Stock Market Today: Nifty, Sensex End Mixed As Tata Steel, Coal India Rise; ICICI Bank Drag

Overseas investors stayed net sellers on Monday for the second straight session.

Foreign portfolio investors offloaded stocks worth Rs 1,874.54 crore, according to provisional data from the National Stock Exchange. Domestic institutional investors turned net buyers after a day of selling and mopped up equities worth Rs 3,548.97 crore, the NSE data showed.

Foreign institutions have been net sellers of Rs 23,839 crore worth of Indian equities so far in 2024, according to data from the National Securities Depository Ltd., updated till the previous trading day.

• The local currency strengthened by 2 paise to close at 83.31 against the U.S dollar.

• It closed at 83.33 on Friday.

Source: Bloomberg

Indian benchmarks ended on a mixed note on Tuesday as Tata Steel Ltd., Hindalco Industries Ltd. rose, and ICICI Bank Ltd., HDFC Bank Ltd. declined.

The NSE Nifty 50 settled 27.05 or 0.12% higher at 22,529.05, and the S&P BSE Sensex ended 52.62 points or 0.071% lower at 73,953.31.

Further, markets struggled to find a direction as India moves closer to the election results day, when investors will proper insight about the country's political stability for coming years.

Intraday, the NSE Nifty 50 fell 0.43% to 22,404.55, and the S&P BSE Sensex fell 0.33% to 73,762.37.

"Diverging from their strong global counterparts, Indian equities commenced the week on a tepid note but a strong rally in the Energy and Metal counters not only helped the Index to recuperate its losses but compounded its gains as well to end the session at 22,529.05 with gains of 27.05 points." said Aditya Gaggar, director, Progressive Shares.

In addition to Metal and Energy, PSU bank segment outperformed while FMCG was the major laggard. A mixed activity was observed in the Broader markets where Midcaps marginally outperformed while Smallcaps ended the day in red, Gaggar said.

The Index has formed a bullish engulfing candle on the daily chart which indicates presence of buyers at the lower levels. Once the Index breaches the level of 22,600, we can expect a retest of its previous high of 22,790 while the downside seems to be protected at 22,400, he added.

Tata Steel Ltd., Coal India Ltd., Hindalco Industries Ltd., Powergrid Corp of India Ltd., and State Bank of India added to the index.

ICICI Bank Ltd., HDFC Bank Ltd., Larsen & Toubro Ltd., Infosys Ltd., and Tata Consultancy Services Ltd. weighed on the benchmark.

On NSE, six sectors advanced, and six declined out of 12. The NSE Nifty Bank was the top loser, and the NSE Nifty Metal was the top performing sector.

Broader markets ended on a mixed note. The S&P BSE Midcap ended 0.34% higher, and the S&P BSE Smallcap settled 0.18% lower.

On BSE, 13 sectors advanced, and seven declined out of 20. The S&P BSE Metal index jumped over 4% to become the best performing sector on Tuesday. Meanwhile, the S&P BSE FMCG sector declined the most.

Market breadth was skewed in favour of sellers. Around 2,311 stocks declined, 1,622 stocks rose, and 154 stocks remained unchanged on BSE.

• Revenue rose 3.7% to Rs 1,094 crore from Rs 1,055 crore

• Ebitda rose 19.6% to Rs 135 crore from Rs 113 crore

• Margin rose 170 basis points to 12.4% from 10.7%

• Net profit rose 39.3% to Rs 40 crore from Rs 29 crore

• Net profit rose 23.8% Rs 50 crore from Rs 40 crore

• Revenue rose 1.5% to Rs 256 crore from Rs 252 crore

• EBIT rose 7.8% to Rs 45 crore from Rs 42 crore

• EBIT margin rose 100 basis points to 17.5% vs 16.5%

• Man Industries Ltd. received a new export order worth Rs 505 crore.

Source: Exchange filing

Shares of Rail Vikas Nigam surged over 15% to the highest level since the company's listing on the exchanges after it secured an order worth Rs 148 crore.

Shares of Rail Vikas Nigam Ltd. surged 15.42% to 345.90, the highest level since its listing on April 11, 2019. It was trading 13.05% higher at Rs 338.80 as of 2:17 p.m., as compared to 0.17% advance in the NSE Nifty 50 index.

