Stocks To Watch Today: IndiGo, Adani Enterprises, Britannia, LIC, Vodafone Idea
All you need to know before going into trade today.
Asian stocks advanced on Thursday after a US rally triggered by earnings and robust economic data.
Shares rose in Japan, Australia and South Korea amid Wall Street surge that deposited the S&P 500 close to a two-month high. At 6:45 am, the Singapore-traded SGX Nifty -- an early barometer of India's benchmark Nifty 50 -- traded 0.47% higher at 17,521 points.
Federal Reserve officials again signaled they will do what’s required to tackle high inflation with rate increases. The dollar fluctuated and oil held a plunge on signs of slowing demand in a US inventory report. Gold was steady and Bitcoin slid below $23,000.
Stocks To Watch
Balrampur Chini/Triveni Engineering/other sugar stocks: Government increased the remunerative price for sugarcane to Rs 305/quintal from Rs 290/quintal.
Vodafone Idea: The company appointed Ravinder Takkar as the Non-Executive Chairman of the board with effect from Aug 19. Himanshu Kapania will step down on Aug 18. Takkar's term as CEO and MD will also end on Aug 18.
Bharti Airtel: The company signed 5G network agreements with Ericsson, Nokia and Samsung. Deployment of 5G to commence in August 2022.
AU small Finance Bank: The bank has offered 2.81 crore shares via Qualified Institutional Placement, according to Bloomberg citing Termsheet. The shares are offered in the price range of Rs 570-590 apiece, representing a discount of 3.2% to 6.5% to Wednesday’s close. The floor price has been set at Rs 590.84 apiece. There is an upsize option of 70 lakh shares, Bloomberg added.
Wipro: The company extended its strategic alignment with Nokia for digitization and automation of Nokia’s operations.
LIC: Enters into latest Fortune Global 500 list. The nation's biggest life insurance has been ranked 98th on the list.
Earnings: Adani Enterprises, GAIL, Dabur, Britannia Industries, Blue Star, Bharat Heavy Elevtrical, Berger Paints, Container Corporation of India, Hindustan Petroleum Corporation, Dalmia Bharat, Gujarat Alkalies & Chemicals, Gujarat State Petronet, Glenmark Lifesciences, FDC, CERA Sanitaryware, BEML, Bayer Cropscience, Spandana Sphoorty Financial, Balrampur Chini, Balkrishna Industries, Alembic Pharma, REC, Praj Industries, Poly Medicure, Mannapuram Finance, LIC Housing Finance, Kalyan Jewelers, JB Chemicals, Infibeam Avenue, ICRA, Johnson Controls Hitachi, Kalpataru Power Transmission, Welspun, Thomas Cook
Earnings Post Market Hours
Adani Transmission Q1 FY23 (Consolidated, YoY)
Revenue up 11% at Rs 3,131.88 crore Vs Rs 2,829.65 crore (Bloomberg estimate: Rs 2,700.6 crore)
EBITDA fell 52% at Rs 673.25 crore Vs Rs 1405.97 crore (Bloomberg estimate: Rs 1,186.1 crore)
EBITDA margin 21% Vs 50%
Net profit fell 57% at Rs 185.99 crore Vs Rs 435 crore (Bloomberg estimate: Rs 259.7 crore)
Adani Wilmar Q1 FY23 (Consolidated, QoQ)
Revenue down 2% at Rs 14,731.62 crore Vs Rs 14,960.37 crore
EBITDA up 4% to Rs 443.09 crore Vs Rs 425.72 crore
EBITDA margins at 3% Vs 2.8%
Net profit down 17% to Rs 193.6 crore Vs Rs 234.29 crore
Lupin Q1 FY23 (Consolidated, YoY)
Revenue down 12% at Rs 3,744 crore Vs Rs 4,270 crore (Bloomberg estimate: Rs 4,035 crore)
EBITDA down 82% to Rs 164 crore from Rs 928 crore (Bloomberg estimate: Rs 412 crore Profit)
EBITDA margins at 4.4% Vs 21.7% (Bloomberg estimate: 10.2%)
Net loss of Rs 89 crore Vs net profit of Rs 542 crore (Bloomberg estimate: Rs 138 crore Profit)
InterGlobe Aviation Q1 FY23 (Standalone, QoQ)
Revenue rose 60% to Rs 12,855 crore vs Rs 8,021 crore (Bloomberg estimates: Rs 15,338 crore)
EBITDAR Rs 717 crore vs Rs 171.8 crore
EBITDAR margin 5.6% vs 2.1%
Net loss Rs 1,064 crore vs Rs 1,680 crore (Bloomberg estimate: Rs 1,694 crore)
Inox Leisure Q1 FY23 (Consolidated, QoQ)
Revenue up 83% at Rs 582.26 crore Vs Rs 317.72 crore
EBITDA up 2x at Rs 210.46 crore Vs Rs 98.32 crore
EBITDA margin 36% Vs 31%
Net profit at Rs 57.09 crore Vs net loss of 28 crore
Vodafone Idea Q1 FY23 (Consolidated, QoQ)
Revenue up 2% at Rs 10,410.1 crore Vs Rs 10,239.5 crore (Bloomberg estimate: Rs 10,329.8 crore)
