Stock Market Today: All You Need To Know Going Into Trade On May 30

Markets in Asia-Pacific region were trading in losses early on Thursday, tracking similar move in Wall Street after the US Treasury yields increased.

The Nikkei 225 was 844.26 points or 2.19% down at 37,712.61, and the S&P ASX 200 was 36.00 points or 0.47% down at 7,629.60, as of 06:30 a.m.

The US stock market came under pressure, with traders on high alert before a $44 billion sale of seven-year notes that follows two weak auctions on Tuesday, Bloomberg said.

The S&P 500 Index and Nasdaq Composite fell 0.74% and 0.58%, respectively, as of Wednesday. The Dow Jones Industrial Average fell 1.06%.

Brent crude was trading 0.08% lower at $83.53 a barrel. Gold fell 0.12% to $2,335.30 an ounce.

The GIFT Nifty was trading 70 points or 0.31% down at 22,652.00 as of 06:37 a.m.

The benchmark equity indices recorded their biggest fall in 14 sessions on Wednesday as they continued to decline for the fourth consecutive session. The NSE Nifty 50 closed 183.45 points or 0.8%, lower at 22,704.70, while the S&P BSE Sensex ended 667.55 points or 0.89%, lower at 74,502.90.

Overseas investors turned net sellers on Wednesday after a day of buying. Foreign portfolio investors sold stocks worth Rs 5,841.84 crore and domestic institutional investors stayed net buyers for seven straight sessions and mopped up equities worth Rs 5,233.79 crore, according to provisional data from the National Stock Exchange.

The Indian currency closed 17 paise lower against the U.S. dollar at 83.35.

Ace Software Exports, Authum Investment & Infrastructure, Apollo Hospitals Enterprises, Bharat Dynamics, Mrs. Bectors Food Specialities, Bengal & Assam Company, BF Utilities, Century Extrusions, Dynacons Systems & Solutions, Eastern Logica Infoway, Elpro International, Emami Realty, Godfrey Phillips India, Hinduja Global Solutions, Kellton Tech Solutions, La Opala Rg, Marksans Pharma, Mold-Tek Packaging, Nagreeka Exports, Nagarjuna Agri Tech, PC Jeweller, Praj Industries, Premier Explosives, PTC India, Rajesh Exports, Roto Pumps, Snowman Logistics, Triveni Enterprises, Welspun Corp and Yatra Online

Tata Steel Q4 FY24 (Consolidated, YoY)

• Revenue down 6.8% at Rs 58,687 crore versus Rs 62,962 crore.

• Ebitda down 8.6% at Rs 6,601 crore versus Rs 7,219 crore.

• Margin at 11.2% versus 11.5%.

• Net profit down 64.6% at Rs 555 crore versus Rs 1,566 crore.

• Board recommends dividend of Rs 3.6/share.

• Board approved issue of NCDs worth up to Rs 3,000 crore on private placement basis.

SJVN Q4 FY24 (Consolidated, YoY)

• Revenue down 4.2% at Rs 483 crore versus Rs 504 crore.

• Ebitda at Rs 240 crore versus Rs 309 crore.

• Margin at 49.6% versus 61.3%.

• Net profit up at Rs 61 crore versus Rs 17 crore.

RHI Magnesita India Q4 FY24 (Consolidated, YoY)

• Revenue up 7.8% at Rs 943 crore versus Rs 875 crore.

• Ebitda at Rs 148 crore versus Rs 47 crore.

• Margin at 15.7% versus 5.4%.

• Net loss at Rs 258 crore versus Rs 679 crore.

• Board recommends final dividend of Rs 2.5/share

Ahluwalia Contracts Q4 FY24 (Consolidated, YoY)

• Revenue up 34.8% at Rs 1,164 crore versus Rs 863 crore.

• Ebitda down 5.4% at Rs 104 crore versus Rs 110 crore.

• Margin at 9% versus 12.8%.

• Net profit at Rs 200 crore versus Rs 72 crore.

Websol Energy System Q4 FY24 (YoY)

• Revenue at Rs 24.87 crore versus Rs 0.11 crore.

• Ebitda loss at Rs 3.16 crore versus Rs 1.46 crore.

• Net loss at Rs 58.57 crore versus Rs 5.35 crore.

Hindustan Oil Exploration Q4 FY24 (Consolidated, QoQ)

• Revenue up 80.92% at Rs 330.63 crore versus Rs 182.75 crore.

• Ebitda up 26.8% at Rs 117.69 crore versus Rs 92.82 crore.

• Margin at 35.59% versus 50.79%.

• Net profit at Rs 70.61 crore versus Rs 4.82 crore.

Maithan Alloys Q4 FY24 (Consolidated, YoY)

• Revenue down 18.97% at Rs 433.27 crore versus Rs 534.73 crore.

• Ebitda at Rs 6.54 crore versus Rs 89.96 crore.

• Margin at 1.51% versus 16.82%.

• Net profit up 44.79% at Rs 142.01 crore versus Rs 98.08 crore.