The scrip gained 183.17% in 12 months, and on year to date basis, it has risen 87.14%. Total traded volume so far in the day stood at 6.30 times its 30-day average. The relative strength index was at 78.22, which implied the stock is overbought.

One analysts tracking the company maintain a 'buy' rating, according to Bloomberg data. The average 12-month consensus price target implies a downside of 21.4%.

The NSE Nifty Midcap 150 rose 0.25% to 19,401.05, the highest level since its inception. It was trading 0.22% higher at 19,394.35 as of 1:59 p.m., as compared to 0.18% advance in the NSE Nifty index.

The NSE Nifty Smallcap 250 rose 0.23% to 15,972.85, the highest level since its incorporation. It erased all gains to trade 0.32% lower at 15,884.00 as of 1:55 p.m., as compared to 0.20% advance in the NSE Nifty 50 index.

• Net loss of Rs 1.4 crore against profit of Rs 37.5 crore

• Revenue fell 36.1% to Rs 118 crore from Rs 184 crore

• Ebitda fell 82.9 to Rs 10 crore from Rs 60 crore

• Margin fell 2,380 basis points to 8.7% vs 32.5%

• Vodafone Idea Ltd. is to raise Rs 2,075 crore via preferential allotment of shares.

• The company approved allotment of shares to Oriana Investments, an Aditya Birla Group entity, at Rs 14.87 per share

Source: Exchange filing

Indian benchmark stock indices rebounded, erasing their morning losses, through midday on Tuesday, led by gains in Coal India Ltd. and Tata Steel Ltd.

At 12:01 p.m., the NSE Nifty 50 was trading 42.00 points or 0.19% higher at 22,544.00, and the S&P BSE Sensex was 46.29 points or 0.06% up at 74,052.23. Intraday, the NSE Nifty 50 fell 0.43% to 22,404.55, and the S&P BSE Sensex fell 0.33% to 73,762.37.

"Any decline (of Nifty 50) near the support of 22,250–22,300 will be a good entry point, and on the higher side, resistance is now placed at 22,650 levels. RSI is trading above the average line, and sustaining above these would continue to keep the market's momentum positive. The highest call OI has moved higher to 23,000 strike, while on the downside, the highest put OI is at 22,400 for the weekly expiry," said Vikas Jain, a senior research analyst at Reliance Securities.

Coal India Ltd., Tata Steel Ltd., State Bank of India, Hindalco Industries Ltd., and Power Grid Corp of India Ltd. added to the index.

ICICI Bank Ltd., HDFC Bank Ltd., Infosys Ltd., Tata Consultancy Services Ltd., and ITC Ltd. weighed on the benchmark.

On NSE, six sectors declined, five advanced and one was flat. The NSE Nifty FMCG declined the most among sectoral indices, while the NSE Nifty Metal index was the top gainer.

Broader markets were mixed with the S&P BSE Midcap rising 0.17% and the S&P BSE Smallcap falling 0.17% through midday on Tuesday.

On BSE, 13 sectors advanced and three declined out of 20. The S&P BSE Utilities rose the most among sectoral indices, while the S&P BSE IT index declined the most.

Market breadth was skewed in favour of sellers. Around 2,098 stocks declined, 1,620 stocks rose, and 202 stocks remained unchanged on BSE.

• Nibe Ltd. signed a technology transfer pact with the Defence Ministry for manufacture and sale of anti-terrorist vehicles to central and state defence agencies.

Source: Exchange filing

Shares of Hindalco Industries Ltd. rose 4.19% to Rs 688.00, the highest level since its listing on Jan 8, 1997. It was trading 3.88% higher at Rs 686.00 as of 12:50 p.m., as compared to 0.27% advance in the NSE Nifty 50 index.

The scrip gained 68.26% in 12 months, and on year to date basis, it has risen 11.5%. Total traded volume so far in the day stood at 2.0 times its 30-day average. The relative strength index was at 74.58.

Out of 27 analysts tracking the company, 24 maintain a 'buy' rating, one recommend a 'hold,' and two suggest 'sell', according to Bloomberg data. The average 12-month consensus price target implies an downside of 2.4%.

