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The S&P BSE MidCap almost mirrored Sensex and Nifty while S&P BSE SmallCap slightly underperformed its larger peering, shedding 2.3%.
All the 19 sectoral indices declined with S&P BSE Information Technology and Metal falling the most.
The market breadth was skewed in the favour of bears. About 857 stocks advanced, 2,469 declined and 121 remained unchanged.
(A sentence stating that this was the second worst day in 2022 for the stock benchmarks, has been updated)
Shares of Bosch India fell over 5.5%, the most in 11 weeks despite reporting net income above estimate for quarter-ended March.
The company's net income, Ebitda and margin declined on a YoY basis
Net income at Rs 350.5 crore Vs Rs 482 crore (Bloomberg Consensus Estimate: Rs 346 crore)
Revenue at Rs 3,311 crore Vs Rs 3,215.9 crore (Estimate: Rs 3,360 crore)
Ebitda at Rs 435.3 crore Vs Rs 619.1 crore
Ebitda margin at 13.15% Vs 19.25%
Recommended a dividend of Rs 110 per equity share.
Also recommended a dividend of Rs 100 per share to commemorate 100 years of Bosch in India
Trading volume is 2.6 times the 30-day average volume.
Source: Exchange filing, Bloomberg
Revenue up 15% at Rs 5,475 crore Vs Rs 4,768 crore (Bloomberg Consensus Estimate : Rs 5,154 crore)
Net profit down 83% to Rs 97 crore Vs Rs 557 crore (Estimate: Rs 640 crore Profit)
EBITDA up 13% to Rs 1,193 crore from Rs 1,055 crore (Estimate : Rs 1,136 crore Profit)
Margins at 21.8% Vs 22.1% (Estimate : 22%)
EPS at Rs 5.84 per share Vs Rs 33.61 (Estimate : Rs 39.03)
Recommended final dividend of Rs 30 per share of face value Rs 5 each
Of the 44 analysts tracking the company, 38 maintain 'buy', five suggest 'hold' and one recommends 'sell'. The return potential of the stock is 28%.
Source: Exchange filing, Bloomberg
The Sensex lost 2.33% (over 1,260 points) to 52,943.39. The Nifty declined by similar magnitude to 15,859.70. Barring ITC Ltd., Dr. Reddy's and Eicher Motors, all the other 47 stocks in the 50 stock gauge logged losses.
The broader indices almost mirrored their larger peers. All the 19 sectoral indices compiled by BSE Ltd. declined with S&P BSE Information Technology, Teck and Metal falling over 4%.
The market breadth was skewed in the favour of bears. About 733 stocks advanced, 2,448 declined and 118 remained unchanged.
In light of RBI's new card storage guidelines effective June 1, credit or debt cards can no longer be used to pay for subscription on Apple app store or other services
Apple asks India users to link their UPI ID or netbanking information for payments
Customers may also load Apple ID balance for payments
Source: Apple email to customers
The IPO subscribed 0.30 times or 30% as of 11 a.m. on May 19.
Institutional investors: 0 times.
Non-institutional investors: 0.07 times.
Retail investors: 0.57 times.
Source: BSE, NSE
The IPO subscribed 0.57 times or 57% as of 11 a.m. on May 19.
Institutional investors: 0 times.
Non-institutional investors: 0.25 times.
Retail investors: 1.05 times.
Source: BSE, NSE
We welcome today’s order of the Hon’ble Supreme Court with humility. It reaffirms, once again, Tata Group’s position which was upheld by a unanimous judgment last year.Tata Sons Statement
Shares of HDFC Bank lost over 2.4% to a 52-week low of Rs 1,282.1 apiece.
The stock touched Rs 1,722.1 apiece, in a vicinity of record high of Rs 1,725, on April 4, the day when HDFC Bank announced merger plans with HDFC.
Since April 4, the stock has fallen 22%, compared to 12% loss for NSE Nifty 50 index
Source: Bloomberg
Volkswagen and Mahindra & Mahindra signed partnering agreement. The two firms will collaborate on MEB electric components such as electric motors, battery system components and battery cells.
The agreement evaluates the scope of the collaboration and indicates binding rules for the evaluation phase as well as the non-binding scope of supply.
The two firms aim to conclude the binding supply contract by end of 2022.
Source: Exchange filing
India's stock benchmarks declined, dragged by loses across sectors. Metals, information technology, power, realty stocks fell the most. The fall comes amid decline in global equities after S&P 500 logged its worst day in almost two years.
The S&P BSE Sensex fell 2% to 53,117.25. The NSE Nifty 50 declined by similar magnitude to 15,913.20.
The broader indices almost mirrored their larger peers. All 19 sectoral indices compiled by BSE Ltd. logged losses.
