Stocks To Watch Today: Adani Green, Reliance Industries, ONGC, Oil India, Voltas, Zomato

Stocks fell in Asia on Wednesday and the dollar climbed as investors evaluated heightened US-China tension and hawkish Federal Reserve comments.

Shares were mixed in Japan and fell in South Korea and Australia. S&P 500 and Nasdaq 100 futures slipped after a dip in Wall Street shares on Tuesday.

Hong Kong contracts earlier pointed to the bourse there unwinding some of the losses sparked by worries over US House Speaker Nancy Pelosi’s Taiwan visit. At 7:20 am, the Singapore-traded SGX Nifty -- an early barometer of India's benchmark Nifty 50 -- traded 0.29% higher at 17,375 points.

Elsewhere, oil fell below $94 a barrel as traders counted down to an OPEC+ crude production meeting. Gold retreated and Bitcoin dropped under $23,000.

• RIL/ONGC/oil exporter stocks: Government raised export duty on crude oil Rs 17,000/ton to Rs 17,750/ton. Export duty on diesel cut from Rs 11 to Rs 5 and export duty on ATF scrapped.

• ITC: The company has exited the Lifestyle Retailing business following a strategic review of its business portfolio.

• Mahindra & Mahindra Financial Services: The company’s disbursements in July 2022 rose 63% YoY and 3% sequentially to Rs 3,912 crore. The collection efficiency was at 97% for July 2022, better than the CE of 95% for July 2021.

• Jubilant Pharmova: The U.S. FDA issued six observations following the completion of audit of the Solid Dosage Formulations facility at Roorkee, India of Jubilant Generics, a subsidiary of its wholly owned subsidiary Jubilant Pharma.

• Easy Trip Planners: Nomura Singapore bought 11.5 lakh (0.52%) shares at Rs 399 apiece

• Aurobindo Pharma: The company has received Form 483 with three observations from the U.S. FDA following inspection in its Unit XI, an API non-antibiotic manufacturing facility situated at Pydibhimavaram, Srikakulam District, Andhra Pradesh. The company said that it will respond to the observations and that none of them are related to data integrity.

• Voltas: The company completed the transfer of domestic B2B businesses comprising projects to its wholly owned subsidiary Universal MEP Projects & Engineering Services for a consideration of Rs 1,190 crore.

• Zomato: Uber likely to sell 7.8% stake in Zomtao via mega block deal today, reported Reuters .

Earnings: Adani Transmission, Adani Power, Godrej Consumer Products, Adani Wilmar, Lupin, Aditya Birla Capital, Inox Leisure, InterGlobe Aviation, Vodafone Idea, Devyani International, BASF India, Chambal Fertilisers & Chemicals, Gulf Oil Lubricants, FirstSource Solutions, Birlasoft, Triveni Engineering, TCI Express, Tata Coffee, Redington, Prism Johnson, PI Industries, Paras Defence & Space Technologies, KIOCL, KEC International

Earnings Post Market Hours

Adani Green Energy Q1 FY23 (Consolidated, YoY)

• Revenue up 67% at Rs 1635 crore Vs Rs 977 crore

• EBITDA up 26% at Rs 948 crore Vs Rs 754 crore

• EBITDA margin 58% Vs 77%

• Net profit fell 2% at Rs 214 crore Vs Rs 219 crore

Deepak Nitrite Q1 FY23 (Consolidated, YoY)

• Revenue up 35% at Rs 2,057.99 crore Vs Rs 1,526.22 crore (Bloomberg estimate: Rs 1,783.7 crore)

• EBITDA fell 21% at Rs 355.98 crore Vs Rs 451.5 crore (Bloomberg estimate: Rs 345.5 crore)

• EBITDA margin 17% Vs 30%

• Net profit fell 22% at Rs 234.62 crore Vs Rs 302.63 crore (Bloomberg estimate: Rs 221.5 crore)

Brigade Enterprises Q1 FY23 (Consolidated, QoQ)

• Revenue fell 4% at Rs 902.49 crore Vs Rs 942.31 crore

• EBITDA up 13% at Rs 232.65 crore Vs Rs 205.19 crore

• EBITDA margin 26% Vs 22%

• Net profit up 2.7x at Rs 87.68 crore Vs Rs 32.47 crore

Bosch Q1 FY23 (Consolidated, YoY)

• Revenue up 45% at Rs 3,544.4 crore Vs Rs 2,443.5 crore

• EBITDA up 47% at Rs 449.40 crore Vs Rs 306.6 crore

• EBITDA margin 12.7% Vs 12.5%

• Net profit up 29% at Rs 334.1 crore Vs Rs 259.8 crore

Voltas Q1 FY23 (Consolidated, YoY)

• Revenue up 55% at Rs 2,768 crore Vs Rs 1,785 crore

• EBITDA up 29% at Rs 174.99 crore Vs Rs 135.58 crore

• EBITDA margin 6.3% Vs 7.6%

• Net profit fell 11% at Rs 108.88 crore Vs Rs 121.8 crore

Thermax Q1 FY23 (Consolidated, QoQ)

• Revenue up 57% at Rs 1,654.48 crore Vs Rs 1,052.36 crore

• EBITDA up 52% at Rs 96.03 crore Vs Rs 63.04 crore

• EBITDA margin 5.8% Vs 5.9%

• Net profit up 39% at Rs 58.95 crore Vs Rs 42.4 crore

Siemens Q1 FY23 (Consolidated, YoY)

