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PNB has 1.25 million shares change hands in a large trade.
Details of buyers, sellers are not immediately.
Source: Bloomberg
The broader indices outperformed their large peers with MidCap gaining 0.34% and SmallCap gauge remaining little changed. Eleven of the 19 the sectoral measures complied of BSE advanced.
The market breadth is skewed in the favour of bears. About 1,391 stocks rose, 1,853 fell and 119 remained unchanged.
ITC has 2.87 million shares changed hands in a large trade.
Details of buyers, sellers are not known immediately.
Source: Bloomberg
The broader indices underperformed their larger peers with MidCap and SmallCap gauges losing over 0.1%. Ten of the 19 sectoral indices compiled by BSE Ltd. declined.
The market breadth is skewed in the favour of bears. About 1,120 stocks rose, 1,412 fell and 96 remained unchanged.
Yield on the 10-year bond fell 3bps to 7.48%, at the open.
Source: Bloomberg
Indian currency appreciated 1 paise to 82.68 at the open, against the greenback.
Source: Bloomberg
Reliance Industries: The company will demerge its financial services arm and list on the stock exchanges as Jio Financial Services. The company will also demerge its subsidiary Reliance Projects and Property Management Services.
Vodafone Idea: The company will issue Indian rupee denominated optionally convertible, unlisted, unsecured and unrated debentures worth Rs 1,600 crore to ATC Telecom Infrastructure on preferential basis.
State Bank of India: The bank hiked interest rates on most of its term deposits under Rs 2 crore in the range of 25-80 basis points with effect from Oct. 22.
Biocon: Biocon Biologics integrated insulins manufacturing facility in Malaysia accorded Certificate of GMP Compliance by the European Medicines Agency following a site inspection in July 2022.
DLF: The company’s board approved raising funds to the tune of Rs 1,500 crore through NCDs and/or debt securities.
Hindustan Aeronautics: The company received Air System Design Organisation approval certificate, making it the first defence PSU to receive CEMILAC's Design Organisation approval as per the new Design Organisation Approval Scheme.
Borosil Renewables: The company will acquire solar glass maker GMB and glass company Interfloat Group for a total consideration of 7.5 million euros (Rs 61.07 crore).
Kirloskar Industries: The board has approved to convening an EGM of the shareholders of Kirloskar Brothers.
Welspun Corp: Associate company East Pipes Integrated Company for Industry in the Kingdom of Saudi Arabia has announced that its shareholders have approved the board's recommendation to grant bonus shares in the ratio of 1:2 through the capitalisation of SAR 105 million (Rs 230.79 crore) from retained earnings.
Tech Mahindra: The company will acquire 26% equity shares in Upendra Singh Multi Transmission for a consideration of Rs 48 lakh.
Reliance Power: The company made preferential allotment of 20.58 crore warrants of Rs. 15.55 apiece on a private placement basis to VFSI Holdings under public category.
V-Guard Industries: The company made further investment of Rs 31.39 crore in wholly owned subsidiary V-Guard Consumer Products and allotted 3.14 crore equity shares of Rs each.
Tata Consumer Products: The company made a preferential issue of 74.6 lakh shares of Re 1 each to Tata Enterprises (Overseas) at an issue price of Rs 765.16 apiece.
Adani Ports And Special Economic Zone: The company incorporated a wholly owned subsidiary Tajpur Sagar Port for the purpose of development of deep-sea port on design, build, finance, operate and transfer basis at Tajpur, West Bengal.
Garware Technical Fibres: The board approved buyback of up to 2.4 lakh shares with a face value of Rs 10 from all shareholders through the tender offer route at Rs 3,750 apiece, for an aggregate amount not exceeding Rs 90 crore.
REC: The company clarified before the exchanges that its board in January 2021, had approved loan assistance of Rs 4,260 crore to SJVN Thermal in respect of Buxar Thermal Power Plant, in the normal course of business, and this facility had insignificant impact on its loan book.
Garden Reach Shipbuilders & Engineers: The company signed 13 MoUs during the recent Defence Expo 2022, ranging from covering exports targets to other business avenues.
