Stock Market Today: Nifty, Sensex Rebound After One-Day Fall As ICICI Bank, RIL Lead

• NTPC Ltd declared commercial ops date of 1st part capacity of 14 MW out of 40 MW Ayodhya Solar PV Project with effect from Jan 27.

Source: Exchange Filing

• Revenue rose 21.8% to Rs 1,107.5 crore from Rs 909.1 crore

• Ebitda rose 30.40% to Rs 133.9 crore from Rs 102.7 crore

• Margin rose 79 bps to 12.08% from 11.29%

• Net profit rose 22.7% to Rs 62.1 crore from Rs 50.6 crore

• Revenue rose 1.32% to Rs 4336.7 crore from Rs 4,280.2 crore

• Ebitda fell 0.45% to Rs 799.06 crore from Rs 802.72 crore

• Margin fell 32 bps to 18.42% from 18.75%

• Net profit rose 18.25% to Rs 731.2 crore from Rs 618.3 crore

• Revenue rose 4.56% to Rs 5,503.81 crore from Rs 5,263.38 crore

• Ebitda loss at Rs 62.86 crore from profit of Rs 144.26 crore

• Net loss at Rs 148.77 crore from profit of Rs 42.28 crore

• Odisha allotted 80 acres land to Berger Paints for manufacturing plant.

Source: Exchange Filing

• Revenue rose 22.15% to Rs 586.12 crore from Rs 479.82 crore

• Ebitda rose 73.56% to Rs 133.02 crore from Rs 76.64 crore

• Margin rose 672 bps to 22.69% from 15.97%

• Net profit rose 33.15% to Rs 82.97 crore from Rs 62.31 crore

• Net profit was at Rs 119.45 crore from Rs 46.4 crore

• Revenue rose 6.4% to Rs 627.1 crore from Rs 589.5 crore

• Ebitda rose 7.46% to Rs 202.6 crore from Rs 188.5 crore

• Margin rose 32 bps to 32.3% from 31.97%

• Revenue down 6.5% at Rs 1,437 crore from Rs 1,536 crore

• Net Profit down 34.9% at Rs 133.8 crore from Rs 205.5 crore

• Ebitda fell 36.2% to Rs 177.85 crore from Rs 278.79 crore

• Margin fell 577 bps to 12.37% from 18.15%

• Revenue rose 64.53% to Rs 732.5 crore from Rs 445.2 crore

• Ebitda rose 124.02% to Rs 105.94 crore from Rs 47.29 crore

• Margin rose 384 bps to 14.46% from 10.62%

• Net profit rose 71.92% to Rs 47.95 crore from Rs 27.89 crore

• Revenue rose 15.78% to Rs 531.9 crore from Rs 459.4 crore

• Ebitda rose 13.35% to Rs 42.01 crore from Rs 37.06 crore

• Margin fell 16 bps to 7.89% from 8.06%

• Net profit rose 40.02% to Rs 19.24 crore from Rs 13.74 crore

• Revenue fell 6.55% to Rs 1,492.52 crore from Rs 1,597.06 crore

• Ebitda fell 3.45% to Rs 123.34 crore from Rs 127.75 crore

• Margin rose 26 bps to 8.26% from 7.99%

• Net profit rose 1.09% to Rs 66.58 crore from Rs 65.86 crore

• Revenue rose 4.9% to Rs 1,125 crore from Rs 1,072.8 crore

• Ebitda rose 27.9% to Rs 143.1 crore from Rs 111.9 crore

• Margin 228 bps to 12.72% from 10.43%

• Net profit rose 192.3% to Rs 64.9 crore from Rs 22.2 crore

• Coal India Ltd received notice for one day all India strike in all subsidiaries on Feb 16.

Source: Exchange Filing

• Revenue rose 19.13% to 290.44 crore from Rs 243.8 crore

• Ebitda rose 27.75% to Rs 66.7 crore from Rs 52.21 crore

• Margin rose 155 bps to 22.96% from 21.41%

• Net profit rose 19.43% to Rs 48.6 crore from Rs 40.69 crore

• Revenue rose 32.3% to Rs 166 crore from Rs 125.5 crore

• Ebitda rose 10.3% to Rs 33.88 crore from Rs 30.73 crore

• Margin down 407 bps at 20.4% from 24.48%

• Net profit fell 1.4% to Rs 21.2 crore from Rs 21.5 crore

• Revenue rose 3.12% to Rs 329.21 crore from Rs 319.22 crore

• Ebitda rose 14.23% to Rs 74.8 crore from Rs 65.48 crore

• Margin rose 220 bps to 22.72% from 20.51%

• Net profit rose 14.84% to Rs 55.08 crore from Rs 47.96 crore

• Revenue fell 15.67% to Rs 1,045.1 crore from Rs 1,239.2 crore

• Ebitda fell 52.77% to Rs 217.59 crore from Rs 460.71 crore

• Margin down 1635 bps to 20.82% from 37.17%

• Net profit declined 48.92% to Rs 158.8 crore from Rs 310.9 crore

• Revenue down 2.95% to Rs 192 crore from Rs 197.83 crore.

