Stocks To Watch Today: Lupin, LTI, Mindtree, Reliance Industries, HCL Technologies

U.S. futures and bonds fell on Monday amid rising inflation, monetary tightening and fears of global economic slowdown.

Stocks in Japan led the decline in Asian markets. China issued warnings on its unemployment rate even as it tightened curbs to prevent the spread of Covid-19.

The Singapore-traded SGX Nifty, an early barometer of India's benchmark Nifty 50, fell over 1.2% to 16,215.50 points as of 6:45 a.m.

Oil slipped from near $100 per barrel amid rising supply risks. Elsewhere, bitcoin hovered around $34,100.

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

• Mindtree/L&T Infotech: The LTI board has approved the merger of Mindtree with the company. The share exchange wap ratio is set at 73 shares of face value Re 1 each of L&T Infotech for every 100 equity shares of Mindtree of face value Rs 10.

• Lupin: The company has received U.S. FDA approval for Pregabalin capsules to market a generic equivalent of Lyrica capsules.

• HCL Technologies: The has signed a definitive agreement for the acquisition of Confinale AG, a Switzerland-based digital banking and wealth management consulting specialist, and Avaloq Premium Implementation partner.

• Future Consumer: The company will sell its 18.58% stake in Amar Chitra Katha for Rs 13.62 crore.

• Indostar Capital: The company has flagged deviations from processes in commercial vehicle loan portfolio and may be required to make an additional estimated credit loss provisioning of Rs 557-677 crore. The capital adequacy ratio will thus stand reduced to 25% from 35.1%.

• Surya Roshni: The company has received order of Rs 53.06 crore for supply of API- 5L Grade X 70 3LPE Coated pipes from GAIL (India).

• Quess Corp: The company along with Fairfax Financial Holdings has agreed to set up for Rs 300 crore a pediatric specialty centre at Christian Medical College, Vellore's Kannigapuram campus.

• Mahindra and Mahindra: The automaker has clarified that there are no plans to split its auto business into three units.

• Coromandel International: The company has received NCLT approval for amalgamation of scheme of amalgamation of the wholly owned subsidiaries, Liberty Pesticides and Fertilizers Limited and Coromandel SQM (India) with the company.

Earnings Post Market Hours

Reliance Industries Q4 FY22 (Consolidated, QoQ)

• Revenue up 10.78% at Rs 2,07,375 crore (less excise duty) Vs Rs 1,85,027 crore (Bloomberg Estimate: Rs 2,14,942.6 crore)

• EBITDA up 5.59% at Rs 31,366 crore Vs Rs 29,706 crore (Bloomberg Estimate: Rs 31,445.5 crore)

• EBITDA margin 15.1% Vs 16.05% (Bloomberg Estimate: 16.9%)

• Net profit fell 12.65% at Rs 16,203 crore Vs Rs 18,549 crore (Bloomberg Estimate: Rs 16,819 crore)

• Recommended dividend of Rs 8 per share of face value of Rs 10 each

Tata Power Q4 FY22 (Consolidated, YoY)

• Revenue up 15.41% at Rs 11,959.96 crore Vs Rs 10,362.6 crore (Bloomberg Estimate: Rs 11,515.2 crore)

• EBITDA up 20.06% at Rs 1,868.59 crore Vs Rs 1,556.41 crore (Bloomberg Estimate: Rs 1,805.3 crore)

• EBITDA margin 15.62% Vs 15.02% (Bloomberg Estimate: 15.67%)

• Net profit up 28.04% at Rs 503.11 crore Vs Rs 392.94 crore (Bloomberg Estimate: Rs 453.7 crore)

• Recommended dividend of Rs 1.75 per share of face value of Rs 1 each

Grindwell Norton Q4 FY22 (Consolidated, YoY)

• Revenue up 9.84% at Rs 558.87 crore Vs Rs 508.8 crore

• EBITDA up 9.42% at Rs 123.64 crore Vs Rs 113 crore

• EBITDA margin flat at 22%

• Net profit up 11.4% at Rs 89.72 crore Vs Rs 80.54 crore

• Recommended dividend of Rs 12 per share of face value of Rs 5 each

• Approved execution of share purchase agreement with 100% shareholders of PRS Permacel for Rs 122 crore

Shipping Corporation of India Q4 FY22 (Consolidated, QoQ)

• Revenue fell 8.16% at Rs 1,314.52 crore Vs Rs 1,431.26 crore

• EBIT fell 45.52% at Rs 166.86 crore Vs Rs 306.27 crore

• EBIT margin 12.69% Vs 21.4%

• Net profit fell 51.16% at Rs 152.16 crore Vs Rs 311.54 crore

• Recommended dividend of Rs 0.33 per share of face value of Rs 10 each

Sundaram Clayton Q4 FY22 (Consolidated, YoY)

• Revenue up 7.18% at Rs 6,901.63 crore Vs Rs 6,439.57 crore

• EBITDA up 7.75% at Rs 903.99 crore Vs Rs 838.97 crore

• EBITDA margin 13.1% Vs 13.03%

• Net profit fell 2.19% at Rs 163.5 crore Vs Rs 167.16 crore

• Appointed Lakshmi Venu as the Managing Director of the company effective May 6

Apollo Tricoat Tubes Q4 FY22 (Consolidated, QoQ)

• Revenue up 15.36% at Rs 830.5 crore Vs Rs 719.91 crore

• EBITDA up 7.8% at Rs 46.29 crore Vs Rs 42.94 crore

• EBITDA margin 5.57% Vs 5.96%

• Net profit up 11.07% at Rs 30.8 crore Vs Rs 27.73 crore

Earnings To Watch

• UPL

• Dalmia Bharat

• Vedant Fashions

• Central Bank of India

• Suven Pharmaceuticals

• Gujarat Narmada Valley Fertilizers & Chemicals

• PVR

• KEI Industries

• Godrej Agrovet

• BASF India

• Mold-Tek Packaging

• Craftsman Automation

• Infibeam Avenues

• Cosmo Films

• CMS Info Systems

• Borosil

• Aarti Drugs

Offerings

• LIC IPO: Subscription to resume on day six.

Insider Trades

• Usha Martin: Promoter Stuti Raghav Agarwalla bought 50,000 shares on May 5.

Who's Meeting Whom

• Mahanagar Gas: To meet investors and analysts on May 11.

• Torrent Power: To meet investors and analysts on May 11.

• Greenply Industries: To meet investors and analysts on May 16.

• Chemplast Sanmar: To meet investors and analysts on May 12.

• Ujjivan Small Finance Bank: To meet investors and analysts on May 12.

• MCX: To meet investors and analysts on May 17.

• Vedant Fashion: To meet investors and analysts on May 10.

• Shemaroo Entertainment: To meet investors and analysts on May 11.

Trading Tweaks

• Record Date Interim Dividend: Crisil, Vedanta

• Record Date Income Distribution RITES: Embassy Office Parks REIT

• Move Out Of Short-Term ASM Framework: Bombay Dyeing & Manufacturing Company