Stock Market Today: All You Need To Know Going Into Trade On Aug. 11

Asian stocks extended a rally Thursday after softer-than-expected US inflation data, which stoked speculation that the Federal Reserve could pivot to a shallower pace of interest-rate hikes.

Shares added about 1% in Australia and South Korea, while Hong Kong futures were up a similar amount. US and European contracts were in the green after the S&P 500 hit a three-month high and the technology-heavy Nasdaq 100 pulled 20% above a June low.

At 7:05 am, the Singapore-traded SGX Nifty -- an early barometer of India's benchmark Nifty 50 -- traded 1.1% higher at 17,742.

The dollar held losses in the wake of the optimism in the US session, which saw a greenback gauge retreat the most since the onset of the pandemic.

Crude oil held most of a jump above $91 a barrel, while Bitcoin broke past $24,000 in a sign of the brighter spirits in markets.

Eicher Motors Q1 FY23 (Consolidated, QoQ)

• Revenue rose 6% to Rs 3,397.5 crore Vs Rs 3,193 crore (Bloomberg estimate: Rs 3,304 crore)

• EBITDA up 10% to Rs 831 crore Vs Rs 757 crore (Bloomberg estimates: Rs 769 crore)

• EBITDA margin up 24.5% Vs 23.7% (Bloomberg estimate: 23.3%)

• Net profit remained flat at Rs 611 crore Vs Rs 610.14 crore (Bloomberg estimate: Rs 601 crore)

Krishna Institute of Medical Sciences Q1 FY23 (Consolidated, YoY)

• Revenue up 5% at Rs 496 crore Vs Rs 473 crore (Bloomberg estimate: Rs 482 crore)

• EBITDA down 5% to Rs 137 crore Vs Rs 144 crore (Bloomberg estimate: Rs 137 crore)

• EBITDA margin at 27.7% Vs 30.4% (Bloomberg estimate: 28.3%)

• Net profit down 21% to Rs 70 crore Vs Rs 89 crore (Bloomberg estimate: Rs 79 crore)

Coal India Q1 FY23 (Consolidated, QoQ)

• Revenue up 9% at Rs 35,092.2 crore Vs Rs 32,706.7 crore (Bloomberg Estimate: Rs 29,994.6 crore)

• EBITDA up 35% Rs 12,250.9 crore Vs Rs 9,078.8 crore (Bloomberg Estimate: 8,254.5 crore)

• EBITDA margin 34.9% Vs 27.8%

• Net profit up 32% at Rs 8,834.22 crore Vs Rs 6,715 crore (Bloomberg Estimate: Rs 5,716.8 crore)

Tata Consumer Products Q1 FY23 (Consolidated, QoQ)

• Revenue up 5% at Rs 3,326.83 crore Vs Rs 3,175.41 crore

• EBITDA up 3% to Rs 456.57 crore Vs Rs 444.33 crore

• EBITDA margin at 13.7% Vs 14%

• Net profit up 16% to Rs 276.72 crore Vs Rs 239.05 crore

Metropolis Healthcare Q1 FY23 (Consolidated, YoY)

• Revenue down 14% at Rs 280 crore Vs Rs 327 crore (Bloomberg estimate: Rs 313 crore)

• EBITDA down 33% to Rs 68 crore Vs Rs 102 crore (Bloomberg estimate: Rs 74 crore)

• EBITDA margin at 24.5% Vs 31.3% (Bloomberg estimate: 23.7%)

• Net profit down 55% to Rs 33 crore Vs Rs 75 crore (Bloomberg estimate: Rs 40 crore)

Abbott India Q1 FY23 (Consolidated, YoY)

• Revenue up 7% at Rs 1,304 crore Vs Rs 1,218 crore (Bloomberg estimate: Rs 1,318 crore)

• EBITDA up 2% to Rs 270 crore Vs Rs 265 crore (Bloomberg estimate: Rs 296 crore)

• EBITDA margin at 20.7% Vs 21.8% (Bloomberg estimate: 22.4%)

• Net profit up 5% to Rs 206 crore Vs Rs 196 crore (Bloomberg estimate: Rs 219 crore)

Glenmark Pharmaceuticals Q1 FY23 (Consolidated, YoY)

• Revenue down 6% at Rs 2,777 crore Vs Rs 2,965 crore (Bloomberg estimate: Rs 2,866 crore)

• EBITDA down 25% to Rs 432 crore Vs Rs 574 crore (Bloomberg estimate: Rs 475 crore)

• EBITDA margin at 15.5% Vs 19.3% (Bloomberg estimate: 16.6%)

• Net profit down 31% to Rs 211 crore Vs Rs 307 crore (Bloomberg estimate: Rs 182 crore)

Aarti Industries Q1 FY23 (Consolidated, YoY)

• Revenue up 50% at Rs 1,972 crore Vs Rs 1,317 crore

• EBITDA up 18% at Rs 369.31 crore Vs Rs 313.81 crore

• EBITDA margin 19% Vs 24%

• Net profit up 15% at Rs 189.07 crore Vs Rs 165.08 crore

Steel Authority of India Q1 FY23 (Consolidated, YoY)