Tata Steel Ltd. rose to the highest level since listing Tuesday after the company signed a pact with National Grid for Port Talbot. National Grid will build new electrical infrastructure.

The NSE Nifty Metal index ros 3.07% to 9,903.80,the highest level since its incorporation on July 12, 2011. It was trading 3.05% higher at 9,901.0 as of 12:17 p.m., as compared to 0.20% advance in the NSE Nifty 50 index.

The index has been rising to the record level since Friday. In these three session the NSE Nifty Metal gained 3.81%.

Trident Ltd. slipped to the lowest level in over one-week low after its net profit fell over 54% during January-March.

The textiles manufacturer's consolidated net profit declined 54.8% on the year to Rs 59 crore. Trident's profit margin also declined 490 basis points on the year to 12% in the quarter ended in March.

Shares of Trident Ltd. declined 9.14% to Rs 36.80, the lowest level since May 10. It pared losses to trade 6.17% down at Rs 38.00 as of 11:05 a.m., as compared to 0.01% decline in the NSE Nifty 50 index.

The scrip gained 10.63% in 12 months, and on year to date basis, it has risen 4.82%. Total traded volume so far in the day stood at 4.6 times its 30-day average. The relative strength index was at 43.87.

Two analysts tracking the company maintain a 'buy' rating, according to Bloomberg data.

• Axis Securities maintained a Hold with target price Rs 2,155, which implied a downside of 1%.

• Q4 Revenues inline while EBITDA/PAT beat estimates

• Strong order wins of Rs. 1199 cr, Europe at €31mn in FY24

• Cumulative 5 year order book at 36% for EV, 48% Hybrids

• FY24 Capex was at Rs. 383 cr, Rs 400 cr for FY25

• Focus on product premiumization and targetted shift to 4W

• View Endurance favourably as an auto sector investment

• FY25E/FY26E Revenue estimate up by 0.3%, PE at 30X FY26

Bharat Electronics Ltd. rose to the highest level since its listing on bourses after the company posted 30% rise in its net profit during January-March.

The defense equipment manufacturer's consolidated net profit rose 30% on the year to Rs 1,797 crore in the quarter ended in March.

Shares of Bharat Electronics Ltd. rose 9.35% to Rs 283.00, the highest level since its listing on Jul 19, 2000. It was trading 7.34% higher at Rs 277.80 as of 10:45 a.m., as compared to 0.19% decline in the NSE Nifty 50 index.

The scrip gained 152.69% in 12 months, and on year to date basis, it has risen 51.38%. Total traded volume so far in the day stood at 8.5 times its 30-day average. The relative strength index was at 82.88, which implied the stock is overbought.

Out of 29 analysts tracking the company, 22 maintain a 'buy' rating, four recommend a 'hold,' and three suggest 'sell', according to Bloomberg data. The average 12-month consensus price target implies an downside of 12.2%.

The NSE Nifty Next 50 index rose 0.99% to Rs 68,324.25, the highest level since its incorporation on December 24, 1996. It was trading 0.84% higher at Rs 68,227.25 as of 10:30 a.m., as compared to 0.10% decline in the NSE Nifty 50 index.

• Shriram Properties Ltd. has signed a joint development agreement for 4 acre land parcel in Yelahanka, Bengaluru.

• New project to have revenue potential of Rs 250 crore

Source: Exchange filing

Shares of Kalpataru Projects International Ltd. jumped to the highest level since listing on bourses after it inked three Aramco contracts worth Rs 7,550 crore.

Kalpataru Projects International Ltd. jumped 14.24% to Rs 1,369.95, the highest level since its listing on Dec 15, 2000. It pared gains to trade 5.80% higher at Rs 1,268.80 as of 10:14 a.m., as compared to 0.15% decline in the NSE Nifty 50 index. 

The scrip gained 146.70% in 12 months, and on year to date basis, it has gained 78.72%. Total traded volume so far in the day stood at 6.1 times its 30-day average. The relative strength index was at 64.88.

