Stock market essentials for July 27: Spectrum auction 2nd day; quarterly results of Bajaj Finance, MSI, Tata Motors

Photo : BCCL

Events Today

Telecom Spectrum Auction 2nd Day

On Day One, bids received for Rs 1.45 lakh crore

Board Meet

Gail to consider bonus issue

Results

Nifty

Bajaj Finance
Maruti Suzuki India
Tata Motors

Others:

Aarti drugs, APL Apollo Tubes Ltd, Biocon, Blue Dart, Colgate, Coromandel international, Dixon Tech, Guja-rat Fluorochemicals, Home First, IIFL FINANCE, JK Lakshmi Cement, Jindal Stainless (Hisar), Laurus labs, Laxmi Organic, Mishra Dhatu Nigam, Poonawalla Fincorp, Schaeffler India, Shriram City Union Finance, SKF India, Teamlease Services, United Breweries, V-Guard Industries, V.I.P. Industries, Welspun India, Latent View

AGMs

Bajaj Finance (3:30 p.m.)

Adani Green Energy (10 a.m.)

Adani Transmission (11 a.m.)

Adani Power (12 noon)

Federal Bank (11 a.m.)

Coromandel International (3:30 p.m.)

DEN Networks (4 p.m.)

Oil & Gas Updates

Brent Crude at $104.7/bbl Vs $104.5/bbl

Singapore GRM at $3.6/bbl Vs $0.83/bbl

Asia Spot Gas prices at $40.2/mmBtu Vs $39.4/mmBtu

Corporate Action

NCC: listing of shares issued to promoters on a preferential basis pursuant to conversion of warrants

Inflame Appliances: listing of shares issued to non-promoters on a preferential basis

DII/FII data

FIIs net sold worth Rs 1548.3 cr of shares on July 26 (prov)

DIIs net bought worth Rs 999.4 cr of shares on July 26

FII F&O Cash Data:

Index futures net sell Rs 924 cr

Index options net buy Rs 947 cr

Stock futures net sell Rs 632 cr

Stock options net buy Rs 173 cr

Total FII net sell Rs 436 cr in F&O

F&O Ban

Indiabulls Housing

Addition:- Delta Corp

Bulk/Block Deal

Sapphire Foods India

EDELWEISS CROSSOVER OPPORTUNITIES FUND sold 25.7lk shares @ 1090

NIPPON INDIA MUTUAL FUND bought 15.2lk shares @ 1090

Zomato

MOORE STRATEGIC VENTURES LLC sold 4.25cr shares @ 44

RESULT Q1FY23:

L&T (Consolidated, YoY)

Revenue at Rs. 35853 cr vs Rs. 29334 cr, up 22.2%

Net Profit at Rs. 1702 cr vs Rs. 1174 cr, up 45%

EBITDA at Rs. 3957 cr vs Rs. 3170 cr, up 24.8%

EBITDA % at 11.04% vs 10.81%

TATA POWER (Consolidated, YoY)

Revenue at Rs. 14495 cr vs Rs. 10132 cr, up 43.1%

Net Profit at Rs. 794 cr vs Rs. 391 cr, up 103.1%

Reported EBITDA at Rs. 2107 cr vs Rs. 2365 cr, down 11%

EBITDA Margin 14.5% vs 23.3%

EPL Ltd (Consolidated, YoY)

Revenue at Rs. 832 cr vs Rs. 799 cr, up 4.1%

Net Profit at Rs. 35 cr vs Rs. 60 cr, down 41.7%

Relaxo Footwear ( YoY)

Revenue at Rs. 667 cr vs Rs. 497 cr, up 34%

Net Profit at Rs. 39 cr vs Rs. 31 cr, up 26%

EBITDA at Rs. 86.6 cr vs Rs. 66.1 cr, up 31%

EBITDA % at 12.9% vs 13.3%

Shoppers Stop (Consolidated, YoY)

Revenue at Rs. 948 cr vs Rs. 205 cr, up 362.4%

Net Profit at Rs. 23 cr vs Loss Rs. 105 cr

Indigrid Trust (Consolidated, YoY)

Rev at Rs 561cr vs Rs 554cr up 1%

PAT Rs 83cr vs Rs 99cr down 16%

South Indian Bank (Standalone, YoY)

NII at Rs 603cr vs Rs 542cr up 20%

PPOP at Rs 317cr vs Rs 510cr down 38%

Net Profit at Rs. 115 cr vs Rs. 10.3 cr, up 1016.5%

GNPA 5.87% vs 5.90% qoq

NNPA 2.87% vs 2.97% qoq

Sanofi ( YoY)

Revenue at Rs. 699 cr vs Rs. 789 cr, down 11.4%

Net Profit at Rs. 120 cr vs Rs. 178 cr, down 32.6%

EBITDA at Rs. 161 cr vs Rs. 247.6 cr, down 35%

EBITDA Margin at 23% vs 31.4%

Ethos ( Consolidated, YoY)

Revenue at Rs 173cr vs Rs 89cr up 95%

Reported EBITDA at Rs 21.5cr vs Rs 3cr up 617%

EBITDA Margin 12.2% vs 3.3%

PAT at Rs 12.8cr vs Rs 0.83cr up 1442%

Mahindra EPC (Consolidated, YoY)

