Stock Market Today: All You Need To Know Going Into Trade On Nov. 3

Stocks in the news, big brokerage calls of the day, complete trade setup and much more!

<div class="paragraphs"><p>(Source: <a href=";utm_medium=referral&amp;utm_content=creditCopyText">Jorge Garcia</a> on <a href=";utm_medium=referral&amp;utm_content=creditCopyText">Unsplash</a>)</p></div>
(Source: Jorge Garcia on Unsplash)

Asian stocks slumped after Jerome Powell said the Federal Reserve would raise interest rates more than previously anticipated, sapping risk appetite and sending global equities to their worst day in nearly a month.

Benchmark equity gauges in Australia and South Korea fell in the wake of the S&P 500’s 2.5% drop. Bitcoin fell 0.2% to $20,140.8

Wheat prices fell by the most since the early weeks of the war in Ukraine after Russia reversed a decision to block shipments. Oil fell to unwind a recent rally.

India benchmarks indices broke their rally to end lower, dragged by telecommunications and realty stocks ahead of the release of U.S. Federal Reserve's policy statement.

Rupee erased earlier gains against the U.S. dollar to close lower, hours before the Federal Reserve policy announcement.

Stock Market Today: All You Need To Know Going Into Trade On Nov. 3

Earnings Post Market Hours

Dalmia Bharat Q2 FY23 (Consolidated, YoY)

  • Revenue up 15% at Rs 2,971 crore Vs Rs 2,581 crore (Bloomberg estimate: Rs 2,964.78)

  • EBITDA fell 39% at Rs 377 crore Vs Rs 621 crore (Bloomberg estimate: Rs 383.53 crore)

  • EBITDA margin 13% Vs 24%

  • Net profit fell 77% at Rs 46 crore Vs Rs 198 crore (Bloomberg estimate: Rs 43.39 crore)

  • Declared interim dividend of Rs 4 per share of face value of Rs 2 each

Procter & Gamble Hygiene and Health Care Q2 FY23 (Consolidated, QoQ)

  • Revenue up 35% at Rs 1,045 crore Vs Rs 776 crore (Bloomberg estimate: Rs 1,213.2 crore)

  • EBITDA up 3x at Rs 213.98 crore Vs Rs 67.09 crore (Bloomberg estimate: Rs 286.1 crore)

  • EBITDA margin 20% Vs 9%

  • Net profit up 3x at Rs 154.41 crore Vs Rs 42.55 crore (Bloomberg estimate: Rs 210.8 crore)

Jindal Stainless Q2 FY23 (Consolidated, YoY)

  • Revenue up 11.5% at Rs 5,605 crore Vs Rs 5,027 crore (Bloomberg estimate: Rs 5,532.

  • 40 crore)

  • EBITDA fell 52% at Rs 358.27 crore Vs Rs 747.69 crore (Bloomberg estimate: Rs 406.6 crore)

  • EBITDA margin 6% Vs 15%

  • Net profit 61% at Rs 159.11 crore Vs Rs 407.47 crore

SIS Q2 FY23 (Consolidated, YoY)

  • Revenue up 14% at Rs 2,768 crore Vs Rs 2,431 crore (Bloomberg estimate: Rs 2,777.33 crore)

  • EBITDA fell 11% at Rs 109.62 crore Vs Rs 122.97 crore (Bloomberg estimate: Rs 128.67 crore)

  • EBITDA margin 4% Vs 5%

  • Net profit fell 1% at Rs 67.43 crore Vs Rs 68.38 crore (Bloomberg estimate: Rs 67.55 crore)

Mahindra & Mahindra Financial Services Q2 FY23 (Consolidated, YoY)

  • Interest income up 1% at Rs 2,848.32 crore Vs Rs 2,818.04 crore

  • Net profit fell 55% at Rs 490.38 crore Vs Rs 1099.78 crore

EIH Q2 FY23 (Consolidated, QoQ)

  • Revenue up 2% at Rs 401 crore Vs Rs 394 crore

  • EBITDA fell 15% at Rs 84.65 crore Vs Rs 99.54 crore

  • EBITDA margin 21% Vs 25%

  • Net profit fell 61% at Rs 24.55 crore Vs Rs 62.82 crore

JK Paper Q2 FY23 (Consolidated, YoY)

  • Revenue up 74% at Rs 1,644 crore Vs Rs 944 crore

  • EBITDA up 2x at Rs 620.86 crore Vs Rs 273.43 crore

  • EBITDA margin 38% Vs 29%

  • Net profit up 2.7x at Rs 324.23 crore Vs Rs 118.39 crore

MTAR Technologies Q2 FY23 (Consolidated, QoQ)