Out of 14 analysts tracking the company, 11 maintain a 'buy' rating, two recommend a 'hold,' and one suggest 'sell', according to Bloomberg data. The average 12-month consensus price target implies a downside of 2.8%

IFGL Refractories Ltd. declined to the lowest level since in over one-week after the company reported a fall in its net profit during January-March quarter. Its net consolidated net profit fell 57.3% on year to Rs 13 crore.

India's volatility gauge rose to an over 19-month high on Tuesday, a day after the fifth phase of elections, with Maharashtra recording the lowest voter turnout among other states on Monday.

The markets' fear gauge, India VIX, rose as high as 8.66% in early trade to 22.3, and was up 7.1% at 22.02 as of 10:02 a.m. The previous highest level was seen at 22.3 on Sept. 26, 2022.

Patel Engineering jumped to the highest level in three weeks after the company said it will acquire stake in Shail Tunneling and Infra Pvt. Ltd. Shares of the company rose as much as 12.46% to Rs 65.90, the highest level since April 25.

Shares of the company rose as much as 12.46% to Rs 65.90, the highest level since April 25. It pared gains to trade 8.70%

The scrip gained 153.28% in 12 months, and on year to date basis, it has gained 5.82%. Total traded volume so far in the day stood at 8.3 times its 30-day average. The relative strength index was at 62.23.

One analysts tracking the company maintains a 'buy' rating, according to Bloomberg data. The average 12-month consensus price target implies an upside of 26.0%

Benchmark equity indices opened lower after three consecutive sessions of gains as shares of HDFC Bank dragged.

At pre-open, the Nifty was down 97.45 points or 0.43% at 22,404.55 and the Sensex was at 73,842.9, down 162.98 points or 0.22%.

Any decline near to the support of 22,250-22,300 will be a good entry point and on the higher side now resistance is placed at 22,650 levels, said Vikas Jain, senior research analyst at Reliance Securities.

Shares of HDFC Bank Ltd., Reliance Industries Ltd., Axis Bank Ltd., ICICI Bank Ltd., and Tata Consultancy Services Ltd. dragged the index.

While those of Bharti Airtel Ltd., Kotak Mahindra Bank Ltd., Oil & Natural Gas Corp., Hindalco Industries Ltd., and Coal India Ltd minimised the losses.

Broader indices also fell. S&P BSE Midcap traded 0.1% lower and S&P BSE Smallcap fell 0.3%.

Nine out of 20 sectoral indices on the BSE fell while eleven advanced. S&P BSE Metal was the top gainer.

The market breadth was skewed in the favour of sellers. Around 1,593 stocks fell, 1,456 rose and 174 remained unchanged on the NSE.

—MF, AIF, FPI debt presently not allowed to be purchased by other lenders

—Permission sought to allow trade of institutional debt in distressed situations

—Move will help in complete resolution of NPAs

—RBI said to take this issue up with SEBI

Presently, banks, NBFCs, HFCs, All India Financial Institutions, etc allowed to freely trade in NPAs

Source: People In The Know

In pact with BeiGene for Marketing and Distribution of Tislelizumab and Zanubrutinib in India

Source: Exchange filing

At pre-open, the Nifty was down 97.45 points or 0.43% at 22,404.55 and the Sensex was at 73,842.9, down 162.98 points or 0.22%.

• Citi maintains buy on Concor; TP: 1340 vs 1224 earlier

• Surprised positively with unusually strong growth guidance for FY25E

• Expect 25% domestic volume growth and 15% EXIM volume growth

• Strong guidance likely due to shift from roads to rail

• Lower land lease fee and possibility of privatisation post elections to lead performance

• Tweak FY25 EPS estimate and roll forward to March 26E

To acquire sale and distribution business of New Wembley Products for Rs 20 crore

Source: Exchange filing

The yield on the 10-year bond opened flat at 7.10%.

Source: Bloomberg

The local currency opened flat against the U.S. Dollar at 83.32.