The market breadth is skewed in the favour of bears. About 401 stocks advanced, 1,985 declined and 56 remained unchanged.
MPC Minutes: Economists See Frontloaded Rate Hikes Amid Alarm Over Inflation
Godrej Consumer Products
Dr. Reddy’s
Gland Pharma
Hindustan Petroleum Corporation
Krishna Institute of Medical Sciences
Endurance Technologies
CONCOR
Chambal Fertilizers and Chemicals
Bosch
Ashok Leyland
Alkyl Amines Chemicals
Rossari Biotech
Prince Pipes and Fittings
Man Infraconstruction
Stocks To Watch Today: BPCL, Dr Reddy's, IndiGo, ITC, Lupin, Ruchi Soya
ITC Q4 FY22 (Consolidated, YoY)
Revenue up 15% at Rs 17,754.02 crore
EBITDA up 15% to Rs 5,599.3 crore
EBITDA margins at 31.5% vs 31.6%
Net profit up 12% to Rs 4,195.69 crore
Also Read: ITC Q4 Results: Profit Up 12%, Cost Pressures Persist
Lupin Q4 FY22 (Consolidated, YoY)
Revenue up 3% at Rs 3,883 crore
Net loss at Rs 518 crore vs net profit of Rs 460 crore
EBITDA fell 68% to Rs 228 crore vs Rs 708 crore
EBITDA margin at 5.9% vs 18.7%
EPS at Rs -11.4 per share vs Rs 10.15
Also Read: Lupin Posts Surprise Loss in Q4 As Costs Bite
Pidilite Industries Q4 FY22 (Consolidated, YoY)
Revenue up 12.15% at Rs 2,507.1 crore
EBITDA down 12.96% at Rs 401.08 crore
EBITDA margin at 16% vs 20.61%
Net profit down 16.93% at Rs 254.35 crore
Recommended dividend of Rs 10 per share
Indraprastha Gas Q4 FY22 (Consolidated, YoY)
Revenue up 8.66% at Rs 2,649.77 crore
EBITDA up 6.57% at Rs 500.46 crore
EBITDA margin 18.89% vs 19.26%
Net profit up 15% at Rs 430.93 crore
LIC Housing Finance Q4 FY22 (Consolidated, QoQ)
Revenue up 5.2% at Rs 5,327.87 crore
EBIT up 7.95% at Rs 4,856.57 crore
EBIT margin at 91.15% vs 88.83%
Net profit up 44.4% at Rs 1,113.68 crore
Recommended dividend of Rs 8.5 per share
Granules India Q4 FY22 (Consolidated, YoY)
Revenue up 28.86% at Rs 1,029.97 crore
EBITDA down 4.6% at Rs 192.70 crore
EBITDA margin at 18.71% Vs 25.27%
Net profit down 13% at Rs 111 crore
Recommended final dividend of Rs 0.75 per share
Manappuram Finance Q4 FY22 (Consolidated, QoQ)
Revenue down 0.21% at Rs 1,481.35 crore
EBIT down 2.11% at Rs 838.81 crore
EBIT margin at 56.62% vs 57.72%
Net profit down 0.02% at Rs 260.95 crore
Declared interim dividend of Rs 0.75 per share
Shyam Metalics Q4 FY22 (Consolidated, YoY)
Revenue up 21.5% at Rs 2,856.77 crore
EBITDA up 5.8% at Rs 663.12 crore
EBITDA margin at 23.2% vs 26.6%
Net profit up 11.19% at Rs 430.86 crore
Recommended final dividend of Rs 2.7 per share
Approved fundraising of Rs 3,000 crore
JK Lakshmi Cement Q4 FY22 (Consolidated, YoY)
Revenue up 12.32% at Rs 1,599.83 crore
EBITDA up 3.7% at Rs 324.68 crore
EBITDA margin at 20.29% vs 21.98%
Net profit up 20.1% at Rs 183.73 crore
Recommended dividend of Rs 5 per share
Ratnamani Metals & Tubes Q4 FY22 (Consolidated, YoY)
Revenue up 40% at Rs 974.06 crore
EBITDA up 6.11% at Rs 168.53 crore
EBITDA margin at 17.30% Vs 22.82%
Net profit up 2.02% at Rs 111.63 crore
Recommended dividend of Rs 14 per share
Approved bonus issue in the ratio of 1:2
Sandur Manganese & Iron Ores Q4 FY22 (Consolidated, YoY)
Revenue up 100% at Rs 716.24 crore
EBITDA up 64% at Rs 222.03 crore
EBITDA margin at 31% vs 37.65%
Net profit up 232% at Rs 235.52 crore
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