Stock Market Today: All You Need To Know Going Into Trade On May 21
Stocks in the news, big brokerage calls of the day, complete trade setup and much more!
Most markets in Asia-Pacific reversed gains in early trade Tuesday as commodities' prices rose with gold trading near record high on geopolitical tension in Ukraine and West Asia.
The S&P ASX 200 was 14.90 points or 0.19% lower at 7,848.80, and the KOSPI was 13.53 points or 0.49% down at 2,728.61 as of 6:49 a.m.
U.S. markets closed higher on Monday as investors remained positive about Nvidia Corp's earning following bullish analysts' call, Bloomberg reported.
The S&P 500 and Nasdaq composite settled 0.09% and 0.65% higher respectively on Monday. The Dow Jones Industrial Average index settled 0.49% lower.
Prices of Brent Crude's July futures was trading 0.18% lower at $83.53 as of 06:51 a.m.
Gold futures rose 1.52% to $2,454 on Monday, marking the highest level as traders flock to the safe haven on risk off sentiment due to tension in West Asia, and Ukraine. It was trading 0.18% higher at $2,429.68 as of 06:51 a.m.
The GIFT nifty was trading 7 points or 0.03% higher at 22,609.50 as of 06:52 a.m.
The Indian markets traded on Saturday as the national bourses conducted a special trading session for an easy switch over to a disaster recovery site. The equity benchmark indices extended its winning streak to its third day on Saturday as the benchmark indices ended higher on both of the special sessions.
The S&P BSE Sensex closed 88.91 points or 0.12%, higher at 71,005.94, while the NSE Nifty 50 advanced 35.9 points or 0.16%, to end at 22,502. During the day, the Sensex rose as much as 0.33% to 74,162.76, while the Nifty declined 0.24% to 22,520.25.
Earnings in Focus
BHEL, NMDC, Eris Lifesciences Ltd, Metropolis Health and JK Tyre will be among the major firms to report their fourth quarter earnings on Tuesday.
PI Industries, Hitachi Energy (Q1), GE T&D, Ircon, Maharashtra Seamless, Aether Industries, Sheela Foam, Galaxy Surfactants, Rategain, Laxmi Organic, Arvind Fashions, Gulf Oil Lubricants, VA Tech Wabag, Greenply, Dollar Industries, Fiem Industries, Mayur Uniquoters, Action Construction and Godawari Power are the other companies expected to report their earnings on Tuesday.
Here are the earnings estimates of major companies that are scheduled to announce their results on Tuesday:
Earnings Post Market Hours
ONGC (Q4, Standalone QoQ)
Net profit down 0.23% to Rs 9,869.37 crore.
Revenue down 0.44% to Rs 34,636.69 crore.
Ebitda up 3.63% to Rs 15890.73.
Margin at 45.88% versus 44.08%.
Amber Enterprises (Q4, YoY)
Net profit down 8.4% to Rs 99 crore.
Revenue down 6.6% to Rs 2,805 crore.
Ebitda up 9% to Rs 222 crore.
Margin at 7.9% versus 6.8%.
Ujjivan Small Finance Bank (Q4, YoY)
Net profit up 6.5% to Rs 330 crore.
Net interest income up 26% to Rs 934 crore.
Net NPA at 0.28% versus 0.17% (QoQ)
Gross NPA at 2.23% versus 2.18% (QoQ)
Board recommends final dividend of Rs 1.5/share
IFGL Refractories (Q4, Consolidated YoY)
Net profit down 57.3% to Rs 13 crore.
Revenue up 7% to Rs 394 crore.
Ebitda down 28% to 35 crore.
Margin at 8.8% versus 13.1%.
Board recommends final dividend of Rs 7 per share.
Anupam Rasayan (Q4, Consolidated YoY)
Net profit down 44.3% to Rs 40 crore.
Revenue down 16.5% to Rs 401 crore
Ebitda down 21% to Rs 93 crore.
Margin at 23.1% versus 24.4%.
Trident (Q4, Consolidated YoY)
Net profit down 54.8% to Rs 59 crore.
Revenue up 6.9% to Rs 1,682 crore.
Ebitda down 24.2% to Rs 202 crore.
Margin at 12% versus 16.9%.
Data Patterns (Q4, YoY)
Net profit up 28.4% to Rs 71 crore.
Revenue down 1.5% to Rs 182 crore.
Ebitda up 26.8% to Rs 93 crore.
Margin at 51% versus 39.6%.
Board recommends final dividend of Rs 6.5 per share.
Krsnaa Diagnostics (Q4, Consolidated YoY)
Net profit down 1.1% to Rs 18.7 crore.
