U.S. equity futures and Treasuries fell Monday, while Asian shares were mixed, amid concerns over the pros=spect of aggressive Federal Reserve interest-rate hikes and stiffer sanctions on Russia.
Shares were volatile in Japan, Australia and South Korea. The dollar was firm as investors evaluated a push by some European Union governments for new penalties on Russia. Singapore-traded SGX Nifty, an early barometer of India's benchmark Nifty 50, fell 0.15% to 17,716 points as of 7:30 am.
Oil prices declined, extending a drop sparked by a U.S. announcement of an unprecedented release of strategic reserves to fight elevated energy costs.
Here are the stocks to watch in today's trade:
HDFC: Bank's loan book stood at Rs 8,367 crore in Q4 compared to Rs 7,503 crore in the corresponding quarter of the previous year. The bank's gross income from dividend stood at Rs 128 crore on March 31, 2022.
Bharat Electronics: Achieves turnover of Rs 15,000 crore during FY2021-2 against turnover of Rs 13,818 crore. The company's order book as on April 1 is around Rs 57,000 crore.
Avenue Supermarts: Standalone revenue from operation for quarter ended March at Rs 8,606.09 crore.
IGL: The company raised piped gas price by Rs 5/SCM in Delhi. It also increases price of CNG by Rs 0.8/Kg effective April 1.
Hero MotoCorp: The company's sales fell 21.98% in March 2022. Sales stood at 4,50,154 units as compared to 5,76,957 in March 2021.
PVR: The company has discontinued operations of 23 screens across 9 properties on expiry of their lease with Cineline India.
Dr Reddy's: The company will acquire cardiovascular brand Cidmus from Novartis AG for $61 million.
TVS Motors: The company's sales fell 4.55% in March 2022. Sales stood at 3,07,954 units as compared to 3,22,643 in March 2021.
JSW Energy: The company subsidiary, JSW Neo Energy has entered with the government of Chhattisgarh for setting up a 1,000 MW capacity of Hydro Pumped Storage Project viz. Hasdev Bango Pumped Storage Project, in Chhattisgarh.
Eicher Motors: The company's sales rose 2.45% in March 2022. Sales stood at 67,677 units as compared to 66,058 in March 2021.
Future Enterprise: The company has defaulted on an aggregate amount of Rs 2,835.65 crore as on March 31, to a consortium of banks and lenders under the one time resolution plan
Angel One: The company declared interim dividend of Rs 7 per share of face value of Rs 10 per share.
HCL Technologies: The company will consider declaration of interim dividend on April 21 and April 22.
Power Grid: The company has transferred balance 26% equity shareholding of Powergrid Vizag Transmission to PGlnvlT at a price of Rs 330.78 crore. The company has relinquished its right on additional revenue accruing to Powergrid Parli Transmission, Powergrid Warora Transmission and Powergrid Jabalpur Transmission to PGlnvlT for Rs 304.15 crore.
Cummins India: Cummins Research and Technology, a 50:50 joint venture between the company and its US arm is voluntary liquidated. CRTIPL, as on March 31, 2021 was Rs. 279 lakhs constituting 0.059% of the consolidated net worth of the company.
L&T Technology Services: The company will consider declaration of dividend on April 21.
NTPC: The company has commissioned 250 MW Captive Power Unit, at Rourkela, Odisha, of NTPC Sail Power, joint venture company. The installed and commercial capacity of NSPCL has become 1064 MW while the group installed capacity of NTPC has become 68881.68MW.
Supreme Petrochem: The company has received NCLT nod for reduction in paid up share capital from 94.02 crore to Rs 37.6 crore by reduction in face value from Rs 10 to Rs 4 each.
Acrysil: The company's UK arm will acquire 100% shares of Tickford Orange, UK along with its wholly owned operating subsidiary Sylmar Technology for £11 million. STL is a manufacturer, distributer and customizer of high-quality solid surface products for kitchen and bathroom, for both domestic and commercial purposes for markets across UK.
Sandhar Technology: The company secured machining business from TVS Motors Company. With the award of this business, the company has entered machining for castings business.
Alkem Laboratories: ISP Chile had conducted an inspection at the Company's manufacturing facility located at Daman, India from March 28, 2022 to April 1, 2022. No observations critical to good manufacturing practices was detected.
Subex: The company has executed the transfer of Revenue Maximization Solution business from Subex Assurance LLP to the company.
PTC India: The company recorded volume of 8745 crore units of energy in FY 2021-22.
Vaibhav Global: The company has acquired 15 lakh shares of Vaibhav Lifestyle raising its stake from 75% to 100%.
Bhageria Industries: The company has commissioned 4.5 MW Solar Power Projects at Ahmednagar as turnkey EPC project for a client for their captive consumption.
Pledged Shares Details
Mangalam Drugs & Organics: Promoter Shree Rasbihari Trading and Investment created a pledge of 59,000 shares on March 29.
Insider Trades
JK Lakshmi Cement: Promoter Group Anshuman Singhania (HUF) bought 3.5 lakh shares between March 28 and March 30.
Bajaj Holdings & Investment: Promoter Group Jamnalal Sons bought 88,406 shares between March 30 and March 31.
JK Tyre & Industries: Promoter Group Anshuman Singhania (Karta of Shripati Singhania HUF) bought 8.15 lakh shares between March 28 and March 29.
JK Paper: Promoter Group Anshuman Singhania, Karta of Shripati Singhania HUF, Partner of M/s Yashodhan Enterprises bought 1.93 lakh shares between March 28 and March 29.
Bajaj Healthcare: Promoter Group Namrata Sajankumar Bajaj bought 3,500 shares on March 31.
MAS Financial Services: Promoter Prarthna Marketing bought 7,500 shares between March 29 and March 31.
Bulk Deals
Welspun Corporation: Winro Commerical India bought 14 lakh (0.53%) shares at Rs 181.06 apiece.
BLS International Services: Nishant Pitti sold 5.5 lakh (0.53%) shares at Rs 247.1 apiece.
IIFL Wealth Management: WF Asian Reconnaissance Fund sold 6.98 lakh (0.78%) shares at Rs 17.14.05 apiece.
Who's Meeting Whom
L&T Technology Services: To meet investors and analysts on April 21.
Infosys: To meet investors and analysts on April 13.
Trading Tweaks
Ex-Date Final Dividend: ACC
Record Date Interim Dividend: Gujarat Fluorochemicals
Ex-Date Interim Dividend: Kama Holdings
Move Into Short-Term ASM Framework: Shaily Engineering Plastics
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