Stock Market Today: All You Need To Know Going Into Trade On May 25

Stocks were volatile in Asia on Wednesday amid a sharp selloff in technology shares and worries that Federal Reserve tightening will plunge the US into recession. The dollar and Treasury yields were steady.

Shares in Japan fell and South Korea’s were little changed, while Australian shares rose. US futures advanced afer a weak close in Wall Street, with the Nasdaq 100 down more than 2% after Snap Inc.’s earnings. The Singapore-traded SGX Nifty, an early barometer of India's benchmark Nifty 50, rose nearly 0.3% to 16,156.60 points as of 6:50 am.

Elsewhere, West Texas Intermediate crude rose 0.6% to $110.40 a barrel. Bitcoin hovered around $30,000.

Adani Ports and Special Economic Zone Q4 FY22 (Consolidated, YoY)

• Revenue up 6.47% at Rs 3,845.03 crore Vs Rs 3,607.9 crore (Bloomberg estimate: Rs 4,186.7 crore)

• EBITDA fell 19.57% at Rs 1,858.8 crore Vs Rs 2,310.96 crore (Bloomberg estimate: Rs 2,780.7 crore)

• EBITDA margin 48.34% Vs 64.05% (Bloomberg estimate: 66.41%)

• Net profit fell 20.5% at Rs 1,024 crore Vs Rs 1,287.81 crore (Bloomberg estimate: Rs 1,519.3 crore)

• Recommended dividend of Rs 5 per share of face value of Rs 2 each

• Reappointed Gautam Adani as Managing Director for five years

Grasim Industries Q4 FY22 (Standalone, YoY)

• Revenue up 45.12% at Rs 6,376.9 crore Vs Rs 4,394.25 crore (Bloomberg Estimate: Rs 6,402.4 crore)

• EBITDA fell 7.13% at Rs 753.09 crore Vs Rs 810.89 crore (Bloomberg Estimate: Rs 903.8 crore)

• EBITDA margin 11.81% Vs 18.45% (Bloomberg Estimate: 14.11%)

• Net profit up 122.42% at Rs 1,068.03 crore Vs Rs 480.19 crore (Bloomberg Estimate: Rs 487 crore)

• Recommended dividend of Rs 5 per share and a special dividend of Rs 5 per share of face value of Rs 2 each

• It will start commissioning paint plants in Q4FY24 with project cost of Rs 1,000 crore by FY25.

Minda Industries Q4 FY22 (Consolidated, YoY)

• Revenue up 8% at Rs 2,415.08 crore Vs Rs 2,238.27 crore (Bloomberg estimate: Rs 2,345.2 crore)

• EBITDA fell 8.65% at Rs 275.50 crore Vs Rs 301.59 crore (Bloomberg estimate: Rs 246.8 crore)

• EBITDA margin 11.41% Vs 13.47% (Bloomberg estimate: 10.52%)

• Net profit up 2.9% at Rs 144.37 crore Vs Rs 140.32 crore (Bloomberg estimate: Rs 111.9 crore)

• Recommended final dividend of Re 1 per share of face value of Rs 2 each

• Approved investment of Rs 25 crore in Tokai Rika Minda, a joint venture between Japan based Tokai Rika and the company, under rights issue.

• Approved merger of Harita Fehrer and Minda Storage Batteries with the company

Dalmia Bharat Sugar and Industries Q4 FY22 (Consolidated, YoY)

• Revenue up 75.2% at Rs 856 crore Vs Rs 488.6 crore

• EBITDA up 2.81% at Rs 130.80 crore Vs Rs 127.23 crore

• EBITDA margin 15.28% Vs 26.04%

• Net profit up 7.21% at Rs 55.6 crore Vs Rs 51.86 crore

• Recommended final dividend of Re 1 per share of face value of Rs 2 each

RITES Q4 FY22 (Consolidated, QoQ)

• Revenue fell 1.18% at Rs 766.02 crore Vs Rs 775.2 crore

• EBITDA up 4.41% at Rs 204.47 crore Vs Rs 195.83 crore

• EBITDA margin 26.7% Vs 25.26%

• Net profit fell 1.05% at Rs 142.36 crore Vs Rs 143.87 crore

• Recommended final dividend of Rs 3.5 per share of face value of Rs 10 each

Strides Pharma Science Q4 FY22 (Consolidated, YoY)