Source: Bloomberg

• Nomura maintains Buy on eClerx Service at Rs 2800 target

• Rise in near term investments for higher long term growth

• FY25 margin guidance cut by 400 bps at 24-28%

• 80% new business via client references, margin profile validates strong value proposition

• Believe company has potential to emerge as major contender in BPO space

• Expect growth acceleration for company from H2FY25

• Expect USD revenue growth of 12.3%/14.6% for FY25/26

• Expect adj. EBITDA margin to drop 220 bps in FY25F, and improve in FY26

• Nuvama maintains Reduce on India Cements, cuts target to Rs 162

• Q4 volumes down 12% YoY due to working capital constraint

• Cement realisation down 7% QoQ on consistent price rollbacks

• Committed capex of Rs 700-750 crore over next 2 years

• Management expects cost savings of Rs 150–175/t

• Cut FY25/26 Ebitda estimates by 8%/6% considering weak pricing environment

• "Reduce" rating maintains factoring on long standing debt concerns

• Maintains Sell with TP 2300, downside 17%

• 4QFY24 Results Above Estimates led by volume growth

• Geopolitical Uncertainty Is an Overhang on Volume Growth

• Increase in raw material costs and freight rates have also been elevated

• ASP could be higher but significant margin expansion could be difficult

• Trim earnings estimates over FY25-26, due to a more cautious stance on demand

• E-commerce volumes missed estimates significantly

• Decline in Meesho wallet-share a key driver that led to Ebitda miss

• Supply-chain services are seeing strong growth momentum

• Remain medium-term constructive given sustained operating profitability

• Lower FY25 Revenue/Adj EBITDA estimates by 6%/20%

• Capex intensity likely to decline in FY25 to <7% of revenues

• Expect growth in PTL, SCS businesses to help expand margins from 12% to 16-18%

• Target price Rs 230 target (10.2% upside)

• Management's optimistic outlook across key segments creates room for upsides

• Management expects transmission volumes to grow by 10+ mmscmd p.a. over FY25-26

• Management Gas marketing EBIT guidance is "at least” Rs 4000-4500 cr in FY25

• -Concern areas: Elevated capex, rising Henry Hub prices

• Price target of Rs 1,519 (16.5% downside)

• FY24 total presales up 28% at Rs 6,644 crore, expects Rs 8500 cr in FY25

• Improvement in sales and cash flows are mirroring the trend in the property sector

• Believes current valuations leaves little room for execution misses

• Maintain Buy with Rs 3,070, upside 9%

• Earnings beat on the back of higher volumes/realisation

• Volumes beat on robust growth in agri segment and Americas/India replacement market

• Realization beat led EBITDA growth of 42%

• Revenue/EBITDA CAGR of 17%/24% over FY24-26, higher than industry

• Maintains 'Buy', Target hiked to Rs 3,885 from Rs 3,352

• Consumption & rentals across malls continue to grow

• Like-to-like retail consumption in 4QFY24 grew 10% YoY

• Well positioned to benefit from continuing organic consumption

• To see benefit of addition of new malls across India

• Maintains Buy, Target hiked to Rs 2,550 (16.5% upside) from Rs 2,300

• Robust operational beat buoyed by govt incentives

• Order win trends are positive; new orders across product lines

• Greenfield project announced to cater to strong demand

• To increase revenue from 4W, 150cc+ bikes ABS and absorption

• Target price lowered to Rs 137 from Rs 175 earlier

• Q4 performance was decent

• Management called out improvement in industry trends

• Increasing ad spends by FMCG players and margin expansion

• Zee implementing strategic initiatives around reducing costs

• Impact of implementation of initiatives to be watched

• US Dollar Index at 104.13.

• US 10-year bond yield at 4.44%.

• Brent crude flat at $83.72 per barrel.

• Nymex crude down 0.23% at $79.62 per barrel.

• Bitcoin was up 2.16% at $71,026.

• GIFT Nifty is up 7.5 points or 0.03% at 22,610.00 as of 7:24 a.m.

• Moved out of short-term ASM framework: Allsec Technologies Ltd., Cartrade Tech Ltd., Suraj Estates Developers Ltd.

• Moved into short-term ASM framework: Honeywell Automation India Ltd., Semac Consultants Ltd.

• Thirumalai Chemicals: Nilesh Kishor Shah bought 5.23 lakh shares (0.51%) at Rs 263.92 apiece.