• Revenue up 17% at Rs 24,029 crore Vs Rs 20,643 crore

• EBITDA fell 65% at Rs 2,301.55 crore Vs Rs 6568.2 crore

• EBITDA margin 10% Vs 32%

• Net profit fell 79% at Rs 804.5 crore Vs Rs 3,897.36 crore

Indian Railway Catering and Tourism Corporation (Consolidated, QoQ)

• Revenue up 23% at Rs 853 crore Vs Rs 691 crore

• EBITDA up 15% at Rs 320.94 crore Vs Rs 278.53 crore

• EBITDA margin 38% Vs 40%

• Net profit up 15% at Rs 245.52 crore Vs Rs 213.78 crore

Patanjali Foods Q1 FY23 (Standalone, QoQ)

• Revenue up 8% at Rs 7,210.96 crore Vs Rs 6,663.72 crore

• EBITDA down 4% to Rs 391.68 crore Vs Rs 406.07 crore

• EBITDA margin at 5.4% Vs 6.1%

• Net profit up 3% to Rs 241.25 crore Vs Rs 234.43 crore

Oil India Q1 FY23 (Consolidated, QoQ)

• Revenue up 33% at Rs 5,968 crore Vs Rs 4,479 crore

• EBITDA up 35% at Rs 2,636.36 crore Vs Rs 1,958.45 crore

• EBITDA margin remained flat at 44%

• Net profit fell 5% at Rs 1,555.49 crore Vs Rs 1,630.01 crore

PB Fintech Q1 FY23 (Consolidated, QoQ)

• Revenue fell 6.5% at Rs 505 crore Vs Rs 540 crore

• EBITDA loss narrowed to Rs 234.30 crore from Rs 255.02 crore

• Net loss narrowed to Rs 204.33 crore from Rs 219.6 crore

• NHPC: The company approved monitisation of Uri-1 Power Station or any other power stations for 10-15 years in single tranche during FY23.

• Mahindra & Mahindra: Life Insurance Corporation has reduced its stake to 6.42% from 8.43%.

• GAIL: The company will consider raising funds via foreign currency bonds or term loan on Aug. 17.

• InterGlobe Aviation, SpiceJet: India to Remove Fare Bands for Domestic Airlines From Aug. 31

• HDFC says sale of assets has no connection with HDFC Bank merger; assets sale is part of day-to-day operations

Earnings: Apollo Hospitals Enterprise, Aster DM Healthcare, Aurobindo Pharma, Bata India, Bharat Forge, Gujarat Ambuja Exports, GE T&D India, Greaves Cotton, Garden Reach Shipbuilders & Engineers, Himadri Speciality Chemical, KNR Constructions, Trent, Suprajit Engineering, Sunteck Realty, Shilpa Medicare, Sapphire Foods India, Sandur Manganese & Iron Ores, Safari Industries (India), KSB, Page Industries, The Phoenix Mills, Quess Corp

• Maharashtra Seamless: Promoter Group Sudha Apparels bought 32,000 shares on August 8.

• Apcotex Industries: Promoter Group Rita Ashok Parekh bought 2,700 shares on August 8.

• Godrej Agrovet: Promoter Godrej Industries bought 58,825 shares on August 4.

• DB Corp: Promoter Sudhir Agarwal bought 9,481 shares on August 8.

• JK Paper: Renaissance Emerging Markets Equity Private Pool Pzena Investment Management LLC bought 11 lakh (0.64%) shares at Rs 611.74 apiece.

• Kirloskar Ferrous Industries: Nippon India Mutual Fund bought 15 lakh (1.08%) shares at Rs 212 apiece. Ambar Gautam Kulkarni and Nihal Gautam Kulkarni sold 7.74 lakh (0.56%) shares at Rs 212 apiece. Jyotsana Gautam Kulkarni sold 15.49 lakh (0.56%) shares at Rs 212 apiece.

• Kirloaskar Pneumatic: Valuequest Investment Advisors bought 3.94 lakh (7.44%) shares at Rs 463 apiece. Alpna Enterprises bought 4 lakh (7.5%) shares at Rs 463 apiece. Jagdish Naresh Master and Tata Mutual Fund bought 5 lakh shares (9.45%) at Rs 463 apiece. ICICI Prudential Life Insurance Company bought 8.65 lakh (16.35%) shares at Rs 463 apiece. L&T Mutual Fund bought 10.79 lakh (20.4%) shares at Rs 463 apiece. Ambar Gautam Kulkarni and Nihal Gautam sold 23.31 lakh (44.08%) shares at Rs 463 apiece. Jyotsana Gautam Kulkarni sold 46.62 (88.16%) lakh shares at Rs 463 apiece. Aditya Birla Sun Life Mutual Fund bought 5.91 lakh (11.18%) shares at Rs 463 apiece. Franklin Templeton Mutual Fund bought 9.37 lakh (17.72%) shares at Rs 463 apiece.

