Stock Market Today: All You Need To Know Going Into Trade On May 10

Stocks and U.S. futures fell Tuesday amid concerns about a darkening economic outlook and strengthening dollar.

Shares fell in Japan, South Korea and Australia after U.S. equities slid to a 13 month-low. The tech-heavy Nasdaq 100 has shed about $1.5 trillion in market value in three days.

The Singapore-traded SGX Nifty, an early barometer of India's benchmark Nifty 50, fell nearly 1% to 16,133 points as of 7:15 a.m.

Crude fell below $103 a barrel. Bitcoin nursed a plunge, a retreat that’s become emblematic of the ebbing liquidity that’s curbing risk appetite.

SRF Q4 FY22 (Consolidated, QoQ)

• Revenue up 6.08% at Rs 3,549.42 crore Vs Rs 3,345.87 crore

• EBITDA up 7.55% at Rs 948 crore Vs Rs 881.41 crore

• EBITDA margin 26.71% Vs 26.34%

• Net profit up 19.8% at Rs 605.65 crore Vs Rs 505.54 crore

• Approved capital expenditure of Rs 115 crore for dedicated facilities to produce intermediates for Agrochemicals in the New Plant Structure at Dahej.

Dalmia Bharat Q4 FY22 (Consolidated, YoY)

• Revenue up 7.27% at Rs 3,380 crore Vs Rs 3,151 crore

• EBITDA fell 11.43% at Rs 682 crore Vs Rs 770 crore

• EBITDA margin 20.18% Vs 24.44%

• Net profit fell 5.1% at Rs 595 crore Vs Rs 627 crore

• Declared final dividend of Rs 5 per share of face value of Rs 2 each.

Gujarat Narmada Valley Fertilizers & Chemicals Q4 FY22 (Consolidated, YoY)

• Revenue up 60% at Rs 2,771.71 crore Vs Rs 1,733.03 crore

• EBITDA up 88.32% at Rs 885.88 crore Vs Rs 470.41 crore

• EBITDA margin 32% Vs 27%

• Net profit up 108% at Rs 643.26 crore Vs Rs 308.91 crore

• Recommended dividend of Rs 10 per share of face value of Rs 10 each

KEI Industries Q4 FY22 (Consolidated, YoY)

• Revenue up 43.76% at Rs 1,791.71 crore Vs Rs 1,246.3 crore

• EBITDA up 25% at Rs 171.82 crore Vs Rs 137.37 crore

• EBITDA margin 9.6% Vs 11%

• Net profit up 34.63% at Rs 115.98 crore Vs Rs 86.16 crore

Godrej Agrovet Q4 FY22 (Consolidated, QoQ)

• Revenue up 0.11% at Rs 2,080.75 crore Vs Rs 2,078.49 crore

• EBITDA up 24.27% at Rs 169.25 crore Vs Rs 136.19 crore

• EBITDA margin 8.13% Vs 6.55%

• Net profit up 124% at Rs 139.81 crore Vs Rs 62.39 crore. An exceptional item of Rs 17.28 crore was recognized in Q3 by subsidiary company Creamline Dairy on account of GST liability arising out of classification issue of flavored milk.

• Recommended final dividend of Rs 9.5 per share of face value of Rs 10 each

• Reappointed Balram S. Yadav as the Managing Director from September 1, 2022 upto April 30, 2025.

• HCL Technologies: The company will acquire Bengaluru-based Quest Informatics, an aftermarket, Industry 4.0 and IoT company, for Rs 15 crore.

• Reliance Industries: The company through its subsidiary Reliance Retail has entered long term franchise agreement with Italian luxury lifestyle Tod’s S.p.A.

• Shipping Corporation of India: The company has approved modifications to the scheme of demerger of non-core assets into Shipping Corporation of India Land and Assets. The modifications are subject to approval of Ministry of Ports, Shipping and Waterways and DIPAM and will not impact the Share Entitlement ratio and other major terms and conditions, it said.

Earnings: Asian Paints, Cipla, Ajanta Pharma, Cera Sanitaryware, Chalet, Avadh Sugar, Gujarat Gas, MRF, Max Financial Services, Kansai Nerolac Paints, MGL, Orient Electric, Dishman Carbogen, Kabra Extrusion Technik, Polycab India, Vodafone Idea, Torrent Power, Welspun India, Zensar Technologies

Prudent Corporate Advisory to open today. The issue is a pure offer for sale with 85.49 lakh shares with price band of Rs 595-630. The issue will be open till May 12. It allotted 25.3 lakh shares to anchor investors for Rs 630 per share.

• Omaxe: Promoter Dream Home Developers created a pledge of 57.2 lakh shares on May 4 and Promoter Guild Builders revoked a pledge of 45 lakh shares on May 6.

• Cressanda Solutions: Tango Commosales LLP bought 16.01 lakh (0.52%) shares at Rs 44.53 apiece.

• Vedant Fashion: To meet investors and analysts on May 10.

• Home First Finance Company: To meet investors and analysts on May 10.

• Poonawala Fincorp: To meet investors and analysts on May 13.

• Union Bank: To meet investors and analysts on May 13.

• Lumax Auto Technologies: To meet investors and analysts on May 17.

• Kansai Nerolac Paints: To meet investors and analysts on May 12.

• Nazara Technologies: To meet investors and analysts on May 16.

• Jubilant Ingrevia: To meet investors and analysts on May 16.

• Price Band Revised From 10% To 5%: Gulshan Polyols, JSW Energy

• Move Out Of Short-Term ASM Framework: GMR Power and Urban Infra, Dolat Algotech

• Ex-Date Interim Dividend: Laurus Labs

• Ex-Date Buy Back: Indiamart Intermesh

The rupee ended Rs 77.46 at against the U.S. Dollar on Monday as compared to Friday's closing of 76.91

• Nifty May futures ended at 16,309.95, a premium of 8.1 points.

• Nifty May futures added 1.3% and 2,831 shares in Open Interest.

• Nifty Bank May futures ended at 34,339.35, a premium of 63.95 points.

• Nifty Bank May futures added 2.16% and 2,603 shares in Open Interest.

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