Stocks To Watch Today: BPCL, Hindalco, Motherson Sumi, Piramal Enterprises, Zee Entertainment
Here are the stocks to watch going into trade today.
Stocks in Asia advanced on Friday after a recovery on Wall Street.
Japanese, Korean and Australian stocks gained. US futures were steady after S&P 500 rose from its lowest level in more than a year. The Nasdaq 100 added over 2%.
The Singapore-traded SGX Nifty, an early barometer of India's benchmark Nifty 50, rose nearly 0.50% to 16,257 points as of 6:50 am.
Elsewhere, West Texas Intermediate was at $113.85 a barrel. Bitcoin hovered around $29,000.
Here are the stocks to watch in today's trade:
BPCL: The government called off EoI process for divestment of its 52.98% stake. Owing to prevailing conditions in the global energy market, the majority of QIPs have expressed their inability to continue in the current process of disinvestment of BPCL, the government said.
Tata Motors: The company incorporated a wholly owned subsidiary, TML Smart City Mobility Solutions for undertaking urban mass mobility business. It intends to bring specific focus to its Electric Vehicles segment as a service offering across its portfolio of commercial vehicles.
ONGC: The company has allocated capital expenditure of Rs 31,000 crore in the next three fiscals (FY 2022-25) for exploration.
Union Bank of India: The bank approved raising Rs 3,800 crore through Public Issue/Rights issue/private placement including QIP and Rs 4,300 crore via green/foreign currency denominated AT1 /Tier 2 bonds.
Tata Power: The company’s subsidiary Tata Power Renewable Energy has commissioned 100 MW/138MWp project for Maharashtra State Electricity Distribution Company in Maharashtra. The installation is comprised of over 4,11,900 numbers of monocrystalline PV modules and is expected to reduce around 234 million tons of CO2 annually.
Torrent Pharmaceuticals/Dr Reddy’s: Torrent Pharmaceuticals entered into an agreement with Dr. Reddy's Laboratories to acquire four of its brands Styptovit-E, Finast, Finast-T and Dynapress. As per the terms of the definitive agreement, Torrent Pharma will take over the manufacturing, marketing, and distribution of these brands in India. The complete integration and transition of the brands are expected to be completed by June 2022.
Earnings Post Market Hours
Hindalco Industries Q4 FY22 (Consolidated, QoQ)
Revenue up 10.9% at Rs 55,764 crore Vs Rs 50,272 crore (Bloomberg estimate: Rs 53,387.4 crore)
EBITDA down 0.4% to Rs 7,597 crore from Rs 7,624 crore (Bloomberg estimate: Rs 5,898.5 crore)
EBITDA margins at 13.6% Vs 15.2% (Bloomberg estimate: 11%)
Net profit up 4.8% to Rs 3,851 crore Vs Rs 3,675 crore (Bloomberg estimate: Rs 2,959.2 crore)
Zee Entertainment Q4 FY22 (Consolidated, QoQ)
Revenue up 10% at Rs 2322.90 crore Vs Rs 2112.64 crore
EBIT up 6% at Rs 439.15 crore Vs Rs 414.56 crore
EBIT margin 18.91% Vs 19.62%
Net profit fell 39% at Rs 181.93 crore Vs Rs 298.73 crore
Recommended dividend of Rs 1 per share of face value of Rs 3 each
Berger Paints Q4 FY22 (Consolidated, YoY)
Revenue up 8% at Rs 2,187.51 crore Vs Rs 2,026.09 crore
EBITDA up 3.2% at Rs 346.44 crore Vs Rs 335.57 crore
EBITDA margin 15.84% Vs 16.56%
