All You Need To Know Going Into Trade On February 3

The rally in global stocks faltered Thursday following disappointing earnings from technology stocks in the U.S.

Shares fell in Japan and Australia. South Korea reopened from a holiday and pushed higher. Hong Kong and China remain shut. U.S. shares closed up Wednesday, taking global stocks to their best four-day advance since 2020, but the tech fallout overshadowed that winning run.

The Singapore-traded SGX Nifty, an early indicator of India's Nifty 50 Index's performance, was little changed to 17,822 as of 7:45 a.m

Oil eased from a seven-year high and gold was steady at around $1,807 an ounce.

Post Market Hour Earnings

Tata Consumer Products Q3FY22 (Consolidated, YoY)

• Revenue up 5% at Rs 3,208.38 crore Vs Rs 3,069.56 crore

• Net profit up 21% at Rs 265.05 crore Vs Rs 218.17 crore

• Ebitda up 28% at Rs 461.66 crore Vs Rs 367.93 crore

• Margin at 14.4% Vs 12%

Blue Star Q3FY22 (Consolidated, YoY)

• Revenue up 34% at Rs 1,506.22 crore Vs Rs 1,123.89 crore

• Net profit up 29% at Rs 47.57 crore Vs Rs 36.77 crore

• Ebitda up 11% at Rs 90.59 crore Vs Rs 81.56 crore

• Margin at 6% Vs 7.3%

Bajaj Consumer Care Q3FY22 (Consolidated, YoY)

• Revenue down 8% at Rs 228.82 crore Vs Rs 248.39 crore

• Net profit down 33% at Rs 38.40 crore Vs Rs 57.29 crore

• Ebitda down 38% at Rs 38.67 crore Vs Rs 62.3 crore

• Margin at 16.9% Vs 25.1%

Zee Entertainment Enterprise Q3FY22 (Consolidated, YoY)

• Revenue down 23% at Rs 2,112.64 crore Vs Rs 2,729.36 crore

• Net profit down 25% at Rs 298.73 crore Vs Rs 399.91 crore

• Ebitda down 25% at Rs 473.98 crore Vs Rs 631.77 crore

• Margin at 22.4% Vs 23.1%

Mahindra & Mahindra Financial Services Q3FY22 (Consolidated, YoY)

• NII up 16% at Rs 1,903.57 crore Vs Rs 1,646.19 crore

• Net profit of Rs 987.03 crore Vs Net loss of Rs 228.2 crore

Apollo Tyres Q3FY22 (Consolidated, YoY)

• Revenue up 10% at Rs 5,707.47 crore Vs Rs 5,194.66 crore

• Net profit down 50% at Rs 223.54 crore Vs Rs 443.80 crore

• Ebitda down 28% at Rs 742.94 crore Vs Rs 1,030.21 crore

• Margin at 13% Vs 19.8%

Adani Total Gas Q3FY22 (Consolidated, YoY)

• Revenue up 78% at Rs 931.81 crore Vs Rs 522.27 crore

• Net profit down 13% at Rs 127.61 crore Vs Rs 145.87 crore

• Ebitda down 4% at Rs 203.32 crore Vs Rs 212.76 crore

• Margin at 23% Vs 42.9%

Stocks To Watch

• PNB: The bank has received a communication from HSBC Insurance Holdings regarding its intention to buy PNB's stake in Canara HSBC OBC Life Insurance.

• Gokul Agro: The company is setting up a Refinery Unit at at Krishnapatnam, Andhra Pradesh with proposed capacity of 1400 TPD. The proposed investment for the unit is Rs 200 crore.

• Max Ventures: The company completed transfer of 1, 71,89,601 shares constituting 41% of the share capital of its subsidiary Max Specialty Films to Toppan Inc.

• Bharat Dynamics: The company has signed a contract with Indian Army for manufacture and supply of Konkurs - M AntiTank Guided Missiles to the Indian Army worth Rs 3,131.82 crore.

