Stocks To Watch Today: HUL, Ambuja Cements, ICICI Lombard, Vedanta, Vodafone Idea, Wipro

Asian equities rallied on the back of surge in US markets amid a dip in the dollar. Shares gained over 1% in Japan, South Korea and Australia after the S&P 500’s biggest jump since June. US futures advanced.

At 6:40 am, the Singapore-traded SGX Nifty -- an early barometer of India's benchmark Nifty 50 -- rose 0.89% to 16,483.50 points.

The euro climbed to a two-week high against the dollar on hopes of bigger-than-expected European Central Bank interest-rate hike on Thursday.

Brent crude traded at $107 a barrel. Bitcoin hovered above $23,000.

Stocks To Watch

• Vedanta: The company approved a second interim dividend of Rs 19.5 per equity share. The total dividend payout now stands Rs 7,250 crore.

• Grasim: The company plans for trading and marketing of building material via B2B e-commerce. It approved investment of Rs 2,000 crore over the next five years.

• Krsnaa Diagnostic: The company has won a tender from Rajasthan Medical Education Society, Government of Rajasthan, for supply, installation, operation, and maintenance of CT Scan Centre at MES Medical College, Churu. The tenure of contract is 10 years.

• Trident: The company has temporarily shut down major operations in Punjab, including two textile units and one paper and chemical unit, from intervening night of July 20-21 due to protests. Estimated impact on the production shall be intimated once normalcy resumes.

• Vodafone Idea: The company will consider issue of equity shares or warrants convertible up to 42.76 crore shares to promoter entity on July 22.

• Gillette India/P&G Hygiene and Health Care: The companies have appointed LV Vaidyanathan as managing director for a period of five years with effect from July 1, 2022.

Earnings Post Market Hours

Hindustan Unilever Q1 FY23 (Consolidated, QoQ)

• Revenue up 6% at Rs 14,624 crore

• EBITDA up 3% at Rs 3,402 crore

• EBITDA margin at 23.3% Vs 24%

• Net profit up 3% at Rs 2,381 crore

ICICI Lombard General Insurance Q1 FY23 (Consolidated, YoY)

• Revenue up 4% at Rs 3,978 crore

• EBITDA at Rs 317 crore vs Rs 54 crore

• EBITDA margin at 8% vs 1.4%

• Net profit up 80% at Rs 349 crore

Ambuja Cements Q2 CY23 (Consolidated, YoY)

• Revenue up 15% at Rs 8,032.88 crore

• EBITDA down 39% at Rs 1,114.88 crore

• EBITDA margin at 13.88% vs 26.19%

• Net profit down 25% at Rs 865.44 crore

Hatsun Agro Product Q1 FY23 (Consolidated, YoY)

• Revenue up 31% at Rs 2,014.6 crore

• EBITDA down 2.5% at Rs 178.14 crore

• EBITDA margin at 8.8% vs 11.8%

• Net profit down 11% at Rs 51.95 crore

• Dividend of Rs 6 per share declared

L&T Finance Holdings Q1 FY23 (Consolidated, YoY)

• Revenue down 2% at Rs 2,988.4 crore

• EBIT down 3.3% at Rs 1,572.58 crore

• EBIT margin at 52.62% vs 53.26%

• Net profit up 47% at Rs 262.1 crore

Rallis India Q1 FY23 (Consolidated, YoY)

• Revenue up 16.5% at Rs 862.78 crore

• EBITDA down 7% at Rs 112.66 crore

• EBITDA margin at 13% vs 16.42%

• Net profit down 18% at Rs 67.47 crore

Share India Securities Q1 FY23 (Consolidated, YoY)

• Revenue up 63% at Rs 191.31 crore

• EBIT up 56% at Rs 60.01 crore

• EBIT margin at 31.37% vs 32.73%

• Net profit up 75% at Rs 42.37 crore

• Interim dividend of Rs 2 per share declared

Earnings Today

Wipro, Gland Pharma, IndusInd Bank, Tata Communications, Agro Tech Foods, CEAT, Century Plyboards, Hathway Cable & Datacom, Havells India, JSW Ispat Special Products, Lloyds Steels Industries, Mastek, Newgen Software Technologies, Oracle Financial Services Software, Reliance Industrial Infrastructure, Sagar Cements, Sasken Technologies, Stylam Industries, Syngene International

Pledge Share Details

• Max Financial Services: Promoter Max Ventures Investment Holdings created a pledge of 5.54 lakh shares on July 14 and revoked a pledge of 10.3 lakh shares between July 14 and July 18.

• Emami: Promoter Groups Sneha Enclave revoked a pledge of 3.5 lakh shares and Suraj Finvest revoked a pledge of 2 lakh shares on July 15.

Who’s Meeting Whom

• Apollo Pipes: To meet investors and analysts on July 27.

• Shoppers Stop: To meet investors and analysts on July 27.

• UTI Asset Management: To meet investors and analysts on July 27.

• PCBL: To meet investors and analysts on July 21.

• Tatva Chintan Pharma: To meet investors and analysts on July 25.

• Vedanta: To meet investors and analysts on July 28.

• UPL: To meet investors and analysts on August 1.

• Crompton Greaves: To meet investors and analysts on July 25.

• Ujjivan SFB: To meet investors and analysts on July 26.

• Escorts Kubota: To meet investors and analysts on August 1.

• Meghmani Organics: To meet investors and analysts on July 22.

• Emami: To meet investors and analysts on July 29.

AGMs Today

• ITC

• JSW Steel

• Syngene

Trading Tweaks

• Ex-Date Annual General Meeting: Usha Martin, CESC

• Ex-Date Dividend: Usha Martin, Dollar Industries, Mahindra & Mahindra Financial Services

• Ex-Date Interim Dividend: Hindustan Zinc

• Ex-Date Final Dividend: NOCIL, Novartis India, Orient Cement, Tata Metaliks, Tube Investments of India, V Guard Industries

• Record-Date Dividend: Aegis Logistics

• Move Out Of ASM Framework: Himadri Speciality Chemical

Research Reports

• Paytm - SuperApp Delivering Super Performance: Dolat Capital

• Trent - Bigger, Bolder, Better: Centrum Broking Initiates Coverage

• Tube Investments - Core Business Exports Ramping-Up Well: Motilal Oswal

• India Steel Sector Check - RoCE Print To Favour JSW Steel, Tata Steel Scores In Deleveraging: ICICI Securities

• Telecom - DoT Announces Earnest Money Deposit For The 5G Auction; Expect No Bidding War: Motilal Oswal