Revenue up 24.8% to Rs 166 crore.
Ebitda up 27% to Rs 44 crore.
Margin at 26.3% versus 25.9%.
Rainbow Children's Medicare (Q4, Consolidated YoY)
Net profit down 5.3% to Rs 51 crore.
Revenue up 7.6% to Rs 341 crore.
Ebitda up 7.7% to Rs 106 crore.
Margin flat at 30.9%.
Board recommends final dividend of Rs 3 per share
India Cements (Q4, Consolidated YoY)
Revenue down 15% to Rs 1,267 crore.
Net loss at Rs 61 crore versus loss of Rs 227 crore.
Ebitda profit at Rs 38 crore versus Ebitda loss of Rs 47 crore.
Margin at 2.9%.
VRL Logistics (Q4, YoY)
Net profit down 89% to Rs 22 crore.
Revenue up 10% to Rs 768 crore.
Ebitda down 7.7% to Rs 105 crore.
Margin at 13.7% versus 16.3%.
Apollo Pipes (Q4, YoY)
Net profit down 57% to Rs 6.5 crore.
Revenue down 2.8% to Rs 245 crore.
Ebitda down 18% to Rs 24 crore.
Margin at 9.7% versus 11.5%.
Oil India (Q4, QoQ)
Net profit up 28% to Rs 2,029 crore.
Revenue down 1% to at Rs 5,527 crore.
Ebitda up 11% to Rs 2,336 crore.
Margin at 42.3% versus 39.6%.
Board approves a dividend of Rs 3.75 per share.
IRFC (Q4, YoY)
Total income up 5% to Rs Rs 6,473 crore.
Net profit up 34% to Rs 1,717 crore.
BEL (Q4, Consolidated YoY):
Net profit up 30% to Rs 1,797 crore.
Revenue up 32% to Rs 8,564 crore.
Ebitda up 25% to Rs 2,287 crore.
Margin at 26.7% versus 28.3%.
City Union Bank (Q4, YoY)
Net profit up 17% to Rs 255 crore.
NII up 12% to Rs 547 crore.
Net NPA at 1.97% versus 2.19% (QoQ)
Gross NPA at 3.99% versus 4.47% (QoQ)
Whirlpool (Q4, YoY)
Net profit up 25% to Rs 79 crore.
Revenue up 3.6% to Rs 1,734 crore.
Ebitda up 36% to Rs 144 crore.
Margin at 8.3% versus 6.3%.
Board recommends a final dividend of Rs 5 per share.
Chemplast Sanmar (Q4, Consolidated YoY)
Net loss at Rs 31 crore versus net profit of Rs 46 crore.
Revenue down 8% to Rs 1,051 crore.
Ebitda down 79% to Rs 21 crore.
Margin at 2% versus 8.5%.
Triveni Engineering (Q4, Consolidated YoY)
Net profit down 15.4% to Rs 161 crore.
Revenue down 15% to Rs 1,548 crore.
Ebitda down 6.7% to Rs 246 crore.
Margin at 15.9% versus 14.5%.
SAIL (Q4, Consolidated YoY)
Net profit down 2.8% to Rs 1,126 crore.
Revenue down 4% to Rs 27,958 crore.
Ebitda up 19% to Rs 3,482 crore.
Margin at 12% versus 10%.
Board recommends final dividend of Re 1 per share
Rolex Rings (Q4, YoY)
Net profit down 49% to Rs Rs 23.6 crore.
Revenue up 5.6% to Rs 316 crore.
Ebitda up 11.5% to Rs 72 crore.
Margin at 22.7% versus 21.5%.
Carysil (Q4, Consolidated YoY)
Net profit up 26% to Rs 15.8 crore.
Revenue up 31% to Rs 191 crore.
Ebitda up 31.5% to Rs 34.5 crore.
Margin at 18.1% versus 18%.
Prataap Snack (Q4, Consolidated YoY)
Net profit down 43% to Rs 12.4 crore.
Revenue down 3% to at Rs 387 crore.
Ebitda up 5% to Rs 32.5 crore.
Margin at 8.4% versus 7.8%.
Nesco (Q4, YoY)
Net profit up 24% to Rs 105 crore.
Revenue up 20% to Rs 189 crore.
Ebitda up 17% to Rs 117 crore.
Margin at 61.9% versus 63.7%.
Power Mech Projects (Q4, Consolidated YoY)
Net profit up 12% to Rs 84 crore.
Revenue up 11% to Rs 1,302 crore.
Ebitda up 15% to Rs 150 crore.
Margin at 11.5% versus 11.2%.
