Stock Market Today: All You Need To Know Going Into Trade On Aug. 6

Japan's benchmark bounced back from historic loss of Monday, while the currency lost some ground against the greenback after US futures rose.

At 7:30 a.m., the Nikkei 225 was 8.7% higher at 3,4105.15 on Tuesday after it slumped 12.40% the previous day. The Kospi and S&P ASX 200 were trading 3% and 0.29% higher, respectively.

Markets from New York to London and Tokyo were battered. Nearly 90% of S&P 500 stocks were affected. The tech sector was hit hardest.

The S&P 500 and Nasdaq Composite fell 3.00% and 2.43%, respectively, as of Monday. The Dow Jones Industrial Average was down 2.60%.

Brent crude was trading 0.52% higher at $77.21 a barrel as of 7:37 a.m. Gold was flat at $2,415.8 an ounce.

The GIFT Nifty was trading 0.81% or 196 points higher at 24,318.00 as of 07:04 a.m.

The Indian benchmark indices ended at over a month low on Monday as Reliance Industries Ltd. and HDFC Bank Ltd. declined. The NSE Nifty 50 ended 662.10 points or 2.68%, lower at 24,055.60, the lowest since June 28. The S&P BSE Sensex ended 2,222.55 points or 2.74%, down at 78,759.40, the lowest level since June 26.

Overseas investors sold the highest amount of stocks since June 4, 2024, when they offloaded Rs 12,436 crore worth of equities on the day of the Lok Sabha election results.

Foreign portfolio investors offloaded equities worth Rs 10,073.7 crore for a second consecutive session, while domestic investors have bought the highest amount of stocks so far this year. They remained net buyers for the second consecutive session and mopped up equities worth Rs 9,155.5 crore, according to provisional data from the National Stock Exchange.

The Indian currency weakened 9 paise to end a record closing low of 83.84 against the US dollar.

Bharti Airtel Q1 FY25 (Consolidated, QoQ)

• Revenue up 2.4% at Rs 38,506.40 crore versus Rs 37,599.10 crore (Bloomberg estimate: Rs 39,096.4 crore).

• Ebitda up 1.8% at Rs 19,708 crore versus Rs 19,365 crore (Bloomberg estimate: Rs 20,591 crore).

• Ebitda margin at 51.2% versus 51.5% (Bloomberg estimate: 52.7%).

• Net profit up 128% at Rs 4,717.50 crore versus Rs 2,068.20 crore (Bloomberg estimate: Rs 3,661.4 crore).

• Mobile services ARPU up 1% at Rs 211 vs Rs 209. 

• Profit above estimates on account of one-time interest waiver on variable license fees worth Rs 735 crore in current quarter.

Tata Chemicals Q1 FY25 (Consolidated, YoY)

• Revenue down 10.18% at Rs 3,789 crore versus Rs 4,218 crore (Bloomberg estimate Rs 3,761 crore).

• Ebitda down 44.96% at Rs 574 crore versus Rs 1,043 crore (Bloomberg estimate Rs 582 crore).

• Ebitda margin down 957 bps at 15.14% versus 24.72% (Bloomberg estimate 15.5%).

• Net profit down 67.63% at Rs 190 crore versus Rs 587 crore (Bloomberg estimate Rs 192 crore).

ONGC Q1 FY25 (Cons, QoQ)

• Revenue down 0.13% at Rs 1,66,567.75 crore versus Rs 1,66,770.63 crore.

• Ebitda down 6.2% at Rs 21,785.27 crore versus Rs 23,225.21 crore.

• Margin at 13.07% versus 13.92% down 84 bps.

• Net profit down 11.19% at Rs 10,235.64 crore versus Rs 11,526.53 crore.

V-MART Q1 FY25 (YoY)

• Revenue up 16% at Rs 786 crore versus Rs 679 crore (Bloomberg estimate Rs 786 crore.

• Ebitda up 87% at Rs 99 crore versus Rs 53 crore (Bloomberg estimate Rs 74.1 crore).

• Margin at 12.6% versus 7.8% (Bloomberg estimate 9.4%).

• Net profit at Rs 12 crore versus loss of Rs 22 crore (Bloomberg estimate net loss of Rs 15.5 crore).

Bharti Hexacom Q1 FY25 (QoQ)

• Revenue up 2% at Rs 1,911 crore versus Rs 1,868 crore.

• Ebitda down 0.2% at Rs 876 crore versus Rs 878 crore.

• Ebitda margin at 45.8% versus 47%.