Net profit up 5.6% at Rs 220.29 crore Vs Rs 208.60 crore
Recommended dividend of Rs 3.1 per share of face value of Rs 1 each
Piramal Enterprises Q4 FY22 (Consolidated, YoY)
Revenue up 16% at Rs 573.64 crore Vs Rs 493.59 crore
EBITDA fell 21% at Rs 232.35 crore Vs Rs 294.50 crore
EBITDA margin 40.5% Vs 59.6%
Net profit up 302% at Rs 316.23 crore Vs Rs 78.71 crore
Recommended final dividend of Rs 33 per share of face value of Rs 2 each
Motherson Sumi Systems Q4 FY22 (Consolidated, YoY)
Revenue up 28.5% at Rs 1,630.6 crore Vs Rs 1,269 crore
EBITDA up 24% at Rs 215.66 crore Vs Rs 174.29 crore
EBITDA margin 13.23% Vs 13.73%
Net profit up 62% at Rs 397.27 crore Vs Rs 244.88 crore
Recommended dividend of Rs 0.65 per share of face value of Rs 1 each
Muthoot Finance Q4 FY22 (Consolidated, QoQ)
Revenue fell 4.27% at Rs 3,021.13 crore Vs Rs 3,155.78 crore
EBIT fell 3.31% at Rs 2,364.29 crore Vs Rs 2,445.3 crore
EBIT margin 78.26% Vs 77.5%
Net profit fell 3.6% at Rs 1,006.22 crore Vs Rs 1,043.63 crore
Cummins Q4 FY22 (Consolidated, YoY)
Revenue up 20% at Rs 1,502.12 crore Vs Rs 1,256.25 crore
EBITDA up 23% at Rs 208.16 crore Vs Rs 169.75 crore
EBITDA margin 13.86% Vs 13.51%
Net profit up 28% at Rs 216.27 crore Vs Rs 168.56 crore
Recommended final dividend of Rs 10.5 per share of face value of Rs 2 each
NMDC Q4 FY22 (Consolidated, YoY)
Revenue fell 2% at Rs 6,702.24 crore Vs Rs 6,847.57 crore
EBITDA fell 37% at Rs 2,682.57 crore Vs Rs 4,240.27 crore
EBITDA margin 40% Vs 62%
Net profit fell 36% at Rs 1,812.98 crore Vs Rs 2,835.54 crore
Bharat Dynamics Q4 FY22 (Consolidated, YoY)
Revenue up 21.5% at Rs 1,381.07 crore Vs Rs 1,136.86 crore
EBITDA up 17.4% at Rs 404.08 crore Vs Rs 344.3 crore
EBITDA margin 29.3% Vs 30.3
Net profit up 1.5% at Rs 264.36 crore Vs 260.36 crore
Recommended dividend of Rs 1 per share of face value of Rs 10 each
AstraZeneca Q4 FY22 (Consolidated, YoY)
Revenue up 10% at Rs 231.96 crore Vs Rs 210.25 crore
EBITDA fell 7% at Rs 37.75 crore Vs Rs 40.4 crore
EBITDA margin 16.3% Vs 19.2
Net profit up 3% at Rs 27.98 crore Vs Rs 27.27 crore
Recommended final dividend of Rs 8 per share
Bharat Rasayan Q4 FY22 (Consolidated, YoY)
Revenue up 65% at Rs 444.78 crore Vs Rs 269.81 crore
EBITDA up 32% at Rs 86.62 crore Vs Rs 65.62 crore
EBITDA margin 19.5% Vs 24%
Net profit up 38% at Rs 64.55 crore Vs Rs 46.8 crore
Recommended final dividend of Rs 1.5 per share of face value of Rs 10 each
India Glycols Q4 FY22 (Consolidated, YoY)
Revenue fell 7% at Rs 1,494.17 crore Vs Rs 1,604.14 crore
EBITDA fell 8% at Rs 79.62 crore Vs Rs 86.73 crore
EBITDA margin 5.3% Vs 5.4%
Net profit fell 5.5% at Rs 67.08 crore Vs Rs 71 crore
Recommended dividend of Rs 7.5 per share of face value of Rs 10 each
Earnings To Watch
GAIL India
Godrej Industries
JSW Steel
Jindal Steel & Power
PB Fintech
United Spirits
TCI Express
Unichem Laboratories
VRL Logistics
Sadbhav Infrastructure Projects
India Cements
Ircon International
Lemon Tree Hotels
GR Infraprojects
Glenmark Pharma
Fine Organics
Akzo Nobel India
Arvind Fashions
Astral
Crompton Greaves Consumer Electrical
BEML
Engineers India
Pledged Shares Details
Emami:
Promoter Group Sneha Enclave created a pledge of 3.05 lakh shares between May 23 and May 24.