• PB Fintech Pvt.: Yashish Dahiya sold 54 lakh shares (1.19%), Alok Bansal sold 29.7 lakh shares (0.65%), while Societe Generale - Odi bought 15.95 lakh shares (0.35%), Morgan Stanley Asia (Singapore) Pte - ODI bought 14.65 lakh shares (0.32%), among others at Rs 1,325.15 apiece.

• Go Digit General Insurance: The public issue was subscribed to 9.6 times on day 3. The bids were led by institutional investors (12.56 times), non-institutional investors (7.24 times), retail investors (4.27 times).

• IFGL Refractories Ltd.: Company re-appointed James Leacock McIntosh as managing director for three years from Sept. 1

• Patel Engineering Co.: Acquired 10% stake in Shail Tunnelling & Infra for Rs 51,000.

• Marine Electricals (India) Ltd.: Received order worth Rs 29 crore from McGeoch Technology for supply of switchboards.

• Lupin Ltd.: US FDA concluded pre-approval inspection at New Jersey manufacturing facility. The FDA closed inspection at New Jersey facility with issuance of Form-483 and six observations.

• Jupiter Wagons Ltd.: Board approved issuance of convertible warrants worth up to Rs 135 crore.

• Solara Active Pharma Sciences Ltd.: US FDA inspection at Vishakhapatnam facility closed with zero observations.

• Rail Vikas Nigam Ltd.: Received order worth Rs 148 crore from South Eastern Railway for electric traction system

• Oil India Ltd.: Board recommended issue of bonus shares in the ratio of 1:2. Board set July 2, 2024 as record date for bonus share issue.

• Indian Railway Finance Corp: Board approved 2024-25 borrowing of up to Rs 50,000 crore via bonds from domestic and international markets.

• Dish TV India Ltd.: Board approved convening EGM of shareholders at 11:30 a.m. on June 14.

• Godrej Properties: Acquired 10 land parcels in fiscal 2024 to build projects worth Rs 21,000 crore, PTI reported.

• Kalpataru Projects International Ltd.: Signed three Aramco contracts worth approximately Rs 7,550 crore for three packages of third expansion phase of Master Gas System Network in Saudi Arabia.

• Biocon Biologics: Received US FDA approval for Yesafili Bla.

• Bharti Airtel Ltd.: Step-down arm repays $550 million worth senior notes.

• HDFC Bank Ltd.: To acquire additional 1.81% stake in Sewa Grih Rin for Rs 17 crore.

• ESAF Small Finance Bank: The board approved the appointment of George Kalapa Ambil John as whole-time director, designated as executive director, for three years.

• IDFC Bank: Shareholders approved the merger with IDFC First Bank.

• HFCL: The company's Netherlands based arm acquired 100% stake in Poland-based Blue Diwali.

• Tata Steel Ltd.: Company signed pact with National Grid for Port Talbot. National Grid will build new electrical infrastructure.

• Telecom shares: Department of Telecommunication said that Jio, Vodafone Idea Ltd. and Bharti Airtel Ltd. are the final bidders.

• RITES Ltd.: Company inked pact with Bangladesh Railway for supplying 200 passenger coaches for Rs 915 crore.

• BLS International Services Ltd.: Company has incorporated subsidiaries in Columbia and Peru.

• Deepak Nitrite Ltd.: Declared dividend of Rs 7.5 per share.

• Anand Rathi Wealth: Record date for share buyback is June 3.

ONGC (Q4, Standalone QoQ)

• Net profit down 0.23% to Rs 9,869.4 crore.

• Revenue down 0.44% to Rs 34,636.7 crore.

• Ebitda up 3.63% to Rs 15,890.7 crore.

• Margin at 45.88% versus 44.08%.

Amber Enterprises (Q4, YoY)

• Net profit down 8.4% to Rs 99 crore.

• Revenue down 6.6% to Rs 2,805 crore.

• Ebitda up 9% to Rs 222 crore.

• Margin at 7.9% versus 6.8%.

Ujjivan Small Finance Bank (Q4, YoY)

• Net profit up 6.5% to Rs 330 crore.

• Net interest income up 26% to Rs 934 crore.

• Net NPA at 0.28% versus 0.17% (QoQ).

• Gross NPA at 2.23% versus 2.18% (QoQ).

• Board recommends final dividend of Rs 1.5/share.

