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

Asian stocks were mixed and U.S. equity futures advanced on Wednesday ahead of Chinese and US economic data.

Japan’s market was mixed, while Australia and South Korea remained volatile. The Singapore-traded SGX Nifty, an early barometer of India's benchmark Nifty 50, fell nearly 0.59% to 16,115.50 points as of 6:40 a.m.

Crude oil fell below $100 a barrel after losing nearly 10% this week, amid Covid-19 lockdowns in China. Elsewhere, bitcoin hovered around $31,000.

Vodafone Idea Q4 FY22 (Consolidated, QoQ)

• Revenue up 5.37% at Rs 10,239.5 crore vs Rs 9,717.3 crore

• EBITDA up 38.32% at Rs 4,649 crore vs Rs 3,816.5 crore

• EBITDA margin 45.4% vs 39.28%

• Net loss contracted at Rs 6,563.1 crore vs Rs 7,231 crore

Also Read: Vodafone Idea's Q4 Loss Narrows, Revenue Rises

Cipla Q4 FY22 (Consolidated, YoY)

• Revenue up 14% at Rs 5,260 crore vs Rs 4,606 crore

• EBITDA down 6% to Rs 750 crore from Rs 796 crore

• EBITDA margin at 14.3% vs 17.3%

• Net profit down 12% at Rs 362 crore from Rs 413 crore

• EPS at Rs 4.49 per share vs Rs 5.13 per share

• Recommended dividend of Rs 5 per share

• Appointed Dinesh Jain as interim chief financial officer

Also Read: Cipla's Q4 Profit Falls, Misses Estimates

Gujarat Gas Q4 FY22 (Consolidated, YoY)

• Revenue up 36.54% at Rs 4,773.37 crore vs Rs 3,495.92 crore

• EBIT up 28% at Rs 595.37 crore vs Rs 465.04 crore

• EBIT margin 12.47% vs 13.3%

• Net profit up 27.6% at Rs 444.39 crore vs Rs 348 crore

Torrent Power Q4 FY22 (Consolidated, YoY)

• Revenue up 21.38% at Rs 3,743.65 crore vs Rs 3,084.13 crore

• EBIT up 11% at Rs 653.23 crore vs Rs 588.53 crore

• EBIT margin 17.45% vs 19.08%

• Net loss of Rs 488.04 crore vs net profit of Rs 397 crore

Max Financial Services Q4 FY22 (Consolidated, QoQ)

• Revenue up 21.38% at Rs 8,959.65 crore vs Rs 6,954.04 crore

• EBITDA up 8.33% at Rs 990.64 crore vs Rs 914.45 crore

• EBIT margin 26.46% vs 29.65%

• Net profit up 58.36% at Rs 144 crore vs Rs 91 crore

Kansai Nerolac Paints Q4 FY22 (Consolidated, YoY)

• Revenue up 5.28% at Rs 1,536.6 crore vs Rs 1,459.57 crore

• EBITDA fell 60.68% at Rs 83.92 crore vs Rs 213.45 crore

• EBITDA margin 5.46% vs 14.62%

• Net profit fell 80% at Rs 24.73 crore vs Rs 124 crore

• Recommended a final dividend of Rs 1 per share

Mahanagar Gas Q4 FY22 (Consolidated, YoY)

• Revenue up 51.47% at Rs 1,187.6 crore vs Rs 784.04 crore

• EBIT fell 41.04% at Rs 159.96 crore vs Rs 271.32 crore

• EBIT margin 13.47% vs 34.61%

• Net profit fell 38.06% at Rs 131.8 crore vs Rs 213 crore

• Approved final dividend of Rs 15.5 per share

Zensar Technologies Q4 FY22 (Consolidated, QoQ)

• Revenue up 4.65% at Rs 1,153.8 crore vs Rs 1,102.5 crore

• EBIT up 4.6% at Rs 116.20 crore vs Rs 111.1 crore

• EBIT margin 10.07% vs 10.08%

• Net profit up 42.75% at Rs 129.9 crore vs Rs 91 crore

• Recommended final dividend of Rs 3.5 per share

• Appointed Sachin Zute as chief financial officer.

• State Bank of India: The bank approved raising $2 billion in single or multiple tranches through a public offer and/or private placement of senior unsecured notes in US dollar or any other convertible currency in FY23.

• RITES: A company-led consortium received an order for consultancy services for review of design and construction of sections of Eastern Railway Line, Ministry of Railways Development, Ghana, for $21.06 million. The company holds 60% stake in the consortium.

• Wipro: The company extended its strategic agreement with Paris based Crédit Agricole CIB, the corporate and investment bank division of Crédit Agricole Group.