• Ebitda loss was at Rs 125.92 crore from Ebitda loss of Rs 132.72 crore.

• Net loss was at Rs 839.03 crore from loss of Rs 792.82 crore.

• Revenue rose 46% to Rs 302.5 crore vs Rs 207.2 crore.

• Ebitda was at Rs 56.7 crore vs Rs 8.86 cr.

• Margin at 18.7% vs 4.3%.

• Net profit at Rs 37.3 crore vs Rs 15.9 crore.

MCX says, "Trading resumed at 1 p.m. The delayed start was attributed to the slow processing and generation of backend files for the members. We apologize for any inconvenience caused."

Source: Company Statement

• Gets order worth Rs 181 crore for supply of smart meters.

Source: Exchange Filing

• Gets orders worth Rs 214.5 crore during this week.

• Includes order worth Rs 94.75 crore for supply of MS coated pipes.

Source: Exchange Filing

• KIOCL appointed Saumen Das Gupta as CFO effective Feb 13.

Source: Exchange Filing

• NCLT extends GoFirst insolvency process deadline by 60 days.

• Initial 90-day extension expired on 4 February.

• In Nov 2023, NCLT granted the airline a 90-day extension due to a lack of a viable revival plan.

Source: NCLT Proceedings

• L&T Technology Services collaborates with BlackBerry for automotive software.

• LTTS to leverage BlackBerry QNX to enable software defined vehicles for global OEMs

• LTTS and BlackBerry to jointly train engineers on QNX OS and QNX Hypervisor platforms

Source: Press release

• Time Technoplast at 5.65x30-day average

• Sapphire foods India at 5.13x30-day average

• Optiemus Infracom at 4.38x30-day average

• Hindalco Industries at 3.91x30-day average

• Citi Research maintained 'Sell' on Aurobindo Pharma with a price target of Rs 940.

• Aurobindo Pharma's Q3 results largely in line, driven by gRevlimid, improved COGS and opex, said the brokerage.

• Improvement in base-line business contingent on further volume expansion, the brokerage said.

• Near term catalysts: Progress on compliance issues at Eugia-III, commercialization of Pen-G in Q1FY25.

• US Trastuzumab filing expected in Q4FY24; prices not expected to erode further.

• Import alert may derail progress in US generics for value unlocking in Eugia

• Tata ev reduced EV prices by up to Rs 1.2 lakh passing on reduction in battery prices.

• Nexon ev gets price reduction of up to Rs 1.2 lakh.

• Tiago ev price reduced up to Rs 70,000.

Source: Press release

• CLSA Downgrades Hindalco to 'Underperform' with a Price target increased to Rs 635 from Rs 590 earlier

• Sees Bay Minette project cost and time overrun as an overhang.

• Bay Minette expansion revised to $4.1 billion from initial guidance of $2.5 billion

• Project commissioning has pushed back 9-12 months to 2H26

• Believes double-digit IRR achievement as a tough task

• Believes cost escalation at key projects leaves limited rerating room

• Novelis 3Q results were above expectations

• BofA reiterated 'Underperform' on NHPC Ltd with Price Target of Rs 63.

• Third consecutive quarter of topline miss (-28% YoY) on lower generation

• Incentives were weaker on lower PAF (72% vs 88% in Dec'22)

• Adjusted for Teesta impact, earnings were down 51% YoY

• 18 GW PSP opportunity; capacity adds to be back ended

• Larsen & Toubro Ltd received an order in the range of Rs 1,000-Rs 2,500 crore for hydrocarbon business.

• Order for hydrocarbon business from Middle-East client for onshore and offshore projects.

Source: Exchange filing

• JSW Steel will form 50:50 joint venture with Japan's JFE Steel Corp for production of grain oriented electrical steel in India.

• The manufacturing base in Bellary, Karnataka, to be set up with planned investment of Rs 5,500 crore.

• Facility is expected to start production in FY27.