• Net profit up 129% at Rs 511 crore versus Rs 223 crore.

Deepak Nitrite Q1 FY25 (Consolidated, YoY)

• Revenue up 23% at Rs 2,167 crore versus Rs 1,768 crore (Bloomberg estimate Rs 2,129 crore).

• Ebitda up 47% at Rs 309 crore versus Rs 210 crore (Bloomberg estimate Rs 314 crore).

• Ebitda margin at 14.3% versus 11.9% (Bloomberg estimate 14.7%).

• Net profit up 35% at Rs 203 crore versus Rs 150 crore (Bloomberg estimate Rs 210.5 crore).

Sandur Manganese (Consolidated, YoY)

• Revenue up 65.8% at Rs 602 crore versus Rs 363 crore.

• Ebitda up at Rs 191 crore versus Rs 59 crore.

• Margin at 31.7% versus 16.2%.

• Net profit up at Rs 144 crore versus Rs 40 crore.

Brigade Enterprises Q1 FY25 (Cons, YoY)

• Revenue up 64.8% at Rs 1,078 crore versus Rs 654 crore (Bloomberg estimate Rs 1,031 crore).

• Ebitda up 67.3% at Rs 293 crore versus Rs 175 crore (Bloomberg estimate Rs 273 crore).

• Margin at 27.2% versus 26.8% (Bloomberg estimate 26.5%).

• Net profit up at Rs 80.5 crore versus Rs 21.9 crore (Bloomberg estimate Rs 97 crore).

BEML Q1 FY25 (Consolidated, YoY)

• Revenue up 9.9% at Rs 634 crore versus Rs 577 crore (Bloomberg estimate Rs 618 crore).

• Ebitda loss of Rs 50 crore versus loss of Rs 50 crore (Bloomberg estimate Ebitda loss of Rs 529 crore).

• Net loss of Rs 70 crore versus loss of Rs 75 crore (Bloomberg estimate Rs 750 crore).

Schneider Electric Q1 FY25 (Consolidated, YoY)

• Revenue up 19.8% at Rs 593 crore versus Rs 495 crore.

•  Ebitda up 66.8% at Rs 81.9 crore versus Rs 49.1 crore.

• Margin up at 13.8% versus 9.9%.

•  Net profit up 37.1% at Rs 48 crore versus Rs 35 crore.

GSFC Q1 FY25 (Consolidated, YoY)

• Revenue up 4.8% at Rs 2,163 crore versus Rs 2,063 crore.

• Ebitda down 22.5% at Rs 110 crore versus Rs 142 crore.

• Margin at 5.1% versus 6.9%.

• Net profit down 22.3% at Rs 87 crore versus Rs 112 crore.

Triveni Turbine Q1 FY25 (Consolidated, YoY)

• Revenue up 23.1% at Rs 463 crore versus Rs 376 crore (Bloomberg estimate Rs 445 crore).

• Ebitda up 33.8% at Rs 95 crore versus Rs 71 crore (Bloomberg estimate Rs 86 crore).

• Margin at 20.5% versus 18.9% (Bloomberg estimate 19.3%).

• Net profit up 31.1% at Rs 80 crore versus Rs 61 crore (Bloomberg estimate Rs 71 crore).

Motherson Sumi Q1 FY25 (Consolidated, YoY)

• Revenue up 16.7% at Rs 2,185 crore versus Rs 1,872 crore (Bloomberg estimate Rs 2,184 crore).

• EBITDA up 14.9% at Rs 239 crore versus Rs 208 crore (Bloomberg estimate Rs 259 crore).

• Margin at 10.9% versus 11.1% (Bloomberg estimate 11.8%).

• Net profit up 21.1% at Rs 149 crore versus Rs 123 crore (Bloomberg estimate Rs 165 crore).

BLS International (Consolidated, YoY)

• Revenue up 29% at Rs 493 crore versus Rs 383 crore.

• Ebitda up 69% at Rs 134 crore versus Rs 79 crore.

• Ebitda margin at 27.2% versus 20.7%.

• Net profit up 70% at Rs 121 crore versus Rs 71 crore.

• Board approves raising up to Rs 2,000 crore via QIP or other means.

3M India, Bajaj Electricals, Bata India, Blue Jet Healthcare, Blue Star, BOSCH, Chambal Fertilizers and Chemicals, Cummins India, EIH Hotels, Fortis Healthcare, Fusion MicroFinance, Gland Pharma, Graphite India, Gujarat Gas, Gulf Oil Lubricants India, IIFL Finance, Indigo Paints, J. Kumar Infraprojects, Linde India, Lupin, NCC, Power Finance Corporation of India, PI Industries, PB Fintech, Raymond, Shree Cement, Solar Industries, Symphony, Tata Power, TVS Motor, Vedanta, and VIP Industries.