• Revenue down 5% at Rs 866 crore Vs Rs 908 crore (Bloomberg estimate: Rs 826 crore)

• EBITDA down 74% to Rs 42 crore from Rs 159 crore (Bloomberg estimate: Rs 25 crore Profit)

• EBITDA margins at 4.8% Vs 17.5% (Bloomberg estimate: 3%)

• Net profit down 37% to Rs 29 crore Vs Rs 46 crore (Bloomberg estimate: Rs 72 crore loss)

eClerx Services Q4 FY22 (Consolidated, QoQ)

• Revenue up 5.81% at Rs 591.66 crore Vs Rs 559.16 crore

• EBIT up 5.57% at Rs 154.02 crore Vs Rs 145.9 crore

• EBIT margin 26.03% Vs 26.09%

• Net profit up 11.17% at Rs 118.4 crore Vs Rs 106.5 crore

• Recommended dividend of Re 1 per share of face value of Rs 10 each

Aster DM Healthcare Q4 FY22 (Consolidated, YoY)

• Revenue up 14% at Rs 2,727.79 crore Vs Rs 2,390.88 crore

• EBITDA up 44% at Rs 462.53 crore Vs Rs 321.08 crore

• EBITDA margin 16.96% Vs 13.43%

• Net profit up 114.7% at Rs 226.27 crore Vs Rs 105.39 crore

Metropolis Healthcare Q4 FY22 (Consolidated, YoY)

• Revenue up 4% at Rs 306 crore Vs Rs 293 crore (Bloomberg estimate: Rs 335 crore)

• EBITDA down 1% to Rs 74.8 crore from Rs 75.3 crore (Bloomberg estimate: Rs 90.8 crore)

• EBITDA margins at 24.5% Vs 25.7% (Bloomberg estimate: 27.1%)

• Net profit down 3% to Rs 40 crore Vs Rs 41 crore (Bloomberg estimate: Rs 52 crore)

• EPS at Rs 7.81 per share Vs Rs 8.02 (Bloomberg estimate: Rs 10.6)

Zee Media Corporation Q4 FY22 (Consolidated, QoQ)

• Revenue up 2% at Rs 247.73 crore Vs Rs 242.81 crore

• EBIT fell 43.57% at Rs 37.38 crore Vs Rs 66.24 crore

• EBIT margin 15.09% Vs 27.28%

• Net loss of 51.45 crore Vs net profit of Rs 45.46 crore

• Eveready Industries: The open offer to acquire 1.88 crore shares representing 26% stake, will begin on June 3 and close on June 16. The offer price is set at Rs 320 per share.

• Dr Reddy’s Laboratories: The company along with US based Senores Pharmaceuticals launched Ketorolac Tromethamine Tablet, a therapeutic generic equivalent of the reference listed drug Toradol Tablets. It is a nonsteroidal anti-inflammatory drug indicated for the short-term (up to 5 days in adults) management of moderately severe acute pain that requires analgesia at the opioid level.

• Titagarh Wagons: The company has bagged its largest order to supply 24,177 wagons from the Indian Railways valued at Rs 7,800 crore. Tts total order book now stands at Rs 10,645 crore.

• SIS: The company will acquire 49.99% stake in its subsidiary company Terminix SIS India for Rs 77.5 lakhs. After the acquisition, SIS will fully own the subsidiary.

• Ipca Laboratories: The company will merge its two wholly owned subsidiaries - Tonira Exports and Ramdev Chemical with itself.

• Indian Hotels: The company reappointed Puneet Chhatwal as Managing Director and Chief Executive Officer from November 6, 2022 up to November 5, 2027.

• Brookfield India: The company will consider fund raising on May 27.

• Bank of Baroda: The bank will consider revision of dividend payment ratio and revision of dividend of FY22 on May 31.

Earnings to watch: Bharat Petroleum Corporation, Coal India, National Aluminium Company, NHPC, MM Forgings, Apollo Hospitals Enterprises, Interglobe Aviation, Max Healthcare Institute, Torrent Pharmaceuticals, Bata India, Ashoka Buildcon, Fortis Healthcare, Easy Trip Planners, Deepak Fertilizers, Kolte-Patil Developers, Religare Enterprises, Whirlpool of India

• Sun Pharma Advanced Research: Promoter Group Raksha Valia revoked a pledge of 13 lakh shares on May 23.