• Zensar Technologies: Amansa Holdings bought 71.78 lakh (3.17%) shares at Rs 223 apiece. Plutus Wealth Management sold 75 lakh (3.31%) shares at Rs 223 apiece.

• Nuvoco Vistas Corporation: To meet investors and analysts on August 11.

• MSTC: To meet investors and analysts on August 11.

• Piramal Enterprises: To meet investors and analysts on August 11.

• ICICI Bank: To meet investors and analysts on August 11.

• Navkar Corporation: To meet investors and analysts on August 11.

• Welspun Corp: To meet investors and analysts on August 11.

• Tanla Platforms: To meet investors and analysts on August 11.

• Everest Kanto Cylinder: To meet investors and analysts on August 11.

• Delhivery: To meet investors and analysts on August 11 and 12.

• Zee Entertainment Enterprises: To meet investors and analysts on August 12.

• Saregama India: To meet investors and analysts on August 12.

• Heranba Industries: To meet investors and analysts on August 12.

• Muthoot Finance: To meet investors and analysts on August 12.

• Dilip Buildcon: To meet investors and analysts on August 12.

• Elecon Engineering Company: To meet investors and analysts on August 12.

• SJVN: To meet investors and analysts on August 12.

• Info Edge (India): To meet investors and analysts on August 12.

• NIIT: To meet investors and analysts on August 12.

• Expleo Solutions: To meet investors and analysts on August 12.

• Indian Railway Finance Corporation: To meet investors and analysts on August 16.

• Nucleus Software Exports: To meet investors and analysts on August 16.

• J.K. Cement: To meet investors and analysts on August 16.

• Uflex: To meet investors and analysts on August 16.

• Time Technoplast: To meet investors and analysts on August 16.

• ITD Cementation India: To meet investors and analysts on August 17.

• Shoppers Stop: To meet investors and analysts on August 18.

AGMs today:

• Borosil Renewables

• Centrum Capital

• ESAB India

• Expleo Solutions

• Greaves Cotton

• Krishna Institute of Medical Sciences

• Kirloskar Oil Engines

• Page Industries

• Safari Industries

• Ex-Date Dividend: Kotak Mahindra Bank, KPR Mill, Grasim Industries, Divi's Laboratories, Emami Paper Mills, Godfrey Phillips India, Grasim Industries, Hester Biosciences, Hindalco Industries, Indusind Bank, NCC,

• Ex-Date Annual General Meeting: Grasim Industries

• Ex-Date Special Dividend: Grasim Industries, Triveni Turbine

• Ex-Date Final Dividend: Advanced Enzyme Technologies, Astra Microwave Products, Coal India, Dixon Technologies (India), Endurance Technologies, Indian Energy Exchange, Indian Oil Corporation, India Pesticides, Jamna Auto Industries, JTEKT India, Jubilant Pharmova, KPR Mill, Mahanagar Gas, Nahar Spinning Mills, Repco Home Finance, Timken India, Triveni Turbine, VST Tillers Tractors

• Ex-Date Interim Dividend: Balkrishna Industries, Eris Lifesciences, Fine Organic Industries, Rain Industries, Shyam Metalics and Energy, Varun Beverages

• Ex-Date Income Distribution: Brookfield India Real Estate Trust REIT, Mindspace Business Parks REIT

• Record-Date Interim Dividend: Vaibhav Global, The Great Eastern Shipping Company

• Record-Date Dividend: NHPC, City Union Bank, NTPC

• Move Into Short-Term ASM Framework: JSW Energy

The rupee may gain, tracking advances in other emerging-market currencies on optimism over a slower pace of US rate hikes. Bond traders are looking ahead to India inflation data on Friday.

• USD/INR dropped 0.2% to 79.5175 on Wednesday

• Implied opening from forwards suggest spot may start trading around 79.17

• 10-year yields fell 4bps to 7.31% on Wednesday

• Global funds bought Rs 24 crore of sovereign bonds under limits available to foreign investors, and withdrew Rs 123 crore of corporate debt

• State-run banks bought Rs 4,003 crore of sovereign bonds on Aug. 5: CCIL data. Foreign banks bought Rs 2,590 crore of bonds

F&O Cues

• Securities removed from ban list: Escorts Kubota

• Securities that continue to be in ban list: Balrampur Chini, Delta Corp

• Nestle India: Reinstated Neutral at Goldman; price target Rs 20,000.

• Hindustan Aeronautics: New Overweight at Morgan Stanley

• Godrej Consumer: Reinstated Buy at Goldman; price target Rs 1,100.

• Emami: Reinstated Buy at Goldman; price target Rs 575

• Britannia: Reinstated Neutral at Goldman; price target Rs 4,000.

• Colgate India: Reinstated Sell at Goldman; price target Rs 1,400.

• Dabur India: Reinstated Buy at Goldman; price target Rs 680.

• Marico: Reinstated Buy at Goldman; price target Rs 620.

• ITC Ltd: Reinstated Buy at Goldman; price target Rs 390.

Source: Bloomberg

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• Nucleus Software Annual Report - Management Commentary Remains Optimistic: Dolat Capital