Stocks To Watch Today: Reliance Industries, Future Retail, ICICI Bank, HDFC Bank, Tata Motors
Asian equities and U.S. Futures declined on Monday as strong tightening signals from the U.S. Federal Reserve Chair Jerome Powell and European Central Bank undermined risk appetite.
Equities fell in Japan and South Korea, while futures edged lower earlier in Hong Kong. S&P 500 futures dropped while Nasdaq 100 futures also fell after the tech gauge look poised for the worst month since 2008.
The Singapore-traded SGX Nifty, an early barometer of India's benchmark Nifty 50, fell over 1% to 16,979 points as of 6:45 am.
Macron defeated far-right leader Marine Le Pen in the French presidential election on a pro-business platform, bolstering the euro.
Oil fell toward $100 a barrel -- after sliding for the third week in four -- as China lockdowns amplify demand fears. Bitcoin fell to $39,000.
Stocks To Watch
Reliance Industries: India's most valuable firm by market cap has abandoned a plan to buy Future Group's retail assets amid protracted legal challenges from Amazon.com Inc.
HDFC Bank: The lender's board has approved a dividend of Rs 15.5 per share, weeks after it approved a merger with HDFC Ltd.
Tata Motors: Hikes passenger vehicle prices to offset rising costs.
Future Group: Secured creditors of the group companies rejected a reorganisation scheme for merging their assets with Reliance Retail.
Firstsource Solutions: The company will expand its operations in the U.K. to create about 1,000 new jobs over the next 12 months.
Varroc Engineering: The firm has termed as “speculative” reports that it plans to sell its lighting business for $650 million.
Central Bank of India: The Reserve Bank of India has imposed a penalty of Rs 36 lakh on the lender for non-compliance with 'Customer Protection–Limiting Liability of Customers in Unauthorised Electronic Banking Transactions'.
Torrent Power: The Gujarat-based power generator has agreed to buy out Sunshakti Solar at an enterprise valuation of Rs 417 crore.
Earnings Today: Century Textiles, Eveready Industries, Gujarat Mineral Development, Mahindra CIE Automotive, Tatva Chintan Pharma, Tata Investment, Steel Exchange India, Meghmani Finechem, Maharashtra Scooters
Earnings Post Market Hours
Tata Metaliks Q4 FY22 (Consolidated, YoY)
Revenue rose 22.25% to Rs 807.92 crore
EBITDA fell 60.23% to Rs 56.91 crore
EBITDA margin stood at 7.04% vs 21.65%
Net profit fell 30% to Rs 52.46 crore
Recommended dividend of Rs 8 per share
Tejas Networks Q4 FY22 (Consolidated, QoQ)
Revenue rose 18.6% to Rs 126.5 crore
EBIT stood at a negative Rs 110 crore
EBIT margin stood at -87% vs -45%
Net loss widened to Rs 49.62 crore
MMTC Q2 FY22 (Consolidated, QoQ)
Revenue fell 66.6% to Rs 1,390.54 crore
EBIT stood at negative Rs 29.01 crore
EBIT margin stood at -2.09% vs -0.69%
Net loss widened to Rs 185.8 crore
ICICI Bank Q4FY22 (Consolidated, YoY)
Net Profit stood at Rs 7,018.71 crore vs Rs 4,402.61 crore
Net Interest Income was Rs 12,605 crore vs Rs 10,431 crore
Gross NPAs stood at 3.6% vs 4.13% in Q3 FY22
Net NPAs stood at 0.76% vs 0.85% in Q3 FY22
Pledged Shares Details
INEOS Styrolution India: Promoter Group INEOS Styrolution APAC Pte sold 24.28 Lakh shares on April 19-20.
Sakthi Sugars: Asset Reconstruction Company India Ltd. sold 8.50 lakh shares (7.15%) at 20.96 apiece.
Triveni Enterprise: Vanraj Dadbhai Kahor bought 3.09 lakh shares (0.54%) at Rs 8.87 apiece.
Price band revised from 20% to 5%: Navkar Corporation, Suryoday Small Finance Bank
Ex-date buyback: GAIL India
Moved into short-term ASM framework: BLS International, Lyka Labs, Uttam Sugar Mills
Moved out of short-term ASM framework: Magnum Ventures, Tata Teleservices (Maharashtra)