• Bajaj Holdings and Investment: Promoter Group Jamnalal Sons bought 1,669 shares between May 20 and May 23.

• Maharashtra Scooters: Promoter Group Bachhraj Factories bought 1,060 shares on May 20.

• Orient Cement: Promoter Central India Industries bought 3 lakh shares between May 20 and May 23, and promoter Shekhavati Investments and Traders bought 2 lakh shares on May 23.

• Butterfly Gandhimathi Appliances: Rajasthan Global Securities bought 1.25 (0.69%) shares at Rs 1406.85 apiece.

• GMR Infrastructure: Veda Investors Fund LP bought 7.83 crore (1.29%) shares at Rs 36.65 apiece.

• Venus Pipes & Tubes: Rajasthan Global Securities sold 1.51 lakh (0.74%) shares at Rs 337.5 apiece.

• GMR Infrastructure: AD Investors Fund LP bought 4.05 crore (0.67%) shares at Rs 36.65 apiece. CD Investors Fund LP bought 3.36 crore (0.55%) shares at Rs 36.65 apiece. Deccan Value Investors BPI Fund LP bought 95.07 lakh (0.15%) shares at Rs 36.65 apiece. Deccan Value Investors Fund LP bought 5.88 crore (0.97%) shares at Rs 36.65 apiece. DVG 1740 Fund LP bought 2.77 crore (0.46%) shares at Rs 36.65 apiece. DVI Fund Mauritius sold 17.03 crore (2.82%) shares at Rs 36.65 apiece.

• Dharamsi Morarji Chemical Company: To meet investors and analysts on May 26.

• UFO Moviez India: To meet investors and analysts on May 26.

• Poly Medicure: To meet investors and analysts on May 25.

• Natco Pharma: To meet investors and analysts on May 31.

• Kaya: To meet investors and analysts on May 31.

• KRBL: To meet investors and analysts on May 30.

• TCI Express: To meet investors and analysts on May 31.

• PNC Infratech: To meet investors and analysts on May 30.

• Carborundum Universal: To meet investors on May 26.

• Indiabulls Real Estate: To meet investors and analysts on May 27.

• Suprajit Engineering: To meet investors and analysts on May 26.

• TTK Prestige: To meet investors and analysts on May 30.

• Marksans: To meet ICICI Securities on June 1.

• FDC: To meet investors and analysts on May 27.

• JSW Steel: To meet investors and analysts on May 27.

• Hindalco Industries: To meet investors and analysts on May 26.

• BCL Industries: To meet investors and analysts on May 31.

• Indo Count Industries: To meet investors and analysts on May 30.

• Wonderla Holidays: To meet investors and analysts on May 27.

• SRG Housing Finance: To meet investors and analysts on May 25.

• Stove Kraft: To meet investors and analysts on May 31.

• GAIL (India): To meet investors and analysts on May 30.

• Shiva Texyarn: To meet investors and analysts on May 26.

• General Insurance Corporation of India: To meet investors and analysts on May 30.

• Rane Holdings: To meet investors and analysts on May 30.

• Crompton Greaves Consumer Electricals: To meet investors and analysts on May 30.

• Max Healthcare Institute: To meet investors and analysts on May 26.

• Jubilant FoodWorks: To meet investors and analysts on May 30.

• Shree Pushkar Chemicals & Fertilisers: To meet investors and analysts on May 27.

• Tega Industries: To meet investors and analysts on May 26.

• Record Date Interim Dividend: Kennametal India

• Ex-Date Dividend: Tata Consultancy Services, Brookfield India Real Estate Trust, State Bank of India

• Ex-Date Interim Dividend: GRM Overseas

• Ex-Date Income Distribution: India Grid Trust

• Move Out Of Short-Term ASM Framework: TV Today Network, Hexa Tradex

The rupee ended at Rs 77.58 against the U.S. Dollar on Tuesday as compared to Monday's closing of 77.52.

• Nifty May futures ended at 16,123, a discount of 2.15 points.

• Nifty May futures shed 10.60% and 14,635 shares in Open Interest.

• Nifty Bank May futures ended at 34,238.10, a discount of 52.05 points.

• Nifty Bank May futures shed 16.80% and 13,239 shares in Open Interest.

• Securities in the ban list: Indiabulls Housing Finance

• Securities removed from the ban list: Delta Corp, GNFC

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