Stocks To Watch Today: Hindalco, L&T, PNB, Tata Motors, UltraTech Cement

Asian stocks declined on Thursday after U.S.'s inflation surged above expectations at 8.3%, strengthening the case for aggressive monetary tightening.

Shares fell in Japan, Australia and South Korea. U.S. futures slid after the S&P 500 fell to a 15-month low and the Nasdaq 100 shed over 3%.

The Singapore-traded SGX Nifty, an early barometer of India's benchmark Nifty 50, fell over 1% to 15,991 points as of 6:40 a.m.

Russia’s war in Ukraine and China’s Covid lockdowns are adding to supply shortages and soaring costs. Nymex crude halted slide to $105 per barrel. Elsewhere Bitcoin tumbled below $30,000 mark.

Here are the stocks to watch in today's trade:

• Adani Enterprises: The company has incorporated a wholly owned subsidiary Kutch Fertilizers to carry out business of manufacturing and trading of fertilizers of all kinds and other allied items required for agricultural.

• Hindalco Industries: The company’s wholly owned subsidiary Novelis Inc. will invest $2.5 billion to build a new low-carbon recycling and rolling plant in Bay Minette, Alabama, USA. The facility will have an initial 600 kilotonnes of finished aluminum goods capacity per year.

• Macrotech Developers: The company announced partnership with Bain Capital and Ivanhoé Cambridge to develop a green digital infra platform. The platform will jointly invest $1 billion to create 30 million square feet of operating assets in India. Each of the partners have 33% equity interest in the entity.

• Power Grid: The company has acquired Khetri-Narela Transmission for Rs 22.5 crore.

• KRBL: The company has been granted relief for income tax demand of Rs 97.88 crore and dismissed all the appeals for income tax demand of Rs. 1,170.36 crores.

• Imagicaa World: The company approved preferential issue as part of the resolution plan agreed by the lenders under the RBI Prudential Framework. Malpani Parks is the anchor investor for the plan.

• UltraTech Cement: The cement maker has formally joined the race to buy out the Swiss cement giant Holcim's stake in Ambuja Cement Ltd. and ACC Ltd.

Earnings Today: L&T, Tata Motors, Siemens, Tube Investments, Apollo Tyres, CreditAccess Grameen, Anupam Rasayan, Caplin Point, Greaves Cotton, Honeywell Automation, Mindspace Business Parks REIT, Gujarat State Petronet, Orchid Pharma, RBL Bank, Ujjivan Small Finance Bank, Welspun Enterprises.

Earnings Post Market Hours

Punjab National Bank Q4 FY22 (Standalone)

• Net interest income up 5% at Rs 7,304.13 crore

• Net profit fell 66% at Rs 201.57 crore

• GNPA 11.78% Vs 12.88% (QoQ)

• NNPA 4.8% Vs 4.9% (QoQ)

Indian Bank Q4 FY22 (Standalone)

• Net interest income up 28% at Rs 4,255.16 crore

• Net profit fell 42% at Rs 984.25 crore

• GNPA 8.47% Vs 9.13% (QoQ)

• NNPA 2.27% Vs 2.72% (QoQ)

• Recommended dividend of Rs 6.5 per share of face value of Rs 10 each

• Approved raising equity capital of the bank up to Rs 4,000 crore

Cholamandalam Financial Q4 FY22 (Consolidated, QoQ)

• Revenue up 0.43% at Rs 3742.57 crore

• EBIT up 12.32% at Rs 1,985.52 crore

• EBIT margin at 53.05% vs 47.44%

• Net profit up 26.36% at Rs 686.73 crore

• Recommended dividend of Rs 0.55 per share

Birla Corporation Q4 FY22 (Consolidated, YoY)

• Revenue up 6.17% at Rs 2,264.21 crore

• EBITDA fell 29.5% at Rs 276.68 crore

• EBITDA margin 12.22% vs 18.38%

• Net profit fell 55.45% at Rs 111.08 crore

• Recommended dividend of Rs 10 per share

SKF India Q4 FY22 (Consolidated, YoY)

• Revenue up 22.6% at Rs 1039.01 crore

• EBITDA up 7.55% at Rs 159.44 crore

• EBITDA margin 15.35% vs 17.5%

• Net profit up 4.45% at Rs 109.48 crore

• Recommended final dividend of Rs 14.5 per share

• Appointed Ashish Saraf as Chief Financial Officer

Petronet LNG Q4 FY22 (Consolidated, YoY)

• Revenue up 47.33% at Rs 11,160.37 crore

• EBITDA up 7.11% at Rs 1,168.63 crore

• EBITDA margin 10.47% vs 14.4%

• Net profit up 24% at Rs 790.98 crore

• Recommended final dividend of Rs 4.5 per share

Pledged Shares Details

• Max Financial Services: Promoter Max Ventures Investment Holdings created a pledge of 2.38 lakh shares on May 6.

• Omaxe: Promoter Guild Builders revoked a pledge of 38.4 lakh shares on May 9.

• Jubilant FoodWorks: Promoter Jubilant Consumer created a pledge of 1.25 lakh shares on May 9.

Insider Trades

• Usha Martin: Promoter Amisha Jhawar bought 50,000 shares on May 10.

Who's Meeting Whom

• Heritage Foods: To meet investors and analysts on May 30.

• PI Industries: To meet investors and analysts on May 18.

• Lupin: To meet investors and analysts on May 19.

• Apollo Tyres: To meet investors and analysts on May 13.

• Welspun Enterprises: To meet investors and analysts on May 13.

• Page Industries: To meet investors and analysts on May 26.

Trading Tweaks

• Price Band Revised From 10% To 5%: Dhani Services

• Price Band Revised From 20% To 10%: Privi Speciality Chemicals

• Move Out Of Short-Term ASM Framework: Welspun Corp

• Record Date Interim Dividend: Aptech, Thyrocare Technologies

• Record Date Income Distribution: IRB InvIT Fund

• Ex-Date Dividend: HDFC Bank

• Ex-Date Interim Dividend: Procter & Gamble Health

Top Research Reports

• Coal India - To Reopen Closed Mines On A Revenue Sharing Model: Motilal Oswal

• Life Insurance Check - Industry Performance Robust Led By Continued Strong Performance By LIC: Axis Securities

• India Mutual Fund Tracker - Net Inflows Driven By Equity, Liquid Segments: Motilal Oswal