Stocks To Watch Today: Ashok Leyland, Concor, Godrej Consumer, HPCL, NTPC
Here are the stocks to watch going into trade today..
Equities in Asia and US futures rose on Friday even as concerns over global economic outlook and China’s Covid-19 struggles persisted.
Stocks gained in Japan, South Korea and Australia, after Wall Street shares saw modest gains on Thursday. The Singapore-traded SGX Nifty, an early barometer of India's benchmark Nifty 50, rose nearly 1% to 15,940.50 points as of 6:20 am.
Crude oil prices hovered near $112 a barrel, gold held a rally and bitcoin was near $30,000.
Here are the stocks to watch in today's trade:
Biocon: Biocon Biologics and Viatris Inc. have launched biosimilar Abevmy in Canada.
Dish TV: The company will hold an EGM on June 24.
Wipro: The company launched Innovation Studio in Austin, Texas.
Hindustan Aeronautics: The company has been granted the type certification of first Indigenous Light Transport civil passenger aircraft.
Earnings Post Market Hours
Godrej Consumer Products Q4 FY22 (Consolidated, YoY)
Revenue up 7% at Rs 2915.82 crore
EBITDA fell 15% at Rs 467.58 crore
EBITDA margin 16% vs 20.1%
Net profit fell 1% at Rs 363.24 crore
Gland Pharma Q4 FY22 (Consolidated, YoY)
Revenue up 24% at Rs 1,103 crore
EBITDA up 6% to Rs 348 crore
EBITDA margin at 31.6% vs 36.9%
Net profit up 10% to Rs 286 crore
Ashok Leyland Q4 FY22 (Consolidated, YoY)
Revenue up 22% at Rs 9,926.97 crore
EBITDA up 17.8% at Rs 1,194.11 crore
EBITDA margin 12.03% vs 12.45%
Net profit fell 60.22% at Rs 140.24 crore
Exceptional loss stood at Rs 236.91 crore
Recommended dividend of Rs 1 per share
Container Corporation of India Q4 FY22 (Consolidated, YoY)
Revenue up 5.16% at Rs 2,057.56 crore
EBITDA up 112.53% at Rs 415.84 crore
EBITDA margin 20.21% vs 10%
Net profit up 900% at Rs 257.56 crore
Recommended final dividend of Rs 3 per share
HPCL Q4 FY22 (Consolidated, YoY)
Revenue up 30.4% at Rs 97,288.11 crore
EBITDA down 58.86% at Rs 1,825.53 crore
EBITDA margin at 1.74% vs 5.22%
Net profit down 34% at Rs 2,018.45 crore
Recommended final dividend of Rs 14 per share
Krishna Institute of Medical Sciences Q4 FY22 (Consolidated, QoQ)
Revenue down 5.4% at Rs 372.33 crore
EBITDA down 12.5% at Rs 113.56 crore
EBITDA margin at 30.5% vs 32.97%
Net profit down 0.6% at Rs 80.68 crore
Endurance Technologies Q4 FY22 (Consolidated, QoQ)
Revenue up 10.04% at Rs 2,078.79 crore
EBIT up 42.16% at Rs 159.01 crore
EBIT margin at 7.65% vs 5.92%
Net profit up 44% at Rs 136.18 crore
Recommended dividend of Rs 6.25 per share
Chambal Fertilisers & Chemicals Q4 FY22 (Consolidated, YoY)
Revenue up 101.5% at Rs 3,307.37 crore
EBITDA up 26.55% at Rs 361.43 crore
EBITDA margin 10.93% vs 17.41%
Net profit down 45.62% at Rs 243.57 crore
Recommended final dividend of Rs 3 per share
Prince Pipes and Fittings Q4 FY22 (Consolidated, YoY)
Revenue up 18.37% at Rs 901.19 crore
EBITDA down 4.29% at Rs 140.50 crore
EBITDA margin at 15.6% vs 19.28%
Net profit down 9.25% at Rs 88.23 crore
Recommended final dividend of Rs 2 per share
Earnings To Watch
NTPC, Indigo Paints, Thermax, IDFC, Sobha, Pfizer, Nuvoco Vistas, Metro Brands, C.E. Infosystems, Indiabulls Housing Finance, JK Tyres, Hindustan Foods, Heidelberg Cement, Amara Raja Batteries, ZF Commercial Vehicle Control Systems, Advanced Enzyme Technologies.
Offering
eMudhra: The IPO, which opens today, plans to raise Rs 251.8 crore by offering fresh stock worth Rs 161 crore at Rs 243-256 apiece. The offering includes an offer for sale of 1.61 crore shares by the promoter group and other selling shareholders.
eMudhra IPO: All You Need To Know
Listing Today
Prudent Corporate Advisory Services: Shares to list on the bourse today. The IPO was subscribed 1.22 times. The independent wealth management and a leading mutual fund distributor sold shares at Rs 595-630 apiece and sought to raise Rs 538 crore. The proceeds would go to selling shareholders.
Pledged Shares Details
Chambal Fertilisers and Chemicals: Promoter Zuari Global pledged 4.5 lakh shares on May 17.
Stove Kraft: Promoter and Director Rajendra Gandhi pledged 3 lakh shares on May 13.
Insider Trades
Anant Raj: Promoter Roma Sarin bought 2 lakh shares on May 18.
Shriram City Union Finance: Promoter Group Shriram Value Services bought 947 shares on May 16.
Heranba Industries: Promoter Raghuram K Shetty bought 11,000 shares on May 18.
Who's Meeting Whom
Zomato: To meet investors and analysts on May 24.
Equitas SFB: To meet investors and analysts on May 20.
Sanghi Cement: To meet investors and analysts on May 25.
Ultratech Cement: To meet investors and analysts on May 20.
United Spirits: To meet investors and analysts on May 30.
S.J.S. Enterprises: To meet investors and analysts on May 27.
Supriya Lifescience: To meet investors and analysts on May 23.
Kajaria Ceramics: To meet investors and analysts on May 23.
Valiant Organics: To meet investors and analysts on May 25.
Sobha: To meet investors and analysts on May 21.
BirlaSoft: To meet investors and analysts on May 24.
Patel Engineering: To meet investors and analysts on May 23.
Ester Industries: To meet investors and analysts on May 23.
Quess Corp: To meet investors and analysts on May 27.
Trading Tweaks
Price Band Revised From 10% To 5%: Ruchi Soya Industries, Mangalore Refinery & Petrochemicals
Price Band Revised From 20% To 10%: Uttam Sugar Mills, Rattanindia Enterprises
Ex-Date Dividend: Trent
Ex-Date Interim Dividend: Kewal Kiran Clothing
Move Into Short-Term ASM Framework: Datamatics Global Services, Ruchi Soya Industries, Kewal Kiran Clothing