  • Revenue up 39% at Rs 126 crore Vs Rs 91 crore (Bloomberg estimate: Rs 123 crore)

  • EBIT up 46% at Rs 30.27 crore Vs Rs 20.7 crore

  • EBIT margin 24% Vs 23%

  • Net profit up 52% at Rs 24.6 crore Vs Rs 16.2 crore (Bloomberg estimate: Rs 22.20 crore)

Relaxo Footwears Q2 FY23 (Consolidated, YoY)

  • Revenue fell 6% at Rs 670 crore Vs Rs 714 crore (Bloomberg estimate: Rs 696.83 crore)

  • EBITDA fell 49% at Rs 59.43 crore Vs Rs 116.82 crore (Bloomberg estimate: Rs 102.23 crore)

  • EBITDA margin 9% Vs 16%

  • Net profit fell 68% at Rs 22.4 crore Vs Rs 68.69 crore (Bloomberg estimate: Rs 54.05 crore)

Triveni Turbine Q2 FY23 (Consolidated, YoY)

  • Revenue up 42% at Rs 293 crore Vs Rs 206 crore (Bloomberg estimate: Rs 271.80 crore)

  • EBITDA up 39% at Rs 55.66 crore Vs Rs 39.92 crore (Bloomberg estimate: Rs 54.6 crore)

  • EBITDA margin flat 19% (Bloomberg estimate: 20.1%)

  • Net profit fell 73% at Rs 46.21 crore Vs Rs 173.76 crore. Net profit for corresponding quarter of previous year includes Rs 192.58 crore for settlement consideration on sale of interest held in Triveni Energy Solutions. (Bloomberg estimate: Rs 42.70 crore)

Share India Securities Q2 FY23 (Consolidated QoQ)

  • Revenue increased 13% at Rs 239.87 crore Vs Rs 212.97 crore

  • EBITDA increased 58% to Rs 108.9 crore Vs Rs 68.73 crore

  • EBITDA margin at 45.4% Vs 32.3%

  • Net profit increased 67% to Rs 71.56 crore Vs Rs 42.8 crore

  • Dividend of Rs 2 per share of face value Rs 10 each

Stocks To Watch

  • Wipro: The company launched a new financial services advisory capability in India, named Capco.

  • Adani Transmission: The board granted in-principle approval for issuance of non-convertible debentures worth up to Rs 1,500 crore.

  • Life Insurance Corporation of India: The insurer diluted its shareholding in Rail Vikas Nigam to 6.7% from 8.72%.

  • Spandana Sphoorty Financial: The board approved issuance of NCDs up to Rs 50 crore on private placement basis.

  • JK Cement: Subsidiary Jaykaycem (Central) commenced cement grinding with capacity of two million tonnes per annum at its newly set up cement manufacturing facilities in Panna, Madhya Pradesh.

  • Nippon Life India Asset Management: Sailesh Bhan elevated as CIO-Equity at the company, effective Jan. 1, 2023.

  • Info Edge (India): The board will convene on Nov. 11 to consider a dividend for the current fiscal.

  • Triveni Turbine: The board approved the proposal for buyback of equity shares worth up to Rs 190 crore through tender offer route at Rs 350 per share, representing 1.68% of the total shareholding of the company.

  • Piramal Enterprises: The board of directors will meet on Nov. 7, 2022, to consider and approve the issuance of non-convertible debentures on a private placement basis.


  • DCX Systems: The initial public offering was subscribed 69.79 times on the final day. The QIB portion was subscribed 84.32 times. Non-institutional investors placed bids for 43.97 times the portion reserved for them. Retail investor portion was subscribed 61.77 times.

  • Fusion Microfinance: The issue was subscribed 7% on the first day. Non-institutional investors picked 16% of their basket, while retail investors’ bid covered 7% of the portion. No bids were received for the QIB portion.

  • Bikaji Foods International: The issue, will run from Nov. 3 to Nov. 7, is looking to raise Rs 837-881 crore. The price band for the IPO has been pegged at Rs 285-300 per share. It is a pure offer-for-sale with 2.94 crore shares of the company up for grabs.

  • Global Health: The company, which operates the hospital chain Medanta, will launch its IPO on Nov. 3. The issue will close on Nov. 7. The company is looking to raise Rs 2,250 crore from the initial share sale—fresh issuance of shares worth Rs 500 crore and an offer for sale worth Rs 1,750 crore. The price band for the issue is Rs 319-336 apiece.