Reliance Industries Q2 FY23 (Consolidated, QoQ)
Revenue up 4.3% at Rs 2,32,863 crore
EBITDA fell 25% at Rs 28,416 crore
EBITDA margin at 12.4% vs 15.6%
Net profit down 20% at Rs 15,512 crore
Hindustan Unilever Q2 FY23 (Consolidated, YoY)
Revenue up 16% at Rs 15,144 crore
EBITDA up 8% at Rs 3,479 crore
EBITDA margins at 23% vs 24.7 %
Net profit up 22% at Rs 2,665 crore
Kotak Mahindra Bank Q2 FY23
Net Profit at Rs 2580.68 crore vs Rs 2,032 crore (YoY)
NII at 5,099 crore vs 4,021 crore (YoY)
Gross NPAs: 2.08% vs 2.24% (QoQ)
Net NPAs: 0.55% vs 0.62% (QoQ)
Yes Bank Q2 FY23
Net Profit at Rs 152.82 crore vs Rs 225.5 crore (YoY)
NII: Rs 1,991 crore vs Rs 1,512 crore (YoY)
Gross NPAs: 12.89% vs 13.45% (QoQ)
Net NPAs: 3.6% vs 4.7% (QoQ)
ICICI Bank Q2 FY23
Net profit at Rs 7,557.8 crore vs Rs 5,511 crore (YoY)
NII at Rs 14,787 crore vs 11,690 crore (YoY)
Gross NPAs: 3.19% vs 3.41% (QoQ)
Net NPAs: 0.61% vs 0.7% (QoQ)
JSW Steel Q2 FY23 (Consolidated, YoY)
Revenue up 10% at Rs 41,778 crore
EBITDA down 59% at Rs 1,752 crore
EBITDA margin at 4.2% vs 32%
Net loss of Rs 848 crore against net profit of Rs 9,791 crore
Torrent Pharma Q2 FY23 (Consolidated, YoY)
Revenue up 7% at Rs 2,291 crore
EBITDA up 5% at Rs 679 crore
EBITDA margins at 29.6% Vs 30.3%
Net profit down 1% at Rs 312 crore
SBI Life Insurance Q2 FY23 (Consolidated, YoY)
Revenue up 8% at Rs 27,525 crore
Net profit up 52% at Rs 377 crore
Solvency ratio 2.19 Vs 2.12
DLF Q2 FY23 (Consolidated, YoY)
Revenue down 12% at Rs 1,302 crore
EBITDA down 5% at Rs 436.67 crore
EBITDA margin at 33.5% vs 31%
Net profit up 26% at Rs 477.04 crore
United Spirits Q2 FY23 (Consolidated, YoY)
Revenue up 1% at Rs 8,283 crore
EBITDA down 7% at Rs 437.3 crore
EBITDA margin at 5.3% vs 5.7%
Net profit up 90% at Rs 553.1 crore
Bajaj Holdings Q2 FY23 (Consolidated, YoY)
Revenue up 28% at Rs 188 crore
EBITDA up 24% at Rs 151.08 crore
EBITDA margin at 81% vs 83%
Net profit up 10% at Rs 1242.79 crore
VIP Industries Q2 FY23 (Consolidated, YoY)
Revenue up 56% at Rs 515 crore
EBITDA up 71% at Rs 71.58 crore
EBITDA margin 14% vs 13%
Net profit up 2X at Rs 43.4 crore
Declared interim dividend of Rs 2.5 per share
Chalet Hotels (Consolidated QoQ)
Revenues down 2% at Rs 247.84 crore
Net profit at Rs 15.73 crore vs loss of Rs 13.66 crore
EBITDA down 19% at Rs 87.71 crore
Margins at 35.39% vs 43%
Tejas Networks (Consolidated QoQ)
Revenue up 75% at Rs 219.94 crore
Profit after tax at Rs 1.07 crore
EBITDA at Rs 21.54 crore vs loss of Rs 7.32 crore
Margins at 9.8%
Credit Access Grameen (Consolidated)
Net interest income up 39.9% at Rs 516.2 (YoY)
Net profit up 171% at RS 172.03 crore (YoY)
Gross NPAs at 2.17% vs 7.67% (QoQ)
Net NPAs at 0.77%
U.S. Dollar Index at 111.79
U.S. 10-year bond yield at 4.21% on Friday
Brent crude up 0.23% to $93.47 per barrel
Nymex crude at $84.82 per barrel
SGX Nifty down 0.06% to 17,832.5 as of 6:37 a.m.
Bitcoin down 0.49% to $19,287.1
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