• Revenue up 12% at Rs 4,258.3 crore Vs Rs 3,801.1 crore

• EBITDA fell 12% at Rs 412.20 crore Vs Rs 469.4 crore

• EBITDA margin 10% Vs 12%

• Net profit fell 12% at Rs 300.7 crore Vs Rs 340 crore

Moil Q1 FY23 (Consolidated, YoY)

• Revenue up 28% at Rs 375.58 crore Vs Rs 293.32 crore

• EBITDA up 77% at Rs 147.99 crore Vs Rs 83.76 crore

• EBITDA margin 39% Vs 29%

• Net profit up 66% at Rs 102.78 crore Vs Rs 61.79 crore

Lemon Tree Hotels Q1 FY23 (Consolidated, QoQ)

• Revenue up 61% at Rs 192.03 crore Vs Rs 119.53 crore

• EBITDA up 4x at Rs 87.58 crore Vs Rs 21.58 crore

• EBITDA margin 46% Vs 18%

• Net profit at Rs 13.85 crore Vs net loss 24.62 crore

Pledge Share Details

• Jindal Steel & Power: Promoter Group Siddeshwari Tradex revoked a pledge of 3 lakh shares on July 28.

• Ajanta Pharma: Promoter Aayush M Agrawal, trustee Aayush Agrawal Trust revoked a pledge of 3.67 lakh shares on July 29.

Bulk Deals

• Easy Trip Planners: Nomura Singapore bought 11.5 lakh (0.52%) shares at Rs 399 apiece.

Block Deals

HCL Technologies:

• Vama Sundari Investments (Delhi) bought 41.3 lakh (0.15%) shares at Rs 950 apiece.

• Kiran Nadar Museum of Art sold 41.3 lakh (0.15%) shares at Rs 950 apiece

Who’s Meeting Whom

• Minda Corporation: To meet investors and analysts on August 5

• Century Textile and Industries: To meet investors and analysts on August 4 and August 5

• LIC Housing Finance: To meet investors and analysts on August 5

• Advanced Enzyme Technologies: To meet investors and analysts on August 6

• Greaves Cotton: To meet investors and analysts on August 12

• Neogen Chemicals: To meet investors and analysts on August 8

• CreditAccess Grameen: To meet investors and analysts on August 3

• Affle (India): To meet investors and analysts on August 8

• Torrent Power: To meet investors and analysts on August 9

• Tarsons Products: To meet investors and analysts on August 8

• GAIL (INDIA): To meet investors and analysts on August 4

• Endurance Technologies Ltd: To meet investors and analysts on August 11

• Hindalco Industries: To meet investors and analysts on August 10

• Gokaldas Exports: To meet investors and analysts on August 3

• Endurance Technologies: To meet investors and analysts on August 11

• Shriram City Union Finance: To meet investors and analysts on August 3

• IG Petrochemicals: To meet investors and analysts on August 8

• Poly Medicure: To meet investors and analysts on August 5

• Caplin Point Laboratories: To meet investors and analysts on August 5

• Sandhar Technologies: To meet investors and analysts on August 8

• India Pesticides: To meet investors and analysts on August 8

• Ashoka Buildcon: To meet investors and analysts on August 11

• GE Power India: To meet investors and analysts on August 9

• Fortis Healthcare: To meet investors and analysts on August 8

• Lemon Tree Hotels: To meet investors and analysts on August 4

• FSN E-Commerce Ventures: To meet investors and analysts on August 5

• Paradeep Phosphates: To meet investors and analysts on August 4

• Crisil: To meet investors and analysts on August 5

• Matrimony.com: To meet investors and analysts on August 12

• Alembic Pharmaceuticals: To meet investors and analysts on August 4

• Voltas: To meet investors and analysts on August 4

AGMs today

• Godrej Consumer Products

• Lupin

• Nuvoco Vistas Corporation

• Bosch

• BASF

• Birlasoft

• FirstSource Solutions

Trading Tweaks

• Price Band Revised From 10% To 5%: Tanla Platforms

• Ex-Date Interim Dividend: Anupam Rasayan India, Coforge,

• Ex-Date Final Dividend: DISA India, Esab India, Greaves Cotton, Kirloskar Oil Engines, Maruti Suzuki India

• Ex-Date Income Distribution: IRB InvIT Fund

• Record Date Dividend: Centum Electronics, Ramco Cements, DLF, Cummins India, Kirloskar Brothers, Ramco Industries

• Record Date Annual General Meeting: Ramco Cements, Cummins India, Ramco Industries

• Record-Date Final Dividend: Anand Rathi Wealth, Cummins India, Kirloskar Brothers, Ramco Industries

• Move Into Short-Term ASM Framework: Metro Brands, West Coast Paper Mills

• Move Out Of Short-Term ASM Framework: NDTV

Research Reports

• Q1 FY23 Interim Earnings Review – Below Expectations: Motilal Oswal

• Auto Sector Check - Gradual Improvement But Challenging Situation Continues: Reliance Securities

• Federal Bank - Asset Quality, Net Interest Margin To Improve Gradually Over FY21-24E: HDFC Securities

• Ferrous, Non-Ferrous Metals Check - Falling Coking Coal Prices To Provide Some Relief: IDBI Capital