Stocks To Watch: Apollo Hospitals, Jio Financial, Hero Moto, Sun Pharma

The stocks of Apollo Hospitals Enterprise Ltd., Bharat Dynamics Ltd. and Welspun Corp. will be in focus after it announced its quarterly earnings on Thursday.

The board of directors of Sunteck Realty Ltd. has approved the resolution to raise Rs 2,250 crore through private placement and issue of equity shares, after the approval of shareholders.

NSE Indices Ltd. has launched India’s first index focused on electric mobility, highlighting the once-in-a-century shift underway in the wider automotive sector.

Asia Pacific markets were trading higher early Friday on expectations of the Federal Reserve rate cuts this year as US economic data signalled slowing momentum.

The Nikkei 225 was 156 points or 0.41% up at 28,215, and the S&P ASX 200 was 51 points or 0.68% higher at 7679, as of 06:37 a.m.

Traders in Wall Street traders sent US stocks down for the second consecutive session and bonds up after the latest round of economic data signalled momentum is slowing.

The S&P 500 Index and Nasdaq Composite fell 0.60% and 1.08%, respectively, as of Thursday. The Dow Jones Industrial Average fell 0.86%.

Brent crude was trading 0.16% lower at $81.73a barrel. Gold rose 0.14% to $2,346.25 an ounce.

The GIFT Nifty was trading 16.50 points or 0.07% down at 22,693.5 as of 06:37 a.m.

The Indian benchmark equity indices fell for the fifth consecutive session on Thursday as heavyweights weighed on them. The NSE Nifty 50 closed 216.05 points, or 0.95%, down at 22,488.65, while the S&P BSE Sensex ended 617.30 points, or 0.83%, lower at 73,885.60.

Overseas investors of Indian equities remained net sellers on Thursday for the second straight session. Foreign portfolio investors offloaded stocks worth Rs 3,050.2 crore, and domestic institutional investors stayed net buyers for eight straight sessions and mopped up equities worth Rs 3,432.9 crore, according to provisional data from the National Stock Exchange.

The Indian currency strengthened by 3 paise to close at Rs 83.32 against the US dollar.

Bharat Dynamics Q4 FY24 (Consolidated, YoY)

• Revenue up 7% at Rs 854 crore versus Rs 798 crore (Bloomberg estimate Rs 865 crore.

• Ebitda up 72.5% at Rs 316 crore versus Rs 183 crore (Bloomberg estimate Rs 238 crore).

• Margin at 37% versus 23% (Bloomberg estimate 27.6%).

• Net profit up 89% at Rs 289 crore versus Rs 153 crore (Bloomberg estimate Rs 190 crore).

Apollo Hospitals Q4 FY24 Highlights (Consolidated, YoY)

• Revenue up 14.9% to Rs 4,944 crore versus Rs 4,302 crore (Bloomberg estimate: Rs 4,945 crore).

• Ebitda up 31.2% to Rs 641 crore versus Rs 488 crore (Bloomberg estimate: Rs 637 crore).

• Ebitda margin at 13% versus 11.3% (Bloomberg estimate: 12.9%).

• Net profit up 77.5% to Rs 258 crore versus Rs 146 crore (Bloomberg estimate: Rs 265 crore).

• The board has recommended a final dividend of Rs 10 per share.

Welspun Corp Q4 FY24 (Consolidated, YoY)

• Revenue up 9.6% at Rs 4,461 crore versus Rs 4,070 crore.

• Ebitda down 21.5% at Rs 330 crore versus Rs 421 crore.

• Margin at 7.4% versus 10.3%.

• Net profit up 19.7% at Rs 287 crore versus Rs 240 crore.

Swan Energy Q4 FY24 (Consolidated, YoY)

• Revenue up 49.8% at Rs 1,398 crore versus Rs 933 crore.

• Ebitda down 50.6% at Rs 118 crore versus Rs 238 crore.

• Margin at 8.4% versus 25.5%.

• Net profit down 10.6% at Rs 56 crore versus Rs 62 crore.

• Sunteck Realty: The company approved raising up to Rs 2,250 crore through private placement and issue of equity shares, post the approval of shareholders. The company is to raise Rs 1,500 crore through private placement basis in one or more tranches and Rs 750 crore by way of equity shares or other securities convertible into equity.

• Subex: The company’s arm won a contract worth $1.1 million from a telecom operator in Europe for fraud management on the HyperSense AI /ML platform.