Source: Exchange filing

• Have to wait for another quarter to gain confidence about HDFC Bank's outlook

• HDFC Bank's loan growth will be below deposit growth, which will aid the margins

• Lack of communication is a major reason why the stock reacted so violently to the Q3 earnings

• HDFC Bank somehow managed to protect margins in Q3

• Over-guiding and underdelivering was the issue with HDFC Bank

• Q3 retail deposits were weak but 9-months numbers were strong

• Bank has done a good job in standalone flow in deposit accretion

• Core operating profit growth needs to improve for stock to pick pace once more

• Increased focus on the corporate loans hurt the operating margins

• HDFC Bank is still the best-valued banking stock to own in the Indian markets

Source: Suresh Ganapathy, managing director, head of financial services research at Macquarie said in an interview to NDTV Profit

• Jan CPI inflation softened to 5.1% YoY on lower food inflation; core fell further.

• Dec IIP growth improved to 3.8% YoY, beating expectations.

• Tracking Feb CPI at 5.4% YoY.

• Key drivers: manufacturing sector and consumer goods.

• BofA reiterated 'Buy' on Coal India with a price target of Rs 445.

• EBITDA beat on lower opex, sais BofA.

• Inventories rise on seasonality; thermal generation strong

• Evacuation capacity to improve 6x by FY29 (Aug'19 base)

• E-auction product mix came in at 8% vs estimate of 13%

Paytm Fighting For Survival, Says Macquarie After Downgrade

Market breadth was skewed in favour of sellers. Around 2,222 stocks declined, 776 stocks fell, and 73 remained unchanged on BSE.

At pre-open, the NSE Nifty 50 was 48.25 points or 0.22% higher at 21,664, and the S&P BSE Sensex 0.31% or 219.59 points higher at 71,292.08.

• The yield on the 10-year bond opened flat at 7.09%.

Source: Bloomberg

• The local currency strengthened by 1 paise against the U.S. Dollar to open at 82.99.

• It closed at 83.00 on Monday.

Source: Cogencis

• Ashok Leyland invested about Rs 536.7 crore in Optare Plc UK via equity in second tranche.

• Shareholding in Optare Plc has increased to 92.59% from 92.19%.

Source: Exchange filing

• HFCL Ltd bagged Rs 141-crore-worth purchase order from BSNL for supply of Unlicensed Band Radios

• To also offer product and services to BSNL for supporting its 4G network.

Source: Exchange filing

• Citi rated buy on PI Industries Ltd with a Price target of Rs 4,100.

• Management expects to achieve FY24 revenue growth guidance of 18-20%.

• PI down 10% over 6 month due to product concentration risk.

• Generic competition to pyroxasulfone in US is only expected from 2026.

• Diversification through recent investments in pharma CDMO space augurs well.

• Management targets 20-25% contribution from non-agrochem segment

Japan Stocks Advance, US Futures Dip Before CPI: Markets Wrap

• Citi Research maintained 'buy' on Hero MotoCorp and raised price target to Rs 5,500 apiece from Rs 3,800 apiece.

• Very strong ICE margin but EV-related spends result in a minor miss.

• Expect growth to be higher than industry on new models, premiumisation.

• Raise volume estimates by 1-4% over FY24-26E on demand revival in the broader industry.

• Increase margins estimates on cost reduction initiatives fructifying.

• Earnings estimates hiked by 6-19%.

FMCG Firms Extend Ad Blitz To Revive Lagging Mass Consumption

• Tata Motors: To meet analysts and investors on Feb.19.

• Ujjivan Small Finance Bank: To meet analysts and investors on Feb. 15.

• Landmarks Cars: To meet analysts and investors on Feb. 15.

• Garware Technical Fibres: To meet analysts and investors on Feb. 15.

• Narayan Hrudayalaya: To meet analysts and investors on Feb. 16.

• KEC International: To meet analysts and investors on Feb. 20 and 22.

• eMudhra: To meet analysts and investors on Feb. 29.

• Shriram Finance: To meet analysts and investors on Feb. 15.

• Mahindra Holidays: To meet analysts and investors on Feb. 26.

• Steel Strips Wheels: Promoter Dheeraj Garg released the pledge of 18.86 lakh shares on Feb. 9.

• Apollo Micro Systems: Promoter Karunakar Reddy Baddam created a pledge of 65 lakh on Feb. 9.

• Ion Exchange: Promoter Mahabir Prasad Patni sold 20,000 shares between Feb. 6 and 7.

• Som Distilleries and Breweries: Promoter group Jagdish Kumar Arora bought 5,000 shares on Feb. 12.

• Hindustan Foods: Sixth Sense India Opportunities 11 sold 6 lakh shares (0.53%) at Rs 552.9 apiece.