Lemon Tree Hotels Q4 FY24 (Consolidated, YoY)

• Revenue up 29.5% at Rs 327 crore versus Rs 252.68 crore.

• Ebitda up 22.6% at Rs 171 crore versus Rs 140 crore.

• Margin at 52.4% versus 55.4%.

• Net profit up 42.3% at Rs 84 crore versus Rs 59 crore.

• Divergence on PAT level is due to a tax write back of Rs 137 million.

G R Infraprojects Q4 FY24 (Consolidated, YoY)

• Revenue down 12% at Rs 2,310 crore versus Rs 2,049 crore.

• Ebitda up 37% at Rs 399 crore versus Rs 289 crore.

• Margin at 17.69% versus 14.53%.

• Net profit up 43% at Rs 275 crore versus Rs 192 crore.

Heritage Foods Q4 FY24 (Consolidated, YoY)

• Revenue up 16.3% at Rs 951 crore versus Rs 818 crore (Bloomberg Estimate: Rs 918.80 crore).

• Ebitda up 67.6% at Rs 70 crore versus Rs 42 crore (Bloomberg Estimate: Rs 58.80 crore).

• Margin at 7.4% versus 5.1%.

• Net profit doubles at Rs 40 crore versus Rs 18 crore (Bloomberg Estimate: Rs 30.30 crore).

Rishabh Instruments Q4 FY24 (Consolidated, YoY)

• Revenue up 2% at Rs 1,77.9 crore versus Rs 174.4 crore.

• Ebitda down 28% at Rs 18 crore versus Rs 24.9 crore.

• Margin at 10.11% versus 14.2%.

• Net profit up 85% at Rs 2.3 crore versus Rs 15.1 crore.

Banco Products Q4 FY24 (Consolidated, YoY)

• Revenue up 19% at Rs 723.87 crore versus Rs 609.30 crore.

• Ebitda up 16% at Rs 114.05 crore versus Rs 98.26 crore.

• Margin at 16% versus 16.12%.

• Net profit up 33% at Rs 68 crore versus Rs 51 crore.

KNR Construction Q4 FY24 (Consolidated, YoY)

• Revenue up 13.5% at Rs 1,414 crore versus Rs 1,245 crore.

• Ebitda up 53% at Rs 374 crore versus Rs 245 crore.

• Margin at 26.4% versus 19.6%.

• Net profit up 2.4 times at Rs 341 crore versus Rs 142 crore.

• Other income of Rs 125 crore versus Rs 10 crore.

Dredging Corporation of India Q4 FY24 (Consolidated, YoY)

• Revenue at Rs 278 crore versus Rs 337 crore.

• Ebitda at Rs 22 crore versus Rs 167 crore.

• Margin at 8%.

• Net loss at Rs 23 crore versus loss of Rs 223 crore.

Bata India Q4 FY24 (Consolidated, YoY)

• Revenue up 2.5% at Rs 798 crore versus Rs 7799 crore.

• Ebitda up 0.1% at Rs 182 crore versus Rs 182 crore.

• Margin down 53 bps at 22.8% versus 23.4%.

• Net profit down 3% at Rs 64 crore versus Rs 66 crore.

• Board recommends dividend of Rs 12/share.

ION Exchange Q4 FY24 (Consolidated, YoY)

• Revenue up 20.7% to Rs 782 crore versus Rs 647 crore.

• Ebitda declined 13.3% to Rs 92 crore versus Rs 106 crore.

• Margins contracted to 11.8% versus 16.4%.

• Net profit fell to Rs 72.4 crore versus Rs 81.2 crore.

Indegene Q4 FY24 (Consolidated, YoY)

• Revenue up 6.5% to Rs 673 crore versus Rs 632 crore.

• Ebitda up 42.4% to Rs 139 crore versus Rs 97 crore.

• Margins at 20.6% vs 15.4%.

• Net profit up 94.3% to Rs 94.8 crore versus Rs 48.8 crore.

Cummins India Q4 FY24 (Consolidated, YoY)

• Revenue up 19.9% to Rs 2,319 crore versus Rs 1,934 crore.

• Ebitda up 63.1% to Rs 539 crore versus Rs 330 crore.

• Margins at 23.2% versus 17.1%.

• Net profit rose 54.4% to Rs 539 crore versus Rs 349 crore.

• Board recommends final dividend of Rs 20/share.

MM Forgings Q4 FY24 (Consolidated, YoY)

• Revenue up 2.4% to Rs 397 crore versus Rs 388 crore.

• Ebitda up 11.5% to Rs 78 crore versus Rs 70 crore.

• Margins at 19.5% versus 17.9%.

• Net profit rose 18.2% to Rs 36 crore versus Rs 31 crore.

• Board recommends final dividend of Rs 20/share.

NOCIL Q4 FY24 (Consolidated, YoY)

• Revenue down 9.2% to Rs 357 crore versus Rs 393 crore.

• Ebitda fell 10.3% to Rs 45 crore versus Rs 50 crore.

• Margins at 12.5% versus 12.7%.