IFGL Refractories (Q4, Consolidated YoY)

• Net profit down 57.3% to Rs 13 crore.

• Revenue up 7% to Rs 394 crore.

• Ebitda down 28% to 35 crore.

• Margin at 8.8% versus 13.1%.

• Board recommends final dividend of Rs 7 per share.

Anupam Rasayan (Q4, Consolidated YoY)

• Net profit down 44.3% to Rs 40 crore.

• Revenue down 16.5% to Rs 401 crore

• Ebitda down 21% to Rs 93 crore.

• Margin at 23.1% versus 24.4%.

Trident (Q4, Consolidated YoY)

• Net profit down 54.8% to Rs 59 crore.

• Revenue up 6.9% to Rs 1,682 crore.

• Ebitda down 24.2% to Rs 202 crore.

• Margin at 12% versus 16.9%.

Data Patterns (Q4, YoY)

• Net profit up 28.4% to Rs 71 crore.

• Revenue down 1.5% to Rs 182 crore.

• Ebitda up 26.8% to Rs 93 crore.

• Margin at 51% versus 39.6%.

• Board recommends final dividend of Rs 6.5 per share.

Krsnaa Diagnostics (Q4, Consolidated YoY)

• Net profit down 1.1% to Rs 18.7 crore.

• Revenue up 24.8% to Rs 166 crore.

• Ebitda up 27% to Rs 44 crore.

• Margin at 26.3% versus 25.9%.

Rainbow Children's Medicare (Q4, Consolidated YoY)

• Net profit down 5.3% to Rs 51 crore.

• Revenue up 7.6% to Rs 341 crore.

• Ebitda up 7.7% to Rs 106 crore.

• Margin flat at 30.9%.

• Board recommends final dividend of Rs 3 per share.

India Cements (Q4, Consolidated YoY)

• Revenue down 15% to Rs 1,267 crore.

• Net loss at Rs 61 crore versus loss of Rs 227 crore.

• Ebitda profit at Rs 38 crore versus Ebitda loss of Rs 47 crore.

• Margin at 2.9%.

VRL Logistics (Q4, YoY)

• Net profit down 89% to Rs 22 crore.

• Revenue up 10% to Rs 768 crore.

• Ebitda down 7.7% to Rs 105 crore.

• Margin at 13.7% versus 16.3%.

Apollo Pipes (Q4, YoY)

• Net profit down 57% to Rs 6.5 crore.

• Revenue down 2.8% to Rs 245 crore.

• Ebitda down 18% to Rs 24 crore.

• Margin at 9.7% versus 11.5%.

Oil India (Q4, QoQ)

• Net profit up 28% to Rs 2,029 crore.

• Revenue down 1% at Rs 5,527 crore.

• Ebitda up 11% to Rs 2,336 crore.

• Margin at 42.3% versus 39.6%.

• Board approved dividend of Rs 3.75 per share.

IRFC (Q4, YoY)

• Total income up 5% to Rs Rs 6,473 crore.

• Net profit up 34% to Rs 1,717 crore.

Bharat Electronics Ltd. (Q4, Consolidated YoY):

• Net profit up 30% to Rs 1,797 crore.

• Revenue up 32% to Rs 8,564 crore.

• Ebitda up 25% to Rs 2,287 crore.

• Margin at 26.7% versus 28.3%.

City Union Bank (Q4, YoY)

• Net profit up 17% to Rs 255 crore.

• NII up 12% to Rs 547 crore.

• Net NPA at 1.97% versus 2.19% (QoQ).

• Gross NPA at 3.99% versus 4.47% (QoQ).

Whirlpool (Q4, YoY)

• Net profit up 25% to Rs 79 crore.

• Revenue up 3.6% to Rs 1,734 crore.

• Ebitda up 36% to Rs 144 crore.

• Margin at 8.3% versus 6.3%.

• Board recommends a final dividend of Rs 5 per share.

Chemplast Sanmar (Q4, Consolidated YoY)

• Net loss at Rs 31 crore versus net profit of Rs 46 crore.

• Revenue down 8% to Rs 1,051 crore.

• Ebitda down 79% to Rs 21 crore.

• Margin at 2% versus 8.5%.