Adani Enterprises, Ajanta Pharma, Amara Raja Batteries, Apar Industries, Adani Total Gas, Adani Wilmar, Bank Of India, Blue Star, Coromandel International, Devyani International, Elecon Engineering, GMM Pfaudler, Hawkins Cookers, HDFC, Hero Moto Corp, Hindustan Petroleum Corporation, Indian Bank, Indigo Paints, IndInfravit Trust, JK Laksmi Cement, Jindal Stainless (Hisar), Mahindra Lifespace Developers, Orient Electric, Rain Industries, Rainbow Children's Medicare, Raymond, Sanofi India, Sapphire Foods India, Schneider Electric Infrastructure, SRF, UCO Bank

Block Deals

  • Shrem Invit: Kairus Shavak Dadachanji bought 84 lakh shares (2.15%) at Rs 104 apiece, Trust Capital Services (India) sold 84 lakh shares (2.15%) at Rs 104 apiece.

Bulk Deals

  • Shrem Invit: Kairus Shavak Dadachanji bought 66 lakh shares (1.69%) at Rs 104 apiece.

Who’s Meeting Whom

  • Puravankara: To meet investors and analysts on Nov. 4.

  • Arvind SmartSpaces: To meet investors and analysts on Nov. 7.

  • Jindal Stainless: To meet investors and analysts on Nov. 4.

  • Ashoka Buildcon: To meet investors and analysts on Nov. 14.

  • EKI Energy Services: To meet investors and analysts on Nov. 7.

  • TTK Prestige: To meet investors and analysts on Nov. 4.

  • Solara Active Pharma Sciences: To meet investors and analysts on Nov. 9.

  • Alkem Laboratories: To meet investors and analysts on Nov. 11.

  • Nitin Spinners: To meet investors and analysts on Nov. 9.

  • Clean Science and Technology: To meet investors and analysts on Nov. 3 and Nov. 4.

  • Maruti Suzuki India: To meet investors and analysts on Nov. 3.

  • TD Power Systems: To meet investors and analysts on Nov. 10.

  • Bank of Maharashtra: To meet investors and analysts on Nov. 3 and Nov. 4.

  • Arvind: To meet investors and analysts on Nov. 8.

  • Gravita India: To meet investors and analysts on Nov. 8.

Trading Tweaks

  • Ex-Date Interim Dividend: VIP Industries, Kennametal India, Coforge, Lauras Labs, Vaibhav Global, Indian Metals and Ferro Alloys, Dabur India, Navin Fluorine International, Transport Corporation of India

  • Ex-Date Buy Back: Garware Technical Fibres

  • Ex-Date Amalgamation: Apollo Tricoat Tubes

  • Record-Date Special Interim Dividend: Atul

  • Record-Date Interim Dividend: Happiest Minds Technologies

Insider Trades

  • Supreme Petrochem: Promoter Group Boon Investment and Trading Company bought 22,844 shares on Oct. 31 and Jovial Investment & Trading Company bought 32,600 on Nov. 1.

  • Som Distilleries & Breweries: Promoter Jagdish Kumar Arora bought 50,000 shares on Nov. 1.

  • KEI Industries: Promoter & Director Anil Gupta sold 2.65 lakh shares between Oct. 31 and Nov. 2.

  • Dhampur Bio Organics: Promoter Shudh Edible Products bought 1.6 lakh shares between Oct. 31 and Nov. 1.

Pledge Share Details

  • Kesoram Industries: Promoter Manav Investment & Trading Company revoked a pledge of 1.63 crore shares on Nov. 1.

  • Jindal Steel & Power: Promoter Group Siddeshwari Tradex created a pledge of 17.5 lakh shares on Oct. 28.

  • Jubilant FoodWorks: Promoter Jubilant Consumer revoked a pledge of 20,000 shares on Oct. 27.

Money Market Update

Rupee closed at 82.79 against the dollar, compared to the Tuesday’s close of 82.71.

F&O Cues

  • Nifty November futures ended at 18,142.6, a discount of 68.6 points.

  • Nifty November futures shed 7.2% and 17,656 shares in Open Interest.

  • Nifty Bank November futures ended at 41,271.05, a discount of 206.25 points.

  • Nifty Bank November futures gained 2.41% and 1,736 shares in Open Interest.

  • Securities in the ban list: Punjab National Bank, LIC Housing Finance.

Stock Market Today: All You Need To Know Going Into Trade On Nov. 3

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