Ltd., Power Grid Corp. Ltd. and Indian Hotels Ltd., among others, as the numbers were announced post market hours on Monday.

Stocks To Watch

• Strides Pharma: The company plans to launch 20 products every year in the US market to earn $250 million in FY23.

• AU Small Finance Bank: The bank has approved issue price for QIP at Rs 580 per share (including a premium of Rs 570 per share)--a discount of 1.83% to the floor price.

• Spandana Sphoorty: The Reserve Bank of India imposed a penalty of Rs 2.33 crore for failure to adhere to pricing of credit guidelines for NBFCs.

Earnings Post Market Hours

Bharti Airtel Q1 FY23 (Consolidated, QoQ)

• Revenue up 4% at Rs 32,804.6 crore

• EBITDA up 3% at Rs 16,529.40 crore

• EBITDA margin at 50.4% vs 50.9%

• Net profit down 33.5% at Rs 2,468.8 crore

• ARPU up 2.8% sequentially at Rs 183

NALCO Q1 FY23 (Consolidated, YoY)

• Revenue up 53% at Rs 3,783 crore

• EBITDA up 50% at Rs 868.67 crore

• EBITDA margin at 22.9% vs 23.5%

• Net profit up 61% at Rs 557.91 crore

• Final dividend of Rs 1.5 per share

Power Grid Q1 FY23 (Consolidated, YoY)

• Revenue up 7% at Rs 10,905 crore

• EBITDA up 3% at Rs 9,249.23 crore

• EBITDA margin at 85% vs 88%

• Net profit down 37% at Rs 3,801.19 crore

Whirlpool Of India Q1 FY23 (Consolidated, QoQ)

• Revenue up 22% at Rs 2,081 crore

• EBITDA down 11% at Rs 131.77 crore

• EBITDA margin at 6% vs 9%

• Net profit down 0.12% at Rs 84.58 crore

Torrent Power Q1 FY23 (Consolidated, QoQ)

• Revenue up 74% at Rs 6,510 crore

• EBITDA up 7% at Rs 1,060.42 crore

• EBITDA margin at 16% vs 26%

• Net profit at Rs 502.01 crore vs net loss of 487.37 crore

Indian Hotels Q1 FY23 (Consolidated, QoQ)

• Revenue up 45% at Rs 1,266 crore

• EBITDA up 2x at Rs 377.88 crore

• EBITDA margin at 30% vs 18%

• Net profit up 2.5x at Rs 180.84 crore

Vedant Fashions Q1 FY23 (Consolidated, QoQ)

• Revenue up 10% at Rs 325 crore

• EBITDA up 13% at Rs 163.04 crore

• EBITDA margin at 50% vs 49%

• Net profit up 14% at Rs 100.87 crore

GNFC Q1 FY23 (Consolidated, YoY)

• Revenue up 88% at Rs 2,696 crore

• EBITDA up 75% at Rs 762.06 crore

• EBITDA margin at 28% vs 30%

• Net profit up 2x at Rs 571.43 crore

Insider Trades

• Godrej Agrovet: Promoter Godrej Industries bought 85,616 shares on August 3.

Bulk Deals

• Aditya Vision: Ajay Kumar HUF sold 1,52 lakh (1.26%) shares at Rs 1,177 apiece.

• Cressanda Solutions: Sarvagay Textile LLP bought 20.17 (0.50%) lakh shares at Rs 35.22 apiece.

Who’s Meeting Whom

• Sequent Scientific: To meet investors and analysts on August 9.

• Ion Exchange (India): To meet investors and analysts on August 10.

• Ircon International: To meet investors and analysts on August 10.

• Lux Industries: To meet investors and analysts on August 10.

• Greenply Industries: To meet investors and analysts on August 10.

• Bosch: To meet investors and analysts on August 10.

• Alembic Pharma: To meet investors and analysts on August 10.

• Jubilant Ingrevia: To meet investors and analysts on August 10.

• Angel One: To meet investors and analysts on August 10.

• PB Fintech: To meet investors and analysts on August 10.

• ADF Foods: To meet investors and analysts on August 10.

• Kirloskar Brothers: To meet investors and analysts on August 11.

• Kaveri Seed Company: To meet investors and analysts on August 11.

• Capri Global Capital: To meet investors and analysts on August 11.

• Kirloskar Oil Engines: To meet investors and analysts on August 11.

• MedPlus Health Services: To meet investors and analysts on Aug. 11.

• Cholamandalam: To meet investors and analysts on Aug. 11.

• Oil India: To meet investors and analysts on August 11.

• Camlin Fine Sciences: To meet investors and analysts on August 12.

• Sunteck Realty: To meet investors and analysts on August 12.

• Wonderla Holidays: To meet investors and analysts on August 12.

• Astral: To meet investors and analysts on August 12.

• RailTel Corp. of India: To meet investors and analysts on August 12.

• Nava Bharat Ventures: To meet investors and analysts on August 12.

• NGL Fine-Chem: To meet investors and analysts on August 17.

• GIC of India: To meet investors and analysts on August 17.

• Bata India: To meet investors and analysts on August 18.

• Ugro Capital: To meet investors and analysts on August 26.

AGMs Today

• Bandhan Bank

• DLF

• Macrotech Developers

• Central Bank

• Cholamandalam Financial Holdings

• Cummins India

Trading Tweaks

• Ex-Date Dividend: City Union Bank, NTPC, Sansera Engineering

• Ex-Date AGM: Mangalore Refinery and Petrochemicals

• Ex-Date Interim Dividend: Great Eastern Shipping, Vaibhav Global

• Ex-Date Final Dividend: NHPC

• Record-Date Dividend: Cipla, Alkem Laboratories, Chennai Petroleum Corporation, Honeywell Automation India

• Record-Date Interim Dividend: Castrol India, D.B.Corp

• Record-Date Final Dividend: ICICI Bank

• Move Into Short-Term ASM Framework: Weizmann

• Move Out Of Short-Term ASM Framework: Butterfly Gandhimathi Appliances