Triveni Engineering (Q4, Consolidated YoY)

• Net profit down 15.4% to Rs 161 crore.

• Revenue down 15% to Rs 1,548 crore.

• Ebitda down 6.7% to Rs 246 crore.

• Margin at 15.9% versus 14.5%.

SAIL (Q4, Consolidated YoY)

• Net profit down 2.8% to Rs 1,126 crore.

• Revenue down 4% to Rs 27,958 crore.

• Ebitda up 19% to Rs 3,482 crore.

• Margin at 12% versus 10%.

• Board recommends final dividend of Re 1 per share

Rolex Rings (Q4, YoY)

• Net profit down 49% to Rs Rs 23.6 crore.

• Revenue up 5.6% to Rs 316 crore.

• Ebitda up 11.5% to Rs 72 crore.

• Margin at 22.7% versus 21.5%.

Carysil (Q4, Consolidated YoY)

• Net profit up 26% to Rs 15.8 crore.

• Revenue up 31% to Rs 191 crore.

• Ebitda up 31.5% to Rs 34.5 crore.

• Margin at 18.1% versus 18%.

Prataap Snack (Q4, Consolidated YoY)

• Net profit down 43% to Rs 12.4 crore.

• Revenue down 3% to Rs 387 crore.

• Ebitda up 5% to Rs 32.5 crore.

• Margin at 8.4% versus 7.8%.

Nesco (Q4, YoY)

• Net profit up 24% to Rs 105 crore.

• Revenue up 20% to Rs 189 crore.

• Ebitda up 17% to Rs 117 crore.

• Margin at 61.9% versus 63.7%.

Power Mech Projects (Q4, Consolidated YoY)

• Net profit up 12% to Rs 84 crore.

• Revenue up 11% to Rs 1,302 crore.

• Ebitda up 15% to Rs 150 crore.

• Margin at 11.5% versus 11.2%.

Bharat Heavy Electricals Ltd., NMDC Ltd., Eris Lifesciences Ltd., Metropolis Health Ltd. and JK Tyre & Industries Ltd. will be among the major firms to report their fourth quarter earnings on Tuesday.

PI Industries Ltd., Hitachi Energy India Ltd. (Q1), GE T&D India Ltd., Ircon International Ltd., Maharashtra Seamless Ltd., Aether Industries Ltd., Sheela Foam Ltd., Galaxy Surfactants Ltd., Rategain, Laxmi Organic Industries Ltd., Arvind Fashions Ltd., Gulf Oil Lubricants India Ltd., VA Tech Wabag, Greenply Industries Ltd., Dollar Industries Ltd., Fiem Industries Ltd., Mayur Uniquoters Ltd., Action Construction Equipment Ltd. and Godawari Power & Ispat Ltd. are the other companies expected to report their earnings on Tuesday.

Here are the earnings estimates of major companies that are scheduled to announce their results on Tuesday:

Most of the indices in the Asia-Pacific region declined as commodity prices rose, with gold trading near record highs due to geopolitical tension in Ukraine and West Asia. However, in Japan, indices traded higher.

US markets closed higher on Monday as investors remained positive about Nvidia Corp.'s earnings following bullish analysts' calls, Bloomberg reported.

The S&P 500 and Nasdaq composite settled 0.09% and 0.65% higher, respectively, on Monday. The Dow Jones Industrial Average settled 0.49% lower.

As of 07:32 a.m., Brent Crude's July futures were trading at $83.71.

Gold futures rose 1.52% to $2,454 on Monday, marking the highest level as traders flock to the safe haven on risk-off sentiment due to tension in West Asia and Ukraine. It was trading 0.18% higher at $2,429.68 as of 6:51 a.m.

GIFT As of 7:24 a.m., the Nifty was trading at 22,610.00, up by 7.5 points, or 0.03%.

The Indian markets traded on Saturday as the national bourses conducted a special trading session for an easy switch over to a disaster recovery site. The equity benchmark indices extended a winning streak for a third day on Saturday, ending higher on both of the special sessions.

The S&P BSE Sensex closed 88.91 points, or 0.12% higher, at 71,005.94, while the NSE Nifty 50 advanced 35.9 points, or 0.16%, to end at 22,502.