Borrowing Through Benchmark 10-Year Bond Crosses Rs 2 Lakh Crore

MSCI February Review: Here's What Changed For India Stocks

Coal India Q3 FY24 (Consolidated, YoY)

• Revenue up 2.79% at Rs 36,154 crore vs Rs 35,169.3 crore (Bloomberg estimate: Rs 35,651.70 crore).

• Ebitda up 9.47% at Rs 11,373.12 crore vs Rs 10,388.73 crore (Bloomberg estimate: Rs 9,873.90 crore).

• Margin expands 191 basis point to 31.45% vs 29.53% (Bloomberg estimate: 27.70%).

• Net profit up 17.8% at Rs 9,093.69 crore vs Rs 7,719.11 crore (Bloomberg estimate: Rs 7,740 crore).

• Board declares second interim dividend of Rs 5.25 per share.

GSK Pharma Q3 FY24 (Consolidated, YoY)

• Revenue up 0.36% at Rs 805.26 crore vs Rs 802.3 crore (Bloomberg estimate: Rs 970 crore).

• Ebitda down 4.66% at Rs 218.06 crore vs Rs 228.7 crore. (Bloomberg estimate: Rs 126.2 crore).

• Margin narrows 142 basis point to 27.07% vs 28.5% (Bloomberg estimate: 13%).

• Net profit down 72.21% at Rs 45.72 crore vs Rs 164.56 crore (Bloomberg estimate: Rs 78.6 crore).

Steel Authority Of India Q3 FY24 (Consolidated, YoY)

• Revenue down 6.77% at Rs 23,348.6 crore vs Rs 25,042.1 crore.

• Ebitda up 3.07% at Rs 2,142.5 crore vs Rs 2,078.6 crore.

• Margin expands 87 basis point to 9.17% vs 8.3%.

• Net profit down 21.99% at Rs 422.92 crore vs Rs 542.18 crore.

• Board declares interim dividend of Re 1 per share.

Skipper Q3 FY24 (Consolidated, YoY)

• Revenue up 80.17% at Rs 801.6 crore vs Rs 444.9 crore.

• Ebitda up 69.86% at Rs 77.1 crore vs Rs 45.39 crore.

• Margin narrows 58 basis point to 9.61% vs 10.2%.

• Net profit up 115.56% at Rs 20.5 crore vs Rs 9.51 crore.

Kirloskar Oil Engines Q3 FY24 (Consolidated, YoY)

• Revenue up 13.9% at Rs 1,390.1 crore vs Rs 1,220.44 crore.

• Ebitda up 33.3% at Rs 256.65 crore vs Rs 192.53 crore.

• Margin expands 268 basis point to 18.46% vs 15.77%.

• Net profit up 1.4% at Rs 89.39 crore vs Rs 88.15 crore.

Dilip Buildcon Q3 FY24 (Consolidated, YoY)

• Revenue up 23.87% at Rs 2,876.84 crore vs Rs 2,322.44 crore.

• Ebitda up 127.12% at Rs 357.04 crore vs Rs 157.2 crore.

• Margin expands 564 basis point to 12.41% vs 6.76%.

• Net profit up 2.38% at Rs 112.87 crore vs Rs 110.24 crore.

Ashiana Housing Q3 FY24 (Consolidated, YoY)

• Revenue up 44.23% at Rs 184.12 crore vs Rs 127.65 crore.

• Ebitda up 305.63% at Rs 32.37 crore vs Rs 7.98 crore.

• Margin expands 1,132 basis point to 17.58% vs 6.25%.

• Net profit up 207.18% at Rs 27.8 crore vs Rs 9.05 crore.

HEG Q3 FY24 (Consolidated, YoY)

• Revenue up 6.05% at Rs 562.4 crore vs Rs 530.27 crore (Bloomberg estimate: Rs 558.8 crore).

• Ebitda down 34.42% at Rs 86.64 crore vs Rs 132.12 crore (Bloomberg estimate: Rs 110.4 crore).

• Margin narrows 951 basis point to 15.4% vs 24.91% (Bloomberg estimate: 19.70%).

• Net profit down 58.28% at Rs 43.67 crore vs Rs 104.69 crore (Bloomberg estimate: Rs 87.5 crore).

JM Financial Q3 FY24 (Consolidated, YoY)

• Total income up 33.27% at Rs 1,261 crore vs Rs 946.1 crore.

• Net profit up 34.16% at Rs 322.4 crore vs Rs 240.3 crore.

Lakshmi Machine Works Q3 FY24 (Consolidated, YoY)

• Revenue down 0.63% at Rs 1,213.97 crore vs Rs 1,221.58 crore (Bloomberg estimate: Rs 1,298.30 crore).

• Ebitda down 5.83% at Rs 117.86 crore vs Rs 125.16 crore (Bloomberg estimate: Rs 136.3 crore).