Revenue at Rs. 47 cr vs Rs. 39 cr, up 20.5%

Net Loss at Rs.6.4 cr vs Loss Rs. 3.4 cr down 88%

KEI Industries (Consolidated, YoY)

Revenue at Rs. 1565 cr vs Rs. 1017 cr, up 54%

Net Profit at Rs. 104 cr vs Rs. 67 cr, up 55%

EBITDA at Rs. 159.2 cr vs Rs. 113.4 cr, up 40%

EBITDA Margin at 10.17% vs 11.15%

United Spirits (Standalone, YoY)

Net Sales at Rs 2169cr vs Rs 1615cr up 34%

PAT at Rs 210cr vs Rs 69cr up 204%

Reported EBITDA at Rs 274cr vs Rs 168cr up 63%

EBITDA Margin 12.6% vs 10.4%

PNB Gilts ( YoY)

Revenue at Rs. 283 cr vs Rs. 215 cr, up 31.6%

Net Profit at Rs. -89 cr vs Rs. 40 cr, down -322.5%

Net Interest Income at Rs 95cr vs Rs 97cr down by 2%

Aditya Birla Sun Life AMC (Consolidated, YoY)

Total AUM stands at Rs 13,81,545 crore up 15% YoY

Revenue at Rs. 304 cr vs Rs. 303 cr, up 0.3%

Net Profit at Rs. 103 cr vs Rs. 155 cr, down 33.5%

Equity QAAUM at Rs 102700cr vs Rs 116800cr up 14%

Mutual Fund QAAUM at INR 2,815 bn (up 2.2% yoy); Market share1 at 8.4%

UTI AMC (Consolidated, YoY)

Revenue at Rs. 293 cr vs Rs. 344 cr, down 15%

Net Profit at Rs. 94 cr vs Rs. 155 cr, down 40%

Equity QAAUM stands at Rs 66,693cr vs Rs 54,009cr up 23.5%

SIS Q1 Consol YoY

Revenue up 12.6% at Rs 2678cr vs Rs 2379cr

EBIDTA flat at Rs 121cr

PAT up 39% at Rs 83cr vs Rs 60cr

Margins at 4.5% vs 5.1%

Strong growth in India security solutions segment

Margins impacted by international security solutions segment

Corporate Announcements

Cipla

To sell 25.92% stake in Avenue Therapeutics for $3 million. An additional amount upto $4 million can be received on satisfaction of certain condition.

Yes Bank

Board meet on July 29 to consider fund raise.

Wipro

Nokia Extends Strategic Partnership with Wipro to Drive Digital Transformation and Efficiencies in Global Business Services

Zydus Lifesciences

Zydus receives final approval from the USFDA for Bisoprolol Fumarate Tablets used to treat high blood pressure.

Bharat Forge

Kalyani Powertrain ,WOS of the company has incorporated a wholly-owned subsidiary in the name of “Electroforge Ltd”

Electroforge is in the business of Manufacture of electrical machinery and apparatus

JSW Energy

Resolution Plan submitted by the Company for Ind-Barath Energy (Utkal) has received the approval of NCLT , Hyderabad.

Ind-Barath owns a 700 MW under-construction thermal power plant in Odisha

Sanofi

Declared One-Time Special Interim Dividend of Rs. 193 per equity share of Rs. 10 each for the financial year ending 31st December 2022.

Piramal Enterprises

Gets RBI certificate for NBFC operations

TATA Steel

Completed Asset Transfer Agreement (ATA) with Stork Ferro and Mineral Industries Pvt Ltd for acquisi-tion of itemized assets to produce ferro alloys

Axis Bank

Receipt of approval from Competition Commission of India for purchase of Citibank’s India Consumer Business from Citibank N.A. and NBFC Consumer Business from Citicorp Finance (India)

Adani Wilmar

Credit rating Long-Term/Short Term Bank Facilities upgraded to CARE AA-;Stable / CARE A1+ (Outlook -Stable)

ONGC

ONGC to make Green Hydrogen; inks MoU with India’s leading renewable energy Company Greenko ZeroC

Sansera Engineering

Dropped Business contract from a leading North American OEM for development, manufacturing and supply of connecting rods. Therefore, contract stands withdrawn

Tata Power

CCI approves stake purchase by Blackrock and Mubadla.

HDFC Life

To consider fund raising via equity on July 29.

Insiders

Wipro connected person sold 6,500 shares.

Just Dial designated person sold 4,500 shares.

Avenue Supermarts designated person sold 1,600 shares.

Investor/Analysts Meet

SBI Life earning call on 28 July

Firstsource Solutions analyst and investor conference call on 4 Aug

Dhanuka Agritech earning call on 2 Aug

DCB Bank earning call on 30 July

Credit AcessGrameen earning call 1 Aug

Arvind Limited earning call on 1 Aug

Chalet Hotel earning call on 29 July

Schaeffler India earning call on 28 July

PI Industries earning call 4 Aug

CRISIL concall with ICICI Prudential Life Insurance & Matthews International Capital Management, US on 28 July

Fino payment bank concall on 28 July

KEC international earning call 4 Aug

IndusInd Bank meeting with Dragoneer investment group on 26 July

Music Broadcast earning conference call 4 Aug

IIFL wealth earning call held on 26 July

Tata Steel to meet Fidelity International on July 27

Zomato earnings call on August 2

Piramal earnings call on July 29

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