• Indian Bank: The bank has revised its Marginal Cost of Funds Based Lending Rates by 0.05% (05 bps) for three months and six months tenors, effective from Feb. 3.

• EClerx: The company approved appointment of Srinivasan Nadadhur as Chief Financial Officer with effect from May 12, 2022 in place of current CFO Rohitash Gupta, who has opted to step down from the CFO designation from the Company and take a leave of sabbatical.

• CAMS: The company has launched Insta Purchase to enhance the service experience of investors in liquid and overnight scheme categories.

Earnings To Watch

ITC, Titan Company, Adani Transmission, Gail (India), Adani Power, Cadila Healthcare, Godrej PropertiesLupin, Coromandel International, Pfizer, PI Industries, Emami, 3M India, Aavas Financiers, Aditya Birla Capital, Barbeque-Nation Hospitality, EIH, Dishman Carbogen Amcis, Torrent Power, GMM Pfaudler, Grindwell Norton, Hindustan Construction Co, HG Infra Engineering, IG Petrochemicals, India Pesticides, JK Tyre & Industries, Jubilant Industries, Kalyan Jewellers India, Sumitomo Chemical India, Sundram Fasteners, Kennametal India, Kirloskar Industries, Lux Industries, Mahindra Holidays & Resorts India, Nahar Spinning Mills, Nesco, Prince Pipes and Fittings, Radico Khaitan, Rolex Rings, SIS, Thomas Cook (India), Varun Beverages, Westlife Development

Insider Trades

• Kitex Garments: Promoter & Director Sabu M. Jacob bought 54,000 shares between Jan. 31 and Feb. 01.

• Chambal Fertilisers & Chemicals: Promoter Jyotsna Poddar bought 15,000 shares on Feb. 01.

Bulk Deals

• AGS Transact Technologies: Plutus Wealth Management LLP bought 6.51 lakh (0.54%) shares at the price of 160.1 apiece.

Who's Meeting Whom

• Nestle: To meet investors and analysts on Feb. 17.

• Muthoot Capital: To meet investors and analysts on Feb. 3.

• Sastasundar Ventures: To meet investors and analysts on Feb. 3

• City Union: To meet investors and analysts on Feb. 4.

• MSTC: To meet investors and analysts on Feb. 14.

• Mahanagar Gas: To meet investors and analysts on Feb. 9.

• Redington: To meet investors and analysts on Feb. 8.

• Renaissance Global: To meet investors and analysts on Feb. 9.

• SH Kelkar: To meet investors and analysts on Feb. 8.

• Deep Industries: To meet investors and analysts on Feb. 4.

• Expleo: To meet investors and analysts on Feb. 4.

• Aster DM Healthcare: To meet investors and analysts on Feb. 9.

Trading Tweaks

• Price Band Revised From 10% To 5%: Precision Wires India

• Move Into Short-Term ASM Framework: PSP Projects

• Record Date Interim Dividend: Cosmo Films, Share India Securities, Sharda Cropchem, Torrent Pharmaceuticals, Container Corporation of India, Wendt (India)

• Ex-Date Interim Dividend: Thangamayil Jewellery, Indian Energy Exchange, IIFL Finance, Vaibhav Global, Accelya Solutions India, Zensar Technologies, Symphony, Motilal Oswal Financial Services, La Opala RG, NTPC, Transport Corporation of India, Greenpanel Industries, GRM Overseas, IIFL Securities, Kirloskar Ferrous Industries, SRF, TCI Express

• Ex-Date Stock Split: Sindhu Trade Links

Money Market Update

The rupee ended Rs 74.83 at against the U.S. Dollar on Wednesday as compared to Tuesday's closing of 74.80.

F&O Cues

• Nifty February futures ended at 17,808.90; a premium of 28.9 points.

• Nifty February futures shed 3.09% and 6,017 shares in Open Interest

• Nifty Bank February futures ended at 39,451.35; a premium of 84.85 points

• Nifty Bank February futures shed 1.2% and 1,018 shares in Open Interest% and 6,832 shares in Open Interest