• Aurobindo Pharma: The company has been issued a ‘Form 483’ with six observations during inspection by the United States Food and Drug Administration. It is working closely with the US FDA to close the observations and respond to them within the stipulated timeline.

• Dr. Agarwal’s Health Care: The company raised Rs 1,050 crore from TPG Growth and existing investor Temasek Holdings. It plans to deploy capital to expand the current network of 105 hospitals to over 200 hospitals in the next 3-4 years.

• DB Realty: The company has acquired entire equity shares of Turf Estate Realty from Turf Estate Joint Venture LLP (in which the company already holds 50% stake) existing shareholder of TERPL.

• Future Enterprises: The company has defaulted on bond obligation for Rs 2.28 crore.

• MTAR Technologies: The company approved acquisition of Gee Pee Aerospace & Defence, a MSME company, for Rs 8.82 crore.

Earnings Today: Adani Ports & SEZ, PNB, Indian Bank, BSE Ltd., Mangalore Refinery & Petrochemicals, Cholamandalam Financial Services, Birla Corp, Balaji Amines, Kalyan Jewellers, Butterfly Gandhimathi, HSIL, Magadh Sugar, SKF India, Petronet LNG

• Delhivery: The logistics startup is looking to raise as much as Rs 5,235 crore by issuing 11.33 crore new shares in a price band of Rs 462-487 apiece. The issue, which opens today, will close on May 13.

• Venus Pipes: The pipemaker is looking to raise as much as Rs 165.42 crore by issuing 50.74 lakh new shares in a price band of Rs 310-326 apiece. The issue, which opens today, will close on May 13.

• Aurobindo Pharma: Promoter K Nityananda Reddy created a pledge of 7 lakh shares on May 6.

• Jindal Steel & Power: Promoter Group OPJ Trading revoked a pledge of 4.22 lakh shares on May 4.

• Geojit Financial Services: Promoter BNP Paribas SA sold 3.59 lakh shares between May 5 and May 6.

• Shriram City Union Finance: Promoter Group bought 4.18 lakh shares between May 5 and May 6.

• Asian Granito India: Jiteshkumar S Tikadiya bought 12.82 lakh shares (2.26% stake) at Rs 82.03 apiece. CNM Finvest bought 12.94 lakh shares (2.28% stake) at Rs 83.61 apiece. Vimla Pawankumar Sanghvi sold 2.88 lakh shares (0.5% stake) at Rs 80.94 apiece.

• J Kumar Infraprojects: Gaganbase Vincom sold 8.20 lakh shares (1.08% stake) at Rs 228.60 apiece.

• ICICI Bank: Blackrock Global Funds India Fund bought 4.80 lakh shares (0.006%) at Rs 714.65 apiece. Merrill Lynch India Equities Fund (Mauritius) sold 4.80 lakh shares (0.006%) at Rs 714.65 apiece.

• Gujarat Fluorochemicals: To meet investors and analysts on May 13.

• Bajaj Electricals: To meet investors and analysts on May 17.

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

• Gujarat Narmada Valley Fertilizers and Chemicals: To meet investors and analysts on May 12.

• Triveni Engineering: To meet investors and analysts on May 16.

• Price Band Revised From 10% To 5%: IndoStar Capital Finance

• Move Into Short-Term ASM Framework: Privi Speciality Chemicals

• Record Date Interim Dividend: Laurus Labs

• Record Date Buy Back: IndiaMART InterMESH

• Ex-Date Dividend: Aptech

• Ex-Date Interim Dividend: Thyrocare Technologies

• Ex-Date Income Distribution: IRB InvIT Fund

The rupee ended Rs 77.32 at against the U.S. Dollar on Tuesday as compared to Monday's closing of 77.46.

• Nifty May futures ended at 16,222.15, a discount of 17.9 points.

• Nifty May futures shed 6.61% and 14,549 shares in Open Interest.

• Nifty Bank May futures ended at 34,489, a premium of 6.35 points.

• Nifty Bank May futures added 5.63% and 6,936 shares in Open Interest.

• Venus Pipes And Tubes IPO - Valuation, Strength, Key Strategies, Risks, Financials: Anand Rathi

• Delhivery IPO - Huge Addressable Market At Expensive Valuation: Reliance Securities

• Cement Sector Check - Cost Pressure To Stay Even As Demand Grows In FY23: CareEdge

• India Pharma - Sharp Off-Take Of Covid-19 Drugs In The Past Year Drags IPM In April: Motilal Oswal

• India Life Insurance - Individual Weighted Received Premium For Private Players Grows In April: Motilal Oswal