• Margin at 9.7% vs 10.24%, narrows 53 basis point (Bloomberg estimate: 10.50%).

• Net profit down 12.58% at Rs 98.77 crore vs Rs 112.99 crore (Bloomberg estimate: Rs 110.2 crore).

Bannari Amman Sugars Q3 FY24 (Consolidated, YoY)

• Revenue down 17.62% at Rs 768.2 crore vs Rs 932.4 crore.

• Ebitda up 22.11% at Rs 119.51 crore vs Rs 97.87 crore.

• Margin expands 506 basis point to 15.55% vs 10.49%.

• Net profit up 66.63% at Rs 68.07 crore vs Rs 40.85 crore.

Elgi Equipments Q3 FY24 (Consolidated, YoY)

• Revenue up 6.39% at Rs 821.83 crore vs Rs 772.4 crore (Bloomberg estimate: Rs 839 crore).

• Ebitda up 13.11% at Rs 129.53 crore vs Rs 114.51 crore (Bloomberg estimate: Rs 140 crore).

• Margin expands 93 basis point to 15.76% vs 14.82% (Bloomberg estimate: 16.70%).

• Net profit up 4.77% at Rs 83.88 crore vs Rs 80.06 crore (Bloomberg estimate: Rs 99.8 crore).

 Galaxy Surfactants Q3 FY24 (Consolidated, YoY)

• Revenue down 13.33% at Rs 940.49 crore vs Rs 1,085.12 crore (Bloomberg estimate: Rs 970 crore).

• Ebitda down 26.98% at Rs 112.49 crore vs Rs 154.06 crore (Bloomberg estimate: Rs 126.2 crore).

• Margin narrows 223 basis point to 11.96% vs 14.19% (Bloomberg estimate: 13%).

• Net profit down 32.8% at Rs 71.37 crore vs Rs 106.21 crore (Bloomberg estimate: Rs 78.6 crore).

GR Infraprojects Q3 FY24 (Consolidated, YoY)

• Revenue down 2.64% at Rs 2,134.01 crore vs Rs 2,191.87 crore.

• Ebitda down 14.66% at Rs 507.59 crore vs Rs 594.84 crore.

• Margin narrows 335 basis point to 23.78% vs 27.13%.

• Net profit down 24.95% at Rs 242.87 crore vs Rs 323.65 crore.

The Phoenix Mills Q3 FY24 (Consolidated, YoY)

• Revenue up 44.19% at Rs 986.09 crore vs Rs 683.85 crore (Bloomberg estimate: Rs 936.7 crore).

• Ebitda up 43.51% at Rs 551.81 crore vs Rs 384.49 crore (Bloomberg estimate: Rs 533.5 crore).

• Margin narrows 26 basis point to 55.95% vs 56.22% (Bloomberg estimate: 57%).

• Net profit up 61.96% at Rs 343.99 crore vs Rs 212.39 crore (Bloomberg estimate: Rs 261.8 crore).

• CFO Anuraag Srivastava resigns effective March 18.

Optiemus Infracom Q3 FY24 (Consolidated, YoY)

• Revenue up 47.45% at Rs 481.7 crore vs Rs 326.68 crore.

• Ebitda up 41.54% at Rs 22.86 crore vs Rs 16.15 crore.

• Margin narrows 19 basis point to 4.74% vs 4.94%.

• Net profit up 42.56% at Rs 17.92 crore vs Rs 12.57 crore.

Time Technoplast Q3 FY24 (Consolidated, YoY)

• Revenue up 17.37% at Rs 1,324.65 crore vs Rs 1,128.61 crore.

• Ebitda up 26.29% at Rs 190.57 crore vs Rs 150.89 crore.

• Margin expands 101 basis point to 14.38% vs 13.36%.

• Net profit up 48.66% at Rs 93.11 crore vs Rs 62.63 crore.

Repco Home Finance Q3 FY24 (YoY)

• Total income up 18.8% at Rs 393.2 crore vs Rs 330.9 crore.

• Net profit up 23.1% at Rs 99.44 crore vs Rs 80.76 crore.

Most stock indices in Asia traded higher as they returned after the Lunar New Year's holiday, but Australia's S&P/ASX 200 was marginally lower. Stocks in China and Hong Kong remained closed.

U.S. indices ended on a mixed note after hitting new highs ahead of data expected to underscore further disinflation, paving the way for the Federal Reserve to start cutting interest rates this year.

Brent crude was trading 0.03% higher at $82.04 a barrel. Gold was flat at $2,020.04 an ounce.

Stock Market Today: All You Need To Know Going Into Trade On Feb. 13