Stocks to Watch
IFGL Refractories: Company re-appointed James Leacock McIntosh as managing director for three years from Sept. 1
Patel Engineering: Acquired 10% stake in Shail Tunnelling & Infra for Rs 51,000.
Marine Electricals: Received order worth Rs 29 crore from McGeoch Technology for supply of switchboards.
Lupin: US FDA concluded pre-approval inspection at New Jersey manufacturing facility. The FDA closed inspection at New Jersey facility with issuance of Form-483 and six observations.
Jupiter Wagons: Board approved issuance of convertible warrants worth up to Rs 135 crore.
Solara Active Pharma: US FDA inspection at Vishakhapatnam facility closed with zero observations.
RVNL: Received order worth Rs 148 crore from South Eastern Railway for electric traction system
Oil India: Board recommended issue of bonus shares in the ratio of 1:2. Board set July 2, 2024 as record date for bonus share issue.
IRFC: Board approved 2024-25 borrowing of up to Rs 50,000 crore via bonds from domestic and international markets.
Dish TV: Board approved convening EGM of shareholders at 11:30 a.m. on June 14.
Godrej Properties: Acquired 10 land parcels in fiscal 2024 to build projects worth Rs 21,000 crore, PTI reported.
Kalpataru Projects: Signed three Aramco contracts worth approximately Rs 7,550 crore for three packages of third expansion phase of Master Gas System Network in Saudi Arabia.
Biocon Biologics: Received US FDA approval for Yesafili Bla.
Bharti Airtel: Step-down arm repays $550 million worth senior notes.
HDFC Bank: To acquire additional 1.81% stake in Sewa Grih Rin for Rs 17 crore.
ESAF Small Finance Bank: The board approved the appointment of George Kalapa Ambil John as whole-time director, designated as executive director, for three years.
IDFC Bank: Shareholders approved the merger with IDFC First Bank.
HFCL: The company's Netherlands based arm acquired 100% stake in Poland-based Blue Diwali.
Tata Steel: Company signed pact with National Grid for Port Talbot. National Grid will build new electrical infrastructure.
Telecom shares: Department of Telecommunication said that Jio, Vodafone Idea and Bharti Airtel are the final bidders.
RITES: Company inked pact with Bangladesh Railway for supplying 200 passenger coaches for Rs 915 cr.
BLS International: Company has incorporated subsidiaries in Columbia and Peru.
Deepak Nitrite: Declared dividend of Rs 7.5 per share.
Anand Rathi Wealth: Record date for share buyback is June 3.
IPO Offering
Go Digit General Insurance: The public issue was subscribed to 9.6 times on day 3. The bids were led by institutional investors (12.56 times), non-institutional investors (7.24 times), retail investors (4.27 times).
Block Deal
PB Fintech: Yashish Dahiya sold 54 lakh shares (1.19%), AlokBansal sold 29.7 lakh shares (0.65%), while Societe Generale - Odi bought 15.95 lakh shares (0.35%), Morgan Stanley Asia (Singapore) PTE - ODI bought 14.65 lakh shares (0.32%) and among others at Rs 1325.15 apiece.
Bulk deal
Thirumalai Chemicals: Nilesh Kishor Shah bought 5.23 lakh shares (0.51%) at Rs 263.92 apiece.
Who's Meeting Whom
Oil India: To Investors' and Analysts' meet rescheduled to May 28.
Paytm: To meet investors and analysts and attend Citi and UBS Conference from May 23-30.
Trading Tweaks
Moved out of short-term ASM framework: Allsec technologies, Cartrade tech, Suraj Estates Developers.
Moved into short-term ASM framework: Honeywell Automation India, Semac Consultants.
F&O Cues
Nifty May futures are up by 0.19% to 22,540.5 at a premium of 42.80 points.
Nifty May futures open interest down by 0.34%.
Nifty Bank May futures are up by 0.18% to 48,280.9 at a premium of 85.80 points.
Nifty Bank May futures open interest down by 0.89%.
Nifty Options May 23 Expiry: Maximum call open interest at 23,000 and maximum put open interest at 21,500.
Bank Nifty Options May 22 Expiry: Maximum Call Open Interest at 50,000 and Maximum Put open Interest at 46,000.
Securities in ban period: AB Capital, Balrampur Chini Mills, Bandhan Bank, Biocon, Birlasoft, GMR Infra, Granules, Hindustan Copper, Vodafone Idea, India Cements, Piramal Enterprise, Sail, and Zee Entertainment Enterprise.
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Money Market Update
The Indian currency strengthened by 17 paise to close at 83.33 against the U.S dollar.