EBITDA fell 7% at Rs 4,328.4 crore Vs Rs 4,649 crore (Bloomberg estimate: Rs 4,598.2 crore)
EBITDA margin 41.6% Vs 45.4% (Bloomberg estimate: 44.5%)
Net loss up 11% at Rs 7,296.7 crore Vs Rs 6,563 crore (Bloomberg estimate: Rs 6,237 crore loss)
Gujarat Gas Q1 FY23 (Consolidated, YoY)
Revenue up 72.5% at Rs 5,303.23 crore Vs Rs 3,074.15 crore
EBITDA fell 16% at Rs 606.61 crore Vs Rs 722.39 crore
EBITDA margin 11% Vs 23%
Net profit fell 20% at Rs 381.9 crore Vs Rs 475 crore
Redington Q1 FY23 (Consolidated, QoQ)
Revenue fell 3% at Rs 16,803.14 crore Vs Rs 17,301.76 crore
EBITDA fell 6% at Rs 461.82 crore Vs Rs 490.53 crore
EBITDA margin 2.75% Vs 2.84%
Net profit fell 9% at Rs 315.78 crore Vs Rs 348 crore
PI Industries Q1 FY23 (Consolidated, YoY)
Revenue up 29% at Rs 1543.2 crore Vs Rs 1193.8 crore
EBITDA up 39% at Rs 345.60 crore Vs Rs 248.9 crore
EBITDA margin 22% Vs 21%
Net profit up 40% at Rs 262.4 crore Vs Rs 187 crore
KEC International Q1 FY23 (Consolidated, YoY)
Revenue up 31% at Rs 3,318.08 crore Vs Rs 2,540 crore
EBITDA up 5% at Rs 168.43 crore Vs Rs 159.88 crore
EBITDA margin 5% Vs 6%
Net profit fell 33% at Rs 31.02 crore Vs Rs 46 crore
Pledge Share Details
Emami:
Promoter Group Sneha Enclave created a pledge of 12.7 lakh shares on August 1.
Promoter Group Suraj Finvest created a pledge of 70,000 shares on August 1 and revoked a pledge of 26 lakh shares on August 2.
Ajanta Pharma:
Promoter Aayush M Agrawal, trustee Aayush Agrawal Trust revoked a pledge of 11.25 lakh shares between August 1 and August 2, and created a pledge of 2.27 lakh shares on August 2.
Insider Trades
Maharashtra Seamless: Promoter Group Suddha Apparels bought 50,000 shares on July 29.
Astec LifeSciences: Promoter Godrej Agrovet bought 1.76 lakh shares between July 28 and July 29.
Just Dial: Promoter Group Ramani Iyer sold 7,912 shares between July 28 and July 29.
Craftsman Automation: Promoter Group Murali S sold 1.5 lakh shares on August 2.
Aditya Vision: Promoter Group Rashi Vardhan sold 55,000 shares on August 2.
Bulk Deals
Zomato: Fidelity Investment Trust Fidelity Series Emerging Markets Fund bought 5.44 (0.69%) crore shares at Rs 50.25 apiece. ICICI Prudential Life Insurance Company Limited bought 4.55 (0.57%) crore shares at Rs 50.25 apiece. Uber B.V. sold 61.2 crore (7.76%) shares at Rs 50.44 apiece
ADF Foods: Sixth Sense India Opportunities Iii bought 1.5 lakh (0.68%) shares Rs 710.05 apiece.
EPL: Norges Bank on Account Of The Government Pension Fund Global sold 31.63 lakh (1%) shares at Rs 168 apiece.
Who’s Meeting Whom
Max Ventures and Industries: To meet investors and analysts on August 8.
Motherson Sumi Wiring India: To meet investors and analysts on August 5.
Renaissance Global: To meet investors and analysts on August 10.
Cummins India: To meet investors and analysts on August 11.
Crompton Greaves Consumer Electricals: To meet investors and analysts on August 4.
Nippon Life India Asset Management: To meet investors and analysts on August 10.
KRBL: To meet investors and analysts on August 10.
Rossari Biotech: To meet investors and analysts on August 9.
PNC Infratech: To meet investors and analysts on August 10.
Patel Engineering: To meet investors and analysts on August 8.
Punjab National Bank: To meet investors and analysts on August 4.
Minda Industries: To meet investors and analysts on August 8.
Tata Steel: To meet investors and analysts on August 4.
Eicher Motors: To meet investors and analysts on August 10.
AGMs today
Larsen & Toubro
Aarti Drugs
Ajanta Pharma
Blue Star
Dalmia Sugar
MRF
Trading Tweaks
Price Band Revised From 20% To 10%: Butterfly Gandhimathi Appliances
Ex-Date Dividend: ELGI Equipments, Delta Corp, JK Lakshmi Cement, Kolte-Patil Developers, Apar Industries, Avanti Feeds, Bata India
Ex-Date Annual General Meeting: JK Lakshmi Cement, Apar Industries
Ex-Date Final Dividend: ADF Foods, Andhra Paper, Bayer CropScience, Bhagiradha Chemicals & Industries, Lloyds Metals And Energy, Lloyds Steels Industries, Matrimony.com, Voltamp Transformers
Ex-Date Interim Dividend: Crisil, RITES, Symphony
Record-Date Interim Dividend: Anupam Rasayan India, Coforge
Move Into Short-Term ASM Framework: Kansai Nerolac Paints