• Emami, Marico, Dabur, and Pidilite Industries: Indian consumer goods companies operating in Bangladesh will be in focus after the recent political turmoil following the ouster of PM Sheikh Hasina.

• Adani Energy Solutions: The company raised Rs 8,373 crore through QIP. The QIP saw six times the demand of the base deal size. The QIP proceeds are to be used for investment in transmission assets, smart metering businesses, and debt repayment.

• Biocon: The company received an Establishment Inspection Report with Voluntary Action Indicated from the US FDA for the Visakhapatnam API facility.

• Aurobindo Pharma: The US FDA inspected the arm's Bhiwadi manufacturing facility and closed with an 'Official Action Indicated' classification.

• Aster DM Healthcare: Nitish Shetty resigned as CEO effective today.

• Power Mech Projects: The company received an order worth Rs 111 crore for a captive power plant in Nigeria.

• Akums Drugs and Pharmaceuticals: The company's shares will debut on the stock exchanges on Tuesday at an issue price of Rs 679 apiece. The Rs 1856.74-crore IPO was subscribed to 63.56 times on its third and final day. Bids were led by institutional investors (90.09 times), retail investors (20.30 times), non-institutional investors (42.21 times), and employees reserved (4.27 times).

• Brainbees Solutions: The company will offer its shares for bidding on Tuesday. The price band is set from Rs 440 to Rs 465 per share. The Rs 4193.73-crore IPO is a combination of a fresh issue of Rs 1,666 crore and the rest of the offer for sale. The company has raised Rs 1,885 crore from anchor investors.

• Unicommerce eSolutions: The company will offer its shares for bidding on Tuesday. The price band is set from Rs 102 to Rs 108 per share. The Rs 276.57-crore IPO is entirely an offer for sale. The company has raised Rs 124 crore from anchor investors.

• Ceigall India: The public issue was subscribed to 13.78 times on day 3. The bids were led by qualified institutional investors (31.5 times), non-institutional investors (14.42 times), retail investors (3.77 times) and reserved for employees (11.55 times).

• Ola Electric Mobility: The public issue was subscribed to 1.06 times on day 2. The bids were led by qualified institutional investors (0.4 times) retail investors (2.87 times) and reserved for employees (8.98 times) and non-institutional investors (1.11 times).

• Eraaya Lifespaces: Share India Securities sold 1.06 lakh shares (0.7%) at Rs 797.89 apiece.

• Aavas Financiers: Smallcap World Fund Inc. bought 5.01 lakh shares (0.63%) at Rs 1630 apiece.

• Huhtamaki India: Plutus Wealth Management LLP bought 5 lakh shares (0.66%) at Rs 416.49 apiece.

• Inox Green Energy Services: Promoter Inox Wind Limited released a pledge for 45 lakh shares on July 31.

• Apollo Hospitals Enterprises: Promoter Suneeta Reddy revoked a pledge for 6.35 lakh shares on August 2.

• Ex/record Dividend: Grasim Industries, IPCA Laboratories, Usha Martin, TCI Express, LT Foods, West Coast Paper Mills, TD Power Systems.

• Ex/record AGM: Grasim Industries, IPCA Laboratories, Usha Martin, TCI Express, West Coast Paper Mills, VA Tech Wabag, Suven Pharmaceuticals, EID Parry India, TD Power Systems.

• Moved in short-term Framework: Neuland Laboratories, PCBL, Selan Exploration Technology, TCPL Packaging.

• Moved out short-term Framework: Navkar Corporation.

• Nifty August futures down by 2.5% to 24,102.95 at a premium of 58 points.

• Nifty August futures open interest down by 3.63%.

• Nifty Bank August futures down by 2.49% to 50,215 at a premium of 123 points.

• Nifty Bank August futures open interest up by 13.52%.

• Nifty Options August 8 Expiry: Maximum Call open interest at 26,000 and Maximum Put open interest at 24,000. 

• Bank Nifty Options August 7 Expiry: Maximum Call Open Interest at 52,000 and Maximum Put open interest at 50,000.

• Securities in ban period: Aditya Birla Capital, Birlasoft, Chambal Fertilizers, GNFC, Granules, Hindustan copper, India Cements, India Mart, and RBL Bank.

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