• Jio Financial Services: The company unveils the JioFinance App in a Beta version, marking a significant step forward in its digital transformation journey to enhance the financial well-being of every Indian.

• Hero MotoCorp: The company launched the Splendor+ model at Rs 82,911 ex-showroom price in Delhi.

• Aarti Industries: The board appointed Suyog Kalyanji Kotecha as CEO effective June 17. CEO Rajendra V Gogri to continue to be Chairman and MD of the company.

• Orient Electric: The board appointed Ravindra Singh Negi as MD for 5 years effective May 31 designated as MD & CEO.

• Tube Investments: The company arm acquired a 23.69% stake in IPLTech Electric for Rs 185 crore. The company’s stake now stands at 89.46% from 65.77% earlier.

• Krishna Institute of Medical Sciences: The company through its Subsidiary KIMS Hospital Bengaluru Private has entered into a lease agreement for setting up a Super Specialty Hospital in Bengaluru, Karnataka, with the Peoples Education Society.

• Kewal Kiran: The company acquired a 50% stake in Kraus Casuals for Rs 166.51 crore.

• ICICI Prudential Life: IRDAI approved the appointment of Sandeep Batra as Chairman effective June 30.

• Sun Pharma: The company to acquire a 14.3% stake in the Indian Foundation for Quality Management for Rs 12.5 crore.

• R R Kabel: TPG Asia VII SF PTE sold 56.33 lakh shares (4.99%), while Mirae Asset Mutual Fund bought 11.46 lakh shares (1.01%), HDFC Standard Life Insurance bought 8.5 lakh shares (0.75%), Edelweiss Mutual Fund bought 5.29 lakh shares (0.46%) and among others at Rs 1,701 apiece.

• Awfis Space Solutions: Goldman Sachs FDS Goldman Sachs India EQ Portfolio bought 10.75 lakh shares (1.55%) at Rs 438.18 apiece.

• IRB Infrastructure Developers: IRB Holding Private sold 10.50 crore shares (1.73%) at Rs 64.32 apiece, Irb Holding Private Limited sold 12 crore shares (1.98%) at Rs 64.12 apiece.

• KFin Technologies: General Atlantic Singapore Fund PTE Ltd sold 1 crore shares (5.87%) at Rs 712.81 apiece, Employees Provision Fund Managed Byaberdeen Asset Management SDN BHD bought 12.21 lakh shares (0.71%) at Rs 712.5 apiece, Societe Generale bought 20.35 lakh shares (1.19%) at Rs 712.5 apiece, Morgan Stanley Asia Singapore Pte bought 10.63 lakh shares (0.62%) at Rs 712.5 apiece.

• Divis Laboratories: Promoter Divi Madhusudana Rao sold 55,000 shares between May 28 and 29.

• D B Corp: Promoter Girish Agarwal bought 1.51 lakh shares between May 27 and 29, Pawan Agarwal bought 1.64 lakh shares between May 27 and 29, Promoter Sudhir Agarwal bought 39,749 shares.

• Cantabil Retail India: Promoter Vijay Bansal acquired 3.75 lakh shares Between May 24 and May 29.

• Wardwizard Innovations and Mobility: Promoter Aevas Business Solutions sold 5 lakh shares on May 27. Promoter Wardwizard Solutions India sold 10 lakh shares between May 28 and 29.

• Kalyan Jewellers: Promoter Geethalakshmi T S sold 50,500 shares on May 29.

• Ex/record dividend: Advani Hotels and Resorts, Sundaram Finance Holdings, Page Industries, Muthoot Finance, Indian Energy Exchange, GlaxoSmithKline Pharmaceuticals, Infosys, Havells, JSW Energy, Caplin Laboratories.

• Ex/record AGM: Infosys, Havells.

• Moved out of short-term ASM framework: Indian Hume Pipe Company, Kirloskar Pneumatic Company, Rolex Rings, Tejas Networks.

• Nifty June futures down by 0.89% to 22,627.35 at a premium of 138.7 points.

• Nifty June futures open interest up by 48%.

• Nifty Bank June futures up by 0.24% to 49,037.4 at a premium of 355 points.

• Nifty Bank June futures open interest up by 12.06%.

• Nifty Options June 6 Expiry: Maximum Call open interest at 24,000 and Maximum Put open interest at 21,000.

• Bank Nifty Options May 29 Expiry: Maximum Call Open Interest at 53,000 and Maximum Put open interest at 40,000.

• Securities in ban period: Nil