Promoter Group Suraj Finvest created a pledge of 26.53 lakh shares between May 23 and May 24.
Insider Trades
Mukand: Promoter Group Bachhraj Factories bought 40,000 shares between May 20 and May 23.
Apcotex Industries: Promoter Group Gauriputra Investments and Trading Company bought 1,280 shares on May 25.
Zydus Wellness: Promoter Group Zydus Family Trust bought 36,319 shares on May 25.
IRB Infrastructure Developers: Promoter & Director Virendra Mhaiskar bought 3.35 lakh shares on May 25.
Orient Cement: Promoter Central India Industries bought 3.1 lakh shares between May 24 and May 25. Promoter Shekhavati Investments and Traders bought 1.45 lakh shares between May 24 and May 25.
Heranba Industries: Promoter Raghuram K Shetty bought 4,000 shares between May 24 and May 25.
Block Deals
NXTDigital:
Hinduja Group bought 7 lakh (2.07%) shares at Rs 347 apiece.
Aasia Corporation LLP sold 7 lakh (2.07%) shares at Rs 347 apiece.
Bulk Deals
Reliance Industrial Infrastructure:
HRTI bought 90,209 (0.03%) shares at Rs 838.2 apiece.
Om Prakash Banthia sold 78000 (0.02%) shares at Rs 820.47 apiece.
Who's Meeting Whom
PB Fintech: To meet investors and analysts on May 28.
India Glycols: To meet investors and analysts on May 30.
Fiem Industries: To meet investors and analysts on June 1.
Lux Industries: To meet investors and analysts on May 31.
Welspun Corp: To meet investors and analysts on May 30.
Restaurant Brands Asia: To meet investors and analysts on May 31.
The India Cements: To meet investors and analysts on May 27.
Oil India: To meet investors and analysts on June 3.
City Union Bank: To meet investors and analysts on May 27.
Kims Hospitals: To meet investors and analysts on May 26 and May 27.
IZMO: To meet investors and analysts on May 31.
Garden Reach Shipbuilders: To meet investors and analysts on May 31.
MAN Industries (India): To meet investors and analysts on May 30.
Hindware Home Innovation: To meet investors and analysts on May 27.
Dilip Buildcon: To meet investors and analysts on May 30.
Aarti Industries: To meet investors and analysts on May 30.
Edelweiss Financial Services: To meet investors and analysts on May 30.
Eicher Motors: To meet investors and analysts on May 27.
NMDC: To meet investors and analysts on May 27.
LT Foods: To meet investors and analysts on May 30.
Radico Khaitan: To meet investors and analysts on May 30.
Xelpmoc Design and Tech: To meet investors and analysts on May 30.
Maharashtra Seamless: To meet investors and analysts on May 30.
GR Infraprojects: To meet investors and analysts on May 30.
Sharda Motor Industries: To meet investors and analysts on May 30.
Trading Tweaks
Price Band Revised From 10% To 5%: Gulshan Polyols
Record Date Buyback: Motilal Oswal Financial Services
Ex-Date Interim Dividend: Manappuram Finance
Ex-Date Annual General Meeting/Dividend: Solar Industries India
Move Into Short-Term ASM Framework: Equitas Small Finance Bank, Rupa & Company
Top Research Reports
Colgate Q4 Review - Market Share Gains Hold Key To Re-Rating: Prabhudas Lilladher
Granules India - Scaling Up In Size: Dolat Capital Initiates Coverage
Digital Payments Tracker - Outstanding Credit Cards Grow In March, Spends Up: Motilal Oswal
Coal India Q4 - Excellent Performance, Full Steam Ahead: ICICI Securities
IndiGo Q4 Review - Ballooning Fuel Cost To Hamper Margins: Prabhudas Lilladher