• Net profit rose 46.7% to Rs 42 crore versus Rs 28 crore.

Healthcare Global Enterprises Q4 FY24 (Consolidated, YoY)

• Revenue up 11.9% to Rs 493 crore versus Rs 441 crore.

• Ebitda up 19.9% at Rs 91 crore versus Rs 76 crore.

• Margins at 18.4% versus 17.1%.

• Net profit at Rs 23 crore versus Rs 6 crore.

• Edelweiss Financial Services: The Reserve Bank of India has stopped Edelweiss Asset Reconstruction Co., the subsidiary of the company, from acquiring any stressed assets, according to a supervisory action notification.

• SJVN: The company has signed a pact with Indian Oil for JV in renewable, new tech projects.

• Avantel: The company gets a Rs 110 crore order for the supply of SATCOM equipment from the Defence Ministry.

• Aditya Birla Capital: The company invests Rs 300 crore in its arm, Aditya Birla Housing Finance, on a rights basis.

• Ramco Systems: RAMS Solutions announces the expansion of its strategic partnership with the company.

• ONGC: The S&P Global rating changed the outlook from stable to positive. The company has stronger standalone credit profiles.

• RVNL: The company gets an order worth Rs 38 crore for signalling work.

• IndiaMART InterMESH: The company has entered into an agreement to acquire 10% of the share capital of Baldor Technologies.

• ICICI Bank: S&P Global Ratings has affirmed ICICI Bank's rating and revised its outlook to BBB-/positive/A-3 from BBB-/Stable/A-3. The bank's stand-alone credit profile was revised upwards from BBB to BBB+.

• State Bank of India: S&P Global Ratings has revised the outlook of the bank from stable to positive.

• G.R. Infraprojects: The company issued non-convertible debts on a private placement basis up to Rs 200 crore.

• CESC: A fire incident occurred at the company's West Bengal plant owned by Haldia Energy Operations at Unit 1 of the West Bengal plant, which was partially disrupted.

• Nazara Technologies: Nazara Mauritius has completed the sale and transfer of its existing 100% stake held in NZMobile to Lychee Ventures for an aggregate consideration of $260000, paid in cash by Lychee Ventures.

• PNB Housing Finance: General Atlantic Singapore Fund Fii Pte Ltd sold 58 lakh shares (2.23%) at Rs 727.47 apiece; Asia Opportunities V (Mauritius) Limited sold 58 lakh shares (2.23%) at Rs 727.26 apiece; and Societe Generale bought 13.08 lakh shares (0.5%) at Rs 724.55 apiece.

• Great Eastern Shipping Co.: Nalanda India Fund Limited sold 20 lakh shares (1.4%) at Rs 1,045.14 apiece, while Ghisallo Master Fund Lp bought 9.94 lakh shares (0.69%) at Rs 1,045 apiece.

• Blue Cloud Softech Solutions: Duranta Infrastructure Private Limited sold 24.04 lakh shares (1.1%) at Rs 80.46 apiece and Supraja Business Consultants Private Limited sold 17.35 lakh shares (0.79%) at Rs 80.46 apiece.

• Chambal Fertilisers & Chemicals: Promoter Zuari Industries Ltd. revoked a pledge for 1.7 crore shares on May 23. Promoter Zuari Industries Ltd. created a pledge for 0.5 crore shares on May 24. Promoter Zuari Industries Ltd. revoked a pledge for 3.31 crore shares on May 24. Promoter Zuari Industries Ltd. revoked a pledge for 2 crore shares on May 24.

• Raymond: Promoter Shephali Ruia sold 4,700 shares.

• Som Distilleries & Breweries: Promoter Jagdish Kumar Arora bought 20,000 shares.

• Usha Martin: Promoter Peterhouse Investments India Ltd. sold 2 lakh shares.

• Hatsun Agro Product: Promoter R. G. Chandramogan bought 29,434 shares.

• Bharat Wire Ropes: Promoter Gyanshankar E-Trading Llp bought 60,928 shares; Promoter Gyanshankar Investment & Trading Co. Pvt. Ltd. bought 15,000 shares.

• Price Band Change from 20% to 10%: Johnson Controls-Hitachi Air Condition. India Ltd.

• Ex/record dividend: Ajanta Pharma, GPT Infraprojects, India Grid Trust, L T Foods.

• Nifty May futures are down by 0.9% to 22,743.8 at a premium of 39.1 points.

• Nifty May futures open interest down by 20%.

• Nifty Bank June futures are down by 0.9% to 49,011.15 at a premium of 509.8 points.

• Nifty Bank June futures open interest up by 59.6%.

• Nifty Options May 30 Expiry: Maximum Call open interest at 23,500 and Maximum Put open interest at 22,000.

• Bank Nifty Options June 5 Expiry: Maximum Call Open Interest at 53,000 and Maximum Put open interest at 49,000.

• Securities in ban period: Aditya Birla Fashion, GMR Airports Infrastructure, Hindustan Copper, Vodafone idea.

The Indian currency closed 17 paise lower against the U.S. Dollar at 83.35.